How to calculate the delivery of bitcoin contract

1. 1. By the time of delivery, the system will take the arithmetic mean value of BTC (LTC and other currencies) dollar index in the latest hour as the delivery price to close out all open contracts in the current week. The profit and loss after closing the position shall be added to the realized profit and loss
2. If there is still a user's strong order that can not be completed until the delivery, the position will be delivered according to the delivery price at the time of delivery, and the resulting loss will be recorded as the loss of the through position user of the contract. After the delivery of the contract in the current week and the settlement of the contract in the next week and quarter, it will be apportioned according to the full account apportionment system to make up for the losses of the customers who cross the position
3. Add the realized profit and loss of the weekly contract into the account balance, and the settlement is completed< br />4､ If there is market manipulation or market abnormality around the time of delivery and settlement, which leads to significant fluctuation of the index or abnormal allocation proportion, we may choose to postpone delivery and settlement according to the specific situation, and the specific rules will be announced
delivery time: 16:00 every Friday (UTC + 8)

2. Contract trading is a general term for the trading of bitcoin futures contracts
in June 2013, 796 exchange took the lead in developing the bitcoin weekly delivery standard Futures - t + 0 two-way trading virtual commodity barter contract (contract trading) in the bitcoin instry
the emergence of contract trading ended the previous history that bitcoin could not be short, and opened the prelude to the development and prosperity of bitcoin derivatives market

warm tips: the above information is for reference only and does not represent any suggestions

response time: December 16, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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3. By the time of delivery, the system will take the arithmetic mean value of BTC (LTC and other currencies) dollar index in the latest hour as the delivery price to close out all open contracts in the current week. The profit and loss after closing the position shall be added to the realized profit and loss.

4. Friday! Be careful with these

5.

Bitcoin cash

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English Name: bitcoin cash (BCC) / BCH

time of issue: July 24, 2017

stock exchanges: 93

< / UL > < H2 > brief introction of bitcoin cash:

on July 21, 2017, bitcoin bifurcating scheme bip91 has won the support of the whole network computing power, and agreed to upgrade the isolation witness first, And upgrade the block size of the underlying blockchain to 2m in the next six months. However, a "troublemaker" has emerged - viabtc, the mining giant bitcoin Continental's mining pool, has prepared a hard forked system to launch "bitcoin cash" based on the original chain of bitcoin

at 20:20 on August 1, 2017, bitcoin cash began to mine. There are different opinions in the instry whether it is a new branch of bitcoin or another kind of "counterfeit currency". However, BCC's advance offer has reached 2000 yuan, which is more than one tenth of the price of bitcoin

bitcoin cash modifies the code of bitcoin, supports large blocks (increasing the block size to 8m), does not include segwit function, and is a blockchain asset generated by bitcoin ABC scheme

bitcoin cash is a bifurcated currency of bitcoin. The bifurcated currency of bitcoin became popular in 2017. At that time, many bifurcated currencies were proced. These bifurcated currencies are indeed better than bitcoin in terms of performance, but after all, they are "the son of bitcoin". Professionals in the instry generally believe that bifurcated currencies have the characteristics of centralization, so they are not optimistic. Bitcoin's position as the king of digital currency is hard to shake, at least at this stage

6. Of course, there is no problem with the Internet instry, as for you. Whether it will develop as well as the instry, no one can. I promise you. You can only say that you have a good grasp of yourself. There are only four words in the proposal, and the most important thing is persistence.

7. In the case of bitcoin option, that is to say, you can only get the right after the goal is achieved. In the case of delivery contract, it is different. The delivery contract means that the value has been determined.

8. 1. The definition of contract
futures contract is an agreement that the buyer agrees to receive an asset at a specific price after a specified period of time, and the Seller agrees to deliver an asset at a specific price after a specified period of time
the price that both parties agree to use in future trading is called futures price. The specified date on which both parties must conct transactions in the future is called the settlement date or the delivery date. The assets agreed to be exchanged by both parties are called "subject matter"
If an investor takes a position in the market by buying a futures contract (i.e. agreeing to buy on a future date), it is called long position or long in futures. On the contrary, if the position an investor takes is to sell a futures contract (i.e. bear the contract responsibility to sell in the future), he is said to be short or short on the futures<

