I am 32 years old this year and started to get in touch with digital currencies at the age of 22. By 2024-2025, my asset scale reached eight digits. Nowadays, my daily routine consists of checking market trends and occasionally making some contract trades, ensuring proper position management at critical moments. When I go out, I basically don’t have to worry about money. Currently, my net worth exceeds 60 million, and my life is calm and carefree.
I am very fortunate that my investment journey rarely requires entanglement with others, and there are not many worries. Over the years, my biggest realization is that the most important thing in trading coins is mindset; technology is just an aid.
Here are some insights I have summarized:
1. Bitcoin usually dominates the rise and fall rhythm of the cryptocurrency market in most cases. High-quality coins like Ethereum can occasionally develop independent trends, but altcoins generally follow Bitcoin's movements.
2. Bitcoin and USDT usually show inverse trends. When USDT rises, one should be cautious of a potential decline in Bitcoin; conversely, when Bitcoin rises, it is often a good time to buy USDT.
3. There is a tendency for spike events to occur between 0 and 1 AM daily. It is recommended for domestic investors to place limit orders for their desired coins before sleeping, setting a relatively low buying price and a relatively high selling price, as it may lead to unexpected gains.
4. The morning from 6 to 8 o'clock is a key window for judging the market trend of the day. If there is a continuous decline from 0 to 6 o'clock, and this period is still falling, it is usually an opportunity to buy or add positions, and there is a high probability of a rebound for the day; if there is a continuous rise from 0 to 6 o'clock, and this period continues to rise, then selling can be considered, as there is a greater possibility of a drop for the day.
5. The time around 5 PM is worth paying special attention to. Due to time zone differences, American investors begin to become active, and the market often experiences fluctuations; historically, many significant rises and falls have occurred during this period.
6. Regarding the saying of 'Black Friday', although there have indeed been several significant drops on Fridays, there have also been substantial rises or sideways movements, so there is no need to be overly anxious; just pay appropriate attention to the news.
7. For coins supported by trading volume, there is no need to panic during declines. Patience in holding usually allows for a return on investment, whether it takes three to four days or as long as a month. If there is idle USDT, it can be used to gradually add positions and lower the average price, accelerating the return process. If there is no extra money, just wait patiently unless you are buying a problematic project coin.
8. In spot trading, holding long-term yields higher returns than frequent trading; the key is to have patience. For example, I bought Dogecoin at 0.1 USD, and it has increased more than twenty times since.
