I entered the field at 22, and now I'm 32. In the years 2023 to 2024, my account surged to eight figures.
Now when I go out, I definitely stay in hotels around two thousand bucks. I like to choose suitcases and hats with cryptocurrency elements; it feels very free. Compared to those older generations in traditional industries or the post-80s in e-commerce, my life is much easier – no contracts to sign, no supply chain to watch, and I avoid all the disputes in business, leading to fewer worries.
People often ask: what does trading cryptocurrencies rely on?
I believe mindset is fundamental, and technique comes second. Over the years, I have accumulated some small rules and shared a few thoughts with fellow colleagues in the field:
$BTC is the leader; the entire market follows its rise and fall. $ETH This kind of 'tough nut' can occasionally move independently, but altcoins generally cannot; when the leader moves, they must follow.
$BTC and USDT are inversely correlated – when USDT rises, Bitcoin is likely to drop; conversely, when Bitcoin surges, take the opportunity to stock up on USDT.
Domestic cryptocurrency friends should remember two time points:
From 12 AM to 1 AM, it's the easiest time to 'spike.' If you place a low buy order or a high sell order before going to bed, you might earn passively.
From 6 AM to 8 AM, you can observe the day's trend. If it drops continuously from 12 AM to 6 AM and continues to drop in these two hours, there is a high probability of a rebound that day; if it spikes sharply in the first half of the night and continues to rise at this time, there is a 80-90% chance it will drop back that day.
Be cautious at 5 PM because of the time difference; Americans are just waking up, often accompanied by significant volatility. Many major price fluctuations have occurred during this time.
As for 'Black Friday,' don't be superstitious. There have been some Fridays with severe drops, but there are also times it rises or consolidates. It really depends on the news; don’t scare yourself.
And here's the most practical advice: as long as it's not a scam coin and has real trading volume, don't panic if it drops.
If you have spare money, average down by buying in batches to lower the average price, which helps you break even faster;
If you have no spare money, just hold on; short-term is three to five days, long-term is about a month, and it’s likely to bounce back.
The last piece of advice: trade spot, don't keep messing around.
Holding the same coin long-term often earns more than frequent buying and selling. I bought Dogecoin at 0.089 and have held it until now, increasing more than 20 times.
Trading cryptocurrencies is not about who operates more skillfully, but rather about patience.
