The triple shorting of bitcoin means that investors buy bitcoin and the leverage ratio has tripled. Investors who short bitcoin must also pay a deposit in accordance with the prescribed ratio. If investors short Bitcoin for three times, the price of Bitcoin will drop by 10 points, and investors can gain 30 points. Conversely, if the price of Bitcoin rises by 10 points, users will lose 30 points. Leverage can not only help investors enlarge their income, but also lead to more losses.

Characteristics of Bitcoin

1, decentralization: Bitcoin is characterized by being distributed in various network nodes, and there is no central bank that specializes in managing Bitcoin, which is why Bitcoin is relatively safe and not easy to be manipulated;

2. World circulation: Bitcoin circulates through the Internet, so as long as there is an Internet network, bitcoin transactions can be conducted anytime and anywhere;

3. Ownership is exclusive: because Bitcoin has a corresponding private key, it only belongs to the user himself;

4. Low transaction cost: Bitcoin transaction cost is extremely low, and it can even be remitted for free;

5. Simple transaction procedures: Bitcoin has few restrictions on the procedures at the time of transaction.