How to play the newly issued virtual currency

3. Most of the virtual currencies promoted in the form of splitting are pyramid selling currencies, such as Vicat, Morgan and so on. Bitcoin home has exposed many similar pyramid schemes, and the mass media has also reported them. You can check the relevant information
virtual currency doesn't need to be split, and it can't be split at will. So far, no split virtual currency can exist for long. The quantity of real virtual currency is fixed, which is calculated by computer through complex algorithm, which can also be said to be mining. For example, bitcoin, Ruitai coin and Qianjin card, the only difference is the promotion mode.

4. In addition to mining and trading, bitcoin has also derived a variety of new ways to play. First, it can be used as a payment currency. According to statistics, at present, the network's security network service websites, Shanda shell, Shanda real estate, shenglv real estate, Shanda crowdfunding website, and more than 10 Taobao sellers all use bitcoin as the payment currency. In addition, recently, many trading platforms have created "financial games" for bitcoin. For example, huocoin.com has implemented "leverage short mechanism", and other websites are specialized in trading bitcoin futures, bitcoin gold futures, bitcoin stock index futures, etc. The player said: "the leverage shorting mechanism of fire coin network stipulates that the amount of money users borrow or borrow is twice of their personal net assets, and their personal net assets are calculated according to the value of bitcoin converted into RMB at that time. The interest of financing and currency financing business is calculated in the form of simple interest, and the interest standard is 0.1% - 0.2% per day. " There are also players see bitcoin potential is not as good as before, then divest into Leyte coin. Lightcoin is bitcoin's "Shanzhai coin", a lightcoin player said: "recently, the price of lightcoin has gone up, like bitcoin, which is just beginning to heat up. The price of virtual currency changes fast. I put it in earlier, and I made a lot of money by playing a stimulus. " The author pays close attention to the price trend of Leyte currency. In two hours, the price rose from more than 70 yuan to more than 120 yuan, and then quickly dropped to more than 90 yuan. Transaction risk can not be underestimated, any investment can not do without mentioning risk, especially bitcoin, which is free from regulation. Retail players on the trading platform are most worried about running away from the platform. One player said: "our money is recharged to the trading platform. We are worried that the platform will disappear overnight. Recently, as many people cashed out and left, the website server collapsed. Once it showed that it was unable to log in, it was a little nervous. " Now there are bitcoin rights groups, the players said: "there is no specific protection for rights, just take precautions." In addition, some players worry that bitcoin will be greatly promoted because it has only 21 million, which is a scarce resource. But the question is whether bitcoin is unique? In fact, now there are many counterfeit coins, once the scarcity is not there, it will be worthless. Others compare bitcoin to the tulip of the Netherlands. After the crazy speculation, the investors who accept the last stick may be the worst, and this person will certainly appear. According to the security report of 360 security center, bitcoin investors mainly face the threat of bitcoin "mining Trojan horse" and investment account number theft. For Internet users who do not invest in bitcoin, there is also the risk of computer "mining" controlled by Trojan horse. In recent months, there have been nearly 10000 variants of Trojan horse. 360 security experts remind that bitcoin investors should pay attention to setting an independent password for the trading account, so as to avoid the password leakage of other websites leading to the cracking of bitcoin trading market account by hackers. Is that ok?

5.

In September 2017, the central bank and other seven departments jointly issued the "notice on preventing the financing risk of token issuance", which defined ICO (initial coin offerings) as unauthorized and illegal public financing, suspected of illegal selling token bills, illegal issuing securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities

in 2017, ICO became very popular relying on the concepts of "digital currency", "blockchain" and "smart contract". However, only by publishing a "white paper" through a few people's team, and even some can start financing activities without a white paper, this operation mode has laid great risks for investors, and the outside world has always disputed the legitimacy of ICO. In September last year, the central bank and other seven departments gave a clear definition of ICO and stopped all kinds of token financing activities. Seven departments said in the announcement that token issuance financing is essentially an illegal public financing behavior without approval, and is suspected of illegal sale of token tickets, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal and criminal activities

However, after the ban of ICO, a new way of playing the coin circle, IFO, has sprung up. The so-called IFO refers to the branching currency issuance based on mainstream currencies such as bitcoin and Ethereum. On the basis of the original blockchain of these mainstream currencies, another chain is split according to different rules to generate new digital currency. People who hold mainstream currencies can get new currency after bifurcating in the process of IFO, and IFO has become a new means of virtual currency financing

on August 1, 2017, the birth of BCH marked the first generation of bifurcated coin in the coin circle. The size of bitcoin block is only 1m, and the smaller the block is, the smaller the capacity is, the slower the bitcoin transaction will be. In order to solve the problem of bitcoin block congestion, BCH blockchain successfully separated from the main chain in block 478559, resulting in a new cryptocurrency. The default block size is 8m, which can also realize the dynamic adjustment of block capacity. At the same time, people who used to hold bitcoin can get BCH for free at a ratio of 1:1

since its birth, there have been different opinions about whether BCH is a new branch of bitcoin or another kind of "counterfeit currency". However, after several ups and downs, the price of BCH began to develop steadily. As of 20:30 p.m. on February 26, the price of BCH reached 8058.8cny, and that of BTC was 67558.69cny, according to the data of fire coin

following the success of BCH bifurcation, more and more new virtual currencies have been proced through IFO, such as BTG (bitcoin gold), BCD (bitcoin diamond), SBTC (super bitcoin), etc. Chen Yunfeng believes that according to the explanation of the technical level, part of the forked currency is the upgrading or improvement of the original technology. If it is a forked currency in this sense, it is difficult to say that it has no value. Moreover, when the regulatory level repeatedly prompts the investment risk of virtual currency, the investment value should be judged by the investors themselves

