发根的加密日记

随着数字货币市场的快速发展，加密货币衍生品交易日益受到投资者的关注。在众多交易工具中，合约交易因其杠杆交易的特性和高风险高收益的特点，成为许多投资者青睐的交易方式。然而，对于初学者而言，币本位合约和U本位合约的概念往往令人感到困惑。本文将详细解析这两种合约的特点、区别及其在加密货币投资中的应用。

什么是币本位合约?
币本位合约是一种以加密货币作为保证金和结算货币的衍生品合约。在这种模式下，投资者使用比特币或其他加密货币作为抵押品进行交易。例如，在比特币永续合约中，交易者可以使用比特币作为保证金，并以比特币进行盈亏结算。这种合约模式的一个显著特点是，投资者无需将资产兑换成法定货币，可以直接在加密货币生态系统内进行交易。
币本位合约的优势在于降低了法币兑换的摩擦成本，同时保持了加密货币生态的封闭性。对于长期持有加密货币的投资者来说，这种交易方式可以在不出售原有加密资产的前提下，实现杠杆交易和风险对冲。但它也存在一定局限性，比如当标的资产价格大幅波动时，保证金可能迅速缩水，增加了爆仓风险。
什么是U本位合约?
相比之下，U本位合约则是以USDT(Tether)等稳定币作为保证金和结算货币的衍生品合约。USDT作为一种与美元锚定的稳定币，其价值相对稳定，这为投资者提供了更为直观的保证金计价方式。在U本位合约中，无论交易的是比特币、以太坊还是其他加密货币，保证金和盈亏都以USDT计价和结算。
U本位合约的主要优势在于降低了币价波动对保证金的影响。由于USDT的相对稳定性，投资者可以更专注于交易标的资产的价格变动，而不必过分担心保证金本身的波动。这种模式特别适合希望获得更可预测交易环境的投资者。同时，U本位合约也便于计算盈亏，因为盈亏都以美元锚定的稳定币计价。
从风险管理的角度来看，两种合约各有千秋。币本位合约适合坚定看好加密货币长期价值且希望保持加密资产敞口的投资者;而U本位合约则更适合追求相对稳定交易环境、希望降低币价波动影响的投资者。选择哪种合约，需要根据个人投资策略、风险承受能力和市场判断来决定。
需要特别强调的是，无论选择币本位还是U本位合约，加密货币衍生品交易都具有极高的风险。杠杆交易可能导致超出本金的巨额损失，投资者务必充分了解交易机制，严格控制仓位，并制定严格的风险管理策略。对于大多数投资者而言，理性、谨慎地参与加密货币衍生品交易至关重要。
U本位合约与币本位合约有何差别?
币安的【合约交易]有两种商品类型:①U本位合约(USD-M Futures)和②币本位合约(Coin-M Futures)，二者最容易区分的方法是本位合约有CM后缀(例如:BTCUSD CM).
而合约类型又分为【期货交割合约]和【永续合约]，二者差异在于永续合约没有交割日。

1.U本位合约的特性及优点:
定义:U本位合约是指合约价值以美元计价，例如比特币/美元(BTC/USD)合约。可以利用杠杆多空双向交易。
以与美元挂钩的资产结算:合约以USDT或USDC计价和结算。
到期期限:永续合约、季度合约和次季度合约。
定价规则明确:每份合约都规定了单一合约基础资产的交割数量，也称为「合约单位」。例如:与现货市场相似，BTC/U SDT、ETH/USDT和BCH/USDT合约仅代表其各自基础资产的一个单位。
特色优势:在市场剧烈波动时，U本位合约可以有效降低价格大幅波动的风险。例如在下跌市场中，空单获得的收益都以美元稳定币USDT计算，不会有损失。
2.币本位合约的特性及优点:
定义:币本位合约是指合约价值以加密货币计价，例如比特币(BTC)合约。当加密货币价格上涨时，投资人可以赚取利润;反之，当加密货币价格下跌时，投资人将会亏损。
抵押和结算都以加密货币进行:合约以BTC、ETH、BNB等加密货币进行抵押与结算。
合约期间:分为永续合约、季度合约和双季合约。
合约乘数:合约乘数代表合约的价值。例如BTC币本位合约乘数为100美元。而BTC之外主流数字货币的合约乘数通常为10美元，但特定币种可能有所不同。
资金费率:仅适用于永续合约。根据合约价格与现货价格的价差，每八小时(时长可能依市场状况改变)向多头或空头交易者支付资金费率。
3.U本位合约(BTCUSDT)和本位合约(BTCUSD CM)的区别

