A post-90s cryptocurrency trader in Shenzhen is considered a role model for the new generation of post-90s. He is also a long-time cryptocurrency friend of mine. A few days ago, we met and talked about his brilliant past. He spent 6 years studying and practicing in the cryptocurrency circle. He said that making money is easy. Many people make it too complicated. If you lay a solid foundation, you can earn 8 figures a month and 9 figures a year!
I have sorted out her core secrets and now show them to those who are destined to learn and master them together. They are worth cherishing!
The reason why he can earn 8 figures per month and 9 figures per year is because he has a very solid foundation. Here is some practical information to share:
1. First, give some tips to newcomers and old players in the cryptocurrency circle
The rules of the currency circle he discovered:
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 single-day market. Altcoins basically cannot escape its influence;
2. Bitcoin and USDT+ move in opposite directions. If you find that USDT has risen, you should be alert to the decline of Bitcoin. When Bitcoin rises, 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 time to judge whether to buy or sell, and it is also a time to judge whether the stock will rise or fall on the day. If it has been falling from 0 to 6 am, it is still falling during this period. It is a time to buy or cover the position, and the stock will basically rise on the day. If it has been rising from 0 to 6 am, it is still rising during this period. It is a time to sell, and the stock 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 +”. There have been a few cases where the market crashed on Friday, but there have also been cases where the market surged or went sideways. It is not particularly accurate, so just pay attention to the news;
7. If the coin with a certain trading volume falls, don’t worry. You will get your money back if you hold it patiently. 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 will not be disappointed. Unless you really bought junk coins;
8. For spot trading, the same coin can be traded for a long time with less transactions, which will bring greater returns than frequent transactions. It all 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 then, which is the highest increase among all my coins (but I bought too few at that time, only 1,000, and I plan to hold it until the end of the year)
9. Factors that affect the turbulence of 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 news that the rich will be required to pay capital gains tax + (commonly known as the rich tax +); 3) The attitude of bigwigs like Musk towards cryptocurrencies, such as Musk tweeting information about Bitcoin and Dogecoin, pushing up the prices of these two currencies, thereby driving the entire cryptocurrency market up, such as Buffett's remarks that he is not optimistic about Bitcoin; so pay attention to financial news. There is a saying that I agree with: the knowledge boundary determines the wealth boundary, and people can only earn wealth within their knowledge boundary.
I have been trading cryptocurrencies for 10 years, with a cost of 52,000 yuan. Now I have more than 40 million yuan. I only trade spot cryptocurrencies and do not trade contracts. Although I am not as good as some people who can achieve two small goals with 10,000 yuan, I am already very satisfied and feel safe. I dream that my account will exceed 52 million yuan by the end of this year, and I will have more capital to make more money next year.
You must have a good attitude when trading cryptocurrencies. Don't let your blood pressure soar when the market drops sharply, and don't get carried away when the market rises sharply. It is more important to secure your profits. When I first started trading cryptocurrencies, I was so worried that I couldn't sleep well. I often woke up in the middle of the night, but now I am much calmer. For people who don't have many resources, being down-to-earth is the irrefutable way to survive.
