The currency circle all day long

Ⅰ The currency circle plummeted, and some people were in debt of 580,000 overnight. How big is the risk behind virtual currency

The currency circle plummeted, and some people were in debt of 580,000 overnight. The risk behind virtual currency How big is it? Now the entire virtual currency has begun to decline on a large scale, which is a very normal thing, because there is huge uncertainty behind them. Let me give you a detailed analysis, and friends can use it as a reference:

Third, due to the impact of the new crown epidemic, any item will be re-priced, which also affects virtual currency:

After the outbreak of the new crown epidemic, the world’s economic system has been greatly damaged, resulting in many items that need to be re-priced. The virtual currency has developed too fast in recent years, so it needs to be priced again. In this context, they will naturally adjust comprehensively and exceed the expected value, which will naturally lead to the collapse of the virtual currency as a whole. This is also an important factor behind the decline of virtual currency, so everyone must avoid risks.

Ⅱ Behind the crazy currency circle: 100,000 is instantly cleared, what is the real reason for the collapse of the currency circle

For the current entire virtual currency market, this There will be a large-scale slump at that time, because there are certain problems in the entire virtual currency market, and the governments of various countries have continued to strengthen the crackdown on the entire bitcoin market, so for the entire bitcoin market, its overall market size In the continuous reduction, the vast majority of institutional investors are cashing out at a high level, so for the entire virtual currency market, it is currently paying attention to a relatively low position.

More importantly, the crackdown on Bitcoin by various governments is also gradually increasing, especially for some developed economies, their attitude towards Bitcoin is 0 tolerance, Therefore, various policy measures have been taken to close the Bitcoin trading platform, so the price of Bitcoin has also dropped significantly.

Ⅲ The currency circle collectively collapsed, 220,000 people were liquidated, will the virtual digital currency market continue to be optimistic?

From the currency circle collective collapse, 220,000 people Analysis of the situation of liquidation has further deepened the concerns of outsiders about virtual digital currencies, and their market has gradually been recognized and less optimistic.

The fourth reason is that virtual digital currency has the characteristics of insecurity. To put it bluntly, this kind of virtual digital currency without physical support is just a string of data on the Internet. This data situation is very vulnerable to hackers. In fact, virtual digital currency has indeed been subjected to a lot of attacks. For the theft of the hacker, there is no way to give a certain amount of investigation afterwards. For those customers who have stolen virtual digital currency, it is completely the result of self-confidence.

Ⅳ What does it mean to cut leeks in the currency circle? What can I do to avoid being cut leeks by others?

Cutting leeks means that Xiaobai has just started investing and doesn’t quite understand Routines of ups and downs. Seeing that it has risen a lot, I am worried that if I don’t buy it, it will rise again, so I buy it at a high price. If you cut the flesh, you will really lose a lot. How to avoid being a leek? There are 3 points. The first is to learn. Only by understanding the routine can you avoid chasing up and down. Second, choose a good exchange, such as Huobi (huobi point pro), Bit Rabbit Exchange (bitrabbit com), etc., why? Because a good exchange has several characteristics, first of all, a good exchange can consider users for the sake of users, not to cut users as leeks, and the second best exchanges have strict risk control, do not The Air Project garbage project will be launched, which will prevent you from selling coins that return to zero. The third point is to buy coins for high-quality projects. Hope to accept.

Ⅳ What are some professional terms in the currency circle

Explanation of 26 common terms in the blockchain industry

1, Blockchain—— Blockchain

Blockchain is a new application mode of computer technology such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithm. is a shared distributed ledger in which transactions are permanently recorded through additional blocks.

2. Block—Block

In the Bitcoin network, data is permanently recorded in the form of files, which we call blocks. A block is a set of records of some or all of the latest Bitcoin transactions that have not been recorded by other previous blocks.

3. Node – Node

A copy of the ledger operated by the participants of the blockchain network.

