#BTS 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 various activities such as ICOs, coin trading, mining, and exchanges.
Development history of the crypto world
1. Infancy Stage (2008-2010): On January 3, 2009, Satoshi Nakamoto mined the first batch of bitcoins, and the genesis block was born, marking the emergence of Bitcoin.
2. Growth period (2011-2014): In 2011, altcoins like Litecoin emerged, most of which were modified based on Bitcoin's code and gradually declined due to their single-functionality.
3. Expansion and Fork Period (2014-2017): Projects began to expand the applications of digital currencies, the decentralized exchange BitShares was born, and ICOs rose.
4. Confusion Period (2018): The market declined, entering a winter phase, and Bitcoin's market value shrank, but blockchain technology extended into non-commercial fields, marking the beginning of the 3.0 era.
5. Expansion Period (2019-2023): From niche to global, new phenomena such as DIFI, decentralized exchanges, and digital collectibles have emerged.
Review of the Bull Market in the Crypto World
• In 2010-2011, bitcoin rose from $0.0025 to $31.9 and lost 93% of its value in February 2012.
• In 2013, Bitcoin peaked at $265, followed by a 60% crash in a week; on November 30 of the same year, it reached a high of $1163, and then entered a 3-year bear market.
• On December 17, 2017, Bitcoin reached a high of $19660, then plummeted in 2018.
• In 2021, Bitcoin broke the 60,000 barrier twice, and in 2022 it entered a bear market.
• Bitcoin rebounded after falling to 15500 USD in 2023.
• In 2024, Bitcoin and mainstream coins will halve, and a bull market will arrive.
Bitcoin is expected to迎来 the next halving between March and June 2024.
Ways to make money in the crypto world
1. Exchange Arbitrage: An activity where exchanges collaborate with project parties to reward participants who stake platform tokens with new coin rewards.
2. Participate in airdrop: Get airdrop rewards by engaging with a product experience mindset.
3. DeFi mining: Provide liquidity to DeFi platforms to earn platform token rewards.
4. Project Mining: Participate in early project mining to obtain tokens, then trade or sell after they are listed on exchanges.
5. Arbitrage: Trading by utilizing the price differences between exchanges.
6. Spot trading: Buy coins at low prices and sell them at high prices.
7. Contract trading: Use high leverage for ultra-short trading to amplify profits.
Beginner's Guide
1. Learn Knowledge: First, improve your trading knowledge and don't rush to enter the market.
2. Spot Investment: After gaining a certain understanding, choose the right timing and coin to buy spot, set a target price, and sell after the price increases.
Market Analysis and Coin Selection
market judgment
1. When buying pressure is greater than selling pressure, prices rise. Rapid price increases are often due to significant positive news, while slow increases stem from long-term positive news.
2. When selling pressure exceeds buying pressure, prices drop. Rapid declines are often due to significant negative news, while slow declines are a result of long-term negative factors.
Factors that affect the price of the currency
News positives and negatives, technical upgrades, production changes, market sentiment, etc.
Potential coin selection
Understand coin information, market conditions, development trends, popularity, etc.
Path of Advanced Masters
1. Self-improvement: Continuously learn, operate, and accumulate experience.
2. Learn from experts: reduce mistakes and grasp trends.
The crypto world is high-risk; newcomers should learn and observe more, find a trading method that suits them, and reduce the cost of trial and error. When buying the dip, focus on lowering the cost of holding coins. If you want to learn in depth, you can join the advanced group to obtain spot layout strategies, market analysis, etc., and start your trading advancement journey.