I started trading cryptocurrencies at the age of 28, and by 2025, my cryptocurrency investments will reach eight figures. My current lifestyle requires me to stay in high-end hotels costing around 3000 yuan. My suitcase and hat might even have symbols from the crypto world! I have rarely experienced business disputes with others, and I have fewer worries.

I have the patience to summarize my insights; the most important thing in trading cryptocurrencies is having a good mindset, while technical skills are secondary.

1. In most cases, Bitcoin is the leader of price movements in the crypto market, while Ethereum has strong fundamentals and may sometimes move independently of Bitcoin, but altcoins generally cannot escape its influence;

2. Bitcoin and USDT move in opposite directions. If USDT rises, it’s a warning that Bitcoin might fall; when Bitcoin rises, it’s a good time to buy USDT;

3. Between midnight and 1 AM, there can be a phenomenon of price spikes, so domestic crypto enthusiasts can try to set a buy order for their desired coin at a low price and a sell order at a high price before sleeping; you might just get a deal while lying down;

4. Between 6 AM and 8 AM is a good time to judge whether to buy or sell, and it’s also a key moment to assess the day’s price movements. If the price has been falling from midnight to 6 AM and continues to fall during this time, it’s a good opportunity to buy or average down, and the price is likely to rise throughout the day. Conversely, if the price has been rising from midnight to 6 AM and continues to rise during this time, it’s a selling opportunity, and the price is likely to drop later in the day; $BTC

5. 5 PM is an important time to pay attention to rumors in the community. Due to time zone differences, American crypto enthusiasts are waking up and going to work, which may cause fluctuations in cryptocurrency prices. Significant increases or decreases have indeed occurred at this time, so it’s essential to stay vigilant; $ETH

6. There’s a saying in the crypto world about ‘Black Friday’, where there have been several instances of significant drops on Fridays, but there have also been times of significant increases or sideways movements, so it’s not particularly reliable. Just pay attention to the news;

7. If a coin with a certain trading volume drops, there’s no need to worry. Patience will surely lead to recovery, whether it takes 3-4 days or up to a month; #美国加征关税

8. Holding the same coin for long-term trading with less frequency yields greater returns than frequent trading, depending on your patience. I bought Dogecoin at 0.1 and have held it until now, which has increased more than 20 times; #山寨季何时到来？

If you want to learn or connect with Dan, feel free to follow Gong Zhonghao, the 'Crypto Emperor Instructor', where you can gain the latest information and trading skills in the crypto world.