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 price movements in the cryptocurrency market. Strong coins like Ethereum may sometimes move independently of Bitcoin, but altcoins generally cannot escape its influence;
2. Bitcoin and USDT move in opposite directions. If you notice that USDT has risen, be cautious that Bitcoin may drop; when Bitcoin rises, it's a suitable time to buy USDT;
3. There is a saying in the cryptocurrency community about 'Black Friday.' There have been a few instances of significant drops occurring on Fridays, but there have also been significant rises or sideways movements. It's not particularly reliable; just pay attention to the news;
4. If a coin with a certain trading volume guarantee drops, there's no need to worry. Patience in holding will ensure you recover your losses, whether it's in 3-4 days for short-term or up to a month for long-term. If you have extra USDT, gradually buy more to lower your average cost; recovering your losses will be faster. If you're out of cash, just wait; it won't let you down.
5. Holding the same coin for the long term with less trading will yield greater returns than frequent trading; it all depends on your patience to hold.
Ultimately, the difficulty in making profits does not lie 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 position, without any lingering fantasies.' This single statement has eliminated 80% of people.
The market has never lacked opportunities; the question is whether you can seize them. By following experienced and the right people, we can earn more! There are still spots available in the team, come quickly!
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