Here are some tips for newcomers and veterans who have just come to the cryptocurrency circle, and some tips and rules for newcomers and veterans who have just come to the cryptocurrency circle:
1. In most cases, Bitcoin is the leader of the rise and fall of the cryptocurrency circle. Ethereum coins with strong quality sometimes break away from the influence of Bitcoin and go out of the unilateral market, and altcoins basically cannot escape its influence;
2. Bitcoin and USDT® move in opposite directions. If you find that USDT has risen, you must be alert to the fall of Bitcoin; when Bitcoin rises, it is the right time to buy USDT;
3. There is a tendency for pins to appear between 0:00 and 1:00 every day, so domestic coin friends can hang a buy price of their favorite coin as low as possible before going to bed, and hang a sell price as high as possible. Maybe the transaction will be completed and they will make money lying down;
4. 6-8 am every day is a time to judge whether to buy or sell, and it is also a time to judge the rise and fall of the day. If it has been falling from 0:00 to 6:00, it is easy to buy USDT. , it is still falling during this period, it is a good time to buy or cover the position, and it is basically rising on the same day. If it has been rising from 0 to 6 o'clock, and it is still rising during this period, it is a good time to sell, and it is likely to fall on the same day;
5. 5 pm is an important time for rumors in the world. Due to the time difference, American currency friends get up and work, which may cause fluctuations in the rise and fall of the currency. Some big rises or falls did happen at this time, so you must pay special attention;
6. There is a saying in the currency circle that "Black Friday." There have been a few cases where it happened to fall on Friday, but there have also been cases of big rises or sideways trading. It is not particularly accurate, so just pay attention to the news;
7. If the currency with a certain trading volume guarantee falls, don't worry. If you hold it patiently, you will definitely get your money back. It will take 3 or 4 days at the shortest and a month at the longest. If you have extra U, you can cover your position in batches to pull down the price, and you will get your money back faster. If you don't have extra money, just wait and wait, you won't be disappointed. Unless you really bought junk coins;
8. The same currency is traded in the spot market. The long-term holding of less transactions will bring greater returns than frequent transactions. It depends on whether you have the patience to hold it. I bought Dogecoin at 0.029, and it has increased more than 20 times since I held it, the highest increase among all coins.
9. Factors affecting the turbulence in the currency circle: 1) The attitude of various countries towards cryptocurrencies. If it is negative, there will basically be a wave of decline; 2) US financial policies, such as the recent news that it will impose capital gains tax on the rich.