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50 Key Points to Master When Entering the Crypto World: Learn to Avoid Losses First, Then Consider Making Money!#

The crypto world is not a casino, but a competitive battlefield.

Some become rich overnight, while others lose everything; the key lies in whether one enters rationally, rather than blindly chasing greed.

Many impulsively enter the crypto world in pursuit of wealth, yet they do not understand basic concepts, cannot interpret on-chain data or candlestick charts, and are even unaware of how market makers operate, ultimately becoming the ones left holding the bag for projects.

This article summarizes 50 essential knowledge points for beginners, aiming to help you first learn to avoid losses, and then pursue profits. Once your principal is lost, the crypto world will have nothing to do with you.

【Basic Concepts】

1. What is Blockchain: A decentralized distributed ledger where transaction records are publicly and transparently available across the network; altering data requires controlling 51% of the network's computing power.
2. Public Chain/Private Chain/Consortium Chain: Public chains (like BTC, ETH) are open for everyone to use; private chains (like internal enterprise systems) require permission to access; consortium chains (like Ripple) are maintained by multiple institutions.
3. Difference Between Token and Coin: A coin is a native cryptocurrency (like BTC), while a token is a currency issued by a project (like UNI from UNISWAP); be wary of project hype.
4. Definition of DeFi: Decentralized finance, which replaces traditional banking functions with smart contracts, supporting lending and wealth management, but code vulnerabilities can lead to financial losses.
5. Essence of NFT: As a digital proof of ownership, not just ordinary images; avoid investing in “air NFTs” that have no real value and assess their liquidity.

【Trading Skills】

6. Spot vs. Contract Trading: Spot trading involves directly purchasing assets, while contracts involve leveraged price speculation; beginners are advised to start with spot trading.
7. Basics of Candlestick Charts: A bullish candle indicates a price increase, while a bearish candle indicates a price decrease; moving averages reflect average costs; avoid being misled by colors.
8. Support and Resistance Levels: Support is a price rebound point, while resistance is a price pullback point, reflecting market psychological battles.
9. Volume Analysis: A surge in volume may indicate a pullback, while a decrease in volume may suggest a rebound; comprehensive judgment should consider overall trends.
10. Stop-Loss and Take-Profit Strategies: Exit promptly upon reaching target profits, set stop-loss lines (e.g., 10%) to control risks; there are many opportunities in the crypto world, so avoid greed.

【Risk Management】

11. Importance of Private Keys: Private keys control asset ownership; losing them means permanent loss; avoid storing them on cloud drives or screenshots; hardware wallets are recommended.
12. Withdrawal Safety Steps: When withdrawing from exchanges to wallets, first test with a small amount to confirm receipt before transferring larger sums.
13. Beware of Meme Coin Risks: Tokens with names containing “Dog,” “Shib,” or “Floki” are often worthless projects; participate cautiously.
14. Identifying False Guidance: “Mentors” claiming to be able to “buy the dip” or “sell the top” are usually untrustworthy; there are no absolute authorities in the crypto world.
15. Leverage Risk Warning: With 10x leverage, a 10% drop can lead to liquidation; avoid investing your entire fortune.

【Ecosystem Awareness】

16. Bitcoin's Positioning: As “digital gold,” with a total supply of 21 million coins, it has anti-inflation properties and serves as a benchmark in the crypto world.
17. Role of Ethereum: As an “operating system,” it supports DeFi, NFTs, and gaming applications, but faces issues of high gas fees and low throughput.
18. Layer 2 Solutions: Such as Arbitrum and Optimism, aim to alleviate Ethereum congestion, providing low fees and fast transactions.
19. Cross-Chain Bridge Functionality: Used for asset transfers across chains (e.g., Ethereum to BNB Chain); choose reliable platforms to prevent hacking.
20. Stablecoin Characteristics: Such as USDT, USDC, and DAI, pegged 1:1 to the US dollar, but be aware of the risks of USDT's over-issuance.

【Project Analysis】

21. White Paper Review: Focus on project goals, profit models, and team backgrounds; prioritize reading the original English version over translations.
22. Token Economic Model: Analyze total supply, distribution mechanisms, and lock-up rules; avoid tokens with unlimited issuance.
23. On-Chain Data Applications: Monitor the number of holding addresses, transaction volumes, and large transfers; data may be manipulated, so interpret cautiously.
24. Community Engagement Assessment: Observe Twitter followers and Telegram group activity; distinguish between genuine discussions and marketing hype.
25. Competitive Product Comparison Methods: For example, compare the security of Aave and Compound, or the performance differences between Solana and Avalanche.

