Where did the Bitcoin pin come from? A complete explanation of the Bitcoin pin principle in one article

As for why it is called a pin, it is actually because its K-line chart looks like a needle, because the Bitcoin K-line chart will show a long upward or downward shadow line, so people This operation is called pin insertion.

Where did the Bitcoin pin come from?

In the cryptocurrency market, the pin phenomenon refers to the violent fluctuations in the price of a certain cryptocurrency in a short period of time, and then quickly returns to a stable price level. Bitcoin is the first decentralized cryptocurrency, born in 2009, and many similar cryptocurrencies have since emerged. The phenomenon of pin insertion may be caused by factors such as market speculation, news influence, or investor sentiment fluctuations. Investors need to be careful about the phenomenon of pin insertion and avoid blindly following the trend or panic selling. The cryptocurrency market is highly volatile. Investors should remain calm, face market changes rationally, and choose investment strategies carefully. The future development of cryptocurrency is still full of challenges and opportunities. BitCoin is a P2P form of virtual encrypted digital currency. The total number is very limited, only 21 million. Unlike all currencies, Bitcoin The currency does not rely on the issuance of a specific currency institution. It is generated through a large amount of calculations based on a specific algorithm. It is worth noting that the price of a single Bitcoin is very expensive.

Beitecoin was proposed on November 1, 2008, and was officially born on January 3, 2009. It supports 7*24-hour transactions around the world, but Bitcoin cannot be bought and sold in China. Bitcoin can be bought and sold on any computer connected to the Internet, and anyone can mine, buy, sell or collect it, no matter where they are.

Blockchain is an important concept of Bitcoin, and as the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Its characteristics include decentralization, openness, independence, security, anonymity, etc.

Bitcoin Pin Analysis

The main force can freely manipulate the stock price up or down 300 points, which has little impact on the spot market, but on the contract market It's a big blow. It is understood that many retail investors are now using 20 times or even 100 times leverage, which has become the norm.

Contract futures were originally designed for hedging in the spot market to reduce risk. However, due to its ability to obtain high returns with a small amount of capital, it has attracted a large influx of speculators. This has resulted in the contract futures market becoming a highly risky area.

The top of the currency circle ecosystem is the exchange, and some exchanges themselves are Dazhuang. These big dealers can use their own information, resources, and financial advantages to easily manipulate the pins. It is too easy for a black-hearted exchange to pin the pins. Create an account, modify the number of Bitcoins, and then sell a large number of coins, and the currency price will drop instantly. .

The contract is different from the spot. If the price drops, there are still coins in the spot. As long as you don’t get air coins, you can get them back one day. But the contract is different. When the liquidation price is reached, your margin will return to zero.

The principal is not against everyone making contracts, but contracts pay attention to "the right time, the right place and the right people". The right time means opening an order at a good time, such as a periodic top and bottom; the right place means placing an order on a safe and stable exchange. Play; Renhe, 1 you can control the market trend, 2 follow people who can control the market trend.

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