Open pit mining
mining refers to the use of bitcoin mining machine to obtain bitcoin, that is, the computer used to earn bitcoin. If you can get bitcoin, you can make money this kind of computer generally has professional mining chips and works by installing a large number of graphics cards, which consumes a lot of power. The computer downloads the mining software and then runs a specific algorithm to get the corresponding bitcoin after communicating with the remote server
precautions:
1. It's better to use DIY mining machine, from purchasing accessories to assembly, and then to mining software, to learn, focus, practice and graally understand the blockchain
Mining is actually a fixed investment process: regardless of the currency price, a certain amount of positions will be increased every day3. The bitcoin wallet used to store bitcoin uses military level encryption, which makes it impossible for hackers to steal easily. Bitcoin wallet also allows users to set two passwords, a public account password and a private password. The user of public account password is to let the user receive bitcoin. If users want to withdraw or transfer bitcoin from their accounts, they need to use a private password
mining is a process of consuming computing resources to process transactions, ensuring network security and keeping everyone's information synchronized in the network. It can be understood as the data center of bitcoin. The difference lies in its completely decentralized design. Miners operate all over the world, and no one can control the network. This process is called "mining" because it is similar to gold panning, because it is also a temporary mechanism for issuing new bitcoin. However, unlike gold panning, bitcoin mining provides rewards for services that ensure the safe operation of payment networks. After the last bitcoin, mining is still necessary
however, most of the new digital cryptocurrencies after 2016 do not need mining, and most of them use POS mechanism, and some of them are one-time mining, such as Ruitai.
for example, a currency holds a short position at 1.1000, and then holds a long position at 1.1500. No matter how it develops, it will lose 0.0500. Or 1.1000 to buy a long position, and 1.1500 to sell a short position, no matter how the development, is a profit of 0.0500 spread. Among the above examples, position locking is basically the first kind of situation, that is, loss position locking. The second kind of situation is rare. Large capital operation, long-term operation and middle line operation may be used
there are basically four reasons for locking positions
one is that it is impossible to judge the future development after trading, and lock positions to obtain the time buffer effect of research and judgment
the second is the behavior of trading mistakes but judging the market situation, hoping to correct the mistakes
the third is the behavior of trading correctly but judging the market situation in the hope of making more profits
the fourth is the worst. It is a kind of self deception and self consolation behavior that has no opinion on the market and is unwilling to stop the loss after losing money. Most of the lock ups are of this type
psychological impact of lock in
as we can see from just now, basic lock in is a kind of behavior of half admitting a mistake after having no judgment ability or wrong judgment on the market. What is half admitting a mistake? If you admit your mistake, you will naturally choose to suspend the transaction. If you don't admit your mistake, you will surely be left behind and the strategy will not change. This kind of behavior that does not stop trading and changes strategy is half admitting a mistake, that is, not knowing whether you are sure you have made a mistake, not knowing how the market will develop, but having an illusion that the market is not favorable for the time being and will develop in the direction of self-interest in the future. Unfortunately, the market is cruel, right is right and wrong is wrong. Lockaging has brought a series of psychological changes. Will choose to lock up, that is to say, the judgment will continue to develop in an unfavorable direction, and then develop in a favorable direction, but the previous judgment has been wrong, can the current judgment be trusted? And the back of the liquidation operation, but also because buy more short two ideas intertwined, resulting in Maon heavy, paranoid lead to frequent mistakes
unlock = open a new position
when you lock the position, you have judged that the previous order will be locked only if it is wrong. Since it is wrong, what is the difference between closing the position and locking it? When unlocking, you will unlock only when you have judged to go back. Now that you know the direction, just open a new warehouse. Some people say that lock in the consolidation market is easier to use. Since you can unlock the lock in the consolidation line, why can't you do a good job in a new round of opening and closing positions? Isn't locking unnecessary
it is also said that it is better to lock when you can't see the market clearly. Since we can't see the market clearly, can't we study and judge the future market more objectively? When you unlock it, it shows that you have seen the trend clearly. Now that you have seen it clearly, isn't it better to open a new position
to put it bluntly, lockaging is a kind of psychology of never admitting mistakes and unwilling to admit losses. You don't know that losses are inevitable in the speculative market. You can only win big and small losses, win more and lose less. In the end, you are profitable. People who don't realize this point still have a long way to go to succeed in speculation
I think I can explain it to you, and add my QQ communication: 945914308
position locking is widely used in the futures market, because ordinary investors can carry out the two-way operation of short selling and short buying
specifically, for example, an investor bought five copper futures contracts, but after the contract was bought, the copper price kept falling. By this time, investors had made a big loss, but he also expected the market to turn around, hoping that the copper price would rise before selling. But he still had no confidence in the market, so he did the opposite, that is, short five copper futures contracts
at this time, his position is basically locked. No matter how the market changes, he will not make a profit
but in reality, this approach is not very desirable, and its role only makes investors feel better. When the market goes out of the big reverse of its own prediction, it is more appropriate to admit your mistake and leave the market. Found a better time to enter again, then the operation will be more handy, more flexible. Don't let your position wait there.
The disadvantage is that it takes up double margin, reces the use efficiency of funds and increases the investment cost
will not burst ring the unwinding
unwinding means that after the order is locked, the investor should choose an appropriate time to remove the lock, that is, to close the two orders separately. If the position is never closed, although the loss shown on the account remains unchanged, in addition to bearing the interest of the overnight order, the subsequent operation will also be affected
extended data:
notes for position locking:
1. It is impossible to judge the future development after trading, so position locking can obtain the time buffer effect of research and judgment
2. The behavior of trading error but judging the market situation, hoping to get correction
3. The behavior of trading correctly but judging the market situation, hoping to get more profits
4. The worst is the behavior of self deception and self consolation, which has no opinion on the market, and is unwilling to stop the loss after the loss, and has the illusion. Most of the lock ups are of this type
No matter how many points are set up, they can be solved reasonably, and appropriate points can be selected to make up for the losses, so as to turn passive into active
source of reference: network lock in
source of reference: network burst phenomenon
source of reference: Network gold futures