Having been in the crypto world until now, my biggest realization is: don't think about getting rich overnight, first think about how to survive. When a bull run really comes, having coins in hand is the key.



I am 35 this year and started playing in the crypto world 11 years ago. From 2021 to 2023, my account has reached 8 digits. To speak frankly without pretending—my life is much easier compared to my peers born in the 80s who are in traditional businesses or e-commerce.

Over the years of struggle and experience, I have summed up 8 iron rules. They are still useful now and work every day:

**First, BTC is the baton of the entire market.** ETH can occasionally be strong and have some independent trends, but the other 99% of altcoins? They are basically BTC's followers, and it is fundamentally impossible for them to be independent.

**The second point, BTC and USDT are like a seesaw.** When you see the price of U rising, BTC is likely to fall; conversely, when BTC is on the rise, it’s just the right time to exchange for U. This pattern has proven to be reliable.

**Thirdly, it's easiest to get liquidated between midnight and 1 AM.** So I always set my orders before going to bed, setting low buy and high sell in advance. Many times I've woken up after a good night's sleep to find that my orders were executed automatically; the feeling of making money while lying down is just too great.

**Article 4, look for direction between 6-8 AM.** The logic is simple: if it has been declining from midnight to 6 AM, but continues to decline during this time period, there is a high probability that it will rise that day, and you can enter the market or add to your position; if it has been rising from midnight to the morning and continues to rise during this time period, it basically indicates that a correction is likely that day, and it's time to exit.

**Article 5, pay close attention at 5 PM.** Due to the time difference, Americans are just getting up at this time, and the market often experiences severe fluctuations at this point. Sudden surges and drops can happen during this time.

**Article 6, "Black Friday" is not superstition.** There have indeed been several cases of Friday crashes in history, but it is not always accurate. Just consider it as a supplementary signal and do not treat it as the main basis for judgment.

**Article 7: Don't panic when a coin with good liquidity drops.** As long as the project itself hasn't turned into garbage, there's no need to fear a drop. I've experienced it countless times; sometimes it takes just three or four days to break even, and at most a month. If you have spare cash, you can average down in batches; if you don't, just be patient and wait. Usually, recovery is quite fast.

**Article 8: Making money in spot trading requires less hassle.** For the same coin, frequent buying and selling is often worse than just holding onto it. I bought Dogecoin at 0.09 and have held onto it without selling, and now it has increased more than 20 times. Many newcomers don't struggle with choosing coins; they struggle with holding onto them.

The market rules have always been there; the key is whether you can stick to your principles and not let emotions lead you by the nose.
BTC-1.69%
ETH-1.65%
DOGE-3.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)