The most important thing in the cryptocurrency world is mindset

The most important thing in the cryptocurrency world is to have a good mindset, technology is secondary!

1. In most cases, Bitcoin is the leader of the cryptocurrency market's ups and downs. Strong coins like Ethereum may sometimes break away from Bitcoin's influence and show a one-sided trend, while altcoins generally cannot escape its influence;

2. Bitcoin and USDT move in opposite directions. If you notice USDT rising, be cautious of Bitcoin falling; when Bitcoin is rising, it's a suitable time to buy USDT;

3. Between 0:00 and 1:00 AM, there is a tendency for spike phenomena, so domestic cryptocurrency enthusiasts can try to set a low buy price for their desired coins before going to bed and a high sell price, you might just make a deal while you sleep;

4. Every morning from 6:00 to 8:00 AM is a good time to judge whether to buy or sell, and it's also a time to assess the day's potential ups and downs. If it has been falling from 0:00 to 6:00 AM and continues to fall during this period, it’s a good opportunity to buy or average down; if it has been rising, it's a selling opportunity, and it’s likely to fall that day;

5. 5:00 PM is an important time to pay attention to market rumors. Due to time zone differences, American cryptocurrency enthusiasts are waking up and starting their activities, which may cause price fluctuations. Significant rises or falls have indeed occurred at this time, so be particularly vigilant;

6. There is a saying in the cryptocurrency world about "Black Friday." There have been instances of significant drops occurring on Fridays, but there have also been significant rises or sideways movements, so it's not particularly reliable; just pay attention to news;

7. If a coin with a certain trading volume drops, there’s no need to worry; patiently holding will definitely lead to a recovery. In the short term, it may take 3-4 days, and in the long term, about a month. If you have extra USDT, averaging down in batches will bring the price down faster, and recovery will be quicker. If you don’t have extra funds, just wait; you won’t be disappointed, unless you really bought I coin;

8. Holding the same coin for long-term investment with less trading yields greater returns than frequent trading; it all depends on whether you have the patience to hold.

Ultimately, the difficulty in making profits lies not in strategy, but in execution. "When the price of a coin stays below the 30-day moving average for three consecutive days, you must decisively liquidate your holdings without any illusions." Just this sentence has eliminated 80% of the people.