Ten years in the crypto world, from messing around at 20 to 30, this year my account finally broke eight figures. Now I can stay in any hotel I want, blinking at a 2000 yuan per night room with my credit card. My luggage has the industry logo sticker, so I can meet peers wherever I go.
People often ask me how to make money trading cryptocurrencies. Actually, mindset is the top priority; technical skills come second. Over the years, I’ve summarized a few practical tips to share with friends who are still exploring the market:
Bitcoin is the market’s weather vane. When it’s still, altcoins are basically dead. Keep an eye on Bitcoin’s trend to know when to enter the market.
Ethereum sometimes moves independently, but don’t expect altcoins to withstand a market sell-off.
Bitcoin and USDT are like a seesaw. When USDT rises, BTC usually adjusts; if BTC surges too fast, quickly exchange some to USDT and lock in your gains.
Two time periods are especially critical:
From 0:00 to 1:00 AM, the market often experiences "spike" movements. Placing low-limit orders before bed might let you pick up bargains if luck is on your side.
From 6:00 to 8:00 AM, this period generally determines the day’s trend. If the market fell overnight but continues to fall in the morning, double down on your positions — it’s likely to rebound during the day. If it rose overnight and keeps rising in the morning, it’s time to sell — a correction may follow.
Don’t believe in the so-called "Black Friday" — gains or losses on Friday have occurred on both sides; news is the key factor.
If you have spare funds, build positions gradually to lower your average cost and recover your investment faster. If you don’t have spare funds, hold on — it’s not a big problem.
Ultimately, trading crypto tests patience and discipline. Wandering blindly is inefficient; it’s better to learn from experienced traders’ insights. Whether you can stand firm in the market depends on your execution ability.
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AltcoinMarathoner
· 8h ago
ngl this whole "timing the dip at 0-1am" thing is just dressed-up gambling rhetoric... real marathon runners don't sprint at midnight lol
Reply0
TokenomicsTinfoilHat
· 12-10 14:53
Eight digits sound impressive, but they're probably just all unrealized gains.
View OriginalReply0
Tokenomics911
· 12-10 14:52
Eight digits, huh? I feel like you're making up a story.
View OriginalReply0
LiquidatedDreams
· 12-10 14:24
The idea of adding to your position with your eyes closed is obviously a survivor bias.
Ten years in the crypto world, from messing around at 20 to 30, this year my account finally broke eight figures. Now I can stay in any hotel I want, blinking at a 2000 yuan per night room with my credit card. My luggage has the industry logo sticker, so I can meet peers wherever I go.
People often ask me how to make money trading cryptocurrencies. Actually, mindset is the top priority; technical skills come second. Over the years, I’ve summarized a few practical tips to share with friends who are still exploring the market:
Bitcoin is the market’s weather vane. When it’s still, altcoins are basically dead. Keep an eye on Bitcoin’s trend to know when to enter the market.
Ethereum sometimes moves independently, but don’t expect altcoins to withstand a market sell-off.
Bitcoin and USDT are like a seesaw. When USDT rises, BTC usually adjusts; if BTC surges too fast, quickly exchange some to USDT and lock in your gains.
Two time periods are especially critical:
From 0:00 to 1:00 AM, the market often experiences "spike" movements. Placing low-limit orders before bed might let you pick up bargains if luck is on your side.
From 6:00 to 8:00 AM, this period generally determines the day’s trend. If the market fell overnight but continues to fall in the morning, double down on your positions — it’s likely to rebound during the day. If it rose overnight and keeps rising in the morning, it’s time to sell — a correction may follow.
Don’t believe in the so-called "Black Friday" — gains or losses on Friday have occurred on both sides; news is the key factor.
If you have spare funds, build positions gradually to lower your average cost and recover your investment faster. If you don’t have spare funds, hold on — it’s not a big problem.
Ultimately, trading crypto tests patience and discipline. Wandering blindly is inefficient; it’s better to learn from experienced traders’ insights. Whether you can stand firm in the market depends on your execution ability.