【Tools】

26. Exchange Selection: Such as Binance, OKEx, Coinbase; beginners should start with spot trading and avoid contracts and leverage.
27. Wallet Management: Recommended wallets include MetaMask and TP Wallet; keep private keys secure and do not store them on exchanges.
28. Market Analysis Software: CoinGecko and CoinMarketCap for viewing rankings, market caps, and trading volumes.
29. On-Chain Browsers: Etherscan and BscScan for checking transaction records and address details.
30. News Platforms: CoinDesk and The Block, focusing on in-depth analysis rather than clickbait content.

【Mindset】

31. Avoid FOMO Emotions: Do not blindly chase prices when they rise; beware of pump-and-dump traps.
32. Resist FUD Influence: Do not panic sell during negative news; it may be a wash trading tactic.
33. Reject All-In Strategies: Only invest spare money, avoiding borrowing or selling property to trade crypto.
34. Adhere to Long-Termism: Bitcoin has shown significant growth over ten years, but frequent trading can lead to missed opportunities.
35. Take Breaks When Needed: Do not be greedy in bull markets or panic in bear markets; the market operates 24/7, but prioritize mental and physical health.

【Advanced Topics】

36. Staking Mining Mechanism: Earn interest by depositing coins through DeFi platforms, but be aware of “impermanent loss” risks.
37. Liquidity Mining Operations: Provide liquidity to trading pools to earn transaction fees; beware of high-yield Ponzi schemes.
38. NFT Investment Strategies: Prioritize blue-chip projects (like BAYC and CryptoPunks) and avoid low-value NFTs.
39. GameFi Participation Points: Combine gaming with earnings, assess the rationality of economic models, and steer clear of Ponzi schemes.
40. DAO Operating Principles: Decentralized autonomous organizations make decisions through token voting; avoid small DAOs that can be easily manipulated.

【Crypto Jargon】

41. “Going All In”: Betting everything, which is a high-risk gambling behavior.
42. “Airdrop”: Free distribution of tokens; beware of scams requiring upfront payments.
43. “Rug Pull”: When project teams abscond, causing the token price to plummet to zero.
44. “Whale”: Addresses holding large amounts of tokens, whose movements can influence the market.
45. “Wash Trading”: When major players intentionally suppress prices to drive out retail investors.

【Historical Events】

46. March 12 Crash: On March 12, 2020, Bitcoin plummeted 50% in a single day, leading to massive liquidations.
47. May 19 Market Crash: On May 19, 2021, the crypto market collectively fell, with DeFi locked value halving.
48. Luna Collapse Case: In 2022, the algorithmic stablecoin Luna went to zero, evaporating $40 billion in market value.
49. FTX Collapse Incident: In 2022, the world's second-largest exchange, FTX, went bankrupt, and its founder was arrested.
50. Bitcoin Halving Pattern: The supply is halved every four years; history shows a drop before halving and a rise afterward, but dynamic analysis is needed.

These 50 knowledge points stem from practical experience, mastering them can help you avoid detours.

Core Insight: The crypto world is a domain where cognition is monetized, and profits stem from a deep understanding of the world.

Mastering Basic Tools is Key to Success!#

With numerous projects in the crypto world, it is essential to clarify investment targets and strategies.

Blind trading is not sustainable; this article recommends commonly used tools to assist in decision-making.

Note: The following tool website links are not provided; please search for them yourself.

1. SpotOnChain#

Crypto investment is not limited to exchanges; some tokens require on-chain analysis.

On-chain tools can provide deep data insights.

This platform supports on-chain information reporting, address relationship visualization, and monitoring alerts.

It can track institutions, smart money, and KOL addresses, with a database covering hundreds of well-known entities.

Used to analyze the funding movements of venture capital or large institutions.

2. Arkham#

Arkham is another on-chain analysis tool with comprehensive features.

It supports alerts, tracking, and address transaction monitoring, but currently does not support Solana chain data.

3. Crypto Deal Flow#

Project financing amounts often reflect institutional confidence, indicating potential for price increases.

This website provides project financing history queries, suitable for English users.

Chinese users can opt for Rootdata, but be aware that its crowd-sourced model may lead to information bias.

(4) Token Unlocks

Focuses on token unlock data queries, covering mainstream projects.

The free version is limited to 7 days of data; unlock information usually ferments in the community beforehand, so following relevant media can supplement information.

(5) Coinmarketcap

The core function is token price queries, including data on mainstream cryptocurrencies.

It provides metrics like circulation and FDV, and categorizes tokens by sector.

(6) Dex Screener

Focuses on price and candlestick analysis of low-market-cap meme coins.

It is an essential tool for participating in such projects.

(7) DefiLlama

A Web3 data platform covering DeFi, stablecoins, and NFT metrics.

