How to set up group virtual currency
1、 7 * 24 hours trading
the trading time of digital currency is very long, 24 hours a day, 7 days a week, 365 days a year. As long as you like, you can trade whenever you want. There is no time limit
friends who have worked in stocks and futures know that stocks and futures have trading time limits. A few hours of trading time in a day is not enough. Digital currency is a real all-weather trading, which can meet the needs of friends who trade in different periods of time. You can trade whenever you are free, even on weekends, It's just so willful
Second, there is no limit on price rise and price fall.
there is no limit on price rise and price fall in the trading of digital currency, that is to say, it can rise and fall freely without any limit. You can say that there is a huge income space, but you can also think that there is too much risk. This is a matter of different opinions. There are good and bad, because the income and risk are positively related. Digital currency trading platform "currency exchange"
the price demand of the market can be truly reflected without the limit of rise and fall, because the rise and fall of the price is a very natural process. When everyone is optimistic, it will rise, and when they are not optimistic, it will fall. This is the law of price fluctuation, and the limit of rise and fall only adds human intervention to the price fluctuation to slow down the price fluctuation, But it can't really stop the price movement. Therefore, there is no limit on price fluctuation, which is the most real price fluctuation and truly meets the market demand and expectation
(3) t + 0 transaction: Generally speaking, the digital currency bought on the same day can be sold on the same day, that is, it can be sold with the buyer. It sounds very powerful. If the digital currency you buy makes money, you can sell it immediately and make it safe; If there is a little loss, you can also sell it immediately to prevent the loss from further expanding. All t + 0 trading system is really very practical, can be very flexible to deal with the hands of the position Four, two-way transaction digital currency can not only buy long, but also sell short. Most of my friends basically understand buying long and bullish, but they don't understand selling short and bearish. This is actually a reverse thinking, the key point is to judge the direction of rise and fall accurately, at the same time, there is a price difference to earn on the linefor example, we can buy at a low price and then sell at a high price to earn the price difference (buy long and be bullish); You can also sell at a high price first, and then come back at a low price to earn a difference (sell short and put). The operation steps are almost the same. It's just a direction of business
Five, margin system margin trading is to pay a part of the margin to buy the relevant digital currency, just like when you buy a house, you only need to pay a certain down payment to buy the house. This is the legendary leveraged trading, but at present only some platforms have leveraged trading. Margin trading (Leveraged trading) has achieved the goal of "small, broad and big", maximizing the efficiency of capital utilization, expanding both profits and losses. We can treat it dialecticallymatchmaking transaction refers to the transaction mode in which the seller entrusts the sales order / sales order in the trading market and the buyer entrusts the purchase order / purchase order in the trading market, the trading market determines the transaction price of both parties according to the principle of price priority and time priority, generates the electronic transaction contract, and makes physical delivery according to the delivery warehouse specified in the transaction order
bitcoin, Ruitai coin, Laite coin, Qianjin card and other related trading platforms mostly use this method.
virtual currency refers to non real currency. There are three main categories:
the first category is the familiar game currency. In the era of stand-alone games, the protagonist accumulates money by knocking down the enemy, entering the gambling house to win money, and using these to buy Herbs and equipment, but it can only be used in his own game console. At that time, there was no "market" between players. Since the establishment of Internet portal and community, the realization of game networking, virtual currency has a "financial market", players can trade game currency
the second type is the special currency issued by the portal website or instant messaging service provider, which is used to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services
the third kind of virtual currency on the Internet, such as Fuyuan currency (FTC), bitcoin (BTC), Wright currency (LTC), etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency.
when you see how complicated it is to make physical banknotes, it's easy to understand why most people don't try to print new forms of currency every day, but it's also very easy for people with only basic programming level to make new digital currency
programming is not the only step to create a new digital currency. Here are three cryptocurrency manufacturers giving you five steps to follow
1. Using the community to cultivate money
Chris Ellis, an entrepreneur from London and an activist in the feather money community, believes that when you consider making a new digital currency, it's easy to assume that the first step is to start currency programming, which is actually wrong
"the first step is to find a community and build a currency around the community, rather than expecting people to show up after building a currency," Ellis said. "It has to meet the needs of the community and be related to their cultural heritage and background."
Feather coin was created by Peter Bushnell in April 2013. Bushnell resigned as head of it at brechnos college, Oxford, because he wanted to create his own people-centered currency. He made the decision after seeing on bitcoin.org, a well-known cryptocurrency website, that the existing cryptocurrencies (such as bitcoin) lack community participation and inclusiveness
since March last year, Ellis has been actively promoting and teaching people the knowledge of cryptocurrency. Although he had not met Bushnell at that time, he was also aware of the alienation and isolation on the bitcoin forum
"these forums are very technology oriented and are not welcome for newcomers or minorities, and usually smaller teams can better serve these newcomers or minorities," Ellis said“ The forum did not make it easier for people to participate in currency development. A lot of people in these forums come to predict prices rather than actively participate in development. "
Ellis found the cryptocurrency community based on feather coin, and he said that technological development has benefited a lot from the community
"we are a group of feather coin encryption enthusiasts, but some of them may not be so easily integrated into other communities," Ellis said. He said everyone in feather money thought it was important to show that a group of loyal people could build a stable currency. Through cooperation, a dedicated community of encryption enthusiasts can better find and solve vulnerabilities and security threats. For example, the feather coin coding community has successfully resisted 51% of attacks
the establishment of such protective measures and the promotion of currency development can make the currency more legitimate and more easily trusted in the eyes of the public. But if the participants are all passive observers who are only for their own interests, it will be troublesome
2. Programming, for the long-term benefit
surprisingly, every currency developer I talked to said the same thing: "programming cryptocurrency is usually the least time-consuming part of the process. This is because all the cryptocurrencies on the market are based on the open source code of bitcoin or lightcoin provided on GitHub. "
Peter otbach, one of the founders of coino, said: "it doesn't take long to create. It could be only one day, "the company claims to be the fastest cryptocurrency on the market, with a maximum trading time of just 50 seconds“ To start programming, you just need to know C + + to create your own functions in it. "
according to Colin Evans, the developer of quark cryptocurrency, it may take longer than a day“ In terms of programming, the most complex steps may be related to the complexity of the parameters you plan to have in the blockchain, "Evans said“ For example, many currencies just use and the lettercoin code, but quark has a new hash algorithm - that is, it is separate from bitcoin and lettercoin - so if you want to change it, it will be the most difficult one. " In this case, it may take months to program cryptocurrency. However, Evans pointed out that if developers just reuse GitHub's code and change some simple parameters, any competent programmer can do it "in 30 minutes."
