This is a chance for a turnaround in my life. How many people spend their whole lives only to see this opportunity slip by! Or they may not have it at all! One day in the crypto world is like ten years in the real world.
This is not an empty talk. 'The crypto world is a place that easily makes people have faith.'
A violent bull market will start in 2025; 2025-2026 will be extremely violent, unimaginable!!
The 50 knowledge points that must be mastered when entering the crypto world for the first time, learn to avoid losses first, then think about making money!
The crypto world is not a casino; it’s a battlefield!
Some become rich overnight while others lose everything, simply because some enter the market with brains while others run in naked with 'greed'!
Many people dive into the crypto world hoping to get rich overnight, but they don't even understand some basic concepts, on-chain data + can't understand, candlestick charts + can't.
Can observe how market makers harvest retail investors without knowing, and deserve to be taken advantage of by project parties.
Today I summarized 50 entry-level knowledge points that beginners must master, learn to avoid losses first, then think about making money. If your capital is gone, the crypto world has nothing to do with you.
Got it.
[Basic Concepts Chapter]
1. What is a block: A decentralized ledger, transaction records are public across the network; to change data, you first need to hack 51% of the computers on the network.
2. Public chain/Private chain/Consortium chain: Public chains (like BTC, ETH) are open to everyone; private chains (like internal company chains) require permission; consortium chains (like Ripple) are small circles of several institutions.
(like Ripple) is a small circle of several institutions.
3. Token and Coin: Coin is 'currency' (like BTC), Token is 'points' (like UNISWAP's UNI); don't be misled by projects.
To mislead others.
4. What is DeFi: Decentralized finance, replacing banks with code; can lend, can manage wealth, but if the code has vulnerabilities? Then the money is gone.
5. NFT is not JPG: It is proof of digital ownership, but don't touch 'air NFTs'; before buying, ask yourself: who can I sell this to?
[Trading Skills Chapter]
6. Spot vs. Futures: Spot is 'buying cabbage'; futures is 'leveraging to bet on cabbage prices'; beginners should start with spot trading.
7. Candlestick charts are a must-watch: Bullish candles (up), bearish candles (down), moving averages (average cost line); don't be dazzled by the 'red and green'.
8. Support/Resistance Levels: A price drop to a certain point and then a rebound is called support; a rise to a certain point and then a fall is called resistance; this is 'psychological warfare'.
9. Trading volume: A large increase may signal a drop, a decrease may signal a rise; but don't memorize it blindly; it should be combined with trends. 10. Stop-loss and take-profit: Run when expected gains are reached; if it hits the stop-loss line, like 10%, just cut losses; don’t be greedy; what the crypto world has the most is 'opportunities'.
Can.
[Risk Control Chapter]
11. Private key = lifeline: If you lose your private key, the coins are gone; don’t store it in cloud drives, don’t take screenshots; use a hardware wallet.
12. Confirm withdrawal: When withdrawing from an exchange to a wallet, first transfer 0.0001 as a test; confirm arrival before transferring large amounts.
13. Stay away from shitcoins: Coins with names containing 'Dog', 'Shib', or 'Floki' are 99% likely to be 'air coins'; don't be a retail investor.
14. Beware of 'teachers': Those who take you to 'buy the dip' or 'sell the top' are either scammers or fools; there are no 'stock gods' in the crypto world.
15. Don't use leverage: With 10x leverage, a 10% drop can lead to liquidation; don't bet your entire fortune on tomorrow.
[Ecological Awareness Chapter]
16. Bitcoin is 'digital gold': A total of 21 million coins, resistant to inflation, the eternal anchor of the crypto world.
17. Ethereum is the 'operating system': DeFi, NFTs, games all run on it, but gas fees are a bit high and throughput is a bit low.
18. Layer 2 is a 'highway': Solves Ethereum congestion, like Arbitrum, Optimism; low transaction fees, fast speed.
19. Cross-chain bridge = 'portal': Transfer coins from Ethereum to BNB Chain using a cross-chain bridge, but don't use small platforms; they are easy to be hacked.
20. Stablecoin = 'digital dollar': USDT, USDC, DAI, pegged 1:1 to the dollar, but USDT has over-issuance risk. [Mindset Chapter]
31. Don't FOMO: If you see a coin rising, don't rush to chase it; it may be a pump-and-dump.
32. Don't FUD: If you hear negative news, don't rush to sell; it may be a washout.
33. Don't go All in: Invest with spare money; don't sell your house or borrow money to trade coins.
34. Long-termism: BTC has increased a million times in ten years, but 99% of people can't hold on due to frequent trading.
35. Learn to take breaks: Don't be greedy in a bull market, don't panic in a bear market; crypto trading is 24 hours, but your heart isn't.
[Advanced Chapter]
36. Staking mining: Deposit coins into a DeFi platform to earn interest, but be aware of 'impermanent loss'.
37. Liquidity mining: Provide liquidity to trading pools to earn fees, but don't touch high-yield ones; they may be 'Ponzi schemes'.
38. NFT Play: Buy blue-chip projects (like BAYC, CryptoPunks), don't buy junk NFTs.
39. GameFi: Earn money while playing games, but check the economic model; don't play capital pool games.
40. DAO: Decentralized Autonomous Organization, decision-making through token voting, but don't participate in 'small DAOs'; they can be easily manipulated.
[Slang Chapter]
41. 'All in': Gambling behavior.
42. 'Airdrop': Free coins, but don't trust 'prepaid airdrops'; they are scams.
43. 'Rug pull': Project party runs away, coin price drops to zero.
44. 'Whales': Addresses with large amounts of coins; their every move affects coin prices.
45. 'Washing': The main force deliberately crashes the market to scare away retail investors.
