Investing in cryptocurrency for a year can reach 8 figures!!! Experience sharing 🚀🚀
In the crypto world, there’s no need for pointless arguments, and worries are fewer. The most important aspect of trading is having a good mindset; skills come second.
1. In most cases, Bitcoin (BTC) is the leader in the crypto market's fluctuations. Occasionally, robust Ethereum-based coins may deviate from Bitcoin's influence and follow a unilateral trend, while altcoins generally cannot escape its impact;
2. Bitcoin (BTC) and USDT move in opposite directions. If you see USDT rising, be cautious of Bitcoin's decline; when Bitcoin rises, it's a good time to buy USDT;
3. Between 0:00 and 1:00 daily, there’s a tendency for price spikes, so domestic crypto enthusiasts can try placing a buy order for their desired coin at a low price just before sleeping and a sell order at a high price; you might just get a deal while resting;
4. Every morning between 6:00 and 8:00 is a good time to decide whether to buy or sell, as well as to assess the day's potential rise or fall. If it has been dropping from 0:00 to 6:00, and it continues to drop during this period, it’s a good time to buy or average down, and the day is likely to rise. Conversely, if it has been rising during this timeframe, it's a selling opportunity, and the day will likely decline;
5. 5:00 PM is an important point to pay attention to due to rumors in the community. Due to time zone differences, American traders are waking up and starting their day, which may lead to fluctuations in the market. Significant rises or drops have indeed occurred at this time, so be particularly vigilant;
6. There’s a saying in the crypto world about 'Black Friday', where there have been instances of significant drops on Fridays, but there can also be substantial rises or sideways movement. This isn’t particularly reliable, but just keep an eye on the news;
7. If a coin with a certain trading volume falls, don’t worry. Holding patiently will definitely get you back to breakeven, whether in 3-4 days or up to a month. If you have spare USDT, average down your position to lower your cost, and you’ll recover faster. If you don’t have spare cash, just wait; it won’t disappoint you. Unless you really bought into a bad coin;
8. In spot trading, holding the same coin long-term with fewer transactions yields greater returns than frequent trading; it all depends on whether you have the patience to hold. I bought Dogecoin at 0.089 and have seen it multiply over 20 times. After much consideration, I decided to share the short-term trading strategies that helped me grow from 50,000 to 23.98 million in just two years in the crypto market!
