Primary Guide to the 4 Major Currencies in the Current Market

๐Ÿ’ฐ $BTC: The leader of the cryptocurrency market. Buy Bitcoin when you don't know what to buy.

๐Ÿ’ธ $ETH: The leader of the cryptocurrency ecosystem. If you understand the concept of value currency but are unsure what to buy, get ETH.

๐Ÿš€ $SOL: If you believe in value currency but think ETH has no future, consider buying SOL.

๐Ÿฆ $BNB: The leader of crypto trading platforms. If you want to purchase platform coins but donโ€™t understand their mechanisms or history, buy BNB.

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Blockchain Basics

๐Ÿ”— Blockchain: A decentralized ledger that records transactions by individual nodes.

๐Ÿงฑ Block: A page in the ledger.

๐Ÿ“ Block height: Ledger page number.

๐Ÿ“œ White paper: A detailed introduction to the project, including background, technical vision, and occasionally team info.

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### Key Terms

๐Ÿ’ก Whitelist: Early project options offered at a lower price. Watch out for whitelist scams!

๐Ÿ”„ Mint: Exchange or cast, often used in NFT scenarios.

๐Ÿ–ผ๏ธ NFT: Small digital images that can be exchanged for money.

๐Ÿ’ฌ Telegram: The software Telegram.

๐Ÿ›๏ธ CEX/DEX: Centralized vs. decentralized exchanges. CEXs are entity-operated with widespread info.

โšก FOMO: Fear of missing out on market opportunities.

๐Ÿšจ FUD: Spread of usually unconfirmed negative news.

4๏ธโƒฃ "Ignore FUD": A motto from CZ, meaning ignore fear, uncertainty, and doubt.

โ›ฝ GAS: On-chain transaction fee.

โš ๏ธ CX: Abbreviation for pyramid schemes.

๐ŸŽฒ Degen: Speculators or on-chain gamblers.

๐Ÿ” DYOR: Do your research; a disclaimer from influencers and analysts.

๐Ÿ“ˆ Adding positions: Buying more of an existing target.

๐Ÿ“‰ Unwinding: Returning the capital.

๐Ÿ’ฐ Value capture: How much a project benefits its tokens.

๐ŸŽฎ GameFi: Embedding economic systems in games to attract gamblers and speculators.

๐Ÿ†” KYC: Real-name authentication.

๐Ÿ“‘ Investment research: A broad term covering project mentions.

๐Ÿ”ฎ Oracle: Calls on traditional internet data resources.

๐Ÿค‘ A pattern: Profiting while holding.

๐Ÿ˜“ Get stuck: Holding during losses.

๐Ÿ• MEME: A randomly created token, often active and fully circulated online.

๐ŸงŠ Cold wallet: A wallet stored offline.

๐Ÿ”ฅ Hot wallet: An online wallet storing private keys/mnemonics.

๐Ÿ” Mnemonics: Words that help you remember private keys.

๐Ÿ”‘ Private key: Similar to a bank card password.

๐Ÿ”“ Public key: A wallet address.

๐Ÿ“‰ Impermanent loss: Value loss when withdrawing from a pool due to price changes.

๐Ÿ› ๏ธ Primary market: Early stage, mainly for investment institutions.

๐Ÿ’น 1.5-level market: Early-stage project with on-chain chips but not yet on centralized exchanges.

๐Ÿ“Š Secondary market: Entering the centralized exchange stage.

๐Ÿ’ง Liquidity: The ability to convert assets to cash without affecting market price.

โ›๏ธ Liquidity mining: Earning fees by providing funds for liquidity.

๐Ÿ›๏ธ DAO: Distributed organization, community with rules and structure.

๐Ÿ’ต OTC: Over-the-counter transactions, completed outside platforms.

๐Ÿ‘ด OG: "Elder" or "earliest" participants.

๐Ÿฒ Pixiu: A coin that can be bought but not sold.

๐Ÿ”„ Left-side trading: Guessing market bottom/top for a reversal.

๐Ÿ“ˆ Right-side trading: Following the trend.

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### Stay Informed and Make Smart Moves!

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