Buddhist virtual currency

1.

Binance exchange, with rapid development, has become one of the top five exchanges in the world in just half a year. Unlike idcm.io, which was the first to support vhkd, binance directly issued its own token BNB and launched the exchange

advantages: large trading volume; Support multiple computers and mobile phones; Multi language support; More currencies: 99 cryptocurrencies such as BTC, ETH, LTC and BNB are supported, 235 paired trading markets are available, and the service charge is low; It's faster to recharge and withdraw money

disadvantage: they have no futures and OTC trading, and only support currency trading, and stopped the service to domestic users some time ago, so domestic users need to choose carefully. At the same time, because binance is an exchange trading platform, it cannot be traded directly with legal currency, so it needs to use other platforms to buy cryptocurrency

it's not very convenient to recharge it to coin an network. In addition, in February and March of this year, binance suffered serious security incidents and hackers' leek cutting attacks, and its security performance was questioned

extended information:

the process of digital currency trading through the platform is as follows:

(1) investors should first register accounts, and obtain digital currency accounts and US dollar or other foreign exchange accounts

(2) users can buy and sell digital currency with the money in their cash account, just like buying and selling stocks and futures

(3) the trading platform will sort the buying requests and selling requests according to the rules and start to match them. If they meet the requirements, the transaction will be concluded

(4) e to the difference between the buy and sell volumes submitted by users, a buy or sell request may be partially executed

the mode of digital currency trading through operating companies is as follows: take Ruibo coin as an example, Ruibo coin is operated by professional operating company opencoin, ripple protocol was originally designed based on means of payment, and the design idea is based on acquaintance network and trust chain

to use ripple network for remittance or loan, the premise is that in the network, the payee and the payer must be friends (mutual trust relationship is established), or have common friends (trust chain is formed through the transmission of friends), otherwise the trust chain between the user and other users cannot be established, and the transfer cannot be carried out

2. 1、 Digital currency ICO is illegal in China
in September 2017, the central bank issued an announcement on preventing the financing risk of token issuance, which formally determined that ICO is illegal financing without approval, and no organization or indivial is allowed to participate
later, on April 23, 2018, it was announced that the left and right digital currency ICO platforms had all withdrawn from the Chinese market, so the current ICO is illegal in China< Second, digital currency exchanges are prohibited in China.
after announcing that ICO is an illegal financing activity, the central bank also listed services such as trading, exchange, pricing and information intermediary for virtual currency as prohibited items, which means that digital currency exchanges are illegal in China
the trading platforms including bitcoin China, okcion, and fire coin all announced to stop the RMB recharge business in 2018, and closed the trading platforms one after another. As of April 2018, all digital currency exchanges have completely withdrawn from the Chinese market
Third, the central bank has not yet issued legal digital currency
so far, the central bank has not issued legal digital currency. If you are recommended to buy a digital currency "authorized or issued by the central bank", it must be a fraud platform
conclusion: there are no relevant laws and regulations for digital currency in China, but according to the documents issued by the central bank, the state is very cautious about digital currency, especially the digital currency issued by indivials.

3. Radar currency is an internet financial tool, which has the functions of payment, transfer and currency exchange. Like bitcoin, it is a kind of virtual currency. It uses a program running source code and uses blockchain technology to issue currency. Radar currency is a virtual currency launched by Radar Laboratory of the United States, which belongs to regional chain technology like bitcoin. Radar Laboratory of the United States and Datang Telecom, a central enterprise of China, jointly launched Kaiyuan Tongbao trading platform to promote radar currency, It's been three years.

4. Virtual currency can be purchased on the trading platform, and the purchase method is very simple. The process is as follows:
first, register an account on a digital currency trading platform, conct real name authentication, and bind the mobile phone number and bank card (this is the requirement of the central bank)
secondly, bank transfer is used to recharge the account number of the trading platform
thirdly, you can buy virtual currency by using the recharged RMB, or you can make normal transactions on it
finally, you can withdraw RMB or virtual currency
at present, the more popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin and so on.

