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Why are most people in the currency circle not suitable for contracts?
Not most people, but actually everyone is not suitable for contracts.
In fact, many people do not understand the usage of contracts. Contracts are actually the futures we see in reality.
Financial products like futures were invented, but they were not essentially intended for speculation. But to avoid danger.
For example, you are in the bulk product business. Let me give you an example. You work in steel.
You have imported tens of thousands of tons of steel, but you are afraid that the steel will be sold in your hands. It may have been three months since the ship arrived.
You are afraid that you will lose money if it falls below the cost. People are afraid that this will affect the development of the steel business, because no one can do a loss-making business. The profits of steel are not very high in the first place, so we still have to take this risk.
So someone provides you with a contract product. You buy a contract for steel prices to fall in the futures market. If the steel arrives in Hong Kong, it will fall.
You lose money on spot money, but you make money on futures money. If it goes up, then you lose money on futures and make more money on spot prices.
This way your profits are locked in.
Regardless of steel or crude oil, there is evidence to be found and there is physical delivery. For example, if a war breaks out, oil prices may rise. Steel may rise.
But who will have a big demand for the big pie now, and no one has the opportunity, so for the convenience of speculation, people now forcibly start to link up with the Federal Reserve, and the big pie has really become a financial technology stock in this ideology.
Contracts in the currency circle are generally perpetual contracts and do not require physical delivery.
I use contracts myself, actually for the purpose of arbitrage. For example, I participate in a staking mining activity, but I don’t have the currency in my hand.
I can only buy in the spot market and short in the contract market. That way I locked in the profits from mining.
But many people use it for trading, but I only use it for hedging.
Trading means guessing the rise and fall. The currency circle may rise or fall by 5-30% in a sudden. It is easy to get liquidated if the leverage is more than 3 times. If there is not enough margin, it is very easy to liquidate the position. If your position is liquidated, you will lose all your principal.
So guessing the size is the same as guessing a coin. If many people teach you how to place orders, they will teach you how to analyze pictures.
Then you can do your own statistics. You can pull the historical data and block the subsequent routes.You can look at the technical analysis to see how likely you are to be right about the ups and downs. Then record it.
Then take another dice and roll it yourself. If it is 135, you will be high, and if it is 246, you will be small. You can try it, your analysis winning rate may not be as good as dice.
So can you still make money on the contract? This is basic probability statistics. As long as you have primary school mathematics, as long as you learn it well, you will not be able to do well, and you will make a contract without any preconditions.
But many people don’t understand that they can’t achieve unity of execution and just trust their own feelings. It's a pity that in this world, you can't make money by relying on feelings. What you need is cognition, what you need is logic.

Overview of unlocking data this week: OP, GAL, and IMX will receive a one-time large amount of unlocking
At 12:00 on October 30, Optimism will unlock 24.16 million OP, worth approximately US$34.31 million, accounting for 2.74% of the circulating supply;

At 8:00 on October 31, Sui will unlock 4.9 million SUI (4.9 million will be unlocked on the first day, and 900,000 will be unlocked every day for the next 29 days), worth approximately US$2.23 million, accounting for 0.57% of the circulating supply;

At 23:00 on October 31, dYdX will unlock 2.155 million DYDX, worth approximately US$5.39 million, accounting for 1.21% of the circulating supply;

At 15:00 on November 1, Acala will unlock 27.43 million ACAs, worth approximately US$1.42 million, accounting for 3.31% of the circulating supply.

At 18:00 on November 4, ImmutableX will unlock 18.74 million IMX, worth approximately $12.74 million, accounting for 1.55% of the circulating supply.

At 18:00 on November 5, Liquidity will unlock 667,900 LQTY, worth approximately US$1.12 million, accounting for 0.71% of the circulating supply.

At 20:00 on November 5, Galxe will unlock 7.619 million GAL, worth approximately $10.58 million, accounting for 16.36% of the circulating supply.

