Bitcoin futures on December 18
I can only say that I don't know if it is possible for the makers to harvest Chinese chives, but it may be relatively small. When the market is falling, it usually causes the panic of leeks. This is the best time for the makers to buy the bottom at a low price < HR / > < blockquote > however, one thing we need to confirm is that such a decline is nothing compared with the special currency, and it has not even fallen out of the monthly line. In the history of bitcoin, it once fell by 94%. There are many more cases than this. Therefore, there is no need to over interpret the decline and look at the rise and fall of the currency market with the thinking of speculating in stocks personally believes that such a fall is a rectifying correction for a period of time when bitcoin has skyrocketed, bringing a lot of bubbles, and there is nothing too peculiar about what the market is doing. p> summary: bitcoin, as the pioneer of digital currency, although it has the first mover advantage, we can foresee that bitcoin will be the slowest and most backward digital currency in the future. Compared with eth or EOS with smart contract, the application of bitcoin will be extremely narrow. Another reason why bitcoin is not suitable as a currency is that the total amount of bitcoin is limited and cannot be over issued. However, the total amount of money should never be limited, because it will lead to deflation. Everyone will hoard bitcoin instead of trading it. Therefore, the trading volume will be very small, which indicates that bitcoin is not suitable for use as a kind of currency at all
Now the popular digital currency futures is bitcoin futures. On December 11, 2017, Beijing time, CBOE launched the bitcoin futures XBT, and the market reaction was hot, triggering the circuit breaker mechanism many times. CME of Chicago Mercantile Exchange launched bitcoin futures BTC on December 18, 2017, which brought about great fluctuation
the two major bitcoin futures procts have the following similarities and differences, which are worth noting:
1. XBT unit is 1 bitcoin, BTC is 5 bitcoins
The minimum price change: XBT is $10 / bitcoin, BTC is $5 / bitcoin XBT trading time is from 7:00 on Monday to 6:00 on Saturday, Beijing time; BCT trading time is from 7:00 on Monday to 4:15 on Saturday, Beijing time4. The position limit was 5000
Price circuit breaker mechanism: XBT price fluctuates more than 10% of the previous day's closing price, trading is suspended for 2 minutes, more than 20%, trading is suspended for 5 minutes; The BTC price fluctuates more than 7% or 13% of the closing price of the previous day, triggering the circuit breaker mechanism. The specific suspension time has not been disclosed. If it exceeds 20%, the trading will stop XBT requires 44% initial margin, which is about 2 times leverage; BTC Requires 35% of the initial margin, which is about 3 times the leverage. It is worth noting that both exchanges have indicated that the margin amount can be adjusted according to the actual situation