Some tips and rules for newcomers and veterans in the crypto world!!!
Having mingled in the crypto world for these years, the experiences gained from real money are being shared sincerely with new friends today. Understanding these won't guarantee profits, but definitely can help you avoid pitfalls and stay more aware!
1. Understand the leaders to know the direction
Bitcoin is the barometer of the crypto world; when it sneezes, the entire market catches a cold! Ethereum can occasionally be strong and show independent trends. As for altcoins? Wake up, brother, 99% of them rely on BTC's mood for survival.
2. USDT fluctuations? Alarm bells ringing!
Noticed USDT quietly appreciating? Don’t celebrate too early! This is often a signal of market panic, indicating that BTC is about to drop. Conversely, when BTC is surging, it’s a great opportunity to exchange USDT in batches to stock up on bullets.
3. Midnight money-picking moment
Between midnight and 1 AM, price spikes are frequent! Spend 1 minute before sleeping to place a super low buy order for the coins you like, and set an ideal high sell order. You may wake up to a surprise!
4. Morning 6-8 AM: Determine the rise and fall
Continuous decline from 0-6 AM + continued decline from 6-8 AM? Don’t panic, it’s likely the last drop, decisively buy the dip or enter the market; the chance of reversal on that day is very high!
Continuous rise from 0-6 AM + continued rise from 6-8 AM? Be cautious! It may be the end of the upward trend, consider taking profits in batches as the risk of a pullback is high on that day.
This is a critical window I have verified countless times!
5. 5 PM: Wall Street wakes up
Players from across the ocean are up! Cryptocurrency prices often fluctuate violently at this time, with major market movements or plunges not uncommon, so keep an eye on the market and don’t doze off!
6. Black Friday? Don’t scare yourself
There have indeed been a few Fridays with dramatic drops, but there have also been plenty of significant rises and consolidations. Instead of being paranoid, focus more on real-time news and on-chain data; information is key.
7. Stuck in a position? This method can help you get out twice as fast
As long as it’s not a pure garbage token with no real trading volume, if a coin drops, hold on! Breaking even is just a matter of time. For those with capital, buy in batches to lower your cost, and you’ll recover quickly; for those without capital? Just lay flat and wait for the wind to come!
8. Ultimate secret: Less action, more profit
A bitter lesson: frequent trading profits are far less than choosing good coins and lying still! The Dogecoin I held at 0.029 has now multiplied over 20 times, with the least amount of trading, yet the most profits! Patience is the most scarce and valuable trait in the crypto world.
