Why can sellers in c2c transactions refuse to disclose the buyer's platform name and WeChat, Alipay, or bank card information? This is a disguised protection for sellers.

A virtual asset exchange shop in Tsim Sha Tsui, Hong Kong, is doing a booming business, and most of its customers are from the mainland. Cash can be exchanged for USDT, or vice versa, digital currency can be exchanged for Hong Kong dollars and US dollars. However, for transactions exceeding 10,000 Hong Kong dollars, you have to show your ID card.
​Hong Kong is relatively relaxed about virtual currency, which has attracted many mainland customers. But USDT cannot be played on regular exchanges. You have to exchange it for Bitcoin, Ethereum, etc. before you can play with it. It's a bit like buying vegetables in a detour. It takes a little effort, but you can always buy it.
​The cash limit for cashing back to the mainland from Hong Kong is 20,000 RMB. If it is a bank transfer, the source and purpose of the funds must be clearly stated and must comply with regulations. This is like if you buy a big item abroad and send it home, you have to declare it and pay taxes, and you can't be sneaky.
​So, this virtual currency transaction in Hong Kong seems free, but it actually has hidden tricks. The rules are there. If you want to play, you have to follow the rules. This is not a joke.
​$COW $USUAL $ENA

Look at the data of liquidation
It is eye-catching
But every round of rise
Must be accompanied by a correction and cleaning
The cost of a bull market
#加密市场回调 #市场调整後的机会？ #爆仓了
$BTC

How can retail investors compete with the big players and exchanges? The data backend is crystal clear about when prices rise or fall, when spikes occur, and to what extent; it's all dictated by the big players and exchanges. There's no such thing as a natural market; just treat this as gambling and you'll be fine. In the end, it's all about taking big risks for small rewards, just betting on the right team. 😂 Honestly, seeing those in the plaza making daily market predictions makes me want to vomit; I don't know what there is to predict.

Indeed, there are quite a few new students entering in the past couple of days. This is a very classic U-based lossless arbitrage model, and many students have questions. Here, I will organize everyone's questions and provide a unified answer. (Binance has already launched a lossless fee rate bot)

First, let's talk about how U-based contracts ensure lossless arbitrage by converting to spot currency-based shorts, thereby stabilizing the interest earned from funding rates. If the current coin price is 70,000, and you buy one coin for 70,000, then transfer it to a currency-based contract for 1x shorting, you are shorting 1 coin. No matter how the coin price fluctuates, although there are gains and losses in the number of coins, the principal in U-based terms remains unchanged. If the coin price increases, shorting results in fewer coins, but the remaining amount of coins has increased in price, so the U sold and the initial 70,000 when you entered remains the same. Conversely, if the price drops, the same principle applies. That’s why it’s called a risk-free arbitrage strategy.

Later, when I have time, I will post specifically about how U-based contracts can conduct spot hedging arbitrage.

Question 1: If the market surges, will I get liquidated?
Answer: A 1x short in currency-based contracts will never get liquidated.

Question 2: If the rate turns negative, does that mean I will incur a loss?
Answer: Yes, but a negative rate requires a bearish overall market and a significant change in the quantity of short positions held. Generally, when the rate returns to 0.01%, you can close your position and sell the spot.

Question 3: Where can I find this ranking on Binance?
Answer: https://binance.com/zh-CN/futures/funding-history/perpetual/real-time-funding-rate…

Question 4: Can I make about 10% profit in a bull market? Can you sit still while coin prices reach new highs every month?
Answer: This discusses a risk-free U-based capital preservation arbitrage strategy. It is not in the same league as the risks of trading coins. Moreover, the profit is annualized at 10%.

Question 5: The actual daily return should be divided by 2 since your capital utilization rate is only 50%.
Answer: No need to divide by 2, as all funds are used to buy coins; there is no situation of U-based spot contracts being split in half.

#套费率 #费率机器人 $BTC

Another real case, a group member sold 600,000 U last year, and it was frozen recently after a year, and it was five uncles who froze it. The bank cards used to sell U for payment were informed by the public security organs in other places one after another that although the funds received before were not fraud funds, the funds withdrawn from online gambling were gambling funds, and now they have to be recovered.

Although he provided evidence to prove that he was indeed trading virtual currency, there is no way to unfreeze it for you unless you return it in full. If you don't return it, you will wait for the court's judgment.

If you encounter this situation, the amount is large and has reached the procuratorate and the court, it is recommended to submit materials to the procuratorate and the court for communication again. Lawyer friends also remind everyone that in the process of withdrawing funds from trading virtual currency, not only will the receipt of fraud funds lead to the freezing of bank cards, but also the receipt of online deposit funds will lead to the freezing of bank cards. If you receive large funds involved in the case, most of the case-handling units will ask you to refund.

So in the process of withdrawing funds, you must choose a merchant with a long registration time, do a good job of fund review, and keep a good withdrawal record, so as to reduce the probability of card freezing.

$DOGE I sell my own U money and say I am involved in the case funds, offshore fishing ah

What do you think of this perspective?