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50 Key Points Every Newbie in the Crypto World Must Learn

#爆仓#DeFi被动收入#Bybit跟单入门#Gate新手上路必看#OP空投教程66
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The document outlines 50 essential knowledge points for newcomers to the cryptocurrency space, emphasizing the importance of understanding the basics before attempting to make profits. It highlights that the crypto market is not a gamble but a battlefield where some succeed while others fail due to lack of knowledge. Key sections include: 1. **Basic Concepts**: Definitions of blockchain, public/private/consortium chains, the difference between tokens and coins, the essence of DeFi, and the value of NFTs. 2. **Trading Skills**: Understanding spot vs. futures trading, K-line basics, support and resistance levels, the significance of trading volume, and the importance of setting stop-loss and take-profit levels. 3. **Risk Management**: The critical nature of private keys, safe withdrawal practices, caution against scam tokens, recognizing fraudulent "mentors," and the risks of leverage. 4. **Ecosystem Awareness**: Bitcoin as "digital gold," Ethereum's role, Layer 2 solutions, cross-chain bridges, and the nature of stablecoins. 5. **Project Analysis**: Importance of reading whitepapers, understanding tokenomics, verifying on-chain data, assessing community engagement, and comparing similar projects. 6. **Tools**: Recommendations for exchanges, wallets, market tracking software, blockchain explorers, and news platforms. 7. **Mindset**: Avoiding FOMO and FUD, not going all-in, adhering to a long-term investment strategy, and recognizing the need for breaks. 8. **Advanced Topics**: Staking, liquidity mining, NFT investment strategies, GameFi, and DAO operations. 9. **Crypto Terminology**: Definitions of common terms like "all-in," "airdrop," "rug pull," "whales," and "wash trading." 10. **Historical Events**: Notable market crashes and their impacts, including the 2020 BTC crash and the 2022 FTX collapse. The document concludes by stressing that success in crypto requires a solid understanding of the market

50 Essential Knowledge Points for Entering the Crypto World: Learn to Protect Your Capital First, Then Consider Making Profits!#

The crypto world is not a casino; it is a battlefield!

Some become rich overnight, while others lose everything. The key lies in some entering with wisdom, while others come in with greed!

Many blindly chase wealth into the crypto world without even understanding the basic concepts: they can't read on-chain data, can't analyze candlestick charts, and don't even understand how market makers harvest retail investors, ultimately becoming the ones left holding the bag.

Today, Old Zhao has summarized 50 essential entry points for beginners. First, learn to protect your capital, then think about profits. Once your capital is gone, the crypto world has nothing to do with you.

【Basic Concepts】

  1. What is Blockchain: A decentralized public ledger where transaction records are publicly available across the network, and altering data requires controlling 51% of the nodes.
  2. Public Chain/Private Chain/Consortium Chain: Public chains (like BTC, ETH) are open to everyone; private chains (like those within companies) require permissions; consortium chains (like Ripple) are shared among multiple institutions.
  3. Difference Between Token and Coin: Coin is "currency" (like BTC), Token is "points" (like UNI), be wary of projects that confuse these concepts.
  4. The Essence of DeFi: Decentralized finance replaces banking functions (lending, wealth management) with code, but code vulnerabilities can lead to financial losses.
  5. The Value of NFT: A digital proof of ownership, not just a regular image. Avoid "air NFTs"; think before investing: who will be the buyer?

【Trading Skills】

  1. Spot vs. Futures: Spot is direct asset purchase, futures are leveraged bets on price fluctuations; beginners are advised to start with spot trading.
  2. Basics of Candlestick Charts: Bullish candles (up), bearish candles (down), moving averages (average cost line); avoid being misled by red and green colors.
  3. Support and Resistance Levels: Points where prices bounce back are called support, and points where prices fall back are called resistance; essentially a psychological game in the market.
  4. Significance of Trading Volume: A surge in volume may indicate a downturn, while a drop in volume may suggest a rebound; must analyze trends comprehensively.
  5. Stop Loss and Take Profit: Exit promptly when target profits are reached, decisively leave when stop-loss levels (like 10%) are hit; the crypto world is never short of new opportunities.

【Risk Control】

  1. Importance of Private Keys: Private keys are the lifeline of assets; losing them means permanent loss. Avoid storing them in cloud drives or screenshots; prioritize using hardware wallets.
  2. Withdrawal Safety Steps: Withdraw from exchanges to wallets, first test with a small amount (like 0.0001), confirm receipt before transferring larger amounts.
  3. Beware of "Meme Coins": Tokens with names containing "Dog," "Shib," or "Floki" are 99% likely to be scams; stay away from such traps.
  4. Recognize "Mentor" Scams: "Experts" claiming to help you "buy the dip" or "sell the top" are often scammers. There are no perpetual "stock gods" in the crypto world.
  5. Risks of Leverage: With 10x leverage, a 10% drop can lead to liquidation. Never bet your entire fortune.

