Anchoring BTC
Publish: 2021-03-27 20:32:07
1. BTC is bitcoin, ETH is Ethereum, and usdt is a kind of token issued by American tether company in order to be equivalent to us dollar
2. Gray bitcoin trust, also known as GBTC, is one of the financial instruments. Investors and holders of GBTC can trade stocks in trust funds holding a large amount of bitcoin, which releases a signal that the blockchain world has been inextricably linked with the traditional stock market. The price of GBTC will be related to the price of bitcoin, but it's not completely anchoring the price of bitcoin. GBTC is very magical
at the same time, in grayscale, in addition to GBTC, there are some other procts that can be traded. The price of these cryptocurrencies, such as Ethereum, lightcoin, bitcoin cash and so on, has become a large scale
what is the value of GBTC? How to interpret its meaning
stock market and currency market are two different markets. Although they are related before, they are not exactly the same. In the past, it was not feasible to invest in the digital currency of blockchain in the traditional stock market. But now there is a new way, the gray bitcoin trust (GBTC), which enables us to participate in the trading of bitcoin in the stock market. The principle is that the gray bitcoin trust (GBTC) holds a large amount of bitcoin. The value of GBTC is close to the value of bitcoin and will change with the price of bitcoin
at present, gray bitcoin trust has 6.5 billion US dollars of bitcoin, and it is a private investment. Gray bitcoin trust is a company in the United States. At present, it is the largest buyer in the world. It was launched in 2013, and it has been seven years since, The development speed is very fast.
detailed explanation of the operation mode of gray bitcoin trust (GBTC):
when an investor values GBTC and wants to buy a large amount of it, he can grab the investment fund of the foundation. The fund of the foundation can be used by investors to buy a large amount of bitcoin. After the gray bitcoin trust (GBTC) is listed on the stock exchange, Any investor who opens an account in the stock market can trade GBTC on the stock exchange. It should be noted that the price of GBTC fluctuates with BTC. The price of GBTC is close to BTC, but it is not entirely BTC. The subtle influence between the two systems determines this characteristic. At present, the price of GBTC is higher than that of BTC, and there is a certain premium. For early investors, the premium means profit, but for current investors, the premium increases the risk of current investment
why don't we buy bitcoin directly, but buy gray bitcoin trust (GBTC)
1, do not consider the security issues such as bitcoin storage
2, do not consider the legitimacy of large-scale holding, have tax incentives
3, bitcoin can not directly trade with traditional stocks, but GBTC can
at the same time, in grayscale, in addition to GBTC, there are some other procts that can be traded. The price of these cryptocurrencies, such as Ethereum, lightcoin, bitcoin cash and so on, has become a large scale
what is the value of GBTC? How to interpret its meaning
stock market and currency market are two different markets. Although they are related before, they are not exactly the same. In the past, it was not feasible to invest in the digital currency of blockchain in the traditional stock market. But now there is a new way, the gray bitcoin trust (GBTC), which enables us to participate in the trading of bitcoin in the stock market. The principle is that the gray bitcoin trust (GBTC) holds a large amount of bitcoin. The value of GBTC is close to the value of bitcoin and will change with the price of bitcoin
at present, gray bitcoin trust has 6.5 billion US dollars of bitcoin, and it is a private investment. Gray bitcoin trust is a company in the United States. At present, it is the largest buyer in the world. It was launched in 2013, and it has been seven years since, The development speed is very fast.
