To survive in the crypto world, the most essential thing is learning.
Many newcomers start losing money as soon as they enter, not because the market is too ruthless, but because they haven't spent time improving their understanding. Don't think you can learn everything slowly; once you lose your core assets, it will all be too late.
Over the years, I have made some money, not because of 'talent,' but due to experience + mindset. Here are a few points for my brothers:
1⃣ BTC is the absolute leader. ETH can create independent trends, but altcoins basically cannot escape BTC's control.
2⃣ BTC and U move in opposite directions. When U rises, be careful of BTC falling; when BTC rises, it’s an opportunity to exchange for U.
3⃣ 0-1 o'clock is the spike time. Domestic players set orders before going to bed, buying low and selling high; you might just wake up to profits.
4⃣ 6-8 o'clock is the critical period. If it falls from 0-6 o'clock and continues to drop during this time, it is often a good time to enter; if it rises from 0-6 o'clock and continues to rise during this time, it is likely a selling point.
5⃣ Pay attention at 5 o'clock in the afternoon. Americans wake up to work, often bringing market fluctuations; many significant rises and falls happen during this time.
6⃣ The 'Black Friday' meme. It's not always accurate, but on Fridays, pay more attention to news as market sentiment can easily ignite.
7⃣ For coins with trading volume, don't be afraid of falling prices. If it drops, just hold on; whether a few days or a month, you can generally break even. If you have U, buy in batches for quicker recovery.
8⃣ When doing spot trading, make fewer moves and hold more. Frequent trading is not as good as long-term holding. As a clown-level example, I bought $DOGE last year at 0.08 and didn't choose to sell even after it increased five times!
In a nutshell: mindset first, technique second. Patient holding is more important than any trading strategy.