After navigating the crypto space for a while, one realizes that maintaining a stable mindset can help avoid many pitfalls more than studying complex candlesticks and indicators. Many people focus on the technical aspects and end up losing money due to panic buying and selling; meanwhile, those who understand some market principles and can stay calm, even if their technical skills are not top-notch, can gradually earn money.
Today, I'll share 8 practical experiences summarized from my usual trading practices. These are understandable and applicable for ordinary people; beginners can use them as reference, and experienced players can take them as reminders.
1. Most of the time, Bitcoin leads the ups and downs in the crypto market. Cryptocurrencies like Ethereum, which have a solid foundation, can sometimes break free from Bitcoin's influence and exhibit their own trends, but altcoins generally cannot escape its pull.
2. Bitcoin and USDT tend to move inversely; if you see USDT rising, be careful as Bitcoin might be about to drop. Conversely, when Bitcoin is rising, it's a good time to buy USDT.
3. Between midnight and 1 AM, the market is prone to 'spikes' (sudden large price fluctuations followed by rapid retractions or rebounds). Before going to bed, you can try placing a relatively low buy order for the coins you want, and a relatively high sell order for the coins you already hold; who knows, you might just make a profit while you sleep.
4. Every morning from 6 AM to 8 AM is a critical period for determining whether to buy or sell and for assessing the day's market trends. If the market has been falling from midnight to 6 AM and continues to drop during this period, it's likely a buying or averaging opportunity, and the market is expected to rise. However, if the market has been rising from midnight to 6 AM and continues to rise during this period, you should consider selling, as the market is likely to drop.
5. 5 PM is a key time point that people in the community often emphasize, as due to time zone differences, American crypto enthusiasts are waking up and starting to trade around this time, which may drive price fluctuations. Many significant rises and falls have indeed occurred at this time, so pay attention.
6. There is a saying in the crypto world about 'Black Friday.' There have been a few instances of significant drops on Fridays, but there have also been Fridays with significant rises or sideways movements, so this saying is not particularly reliable. Just keep an eye on the news; there's no need to take it too seriously.
7. If you buy a coin that has a certain trading volume support, there's no need to panic if it drops; holding onto it patiently will likely allow you to break even, possibly in three to four days, or a month at most. If you have extra USDT, you can average down by adding to your position in several batches, which will help you break even faster. If you don't have spare cash, just wait; it usually won't disappoint you unless you bought a worthless token.
8. Engage in spot trading; holding onto the same cryptocurrency for the long term with fewer transactions can earn you more than frequent buying and selling. The key is whether you have the patience. I previously bought Dogecoin at $0.089, and it has increased more than 20 times since then.
The market is always fluctuating, but real opportunities are only reserved for those who are prepared. Follow @加密月姐 to gain exclusive market insights, master key buying and selling points, and capture certain profits amidst chaos. Professional analysis will guide you through bull and bear markets, avoid emotional trading, and win every wave of the market with strategies.
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