Just stepping into the world of cryptocurrency and feeling confused by all the jargon and abbreviations? Don't worry. As long as you understand these basic concepts, you'll be able to confidently speak up in the crypto community instead of lurking silently.

First, let's talk about the concept of 【Fiat Currency】. These are the RMB, USD, and other currencies in our wallets—serving as the gateway between crypto assets and real life. Many transactions ultimately settle in fiat, so it's important to understand this concept clearly.

Next are 【Big Pumpkin】 and 【Coin King】—these nicknames both refer to the same thing: Bitcoin(BTC). Why is this name so prominent? Because its market cap is far ahead, and it has the greatest influence. Any major move by BTC can drive the entire market.

When it comes to coin types, you must know 【Yitai】, which is Ethereum(ETH). It ranks second, and the reason it’s highly valued is because it pioneered the era of smart contracts, bringing endless possibilities to the blockchain ecosystem. Its market cap and popularity are only second to BTC.

There’s also a group of people in the market who jokingly call themselves 【Chives】—usually referring to retail investors. This isn’t meant as an insult, but more of dark humor. Market volatility is unpredictable; anyone can get "harvested." The key is to stay calm, keep learning, and long-term survival depends on a steady mindset.

Want to evaluate if a project is reliable? You must look at the 【White Paper】. This document is like a product manual, detailing technical solutions, application prospects, team composition, and roadmaps. The quality of the white paper often reflects the professionalism of the project.

When registering on an exchange or participating in certain activities, you'll encounter the 【KYC】 process. This is the "Know Your Customer" verification step, requiring you to upload ID cards or passports. It may seem a bit troublesome, but it’s a compliance requirement of the platform and a necessary measure to protect your funds.

Finally, you need to understand the 【Circulating Market Cap】 metric. Simply looking at a coin’s price isn’t very meaningful; it’s more important to look at its circulating market cap—that is, the circulating supply multiplied by the current price. This number can more accurately reflect the project's market size.

Overall, master these basic concepts first, then gradually delve into the market to walk more steadily. Keep a zeroed-out mindset, start learning, and this is the right way to enter the crypto world.