【Ecosystem Awareness】

  1. Bitcoin's Positioning: "Digital gold," with a total supply of 21 million coins, its anti-inflation properties make it a value anchor in the crypto world.
  2. Ethereum's Role: An "operating system" supporting DeFi, NFTs, games, etc., but with high gas fees and limited concurrency.
  3. Layer 2 Solutions: Such as Arbitrum and Optimism, solve Ethereum congestion issues, providing low fees and fast transactions.
  4. Cross-Chain Bridge Functionality: Enables asset transfers across chains (like Ethereum to BNB Chain); choose mainstream platforms to avoid security risks.
  5. Nature of Stablecoins: "Digital dollars" (like USDT, USDC, DAI) pegged 1:1 to the dollar, but be cautious of USDT's over-issuance risks.

【Project Analysis】

  1. Read the White Paper: Understand the project's goals, profit model, and team background; prioritize reading the original English version over translations.
  2. Token Economic Model: Focus on total supply, distribution mechanisms, and lock-up rules; avoid tokens with unlimited issuance.
  3. On-Chain Data Verification: Analyze the number of holding addresses, transaction volume, and large transfers; data is real but may be manipulated.
  4. Community Heat Assessment: Observe Twitter followers and Telegram group activity; beware of "pump and dump" schemes, focus on genuine discussions.
  5. Competitor Comparison Method: For similar projects (like Aave vs. Compound lending protocols, Solana vs. Avalanche public chains), compare safety, speed, and other metrics.

【Tools】

  1. Exchange Selection: Binance, OKEx, Coinbase, etc.; beginners should start with spot trading, avoiding futures and leverage.
  2. Wallet Usage: MetaMask (Little Fox), TP Wallet, etc.; keep private keys secure, do not store them on exchanges.
  3. Market Tracking Software: CoinGecko, CoinMarketCap; check rankings, market cap, and trading volume data.
  4. On-Chain Explorers: Etherscan, BscScan; used to verify transaction records and address holdings.
  5. News Platforms Recommendation: CoinDesk, The Block; focus on in-depth analysis, beware of clickbait content.

【Mindset】

  1. Avoid FOMO: Don't blindly chase prices during surges; beware of traps set for selling at highs.
  2. Resist FUD: Don't panic sell when negative news arises; guard against wash trading operations.
  3. Reject All In: Only invest spare money; avoid borrowing or selling property to trade crypto.
  4. Adhere to Long-Termism: Bitcoin has seen massive gains over ten years, but frequent trading causes most to miss out on profits.
  5. Learn to Take Breaks: Don't be greedy in bull markets, and don't panic in bear markets. The crypto world operates 24/7, but your mind and body need balance.

【Advanced Topics】

  1. Staking Mining: Earn interest by depositing tokens through DeFi platforms; be aware of "impermanent loss" risks.
  2. Liquidity Mining: Provide liquidity to trading pools to earn fees; stay away from high-yield Ponzi schemes.
  3. NFT Investment Strategies: Focus on blue-chip projects (like BAYC, CryptoPunks), avoid low-value NFTs.
  4. Participating in GameFi: Earning while playing requires examining economic models; beware of Ponzi-like games.
  5. DAO Operations: Decentralized autonomous organizations make decisions through token voting; avoid participating in easily manipulated small DAOs.

【Crypto Jargon】

  1. "Going All In": Betting everything, a high-risk gambler's behavior.
  2. "Airdrop": Free distribution of tokens; beware of scams requiring upfront fees.
  3. "Rug Pull": When project teams run away, causing tokens to become worthless.
  4. "Whale": Addresses holding large amounts of tokens; their movements impact the market.
  5. "Wash Trading": Major players intentionally suppress prices to shake out retail investors.

【Historical Events】

  1. 312 Crash: On March 12, 2020, BTC dropped 50% in a single day, triggering massive liquidations.
  2. 519 Massacre: On May 19, 2021, cryptocurrencies collectively crashed, halving the locked value in DeFi.
  3. Luna Collapse: In 2022, the algorithmic stablecoin Luna became worthless, evaporating $40 billion in market value.
  4. FTX Collapse: In 2022, the world's second-largest exchange, FTX, went bankrupt, and founder SBF was arrested.
  5. Bitcoin Halving: The production rate halves every four years; history shows "drop before halving, rise after," but dynamic analysis is needed.