币安合约教学(币本位合约)
开启合约交易的准备事项:
1)开通币安帐户，并完成KYC认证。
2)开通币安合约前，要完成【适性测试]，回答14问有关合约交易的问题。该测试主要是为了提高用户的风险意识。
3)如果做U本位合约需要从「现货帐户」转USDT到「合约帐户」;如果要做币本位合约，就要从「现货帐户」转BTC等加密货币到「合约帐户」;</p>
1.币安币本位合约交易教学
以下将以币本位合约(BTCUSD CM)的永续合约，介绍交易流程。
准备事项:做币本位合约交易，需要先购买对应的加密货币作为保证金。例如做比特币合约，需要先转将BTC转入合约帐户当保证金;同样做以太币合约，就要转入ETH作为保证金。
第一步:登人币安网站www.binance.com，选择「合约币本位永续合约-BTCUSD CM」。

第二步:选择杠杆和保证金模式(全仓/逐仓)，建议入市新手将杠杆放在10倍以下(这里设置为5X)，笔者一般采用“全仓保证金模式”，并严格设置停损。
全仓保证金模式就是以合约帐户内的全部资金作为保证金;逐仓保证金模式就是用一定数量保证金分配到仓位上，最大只损失逐仓下的保证金。
币本合约(BTCUSD CM)，一张合约的价值是100USD，如果你认为比特币价格会上涨，开10张多单，就是做多1000U SD价值的比特币。可以用限价或市价的方式开单。

第三步:订单成交后会在【部位]中显示，开仓价格、强平价格、保证金比率、未实现盈亏等。
其中最重要的是【强平价格]，强平价格越接近当前价格，越容易爆仓。图中显示的强平价格为1917.7，意思是当比特币的价格跌至1917.7会被强制平仓。当然，跌倒这个价位的机率很低。

币本位合约特别适合上涨的行情，做多的预期收益/亏损为BTC，实现利益后可以在现货市场以较高的价格出售来锁定利闰!
三,币安合约教学(U本位合约)
U本位合约与币本位合约的操作流程基本上相同，差异在于U本位合约帐户内需转入USDT作为保证金，盈亏也都以USDT清算。需先转入USDT作为保证金。
第一步:在币安官网页面找到【合约]-【U本位合约]-【BTCUSD永续]。开仓的数量是以比特币计价，如下图所示，做空0.01BTC大约需要85.39USDT保证金。

第二步:你可以用同样的方式做多ETH、ETC等合约币种，都共同使用合约帐户内的USDT作为保证金。需留意保证金比率和强平价格。

U本位合约的特色优势:

关于币安U本位合约交易教学，请参考:做空比特币教学-在加密货币熊市中，如何从空头赚币?看这一篇就够了
五.币安合约资料查询工具
在币安网站的合约-资料-市场选单中，可以查询合约持仓量、合约市场多空比等各种数据，方便投资者观察当前市场行情。

持仓量:可查询5分钟至24小时币安用户合约持股量的变动。

持仓大户的净持仓多头及空头账户数占比:大户指保证金余额排名前20%的用户。一个帐户只记一次。
多仓账户数比例=持多仓大户数/总持仓大户数
空仓账户数比例=持空仓大户数/总持仓大户数
多空账户数比值=多仓账户数比例/空仓账户数比例

快速总结:
[U本位合约]的抵押贷款和结算都以美元稳定币USDT进行，用户只需要准备USDT就能开启交易，大部分投资人都喜欢这种合约类型。建议新人可以从U本位开始尝试。

