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This 39-year-old me, started getting involved in crypto trading at age 31. By the 24-25 year cycle, my capital reached eight figures, and now my net worth has exceeded 50 million. How is life these days? Basically, I check a few contracts at market open every day, and I hardly worry about money matters when I go out. Over the years, I haven't experienced many business disputes between people, so I have relatively few worries. I believe this experience is worth summarizing carefully.
To say what is most important in trading cryptocurrencies, mindset always ranks first, while technical skills are secondary.
**Some Observations on the Trends in the Crypto Market**
Bitcoin is the most reliable indicator of the overall market trend in most cases. But there are exceptions—some fundamentally solid coins can sometimes break away from Bitcoin’s influence and develop independent trends. As for altcoins, they are generally under Bitcoin’s control.
Another interesting phenomenon: Bitcoin and USDT tend to move inversely. When USDT is rising? Be alert that Bitcoin might be about to fall. Conversely, when Bitcoin is strong, it’s often a good time to accumulate USDT at low prices.
**Some Patterns Regarding Timing**
The time between 0:00 and 1:00 AM is particularly prone to price spikes. Crypto enthusiasts in China can take advantage of this window—placing a buy order at a relatively low desired price before sleep, and a sell order at a relatively high price. Maybe you wake up to a completed trade, and that’s a passive profit.
The period from 6:00 to 8:00 AM is a critical judgment window. You can see some clues during this time: if the market has been falling from 0:00 to 6:00 and continues to fall during this period, it’s a good opportunity to buy or add to your position, as the market will likely rebound that day. Conversely, if it has been rising earlier and continues to rise, it’s a strong signal to sell, and a correction is likely to happen that day.
Also, pay special attention at 5:00 PM. This time has a sort of "legend" status. Due to time zone differences, traders in the US start their operations around then, which can easily trigger market volatility. Many big rises and falls have occurred at this time, so stay alert.
Regarding "Black Friday," there’s a saying in the crypto world. Sometimes there are big drops on Fridays, but there are also Fridays with big gains or sideways movement; the accuracy isn’t high. Instead of superstitiously relying on this, it’s better to pay more attention to news and information.
**About Positioning Strategies**
A coin with sufficient trading volume, even if it drops, shouldn’t cause too much worry. As long as you hold patiently, you will generally recover your investment. Short-term, it might turn around in 3 or 4 days; long-term, it could take a month. If you still have idle USDT, you can buy in batches to lower your average cost, which will help you recover faster. If you don’t have extra funds, just wait—it won’t disappoint you.
For spot trading, holding the same coin long-term with less frequent trading often yields higher returns than frequent short-term trades. The key is whether you have the patience to hold on.