How do beginners buy Bitcoin? Just three steps from novice to entry!
In recent years, the popularity of Bitcoin has been continuously rising, and many people have developed a strong interest in it. However, as a beginner, you may face the following questions: • What is Bitcoin? Why are so many people discussing it? • How to start trading Bitcoin? • Which platform is safe and suitable for beginners?
Today, I will teach you step by step how to progress from a novice to a beginner player in the crypto world in the simplest way, all done in three steps!
Step 1: Understand the basic concepts of Bitcoin
Bitcoin is a decentralized digital currency, originally proposed by Satoshi Nakamoto, aimed at establishing a payment system that allows free circulation worldwide without the involvement of banks.
I started from scratch as a poor university student, personally moving from A4 to A6, having been deceived (qnmlgb) and also helped (unfortunately, even big shots can decline). Later, I realized I could only rely on myself and am still learning.
Step 1: Learn to access the internet scientifically. This step trips up many people.
Step 2: Learn to find information channels. Basic types: X, Doubao.
Professional types: marketCAP, etc.
Step 3: Learn basic knowledge, understand some fundamental principles, and utilize the channels from step 2.
Step 4: The most important step, learn to build logical thinking and discern right from wrong. Some can start here, and some can lose everything here; the fundamental reason is this step. This is true in any field, but in the early days of the cryptocurrency world, even fools could make money, leading outsiders to think this circle is easy to navigate. It's not that easy now. PS: Those who proactively promote you here are sharks; please use your brain, I don't recruit people either.
Step 5: Actually, this is the same reasoning as step 4; to put it simply, it's about dialectical logical thinking. Never resist new things! Especially in the crypto world. Initially, I was guided by several big shots, but later, some died and others were hurt. Ultimately, the dragon-slaying youth becomes the evil dragon. The world, especially the rapidly changing crypto world, is always in flux; this is the charm of this circle. Also, don’t idolize me; if I don’t adapt, I will certainly face my own demise one day.
Attention cryptocurrency novices! These books will turn you into an 'experienced driver' in no time.
Want to enter the cryptocurrency world to make money but don't know where to start? Don't worry, an experienced driver will recommend a few 'secret books' that will definitely help you get started quickly and avoid detours! Why is reading so important? * From novice to expert: If you want to thrive in the cryptocurrency world, you need real skills! Reading can help you systematically learn blockchain knowledge, so you won't be in the dark. * Pitfall Guide: The cryptocurrency world is deep, and there are many scammers. Reading can help you recognize various tricks and avoid being taken advantage of. * Gain Knowledge: Want to chat in cryptocurrency groups? Want to have a laugh with the big shots? Reading can help you gain knowledge and become an 'intellectual' in the community.
The daily chart of BNB/USDT shows a price surge to 773.82 USDT, with a 24-hour increase of up to 20.40%. From the candlestick perspective, this wave of rise is very sudden, with significantly increased volume, directly breaking through multiple moving average resistances, and the market enthusiasm is high.
In the tone of Lu Xun, this market trend is like a long-suppressed spring thunder, suddenly breaking the silence with a loud bang. This is not just a surge in numbers, but also a release of market sentiment. Those who trade cryptocurrencies often fantasize about getting rich overnight, yet few ask whether this rise is driven by capital or a frenzy of retail investors. KOLs shout "the bull market is here," but is it truly an entry opportunity or a trap for retail investors?
From the technical indicators, the RSI is already in the overbought zone, and the MACD is also rising rapidly, suggesting there may be short-term adjustment pressure. For holders, one must be cautious of profit-taking after the surge; for observers, do not blindly chase the high. When the tide recedes, we will see who is swimming naked.
Suggestions
• Short-term players: consider reducing positions at highs to secure profits. • Long-term holders: observe the strength of the adjustment and pay attention to the support at 700-720. • New viewers: do not miss out on the rise out of fear, and do not fall into the trap out of greed.
"One day in the crypto world is like a year in the human world." Caution is essential; otherwise, this prosperity may vanish in an instant.
Market Analysis: XRP Soars 42.71%, Soaring to the Sky
$XRP At this moment, XRP's price is fixed at 2.7136 USDT, with a daily increase of 42.71%. This is not merely an increase; it is like sitting directly on a rocket. However, within this wave of rising prices lies the greed and panic of human nature, just like the character Ah Q in Lu Xun's writing; behind the exuberance may be an approaching storm.
Technical analysis: Moving average system: Short-term moving averages (MA5, MA10): The price is clearly above the moving averages, indicating strong short-term bullish momentum. Medium to long-term moving averages (MA20, MA30): Overall divergence upwards; the bullish trend remains unchanged. BOLL Bollinger Bands: The current price is near the upper band of the Bollinger Bands; a breakout of the band may require short-term adjustments.
The two most important elements in trading and investment are the target and the position. Even if you pick a hundred times coin, if your position is light, even if it rises a hundred times with an investment of 1000 yuan, it will only be 100,000 yuan, which still doesn't change much for you.
Bitcoin has risen 90 million times in 14 years, but if you have zero position, even if you knew early on, it would still be in vain by now.
Someone proposed a strategy for catching hundred times coins, which is to choose your top 100 favorites, invest 100 yuan in each, totaling 10,000 yuan, and leave it for two cycles to see. If one of these hundred is a hundred times coin, then you break even; if there are two, then you double your profit.