detailed explanation of the operation mode of gray bitcoin trust (GBTC):
when an investor values GBTC and wants to buy a large amount of it, he can grab the investment fund of the foundation. The fund of the foundation can be used by investors to buy a large amount of bitcoin. After the gray bitcoin trust (GBTC) is listed on the stock exchange, Any investor who opens an account in the stock market can trade GBTC on the stock exchange. It should be noted that the price of GBTC fluctuates with BTC. The price of GBTC is close to BTC, but it is not entirely BTC. The subtle influence between the two systems determines this characteristic. At present, the price of GBTC is higher than that of BTC, and there is a certain premium. For early investors, the premium means profit, but for current investors, the premium increases the risk of current investment
why don't we buy bitcoin directly, but buy gray bitcoin trust (GBTC)
1, do not consider the security issues such as bitcoin storage
2, do not consider the legitimacy of large-scale holding, have tax incentives
3, bitcoin can not directly trade with traditional stocks, but GBTC can
3. What is 58coin and where is the comprehensive introction of 58coin? I believe you are most concerned about the above two issues after the continuous rise of 58coin's subscription volume and the continuous decline of the winning rate. Next, we will bring you a comprehensive introction of 58coin and discuss with you why 58coin's transaction is so hot
by the end of the issue, the total amount of 58b purchase has exceeded 100 million, and the price of a 58b is 6.55 UCC (1ucc = 1cny), that is to say, converted into RMB, the purchase amount has exceeded 600 million. 58coin official said that it will continue to follow the announcement to avoid the phenomenon of large private market, so as to let more investors participate in it fairly and openly to obtain shares, while constructive opinions from users will still be taken into consideration
at present, it is relatively recognized that platform currency has more investment value than other Shanzhai currencies, mainly based on the following three considerations: first, the trading platform has profit guarantee; Second, preferential policies for investors; Third, investors form a consensus on investment
Where does 58coin come from? Behind the popularity comes the attention to the background and advantages of the platform
it is understood that 58coin, founded in the UK in November 2017, is a one-stop blockchain integrated service platform. It holds the top ten mines in the world and provides currency transactions, 100 times perpetual contract transactions, cloud computing power transactions, etc. for global digital currency asset users. At present, it has set up offices in Japan, New Zealand and Hong Kong
in short, it is an exchange that has carried out global strategic layout and full cycle ecological layout of digital assets. The careful commercial layout behind it and its ambition to be a leader in the instry can be seen< The exclusive advantages of 58coin are as follows:
first, it has strong financial strength and holds the top ten mines in the world. It's rumored that thousands of BTCs were bought last year alone. In addition, the share of ore pools also ranked top
2. The platform promises that currency transaction and legal currency OTC transaction are free of transaction fees. Such a unique move will undoubtedly attract more investors and further expand the market depth
thirdly, 100 times sustainable contract has become a timely rain for the instry. Recently, fixed-point position explosion events have occurred frequently on some platforms, and investors have also seen the trickiness. At this time, the instry needs a conscience platform to guide the positive development of the instry. It's time to refuse the artificial fixed-point position explosion and the 58coin 100 times perpetual contract to spread losses; Just yesterday, 58coin added a number of lever multiples: 2 times, 3 times, 5 times, 10 times, 20 times, 33 times, 50 times. Meanwhile, it added some closing positions functions and strong warning SMS reminders. This gives contract players with different risk preferences more operation space and more ways to play
at present, this blockbuster proct has a good performance: in only eight days since the launch of btc100 times perpetual contract, there are nearly 10000 BTC transactions; The eos100 times perpetual contract was only on line for 3 days, and the transaction volume in half a day reached 3 times of the peak. It is said that some people have already operated from 2.5 EOS to 113 EOS through this business, making profits more than 40 times, which is hard for investors to resist< Fourth, the service ecology is more complete. Behind the 100 times sustainable contract, 58coin has a more perfect digital asset service system. Many old users of 58coin said that they started with cloud computing power at first, and then improved the legal currency OTC, currency trading, leverage trading, financing currency, and sustainable contract one by one. With the rapid development of the platform and enough attention to the interests of investors, Let many users long-term optimistic about 58coin, while long-term holding 58b
under the extreme market on May 21, 58coin did not show a strong flat in a large area. 58b made three major commitments: buy back when it fell by 10%, weekly profit included in margin, and open operation. 58coin's repurchase commitment attracted media attention. At the time of 58b's birth, many investors recognized the investment value of 58b
new things are always doubted. In the face of doubt, 58coin officials have made three promises: first, if the price of 58b currency drops by 10%, the platform will contribute to buy back, which is the first time in the currency circle; 2、 The company will convert 50% of the weekly profit into 58b, which will be included in the platform margin. The margin will be used for insurance fund of contract transaction, commission return, etc; 3、 With seven days as the cycle, announce the operation situation, including profits, and fully achieve openness and transparency
according to relevant people, 58coin dare to make such a commitment, on the one hand, it is fully confident of its own strength, on the other hand, it is to protect the interests of investors.
