In the cryptocurrency world, money circulates; everyone wants to take some home.
I am 32 years old this year and started trading cryptocurrencies at 22. By 2024-2025, my assets will reach eight figures. My current lifestyle involves staying in high-end hotels costing around 4000 yuan, and my suitcase and hat may carry cryptocurrency symbols. It's different from what the older generation did in traditional industries or e-commerce.
People born in the 80s have it much easier. I have hardly ever experienced business disputes with others, and I have fewer worries.
I have the patience to summarize my insights; the biggest point in trading cryptocurrencies is to maintain a good mindset, with technical skills being secondary.
1. In most cases, Bitcoin is the leader of the cryptocurrency market's rises and falls; Ethereum, being a strong coin, may sometimes break away from Bitcoin's influence and move in a single direction, while altcoins generally cannot escape its impact.
2. Bitcoin and USDT move inversely; if you notice USDT rising, be cautious as Bitcoin may fall. When Bitcoin rises, it is a suitable time to buy USDT.
3. Between 0:00 and 1:00, there is a tendency for price spikes to occur, so domestic cryptocurrency enthusiasts can try placing a buy order for their desired coin at a low price and a sell order at a high price just before going to bed; you might get lucky and make a profit while you sleep.
4. The time between 6:00 and 8:00 in the morning is a good time to judge whether to buy or sell, and it is also when you can gauge the day's rise or fall. If the price has been falling from 0:00 to 6:00 and continues to fall, it’s a good time to buy or add to your position, and it will likely rise that day. Conversely, if it has been rising in that time frame, it’s a good time to sell, and it will probably fall that day.
5. 5 PM is a key time to pay attention to rumors in the community; due to time zone differences, American cryptocurrency enthusiasts will be awake and working, which may cause fluctuations in coin prices. Some significant rises or drops have indeed occurred at this time, so be especially vigilant.
6. There is a saying in the cryptocurrency world about 'Black Friday'; there have been a few instances of major drops coinciding with Fridays, but there have also been significant rises or consolidations, so it’s not particularly reliable; just keep an eye on the news.
7. If a coin with a certain trading volume drops, don’t worry; if you hold on patiently, you will definitely recoup your investment—short term in 3 to 4 days, long term in a month. If you have extra USDT, add to your position in batches to bring the average price down; you will recover faster. If you don’t have extra funds, just wait; it won't let you down, unless you really bought a Pi Xiu coin.
8. Holding the same coin long-term with fewer trades yields greater returns than frequent trading; it just depends on whether you have the patience to hold. I bought Dogecoin at 0.1, and now it has multiplied by over 20 times.
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