Bitcoin futures trading volume in 2018

1.

In the early morning of January 2, Beijing time, foreign media reported that at the beginning of the new year, the life of bitcoin has been difficult

this is the first time since 2015 that the cryptocurrency has opened a new year in the form of a sharp fall, further aggravating its decline since it hit a record high of $19511 on December 18

The surging trend of

has given birth to a variety of other cryptocurrencies, and also made bitcoin enter the wall street in the form of futures contracts. On December 18, the Chicago Mercantile Exchange launched for the first time a derivatives agreement that some traders thought would encourage short positions, and bitcoin peaked a few hours later

virtual is always virtual

2. The bitcoin system records transaction records one by one. Multiple transaction records are packaged into a block, and each block is connected in chronological order. Every transaction in every block of the whole blockchain can be viewed by everyone. You can view it by using the "bitcoin block browser". It is not a browser software, but a website that can query bitcoin transactions.

3. Futures is opposite to spot. Spot is a commodity that can be paid and delivered at the same time. In fact, futures is not "goods", but an agreement (contract) - futures contract that promises to deliver "goods" (the subject matter) at a future time. Bitcoin futures are usually standardized contracts based on bitcoin price index (such as bravenewcoin global bitcoin / US dollar price index adopted by 796 exchange). Bitcoin futures provided by bitcoin exchange are usually traded in bitcoin. At present, the major bitcoin futures trading platforms in China include 796, fire coin, okcoin and so on. I'm trading on the 796 exchange. I feel pretty good.

4.

Bitcoin is no stranger to a person who loves to invest. In 2008, bitcoin still appeared in our view at a very low price. But 18 years later, the price of bitcoin began to soar, and soon broke through the 10000 yuan mark. Now, bitcoin has exceeded 100000 yuan each, and bitcoin is not a real capital or material property, but a virtual currency. In the Internet, the value of such a virtual currency has been speculation above 100000 yuan. What is behind such madness

Some people also take advantage of this loophole to buy virtual currency abroad in the way of RMB, and finally cash out through trading, which is also a violation of China's foreign exchange system. Such a practice will undoubtedly lead to fire and even prison. Of course, the price of bitcoin is so high nowadays that most of the people who can afford to buy bitcoin are economic tycoons, and there will be no retail investors taking over< br />

5. http://www.wakuangtu.com

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6. Ethernet currency can be bought on many platforms, such as domain kingdom. An Ethernet currency transaction can be finished in 30 seconds from a minimum of $5. No matter whether the price of ether currency rises or falls, as long as the direction is right, you can make profits.

7.

On August 22, 2018, the US Securities and Futures Commission (SEC) announced that it had rejected nine applications for bitcoin ETFs from ProShares, direxion and graniteshares. After the news came out, bitcoin quickly fell by more than $200, and other digital currencies also fell significantly

the SEC's main concern is still the market manipulation and fraud of bitcoin. It said that the application of ProShares failed to achieve the goal of "preventing fraud and manipulation ", and the exchange also failed to provide direct evidence to prove that the bitcoin futures market "has a significant scale "

the committee rejected the proposal because, as mentioned earlier, the exchange could not legally prove that the proposal was in line with 6 (b) (5) of the U.S. Securities and Exchange Act, especially the requirement that the national stock exchange should establish rules to avoid fraud and market manipulation

this is the same reason for rejecting other bitcoin ETF applications. At the end of July this year, the securities and Futures Commission of the United States once again rejected the Winklevoss brothers' application for bitcoin ETF after a retrial, and the market's expectation for more digital currency derivatives failed again

at that time, the SEC mentioned that the trading volume of bitcoin futures market was very small ; However, the sharp rise in prices in 2017 was e to market manipulation

although the SEC has repeatedly rejected applications for digital currency ETF procts, other exchanges still submit relevant applications for approval. Bitwise filed an ETF application in July to track a basket of digital currencies, as well as an ETF application from the Vaneck solidx bitcoin trust. The SEC said Van Eck's ETF application would be delayed until September 30

The special feature of Vaneck's ETF application is that it is a rare ETF application based on actual digital currency transaction. A series of applications for bitcoin ETF rejected on Wednesday anchored bitcoin futures