but just thinking that anyone with C + + skills can make their own cryptocurrency doesn't mean that one day there will be as many kinds of currencies as IOS applications. "Feather coin is actually a branch of Leyte coin," Ellis said“ It starts with a minimum number of parameter changes, because we think the most important feature of money is viability. "
however, the feather coin team noticed that some of the previous currencies did not last long, because they included a new function, which enables investors to make profits through short-term speculation. However, the team was often unable to manage the project as planned for a long time, resulting in the failure of the project. In other words, those failed currency developers may want to create cryptocurrencies and make profits in the short term, rather than in the long term, which is doomed from the beginning
Ellis said: "you have to be responsible for fixing defects, and you have to make a commitment when you launch the currency, and you have a responsibility to inform people of the risks and protect their property." if you can't, then no one will use your currency all the time
3. Let miners appear on the stage
once you develop currency, you need to spread the information so that people can start to excavate the currency, make people aware of its existence, and hopefully start to get some value in the eyes of miners and users. This is where cryptocurrency manufacturers can't think like programmers, but how humans put trust (and value) in things
Ellis of feather coin explains: "a good start is half done, so it's about building trust, expressing your vision and intentions to miners, who have the hardware they need, and giving them the opportunity to meet future opportunities“ You have to be honest and respect people's expectations and tolerance of risk, which many people value
"overheated money sales can be counterproctive, including new features designed just to try or stand out. Markets can test courage and determination. You need a group of loyal, loyal miners who will deal with the deal even when prices plummet, because they believe in the end result. It depends on good communication and team building
"many cryptocurrencies fail because they underestimate" software ". They think that technology can solve all problems. And then it's not what they think it is. You have to be good at being aware of what needs to be done and be ready to do what others don't want to do. "
4. Know your business
if you've done that. You've conceptualized a good cryptocurrency and brought the right team together to develop and nurture it in your own way. You have spread the news on the cryptocurrency forum, and a large number of miners are actively trying to dig your currency. The next step is to market your currency so that all miners can use it. This is not a small feat. After all, you need to convince indivials and businesses that these currencies created by themselves have value and can be traded like traditional trustworthy currencies
"it's a confidence building process," Ellis said“ It takes good management and time to work out what you really believe and advocate. People will be more willing to buy money based on your motives than your actions, so once you are confident, you have to start discussing your money with friends, businessmen, Internet forums and social media. "
Peter otbach agrees with this view that "to start marketing, you need to find the exact target group," he said, "at first you can start with the cryptocurrency market, because people there know the currency, and you will see their first reaction. It's going to be more difficult after that. You need to convince a lot of people who don't even know what cryptocurrency is, so you have to use money as a payment solution for online stores to attract their attention. "
"I want to add that it's not just about ecating them with facts," Ellis said. "It's about encouraging them to learn and discover their strengths. Money is a classified account. It is a tool that people use to achieve their goals and meet their needs. Knowing this will help you make great progress in marketing. "
Ellis believes that the key to getting merchants to accept money is to understand their different views“ Different stakeholders have the same rules. The difference is that miners are speculative and businessmen are more conservative. " He pointed out that businessmen have three main purposes: to make money, to save money and to raise their awareness“ If we can bring them customers and increase sales while recing the cost of payment, the rest of the job is to persevere and make it as easy as possible for them to start working. "
5. Conclusion
from a professional point of view or a traditional point of view, the last step in the journey of making cryptocurrency is to rule the world with money. But given that no currency has dominated the world for 5000 years, no matter what bitcoin enthusiasts in Silicon Valley say - any cryptocurrency
moreover, cryptocurrency domination "is not necessarily the goal," Ellis said“ Currency can be local. In fact, we think feather currency is a local currency that can serve the global market. "
there may be a real market for emerging cryptocurrencies: local currencies for certain communities, cities, events, venues and people. Build around like-minded consumer groups, so that they can trade quickly and freely, and provide security for the important goods and services in their lives. You don't have to rely on central banks and big markets to tell them that coins and paper money are valuable.
it's better not to touch the split order, mutual aid order and subscription order. They may run away at any time, and there is a very big investment risk. If you don't understand digital currency, don't play it. If you are interested, play bitcoin, Ruitai coin and Ethereum, which have a certain market depth.