I am 33 years old this year. I jumped into the cryptocurrency world at 23, and from 2023 to 2024, my assets finally soared to eight figures. Now, I always stay in high-end hotels that cost around two thousand yuan when I go out, and I carry symbols of the cryptocurrency world on my suitcase and hat. To be honest, compared to the older generation who are engaged in traditional industries or the post-80s who are in e-commerce, my life is indeed much more comfortable.
I haven’t had any business disputes and have very few worries. After playing with cryptocurrencies for so long, my deepest realization is that mindset is much more important than skills.
Here are some rules I've figured out through practice:
1. Most of the time, Bitcoin is the 'big brother' of the cryptocurrency world, and its fluctuations determine the market. Ethereum can sometimes be strong and develop an independent trend; altcoins generally cannot escape Bitcoin's influence.
2. Bitcoin and USDT often move inversely. When USDT rises, be cautious of Bitcoin falling; when Bitcoin rises, it’s actually a good time to buy USDT.
3. It's easy to see 'spikes' between midnight and 1 AM. Domestic cryptocurrency friends can set a very low buy price and a slightly high sell price before sleeping, and you might earn passively.
4. The time between 6 AM and 8 AM is a critical point. If the price has been falling from 0 to 6 AM and continues to fall in this period, it’s a good time to buy or add to your position; if it has been rising, you should sell quickly as it may turn to a decline that day.
5. Pay attention at 5 PM. Due to time zone differences, American cryptocurrency friends are active at this time, and several major price fluctuations have occurred at this hour.
6. There’s a phenomenon called 'Black Friday' in the cryptocurrency world; there have been significant drops on Fridays, but there have also been rises or consolidations, so it's not very reliable; just keep an eye on the news.
7. For cryptocurrencies with a certain trading volume, don’t panic if they drop; holding patiently will definitely get you back to break-even, with the short term being three to four days and the long term up to a month. If you have extra funds, buy in batches to lower your cost; if you don’t have spare cash, just wait; you generally won’t be disappointed—just avoid buying scam coins.
8. For spot trading, holding the same cryptocurrency long-term and trading less often often yields more profit than frequent trading. I bought Dogecoin at 0.089, and it has increased more than 20 times since then.