Widely used for investment decisions, supporting in-depth data analysis of TVL across various chains and projects.

Time management is key to success.

Data shows that young people spend an average of 2.8 hours daily on short videos (accumulating 1022 hours a year), 456 hours a year scrolling through social media during commutes, and 300 hours a year shopping during lunch breaks—time loss stems from unconscious habits.

These fragmented times are enough for beginners to transform into professional traders within three years, as exemplified by a student who earned 100,000 yuan monthly last year.

Second, choice is greater than effort.

Comparative case: Worker Zhang San spends every night scrolling Douyin, reading novels, and playing games; awakened Li Si reviews candlestick charts and learns trading knowledge every night.

Two years later, Zhang San may gain weight and incur losses from copy trading; while Li Si may establish a stable profit system, with side income surpassing his main job.

Student Liang Liang utilized commuting and lunch break time to earn a 137% annual salary through gold trading in 2024.

If you want to replicate success, here is a systematic growth path.

Third, Stage 1: Understanding the Market

Spend 1 month mastering three core skills:

First Skill: Candlestick Interpretation

(Image 1: Assignment 3 from the "Basics" section—Candlestick Basics Assessment)

You need to understand the price fluctuation patterns reflected by candlesticks and analyze the underlying line logic.

(Image 2: Assignment 2 from the "Naked Candlestick" section—Price Action Basics Assignment)

Distinguish between trend candlesticks (bullish/bearish dominant) and non-trend candlesticks (bull-bear stalemate).

• Trend Candlesticks: Break through key levels, marking the start or continuation of a trend.
• Non-Trend Candlesticks: Direction is unclear, easily leading to impulsive trades.

Second Skill: 12 Golden Candlesticks and Signal Candlesticks, Entry Candlesticks

(Image 3: Horizontal 12 Golden Candlestick Wallpaper)

12 Golden Candlesticks: A high-win-rate candlestick combination available for free.

Signal Candlesticks: Indicate entry timing, such as reversal candlesticks.

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

Entry Candlestick: The decision point for executing trades, with signal candlesticks serving as the preparation phase.

Third Skill: Basic Candlestick Patterns and Structures

You need to judge market conditions through patterns: trend direction, phases, and intervention strategies.

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

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

For example, identify bull flags, bear flags, trading ranges, etc., and analyze pullback levels and trend starting points.

(Image 7: Deliberate Practice in the Training Camp: Chande Theory Trend Types)

Or use Chande Theory to analyze centers, trend types, and termination methods, assessing trend value.

This stage requires integrating knowledge points to lay the foundation for practical application.

Fourth, Stage 2: Deliberate Practice

Transform knowledge into skills, advancing in three steps:

Step 1: Market Analysis (Reading Charts)

(Image 8: Chande Theory & Trend Type Chart Reading)

(Image 9: Price Action Chart Reading)

Combine the first three skills to answer key questions: trend direction, entry points, and ambush positions.

Step 2: Identify Trading Opportunities

(Image 10: Deliberate Practice in the Training Camp: Opportunity Marking)

(Image 11: Deliberate Practice in the Training Camp: Opportunity Marking)

Backtrack historical data, marking all potential entry points (e.g., shorting at wedge tops, entering at FB structures).

Step 3: Define Trading Preferences

Through extensive practice (50-200 charts), summarize high-win-rate patterns.

(Image 12: Trading System & Win Rate Records)

(Image 13: Trading System & Win Rate Records)

Form a preliminary trading system, recording basic win rates and profit-loss ratios.

Fifth, Stage 3: Real Market Validation

Once the system matures, start with a small real account of 100 yuan:

Objectives:

1. Overcome loss mentality.
2. Compare real market data with review results (e.g., win rate, profit-loss ratio).

Requirements:

1. Only execute trades within the system.
2. Attempt each logic a maximum of two times.

Result Handling:

• If data deviation is large (e.g., win rate drops sharply), investigate technical issues (e.g., rule violations or new unverified strategies) and return to Stage 2 for iteration.
• If data approaches review values (restoration rate above 70%), it indicates system effectiveness.

System growth requires iterative optimization until stability is achieved.

Professional guidance can accelerate the process, but self-practice is equally viable. With persistence over a year, one can expect to achieve a monthly income of 100,000 yuan and regain the value of time.

Efficiently utilizing time: While others wait for bubble tea, you analyze data; while others rush to buy, you calculate arbitrage opportunities—this is a competition for the pricing power of time.

In 2025, with candlesticks as your pen and volatility as your ink, write the path to financial freedom.

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Related Reading#

2025 China's Top Ten Virtual Currency Trading Platforms Latest Rankings Are Out 🔥【Worth Collecting】

【Real Stories of Getting Rich in Crypto】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?

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