Some small experiences in cryptocurrency trading, sharing with everyone:
Bitcoin is often the barometer of the market, and altcoins mostly rise and fall with it, with only a few high-quality coins occasionally able to move independently, such as Ethereum.
BTC and USDT usually have an inverse relationship. If USDT's premium rises, it may indicate increasing market risk aversion, and BTC may face downward pressure; when BTC rises, it is a good time to gradually convert into USDT.
From 0:00 to 1:00 (UTC+8) daily, there are often spike market situations, so it's advisable to set your ideal buy/sell price before going to bed; you might wake up to find your order filled, "lying on bricks".
5 PM (Beijing time) is a key point to observe the market; American traders begin to become active, and some sudden market movements often start during this period, so be sure to pay attention to volatility.
"Black Friday" is not a hard rule, but there have indeed been many instances of significant drops on Fridays; it's recommended to pay more attention to news that day to avoid being caught off guard.
If mainstream coins experience a decline with trading volume support, there is usually no need to panic. It may take three to five days at the shortest, and one to two months at the longest to likely break even; if you have USDT, consider averaging down by buying in batches.
For spot trading, holding long-term often yields more stable returns than frequent trading. For example, I once bought Dogecoin at 0.1 and have held it until now, which has increased more than twenty times—patience is key.
Hope this helps everyone, wishing you all to earn steadily in the crypto world! 📈
