The impact of bitcoin, the central bank's virtual currency
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4. Protect the property rights and interests of the public, protect the legal tender status of RMB, prevent the risk of money laundering and maintain financial stability
5. Avoid excessive speculation in the name of "virtual currency" for virtual commodities such as bitcoin, which will damage the public interest and the legal tender status of RMB.
the bitcoin protocol predetermines the number of currencies in circulation to be 21 million. There are less than 4 million bitcoins left to mine, and with the popularity of cryptocurrency, scarcity seems to have an impact on prices
of course, we also see the price drop e to the same mechanism. Once Nobuaki Kobayashi, the trustee of Mt. GOx, declared bankruptcy, a large number of bitcoins were sold, and the price began to fall as the market was expected to flood< Although bitcoin is the most famous cryptocurrency with the largest circulation at present, investors also have hundreds of other options for cryptocurrencies. Generally speaking, the existence of competitors can guarantee the investment value. Without strong alternatives, such as the euro, the Renminbi or the pound, the value of the dollar would be different. However, the speculative and quasi legal status of cryptocurrency makes it difficult to understand how competition rules will affect pricing
however, as far as the current situation is concerned, bitcoin is still the best in terms of traffic volume, penetration and application. However, with the continuous development of cryptocurrency and the improvement of the ecology of other competitive currencies, bitcoin should also speed up its integration into the society, and always ensure its "big brother" status in order to continue to appreciate
regulatory issues
with the popularity of bitcoin in the world, the regulatory agencies of various countries are also racking their brains to deal with this new species. They must figure out several issues surrounding bitcoin, such as how a country's tax system treats this new currency, whether it should regulate cryptocurrency, and how to regulate it
the two events highlight that regulatory measures will have a significant impact on currency prices. Just after Japan announced that bitcoin would be regarded as legal currency, the price of bitcoin increased by 2% in one day. Over the next two months, the global price of bitcoin soared by 160%. When China announced the closure of several major cryptocurrency exchanges and the ban on domestic ICO, the price of bitcoin fell 29% in one day
although many people think that the legislative provisions are unfavorable to the encryption field, the fact is just the opposite. Although bitcoin has been in existence for nearly a decade, it gained fame in 2017 e to the sharp rise in price. In other words, in the eyes of ordinary people, this is a relatively new field
what a new market needs most is clear, concise and powerful regulations to provide potential investors with some security and a framework they can understand
how regulatory regulations deal with issues that may affect the prices of bitcoin and other virtual currencies. Earlier this year, when China announced a ban on initial coin procts (ICO), the price of bitcoin fell 5%, while eth, the second-largest cryptocurrency by market value, fell more than 12%. This is a clear example of how such a direct regulatory move could have a huge impact on the price of the bitcoin
to sum up, the most important factor affecting the price trend of bitcoin is market sentiment. If you can grasp the trend of market sentiment, you can grasp the trend of bitcoin price.
from September 2 to September 3, the two originally planned "blockchain / bitcoin" summits were temporarily cancelled. One side said the number of people exceeded the size of the report, and the other side said Beijing's security was upgraded
at 15:00 on September 4, 2017, the people's Bank of China and other seven ministries and commissions officially issued the announcement 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 (hereinafter referred to as the announcement), which said that from the date of this announcement (September 4), the, All kinds of token issuance and financing activities shall be stopped immediately. At the same time, the organizations and indivials that have completed the token issuance financing should make arrangements such as liquidation, reasonably protect the rights and interests of investors, and properly handle the risks. Relevant departments will seriously investigate and deal with the activities of token issuance and financing that refuse to stop and the illegal behaviors in completed token issuance and financing projects
the payment method of ICO is bitcoin. It must be a bad news to stop ICO
When I was in high school, I just came into contact with bitcoin. I remember that it was 10 yuan at that time, but now 3000 yuan is hard to buy. The value has increased 300 times. Ah, if there were a few then, now ha ha ha
so, I would like to say that bitcoin is not owned by a certain country, not by a certain bank. Bitcoin is owned by the whole world
in fact, isn't the central bank indirectly recognizing the status of bitcoin? Bitcoin trading is a kind of commodity trading behavior on the Internet. Ordinary people have the freedom to participate in it at their own risk
In just 10 days, bitcoin has been in two crash market< every time bitcoin goes up and down, it increases the risk of speculators on April 23, bitcoin plummeted for the second time. In a single day, more than 500000 people burst their positions, and more than 20 billion yuan of funds disappeared
"bitcoin starts serial killing." A person in the instry said that according to the fluctuation of bitcoin, unless there is no leverage at all, the assets of those who are leveraged will be destroyed, and whether they are short or long, the lack of collateral will be forced to level off
bitcoin, with its high popularity, has also caused many voices recently. In April 25th, Liu Shengjun, Dean of the Institute of financial reform, bluntly pointed out that the bitcoin is utopia and has entered the final stage of "self entertaining" bubble at the 12th anniversary Festival and the financial planners summit. p>
"whether bitcoin will enter the final stage is still unknown, but bitcoin is really entertaining itself. There are at least two risks in investing in bitcoin in the future. First, the emergence of a strong enough digital currency will overturn the rules of bitcoin's game; Second, the change of regulatory rules will deeply affect its market development. " Li Quan commented
relevant national departments strengthen the supervision of bitcoin
at the same time, bitcoin plummeted, a strong supervision storm about virtual currency is also coming
in recent days, the CIRC and the central bank have made intensive voice to strengthen the risk warning of virtual currency respectively. Among them, the CIRC has stressed that it will pay close attention to the new risks under the banner of blockchain, virtual currency and debt service, and the central bank will also strengthen the risk prevention and disposal in view of the new methods and new problems such as using virtual currency and blockchain technology to evade traceability
above refer to China Youth Daily - ten days, 26% bitcoin bubble will be broken? p>