These 50 knowledge points stem from the hard-earned lessons of the crypto world. Save this article to avoid taking three years of detours!

Remember: The crypto world is not a money printer; it is a cognitive battlefield. Every profit comes from your understanding of the world.

Master Basic Tools and Start Your Crypto Journey!#

With numerous projects in the crypto world, clarifying investment targets and strategies is crucial.

Blindly following trends will not lead to lasting success.

Below are the trading tools I frequently use to help you make efficient decisions.

Note: Due to platform restrictions, links to tools in this article need to be searched via Google.

1. SpotOnChain#

Crypto investment is not limited to exchanges. Many tokens cannot be purchased on exchanges, and whales often transfer assets on-chain.

On-chain analysis tools can reveal more market information.

SpotOnChain provides on-chain data reporting, address relationship visualization, monitoring alerts, and more. It can track institutional addresses, smart money addresses, and KOL holdings. Its database includes hundreds of influential addresses, including venture capital firms and CEX, helping you gain insights into large fund movements.

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2. Arkham#

Arkham is also an on-chain analysis tool, offering alerts, tracking, and address transaction analysis. Compared to SpotOnChain, I prefer its interface, but unfortunately, it does not support Solana chain data.

3. Crypto Deal Flow#

The scale of project financing often reflects institutional optimism, indicating potential for price increases. You can check the financing history before investing. This tool is suitable for English users; Chinese users are recommended to use Rootdata, but be aware that its crowd-sourced model may lead to information bias.

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(4) Token Unlocks

Focuses on token unlock data queries, covering most mainstream tokens. Free users can only view 7 days of data; large unlocks usually ferment a month in advance, requiring membership for complete information. Chinese media often summarize monthly unlock dynamics for supplementary reference.

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(5) Coinmarketcap

The core function is tracking cryptocurrency prices, listing mainstream token prices, circulation, FDV, and categorizing by sector for easier research.

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(6) Dex Screener

Focuses on real-time prices and candlestick analysis of low-market-cap meme coins, an essential tool for trading meme coins.

(7) DefiLlama

A Web3 data aggregator providing on-chain metrics in DeFi, stablecoins, NFTs, etc. Users can query TVL and other data by chain and project, assisting investment decisions. Widely used by both institutions and retail investors.

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Have you ever thought: who is harvesting your time?

QuestMobile data shows that young people spend about 2.8 hours daily scrolling through short videos (accumulating 1022 hours a year); commuting while browsing social media costs 456 hours a year; shopping during lunch breaks costs 300 hours a year... the time killer is often our unconscious selves!

These fragmented times are enough for a novice to transform into a professional trader in three years. For example, last year's student Xiao Jia now earns 100,000 a month.

Second, choice is greater than effort.

Compare two professionals: Zhang San spends 1 hour each night on Douyin, 40 minutes reading novels, and plays 3 games; Li Si spends 1 hour reviewing candlestick charts, 40 minutes listening to trading courses, and writes trading logs. Two years later: Zhang San's gaming rank improves, weight increases, and he may lose 60,000 due to following trades; Li Si establishes a stable trading system, with side income far exceeding his main job.

Student Liang Liang (pseudonym) uses commuting time to review candlestick charts and tests models during lunch breaks, earning 137% of his annual salary through gold trading in 2024. If you desire to replicate this path, I will share my growth experiences and the methodology of the training camp.

Third, Stage 1: Understanding the Market

Spend 1 month mastering three elements:

Element 1: Candlesticks

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(Figure 1: "Basic Section" Assignment 3 - Candlestick Basics Assessment)

Candlesticks are a visual tool for price fluctuations. You need to go beyond basic understanding and grasp the logic of line fluctuations behind candlesticks (as shown in Figure 1).

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(Figure 2: "Naked Candlestick Section" Assignment 2 - Price Action Basics)

Differentiate between trend candlesticks (bullish/bearish) and non-trend candlesticks (as shown in Figure 2). Trend candlesticks indicate breakouts or trend continuations; non-trend candlesticks suggest uncertain direction, and blindly entering can lead to losses.

Element 2: 12 Golden Candlesticks and Signal Candlesticks, Entry Candlesticks

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(Figure 3: Horizontal 12 Golden Candlesticks Wallpaper)

12 Golden Candlesticks: A summary of 12 high-win-rate candlestick combinations (as shown in Figure 3, high-definition images can be obtained from the public account).
Signal Candlesticks: Indicate entry timing, such as turning candlesticks among the 12 Golden Candlesticks.
Entry Candlesticks: Trigger points for executing trades (as shown in Figure 4), with signal candlesticks being the preparation stage and entry candlesticks being the action stage.

