Bitcoin contract cannot be opened

① A friend asked me to invest in a bitcoin contract and then he didn’t give me the money. Can I file a lawsuit for this?

If your friend asked you to invest in a contract with him Doing business in partnership, such as making money, is like investing in Bitcoin as you said, but now he doesn’t give you any money, it may be that the investment failed. The capital should also be returned to you, and there must be evidence to file a lawsuit.

② How can bitcoin contracts only be played on OKEX?

To play contracts, users must have depth. Except OKEX, contracts on other platforms cannot be played. .

③ What is a Bitcoin contract

Basics of a Bitcoin contract

A Bitcoin contract means that you don’t need to actually own Bitcoin. The contract for the transaction. It is very different from currency-to-currency transactions, which must be physically held in digital currency.

Bitcoin contracts allow you to predict Bitcoin price movements and hedge risk. This way of trading means you are investing in price trends, not the asset itself.

When trading Bitcoin contracts, you can decide to go short or long. Choosing to go long indicates that you expect the price of Bitcoin to rise. On the other hand, choosing to go short indicates that you expect the price to fall.

Leveraged trading

You can choose to trade with high leverage, which is a feature of Bitcoin contracts. Using leverage means that you do not have to invest 100% of the transaction amount when trading contracts. Instead, you only need to deposit an initial margin, which is only a fraction of the total contract value.

Leveraged trading allows you to have a large exposure with a small amount of money while managing risk.

Perpetual Contracts

Although there are many different types of contracts, this article focuses on perpetual contracts. As the name suggests, these contracts have no expiration date. Traders who use perpetual contracts to go long or short can hold their positions indefinitely, unless the contract is liquidated, which means they will not lose more than their initial margin.

In perpetual contracts, Bitcoin is priced based on a specific index price. Index prices are based on the average price of Bitcoin across multiple cryptocurrency exchanges.

Bitcoin contracts have become a very popular trading tool. Contract trading opens the door for many traditional investors who are not ready to allocate funds to digital assets but still want to benefit from attractive price volatility.

To open Bitcoin contract trading, you need to find an exchange that offers contract trading. The AAX platform, in a compliant and secure environment, provides you with bitcoin contract trading services.

④What does Bitcoin contract trading mean

Contract trading is a general term for Bitcoin Litecoin futures contract trading.
In June 2013, 796 Exchange was the first in the bitcoin industry to develop bitcoin weekly delivery standard futures—T+0 two-way trading virtual commodities as collateral barter contracts (contract transactions).
The emergence of contract trading ended the previous history that Bitcoin could not be shorted, and opened the prelude to the development and prosperity of the Bitcoin derivatives market.

Reminder: The above information is for reference only and does not represent any advice.

Response time: 2020-12-16, please refer to the official website of Ping An Bank for the latest business changes.
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⑤ How to play Bit Currency contract

The contract can be completed directly on the Bitcoin trading platform, and the leverage is the contract. However, the trading platform must be selected well, such as Huobi, Canadian currency station, etc. are more suitable, mainly because the main platform of the platform is the Bitcoin contract, in this way, many times the platform does activities about the contract users, and if you are in In the above, you can enjoy the corresponding benefits.

⑥ How to open an OKEX bitcoin contract account

First of all, you must have an OKEX account, and then pass the contract test.

⑦ How to trade Bitcoin contracts

Similar to futures contracts, it is a trading method proposed by BitStar.
The leverage of the Bitcoin virtual contract is represented by the stable leverage at the level of fiat currency income: investing $100, the income you can get = $100 * Bitcoin’s rise and fall * fixed leverage multiple.
Assuming that the current price is 500USD/BTC, an investor buys one BTC at the current price, and the principal is 500USD. At this time, the investor can buy 50 BTC virtual contracts. At this time, if the BTC price rises to US$750, an increase of 50%, the investor’s contract income is 3.3333 BTC, and after selling at the current price, he can obtain US$2,500, and the income is 5 times the principal investment. If the price rises to $1,000, the contract income is 5BTC, and the dollar income after selling is$5,000, 10 times its dollar income. No matter how the price fluctuates, the leverage of the contract is very stable, which makes it convenient for merchants to hedge with the contract and for ordinary investors to manage their positions.

