Secret revealing institutions continue to buy bitcoin
It's not against the law to do bitcoin business, but don't use bitcoin to do illegal things
the following is the bitcoin risk notice issued by the central bank and other five ministries and commissions (bitcoin home has the full text):
the notice defines the nature of bitcoin, and holds that bitcoin is not issued by the monetary authority, has no monetary attributes such as legal compensation and mandatory, and is not a real currency. In terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market. However, bitcoin trading as a commodity trading behavior on the Internet, ordinary people have the freedom to participate at their own risk
from the moment bitcoin proced value to the sky high price of nearly $20000 gold, bitcoin rose by tens of thousands of times ring this period, which also created a lot of people's freedom of wealth. Most investors love and hate bitcoin. They love speculative property, and they have no limit to the rise and fall. They hate to be unable to analyze the market and make profits in the market
so why is it still suitable to buy bitcoin in 2020
1. The third proction rection
in May, bitcoin reced its proction for the third time. Under the hype of the proction rection market, the third proction rection of bitcoin brought confidence to most investors in the market, but the price did not change significantly
judging from the market, bitcoin is leading the rise of other financial procts under the same conditions. It dropped to $3800 in March, and then rose all the way to about $10000, walking out of the V-shaped reversal
the V-shaped reversal is not easy. After all, the previous market had to be sorted out for several months before going up. This also illustrates the purchasing power of bitcoin in the market
moreover, after halving, the amount of bitcoin g up by the miners has graally decreased. In addition to the lost bitcoin, there are not many bitcoins in circulation in the market, and the bitcoin market is a market brought about by demand. With many external factors, many investors want to use bitcoin for risk hedging, and the liquidity of the market is expanding step by step<
2. Institutions bought a lot
after halving, gray alone increased its holdings of 18910 bitcoins, while after halving, the miners only mined 12337 bitcoins, indicating that the number of gray holdings increased was 150% of the total mining amount of miners in the same period
in addition to institutions, some celebrities have also publicly expressed their desire to buy bitcoin. For example, the author of "poor dad, rich dad" tweeted the reason why he wanted to invest in bitcoin. Before that, he repeatedly said that with the continuous release of water from the Federal Reserve, bitcoin may become a good hedging tool to deal with the current financial crisis
with the entry of specialized institutional teams, bitcoin has been known by more and more people, and its value has also been understood by more and more people< 3. Bitcoin leads the global financial asset growth
the secondary market of bitcoin is huge, with the number of new addresses and active addresses increasing every day. There are many people who know about bitcoin but don't enter the market
the massive entry of foreign institutions leads to the concentration of some chips. In this process, it is not only the transfer of chips, but also the transfer of price rights.
According to CCTV, the price of bitcoin has fluctuated dramatically in the past four months< investors and currency holders are the first to benefit from the recent price rise
the creator of bitcoin, Nakamoto Tsung, who g 1 million coins in the early days, is now worth about US $52 billion, ranking about 24th according to the real-time ranking of the billionaires of the company
However, two weeks ago, Tesla disclosed in the SEC filing that it had purchased 1.5 billion US dollars worth of bitcoin at that time. After that, the price of bitcoin quickly exceeded the 40000 US dollars marksome analysts said that after Tesla bought bitcoin, it has made a profit of more than US $1 billion, exceeding the profit of car sales in 2020. In addition to Tesla, many companies holding a lot of bitcoin assets have also made a lot of money in this wave of price increases
in addition, in the midst of price fluctuations, the profit-making institutions related to bitcoin trading are . In addition to the substantial increase in the value of bitcoin assets they hold, their trading income also increases as bitcoin rises and transactions increase
extended data
the price of bitcoin is affected by many factors:
analysts believe that the price of bitcoin is affected by many factors, first of all, opinion leaders like Elon Musk. Another key factor is the regulatory authorities. Recently, US Treasury Secretary Yellen's speech caused bitcoin's price to fall directly. At present, the major economies have not given a clear definition of bitcoin's regulation. The rash of this aspect will affect the development of bitcoin
