Bitcoin forced liquidation is not cheated

1.

bitcoin is just a game. If it is promoted as a tool to get rich, it can be regarded as a fraud. Just like the currency in other online games, the only difference is that bitcoin has been standardized since the game was first formulated. It can't be issued indiscriminately, so it can keep its value better than other virtual game props. It is equivalent to the online collection. Bitcoin is a prop in the game, and its value is reflected in the recognition of bitcoin by players: more people play, the value of props in the game is higher; The risk is that he is not the only game, and his algorithm is not the only one. Maybe someone will be able to make other special coins soon. All you need to do is promote the game and sell your props. As for money, bitcoin does not have the basic attributes of money, such as unfair initial distribution and insecure circulation. Money needs to be maintained by the state machine

< H2 > extended materials:

the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction

1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals

2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency

3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked

4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30

< H2 > reference materials:

network bitcoin

2.

Whether in the past or in the future, we have always advocated that indivial interests should be in line with collective interests. When facing social and economic interests, we should first consider social value. When dealing with virtual currency shuttling through financial transactions, how should we choose its social and economic value

there are thousands of virtual currencies in circulation in the market, and not every currency will follow the principle of social value first. From December 17 to January 18, many virtual currencies scrambled the trading market by virtue of ICO chaos, which not only made many investors lose money, but also lost the hope of increasing the value of virtual currency, This kind of virtual currency not only has no social value, but also can never realize its own economic value

As the first virtual currency to appear in the public's eyes, bitcoin is a financial proct with both social and economic values. It not only grows graally in the process of development, from less than $1 to $10000 + today, but also drives the development of the whole instry. Bitcoin is the leader and protector of the emerging instry, Its contribution is multifaceted and its advantages are incomparable

As a new emerging virtual currency, mycoin may not seem warm now, but the soup made by slow fire is often different. I hope mycoin will move closer and closer to bitcoin and compete with it in the near future

3. What's a warehouse explosion? That is, when your margin is not enough to make a loss, you will be forced to close the position. Therefore, in principle, we will not owe money. At most, it's a loss.

4.

It's not a total loss. Closing a position means that when the money in the stock account is lower than a certain value, these stocks do not belong to themselves. The securities dealers are forced to sell them to ensure the safety of their funds and interest

when the company's stock price falls sharply, equity pledge will have the risk of closing positions. In turn, it will aggravate the decline of stock price. If it is forced to close out, the company's controlling interest may change. But if shareholders make margin calls, nothing will happen

extended information:

compulsory position closing of stocks may cause all losses. Generally, compulsory position closing may only be carried out when the position line of investors is lower than the required position closing line of securities companies. Closing line = investor's total assets / liabilities x 100%

for example, if an investor has 1 million financial capital to buy a stock, then his position line = 200 / 100x100% = 200%. Generally, the position closing line of securities companies is about 120%. When the stock price falls, the investor needs to add margin when his position line is lower than the position closing line, otherwise he will be closed

5. Hello
if bitcoin transaction occurs offline, it's easy to be cheated, and its anonymity is high, so it's impossible to prevent, so we must carry out bitcoin transaction on a protected website, such as ZB platform
thank you

6. There are two kinds of closing positions: hedging closing and compulsory closing. Hedging closing is like "free love", which is a completely autonomous behavior of investors. When the market trend is in line with expectations, investors can choose to sell the bullish contracts they have bought, and make profits through "buy low and sell high", or buy the bearish contracts they have sold, and "sell high and buy low" to earn the price difference, When the market trend does not conform to investors' expectations, timely closing positions can also effectively stop losses. In contrast, compulsory position closing is just like "arranged marriage", which is a kind of compulsory behavior. When the investors' losses are too large, resulting in insufficient trading margin, whether you want to or not, futures companies and other institutions will enforce position closing, while futures trading adopts leverage trading system, so investors can play with large transactions with small amount of funds. Once they encounter "forced position closing", they will be forced to close positions, Under the amplification effect of leverage, investors are likely to suffer heavy losses. It is a compulsory course for investors to build and close positions. When building or closing positions, they should not only grasp the opportunity and have the courage to take action, but also know how to control the risk. They should not blindly follow suit. Especially in the event of losses, investors should pay attention to the losses at any time to avoid being "forced to close". If it is forced to level, then the loss is not just the margin
for example (the contract price and margin ratio are fictitious for convenience of calculation)
the current price of a contract is 2000 yuan per ton, the contract is 10 tons per hand, the margin ratio of the exchange is 5%, and the margin of the futures company is 10 yuan per hand plus 5% handling charge on the basis of the exchange
to buy a hand, you need a deposit of 2000 yuan × ten × 5% + 5%) = 2000 yuan
an investor's account just has 3010 yuan, which is an empty order at the contract price of 2000 yuan. Now, after decting the service charge, the customer's account equity is 3000 yuan, the margin is 2000 yuan, the exchange margin is 1000 yuan, and the available capital is 1000 yuan
what happens when the market goes up to 2100? Current position loss = (2100-2000) × 10 = 1000 yuan, customer account equity = opening account equity - loss = 3000-1000 = 2000 yuan, position occupied margin = 2100 yuan × ten × 5% + 5%) = 2100 yuan, available funds = account equity - margin for position occupation = 2000-2100 yuan = - 100 yuan. At this time, although the customer's account has 2000 yuan, it can't pay any more. This is not the worst because the exchange margin is 2100 × ten × 5% = 1050 yuan, the customer's account equity can cover the margin of the exchange, and will not be forced to close positions
what happens when the market goes up to 2200? Current position loss = (2200-2000) × 10 = 2000 yuan, customer account equity = opening account equity - loss = 3000 - 2000 = 1000 yuan, position occupied margin = 2200 yuan × ten × 5% + 5%) = 2200 yuan, available funds = account equity - margin for position occupation = 1000-2200 = - 1200 yuan. A terrible moment has come, because the exchange margin is 2200 × ten × 5% = 1100 yuan, the customer's account equity is no longer enough to cover the margin of the exchange, so the futures company forced to close the position, dected the closing fees, and the final balance of the account = Customer Equity - fees = 1000-10 = 990 yuan
let's simulate the extreme market. Starting from 2100, the trading board was opened for two consecutive days, and the trading board was still open for the third day. The market rose to 2310, and the futures company had no way to level off before that. Current position loss = (2310-2000) × 10 = 3100 yuan, customer's account equity = opening account equity - loss = 3000-3100 yuan = - 100 yuan, position occupied margin = 2310 yuan × ten × 5% + 5%) = 2310 yuan, available funds = account equity - margin for position occupation = - 100-2310 yuan = - 2410 yuan. No matter how much margin there is in the exchange, the loss of position has eaten up all the funds of investors, so we have to turn to the exchange, which is called position explosion. At this time, the company will be forced to level out = account equity - handling fee = - 100-10 = - 110 yuan. That is to say, after closing the position, not only the gross is not left, but also the additional income of 110 yuan, otherwise it will affect personal credit.