Some U merchants engage in trickery, attempting to induce panic in you to sell anxiety, which is truly ridiculous. If you have a few hundred thousand, you can easily conduct bulk transactions with diamond dealers. If you have accumulated tens of millions or even billions in wealth, you should open a business account with DBS Bank in Singapore. As long as you can prove your assets are above 5 million SGD, once you establish a private banking account, you can use their own digital currency trading platform to directly convert digital currencies into any fiat currency; however, this is only available to private banking members. Alternatively, you can apply for Thailand's elite visa, student visa, or Hong Kong's work visa or student visa. Having a long-term overseas visa allows you to open an account at the compliant Hashkey in Hong Kong, thus achieving legal withdrawals. In summary, those U merchants who are intent on profiting from you will always use various examples to bewilder you. I am 32 this year, I started trading cryptocurrencies at 22, and by 2023-2024, my funds reached eight figures. Now, my lifestyle includes staying at upscale hotels costing around 2000 yuan, and my suitcase and hat may carry crypto symbols. It’s much more comfortable than what the older generation did in traditional industries or the post-80s in e-commerce. I have hardly ever dealt with business disputes, and I have fewer worries. The key point in trading cryptocurrencies is having a good mindset; technical skills are secondary.
1. In most cases, Bitcoin is the leader of price fluctuations in the crypto world. Occasionally, strong altcoins may break away from Bitcoin's influence and trend independently, but altcoins generally cannot escape its impact.
2. Bitcoin and USDT move in opposite directions. If you find that USDT has risen, you should be cautious that Bitcoin may fall; when Bitcoin is rising is the right time to buy USDT. 3. Between midnight and 1 AM, there is a tendency for price spikes to occur, so domestic traders can try placing a low buy order for their desired coins and a high sell order before going to bed; you might just get a deal while you sleep.
4. Every morning from 6 to 8 AM is a critical time to determine whether to buy or sell, as well as to assess the day's potential rise or fall. If it has been falling from midnight to 6 AM, and continues to fall during this period, it is a buying or averaging opportunity, and the day will likely rise. If it has been rising from midnight to 6 AM, and continues to rise during this period, it is a selling opportunity, and the day will likely fall; 5. 5 PM is an important point of interest in the crypto community. Due to time zone differences, American traders are starting their day, which may cause fluctuations in prices. Significant rises or falls have indeed occurred at this time, so pay special attention.
6. There is a saying in the crypto world about "Black Friday"; there have been instances where significant drops happened on Fridays, but there have also been cases of substantial rises or sideways movement, so it's not particularly reliable—just pay attention to the news.
7. If a cryptocurrency with a certain trading volume drops, there is no need to worry; patiently holding will definitely yield returns. In the short term, it could be 3 to 4 days, and in the longer term, it could take a month. If you have excess USDT, you can average down in batches to lower the price—it will help you recoup faster. If you don't have spare funds, just wait; you won't be disappointed. Unless you really bought I coins.
8. Holding the same cryptocurrency for the long term with less trading tends to yield greater returns than frequent trading; it just depends on whether you have the patience to hold on!