Shi Qingwei, the founder of sharing finance, said that IFO is a new way to play in the past two months, and most projects generated by IFO have no investment value. Some IFO issuers believe that they are not raising funds through ICO, but a fork of mainstream currencies such as bitcoin and Ethereum, which have a large number of users. After users get the forked coins, they usually ask to join the transaction, and then the issuer of IFO will get a huge profit because of the number of forked coins g in advance. He further said that most of the bifurcated currencies proced by IFOS have no investment value and even higher investment risk than ICOS

"pre dig" fork currency or there is a risk of fraud

so, how does IFO make money According to the daily economic news, miners develop bifurcated coins in bitcoin blocks through technical means, and then distribute the developed bifurcated coins to bitcoin holders in proportion, and gain value in the transaction and circulation. Some of them will also be traded and circulated through the digital asset exchange. It is worth noting that most of the forked coins will be "pre g" before they are officially released. The pre g forked coins are equivalent to those obtained free of charge, so the founders of the forked coins can easily make profits. In the market, some people think that IFO in the name of "pre digging" is actually a more naked game of token issuance

on November 15, 2017, the domestic well-known super bitcoin team announced that it will implement the bifurcation at the 498888 height of bitcoin blockchain on December 17, and start the technical test of zero knowledge proof and intelligent contract supporting Turing complete, and expand its block to 8MB. It will also launch the intelligent contract in early March 2018 to increase the scalability of BTC Zero knowledge proof will be launched by the end of May 2018, and dynamic checkpoints will be removed by the end of November 2018 to realize fully decentralized mining. If the split is successful, a new split coin, SBTC, will be proced. The original bitcoin holders will give it away one by one, with a total amount of 21.21 million. Among them, 210 thousand are pre g by the split team foundation, which is mainly used to encourage early developers to invest in ecological construction and foundation operation

Song Qinghui, a famous economist, said that e to the lack of regulatory policies and the extremely low threshold of user participation, IFO itself may be suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising and financial fraud. Many new virtual currencies born through IFO have little value, and there may be fraud and fraud, Investors need to pay enough attention

According to Shi Qingwei's analysis, on the one hand, IFO will cause great division in the community; On the other hand, the people who issue IFO are basically some investors, and few of them really do the Ifo project in a down-to-earth way. Because they do not have strong executive power and values, it is difficult to do the Ifo project. To put it bluntly, some IFO projects are short of money, and they will not do it after cash out, and there is no particularly big risk. Just intensify market acquisition and cut leeks. The most typical risk is fraud risk, and the other is the risk of market operation. Some investors have been trapped in the Ifo project

according to Zhang Yexia, senior researcher of Yingcan consulting, first of all, there is no clear definition of IFO financing activities in China's law, and there is a risk of being prohibited; The second is fraud risk. With the rise of the concept of IFO, it is easy to attract criminals to use concepts such as "mainstream currency bifurcation" and "blockchain technology" to attract investors, but in fact there is no so-called token issuance and technology research; The third is the technical risk. At present, the technologies and standards of mainstream currencies, such as bitcoin and Ethereum, are different. There is no same technical standard, and the technical level is also different. Therefore, the hidden dangers of technical security can not be ignored

Chen Yunfeng believes that for the financing behavior in the name of IFO, the investors can only obtain the value-added income through the digital currency trading market without the actual application scenario of the bifurcated currency itself. This form of financing activity has not been clearly defined in law and needs to be regulated by the relevant departments

Hong shuning, chief researcher of the blockchain Laboratory of Suning Financial Research Institute, believes that the risks of IFO are manifested in the following aspects: first, there may be serious loopholes in changing the agreement without careful consideration; Second, the software released in a hurry will inevitably have a lot of bugs; Third, every IFO will divert some miners, causing fluctuations in the trading smoothness of bitcoin; Fourth, e to the low acceptance of bifurcated currency, the price fluctuation may far exceed that of bitcoin, which is unfavorable to investors

At the same time, Hong shuning said that in the real sense, IFO should not pre dig because it goes against the original intention of bitcoin development, fairness and freedom. In fact, like ICO, IFO is a disguised means of financing. Teams that need to make profits in advance should issue their own digital currency, not under the banner of IFO

is illegal

6. At present, indivials should not be able to issue virtual currency. For example, Internet game companies have to have a license to issue virtual currency.

7. You find a reliable platform, such as toobi, safe and regular, fast access to funds

8. Bitcoin and other virtual currency is a kind of network virtual currency generated by computer operation or issued and managed by network community, which can be used to purchase network virtual goods or physical objects. Because of its strong sense of consumption, it attracts people's attention. However, it should be noted that it is difficult to supervise the use of virtual currency in offline transactions, so some countries have found it illegal. However, virtual currency, a financial model that is so convenient for people's lives, is indeed worthy of in-depth study.

9. Network virtual currency can be roughly divided into
the first category is familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency. For example, the token of various physical assets on the European crowdfunding platform
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the third kind of virtual currency on the Internet, such as bitcoin (BTC), Wright currency (LTC), etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency.