After ten years of cryptocurrency trading, I've finally found a smooth life. I entered the industry at 22, and I'm 32 this year. Between 2023 and 2024, my account reached eight figures.
Now, I always stay in hotels around 2,000 yuan when I go out. I always choose crypto-themed items for my suitcases and hats, which makes me feel very comfortable. Compared to my elders in the manufacturing industry or the post-80s generation in e-commerce, my life is much easier—no contracts to negotiate, no supply chain to monitor, no business complications to deal with, and very few worries.
People often ask what crypto trading relies on. I believe mindset is fundamental, and technical skills are secondary. Over the years, I've developed some small patterns that I share with my friends in the industry:
$BTC is the big brother of the cryptocurrency world, and its ups and downs are largely determined by it. Strong coins like Ethereum can occasionally break away from the big brother and develop their own unilateral trends; altcoins can't do that; they have to follow the big brother's movements.
$BTC and USDT are essentially inversely related—if USDT rises, be prepared for a Bitcoin drop; if Bitcoin surges, it's a good time to stockpile USDT.
Domestic cryptocurrency traders should remember two key times: 12:00 AM to 1:00 AM is prone to "piloting." Place a buy order at a low price and a sell order at a high price before bed, and you might even make money without doing anything. 6:00 AM to 8:00 AM is also crucial, as it allows you to predict the day's trend. If the price falls between 12:00 AM and 6:00 AM, and continues to fall during these two hours, buy or cover your position without hesitation, as the price is likely to rise that day. If the price rises in the first half of the night, and continues to rise during these two hours, sell quickly, as the price will most likely fall that day.
Be careful around 5:00 PM. Due to the time difference, cryptocurrency traders in the US are just getting up and working, so the price is prone to volatility. Many major surges and plunges occur at this time, so don't be distracted.
The term "Black Friday" isn't accurate. While there have been some sharp declines on Fridays, there have also been some increases or sideways movements. Just monitor the news and don't panic.
Honestly: As long as you're not buying speculative coins, don't panic if a coin with significant trading volume drops. Hold on patiently, and you'll definitely recoup your investment in three or four days, or even a month. If you have extra cash, add to your position in batches, lowering the average price for a quicker recovery; if you don't, just hold on—you can't go wrong.
By the way, don't mess around with spot trading. Holding the same coin long-term will earn you more than daily trading. I bought Dogecoin at 0.089, and it's increased over 20-fold since then—cryptocurrency trading is all about patience.
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