It took nearly 10 years for my personal account to grow from 300,000 to 1,000,000, but once I reached 1,000,000, it seemed like I had an epiphany, and it shot up to 40,000,000. Today, I want to share a few valuable tips that are worth 60,000,000, hoping they will help you.
1. Keep a close eye on Bitcoin trends #比特币
In the cryptocurrency world, Bitcoin often leads the direction of price fluctuations. Although Ethereum can occasionally perform strongly and create independent market trends, most altcoins are influenced by $BTC.
2. Pay attention to the relationship between Bitcoin and USDT
Bitcoin and USDT often move in opposite directions; when USDT rises, be cautious as Bitcoin may fall, and when Bitcoin rises, it’s an opportunity to buy USDT.
3. Seize trading opportunities in the early morning
From 12:00 AM to 1:00 AM every day, there is often a phenomenon of price spikes. Domestic cryptocurrency enthusiasts can place low buy orders for their desired coins before going to bed and high sell orders; you might be pleasantly surprised with a successful transaction and easy profits.
4. Observe the morning price trends
From 6:00 AM to 8:00 AM every day is a crucial period for determining whether to buy or sell. If the price has been falling continuously from 12:00 AM to 6:00 AM, and it continues to drop at that time, it's advisable to buy or add to your position, as it is likely to rise throughout the day. Conversely, if it has been rising continuously, and it continues to rise at that time, it’s advisable to sell, as it is likely to drop that day.
5. Pay attention to afternoon volatility points #币圈暴富
Be particularly cautious at 5:00 PM, as due to time differences, American cryptocurrency enthusiasts begin trading, which might trigger price fluctuations, with many significant rises and falls occurring at this time.
6. Beware of "Black Friday"
In the cryptocurrency world, there is a saying about "Black Friday"; while there may be significant drops on Fridays, there can also be large increases or sideways movements, so keep an eye on the news.
7. Be patient with declining coins
If a coin with a certain trading volume drops, don't worry; holding onto it patiently can lead to a recovery. It could take as short as 3 or 4 days, or as long as a month. If you have extra money, you can gradually add to your position to speed up recovery, unless it’s a worthless coin.
8. Stick to long-term spot trading
When trading spot, holding onto the same coin for the long term with fewer transactions usually yields greater returns than frequent trading; it all depends on your patience.
9. Be aware of external influencing factors
Cryptocurrency fluctuations are influenced by many factors, such as the attitudes of various countries towards cryptocurrencies; negative attitudes can lead to drops; US financial policies; views of influential figures on cryptocurrencies, such as statements from Musk. Keep an eye on financial news.
10. Maintain a good mindset for trading
A good trading mindset is crucial: don’t panic during significant drops, don’t be arrogant during large rises, and securing profits is important. #币圈起伏落袋为安
