Want to become rich by speculating in cryptocurrencies, is it reliable?
In the crypto world, if I want to achieve wealth freedom and class transition, I have always strictly followed the iron law of the market:
1. In most cases, Bitcoin is the leader in the rise and fall of the crypto world. Ethereum coins with strong quality sometimes break away from the influence of Bitcoin and go out of the unilateral market, and the copycat market basically cannot escape its influence;
2. Bitcoin and USDT move in opposite directions. If you find that USDT has risen, you must be alert to the fall of Bitcoin. When Bitcoin is rising, it is the right time to buy USDT;
3. There is a tendency for plug-in phenomenon to occur between 0:00 and 1:00 every day, so domestic currency friends can set the buying price of the favorite currency as low as possible before going to bed, and set the selling price as high as possible, maybe the transaction will be completed, and you can make money without doing anything;
4. 6-8 am every morning is a time to judge whether to buy or sell, and it is also a time point to judge the rise and fall of the day. If it has been falling from 0
to 6 o'clock, it is still falling during this period. It is a time to buy or cover the position. It is basically rising on the day. If it has been rising from 0:00 to 6 o'clock, it is still rising during this period. It is a time to sell, and it is likely to fall on the day;
5. 5 pm is an important time point for rumors in the world. Due to the time difference, American currency friends get up to work, which may cause the currency to rise. The price fluctuates. Some big rises or falls did happen at this time, so you should pay special attention to it.
6. There is a saying in the currency circle that "Black Friday". There have been a few cases where it happened to fall on Friday, but there have also been cases of big rises or sideways trading. It is not particularly accurate. Just pay attention to the news.
7. If the currency with a certain trading volume guarantee falls, don't worry. If you hold it patiently, you will definitely get your money back. It will take 3 or 4 days at the shortest and a month at the longest. If you have extra USDT, you can make up for it in batches and pull the price down. You will get your money back faster. If you don't have extra money, just wait and wait. You won't be disappointed. Unless you really bought junk coins;
8. For spot trading of the same currency, long-term holding and less trading will bring greater returns than frequent trading. It depends on whether you have the patience to hold.#BTC