Periodic table of token unlocking in the next month

List of recent project developments
10.27：
Flare to hold Flare Eco Hackathon at ETH London Hackathon
Neutron DAO proposal proposes to transfer unclaimed NTRN airdrop tokens to Cosmos Hub
Galxe (GAL) will unlock approximately 586,000 tokens at 8pm, worth approximately $670,000
Binance Liquid Swap will remove ADA/BUSD, BTC/BUSD and other liquidity pools on October 27
ETH Miami 2023
10.28:
LinkWeb3.0 Security Salon
SingularityNET (AGIX) will unlock approximately 9.53 million tokens at 8 a.m., worth approximately $1.72 million
10.30:
Solana Breakpoint
Hong Kong FinTech Week
10.31:
Mt.Gox’s basic repayment term, early-one-time repayment term and medium-term repayment term start from September 30, 2023
Postponed to October 31
BobaAvax, Boba Network’s Layer 2 scaling solution on Avalanche., will be discontinued starting today.
Stop running
The modular blockchain network Celestia may be launched on the mainnet at 10 pm today

Not surprisingly, the Cancun upgrade cannot be completed this year and is expected to be in February or March next year. But I think this is a good thing. I think delaying may not be a bad thing. In the past 7 days, the supply of Ethereum has increased by more than 1,000 pieces. This is mainly due to the decrease in activity on the bear chain and the dilution of mainnet traffic by L2, which results in the mainnet gas burning being less than the additional issuance. At present, GAS is a competition between public chains. If after the upgrade, the overall GAS consumption of everyone will decrease again, the Ethereum system will have a siphon effect, but the entire blockchain public chain will not increase, and the Cancun upgrade will worsen the situation of Ethereum. Inflation is not a good thing for currency prices. After the delay, the Cancun upgrade will most likely coincide with the Bitcoin halving in April next year. The two major benefits will directly contribute to a bull market. If Cancun upgrades on time, we may usher in a bull market, but if it is postponed, Then the certainty of Daniel is higher! Thinking about it this way, are you still looking forward to the postponement? Why do we need to care about Cancun Upgrade? Even the time to upgrade should be discussed emphatically?
In the first half of the year, Ethereum’s major update was the Shanghai upgrade, which directly led to the surge in the LSD track. For example, SSV increased five times in three months. Other related targets, such as: $LDO $RPL $LBR $PENDLE, etc., also outperformed the market several times. There was a saying at the time that if you buy the LSD track with your eyes closed, it will bring you overwhelming wealth. So we can clearly see that the Ethereum technology upgrade can bring direct liquidity to a certain related technology track. Although the current market is a stock game, the technology upgrade will bring obvious improvements in user experience. It's perfect to use this as a gimmick or a target of hype. Therefore, the Cancun upgrade is a potential wealth code that cannot be missed.

In the currency circle, as retail investors, we. How to screen out coins with 100 times potential?

I believe this is also the topic that everyone is most concerned about. So in the following content, I will share with you the screening criteria. Of course, if you have different opinions, you are welcome to leave a message in the comment area for discussion. The first is to choose a stock with good fundamentals. It belongs to a hot sector, preferably a project that is the leader of the sector. Secondly, it has good narrative ability and ecologically sustainable development. In addition, the market value must be less than 1 billion US dollars, preferably less than 100 million US dollars. If the market value is too large, it means that the potential of the project has been squeezed. Take FIL for example. After the coin FIL was launched, its market value has reached the top of the cryptocurrency rankings in a short period of time. However, as the tokens continue to be unlocked and the market value continues to be diluted, the currency price falls again and again, and it also forms one hold-up after another. Therefore, in the next round of bull market, the possibility of such projects being replaced is very high. Large, like EOS and BCH in the last bull market, they have been converted into ADA, FIL, and DOT. So if you want to choose 100x coins. So you must pay attention to this, because the currency circle is not static, but new narratives are constantly coming out and then being hyped by the market. , some friends here may say, then if I select some small coins with a market value of only a few million, can I wait for them to increase a hundred times? I believe many old leeks in the currency circle have had this idea. After all, SHIB is A model, but here I want to attack friends who have such thoughts. There are tens of thousands of people in the currency circle, but there is only one SHIB. The rest are all leeks that have such thoughts. So this kind of small probability thing is no less than winning five million by buying a lottery ticket. In addition, the last point is also mentioned before. There are too many new narratives in the currency circle. There is no need for concepts that are too old or too cliche. This is a truth that all newcomers in the currency circle understand. Always copy the new rather than the old. If you can choose the new Try to choose new ones, most old projects have lock-up disks! So I hope everyone can digest and digest the above content. If you have any questions that you don’t understand, please leave a comment #BTC #公链生态 #新币挖矿ntrn #一起来跟单 #注意资金安全