- More
- Download
BiyaPay
Published on Updated on
Entering the cryptocurrency circle for the first time, buying crypto: 100 knowledge points that must be mastered, learn not to lose money first, then think about making money!
I. Basic Knowledge (15 items)
1. Proof of Work: Solve problems with computing power to win accounting rights, consumes electricity.
2. Consensus Mechanism: Blockchain rules that ensure consistency.
3. Smart Contracts: Programs that execute automatically when conditions are met.
4. Blockchain: Public immutable network ledger, transparent and fraud-proof.
5. Gas Fees: Service fees for transactions/applications on Ethereum, pay more for priority.
6. Proof of Stake: Accounting rights determined by holdings/duration, no computing power needed.
7. Encryption Algorithms: Encrypt information to maintain security.
8. Centralization: Single entity control, like CEX.
9. Decentralization: No single leader, power is distributed.
10. Genesis Block: The first block of a blockchain, the starting point.
11. Block: A "box" that stores transactions, linked to form a blockchain.
12. Fork: Blockchain rule divergence and branching, includes soft/hard forks.
13. Node: Terminal that stores ledger and verifies transactions, more nodes means safer.
14. Hash Rate: Mining calculation speed, faster hash rate under PoW makes mining easier.
15. Sharding: Split ledger to increase speed and solve congestion.
II. Core Assets (20 items)
Bitcoin: First cryptocurrency in 2009, "digital gold"
Altcoins: Cryptocurrencies other than Bitcoin.
Stablecoins: Pegged to fiat currency, stable price, used for risk hedging/trading.
Ethereum: Supports smart contracts and DApps.
Tokens: Blockchain digital vouchers representing assets/rights.
NFT: Non-fungible tokens, unique digital assets.
Meme Coins: Popular based on memes, no practical use, high price volatility.
Fork Coins: New coins from blockchain forks, like BCH.
Airdrop Coins: Projects distribute free coins to attract attention.
Platform Coins: Issued by exchanges/applications, provide rights/benefits.
Native Tokens: Blockchain's native coins, like ETH.
Candy: Small free tokens distributed by projects.
Token Standards: Token rules that ensure compatibility.
ERC-20: Ethereum's mainstream token standard, supports transfers/balance queries.
ERC-721: Ethereum's NFT standard, tokens are unique and non-divisible.
Digital Collectibles: NFTs in China, subject to regulation.
Metaverse: Virtual world where cryptocurrencies/NFTs are the economic core.
Mining Coins: Coins generated through mining.
Staking Coins: Lock coins to support network and earn interest.
Burn Coins: Projects delete coins to reduce circulation and support price.
III. Market Investment (25 items)
Bull Market: Market rises long-term, investors are optimistic.
Bear Market: Market falls long-term, investors are pessimistic.
Oscillation: Coin price fluctuates slightly up and down, no clear trend.
Waterfall: Coin price drops sharply in short term.
Rebound: Coin price rebounds briefly after dropping.
Pullback: Coin price adjusts briefly after rising.
Bottom Fishing: Buy at predicted bottom, easy to "fish at mid-mountain"
Escape at Top: Sell at predicted top, lock in profits.
Consolidation: Coin price moves sideways in a range.
Retail Investors: Newcomers easily get liquidated.
Trapped: Bought coin but price dropped, reluctant to sell at loss.
Break Even: Price returns to entry point after being trapped, no loss.
Take Profit: Sell after reaching profit target, lock gains.
Stop Loss: Sell when loss reaches limit to reduce losses.
Crash: Whales sell coins to suppress price and buy cheap.
Rally: Whales buy coins to push up price and attract followers.
Wash Trading: Whales control price to scare retailers and buy cheap.
Whales: Hold large amounts of coins, can influence price.
HODL: Crypto slang, hold coins long-term without selling.
FOMO: Fear of missing out, chase trades.
FUD: Spread negative news to create panic and force retailers to sell.
All-in: Invest all capital into one trade, high risk.
Dollar Cost Averaging: Buy fixed amounts at regular intervals to spread risk.
ICO: Initial coin offering, project's first coin sale, poor compliance.
Private Sale: Early project coins sold to specific investors, cheap price.
IV. Trading and Exchange (20 items)
Limit Order: Place a buy/sell order and wait for execution.
Cancel Order: Withdraw unexecuted limit order.
Execute: Buy/sell orders match, transaction complete.
Slippage: Difference between order price and execution price, more common in high volatility.
Centralized Exchange: Like Binance, custody coins, convenient.
Decentralized Exchange: Direct wallet-to-wallet trading, self-custody.
Trading Pair: Two-coin trading combination, shows price ratio.
Market Order: Execute at current price immediately, prioritizes speed.
Limit Order: Execute at set price, doesn't execute if price not reached.
Market Maker: Provide buy/sell orders to increase liquidity, earn spreads.
Liquidity: Market activity level, high liquidity means easier execution.
Liquidity Pool: DEX fund pool, deposit coins and earn trading fees.
Cross-chain: Transfer assets between different blockchains.
Cross-chain Bridge: Cross-chain tool, has hacking risks.
Withdraw: Transfer coin from exchange to wallet, enter correct address.
Deposit: Transfer coin from wallet to exchange, wait for confirmation.
Faucet: Distribute small free coins for experience.
OTC Trading: Peer-to-peer trading, suitable for large amounts.
Futures Trading: Bet on coin price up/down, can add leverage.
Margin Trading: Borrow funds to trade, gains/losses amplified.
V. Ecosystem and Applications (10 items)
DApp: Decentralized application, blockchain app, no control, data public.