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(Figure 4: Bullish Trend Candlestick & Bearish Trend Candlestick & Effective Entry Candlestick)

Element 3: Basic Candlestick Patterns and Structures

You need to answer from the chart: Is there a trend currently? What phase is the trend in? What is the following strategy? What is the ambush position? Relying solely on the first two points is insufficient; you must combine knowledge of patterns and structures.

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(Figure 5: Deliberate Practice in the Training Camp: All Price Action Patterns)

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(Figure 6: Deliberate Practice in the Training Camp: All Price Action Patterns)

For example, in price action, you need to quickly identify bull flags, bear flags, terminal flags, pullback types, etc. (as shown in Figures 5 and 6), and locate their trend associations.

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(Figure 7: Deliberate Practice in the Training Camp: Types of Trends in Chan Theory)

In Chan theory, you need to identify the central area, trend types, termination methods, etc. (as shown in Figure 7), to assess trend value. Just like building a house, single-point skills (like candlestick recognition) need to be combined into a complete system.

At this point, Stage 1 is complete. Enter Stage 2: Deliberate Practice.

Fourth, Stage 2: Deliberate Practice

Transform knowledge into skills through practical exercises.

Step 1: Chart Reading

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(Figure 8: Deliberate Practice in the Training Camp: Reading Charts Using Chan Theory & Trend Types)

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(Figure 9: Deliberate Practice in the Training Camp: Reading Charts Using Price Action)

Analyze the chart to answer: What is the current market state? What is the trend direction? What is the intervention strategy? (as shown in Figures 8 and 9). Connect the three elements from Stage 1 to draw conclusions.

Step 2: Identify All Trading Opportunities

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(Figure 10: Deliberate Practice in the Training Camp: Identify All Opportunities)

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(Figure 11: Deliberate Practice in the Training Camp: Identify All Opportunities)

Conduct a retrospective analysis, marking all potential opportunities (as shown in Figures 10 and 11). For example: shorting at the top of a rising wedge in the early stages of a downtrend; shorting during a non-terminal downtrend with an FB structure; going long at the bottom of a trading range in the early stages of an uptrend.

Step 3: Determine Core Trading Types

After practicing on 50-200 charts, summarize preferences (like specific pattern reversals) and high-win-rate models (like high 2 being better than high 1). Gradually form the prototype of a trading system (as shown in Figures 12 and 13).

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(Figure 12: Deliberate Practice in the Training Camp: Write Your Own Trading System & Basic Win Rate)

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(Figure 13: Deliberate Practice in the Training Camp: Write Your Own Trading System & Basic Win Rate)

Fifth, Stage 3: Real-World Validation

Once the system is initially formed, conduct a real-world test with 100 yuan:

  • Goal 1: Deliberately incur losses to overcome fear.
  • Goal 2: Compare real-world data with retrospective data (like win rate, profit-loss ratio).

Requirements:

  1. Only trade opportunities within the system.
  2. Limit to two entries per logic (initial + one "revenge").

Result Analysis:

  • If real-world data (like a 40% win rate, 1.3 profit-loss ratio) deviates significantly from retrospective data (70% win rate, 1.8 profit-loss ratio), common issues include: impulsive trading, breaking discipline, adding unverified strategies, or cross-period operations.
  • Solution: Technical issues require returning to Stage 2 to iterate the system (integrating new skills), then re-enter Stage 3 for continuous optimization.
  • If data is close (like a 70% restoration rate), it signals success.

This method is based on personal experience and validation from over ten training camps. Those with sufficient budget can seek professional coaches; self-practitioners can achieve a monthly income of 100,000 within a year, reclaiming time sovereignty.

While others spend 30 minutes on bubble tea, some use their phones to validate non-farm payrolls and gold fluctuations; while you scramble for low-priced goods in live streams, others calculate Bitcoin ETF arbitrage opportunities—this is not competition, but a struggle for time pricing power.

In 2025, let us use candlesticks as pens and fluctuations as ink to write the path to financial freedom outside of 8 hours.

Limited-Time Offer—New Users Register for a Guaranteed 20+ U Bitcoin Blind Box 🎁#

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Related Reading#

The Latest Ranking of the Top 10 Virtual Currency Trading Platforms in China for 2025 🔥【Worth Collecting】

【Real Wealth Stories in the Crypto World】Many people ask me how I went from 0 to 11 million and then to a debt of 100,000 after years of trading crypto?

🔥🔥🔥 Alpha Finds Useful Tools for Dog Trading#

1️⃣ Axiom Dog Trading Tool https://axiom.trade
2️⃣ Gmgn Dog Trading Tool https://gmgn.ai
3️⃣ dbot Dog Trading Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com

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