Understand the crypto world in one article

The crypto world is a niche community formed spontaneously by digital currency players. Although it is not large in scale, it encompasses a variety of activities such as ICOs, coin trading, mining, and exchanges.
Development History of the Crypto World
1. Budding Period (2008-2010): On January 3, 2009, Satoshi Nakamoto mined the first batch of bitcoins, and the genesis block was born, marking the advent of bitcoin.
2. Growth Period (2011-2014): In 2011, Litecoin and other altcoins emerged, most of which were modified from Bitcoin's code and gradually declined due to their single functionality.
3. Expansion and Forking Period (2014-2017): Projects began to expand the application of digital currencies, the decentralized exchange BitShares was born, and ICOs rose.
4. Confusion Period (2018): The market fell back, entering a winter, Bitcoin's market value shrank, but blockchain technology extended into non-commercial fields, ushering in the 3.0 era.
5. Expansion Period (2019-2023): Moving from niche to global, with new phenomena such as DIFI, decentralized exchanges, and digital collectibles.
Crypto world bull market review
• From 2010 to 2011, Bitcoin rose from $0.0025 to $31.9; in February 2012, its value dropped by 93%.
• In 2013, Bitcoin peaked at $265, then plummeted 60% in a week; on November 30 of the same year, it peaked at $1163, and subsequently entered a 3-year bear market.
• On December 17, 2017, Bitcoin peaked at $19660, then plummeted in 2018.
• In 2021, Bitcoin broke the 60,000 mark twice, and entered a bear market in 2022.
• Bitcoin rebounded to $15,500 after falling in 2023.
• In 2024, Bitcoin and major coins will halve, and a bull market will arrive.
Bitcoin is expected to undergo its next halving between March and June 2024.
Ways to make money in the crypto world
1. Exchange Arbitrage: An activity in collaboration between the exchange and project parties, where participants stake platform tokens to receive new coin rewards.
2. Participate in Airdrop: Engage with a product experience mindset to earn airdrop rewards.
3. DeFi mining: Provide liquidity to DeFi platforms to receive platform token rewards.
4. Project Mining: Participate in early project mining to earn tokens, then trade or sell them after they are listed on exchanges.
5. Arbitrage: Trading by taking advantage of price differences between exchanges.
6. Spot trading: Buy coins at a low price and sell them at a high price.
7. Contract trading: Use high leverage for ultra-short positions to amplify profits.
Beginner's Guide
1. Learn Knowledge: First, improve your trading knowledge, don't rush to enter the market.
2. Spot Investment: After gaining a certain understanding, choose the right time and coin to buy spot, set a target price, and sell after it rises.
Market Analysis and Coin Selection
Market Judgment
1. Prices rise when buying momentum exceeds selling, with rapid increases often due to significant positive news, while slow increases stem from long-term positive factors.
2. When the selling pressure is greater than the buying pressure, prices fall; rapid declines are often due to significant negative news, while slow declines stem from long-term negative sentiment.
Factors Affecting Coin Prices
News positive and negative, technical upgrades, changes in production, market sentiment, etc.
Selection of potential coins
Understand coin information, market conditions, development trends, popularity, etc.
The Path of Advanced Masters
1. Self-improvement: Continuously learn, practice, and accumulate experience.
2. Learn from experts: reduce pitfalls and grasp trends.
The risks in the crypto world are high, and newcomers should learn and observe more to find a trading method that suits them, thereby reducing trial and error costs. When buying at the bottom, focus on lowering the cost of holding coins. If you want to learn in depth, you can join an advanced group to get the spot layout strategies and market analysis for 2023 - 2024, and start your trading advancement journey. #GT