Ethereum will lose no matter how much it buys or how short it se

1. About digital currency, say some of their own views, you listen to, feel unreasonable just laugh
money, as a measure of transaction value, does not necessarily have value in itself, it can only be used as an intermediate unit of measurement. It's just like China has only RMB as legal tender, that is to say, government guarantee has value. For example, in those war-torn areas, ten jin currency may not buy an egg, which is the reason
back to digital currency, digital currency, until now, no country has recognized it as the currency in circulation of its own country. It seems that last year or the year before last, our country also banned some. In this case, digital currency can only be sold at a price higher than your purchase price, so that you can make money. But digital currency itself does not have any value. Unlike stocks, it is your ownership of listed companies. So if you can't find someone to buy digital currency, it's worthless
the Ponzi scheme in history, the Dutch tulip, when it was the most expensive, a tulip was worth buying a house. When no one bought it, all the tulips rotted. In addition, they couldn't get a potato. Therefore, Buffett said that digital money is a bubble, which is a hoax.
in addition, there is a saying in the stock market that when all the ladies in the vegetable market begin to discuss the stock market, it is the time when the stock market reaches its peak. In my opinion, this also applies to digital currency. When many people are discussing how to make money and how to make a lot of money, the risk has accumulated to a great extent. Most of the time, when the stock begins to fall, many people are still in the previous inertial thinking, thinking that it will rebound soon, and then it will get lower and lower, and they are more reluctant to sell it. This is why many people hold a high position on it
I'm not sure whether it is the highest point of digital currency, but I think that digital currency, which can be issued by anyone, has no purchase value and can only be sold to others. I think it's a fraud.

2.

There is an essential difference between Ethereum and bitcoin. What is the difference? Bitcoin defines a set of currency system, while Ethereum focuses on building a main chain (which can be understood as a road) to allow a large number of blockchain applications to run on this road

from this point of view, Ethereum's application scenarios are more extensive, which is why we say that Ethereum marks a simple monetary system in the era of blockchain

1.0, and a transformation to other instries and application scenarios in the era of blockchain 2.0

however, there is no perfect thing in the world. Although Ethereum has expanded the application scope of blockchain in all walks of life and improved the speed of transaction processing, it also has some disputes and doubts

first, the solution to the lack of scalability of Ethereum: slicing technology and lightning network

the bottom design of Ethereum, the biggest problem is that Ethereum has only one chain and no side chain, which means that all programs have to run on this chain equally, consuming resources and causing system congestion. Just like last year's very popular Ethereum game "encryption cat", when this game was very popular, it once caused Ethereum network paralysis

to improve the processing capacity, Ethereum proposes two ways: shard and lightning network. Let's introce these two technologies respectively

(1) fragmentation technology

vitalik buterin, founder of Ethereum, believes that the reason why mainstream blockchain networks such as bitcoin process transactions very slowly is that every miner has to process every transaction in the whole network, which is actually very inefficient. The idea of fragmentation technology is: a transaction does not need to be processed by all nodes in the whole network, as long as some nodes (miners) in the network are allowed to process it. Therefore, Ethereum network is divided into many pieces. At the same time, each piece can handle different transactions. In this way, the network performance will be greatly improved

however, the slicing technology is also controversial. As we all know, the important idea of blockchain technology is decentralization. Only when the whole network witnesses (processes) the same transaction can it have the highest authority. The Ethereum slicing technology is similar to the group witness, not all nodes witness together. In this way, it will lose the absolute "decentralization" attribute, and can only achieve the purpose of high performance by sacrificing certain characteristics of decentralization

(2) lightning network

lightning network uses the way of transaction under the chain. What does that mean? It means: when the participants of lightning network transfer money to each other, they do not need to confirm the transaction through the main chain of Ethereum, but create a payment channel between the participants and complete it under the chain

however, lightning network is not separated from the main chain. Before establishing a payment channel, you need to use the assets on the main chain as collateral to generate a balance proof, which indicates that you can transfer the corresponding balance. In the case that both parties of the transaction hold the balance certificate, both parties can make unlimited number of transfers under the chain through the payment channel

only when the off chain transaction is completed and the assets need to be transferred back to the chain, the balance change information of the main chain account will be registered on the Ethereum main chain, and no matter how many transactions occur ring this period, there will be no record on the main chain

another real benefit of lightning network is that it can save the cost of miners for you. At present, when we trade on the main chain of Ethereum, we need to consume gas and pay for miners. Once we move the transaction to the lower chain, we can save this part of the cost