进入Binance官网
风险提示:杠杆保证金交易有高风险，未必适合所有投资人。在决定参与合约交易前，应该谨慎考虑你的投资目标、经验等级及风险承受能力。
总结
总的来说，币本位合约和U本位合约作为加密货币衍生品交易的两种主要形式，各具特色。它们不仅反映了加密货币市场的创新性，也为投资者提供了多样化的交易工具。随着加密货币生态的不断成熟，这些交易工具有望进一步完善，为投资者提供更为安全、高效的交易环境。
以上就是加密货币投资入门指南:什么是币本位合约与U本位合约?怎么用的详细内容，更多关于币本位与U本位合约的资料!
#币安HODLer空投LA #ETH突破3000 #BTC再创新高
$BTC

The current momentum in the market is so strong that you can almost smell the 'money' through the screen. U.S. stocks are flying alongside the crypto circle; the Nasdaq and S&P are hitting new highs, Tesla is surging thanks to AI, and Bitcoin is making waves, breaking through the $118,000 ceiling, with ETH also crossing the $3,000 mark. The entire circle is bustling, as if 'get-rich-quick' particles are floating in the air.
The most direct signal light—the market sentiment—is clearly showing a 'greed' yellow light.
The fear and greed index, this old friend, was restrained at 58 (neutral) yesterday, but today it couldn't hold back and shot up to 71! This is not just a fluctuation of numbers; it clearly tells us that the market's optimistic sentiment has been ignited, investors are getting bolder, risk appetite is rising rapidly, and we can even smell the early signs of 'madness' starting to spread.

80s crypto senior: From 100,000 to several million in 10 years, relying solely on a 'stupid' method.
I am 37 years old this year, from Hunan, with two houses, one for my family and one for myself. After 10 years of trading cryptocurrencies, turning 100,000 into several million, not relying on insider information, luck, but solely on a 'stupid method.'
The best moment, turning 400 times in 4 months, earning 20 million.
Now I am sharing my 3600 days of experience with you for free.

There is a stupid method for trading cryptocurrencies that almost guarantees profitability. I made over 20 million with this method.
Along this journey, I have summarized six iron laws of cryptocurrency trading, and today I share them with you in hopes of helping you avoid detours!

Making money in spot trading? The principle is simple! This 'clumsy' method in the cryptocurrency world, which prioritizes stability, can lead to the biggest wins.
Everyone says making money in the cryptocurrency world is fast, but quick money often comes with high risks (ever heard of liquidation?). In fact, spot trading (buying low and selling high) is the most basic and 'stable' strategy in the cryptocurrency market. The logic is simple enough for a child to understand, but if done well, the returns can be reliably pocketed.
1. The underlying logic? It's simply 'buy low, sell high'!
Example: You spend 1 dollar to buy an apple (token), and when it rises to 1.5 dollars, you sell it, making a net profit of 50 cents. It's that simple!

Before entering the crypto world, did you also think, 'Just buy a Bitcoin and it's done'?
In fact, the real danger is not not knowing, but having a half-baked understanding and rushing in.
Today’s article lists 6 common pitfalls that beginners easily fall into. Avoiding them can really save you a lot of money.

⸻

🔹 1. Wanting to touch every coin, but actually losing money easily
When you first enter the crypto world, seeing a screen full of coins and projects can easily tempt you.
But you must remember: most people making money in crypto rely on mainstream coins, not on obscure ones to get rich.
Bitcoin (BTC) and Ethereum (ETH) are currently the most core assets.

The Federal Reserve considered a rate cut in July, and Bitcoin broke through new highs directly. Unexpectedly, the triangle pattern chose to break upwards, influenced by overnight news, leading to a direct price breakthrough to new highs. Currently, the daily level has successfully broken the trendline and stabilized, so we may have to wait for a pullback to enter more positions. Once the historical high is broken, market sentiment will also improve, including a rotation for the altcoins.
Currently, many altcoins are stuck and even eager to try. Recently, they have slightly risen above the TOTAL3-USDT)/BTC weekly trendline, so we might see a decent overall altcoin rebound (macro support factor: the beautiful big plan's monetary easing).