2. The origin of contract
futures contract refers to the standardized contract formulated by the futures exchange to deliver a certain quantity and quality of goods at a specific time and place in the future. It is the object of futures trading. The participants of futures trading transfer the price risk and obtain the risk return by trading futures contracts in futures exchanges
futures contract is developed on the basis of spot contract and spot forward contract, but the most essential difference between them is the standardization of futures contract terms. In the futures market, the quantity, quality grade and delivery grade of the subject matter, the premium standard of substitutes, delivery place and delivery month of the futures contract are standardized, which makes the futures contract universal
in the futures contract, only the futures price is the only variable, so the open bidding is generated in the trading

3. Contract classification
digital currency contract can be divided into delivery contract and perpetual contract
(1) delivery contract: futures delivery refers to the process in which the trading parties settle the e open position contract by transferring the ownership of the commodity contained in the futures contract when the futures contract expires
(2) perpetual contract: it is a kind of derivative similar to leveraged spot transaction, and it is a digital currency contract proct settled in BTC, usdt and other currencies. Investors can buy long to get the income of the rising price of digital currency, or sell short to get the income of the falling price of digital currency
there are some differences between perpetual contracts and traditional futures: they have no expiration time, so there is no limit on the holding time. In order to keep track of the underlying price index, the perpetual contract ensures that its price closely follows the price of the underlying asset through the mechanism of capital cost.

9. After losing 2787, the key support level of short-term rebound, the market failed to break through for three consecutive trading days. Although today's performance is very eye-catching, it has not recovered the support level. The focus of next week's market is to focus on this point. If the market continues to fail to break through this point repeatedly, this wave of rebound of the market may come to an end. Pay attention to recing positions to avoid risks, If the market forcibly recovers the support level under the support of good news, the market should pay attention to the suppression of 2820 points. In the first two times, the market fell rapidly after breaking through the 30 day line, Only when the market breaks through 2820 points and stands firm, can the market have a chance to look up 3150 points.

the market only last week is characterized by repeated rumors that the market has been unable to cash to save the market. First, seven major measures were introced by the state to save the market. In the case of no cash, the market broke and a national stabilization fund has been admitted to the market to save the market, Second, there is no such thing as the sponsor of Tianping quasi fund refuting rumors. If the market of a stock market relies on rumors to maintain its volatility and slow down its downward trend, and there is no real substantive measures, then the purpose of this rebound needs to think more about. What is the purpose of the organization? Frequent rumors are created to boost the stock market. The latest capital statistics have come out, In this hot bottom hunting operation, funds, insurance and qdf2 all had net outflows. When the market was optimistic by investors last week, the net outflows of these main funds were close to 5 billion, which was completely unexpected. It was also a rumor that drove up the shipment. And the real purpose of the frequent spread of good rumors in the market is also very clear“ Pull up the shipping price. Since the institutions have maintained a net outflow under the condition that people are looking forward to red July and the semi annual report has made performance, although the overall market is doing better, there is still no sign of change from the intention of the institutions. The long-term goal is still to rece the position and avoid the pressure of big and small non-profit and macro policy