Of course, lightning network is not perfect. When using the lightning network, the assets on the main chain should be used as collateral; And this part of assets as collateral can not be used before the user completes the transaction under the chain. This also determines that lightning trading is only suitable for small transactions

the above is the problem of insufficient scalability of Ethereum, as well as the two main solutions: fragmentation technology and lightning network

Second, there are loopholes in Ethereum's smart contract and the infamous Dao event

Ethereum's smart contract is very powerful, but there are loopholes in any code. The biggest controversy of Ethereum's smart contract lies in the so-called loopholes, that is, security issues. According to relevant research, 34200 (about 3%) of the nearly 1 million smart contracts based on Ethereum contain security vulnerabilities, which will allow hackers to steal eth, freeze assets or delete contracts, such as the infamous Dao incident

(1) what does Dao mean

before introcing the Dao event, let's first introce what Dao is. Dao is the abbreviation of decentralized

autonomous organization, which can be understood as decentralized autonomous organization. From the perspective of Ethereum, Dao is a kind of contract or a combination of contracts on the blockchain, which is used to replace the government's review and complex intermediate proceres, so as to achieve an efficient and decentralized trust system. Therefore, Dao is not a specific organization, that is to say, there can be many Dao, all kinds of Dao

(2) the infamous Dao event

however, when we talk about Dao now, we basically refer to the Dao event, that is, the infamous hacker attack event we just mentioned. As we know, the English word "the" refers to "the Dao event". The Dao event

refers to "the Dao event", because we just said that Dao is not a specific organization, there can be many Dao, all kinds of Dao

in 2016, slock.it, a German company focusing on "smart locks", launched the Dao project on Ethereum in order to realize decentralized physical exchange (such as apartments and ships). Since April 30, 2016, the financing window has been open for 28 days

unexpectedly, this Dao project is very popular. It raised more than US $100 million in just half a month. By the end of the whole financing period, it raised a total of US $150 million. Therefore, it has become the largest crowdfunding project in history. However, it didn't last long. In June, hackers took advantage of the loopholes in the smart contract to successfully transfer more than 3.6 million Ethernet coins and put them into a Dao sub organization, which has the same structure as the Dao. At that time, the price of Ethernet currency fell directly from more than $20 to less than $13

this event shows that there are loopholes in smart contracts, and once the loopholes are exploited by hackers, the consequences will be very serious. This is why many people criticize Ethereum and say that its smart contract is not smart

to solve this problem, many foreign companies begin to provide code audit services in order to solve the vulnerability problem of smart contract. From a technical point of view, some teams are currently testing smart contracts. Most of these teams are led by professors from Harvard, Stanford and Yale, and some of them have obtained investment from leading institutions

in addition to the problems of insufficient expansibility and loopholes in smart contracts, the controversy over Ethereum lies in the POS consensus mechanism it pursues, that is, the proof of equity mechanism. Under the proof of equity mechanism, if anyone holds more money and holds it for a longer time, he will get more "rights" (interests) and have the opportunity to get bookkeeping power, Bookkeeping can also be rewarded. In this way, it is easy to create the oligarchic advantage of "the stronger the stronger"

Another problem is the chaos of ICO. ICO is a common way to raise funds for blockchain projects, which we can understand as pre-sale. The outbreak of ICO projects on Ethereum has caused illegal activities such as fund allocation and money fraud under the banner of ICO, which has caused security risks to social and financial stability

3. In fact, the rise and fall of digital currency is a normal situation. The key is to see whether you are optimistic about its long-term value. Relatively speaking, if the long-term value is worth investing in, then the short-term decline can be ignored. At the same time, if you don't know much about digital currency users, it is recommended to choose a reliable and good platform for investment. The investment period needs more than six years, Word of mouth should always be good, you can take a look at AEX, fire coin these two, but also more reliable, you can also understand their own network first

4. Note that Ethereum is 2.0 now. As of 13:57 on the 4th, the current deposit contract address of Ethereum 2.0 has received 1000098eth, and 31252 addresses have completed the mortgage of 32eth. With the increasing number of mortgage, the annual yield of mortgage will graally decrease. After the mortgage amount reaches 1 million eth, the current annualized yield is about 15.7%. Zhongyuan, a well-known exchange, has taken the lead in opening the mining channel of eth2.0 verification node, and then launched qeth. Users can invest their own eth in verification node mining and exchange qeth to obtain liquidity, and then participate in mining. Compared with the disadvantages of eth2.0, qeth has too many things: the liquidity is guaranteed, the user does not have to bear the technical cost, the threshold of participation does not need 32 eth as low as 0.1eth, the nodes are maintained by the platform, and the income is distributed according to eth2.0.

