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Bitcoin is such an awesome financial evolution, it is a digital currency which can be sent without a middle man and also a digital asset because its supply is deflationary making it scarce. BTC which is fully decentralized has a fixed supply of 21m. 

Other coins created after Bitcoin are called Altcoins[ETH,LTC,BNB], DeFi coins etc.

The safest way to invest & profit from crypto is to accumulate Bitcoin and other solid coins like ETH. While in trading, buying at a lower price and selling it higher. This is known as swing trading (buy low, sell high in few days or weeks). Another way is by speculating on future price movements known as Futures Market Trading.

Risk Management in crypto trading is extremely crucial, timing the markets are hard so traders utilize various methods like Stop-Loss technique, diversifying and collaterized stablecoins. To avoid extended volatility traders use Stablecoins. Crypto is a very volatile asset class and once your emotions are all over the place, you will lose money.

Stablecoins are digital coins pegged to national currencies to eliminate the risk of price uncertainty. There are stablecoins for the US Dollar and a few for other currencies. Traders utilize stablecoins to hold their capital with no risk of volatility. USDT known as Tether is the most popular stablecoin followed by USDC.

Crypto Exchanges serve as market places where participants trade Cryptos just like the NYSE, NASDAQ, JSE, NSE with Stocks. Wallets are like your bank accounts where your digital money is stored, the wallet addresses are like account numbers and a location for receiving digital money.

The performance of Bitcoin is cyclical; it moves based on sentiment and as such, it goes through a cycle composed of a bear market, a consolidation phase, a build phase, and a bull market. Bull runs are when prices generally rise while Bear market is when prices fall for a long period.