when the downward trend has been formed e to the shortage of funds, investors should be rational and not blindly optimistic. The stock market is very complex and simple. What's more complex is that any factor may lead to the change of the stock market. However, the simple thing is that the long-term long short trend of funds determines the long-term rise and fall trend of the market, but the stock market can't just fall without rising, It is certain that there will be a rebound on the way down, but the scale of the rebound should be judged according to the good news on the policy side. If these non substantial good news still support the market, then every rebound is an opportunity to rece positions. Only after the non substantial measures are taken to limit the size of the market, can the market ease the pressure on the capital side and bring about a wave of intermediate rebound or even reversal, As long as the core problem leading to the big drop is not solved, investors should look at it as a rebound and rece their positions when it is high. The weak confidence of investors makes the bottom selling funds very cautious. Although the bottom selling funds try to change this decline, the situation is not too optimistic. The current stock market is not lack of confidence or funds as the government says, This year is the lightest year, with only 3 trillion of lifting the ban, but it has already made the main funds in the market unbearable (before the main force began to ship, the main funds in the market were only 3 trillion, but the size is not enough to eliminate them). Although the government has come to a fund, it also has to talk about politics, However, it seems that the real effect is not great. The action of the institutions to continue to rebound and deliver goods has not stopped. They have to choose the strategy of retreat while fighting to rece losses. Even before the Olympic Games, the so-called good news of the government will prevent the stock market from continuing to fall. However, as long as it is not a substantive solution to the big and small problems, but only some painless policies, In the current market, where the long short balance of funds has been broken, investors should not be too optimistic even if they adopt the trend of horizontal movement or small rebound ring the Olympic Games, because they should be cautious, because the real problem has not been solved, The capital will continue to be tight. If there is a rebound brought about by the policy, it is wise to rece the price every high. Don't believe in the stock review without considering the actual big market. Since the non lifting capital in 2009 is nearly 7 trillion, the lifting capital in 2010 is nearly 10 trillion, which is far more than 3 trillion this year, so before the core problem leading to this big drop is solved, It is impossible to solve the pressure on capital. Any marginal favorable policy will only bring about a rebound, not a reversal. Although the stock market is very complex, it is also very simple. The rule of the stock market is that if you sell more than you buy, you will fall, and if you buy more than you sell, you will rise. Most people know this, But why are some people reluctant to face it when the capital has been reflected? Don't believe that big and small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small non-small, Do you think big and small non holders will settle down or will they continue to watch their profits shrink, When the idea of long-term shareholders is that only retail investors ecated by institutions will do it) and the power of selling is overwhelming in a long-term trend for some reason, it's self deception to talk about when the bull market will come back The so-called iron bottom 2990, the strongest policy in the mouth of institutions that will never be broken down, has rapidly disintegrated in the face of the reality of imbalance of funds. Therefore, in the short term, without the support of new favorable policies, the rebound is an opportunity to rece the position. Of course, if there is a marginal favorable policy, it will bring the bottom fund to the bottom, and the rebound is relatively large, which is of course the best. For retail investors, the opportunity is rare. Strictly control the position is the only thing I want to say now, every rebound is rigorous position rection. Only with funds in hand can we have the initiative and usher in the real bottom. The bottom is the main force, not the retail investors. When the main force is forced to rece their positions, what they can do as small and medium-sized investors is to follow the trend, not to move against the trend. We also need to control our positions when institutions rece their positions

if you have to talk about the following support level, just look around 2500. In fact, the strongest support level has been lost. Of course, if the government is willing to introce substantive policies to solve major and minor problems, the resulting market will be a big one, not a small one now. However, I don't think it's too realistic. The government originally wanted to let the market digest the nearly 20 trillion yuan of funds, and the government would be willing to pay for it by itself

(some reflections on bear market operation) first of all, in a bear market, the graal decline of volatility is a long-term trend, and good news is only a condition for a rebound. However, when the stimulation of good news graally weakens, the rebound will end (and the height of rebound depends on the size of good news), and the temporarily changed downward trend will continue, The stock market returns to its natural law. Before the core problem leading to the big drop is solved (big or small), the stock market can not be reversed, and it is impossible to have a reversal. In the continuous downward trend, it's good to have 100 stocks in the upward trend of more than 2000 stocks. That is to say, when the market falls, the probability of buying falling stocks is 95% or more. As an investment, it's better not to take this risk since it knows such a low probability to choose stocks targeted by hot money. Choosing the operation of oversold rebound is a good investment strategy for investors who pay attention to the safety factor in this trend, because it is certain that there will be a rebound after oversold. There is no stock market that only falls but does not rise. It is just the size of the rebound (the rebound height should be analyzed according to whether there is good news and the size of good interest). In this rebound process, the general rise is generally dominant, In the process of rebound and general rise, the stocks that are in decline are below 10%. That is to say, the probability that you buy a stock casually will rise is far greater than the probability of intervening in the process of decline. Although stocks can not take this probability as the standard of stock ing, as for investors with high safety requirements, trend investment is the safest investment strategy in a bear market. If you want to intervene in the bear market, it is safer to choose this strategy. But remember, only oversold can a short-term, and the general decline generally choose to wait-and-see, the middle of the red plate may be set trap, a rebound on the day, the next day directly low open low go, the bottom of the people all set, so if you can't grasp where is the bottom of the bear market, the best is to do trend, rece risk (personal point of view carefully adopted)

now we need to take advantage of the trend, not to be a dead bull, not to be a dead short, just to be a slippery one. Before the market has no choice of direction, strictly controlling the position will minimize your risk

the above views are purely personal. Please adopt them carefully. Good luck

10. On December 5, 2013, notice of the people's Bank of China Ministry of instry and information technology, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing bitcoin risk: bitcoin is a specific virtual commodity; Bitcoin trading is a kind of commodity trading on the Internet. Ordinary people have the freedom to participate in it at their own risk
on September 4, 2017, notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO); The trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency.