What is cryptocurrency?
Cryptocurrency is a type of digital currency created through code. They are outside the traditional banking and government systems
Cryptocurrencies are significantly different from traditional fiat currencies.
It was created to provide an alternative way to pay for online transactions. However, cryptocurrencies have yet to be embraced by businesses and They are widely accepted by consumers and their prices are now so volatile that they are not suitable as a method of payment. As a decentralized currency, its development is not overly constrained or influenced by the government, whereas cryptocurrencies are The economy is monitored by peer-to-peer Internet protocol. The units that make up a cryptocurrency are encoded to represent one Unit of encrypted data string.
The concept of Bitcoin was first proposed by Satoshi Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to satoshi nakamoto's ideas, open source software and P2P network are designed and released. Bitcoin is a peer-to-peer form of digital currency. Bitcoin's transaction record is open and transparent. Peer-to-peer transmission implies a decentralized payment system.
Ethereum is an open source public blockchain platform with smart contract capabilities that provides a decentralized Ethereum Virtual Machine to process peer-to-peer contracts through its dedicated cryptocurrency Ether (ETH).
Advantages of cryptocurrency transactions
Occupy the margin flexible, warehouse price of 10%
T+0 two-way trading, up and down can be profitable
99.97% execution rate and fast execution
Investment value effect is large and the market transparency is high
Why trade cryptocurrencies?
Cryptocurrencies trade in both directions, allowing you to go long (buy up) and short (buy down).
Simply put, if you think cryptocurrency prices are going to go up, buy it; If you think it will go down, sell. If the direction is correct, then earn the intermediate spread.
Calculation is as follows: Total profit and loss = (ask price -- bid price) x contract unit x number of trades ± overnight interest
Note: When closing a position on the opening day, there is no need to pay overnight interest; the actual overnight interest is based on actual transactions; no commission is charged for orders placed on the CM Trade platform.
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