I am 39 years old this year, and I have been trading cryptocurrencies for almost ten years.

My life is quite simple now: I usually monitor the market, occasionally make a few contract trades, and position myself in spot trading when needed; I don’t have to struggle when spending money, there’s hardly any intrigue in business, and I have very few worries.

Looking back at these 10 years, the one thing I want to say is: in cryptocurrency trading, mindset is always more important than technique.

The following points are my insights gained from my experiences of stepping into pitfalls, making money, and summarizing my journey:

1. Bitcoin is the 'big brother'.

Most of the time, the entire market follows its lead. Excluding exceptions like Ethereum, which sometimes can create independent trends; however, altcoins generally can't escape its influence, and fluctuations are the norm.

2. Bitcoin and USDT are a pair of 'inverse partners'.

When USDT rises quietly, you need to be cautious that Bitcoin may drop; conversely, when Bitcoin surges, it is often a good time to exchange for USDT to lock in some profits.

3. The time between 12 AM to 1 AM is the 'spike window'.

Domestic players can take advantage of this time difference: place a buy order below the current price before going to bed, and then place a slightly higher sell order. Many times, the market will suddenly 'spike', and you can wake up to unexpected gains.

4. 5 PM is a critical point.

This is a time period well-known to veteran players, as funds from the U.S. start to become active around this time. Large rises and falls often concentrate around 5 PM, so I recommend keeping an eye on the market.

5. 'Black Friday' can be referenced, but do not be superstitious.

There have indeed been several instances of significant drops on Fridays, but there are also times of increases or sideways movement. The accuracy isn’t particularly high or low. My advice is: don’t scare yourself, just pay more attention to the news on Fridays so that you are informed.

6. As long as it is a coin with trading volume, don’t panic if it drops.

If you are holding a coin with stable trading volume, don’t be anxious about a short-term drop, just hold on patiently, and you will generally recover your investment. It could be quick, like three to four days, or slower, like a month. If you have spare money, you can buy in batches to lower your average cost; if not, just wait patiently, as it's highly unlikely to disappoint (of course, the premise is to avoid buying worthless coins).

These are my experiences in the cryptocurrency circle over the years.

If you are currently in a state of confusion, feel free to leave a message to chat; it might help you take fewer detours.