The influence of the world cup on bitcoin

1. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system. Unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
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2. With the existence of Internet and blockchain, bitcoin will exist. It has existed for a long time, and people graally recognize and widely apply it to payment. Then, it can play a positive balancing role in world finance.

3. As a financial technology enthusiast, kuanke online Xiaobian, I think, there are several major factors to promote
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.

4. Bitcoin is the so-called "cryptocurrency", which is a digital asset in the form of data. Your money in the bank may also be a bunch of numbers, but these numbers are equivalent to real money. Bitcoin is not. In the world of bitcoin, there is neither a central bank to manage nor an inherent legal framework. Because of this, the value of bitcoin is entirely determined by the market, which is currently very hot
bitcoin is stored in a digital wallet. You can store it on your local hard disk or mobile phone, or in a variety of online bitcoin exchanges. Keeping bitcoin locally is like hiding money under a mattress. If something goes wrong with your digital wallet, your money will be gone
to remit or collect money, you need to point your bitcoin client or network exchange to a bitcoin address, which is the address of every wallet. After a few minutes, bitcoin will generally leave your wallet and enter the other person's wallet. There are few sites that accept bitcoin, but there are a few. It's more difficult to use bitcoin in real life, but it can be achieved through some systems
what is the impact of bitcoin on the economy
despite all kinds of problems, the soaring price of bitcoin is partly e to more and more people using it. Bitcoin fans believe in its future. Ordinary people are also graally interested in cryptocurrency, but because it is too complex, it is difficult to popularize in the mass market. If it is really popular, the fluctuation of bitcoin's value will lead to greater turbulence in the global economy
if you bought $1000 bitcoin in 2010, it's worth about $35 million now. But if you buy $1000 bitcoin in early 2014, you'll only have a quarter of your purchasing power a year later. How would you feel if you paid with bitcoin and found that you could only buy half of what you had a few days ago
this kind of inflation is unstable, but if it is used in parallel with the government supported currency, bitcoin does have some advantages. Few people will exchange all their assets for bitcoin.

5.

I think this is more serious than the loss, but it should have little impact on our real currency. Because the two are not related . The currency of the virtual world is a game created by capitalists in order to converge the wealth of people in the real world. But no matter how we ordinary people speculate, we can't change the fate of these capitalists. They often dominate the changes in the war situation, turning their hands into clouds and covering their hands with rain. But no matter what they do, it should have little impact on the real world currency, otherwise governments will not allow them to exist

Therefore, changes in the bitcoin market will not affect the value of our real currency or other aspects. Even if there is, the governments of various countries will also vigorously suppress and try to rece the impact in this regard, so we should relax our mind

7. When the federal funds rate really rises, the general consensus is that the price of gold will face heavy downward pressure, because the planned cost of holding gold will rise. Europe and North America only account for 17% of the total global demand for gold. The market speculation about when the United States may choose to raise interest rates has been fierce: "however, they are both investment procts, The current real interest rate level in the United States is still very low. Bitcoin and gold are the same, and only 60% of them are related to investment
same
the association added: "other factors that affect the price of gold."
the world gold association said. There is an indirect positive relationship between these markets and interest rates, that is, the periodic rise of interest rates is usually accompanied by the increase of economic growth and consumer spending
the world gold association said. As of December 31, the real yields on three-month and one-year treasury bonds were - 0.73% and - 0.05%, respectively. Since 2008, the Federal Reserve has kept the federal funds rate close to zero
although the Fed was initially expected to raise interest rates for the first time in a decade in June this year, a series of mixed economic data, low inflation rate and dovish comments on the US economic growth rate issued by Fed chairman Yellen delayed the schele of raising interest rates, including some factors positively related to economic growth, It emphasizes that gold is an important diversified asset and a portfolio asset for risk management. "
in terms of investment demand, gold will continue to be a diversified asset
the World Gold Council said: "even when the nominal interest rate rises to 4%, gold has been quite effective in diversifying the investment portfolio and recing the risk of real interest rate, and it is not very sensitive to the change of interest rate in the United States. This helps to increase the demand for gold, as some investors will use gold to supplement bonds when managing equity risks and diversifying their portfolios. The impact of the US dollar interest rate increase on gold is the same as that of bitcoin, and the US Federal Reserve interest rate increase may not have the adverse effect on gold price as many people think
the relationship between gold prices and interest rates is more complex than it appears and more fragile than in the past, the World Gold Council said in a report on Thursday. In addition, demand for jewelry and technology is largely Pro cyclical, prompting investors to turn to profitable assets
according to the World Gold Council, the percentage is 0.6%
according to the association, the following is the impact of US dollar interest rate increase on gold. The view that US interest rate increase affects gold price is not as strong as before, because this situation is largely based on the market's analysis of gold price and interest rate performance from 1970s to 1980s. At that time, the economy was very different from what it is now< According to the World Gold Council, the gold market is also different:

the World Gold Council (WGC) claims that "the interest rate increase will not improve the prospects of fixed income assets. The demand for jewelry and technology accounts for nearly 60% of the annual demand for physical gold and is far below the threshold level. Over the past decade, demand for gold in developed markets has fallen from more than 60% in the 1970s to less than 30%. Emerging market demand for gold accounts for 70% a year, as stocks and bonds are likely to provide below average returns over the next few years. "
in the past 12 months. This role is becoming increasingly important. At the current yield level, the rising space of bonds may be limited, so it is not as effective as gold in easing equity risk

8. This is not difficult to understand, because the world cup is one of the three major sports events in the world, and the other two events are the summer and Winter Olympics. But the world cup may be hotter than the summer and Winter Olympics. Every time the world cup, the global guessing activities will start, will continue for a period of time, the underground market is hot, and bitcoin just meets this need

in 2014, Ag Asia Travel spent $20 million on bitcoin. The increase in the use of bitcoin to guess the ball has led to an increase in the demand and price of bitcoin, which has led to an increase in people's expectations of the price of bitcoin. The increase in expectations has led to more people buying bitcoin, and the price continues to rise. This is a chain reaction. Of course, the same is true of other virtual currencies.

9. Bitcoin blockchain is the largest public chain in the world, and after years of development, it has proved its technical feasibility and stability, which also shows its technical value.