In the cryptocurrency world, achieving financial freedom and a leap in class must adhere to the iron rules of the market: The Top Ten Points for Getting Rich by Trading Coins

1. Keep a close eye on Bitcoin trends

In the cryptocurrency world, Bitcoin often leads the direction of price fluctuations. Although Ethereum can sometimes perform strongly and show independent trends, most altcoins are influenced by it.

2. Pay attention to the relationship between Bitcoin and USDT

Bitcoin and USDT often move in opposite directions; when USDT rises, be cautious as Bitcoin may fall, and when Bitcoin rises, it is an opportunity to buy USDT.

3. Seize trading opportunities in the early morning

From 0:00 to 1:00 every day, there can be pinning phenomena. Domestic cryptocurrency enthusiasts can place low buy orders for their desired coins and high sell orders before going to bed, which may result in pleasant surprises and easy profits.

4. Observe the morning price trends

From 6:00 to 8:00 every morning is a critical time for judging whether to buy or sell. If there is a continuous drop from 0:00 to 6:00, and it continues to drop at this time, it is advisable to buy or add to positions, as there is a high chance of a rise that day; if there is a continuous rise, and it continues to rise at this time, it is advisable to sell, as there is a high probability of a drop that day.

5. Pay attention to afternoon volatility

Special attention should be given at 17:00, as due to time differences, American cryptocurrency enthusiasts begin trading, which may trigger price fluctuations; many significant rises and falls occur at this time.

6. Be cautious of "Black Friday"

There is a saying of "Black Friday" in the cryptocurrency world; although there can be significant drops on Fridays, there can also be significant rises or sideways movements, so pay attention to news.

7. Be patient with declining coins

If a coin with a certain trading volume drops, don't worry; patiently holding can often lead to recouping losses. It may take as short as 3 or 4 days and as long as a month. If you have extra money, consider averaging down to speed up the recovery, unless it’s a worthless coin.

8. Stick to long-term spot trading

When trading spot, holding the same coin long-term with fewer trades often yields greater returns than frequent trading; it just depends on whether you have the patience.

9. Pay attention to external influencing factors

The cryptocurrency market is influenced by many factors, such as countries' attitudes towards cryptocurrencies, which can lead to drops if negative; U.S. financial policies, such as rumors about wealth taxes; and influential figures' opinions on cryptocurrencies, such as comments from Musk. Keep an eye on financial news.

10. Maintain a good trading mindset

A proper trading mindset is crucial: don't panic during significant drops, don't get arrogant during significant rises, and secure profits.