4. Decentralization

Decentralization is a phenomenon or structure that must appear or exist in a system with many nodes or in a group with many individuals. The influence between nodes will form a nonlinear causal relationship through the network.

5. Consensus mechanism

Consensus machine� Through the voting of special nodes, the verification and confirmation of the transaction is completed in a very short time; for a transaction, if several nodes with irrelevant interests can reach a consensus, we can think that the whole network can also reach a consensus on this. consensus.

6. Pow – Proof of Work

Proofof Work means how much currency you get, depending on the amount of work you contribute to mining, the better the computer performance, the more money you get There will be more mines.

7. PoS – Proof of Stake

Proofof Stake, a system for distributing interest based on the amount and time of currency you hold. In the POS mode, your “mining” The profit is proportional to your coin age, and has nothing to do with the computing power of your computer.

8. Smart contracts

Smart contracts are computer protocols designed to spread, verify or execute contracts in an information-based manner. Smart contracts allow for trusted transactions without third parties that are traceable and irreversible.

9. Timestamp

A timestamp refers to a string or encoded information used to identify the recorded time and date. The international standard is ISO 8601.

10. Turing completeness

Turing completeness refers to the ability of a machine to perform computations that any other programmable computer can perform.

11. Dapp – Decentralized Application

It is an open-source application that runs automatically and stores its data on the blockchain in the form of cryptocurrency tokens. Form incentives and operate with protocols that show proof of value.

12. DAO – Decentralized Autonomous Organization

It can be considered as a company that operates without any human intervention, and gives all forms of control to a set of Broken business rules.

13. PrivateKey – Private Key

A private key is a string of data that allows you to access a token in a particular wallet. As cryptocurrencies, they are hidden from all but the owner of the address.

14. PublicKey – public key

is paired with the private key. The public key can calculate the address of the coin, so it can be used as a certificate for owning the coin address.

15. Miners

A computing device or software that attempts to create blocks and add them to the blockchain. In a blockchain network, when a new valid block is created, the system generally automatically gives the block creator (miner) a certain amount of tokens as a reward.

16. Mining Pool

It is a fully automatic mining platform, which enables miners to contribute their respective computing power to mine together to create blocks and obtain block rewards. And distribute profits according to the proportion of computing power contribution (that is, the mining machine accesses the mining pool – provides computing power – obtains income).

17. Public chain

A completely open blockchain refers to a blockchain that can be read by anyone, can be sent by anyone, and the transaction can be effectively confirmed. Everyone in the world can participate in system maintenance, and anyone can read and write data through transactions or mining.

18. Private chain

The write permission is only for a blockchain of a certain organization or a specific few objects. Read permissions can be open to the outside world, or restricted to any degree.

19. Consortium chain

The consensus mechanism is a blockchain jointly controlled by a number of designated institutions.

20. Sidechains

pegged sidechains technology (pegged sidechains), which will realize the transfer of bitcoin and other digital assets between multiple blockchains, which This means that users can access the new cryptocurrency system while using their existing assets.

21. Cross-chain technology

Cross-chain technology can be understood as a bridge connecting various blockchains, and its main application is to realize atomic transactions, asset conversion, regional Information exchange within the blockchain, or solving Oracle problems, etc.

22. Hard forks

The blockchain has a permanent divergence. After the release of the new consensus rules, some nodes that have not been upgraded cannot verify the blocks produced by the upgraded nodes. Usually a hard fork happens.

23. Soft fork

When the new consensus rules are released, nodes that have not been upgraded will produce illegal blocks because they do not know the new consensus rules, which will generate Temporary fork.

24, Hash——Hash value

Generally translated as “hash”, there are also direct transliteration as “hash”. Simply put, it is a function that compresses a message of any length into a message digest of a fixed length.

25. Main chain

The term main chain originates from the main network (as opposed to the test network), which is an officially launched, independent blockchain network.

