The harm of bitcoin financing function
bitcoin is very risky. Although bitcoin can be used for real commodity transactions, there are still many restrictions, so its use value is limited
moreover, bitcoin has certain political and legal risks. If bitcoin is prohibited by law in the future, the money you invest in bitcoin may be wasted
in addition, the security of the platform is also very poor, and there are great risks in the storage and trading of bitcoin. After all, bitcoin only depends on source code to store, so once stolen, it is basically irreparable. Many trading platforms have been attacked by hackers and lost a lot of bitcoin
the quantity of bitcoin is also limited, and it is vulnerable to price fluctuations. Its highly volatile exchange rate just shows its instability. After all, it lacks a strong financial system to support it.
(1) Bitcoin was originally a kind of network virtual currency to buy real-life goods
(2) advantages:
< UL >completely decentralized, without issuing institutions, it is impossible to manipulate the number of issues
anonymity, tax exemption and supervision free
robustness. Bitcoin is completely dependent on P2P network and has no distribution center, so it cannot be shut down externally
cross border
it's difficult for the cat to survive
(3) disadvantages:
< UL >the vulnerability of trading platform
transaction confirmation takes a long time
the price fluctuates greatly
the public did not understand the principle, and the traditional financial practitioners resisted
Chinese players have become the main crowd in buying bitcoin, which has directly led to the popularity of Chinese bitcoin trading websites. Even the laurel of "the world's largest trading platform" has rotated among bitcoin trading websites in China. What are the disadvantages of bitcoin
the vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
bitcoin has been given a mysterious color since its birth: it is said that because of its concealment and limitation, it is used in drug trafficking. With this kind of dark color, it was packaged as a financial proct and successfully started trading. Many people wonder if bitcoin will eventually replace money? It is not issued by any institution or country, is not controlled by any organization, and is completely decentralized. Bitcoin instead of currency can avoid currency being artificially controlled. However, while this idea sounds wonderful, it cannot be realized
the transaction of bitcoin has congenital defects, and the transaction of bitcoin is irreversible. In other words, it can never be undone: once confirmed, there will be no "error" and no "return". This will bring great inconvenience to the transaction. The limitation of bitcoin also determines that it can not meet the needs of transaction< br />
According to the official announcement, digital assets and RMB recharge functions will be closed at 12 noon on September 27, and all trading functions will be closed at 12 noon on September 30. So far, bitcoin trading was officially sentenced to death
some people applaud the state's move to control bitcoin transactions, believing that this money laundering tool should have been closed long ago the invention of bitcoin in the United States disturbs the Chinese market. We should learn from Russia's ban on bitcoin. Although bitcoin makes money, it is not good for the development of the country because it is divorced from the real economy. Many young people are addicted to bitcoin and lose both money and people
however, at present, the state only restricts it, but it has not been completely banned. Big exchanges can not provide bitcoin exchange, so many of them go underground, making it more difficult to control
for young people, the state has banned trading, so it is too risky to re-enter the bitcoin market, so they should be cautious to intervene, and regret if they break the law
Trump has issued a U.S. ban on petrodollars, banning Americans or anyone in the United States from buying new Venezuelan petrodollars. As Venezuelan President Nicolas Maro said, this is the first executive order related to cryptocurrency issued by the president and another blow to an already suspicious virtual token. Presumably, the cryptocurrency is backed by oil reserves
According to cryptocurrency regulatory experts, Trump's ban is a predictable move“ Although Venezuela's attempt to issue cryptocurrency is novel, it is not new that the United States restricts financial transactions with countries subject to sanctions. " "The issue of cryptocurrency will not help Venezuela escape sanctions," said Jerry Brito, executive director of coin center, a think tank2. When the total assets of your trading account minus the handling charge is less than 120% of the borrowed funds, the system will send a compulsory closing risk SMS to your bound mobile phone; When the total assets of your trading account minus the handling charge is less than 110% of the borrowed funds, the system will force you to close the position to clear the borrowed money or currency
3. Okcoin takes 24 hours as a day (from the time of borrowing, if less than 24 hours is counted as a day)
4. The borrowing user can repay in advance, but the lending user cannot withdraw in advance. When the rate set by the borrowing user is inconsistent with that set by the lending user, and the transaction can be concluded, the rate set by the borrowing user shall prevail
5. The number of days for each loan is 15 days. If the user fails to repay the loan e to overe, the system will borrow a new sum of money from the financing market according to the optimal rate to repay the last loan and the handling charge, and the interest of the new borrowed money will be recalculated. The interest calculation and repayment of loans are processed according to transactions. Users of each loan can choose full repayment or partial repayment at any time, and the service charge will be returned first when partial repayment is made
6. In order to protect the safety of funds, users who have borrowed money but have not paid it off are not allowed to withdraw the part of borrowed money + advance money + deposit + service charge, and are not allowed to transfer this part of funds into the lending account. The existing funds in the lending account can be normally lent and transferred out to the trading account. The rest can be used normally
7. When the net asset of the user's trading account is less than 100000 yuan, he can enjoy 5 times leverage. When the net asset of the trading account is higher than 100000 yuan, it needs to submit an application and pass the examination before it can enjoy 5 times leverage.
In fact, blockchain has been developing at a high speed since its emergence. Bitcoin, as a derivative of blockchain, is also the ancestor of all virtual currencies, and its value is very high
now there are only two ways to get bitcoin, one is to buy it, the other is to use ha Yu miner mining! I believe the value of bitcoin will be the highest in the future
I suggest that we should understand the market and not invest blindly.