⑧ Bitcoin contract game rules

Trading hours
Contract trading is 7*24 hours, only on Fridays at 16:00 (UTC+ 8) Transactions will be interrupted during settlement or delivery. In the last 10 minutes before delivery, the contract can only be closed, but not opened.
Trade Types
Trade types are divided into two categories, opening and closing positions. Open and close positions are divided into two directions: buy and sell:
Buy and open long (bullish) means that when the user is bullish or bullish on the index, he newly buys a certain amount of a certain contract. Carry out the “buy to open long” operation, and the long position will be increased after the match is successful.
Selling to close long positions (long position closing) refers to the selling contracts that users make up for the future index market when they are no longer bullish, and offset with the currently held buying contracts to offset the exit from the market. Carry out the “sell to close long” operation, and the long position will be reduced after the match is successful.
Sell and open short (bearish) refers to a new sale of a certain amount of a certain contract when the user is bearish or bearish on the index. Carry out the “sell to open short” operation, and the short position will be increased after the match is successful.
Buy to close the short position (short order to close the position) refers to the buy contract that the user is no longer bearish on the future index market and makes up the contract, which is offset with the current sell contract to offset the exit from the market. Carry out the “buy to close short” operation, and the short position will be reduced after the match is successful.
Order method
Limit order: The user needs to specify the price and quantity of the order. Limit orders can be used to open and close positions.
Order at the counterparty price: If the user chooses the counterparty price to place an order, the user can only enter the order quantity, and cannot enter the order price.
The system will read the current latest counterparty price at the moment of receiving the order (if the user buys, the counterparty price is the sell 1 price; if it is sell, the counterparty price is the bid 1 price), and then place the order. A limit order for this counterparty price.
Positions
After a user opens a trade, he/she has a position, and the positions of the same contract in the same direction will be merged. In a contract account, there can only be a maximum of 6 positions, namely, long position in the current week, short position in the current week, long position in the next week, short position in the next week, long position in the quarterly contract, and short position in the quarterly contract.
Order Restriction
The platform will limit the number of positions held by a single user in a certain period of contracts and the number of orders placed for a single open/close position to prevent users from manipulating the market.
What is the Bitcoin contract gameplay? Through the above introduction, I believe that everyone has some understanding of the Bitcoin contract gameplay. The Bitcoin contract is simply not complicated. There are two main functions of the Bitcoin contract. One is to hedge the future. Risk, also known as hedging. The other is that Bitcoin contracts have leverage, so they can amplify their profits with a small amount of money. Of course, if investors make mistakes in judgment, they will also amplify losses.
1. What is contract transaction?
Contract trading is actually very simple, it is a two-way transaction, you can buy up (long) or buy down (short), you can sell as you buy, you can buy in the last minute, and you can close the position when the order is profitable in the next minute, as long as It can be profitable in the right direction, and the contract trading mechanism is more flexible, which is also the current trend in digital currency investment.
2. What is a perpetual contract and what is the difference between it and an ordinary delivery contract?
Perpetual contract is an innovative financial derivative product, which is similar to traditional futures contract, the biggest difference is: perpetual contract has no expiration date or settlement date, and users can hold positions indefinitely.
In addition, the perpetual contract introduces the concept of spot price index, and through the corresponding mechanism, the price of the perpetual contract returns to the spot index price. Therefore, unlike traditional futures, the price of the perpetual contract will not change most of the time. Too much deviation from the spot price.
Imagine a futures contract for a physical commodity, such as gold. In traditional futures markets, these contracts mark the delivery date for gold. That is, gold should be delivered when the futures contract expires. Since in the traditional futures market, one party is required to actually hold gold, this will lead to the “holding cost” of the futures contract.
The essence of a perpetual contract is the same as that of a delivery contract. The difference is that the delivery contract has a delivery date. On the delivery date, no matter whether your order is profitable or in a loss, you will be forced to sell it. Yes, you can sell whenever you want, there is no delivery date.
3. What are the advantages of operating perpetual contracts?
Perpetual contracts are not limited by time and have no delivery date. Traders can hold for a long time to obtain greater investment returns. At the same time, perpetual contracts provide up to 100 times leverage, and traders can flexibly adjust after opening positions according to their trading needs. The platform provides flexible risk protection while ensuring the best trading experience for traders.
Automatic lightening machineThe system ensures the interests of traders and is used to determine who is responsible for forced liquidation, effectively ensuring that the interests of traders are not affected by huge losses caused by high-risk speculators. In addition, a double price mechanism is adopted, and the mark price is used as the trigger price for liquidation, and the mark price refers to the spot price of the global mainstream trading platform in real time.
Perpetual contracts can only use 1% of the market value of the coin to participate in the transaction, which is impossible for hoarding coins, and it takes up very little funds. That is to say, at a price of around $10,000 in BTC, one BTC can be traded for around $100 on a perpetual contract. The most important thing in operating a contract is the direction and position of buying and selling. The most important thing is to operate on the perpetual contract platform of a regular exchange, and you can enjoy one-to-one guidance every day to help you grasp the biggest market situation and avoid the risk of reverse operation.

⑨ What are the defects of the Bitcoin contract

The biggest disadvantage of the contract is that it is too risky. Well, after all, that is the way for the dealers to eat. A few days ago, there was a double explosion of long and short positions. It exploded 6 billion yuan in one day, and the dealers became the biggest beneficiaries. I used to play contracts on Huobi. I went to the matcha account, specially playing spot, and left the place that made me sad

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