Coinnice Trading Class: Talking about the "Bricklayers" in the Bitcoin Circle

Bitcoin is the world of Internet geeks and a paradise for individualism. There is no government, no taxes, and no inexplicable financial restrictions. It represents almost all our aspirations for a free economy.

In fact, the emergence of Bitcoin can also be considered as artificially created gold, which has two basic characteristics of gold as a natural currency: it can be circulated and preserved for a long time, and its output is stable (Bitcoin is more stable than gold because it is evenly produced according to a pre-programmed algorithm). Due to the continuous understanding of Bitcoin in recent years, some Bitcoin enthusiasts have flocked to the craze of Bitcoin investment.

At present, there are many professional Bitcoin trading platforms at home and abroad. Since the market conditions of each platform are affected by certain factors, there are also certain differences in prices. Therefore, what we call Bitcoin "brick movers" have come into being. "Brick movers" can be generally understood as wandering between major platforms and earning the price difference between each platform to make a profit. The main forms are: 1. "Brick moving" between foreign platforms and domestic platforms. 2. Mutual "brick moving" between domestic platforms. The cost of "brick moving" on foreign platforms can be as high as about 9%. At present, the withdrawal fee of industry rules is between 0.2%-1%. The cost of "brick moving" is mainly reflected in交易手续费and充值提现手续费. Taking the larger domestic exchanges as an example, it takes 400 yuan to withdraw 100,000 yuan. The recharge and withdrawal fee of RMB is the main income of the Bitcoin trading platform and the biggest cost of brick movers.

Of course, in addition to the handling fee cost, the second is风险成本.

1.资金风险of “moving bricks”:
In order to avoid the increase of handling fees, many users usually leave their funds on the trading platform. If the trading platform runs away or an accident occurs, investors will be at great risk, so investors still think that it is safest to put their funds in their pockets. However, you can't have your cake and eat it too. If you want a sense of security, you have to pay the handling fee.

2.时间风险of “moving bricks”:
The risk of “moving bricks” also lies in the fact that it takes time for coins to be transferred between platforms. During this process, prices may fluctuate, leading to changes in asset value, causing certain losses and being locked in. Therefore, the withdrawal time is also a key risk point.

Below is a list of the current fee rates and arrival times of major exchanges (for reference only).

If the withdrawal time is fast and the handling fee is low, this can greatly increase the income of brick movers, increase the trading activity on the market, and also make the prices of various platforms tend to be consistent, thereby increasing the control cost of large funds.

Bitcoin was born to break the traditional financial order and rebuild the political and economic structure. I hope that everyone will work together to break all kinds of unreasonable rules and restrictions and work together to create a better tomorrow!