Many friends who are new to the market always ask me, when exactly is the virtual currency opening time.

Actually, this is the biggest advantage of the crypto world — there is no such thing as an opening time.

In the stock market, you have to look at the date; you have holidays like Labor Day, National Day, Spring Festival, and no trading on weekends.
But virtual currencies are completely different, open 24/7, 365 days a year.
Global users are spread across different time zones, so you can trade anytime and anywhere, and market fluctuations vary at different times.
This is also why many say that opportunities in the crypto world are more than in the stock market — because there is no closing time.

Because there are no limit-up or limit-down restrictions, the volatility of virtual currencies is indeed more exciting.
Last second, the price might still be high, and the next moment, it could plummet straight down; conversely, it could also suddenly take off.
This unrestricted liquidity makes trading more flexible, but also riskier.

The trading threshold is also much lower.
In A-shares, you need to buy at least 100 shares per lot, but in virtual currencies, you can buy small units like 0.0001 BTC, starting with just a few hundred yuan.
Plus, with T+0 trading system, you can buy whenever you want and sell whenever you want, with no T+1 restrictions.

Regarding specific orders, limit orders and market orders are fundamental.
A limit order is when you specify a price; for example, if BTC is now $6,500, and you want to buy at $6,300, you place a buy order at $6,300, and it will execute once the price drops to that level.
A market order, on the other hand, executes immediately at the current market price, fast but with potential price fluctuations.

In this market, you'll hear about bull and bear markets.
A bull market means the overall trend is upward, market outlook is optimistic, and it may last a long time.
A bear market is the opposite — the trend is downward, and the outlook is pessimistic.

The most testing aspect of human nature is profit-taking and stop-loss.
Profit-taking is simple: sell when you’ve made a profit to lock in gains.
But stop-loss is difficult; many prefer to hold and not admit losses.
The proper approach is to protect profitable positions and be ruthless in cutting losses on losing positions, but in practice, most people do the opposite, hoping for a turnaround with a lucky break.

Being trapped refers to buying in when the market doesn’t meet expectations, and prices keep falling, resulting in losses beyond acceptable levels.
Unwinding the position means the price later rebounds, turning losses into profits.
This process tests patience and mindset.

On the technical side, there are concepts of overbought and oversold.
Overbought means the price has risen too high, unsupported by fundamentals; RSI over 75% is considered overbought, usually indicating a correction.
Oversold is the opposite — when the price drops to an unreasonable level, RSI below 25%, suggesting a rebound may be imminent.

There are also some traps to watch out for in the market.
Pump-and-dump involves manipulators creating a false bullish trend to attract retail investors, then dumping the coin.
Bear trap is the opposite — creating a false bearish trend to induce selling, only for the price to rebound afterward.

Cutting losses is the most painful decision, but also a necessary skill.
Buying high and getting trapped, then selling low to cut losses, results in actual losses.
Many are reluctant to cut losses because they still hope the price will recover, but this mindset often leads to bigger losses.

Missing the opportunity is another regret — not buying when prices rise, or selling too early and missing out on gains.
These are common situations in crypto trading.
Because there is no opening time restriction, opportunities and risks can appear at any moment.