I am 39 years old this year, and I started trading cryptocurrencies at 31. By 2024-2025, my assets will reach 8 digits. My current life consists of watching the market every day and making a few contract trades. When necessary, I layout a bit for effect. When I go out, I basically don't worry about money. My net worth has now exceeded over 60 million. I am sharing these experiences with everyone.
1. In most cases, Bitcoin is the leader of the ups and downs in the cryptocurrency market. Strong altcoins sometimes deviate from Bitcoin's influence and move in a one-sided trend, while altcoins basically cannot escape its influence.
2. Bitcoin and USDT move in reverse. If you find that USDT is rising, you should be cautious that Bitcoin may fall; when Bitcoin is rising, it is the right time to buy USDT.
3. Between 0:00 and 1:00 every day, there is a tendency for price spikes, so domestic cryptocurrency friends can try to set a low buy price for their favorite coins before going to bed and a high sell price. You might just make a deal while lying down.
4. Every morning from 6:00 to 8:00 is a time to judge whether to buy or sell, and it is also a time to assess the day's rise and fall. If it has been falling from 0:00 to 6:00, and it continues to fall during this period, it is a good time to buy or average down. The day is basically likely to rise. If it has been rising from 0:00 to 6:00, and it continues to rise, it is a selling opportunity, and the day will likely fall.
5. 5:00 PM is an important time point to pay attention to in the cryptocurrency community. Due to time zone differences, American cryptocurrency friends are waking up to start working, which may cause fluctuations in coin prices. Some significant rises or falls have indeed occurred at this time, so be particularly cautious.
6. There is a saying in the cryptocurrency community about "Black Friday." There have been a few instances of significant drops coinciding with Friday, but there have also been times of significant rises or sideways movements. It is not particularly accurate, just pay attention to the news.
7. If a coin with a certain trading volume assurance drops, there is no need to worry. Patiently holding will definitely lead to a return to profit, whether it's a short period of 3-4 days or a longer one month. If you have leftover USDT, you can average down in batches to lower the price, and you will recover your costs faster. If you don't have spare cash, just wait. It won't disappoint you. Unless you really bought I coin.
8. Holding the same coin for long-term in spot trading yields greater returns than frequent trading; it just depends on whether you have the patience to hold. I bought Dogecoin at 0.1 and it has multiplied over 20 times by now.
In the past, you were groping in the dark in the market alone, but now the light is with me, and I keep it shining. Follow Sister Anxin to get on shore.
