Secrets for ordinary people in their 20s and 30s to achieve wealth accumulation in the cryptocurrency world
If you are considering entering the cryptocurrency world with hopes of earning millions through trading, you must calm down and read this content carefully. It may not only help you preserve your capital but also prevent your family from falling into crisis. Countless originally happy families have ended up shattered due to chasing the fantasy of becoming rich in the cryptocurrency world. To walk steadily on this path, one must not only master fundamental knowledge but also learn to analyze market dynamics and study technical indicators. Only through in-depth learning and rational planning can you avoid being mercilessly consumed by the market. Otherwise, as an ordinary retail investor, you might just rush in excitedly and end up exiting quietly.
Some classic technical indicators have endured over time for a reason. For example, the divergence signals of MACD, the overbought and oversold signals of KDJ, and the determination of support and resistance levels. While these tools cannot guarantee profits, they can provide a relatively mature framework for your decision-making and help you find investment direction.
To achieve financial freedom in the cryptocurrency world, or even transcend social classes, one must respect the laws of the market. I rarely lose money in trading cryptocurrencies, relying on the following ten practical experiences. These points are simple and direct; mastering just one can increase your chances of success!
Ten core experiences in cryptocurrency trading
Stay closely aligned with Bitcoin's trend indicators
In the cryptocurrency world, Bitcoin is the leader in price fluctuations. Ethereum can occasionally move independently, but most altcoins are influenced by it.Pay attention to the interaction between Bitcoin and USDT
Bitcoin and USDT usually move in opposite directions: when USDT rises, be cautious of Bitcoin falling; when Bitcoin rises, consider buying USDT.Seize the trading window in the early morning
From 12 AM to 1 AM, the market often shows 'spike' movements. Before sleeping, you can place low-price buy orders and high-price sell orders, which may yield unexpected gains the next day. The key time for judging buys and sells is between 6 AM and 8 AM: if it has been continuously falling from 12 AM to 6 AM and is still falling, it's a good time to buy or increase your position, as it will likely rise that day; if it has been continuously rising and is still rising, it’s suitable for selling, as it may fall that day.Understand the morning market signals
Repeat observation of trends from 6 AM to 8 AM, and combine them with early morning performance to judge buying and selling opportunities, following the same pattern.Pay attention to afternoon fluctuation nodes
5 PM is an important period; the U.S. market becomes active, and cryptocurrency prices may fluctuate dramatically, often experiencing large rises or falls.Be cautious of 'Black Friday'
In the cryptocurrency world, there is a saying of 'Black Friday.' Fridays can indeed experience significant drops, but they can also rise or remain stable, depending on the news.Be patient in holding onto potential coins that are declining
Don't panic when coins with trading volume fall; being patient often leads to recovering the investment. It can take a few days to a month. If you have spare funds, you can gradually add to your position to speed up recovery, unless it's a worthless coin.Stick to a long-term strategy in spot trading
In spot trading, holding the same coin for a long time and reducing frequent operations often yields higher returns than short-term speculation, as it tests your patience.Be wary of external variable impacts
Cryptocurrency market fluctuations are driven by multiple factors: policies from various countries (negative leads to drops), trends in the U.S. economy (like tax policies), and statements from industry leaders (like comments from Musk). Stay updated with financial news.Maintain a calm investment mindset
The success or failure of trading cryptocurrencies largely depends on one's mindset. Remain calm during significant drops and not overly anxious during large rises; timely take profits to secure gains.