5. 1、 Several circles of blockchain
currency circle: refers to the people who focus on currency speculation or even issue their own digital currency to raise funds. Generally speaking, blockchain project parties, exchanges and some blockchain media all belong to the currency circle
chain circle: refers to people who focus on the research and development, application or underlying protocol of blockchain. Without the technical support of the chain circle, the coin circle can not exist. In the future, the implementation of the blockchain scene will depend on the technology of the chain circle
mining circle: refers to the "miners" who focus on "mining"< Second, several investment behaviors of blockchain
currency speculation: similar to stock speculation, refers to the behavior of repeatedly buying and selling digital currency through trading platform in order to obtain high income
Soha: it's a transliteration of show hand, originally a term used in gambling games. It's the act of withdrawing all available chips at one time. When it comes to blockchain investment, it refers to investing all of your available assets in digital currency in order to speculate in money, which has the meaning of "bet your fortune"
Buddhist holding of cryptocurrency: it refers to the behavior of not caring about the price trend of cryptocurrency after holding of cryptocurrency. No matter how much the asset price of cryptocurrency falls, it will not rece the holding of cryptocurrency in hand
3. Segmentation of blockchain investors
banker: refers to the investor with strong capital volume, strong relationship network and the most informed information, who can influence or determine the price trend of a certain currency to a large extent
large investors: investors with abundant capital, but not as strong capital and relationship network as makers
retail investors: refers to the small amount of funds, small amount of trading, and unorganized investors< Four, blockchain investment common phenomenon
leek: is an image of metaphor, leek growth ability and adaptability are very strong, can be one after another in a large range of breeding. It is compared to some retail investors who do not know the market situation. Most of them are easily influenced by the investment sentiment. They buy at a high price and sell at a low price. Some people will lose money, and after they leave the market, new forces will enter. Like leeks, they will cut one crop and grow another soon
cut leek: it means that the dealer buys at a low price, speculates at a high currency price, sells at a high price after the retail investors come in and make a profit, and then smashes the plate to a low position. In this way, the retail investors will suffer losses and the dealer will make a profit. The makers and the big investors keep repeating this routine, that is, "cutting leeks", while the retail investors keep entering, the makers repeat the routine of cutting leeks
cut back: refers to the sharp drop in the price of digital currency, which is very huge, falling to half of the previous highest price. For example, when I buy a currency, the highest price of this currency is $100. After a while, I fall to less than $50. It can be said that my currency has been cut off
meat cutting: it refers to the behavior of selling stop loss in time when the price of digital currency falls in order to prevent the continuous decline from causing greater losses, so as to prevent greater losses in the future
being held up: it means that I spend a high price to buy a currency. After a while, the currency falls, and I don't want to sell it and stop loss in time. Instead, I choose to wait to see if the price can rise again. The waiting process is "being held up". In this case, I can be said to be held up
unwinding: it means that the purchased digital assets graally rise back after a round of sharp decline, and the price rising back exceeds the price when I bought them. At this time, I will not lose money when I sell these digital assets. This is unwinding
airdrop candy: refers to the free distribution of a certain amount of digital currency to users in order to promote the blockchain project at the beginning of the project. These free digital currencies are called "candy" by users.

6. The consensus mechanism of gold standard currency is free casting, free exchange and free import and export of gold< The earliest form of the gold standard monetary system, also known as the classical or pure gold standard, prevailed from 1880 to 1914
under this system, governments regulate the gold content of currencies by law, and the comparison of the gold content of the two currencies is the seigniorage parity that determines the exchange rate basis. Gold can be freely exported or imported into the country, and in the process of export and import, a coinage price flow mechanism is formed, which can automatically adjust the exchange rate. Under this system, the exchange rate fluctuates little because of the function of seigniorage parity and the limitation of gold delivery point. After the outbreak of the first World War in 1914, many countries issued dishonoured banknotes to prohibit the free export of gold, and the gold standard ended
for reference.

7. Currency circle: refers to the people who focus on currency speculation and even issue their own digital currency for financing. Generally speaking, blockchain project parties, exchanges and some blockchain media all belong to the currency circle
chain circle: refers to people who focus on the research and development, application or underlying protocol of blockchain. Without the technical support of the chain circle, the coin circle can not exist. In the future, the implementation of the blockchain scene will depend on the technology of the chain circle. With the popularity of blockchain technology, many related top domain names have been registered

Mining circle: refers to the "miners" who focus on "mining"

currency speculation: refers to the behavior of repeatedly buying and selling digital currency through the trading platform in order to obtain high income

suoha: it's a transliteration of show hand in English. It was originally a term in gambling games. It's the act of withdrawing all the available chips in hand at one time. When it comes to blockchain investment, it refers to investing all of your available assets in digital currency in order to speculate in money, which has the meaning of "bet your fortune"

Buddhist holding of cryptocurrency: refers to the behavior of not caring about the price trend of cryptocurrency after holding of cryptocurrency, no matter how much the asset price of cryptocurrency falls, it will not rece the holding of cryptocurrency in hand.

8. That is to say, no matter whether the currency is up or down, we will not sell the currency and insist on holding it

9. According to the Buddhist Scripture, when people die for sheep, sheep die for people, it means that the six ways of reincarnation, reincarnation, always in your revenge for me, I revenge you, when I am a sheep in this life, you are human, and then I am killed and eaten by you, then it's your turn to reincarnate and be a sheep in the next life, and then I will reincarnate and be a human, and then I will kill and eat you, and then you will be a human in the next life, I was killed by you when I was a sheep... This cycle is endless, which is called "when is the time to repay the injustice";