Some have taken this strategy a step further and come up with a bold idea to buy all the coins on the exchanges in the entire crypto market for 100 yuan each.
JoyID + Lightning Network: The Future of Decentralized Payment Experience
In the fields of blockchain and decentralized finance (DeFi), the efficiency of payments and user experience has always been the core focus of major projects. While Bitcoin serves as a decentralized asset with unique value storage capabilities, its transaction speed and fees limit its application in everyday payments. To achieve broader payment scenarios for Bitcoin, Nervos CKB has proposed an innovative combination of JoyID and Lightning Network, granting Bitcoin decentralized payment experiences with new possibilities. 1. JoyID: Building Trustless Decentralized Authentication JoyID is a decentralized identity (DID) solution on Nervos CKB that simplifies the user authentication process through a passkey mechanism. Unlike traditional private key management, JoyID manages accounts through passkeys, allowing users to avoid remembering complex private keys or mnemonic phrases, instead completing identity verification through a series of secure validations. This design significantly enhances user experience, enabling ordinary users to easily participate in blockchain activities while maintaining decentralized security.
Blocking all cryptocurrency bloggers online, your chances of success are already more than half, then learn K-line by yourself, learn to analyze news trends, and be able to read data; making money is a high probability event. If you can also learn to use wallets, mine, and take advantage of opportunities, it’s not a problem to make several hundred thousand if you’re lucky. As for professional teachers, you can also pay a little as a lesson learned.
With the rapid expansion of the decentralized finance (DeFi) ecosystem, the role of Bitcoin in financial innovation has gradually gained attention. However, due to Bitcoin's limited smart contract capabilities, it faces many restrictions on traditional financial protocols. The RGB++ protocol of Nervos CKB provides an innovative solution, enabling the Bitcoin ecosystem to achieve cross-chain, bridge-less circulation and multi-asset management, bringing revolutionary possibilities to BTCFi (Bitcoin Finance). 1. What is the RGB++ Protocol? The RGB++ protocol is an important technological innovation within the Nervos CKB ecosystem, allowing Bitcoin assets to be cross-chain mapped within the CKB network, and providing a high degree of interoperability and flexibility. Through RGB++, Bitcoin users can create and manage various assets on the Layer 2 network of CKB, enabling seamless connections for cross-chain DeFi applications, thereby breaking through the traditional limitations of the Bitcoin network.
Nine out of ten contracts are pitfalls, and one is a big pitfall. For newcomers, don't think about making money when playing with contracts, just make less losses. If you want to do contracts and make money in them, you need to be fully prepared and learn, and once you get emotional, it is easy to trade impulsively, leading to irrational trading decisions. Panic closing, greed, adding positions, etc. are common mistakes made by novices.
In the continuous development of blockchain technology, Bitcoin, as the earliest blockchain project, still possesses unparalleled advantages in security and decentralization. However, the scalability issue of Bitcoin remains a key challenge limiting its application scenarios. Against this backdrop, Nervos CKB proposes an innovative Layer 2 solution, providing a more scalable and interoperable ecosystem for the Bitcoin network. 1. PoW + UTXO: The combination of security and transparency CKB adopts the PoW (Proof of Work) and UTXO (Unspent Transaction Output) model, which aligns with Bitcoin's underlying structure, making it an ideal extension of the Bitcoin ecosystem. The PoW mechanism ensures the decentralization and censorship resistance of the network, while the UTXO model guarantees the traceability and transparency of assets. On Nervos CKB, users can enjoy Bitcoin-level security while implementing richer application scenarios through smart contracts.
Second half of 2026: Short positions ° Take profit. Stage bottom ambush: BTC, ETH, quality new projects, layout for a small bull (oversold rebound in a bear market)
Three, layout for a new round of bull market in 2028-2029. Summary: Follow the crypto cycle and trends closely, stable and efficient compound investment ° to achieve exponential growth of assets.
As a newcomer, Bitcoin and Ethereum are the first choices. Over a decade of experience in the field tells me that over 90% of the time, it’s about switching back and forth between Bitcoin and Ethereum.
This is not to say that other currencies are bad. Summarizing nearly a decade of cryptocurrency development, aside from Bitcoin and Ethereum, the vast majority end up at zero.
Spot trading is different from playing contracts; you can buy ups and downs. As long as there is volatility, there are opportunities to make money.
Therefore, choose one or two currencies, trade them long-term, strictly adhere to trading rules, and timely cut losses and take profits; compared to diversifying into many currencies, the overall return rate will be much higher; moreover, it avoids being caught in a loss due to certain black swan events.
Bitcoin is often referred to as "digital gold" because it has holding value, and many other cryptocurrencies are "tied" to the price of Bitcoin.
Ethereum is more commonly viewed as "digital currency" because it has lower costs and entry points.
Ethereum’s advantage can be considered as follows: besides the payment function similar to Bitcoin, Ether also has more application scenarios: allowing users to avoid intermediaries like lawyers, banks, and central controlling institutions.
Therefore, as long as the crypto market does not crash, these two currencies will always be the industry benchmark and are the most worthy of investment and holding!
Additionally, you can look at the leading categories of altcoins and popular currencies.
The bull market has arrived, high volatility, currently BTC 400 points profit has been taken, continue with ETH strategy;
So, as long as the crypto market does not crash, these two currencies will always be the industry benchmark and are the most worthy of investment and holding!