Beginner's Guide to Cryptocurrency: Understand Core Knowledge in 10 Minutes
1. The Essence of Trading Coins
Buy low and sell high to earn the difference, 24-hour trading + no price limit, BTC daily fluctuations can exceed 20%
2. Essential Tools
Exchange: Choose Binance / OKX / Huobi, be cautious with small platforms
USDT: 1 USDT ≈ 1 USD, trading intermediary (RMB → USDT → target coin)
3. 5 Essential Terms
Position: The proportion of funds used to buy coins
Take profit / Stop loss: Sell when making / losing money to a point
Bull market / Bear market: Rising / falling market
Going long / Going short: Buying up / buying down
Stuck: Price drops after buying
4. Rules to Avoid Risks
❌ Do not borrow money to trade coins
❌ Do not touch coins outside the top 50 by market cap
❌ Beginners should not trade contracts (100x leverage can lead to liquidation with a 1% drop)
5. Three Essential Elements for Beginners
Tools: Android phone (iPhone can easily lose certificates)
Funds: Use spare money that you won't need in 3 years
Mindset: Be prepared to lose all your capital
6. Basic Concepts
Bitcoin: Decentralized digital currency
Blockchain: Tamper-proof distributed ledger
Wallet: Tool for storing coins (software / hardware / online)
ICO: Project token crowdfunding
Final Reminder: The cryptocurrency market is not a casino; learn first, then experiment, and respect the market to survive.
If someone is confused due to market fluctuations and doesn't know how to deal with a stuck position, or feels misled during the operation, feel free to reach out to me for some operational advice!!! $BTC $ETH #比特币流动性危机 #ETH巨鲸增持 #下一任美联储主席人选