I made about 4 million, with a principal of 50,000. I never worked after graduating from college.
I've been playing in Kunming and Dali, not buying a house or a car. My monthly expenses are 1500.
How I make money:
1. A principal of 50,000, doing projects in college, Taobao ke, shua order, express delivery, APP charging, various small tasks, saved 50,000.
2. When entering the coin circle, I think BTC is too expensive, so I have been playing ETH, ETH has leverage, and then it is altcoin spot. Choose coins, and do a good job of position management. Just execute the simple idea, if the market is not good, lose a little, and if the market comes, you will make a lot of money.

In the past few years, the cryptocurrency market has experienced so much: from Bitcoin halving and new highs to the FTX collapse and LUNA's zero return; from the boom of DeFi, the myth of NFTs, to the current new trends of AI tracks, BTC ecosystem, and RWA (real-world assets) appearing in succession.
Many people ask me, at this point in time, can the cryptocurrency market still be played? Can we still enter? Is there still an opportunity?
As someone who has been in the cryptocurrency market since 2017, I want to share the true state of the cryptocurrency market in 2025 and how you should act.
One, the cryptocurrency market can still be played, but it is no longer the era of 'blindly getting rich'.

10U low-risk high-reward cryptocurrency trading strategy for turning around positions. A simple but effective strategy for cryptocurrency traders.
Suitable for: beginners, office workers, gamblers, and those looking to turn their fortunes around
The Battle of Dignity for 10U
What can 10U do? Not even enough for a hot pot!
But I will use this 10U to roll it to 1000U in three months, and then from 1000U to 10,000U!
This is not some 'get rich quick tale', but a set of 'survival algorithms for the poor' using very simple methods to win battles!
Step 1: Start with 10U - either double it or lose it all
Objective: 10U → 20U (100% profit)

It's not bad luck; you simply don't understand the essence of trading! This low-risk rule, condensed from ten years of trading experience, will completely change your understanding of contract trading—liquidation is never the market's fault, but a ticking time bomb you planted yourself.
Three Major Truths That Disrupt Understanding
Leverage ≠ Risk: Position Size is the Lifeline
Using 1% position with 100x leverage, the actual risk is only equivalent to 1% of a full spot position. A student used 20x leverage to trade ETH, investing only 2% of capital each time, with three years and zero liquidations. Core Formula: Real Risk = Leverage × Position Ratio.

💰 Must-read for cryptocurrency beginners! Complete analysis of spot trading rules, here comes the pitfall guide! ✨ If you're new to the cryptocurrency market, you must understand these rules for spot trading! Otherwise, you might get cut unexpectedly 😭 Today, I have compiled an extremely detailed spot trading guide for everyone, feel free to save it and read it slowly~ ---
1️⃣ What is spot trading? ✅ Simply put: buying coins with real money (for example, buying BTC with USDT), once bought, it's yours, and you can hold it for the long term, unlike contracts which have liquidation risks. ✅ Suitable crowd: those who do not want to engage in high-risk contracts and prefer to hoard coins and take a long-term view.

Do I count? I've been in the cryptocurrency circle for 8 years, and I currently have accumulated 28 Bitcoins.
In 2017, I bought a house, had a baby, and was heavily in debt. The company's operations were not smooth. In 2018, I entered the cryptocurrency circle intending to earn some money for baby formula but ended up getting taught a lesson, repeatedly falling for three scam coins...
Later, I changed my mindset: I don't take any risks, only seeking stability.
So I began to short; at that time, both domestic and international cryptocurrency circles were flourishing, with various airdrops coming out.
I persisted for a year, and in the second half of 2019, I earned my first 1 million in the cryptocurrency circle.
In 2020, I faced more difficulties: the pandemic, then company layoffs, leading to my resignation. After a month of reflection, I decided to go full-time in the cryptocurrency circle.

