I am 37 years old this year. I started trading cryptocurrencies at 29, and by 24-25, my funds reached an 8-digit number. My current life involves watching the market daily and making a few contracts; I basically don’t worry about money when I go out. My net worth has exceeded 50 million, and I have very few worries.
I have not experienced any business disputes, and I have very few concerns. I have the patience to summarize my insights; the biggest point in trading cryptocurrencies is maintaining a good mindset, with skills being secondary.
1. In most cases, Bitcoin is the leader of the ups and downs in the cryptocurrency market. Strong coins like Ethereum may sometimes move independently of Bitcoin's influence, while altcoins generally cannot escape its impact.
2. Bitcoin and USDT move in opposite directions. If USDT rises, one should be alert for a drop in Bitcoin; when Bitcoin rises, it’s an appropriate time to buy USDT.
3. Between 0:00 and 1:00 daily, there is a tendency for price spikes, so domestic cryptocurrency enthusiasts can try to place buy orders for their desired coins at lower prices and sell orders at higher prices before going to sleep; you might just get lucky.
4. Every morning from 6:00 to 8:00 is a critical time to judge whether to buy or sell, as well as to assess that day's price movements. If the price has been dropping from 0:00 to 6:00, and continues to drop during this period, it’s a buying or averaging down opportunity; the price will generally rise that day. Conversely, if the price has been rising from 0:00 to 6:00 and continues to rise, it’s a selling opportunity; the price will likely drop that day.
5. 5:00 PM is an important time point for rumors in the market. Due to time zone differences, American crypto enthusiasts will be up and working, which may cause fluctuations in prices. Significant rises or drops have indeed occurred at this time, so pay special attention.
6. There is a saying in the cryptocurrency world about 'Black Friday'; there have been a few instances of significant drops coinciding with Fridays, but there are also cases of substantial rises or sideways movements, which are not particularly reliable. Just pay a little attention to the news.
7. If a coin with a certain trading volume guarantee drops, there’s no need to worry. Patience in holding will definitely lead to a recovery; in the short term, it could be 3-4 days, in the long term, a month. If you have spare USDT, average down in batches to pull the price down; recovery will be faster. If you don’t have spare funds, just wait; it won’t disappoint you. Unless you really bought I coin.
8. Holding the same coin for long-term trading with less frequent transactions yields greater returns than frequent trading; it just depends on whether you have the patience to hold.
The market is always present. Find Sister Lin, use systematic thinking to guide you through the investment fog.
