Primary Guide to the 4 Major Currencies in the Current Market
💰 $BTC: The leader of the cryptocurrency market. Buy Bitcoin when you don't know what to buy.
💸 $ETH: The leader of the cryptocurrency ecosystem. If you understand the concept of value currency but are unsure what to buy, get ETH.
🚀 $SOL: If you believe in value currency but think ETH has no future, consider buying SOL.
🏦 $BNB: The leader of crypto trading platforms. If you want to purchase platform coins but don’t understand their mechanisms or history, buy BNB.
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Blockchain Basics
🔗 Blockchain: A decentralized ledger that records transactions by individual nodes.
🧱 Block: A page in the ledger.
📏 Block height: Ledger page number.
📜 White paper: A detailed introduction to the project, including background, technical vision, and occasionally team info.
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### Key Terms
💡 Whitelist: Early project options offered at a lower price. Watch out for whitelist scams!
🔄 Mint: Exchange or cast, often used in NFT scenarios.
🖼️ NFT: Small digital images that can be exchanged for money.
💬 Telegram: The software Telegram.
🏛️ CEX/DEX: Centralized vs. decentralized exchanges. CEXs are entity-operated with widespread info.
⚡ FOMO: Fear of missing out on market opportunities.
🚨 FUD: Spread of usually unconfirmed negative news.
4️⃣ "Ignore FUD": A motto from CZ, meaning ignore fear, uncertainty, and doubt.
⛽ GAS: On-chain transaction fee.
⚠️ CX: Abbreviation for pyramid schemes.
🎲 Degen: Speculators or on-chain gamblers.
🔍 DYOR: Do your research; a disclaimer from influencers and analysts.
📈 Adding positions: Buying more of an existing target.
📉 Unwinding: Returning the capital.
💰 Value capture: How much a project benefits its tokens.
🎮 GameFi: Embedding economic systems in games to attract gamblers and speculators.
🆔 KYC: Real-name authentication.
📑 Investment research: A broad term covering project mentions.
🔮 Oracle: Calls on traditional internet data resources.
🤑 A pattern: Profiting while holding.
😓 Get stuck: Holding during losses.
🐕 MEME: A randomly created token, often active and fully circulated online.
🧊 Cold wallet: A wallet stored offline.
🔥 Hot wallet: An online wallet storing private keys/mnemonics.
🔐 Mnemonics: Words that help you remember private keys.
🔑 Private key: Similar to a bank card password.
🔓 Public key: A wallet address.
📉 Impermanent loss: Value loss when withdrawing from a pool due to price changes.
🛠️ Primary market: Early stage, mainly for investment institutions.
💹 1.5-level market: Early-stage project with on-chain chips but not yet on centralized exchanges.
📊 Secondary market: Entering the centralized exchange stage.
💧 Liquidity: The ability to convert assets to cash without affecting market price.
⛏️ Liquidity mining: Earning fees by providing funds for liquidity.
🏛️ DAO: Distributed organization, community with rules and structure.
💵 OTC: Over-the-counter transactions, completed outside platforms.
👴 OG: "Elder" or "earliest" participants.
🐲 Pixiu: A coin that can be bought but not sold.
🔄 Left-side trading: Guessing market bottom/top for a reversal.
📈 Right-side trading: Following the trend.
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### Stay Informed and Make Smart Moves!
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