What is virtual currency OTC
The so-called currency circle is the natural circle of digital currency players. The coin circle is not big, but the number of people is not small, and it is basically a minority in the crowd. But Lin Lin is a circle, and there are not many people making money. All kinds of ways of making money have been quickly copied, such as ICO, currency speculation, mining and so on
there are many ways to make money in the coin circle, the most important of which are currency speculation, ICO crowdfunding, brick moving, etc. The legal currency of the currency circle is legal tender, which is issued by the state and the government. It is only guaranteed by the government credit, such as RMB, US dollar and so on
1. Coin Token:
token, usually translated into token. Token is one of the important concepts in blockchain. Its more well-known name is "token". However, in the view of professional "chain circle" people, its more accurate translation is "token", which represents a proof of rights and interests on the blockchain, rather than currency
There are three elements of 
token
one is digital proof of rights and interests, which must be in the form of digital certificate of rights and interests, representing a right, an inherent and intrinsic value
the second is encryption. The authenticity, tamper proof and privacy protection of the token are guaranteed by cryptography
Third, it can flow in a network, so it can be verified anytime and anywhere2. Building a position in a currency circle:
building a position in a currency circle is also called opening a position, which refers to the new purchase or new sale of a certain amount of digital currency by traders
3. Coin circle suoha:
coin circle suoha means to invest all the principal
4, coin circle airdrop:
airdrop is a very popular way of cryptocurrency marketing. In order to let potential investors and cryptocurrency enthusiasts get token related information, token teams often air drop tokens
5. Coin ring lock position:
lock position generally refers to that investors open new positions opposite to their original positions after the sales contract, when the market appears the opposite trend to their own operation, which is also called lock, lock order, or even the name of butterfly Shuangfei
6. Doughnut candy:
doughnut candy is a kind of free digital currency issued to users when all kinds of digital currencies are just issued in ICO, which is a kind of momentum and publicity of the project itself by the issuers of virtual currency projects
7. Currency circle breaking:
breaking refers to falling, and issuing refers to the issuing price of digital currency. Broken currency circle refers to the price of a digital currency falling below the issue price
8. Private placement in the currency circle:
private placement in the currency circle is a way to invest in cryptocurrency projects, and it is also the best way for the founders of cryptocurrency projects to raise funds for the operation of the platform
9. View of the K-line of the coin circle:
the K-line chart is also known as candle chart, Japanese line, Yin Yang line, stick line, red and black line, etc., which is commonly referred to as "K-line". It is based on the opening price, the highest price, the lowest price and the closing price of each analysis cycle
10. Moving bricks in currency circle:
moving bricks is to buy digital currency from the exchange with low currency price, and then transfer it to the exchange with high price to sell it
It is not illegal, but the legal risk can not be ignored
in September 2017, after the central bank and seven ministries and commissions jointly issued the "notice on the risk of token financing", which explicitly prohibited the trading of RMB and digital currency and the issuance of ICO (abbreviation of initial coin offering, which means the initial public offering of digital currency), the heat of hyping digital currency is still hard to rece
the current situation is that although the official ban, but in reality the transaction is still in progress, which will also lead to a series of legal problems. High return is accompanied by high investment risk, as well as legal risk that can not be ignored. After the central bank stopped the digital currency exchange in September 2017, some exchanges went overseas, and investors also went to overseas markets to invest and trade, or to find counterparties through Internet instant messaging software
extended information:
related risks:
1. The so-called credit risk is e to the lack of reliable third party participation, and the transaction between the two sides completely depends on the integrity. Once there is a breach of contract, it is difficult to protect the rights and interests
2. The so-called policy risk is that the attitude of various countries towards the special currency will lead to sharp fluctuations in the price of the currency, which will have a certain impact on the OTC trading; The so-called relief vacancy risk refers to the dispute caused by OTC transactions, which makes it difficult for all parties to obtain evidence and provide evidence
3. The public security organs often encounter the problem that there is no professional institution to price bitcoin in case filing or legal review, and our criminal law stipulates that the criminal object of theft is someone else's finance with economic value, because the economic value of bitcoin can only be proved by the trading platform according to the price displayed on the trading platform software, This kind of pricing is sometimes not recognized by public security organs and courts< br />
transaction pair: it refers to pricing another asset (base currency) with one asset (quote currency), such as pricing eth with bitcoin (BTC), thus forming an eth / BTC transaction pair, The price of a trading pair represents how many units of valuation currency (such as BTC) you need to pay to buy one unit of base currency (such as ETH), or how many units of valuation currency (such as BTC) you can get to sell one unit of base currency (such as RTH)
in fact, it is currency to currency transaction, that is, currency to currency transaction: one kind of digital asset is directly exchanged for another kind of digital asset, and no legal settlement is involved. For example, BTC can be exchanged for LTC, or LTC can be exchanged back for BTC; Exchange eth for BTC, or exchange BTC for eth again. The transaction object of the currency to currency transaction is the "transaction pair" mentioned in the previous article. The price of the currency to currency transaction is the price of the transaction pair
the advantage of currency trading is to bypass the off-site legal currency trading, and directly complete the transactions between different currencies on the field, so as to avoid the miner's fee and time for withdrawing currency. Of course, the currency trading platform generally charges a certain handling fee, which is now 0.1% - 0.2%. For users with large trading volume, the burden is not small. During the promotion period, some new reliable platforms generally have the activities of recing or exempting handling charges and distributing candy. It is confirmed that reliable platforms can be tried. The traditional ones are bitcoin China and Huo coin, while the new ones are coin an and coin Sheng.