1. In most cases, Bitcoin is the leader in the rise and fall of the currency circle. Ethereum, a currency with strong quality, sometimes breaks away from the influence of Bitcoin and moves out of the unilateral market. Altcoins basically cannot escape its influence;
2. Bitcoin and USDT move in opposite directions. If you find that USDT has increased, you should be alert to the decline of Bitcoin. When Bitcoin increases, it is the right time to buy USDT.
3. There is a tendency for the market to be stuck between 0:00 and 1:00 every day, so domestic coin friends can set a buy price of their favorite coin as low as possible and a sell price as high as possible before going to bed. Maybe the transaction will be completed and they can make money without doing anything.
4. 6-8 am every day is a good time to buy or sell, and it is also a good time to judge the rise or fall of the day. If the market keeps falling from 0 to 6 am, it is still falling during this period, so it is a good time to buy or cover the position, and the market will basically rise on the day. If the market keeps rising from 0 to 6 am, it is still rising during this period, so it is a good time to sell, and the market will most likely fall on the day.
5. 5pm is an important time for rumors. Due to the time difference, American currency friends get up and go to work, which may cause the currency to fluctuate. Some big rises or falls have indeed occurred at this time, so you should pay special attention to it.
6. There is a saying in the cryptocurrency circle that “Black Friday” is the day when the market crashes on Fridays. However, there are also cases of sharp rises or sideways movements. It is not particularly accurate. Just pay attention to the news.
7. If the coin with a certain trading volume falls, don't worry. If you hold it patiently, you will get your money back. It may take 3 or 4 days or even a month. If you have extra USDT, you can cover your position in batches to pull the price down. You will get your money back faster. If you don't have extra money, just wait. You won't be disappointed. Unless you really bought junk coins.
8. For spot trading, the same coin can be traded for a long time. The profit from less trading is greater than that from frequent trading. It depends on whether you have the patience to hold on. I bought Dogecoin at 0.029, and it has increased more than 20 times since I held it.
9. Factors affecting the turbulence in the cryptocurrency market:
1) The attitude of various countries towards cryptocurrencies. If they are negative, there will basically be a wave of decline;
2) US financial policies, such as the recent rumor that the rich will be taxed on their capital gains (commonly known as the rich tax);
3) The attitude of bigwigs like Musk towards cryptocurrencies. For example, Musk would post a tweet with information about Bitcoin and Dogecoin, pushing up the prices of these two currencies, thereby driving the entire currency circle to rise. For example, Buffett’s remarks that he is not optimistic about Bitcoin; so you should pay attention to financial news.
There is a saying that I strongly agree with: the boundaries of knowledge determine the boundaries of wealth, and people can only earn wealth within the boundaries of their knowledge.
You must have a good mentality when trading cryptocurrencies. Don't let your blood pressure soar when there is a big drop, and don't get carried away when there is a big rise. It is more important to lock in the profits.
