Currency risk

The number of virtual currencies is huge, and there are many money pairs. How to choose?


The main choice is to choose two, one denomination currency and one transaction currency.

See the description of the currencyhttp://iccr.io/view-362.html





In the selection of CCR robots, the currency pairs have been initially classified. After selecting the official recommendation and the mainstream currency pair, it can be regarded as the mainstream currency pairs in the list, thus avoiding the risks of air coins and altcoins. For further selection, the following suggestions are available:


A. Principle of currency selection:


1, platform supportAt present, the trading platform supported by CCR supports four kinds of pricing currencies, two of which must be BTC and USDT, the third one may be ETH, or the platform may issue currency, which kind of pricing currency can be bought, mainly depends on the trading platform support. Which one.


2、BTC和ETHBTC is the veteran of virtual currency. The market has the highest degree of acceptance. The investors are the most recognized, the most well-known and the highest in status. Therefore, the platform chooses to support BTC as the transaction currency. Other denominated currencies also have the currency pair with BTC as the transaction currency. ETH is a blockchain 2.0, which belongs to the evolutionary version of BTC on a technical level, so the market acceptance is also high and its popularity is also very large. The prices of these two types of virtual currencies fluctuate greatly. If you choose to hold these two currencies, you need to be psychologically prepared to withstand the skyrocketing and plunging.


3、USDTThe USDT is a special kind of virtual currency. The issuer announces that USDT is directly linked to the US dollar. One USDT equivalent is exchanged for US$1. There will be no sharp price fluctuations, but it will rise due to exchange rate fluctuations between the US dollar and the national currency. If you are striving for stability, you can choose to hold USDT.


4、Platform currencyEach exchange has its own virtual currency, which is the platform currency. The price of the platform currency also has market fluctuations. The platform currency is first recognized under its own platform, and is given a certain equity and initial price. Users who own the platform currency can directly use the platform currency to conduct transactions or project investment in the platform, and the exchange rewards the user with priority. Later, it may be logged into other exchanges and will be supported by various blockchain wallets. If you are optimistic about the development of the exchange, or you are optimistic about certain items on the platform, you can hold the platform currency, but if you trade on multiple exchanges, holding the platform currency may be detrimental to circulation.




B. Principles of trading currency selection:


1、Valuation currency principleThe principle of the largest currency is that you use the currency (legal currency, such as RMB, US dollar) to buy which currency to be denominated, that is, to hold the currency of the valuation, and thus determine the currency pair that can be selected, such as only having USDT. There is no way to buy BTCHT directly on the fire coin, you can only buy BTCUSDT and other currency pairs ending in USDT.


2、Currency principleWhen it comes to virtual currency, even people outside the currency circle, the first impression will also think of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), etc. This is the currency in the currency, in more than 1,000 currencies. Among them, the most famous currency that everyone thinks of first impressions should be a good choice.


3、Platform recommendation principleThe Coin Exchange divides each currency pair into a main zone, an innovation zone, and a fork zone. It is recommended to select the main zone.The Innovation Zone is similar to the A-share GEM, which is mainly a new currency. They need to get funds in the market, including gold and risks.The cents are mainly new currencies coming out of a certain currencyUnder the will of the issuer, the original currency was technically optimized, improved, and some technologies or codes that the improvement party considered to be insufficient were removed, and some new technologies were used.Eventually, the new category will be forked, and the risk is greater than that of the innovation zone. The more famous forks have Bitcoin Cash (BCH) and Ether Classic (ETC), and they have all been promoted to the main zone.


4、Background principleThe real face of virtual currency is based on the technology behind the blockchain. It depends on whether a currency is a good currency, and the technology and team behind it can be seen.Bitcoin is known as Blockchain 1.0, and Ethereum is known as 2.0, based on the technology behind it. EOS wants to do 3.0, but the controversy is very big.We need to look at their white papers, whether they have written technical features, technical notesIt depends on whether there is a real project based on the technology in reality, whether it is built on the technology platform or the team is responsible for the release and maintenance, how the team works, whether there are real investors, which capital has participated in the investment, and how many years have been issued. How much was issued,How much is the circulationhow many blockchain wallets are included, market acceptance, price fluctuations, etc.It is generally recommended to choose the currency that is acquired on the technology platform, such as Bitcoin, Ethereum, etc., and the currency issued by the institution and the company itself needs to be carefully considered.