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Is bitcoin out of business

Publish: 2021-05-01 07:21:03
1. bitcoin China, the first bitcoin trading platform in China, announced yesterday that it would stop all trading business from September 30 this year. In this regard, some financial people expect that some investors will not participate in the local sale before the platform closes at the end of the month. If such investors rush in from a high level in August, the losses will be very heavy
bitcoin China announced that in accordance with the spirit of the document "Notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token Issuance" issued on September 4, and adhering to the principle of preventing investment risk and protecting the interests of users to the maximum extent, bitcoin China team has carefully discussed, Three decisions were made: first, bitcoin China digital asset trading platform stopped new user registration from yesterday; Second, on September 30, 2017, the digital asset trading platform will stop all trading businesses. Third, bitcoin China's mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally
affected by this news, bitcoin, lightcoin and Ethereum all fell sharply. By the time of Beijing Youth Daily, the price of bitcoin was 21600 yuan, with a 24-hour drop of 12.51%. During the day, bitcoin once fell below 20000 yuan, with the lowest price reaching 19597 yuan; Ethereum quoted 1472 yuan, down 14.56%; Lightcoin fell the most, offering 299 yuan, down more than 23%
bitcoin China, the first and largest bitcoin trading platform in China, is operated by Shanghai satuxi Network Co., Ltd., which was established on June 9, 2011. The team members are mainly from China, Silicon Valley and Europe
on March 12, 2014, bitcoin China officially launched the lightcoin transaction, with a total transaction volume of more than 30 million yuan
on September 30, 2017, bitcoin China stopped all trading business
the first time I bought bitcoin and the first time I bought Ethereum was in bitcoin China. The collapse of bitcoin China and other exchanges means that China has lost its pricing power in the field of virtual currency.
2.

This situation must be timely feedback to customer service, to retrieve

if bitcoin is stored in the account of the exchange, all the coins are in the big account of the exchange. If the exchange stops trading or goes bankrupt, all the coins belong to the actual controller of the exchange (the person who has the key of the big account)

therefore, if there are official problems in the exchange, we must contact the official customer service in time to retrieve them. In addition, digital assets, blockchain and other technologies will have unpredictable effects, and problems in the development process need to be standardized

extended information:

people who really own bitcoin do not store them on the Internet, but store them on the hard disk. Bitcoin's code is open source, which means that technicians can modify the code to proce a continuous stream of virtual currency

which breaks through the "limited amount" attribute of bitcoin. These virtual currencies can be exchanged with fiat currencies. For example, bitcoin can be exchanged into yen, and yen can be exchanged with almost all fiat currencies in the world

in this case, if the number of virtual currencies increases arbitrarily, there will be problems in the whole international monetary system. Therefore, on September 4, 2017, the central bank stopped the exchange function of the token trading platform, especially the exchange function with legal tender

3. Bitcoin is not a company. Bitcoin is a consensus network that has led to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system

at present, bitcoin is still a small-scale large-scale socialization experiment, which is in the early stage of development, and the supporting infrastructure is not perfect. It is very difficult for some bitcoin start-ups to make profits at present. If there is no continuous large-scale capital entry, it is normal for them to go bankrupt. This is not the same company as the bank, but there are many enterprises that set up banks, and many banking enterprises will go bankrupt because of poor management. For example, the most typical example is Lehman Brothers bank. Bitcoin home network has a basic introction about bitcoin, you can learn about it.
4.

No. Virtual currency with good operation and investment will survive for a long time and will not go bankrupt in a few months, such as bitcoin and internet currency of Internet companies

there are various types of virtual currencies. The virtual currencies with high acceptance abroad are Facebook's f currency, online game second life's Linden currency, etc., while the representative virtual currencies in China are Tencent's Q currency, Sina's u currency, online currency, Shanda Yuanbao, etc

virtual currency is different from check and telegraphic transfer. The value that virtual currency can't realize can't be transferred by bank. At present, it can only circulate in the network world. Virtual currency is released by various network organizations, and there is no unified issuance and management standard

2. The special currency issued by the portal website or instant messaging service provider is used to purchase the services in the website the most widely used is Tencent's q-coin, which can be used to purchase value-added services such as membership and QQ show

3. Virtual currency on the Internet. For example, bitcoin, Wright currency, etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency

5. If you buy it on a regular platform, even if the exchange goes bankrupt, bitcoin will still be there, except that you can take it away before the exchange goes bankrupt; But if you buy it on an informal platform, you may not be buying BTC at all. It's very likely that it's a bunch of numbers, so it doesn't matter whether you're here or not.
6. It is sheer fiction. The one and only trick in what is called the theory of gambling is to throw the bitcoin which can neither be eaten nor drunk. The ultimate goal of human financial management is to keep the value of money even rising to the point where the bubble increases and the price is high in the process of speculation, but in fact, its value has not been raised. What special algorithm is unique? To put it bluntly, the cost of bitcoin is the loss of computer hardware and power consumption. How much is a computer worth when it breaks down? Behind this hype, there is no real economy to support it. It depends entirely on credit. If there is a small violation of discipline in this system, it will be a disaster. Moreover, as a virtual currency, bitcoin is also the hunting target of hackers. Some of these hackers are for fun or selling money after stealing, The other part is employed by the banking consortia that are not involved in the operation of bitcoin in the existing financial system. After all, the operation of bitcoin is only carried out by a very small number of people. The development of bitcoin violates the interests of the existing bigwigs, and they will clean it up without doing anything. In order to ensure the value of bitcoin, only some people want to increase their holding of bitcoin as they want to increase their holding of stocks. In the current economic crisis, no one has enough money to invest in this kind of thing. The rich will be more interested in gold, jewelry and antiques, because these systems have been generally regarded as a collection of values in human history, the simplest example, It took nearly a hundred years for us dollar to break away from the gold standard. Gold's position in finance is not as important as it used to be. However, at present, the strategic reserve of gold in various countries is in progress in unison. American bankers have boundless legal power, but they still can't change people's ideas and let people give up the general equivalent of gold, People's special feelings for gold can't be replaced in a short time by capitalists suppressing the price of gold or making various substitutes. Therefore, no fool will exchange his hard-earned money for worthless bitcoin. In the early publicity, some people used bitcoin to shop and pay for it, which is just a scam put into operation. They lost money and yelled to spend money to make speculation, In fact, the common people are just a group of sheep. As long as they are properly guided, they will follow. We call it fashion. Therefore, whoever believes in the value of bitcoin is the great fool in the Bo fool theory!
7. If it goes out of business, bitcoin will definitely fall, but it can't be traded,
8. If you find a qualified platform in China, it will not go bankrupt if you have strength, such as 1coin, okcoin, Huo coin, etc. where can you go to find a foreign one? It's not suitable for Chinese people.
9. To be clear, the questions you ask have problems

you may not quite understand the difference between "bitcoin" and "bitcoin trading market". It's just that I heard that a bitcoin or something is going to go bankrupt. The bankrupt is "bitcoin trading market", not "bitcoin". Pay attention to the difference
just like a company selling potatoes, potato trading company, it is "potato trading company" rather than "potato" that goes bankrupt
bitcoin, like potatoes, is a commodity. How can a commodity go bankrupt?
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