I am 32 years old this year, I started trading cryptocurrencies at 22, and by 2024-2025 my assets will reach 8 figures. My current life is just watching the market and doing a few contracts every day. When necessary, I make some strategic moves, and I basically don't have to worry about money when I go out. My net worth has exceeded 60 million, and I have almost no worries! I have hardly ever experienced business disputes, and I have very few troubles. I have the patience to summarize my insights; the biggest point in trading cryptocurrencies is having a good mindset, while technical skills are secondary. Everyone remember to save this well.
1. In most cases, Bitcoin is the leader of the cryptocurrency market's rise and fall. Strong altcoins sometimes break away from Bitcoin's influence and show a one-sided trend, while altcoins generally cannot escape its influence;
2. Bitcoin and USDT move in opposite directions. If you find that USDT has risen, be cautious that Bitcoin might fall; when Bitcoin rises, it is a suitable time to buy USDT;
3. Between 0:00 and 1:00 AM, there can easily be price spike phenomena, so domestic cryptocurrency friends can try to set a low buy price for their desired coin before going to bed, and a high sell price, you might just make a deal while lying down; $ETH
5. 5 PM is an important time to pay attention to according to rumors in the community. Due to time zone differences, American cryptocurrency friends are waking up to work, which may cause price fluctuations. Some significant rises or falls have indeed occurred at this time, so be particularly careful; $BTC
6. There is a saying in the cryptocurrency community about "Black Friday"; there have been a few instances of significant drops coincidentally on Fridays, but there have also been significant rises or sideways movements, so it's not particularly reliable, just pay a little attention to the news;
7. If a cryptocurrency with a certain trading volume drops, there’s no need to worry. Patience will definitely allow you to break even, whether in 3-4 days for short-term or a month for long-term. If you have extra USDT, you can average down by buying in batches to lower the price, and you will break even quicker. If you don't have extra money, just wait; it won’t disappoint you. Unless you really bought an I coin; #山寨季何时到来
8. In spot trading, holding the same coin long-term with less trading yields greater returns than frequent trading. It all depends on whether you have the patience to hold. I bought Dogecoin at 0.1, and it has multiplied more than 20 times by now. #币安Alpha上新
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