by the end of the issue, the total amount of 58b purchase has exceeded 100 million, and the price of a 58b is 6.55 UCC (1ucc = 1cny), that is to say, converted into RMB, the purchase amount has exceeded 600 million. 58coin official said that it will continue to follow the announcement to avoid the phenomenon of large private market, so as to let more investors participate in it fairly and openly to obtain shares, while constructive opinions from users will still be taken into consideration
at present, it is relatively recognized that platform currency has more investment value than other Shanzhai currencies, mainly based on the following three considerations: first, the trading platform has profit guarantee; Second, preferential policies for investors; Third, investors form a consensus on investment
Where does 58coin come from? Behind the popularity comes the attention to the background and advantages of the platform
it is understood that 58coin, founded in the UK in November 2017, is a one-stop blockchain integrated service platform. It holds the top ten mines in the world and provides currency transactions, 100 times perpetual contract transactions, cloud computing power transactions, etc. for global digital currency asset users. At present, it has set up offices in Japan, New Zealand and Hong Kong
in short, it is an exchange that has carried out global strategic layout and full cycle ecological layout of digital assets. The careful commercial layout behind it and its ambition to be a leader in the instry can be seen< The exclusive advantages of 58coin are as follows:
first, it has strong financial strength and holds the top ten mines in the world. It's rumored that thousands of BTCs were bought last year alone. In addition, the share of ore pools also ranked top
2. The platform promises that currency transaction and legal currency OTC transaction are free of transaction fees. Such a unique move will undoubtedly attract more investors and further expand the market depth
thirdly, 100 times sustainable contract has become a timely rain for the instry. Recently, fixed-point position explosion events have occurred frequently on some platforms, and investors have also seen the trickiness. At this time, the instry needs a conscience platform to guide the positive development of the instry. It's time to refuse the artificial fixed-point position explosion and the 58coin 100 times perpetual contract to spread losses; Just yesterday, 58coin added a number of lever multiples: 2 times, 3 times, 5 times, 10 times, 20 times, 33 times, 50 times. Meanwhile, it added some closing positions functions and strong warning SMS reminders. This gives contract players with different risk preferences more operation space and more ways to play
at present, this blockbuster proct has a good performance: in only eight days since the launch of btc100 times perpetual contract, there are nearly 10000 BTC transactions; The eos100 times perpetual contract was only on line for 3 days, and the transaction volume in half a day reached 3 times of the peak. It is said that some people have already operated from 2.5 EOS to 113 EOS through this business, making profits more than 40 times, which is hard for investors to resist< Fourth, the service ecology is more complete. Behind the 100 times sustainable contract, 58coin has a more perfect digital asset service system. Many old users of 58coin said that they started with cloud computing power at first, and then improved the legal currency OTC, currency trading, leverage trading, financing currency, and sustainable contract one by one. With the rapid development of the platform and enough attention to the interests of investors, Let many users long-term optimistic about 58coin, while long-term holding 58b
under the extreme market on May 21, 58coin did not show a strong flat in a large area. 58b made three major commitments: buy back when it fell by 10%, weekly profit included in margin, and open operation. 58coin's repurchase commitment attracted media attention. At the time of 58b's birth, many investors recognized the investment value of 58b
new things are always doubted. In the face of doubt, 58coin officials have made three promises: first, if the price of 58b currency drops by 10%, the platform will contribute to buy back, which is the first time in the currency circle; 2、 The company will convert 50% of the weekly profit into 58b, which will be included in the platform margin. The margin will be used for insurance fund of contract transaction, commission return, etc; 3、 With seven days as the cycle, announce the operation situation, including profits, and fully achieve openness and transparency
according to relevant people, 58coin dare to make such a commitment, on the one hand, it is fully confident of its own strength, on the other hand, it is to protect the interests of investors.
4. I think this bitcoin is a virtual currency after all. I don't think it's reliable to buy it on any platform.
5. Level 1 to the sea of oblivion. I recommend going to Vader's tears. There are many fine copper mines in that place. We can dig out copper ore and red pine stone. Grade 2 to Xiyue woodland to dig water rich silver mine. The distribution is very scattered, there is no good place. You check the distribution on the Internet. Just remember a few of the closest points. The water rich silver ore supplies mercury ore and phosphorite. Level 3 to dark forest or foggy plateau. Rich tin mining. Can dig out tin and turquoise. Level 4: go to the jungle to dig zinc rich ore. But all my zinc ores are g in the base. It's all with ordinary shovels. The Goutou gold from grade 4 ore can only be collected with the exquisite hoe purchased in the base.