Those who don’t know the “jargon” of the currency circle, come and learn:

1. What is fiat currency?

Fiat currency is legal tender, issued by the state and the government, and only guaranteed by government credit, such as RMB, U.S. dollar and so on.

2. What is token?

token, usually translated into token. Token is one of the important concepts in the blockchain, it is more widely known as “token”, but in specializedFrom the perspective of industry “chain circle” people, its more accurate translation is “token”, which represents a proof of rights and interests on the blockchain, rather than currency.

Three elements of Token

One is the digital proof of rights and interests. The certificate must be a proof of rights and interests in digital form, representing a right, an inherent and intrinsic value;

Second, encrypted currency, the authenticity of the certificate, tamper-proof, privacy protection and other capabilities are guaranteed by cryptography;

The third is to be able to flow in a network, thereby Verification can be done anytime, anywhere.

3. What is Jiancang?

Opening a position in the currency circle is also called opening a position, which means that a trader newly buys or sells a certain amount of digital currency.

4. What is Stud?

Coin circle stud means putting all the principal in.

5. What is an airdrop?

Airdrops are a very popular cryptocurrency marketing method. In order to allow potential investors and cryptocurrency enthusiasts to obtain token-related information, the token team conducts frequent airdrops.

6. What is lock-up?

Locking generally refers to investors opening new positions opposite to their original positions after buying and selling contracts, when the market moves in the opposite direction to their own operations, also known as pair locks, order locks, or even U.S. It’s called Double Flying Butterfly.

7. What is candy?

The candy in the currency circle is the digital currency that is distributed to users for free at the ICO of various digital currencies.

8. What is a break?

Breaking refers to falling below, and hair refers to the issue price of digital currency. A currency break is when a certain digital currency falls below the issued price.

9. What is private placement?

Private placement in the currency circle is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for the operation of the platform.

10. How do you see the K-line chart?

Candlestick Charts, also known as candle charts, Japanese lines, yin and yang lines, stick lines, red and black lines, etc., are commonly referred to as “K lines”. It is plotted with the open, high, low and close prices for each analysis period.

11. What is hedging?

General hedging is to carry out two trades related to the market at the same time, in opposite directions, equal in quantity, and offsetting profits and losses. In the futures contract market, buy the same amount of positions in different directions, and when the direction is determined, close the positions in the opposite direction, and keep the positive direction for profit.

12. What is the position?

Position is a market agreement that promises to buy and sell the initial position of the contract. The person who buys the contract is a long position and is in a position that hopes to rise; the seller of a contract is a short position and is in a position that hopes to fall.

13. What are the benefits?

Positive: Refers to the news that the currency has received mainstream media attention, or that there is a breakthrough in the application of a certain technology, which is conducive to stimulating the price increase, which is called a good news.

14. What is bad?

Bad: news that prompts a fall in currency prices, such as bitcoin technical problems, central bank suppression, etc.

15. What is the rebound?

The price adjustment phenomenon in which the currency price rebounds due to the rapid fall in the downward trend. The rise is less than the fall.

16. What is leverage?

Leveraged trading, as the name suggests, is to use a small amount of capital to invest several times the original amount, in the hope of obtaining several times the rate of return or loss relative to the fluctuation of the investment target.

Ⅵ What is the origin of Justin Sun, the post-90s “big guy in the currency circle”

VII The currency circle and chain What is the difference between the circles?

