2025-12-26 19:23:34

Just entering the crypto world and feeling confused? Don't worry. Master these 50 knowledge points, and you can basically avoid big pitfalls. Making money later will come naturally.

**Basic Concepts You Need to Understand First (15 points)**

Blockchain, simply put, is a distributed ledger where all transactions are recorded, open, transparent, and unchangeable. This technology is the underlying foundation of cryptocurrencies. Without it, there would be no today's crypto scene.

Bitcoin is the big brother of the crypto world. As the first cryptocurrency, it has the highest market recognition and is often compared to "digital gold." BTC has scarcity and store-of-value properties, which is why it has lasted until today.

There are two types of wallets—cold wallets are offline storage, extremely secure but cumbersome to operate; hot wallets are connected to the internet, convenient but with relatively higher risk. Choose based on your needs.

A private key is like your wallet's "master key." With the private key, you can control all assets inside. This must be kept securely; losing or leaking it would be a huge loss.

A public key is generated from the private key through an algorithm and can be shared openly. It is used to receive cryptocurrencies. Think of it as your "identity label."

An address is a string of characters generated based on the public key, serving as the "door number" for transfers. A typo can send your money flying away, so double-check carefully.

Ethereum is a large platform with smart contract functionality. Most crypto projects are built on Ethereum, with a wide range of application scenarios.

The term "altcoin" is somewhat pejorative; it actually refers to all cryptocurrencies other than Bitcoin, including Ethereum, Litecoin, and various other projects. Some altcoins, though started later, have impressive technology or application scenarios.

Stablecoins are pegged to the US dollar, with relatively stable prices. They are convenient for hedging risks or as trading pairs. You will often encounter some well-known ones in the market.

These concepts may seem complicated at first, but you'll get used to them after a while. The key is not to go all-in too quickly. First, solidify your basics, and the road ahead will be smoother.

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ZenChainWalker

· 5h ago

Keeping the private key safe is truly a painful lesson. One of my buddies was too talkative and shared it with others, and he disappeared without a trace. Before going all-in, you really need to think it through. Don't blame the crypto world; mainly, it's because you didn't do enough homework. This article covers basic skills, but most people come in wanting to get rich quickly and can't settle down to learn. Stablecoins are indeed useful and essential for hedging risks, but don't rely on them too much. It's another old story with 50 knowledge points. How many people truly master them? Cold wallets are really secure, though a bit troublesome, but it's worth it.

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MevTears

· 18h ago

Basically, don't gamble with your hard-earned money. Understand the basics first. Losing your private key is truly worse than death. I have a friend who suffered like that. All in is a terminal illness; it needs to be changed. 50 knowledge points? I think 10 are enough to help newcomers avoid pitfalls. The explanation of stablecoins is good, otherwise your mentality will explode every day. Choosing a wallet really depends on whether you want to sleep well or operate frequently—it's a trade-off.

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ChainBrain

· 18h ago

My private key is lost, and I will be socially dead. This thing really must be kept absolutely secret. --- 50 knowledge points? Man, that might take until the Year of the Monkey, better to understand the private key and address first. --- All in is a original sin. I only got into this trap because I was eager to make money, and I’m still climbing out. --- Cold wallets are really troublesome, but thinking about those who got stolen from, it’s better to stay offline honestly. --- Shanzhai coins sound nice, but most of them are just to cut leeks. Be cautious, brothers. --- Stablecoins have saved me several times. When the market is bad, hiding in them makes life much easier.

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SchroedingerGas

· 18h ago

Another post claiming "50 knowledge points to cure all diseases," sounds good but when something really happens, you still have to learn the hard way. Private keys really can't have any negligence; I've seen too many people lose their assets forever due to a moment of carelessness. All-in statements are just for listening; in the crypto world, there's no guaranteed win, only poets who get caught. Regarding addresses, you really need to be careful. One wrong letter and your funds are gone. Copying and pasting has saved me several times. Stablecoins look stable but shouldn't be overly trusted. Anything can happen in the crypto space. I've seen too many projects with "stability" collapse. Wallet security is more important than anything else. Cold wallets are a bit more troublesome but give peace of mind. I also use hot wallets, but I don't keep large amounts in them.

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FlashLoanPrince

· 18h ago

Honestly, 50 knowledge points? Come on, only about five or six can really make money, the rest are just for show. I'm still a bit worried about private keys, I almost... never mind, I won't say. Cold wallets and hot wallets, I use them all, but it feels a bit troublesome. I still habitually go all in for convenience, after all, fate is predetermined. If the address misses one letter, the money is gone? Should have been more careful, I’ve been burned like that before. Stablecoins are really stable, but the returns are also so stable that it's hard to watch. I still prefer to play with more volatile assets.

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FrontRunFighter

· 18h ago

nah this "just learn 50 concepts and you'll avoid losses" pitch is exactly how they get you... the real dark forest shit happens after you think you know the basics, tbh

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ChainMaskedRider

· 18h ago

Damn, I lost my private key once and never dared to be careless again. Now I store everything in cold wallets. It’s indeed troublesome but gives peace of mind. It seems simple but is actually a trap. Many newbies don’t even understand the difference between an address and a public key and start transferring funds. Only after losing money do they regret it. Going all in is really a newbie’s standard; you have to suffer a big loss to understand what risk management really means. Reading about 50 knowledge points is useless; you really need to learn from actual experience and step on the pitfalls one by one. The Ethereum ecosystem is so competitive now that I don’t even know which project to choose. Anyway, following the trend always ends in losses. Stablecoins sound stable but have also failed before. No matter what they’re pegged to, they can’t withstand a sudden plunge. Your private key is your lifeline; you can’t afford any slip-up. I’ve memorized mine now. No matter how well the blockchain theory is explained, it can’t compare to the thrill of real trading. They are all basic concepts, but mastering them all takes a lot of time. Anyway, I’m still confused right now. Choosing the wrong wallet type—cold or hot—is another way to lose money.

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