6. Renbtc is based on the BTC anchor currency issued by renprotocol and circulated in Ethereum network. The value of renbtc and real bitcoin is 1:1 anchored
renprotocol has launched the renvm virtual machine on May 27, 2020. Users can deposit the native BTC in the designated renbridge gateway as collateral. Renvm issues the corresponding renbtc in the Ethereum network through the smart contract, which makes the whole distribution process more decentralized
as a person who has been in the coin circle for three years, I am optimistic about the development of ecell coin in the future, because ecell coin is erc20 token (celletf. IO) realized through Ethereum network smart contract, which adopts blockchain technology, all transaction processes on the chain need the approval of each node in the network, and the whole process is transparent and open.
renprotocol has launched the renvm virtual machine on May 27, 2020. Users can deposit the native BTC in the designated renbridge gateway as collateral. Renvm issues the corresponding renbtc in the Ethereum network through the smart contract, which makes the whole distribution process more decentralized
as a person who has been in the coin circle for three years, I am optimistic about the development of ecell coin in the future, because ecell coin is erc20 token (celletf. IO) realized through Ethereum network smart contract, which adopts blockchain technology, all transaction processes on the chain need the approval of each node in the network, and the whole process is transparent and open.
7. To put it simply, you open short or long eth / USD on 58coin exchange, then buy and sell eth in the spot leverage market to hedge. However, this can only be fully hedged when the BTC / USD price remains unchanged. Once the BTC price changes (it changes all the time), then the hedging will not be established
for example: suppose that your actual profit in a transaction is 1 BTC. At that time, BTC's dollar price was $8000. Suppose that within a week after the transaction, BTC's dollar price depreciates from $8000 to $7000, then the profit in dollar terms will also decrease from $8000 to $7000. On the other hand, if the dollar price of BTC rises from $8000 to $9000, then your profit will also rise from $8000 to $9000
therefore, once you make a profit, you need to convert the BTC into US dollars and lock the profit into a fixed amount of US dollars (in this case, US $8000).
for example: suppose that your actual profit in a transaction is 1 BTC. At that time, BTC's dollar price was $8000. Suppose that within a week after the transaction, BTC's dollar price depreciates from $8000 to $7000, then the profit in dollar terms will also decrease from $8000 to $7000. On the other hand, if the dollar price of BTC rises from $8000 to $9000, then your profit will also rise from $8000 to $9000
therefore, once you make a profit, you need to convert the BTC into US dollars and lock the profit into a fixed amount of US dollars (in this case, US $8000).
8. First, go down the app to enter the legal currency transaction, where you can exchange the digital currency with CNY, and recommend usdt, which is the digital currency anchored to the US dollar. After completing the transaction, go to the currency transaction below the app, select usdt / BTC currency pair, and you can directly purchase bitcoin with usdt, which is very simple
9. Odin chain calls itself an integral part of the internal ecological cycle. "The miner is the miner". There will be no miner as a middleman to earn the price difference and rece all unnecessary losses, thus eliminating the spillover of ecological value to the third party. Although bitcoin has a flaw, the flaw is that BTC's distribution mechanism causes the whole value to flow to a third party outside the ecology. In other words, the electricity charge and mine rent of bitcoin means that all these values are outside the ecology of bitcoin. This design flaw has been filled in Odin. And Odin is a deflation mechanism, the purchase of mining machinery needs to consume Odin, so it has higher room for growth. The distribution mechanism of Odin determines that its future growth is extremely superior.
