What does digital currency futures mean
in view of the uncontrollable rise and fall of digital currency, it is not recommended to increase leverage or play futures. The risk is too high.
1. Legitimacy
the domestic futures market countries set up financial derivatives trading venues, which are composed of four exchanges, namely, China Gold Exchange, Shanghai Futures Exchange, big business exchange and Zheng business exchange, which are supervised and managed by China Securities Regulatory Commission, futures monitoring center and futures association according to law
except bitcoin, which has a perfect management mechanism, the management of other digital currencies is chaotic and belongs to non-governmental organizations. Governments have never recognized the legality of digital currencies. Credit is completely managed by the self-discipline of issuers and participants, which poses great risks
Domestic futures: 9:00-10:15 a.m., 10:30-11:30 p.m. and 13:30-15:00 p.m. from Monday to Friday (except holidays)digital currency: it can be traded 24 hours a day, and the trading time is in line with the international market
3. Proct selection
domestic futures: at present, there are dozens of futures varieties, and each variety has at least four months of contract, with standardized management and large trading volume, so it is difficult for funds to control the market
digital currency: the management is not standardized. Although many non-governmental organizations or indivials have set up a lot of digital currencies, the information is limited, and it is difficult to understand the situation of a certain digital currency. Some digital currencies have hierarchical relationship between the upper and lower families. Investing in a certain digital currency is a matter of luck, without any data as a reference
4, two-way trading
domestic futures, with its own leverage, can be two-way trading, long and short can be, t + 0 trading, after the profit can appear
digital currency: long by one side, and the so-called depletion of power resources to mine, the relationship between the superior and the subordinate profits
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at present, the latest R9 290x is the same as GTX Titan. Surpassing the gtx690 is just a joke. A: Yes
this kind of platform is in fact nonsense
the two major bitcoin futures procts have the following similarities and differences, which are worth noting:
1. XBT unit is 1 bitcoin, BTC is 5 bitcoins
2. Minimum price change: XBT is $10 / bitcoin, BTC is $5 / bitcoin
3. XBT trading time is from 7:00 a.m. on Monday to 6:00 a.m. on Saturday, Beijing time; BCT trading time is from 7:00 on Monday to 4:15 on Saturday, Beijing time
4. The position limit is 5000
5. Price circuit breaker mechanism: XBT price fluctuates more than 10% of the previous day's closing price, trading is suspended for 2 minutes, trading is suspended for 5 minutes if it exceeds 20%; The BTC price fluctuates more than 7% or 13% of the closing price of the previous day, triggering the circuit breaker mechanism. The specific suspension time has not been disclosed. If it exceeds 20%, the trading will stop
6. XBT requires 44% initial margin, which is about 2 times leverage; BTC Requires 35% of the initial margin, which is about 3 times the leverage. It is worth noting that both exchanges have indicated that the margin amount can be adjusted according to the actual situation.