MOL Moore Chain Academy - the currency circle under the bear market, is becoming a paradise for crazy gambling and fraud

MOL Moore Chain Academy: Today's cryptocurrency field is like the 17th century New York: the population is less than 1,000. The people on the street come from all directions, mixed with each other, and speak more than 18 languages. They only have one purpose here - to make money. It is wild, primitive, grassroots, and at the same time condenses all the greed and shrewdness of the world, and finally bred the financial market. However, the zero-sum game played in the financial market, the winner is always a minority.

With the air bubble bursting in the second half of 2018, in order to survive the winter, the major currency exchanges have launched futures contracts and perpetual contracts, even hundreds of times. On the other hand, there are unwilling gamblers who fantasize that they are on the top of their lives, and the atmosphere of gambling and fraud in the entire currency has risen sharply.

For example, a "world's leading Bitcoin, Litecoin, Ethereum trading platform", the platform provides up to 100 times the perpetual contract leverage, as their agent, as long as it can bring a transaction, can return 77% of the position ( Guest damage), plus 70% of the handling fee. Another well-known exchange, the same on the non-small, top-ranked, daily trading volume of 500 million US dollars, "the agent can return 75% of the customer damage, 75% of the handling fee."

Qian Haitao, founder of Moore Chain MOL, believes: "Under the current bear market, these exchanges do so, making money, layout is simple, and easy to control. As long as the money is on the exchange, there are many ways to trade retail investors. There is no return to the blood. Explosion of the warehouse or restrictions on the withdrawal of coins is a common means, or directly to run the money. However, for these exchanges, the source of the user is a major problem, so there is an agent system, and even gave up Most of the profits are given to agents."

Qian Haitao said: "This has nothing to do with the blockchain. It is nothing more than turning the chip into a digital currency. It includes a platform for illegal speculation in silver and foreign exchange. They can't control the price of international foreign exchange, but they can control the software. The price displayed. Moreover, there is no uniform price for encrypted digital currency. It is normal for each exchange to burst and explode, which is different from other market prices."

According to public data, there are currently more than 10,000 encrypted digital currency exchanges in the world. With the price of the currency falling, the dreams of ten times, hundred times, and ten thousand times of all kinds of leeks are difficult to realize. The trading volume of the whole market is also sharply reduced, and major exchanges are in urgent need of products to go online. Futures contracts and perpetual contracts are becoming a new machine for collecting money on major exchanges, attracting the hearts of all kinds of leeks.

Why are people so keen to use leverage in their lives, especially in economic activities?

The root of it is a word - fast. By adding leverage, you can artificially change the initial rules of many games. Things that would have taken ten years to complete, if you add extra leverage, hopefully it will be achieved in two years or even a year.

At the same time, the vast majority of people who have entered the currency circle can't wait for the bull market that is in the foreseeable future. Investors who are stuck in the high position urgently need an effective way to solve the problem as soon as possible.

Not afraid of a small leverage, I am afraid that the leverage is not big enough.

According to the definition of financial market, a futures contract is a target or subject matter of futures trading, which is uniformly formulated by the futures exchange, and specifies a standardized contract for the delivery of a certain quantity and quality of goods at a specific time and place. Futures prices are achieved through open auctions.

The reasonable way to open futures and options is to hold the spot for hedging, and any leveraged behavior means huge risks. Especially the volatility of such a highly volatile asset, in the eyes of many professional investors, the leverage is simply opium plus Shanghai Luo, after the addiction is home to death.

Leverage multiple is the biggest feature, suitable for gamblers to lose the principal at the fastest speed. Four or two thousand futures contracts satisfy the gamblers' greatest desires.

At present, including the world's top exchanges, they are pushing futures contracts and perpetual contracts, and they have hundreds of times of leverage, draped in blockchain coats to attract investors who are eager for wealth and unclear truth. The entire currency circle is becoming a paradise for crazy gambling and fraud.

What exactly is the blockchain?

In the words of Qian Haitao, the founder of Moore Chain MOL, “The blockchain should make the Internet a genius, an open network of merits. Based on the atomic physics world, the government maintains order, and reasonable humans have proliferated. Living infrastructure, real estate, automobiles and other real estate and the real economy have their own laws, and it is not necessarily necessary to monetize their numbers. We believe that any exaggeration of the scope of technology available is a deceptive behavior. So Bitcoin and Moore are all focused on digital assets that most require blockchain technology."

Finally, I shared a paragraph from the founder of the Moore Chain MOL, Qian Haitao: "At present, the blockchain is still in the most wild and primitive stage, but I firmly believe that cryptocurrency will change the world, replace the stock market, most currencies, and Machine-to-machine payments, the Internet of Things, to streaming media, forecasting markets, governance systems, voting systems, and even everything on the Internet. Having said that, cryptocurrencies still have a long way to go. Most of them are still in a very early stage."