Let me tell you a feasible plan. If you can execute it, it is possible to make 1 million from a few thousand yuan.
Here is my personal test method to tell you: There is only one way to quickly increase from a few thousand yuan to 100,000 yuan: (rolling position) +
Step 1: First, convert your several thousand dollars into U and divide it into three parts!
Step 2: Do contract + in three times, with a multiple of 100, and a position of 60% each time, full position, just do Bitcoin or Ethereum, operation time: evening
Between 9:30 am and 4 am!
Step 3: Do three contracts. If you win all three times, your capital will be several thousand U. If there is a big market, it can reach tens of thousands U.

If your funds are within 500,000, and you want to achieve quick success in the crypto world through short-term trading, then please read this post carefully. After reading, you will gain a profound understanding of the essence of short-term trading!
I am 34 years old this year, I have been in the market for 10 years, and I have been making a living from trading for 6 years! Not choosing finance as my major in university is a major regret in my life. Starting from my freshman year, I began to learn about stocks/finance/forex and so on online. The red and green screens filled my life with color, making me fascinated. With infinite longing for the market, I opened an account in my sophomore year, and later learned more about the crypto world and Bitcoin through the introduction of a classmate, and I became increasingly interested, thus starting my investment career.

Although I do not have freedom now, I have been free before. Currently, I am semi-free, and all my sources of income come from the crypto world.
First, do not borrow money to fall into a bottomless pit.
Second, even though many people did not understand and advised me to find a job, I did not listen.
Third, although I have been deceived many times, I found a good big brother. Ten people have deceived me, but I only needed to follow one good person.
Fourth, believe in yourself.
Fifth, and the most important, I never gave up.
After the liquidation in 2021, Huobi settled accounts, and at the beginning of 2022, I turned the remaining 5000 into Euro.

Having navigated the crypto world for 10 years, experiencing three bull and bear cycles, I’ve transformed my initial capital of 8000 into financial freedom today. I’ve faced every pitfall, but I’ve mastered myself and developed a stable profit system.

What method earned over 30 million in ten years!
The core message is: Amplify profits through contract trading! But don't rush into it; first, turn this 2000 bucks into 300U (approximately 300 dollars), and let's take it step by step:
Step One: Small Capital Snowball (300U to 1100U)
Each time I take out 100U to trade, I specifically choose the hottest cryptocurrencies. Remember two things:
① Run when you double your investment (for example, if 100 turns to 200, exit immediately) ② If down to 50U

More is still about technique; luck is just temporary. In any case, technique is the most important. Talking about luck means encountering a big player, but otherwise, what matters most is technique! The crypto world is full of opportunities, but also hides risks. Only by continuously learning and maintaining rationality can one ride the waves in the turbulent sea of cryptocurrencies.
My experience sharing:
Learning is fundamental: Understanding blockchain technology, the principles of digital currencies, and market trends is the prerequisite for investment.
Rational investment: Do not follow blindly; invest according to your risk tolerance.
Diversified investment: Do not bet all funds on one project; diversification can reduce risks.

When I first started trading cryptocurrencies, I earned about 4 million with an initial capital of 50,000. I graduated from college without ever having a job.
I've been playing in Kunming and Dali, not buying a house or a car. Monthly expenses are 3,500.
How I made money:
1. Starting capital of 50,000, doing projects in college, affiliate marketing, fake orders, delivery, filling in for apps, various small tasks, accumulated 50,000 yuan.
2. Entering the cryptocurrency market, I felt BTC was too expensive, so I just played with ETH, which has leverage, and then there are altcoin spot trades. Choose coins and manage positions well. Just executing this simple thought, I had minor losses when the market was bad, but when the market turned, I made significant profits.

After seven years of trading cryptocurrencies, I peaked at turning 500,000 into over 9.6 million, and I also experienced a few weeks of going to zero, feeling hopeless for half a year. I returned to the crypto space and started a new account with 50,000, which I have now grown. In fact, the so-called enlightenment from trading is to remain calm and composed regardless of market conditions, inner state, or profit curve!
I have used 80% of market methods and techniques, but the most practical is still bottom fishing! I will share everything today, which will surely help you realize your path to wealth from recovering losses to profits.

To become a master at trading cryptocurrencies, you must first get started! If you can do the following points, getting started will be no problem.