What does Bitcoin futures mean (Bitcoin futures buying up and down scam)
What does futures Bitcoin mean? Simply put, it is a way for buyers and sellers to reach an agreement in the market to conduct transactions. The so-called contract refers to the signing of contract terms, rather than the actual execution, which means that it does not belong to a specific person or institution, and there is no legal requirement to ensure its exchange price and settlement results
There are two types of futures bitcoin: one is Cryptocurrency sold in spot form, and the other is digital assets linked to the US dollar under certain conditions. Specifically, when the price of Bitcoin exceeds the list price, it will be automatically redeemed 2. If the price of Bitcoin is lower than the listed price, corresponding interest needs to be paid, which will cause losses 3. If investors hope to obtain higher investment amounts than other currencies through leveraged trading or short a certain stock, they can purchase more Bitcoin
Bitfutures buying up and down scam
According to btcmanager, within less than a month of Bitfutures going online, investors lost hundreds of thousands of RMB worth of funds. And some users suffer from similar scams: buying up and down scams to deceive people; After being induced to open a futures contract, the trader discovered that they had already lost half of their losses and then sought help from the other party’s customer service through their phone number. They said, ‘It’s not my fault, I just know I’m waiting for you.’
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