DeFi: Decentralized finance, blockchain finance, no intermediaries.
DAO: Decentralized autonomous organization, token holders vote on decisions.
White Paper: Project documentation containing technology and plans.
Flash Loan: Uncollateralized lending, must be repaid in same transaction.
GameFi: Gaming finance, earn tokens by playing games, many have risks.
SocialFi: Social finance, social + finance, like token tipping.
Liquidity Mining: Deposit coins to pool, earn rewards.
Staking Mining: Lock coins to support network, earn interest.
MEV: Miner extractable value, miners earn by arranging transaction order.
VI. Security and Storage (10 items)
Cryptocurrency Wallet: Storage tool, manage private keys and send/receive coins.
Hot Wallet: Online wallet, convenient but risky, store small amounts.
Cold Wallet: Offline wallet, secure, store large amounts.
Public Key: Generate address, can be made public to receive coins.
Private Key: Password that controls assets, never leak or lose.
Wallet Address: "Door number" to receive coins, wrong address loses coins.
Seed Phrase: 12/24 words to recover wallet, store safely.
Keystore File: Encrypted recovery file, needs password to use.
Multi-signature: Multiple private keys must approve to transfer coins.
Phishing Link: Fake website that steals private keys/passwords.
Turn Small Capital into Million-Dollar Profits: Survival in Crypto is the Ultimate Law
Use Rules to Constrain Greed, Use Patience to Await Opportunity, This is the True Shortcut for Beginners to Succeed
I've seen too many people enter with thousands of dollars, dreaming of "doubling overnight," only to leave in defeat within two weeks. This story plays out every day in the crypto world.
But what makes me most proud is a recent beginner I coached—starting with 1200u, reaching 25,000u in four months, now maintaining over 38,000u, never experiencing a single liquidation or major loss. This isn't luck, but a core method I developed through real money losses and multiple failures.
Today I'll share the essence of this method with you. The key understanding is: in crypto, survival beats rapid profit.
1. Three-Part Capital Allocation: Lock Risk with Three Safeguards
Where do most beginners fail? They go all-in with no backup.
My first rule is: divide capital into three parts, like adding three locks to your funds. It's not about predicting price moves perfectly, but surviving through position management.
Using 1200u as example, I allocate like this:
First 400u for day trading: focus on one opportunity daily, exit decisively at 3-5% profit, never get greedy. Day trading's core isn't maximizing returns, but accumulating steady small wins and building market intuition.
Second 400u for swing trading: patiently wait for clear trends before acting. Swing trading's essence is "shoot only when certain," not trying to catch every fluctuation, only targeting opportunities with risk/reward ratios exceeding 1:3.
Third 400u as emergency fund: never use lightly. This isn't just psychological comfort; it's seed capital to reverse fortunes in extreme volatility. Most people lose emotionally because they lack this final safeguard.
Position management doesn't limit returns; it ensures you always have another round to play. In my experience, traders strictly following three-part allocation survive at three times the rate.
2. Only Eat the Fish Body, Avoid the Head and Tail
Crypto trades sideways 80% of the time, has clear trends only 20%. Most lose money trading sideways, paying commissions away their capital.
My method for beginners is simple: no clear trend, wait patiently.
For example, if major coins consolidate over three days, I recommend turning off the app and avoiding market noise. We enter only when price breaks key moving averages or resistance/support with volume confirmation.
Trend trading core philosophy: miss opportunities rather than make mistakes.
In my system, after 20% profit, I withdraw 30% immediately. This locks gains and builds positive psychological loops.
Many beginners don't understand why I make them miss "opportunities." My answer: opportunities are everywhere in crypto; what's scarce is keeping capital in the market. Only eat the middle section, avoiding the risks of both ends.
3. Use Rules to Lock Emotions, Not Feelings to Trade
Crypto's biggest enemy isn't the market, it's our inner demons.
I've seen too many people (including my younger self) add to losing positions blindly and exit winners too early—all emotion-driven. The only solution is replacing emotion with rules.
My trading system has three ironclad rules, no exceptions:
1. Stop loss always at entry price minus 2%. Triggered = exit unconditionally, even if price rebounds later, never regret. Small losses are your admission ticket to stay in the game.
2. After 4% profit, close half position, lock gains, let remainder run. Avoids premature exits while controlling risk.
3. Never add to losing positions. Many fall into "averaging down" trap, turning small losses to large ones. In my system, no losing position gets added to.
These rules seem simple, but 90% of beginners violate at least one in the first two weeks. Our brains aren't wired for trading; only rules and discipline ensure long-term survival.
I have every student write these rules and post them above their monitor. The highest level of making money is letting rules bear emotional weight.
4. Small Capital Snowball Effect: Steady Progress, Step by Step
Growing 1200u to 38,000u isn't achieved through one or two miracle trades, but steady progress, one step at a time.
Many beginners mistakenly believe "small capital should gamble big"—the deadliest error. Precisely because funds are limited, you can't withstand major drawdowns.
In my system, risk/reward ratio is always first consideration. Before each trade, we clearly define: potential profit vs. potential loss. Only trades with 1:3+ ratios are considered.
BiyaPay makes crypto more popular!
Contact Us
Mail: service@biyapay.com
Customer Service Telegram: https://t.me/biyapay001
Telegram Community: https://t.me/biyapay_ch
Digital Asset Community: https://t.me/BiyaPay666
Community
Regulation Subject
BIYA GLOBAL LLC
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.
©2019 - 2026 BIYA GLOBAL LIMITED