Chain circle”, “coin circle” and “mining circle” are not clear to many people, but apart from those connections, the essence of the three is actually quite different. In the blockchain ecology, it is currently roughly divided into three circles, namely “chain circle”, “coin circle” and “mining circle”. The three are related to each other, but they are also very different.
Chain circle – chain The circle, the representative of the technology school. The threshold is higher than the other two circles, mainly focusing on the development and application of blockchain technology, so it is difficult for ordinary people to step in.
Blockchain can Divided into three stages: private chain, public chain and alliance chain.
The currency circle – the currency circle, can be said to be the most colorful circle. It focuses on the speculation of encrypted digital currency, which is the lowest entry threshold among the three circles. The main features are the issuance of coins and hype. The coins issued based on blockchain technology are mainstream coins, such as Bitcoin, Ethereum, etc., with less risk. The coins issued by ICO are altcoins, which have certain risks and hype. It is because of the lack of supervision in the industry and the common cause of background trading. At present, China has banned ICO.
Mining circle – mining circle, is a circle of people who focus on “mining”. This mining is different from life It is an act of mining in order to obtain virtual currency rewards. Those who participate in mining are called miners.
Mining requires the help of tools.Computers can mine, and then as the number of mining people continues to increase, it begins to develop into mining machine mining and mining pool mining. The cost of mining is relatively high, such as huge power consumption, and the electricity bill is also a large expenditure.
The threshold of the mining circle is slightly higher than that of the currency circle, but lower than that of the chain circle. Most people have heard of mining, but few people actually participate in mining.
Compared with the chain circle and the coin circle, the mining circle will also be affected by the external natural environment, such as the damage of the mining machine in the mining farm.
In the current context, the concept of hyping blockchain is meaningless. Blockchain practitioners must find a way to contribute value to the society and create wealth instead of evaporating wealth. Therefore, we do not distinguish between the currency circle and the chain circle, and the one that can create value is the good circle.
Lianqiao Education Online’s Xueshuo Innovation Blockchain Technology Workstation is the only approved “blockchain technology major” pilot project carried out by the School Planning and Construction Development Center of the Ministry of Education of China. workstation. The professional station is based on providing students with diversified growth paths, promoting the reform of the training mode of combining professional degree research, production, learning and research, and building an applied and compound talent training system.

Ⅷ The collective collapse of the currency circle, what is the situation?

Recently, a news of “the collective collapse of the currency circle” has aroused heated discussions among netizens , There is a lot of uproar on the Internet. So, why the collective collapse? I think the trigger for this incident was Musk. Because of Musk’s recent remarks, virtual currencies have skyrocketed and plummeted. Second, the main reason is that the three major associations have joined hands to rectify virtual currencies, began to cut off the trading channels of RMB and Tether, and began to ban mining companies. Third, this caused a bloodbath in the market, with more than 200,000 people liquidating their positions, evaporating tens of billions. So what is the specific situation? I’m here to share my opinion with you.

One. Fuse

The fuse of this time must belong to Musk. Musk’s influence on the market is really great. It’s not so much a virtual currency as it is a mark. Musk used his influence on the market to repeatedly bullish and bearish virtual currencies for free. This led to a sharp rise and a sharp fall. And this time, the three major associations began to rectify virtual currency for such behavior, which led to a plummet. Musk’s influence is really too great.

The above is my opinion on this issue, which is purely personal and for reference only. If you have any different views, you can leave a message in the comment area, and let’s discuss together.

IX What does the currency circle mean

The currency circle is a term or concept in the blockchain industry. It is a group of concerned about virtual encrypted digital currency. Or a circle formed by people who issue their own digital currency to raise funds. The largest currency trading platform in China is OKEx.

Ⅹ The currency circle has been in shock for 100 days, and what is the reason for the collapse of the currency circle?

So now the price of virtual currency has begun to plunge. But this does not mean that the virtual currency is now on the brink of extinction, mainly because the global digital currency has not yet developed. To a certain extent last year, money could not be replaced in a short period of time. Under such circumstances, the skyrocketing and plummeting of virtual currency is of course also related to the personal property of many people, so today we will discuss whether virtual currency will perish.

Third, the root cause of the demise of virtual currency.

So many people say that virtual currency is a direction of future development, representing true digitization. But to a certain extent, in order to achieve true digitalization, on the one hand, technological innovation is required, and on the other hand, changes in economic rules are required? Obviously, such conditions are not yet available, so virtual currency is only a simple investment channel to a certain extent, and it is still difficult to replace the current economic rules.

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