5.

Zhejiang Yongqi blockchain Technology Co., Ltd. is another limited liability company incorporated in Xihu District, Hangzhou City, Zhejiang Province on August 29, 2018, with its registered address at room a1006, building 13, Xixi Mingyuan business center, Liuliu street, Xihu District, Hangzhou City, Zhejiang Province

the unified social credit code / registration number of Zhejiang Yongqi blockchain Technology Co., Ltd. is 91330106ma2ce0mlxg, and the enterprise legal person is Ge Jibin. At present, the enterprise is in business

in Zhejiang Yongqi blockchain Technology Co., Ltd., the current registered capital of the enterprise is general

view more information of Zhejiang Yongqi blockchain Technology Co., Ltd. through network enterprise credit

6. Futures for the fate of retail investors are basically all clearing away, no exception. Although it is said that making money and losing money account for half, but often losing money will be lost to death. No one knows what will happen in the future before making enough money. The randomness of the transaction ultimately determines that no matter long or short, they can't stay.

7. Futures in the buy (bullish), short (bearish). Options include buy long (call option), short (call option), put long (put option) and short (put option). Among them, put option and put option are multi-party (call party); The short side (the put side) of put and put options can buy or sell the open position first according to their own analysis of the future market rise and fall, and then carry out the reverse sell close or buy close after the equivalent difference, so as to offset their own open position contract. In this way, only the price difference between opening and closing positions will be left on the "bill". At the same time, the margin occupied by opening positions will be returned automatically, so as to complete a complete transaction. Trading is a "contract unit", not the actual goods. Therefore, when a trader buys or sells, he does not need to consider whether he needs or owns the corresponding goods, but only considers how to buy or sell to earn the price difference. The result of buying and selling is only reflected in his own "account", which can be simply understood as "short selling".

8.

Futures is a two-way transaction, you can buy up and sell down to make money. Specifically, there are those who are long (bullish) and those who are short (bearish). Long means buy low and sell high, buy first and then sell. Short means sell high and buy low, sell first and then buy. What you earn is price difference

because futures closing is the opposite of the original trading, the combination of profit, so the short buyer is the person who opens a long position, and then wants to sell to close the position, so he will become a long seller (the effect of long position closing on the price is equal to short), and the short seller is the person who opens a short position, so he needs to buy to close the position, and then he will become a long buyer. Identity changes with indivial behavior

{rrrrrrr}

extended data:

futures trading characteristics:

two-way

one of the biggest differences between futures trading and stock market is that futures can be two-way trading, futures can buy more or short. When the price rises, you can buy low and sell high; when the price falls, you can sell high and buy low. Long can make money, and short can also make money, so there is no bear market in futures In a bear market, the stock market will be depressed, but the futures market will still be prosperous and the opportunity will still be good.)

low cost

no stamp ty and other taxes are levied on the futures trading countries, and the only cost is the transaction fees. The proceres of the three exchanges in China are about two to three per ten thousand, plus the additional fees of the brokerage companies, and the unilateral fees are less than one thousandth of the trading volume Low cost is a guarantee of success)

leverage

leverage principle is the charm of futures investment. In the futures market, the transaction does not need to pay all the funds. The domestic futures transaction only needs to pay 5% margin to obtain the right of future transaction. Due to the use of margin, the original market was magnified by more than ten times

double the opportunity

futures is a "t + 0" transaction, which makes your capital application to the extreme. After grasping the trend, you can trade and close your position at any time Convenient access can increase the security of investment)

is greater than negative market

futures market is zero sum market, futures market itself does not create profits. In a certain period of time, the total amount of funds in the futures market is constant without considering the capital in and out and withdrawal transaction costs, and the profits of market participants come from the losses of another trader

9. If I buy futures, I sell short and lose money first, and then buy more, then it will go up a lot. If it goes up more than it goes down, it is theoretically profitable.