10. Hello, landlord, the perpetual contract officially met with the investors on November 28, 2018 Hong Kong time. This is an upgraded perpetual contract based on the currency standard perpetual contract (formerly known as perpetual contract and digital contract), which has been innovated for the second time. The whole process is subject to, priced and settled by usdt
in addition to inheriting the advantages of no fixed position explosion, no spread loss, no delivery date and zero position cost, it also has the following four unique designs:
1. Support long short two-way position
2
3. Floating profit can be controlled flexibly
4. It is cost-effective to have one risk degree for all varieties and positions
usdt perpetual contract is a digital currency contract with usdt as the unit of valuation and settlement. At present, usdt perpetual contracts support the two-way trading of BTC / usdt, EOS / usdt and other contracts, and provide multiple leverage. The purpose is to allow high leverage to replicate the situation of the spot market. The contract will not be settled and can follow the reference index price of the target through the anchoring mechanism
as a pricing unit and settlement unit, usdt can trade BTC / usdt and other digital currency contracts without holding other digital currencies, which basically says goodbye to the loss in the process of multi currency conversion. Of course, your profit is also settled in usdt. There will be only one asset in your usdt contract account
as usdt has a relatively stable long-term performance in digital currencies, it can rece the risk of devaluation of holding BTC, EOS and other digital currencies in the process of trading with usdt as the pricing unit and settlement unit. To avoid the risk of currency increase and assets decrease as a result of transaction
why is usdt introced as the settlement currency
when you use BTC as the settlement currency for contract transactions, whether you like it or not, you will automatically get BTC exposure
sometimes this can lead to unsatisfactory results
for example, if BTC is used as the settlement currency to trade the ETH / USD perpetual contract, even if you have more BTC after closing the position and making profits, at the same time, if the price of BTC / USD drops sharply, you may eventually suffer losses
BTC capital may increase, but its value is lower than before, and the whole portfolio may suffer value loss
however, when the settlement currency turns to a stable currency (such as usdt), this potential problem does not exist
unlike BTC, usdt is less volatile because it is linked to the value of the US dollar. Although there have been criticisms in the past about the way tether (the company behind usdt) anchored the US dollar exchange rate, usdt is still the most dominant and reliable stable currency in the market so far, so it is relatively safe
using usdt as the settlement currency, whether it is the initial margin or capital, investors can more easily minimize unnecessary exposure, so as to maintain the stability of the portfolio. I hope the answer will be helpful to you. Thank you.
in addition to inheriting the advantages of no fixed position explosion, no spread loss, no delivery date and zero position cost, it also has the following four unique designs:
1. Support long short two-way position
2
3. Floating profit can be controlled flexibly
4. It is cost-effective to have one risk degree for all varieties and positions
usdt perpetual contract is a digital currency contract with usdt as the unit of valuation and settlement. At present, usdt perpetual contracts support the two-way trading of BTC / usdt, EOS / usdt and other contracts, and provide multiple leverage. The purpose is to allow high leverage to replicate the situation of the spot market. The contract will not be settled and can follow the reference index price of the target through the anchoring mechanism
as a pricing unit and settlement unit, usdt can trade BTC / usdt and other digital currency contracts without holding other digital currencies, which basically says goodbye to the loss in the process of multi currency conversion. Of course, your profit is also settled in usdt. There will be only one asset in your usdt contract account
as usdt has a relatively stable long-term performance in digital currencies, it can rece the risk of devaluation of holding BTC, EOS and other digital currencies in the process of trading with usdt as the pricing unit and settlement unit. To avoid the risk of currency increase and assets decrease as a result of transaction
why is usdt introced as the settlement currency
when you use BTC as the settlement currency for contract transactions, whether you like it or not, you will automatically get BTC exposure
sometimes this can lead to unsatisfactory results
for example, if BTC is used as the settlement currency to trade the ETH / USD perpetual contract, even if you have more BTC after closing the position and making profits, at the same time, if the price of BTC / USD drops sharply, you may eventually suffer losses
BTC capital may increase, but its value is lower than before, and the whole portfolio may suffer value loss
however, when the settlement currency turns to a stable currency (such as usdt), this potential problem does not exist
unlike BTC, usdt is less volatile because it is linked to the value of the US dollar. Although there have been criticisms in the past about the way tether (the company behind usdt) anchored the US dollar exchange rate, usdt is still the most dominant and reliable stable currency in the market so far, so it is relatively safe
using usdt as the settlement currency, whether it is the initial margin or capital, investors can more easily minimize unnecessary exposure, so as to maintain the stability of the portfolio. I hope the answer will be helpful to you. Thank you.
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