Bitcoin trading platform undertakes most of the functions of "bitcoin for cash" and "cash for bitcoin". The three largest exchange platforms in the world are Mt. GOx, bitstamp and btcchina. If you think that the use of bitcoin wallet is too cumbersome, the transaction data block takes up too much space. You can also use the trading platform as an online wallet. But note that bitcoin in the trading platform is actually stored on the website server
the total number of bitcoin trading platforms at home and abroad is about 100000 BTC. The daily turnover of bitcoin trading platform in normal operation in China is about 50000 BTC. But trading volume doesn't mean bitcoin usage. Speculators keep buying and selling bitcoin in the trading platform, which makes the trading volume of bitcoin far larger than the turnover among users; Even less bitcoin is used for payment
there are many online bitcoin trading institutions at home and abroad, which accept the exchange of bitcoin and legal tender. Mt. GOx is the earliest bitcoin trading platform, which was established in Japan in 2010. Bitstamp and btc-e are two other foreign trading platforms. There are also a large number of trading platforms in China
anyone can set up a bitcoin trading platform and develop a trading platform, which is no different from the development of traditional websites. And open source website has ready-made PHP class library can be called. Any bitcoin trading platform will become a live target for hackers. Can we guarantee the security of the website? If the website is attacked by hackers and all the bitcoin stored on the server is taken away, how to explain to the registered users? Mt. GOx, headquartered in Japan, used to be the largest bitcoin trading platform. On February 25, 2014, the official website of mt.gox was blank. Mt. GOx has deleted all of its twitter posts
on February 25, 2014, a number of bitcoin trading platforms including coinbase, circle and "bitcoin China" jointly issued a statement, which defined the incident as "the ruthless betrayal of mt.gox users' trust is caused by the ugly behavior of a company"
these companies said: "in order to solve the trust crisis caused by the failure of mt.gox, the responsible bitcoin trading platform will work together to promote the future of bitcoin and ensure the capital security of all customers. On February 25, 2014, the opening price of "bitcoin China" was 3562.41 yuan. By 4:40 p.m., the price had dropped to 3185 yuan, down more than 10%
according to the historical market data of the platform, on January 27, 2014, 1 bitcoin could be converted into 5032 yuan RMB. This means that in less than a month on the platform, the price of bitcoin has dropped by 36.7%. At the end of October 2013, Hong Kong GBL platform absconded with funds, and the whereabouts of more than 20 million yuan of funds were unknown. The program of this trading website is very poor. It doesn't use SSL security protocol, and even the user name is stored in clear text. They don't have some basic programming knowledge. GBL relies on the broker to develop the new customer's "quasi MLM" mode
on October 22, 2013, looking at the market of bitcoin, Mr. Qiao, a citizen of Dongyang, searched GBL company, a bitcoin trading platform, on the Internet, and recharged 90000 yuan to buy and sell bitcoin through a third-party payment. On October 26, 2013, it was found that the staff of the online trading platform were not online, and some normal trading proceres could not be implemented. It was found that the registered address of the company was false after a check, and a total of 90000 yuan was cheated. This is the first case of "bitcoin" fraud in Dongyang City. The police remind the citizens who buy "bitcoin" on the Internet to pay attention to screening the authenticity of the website to prevent being cheated
western economists have a lot of worries about the current economic bubble phenomenon of bitcoin. Australian Economist John Quiggin called bitcoin as "the most pure example of economic bubble (perhaps the finest example of a pure bubble)" recently, bitcoin continues to be hot, so that the virus, Trojan horse active, anti-virus company said, January and bitcoin mining related Trojan horse variants of ten thousand. In addition, some netizens disclosed to the IT channel of chinanews.com that some counterfeit coins similar to bitcoin may have "special blocks" and be poached. For ordinary miners, this may be more terrible than a Trojan horse
a bitcoin blackmail virus named "CTB Locker" is spreading in China. The virus can extort ransom from users by encrypting their computer files remotely. Users' files can only be opened after paying ransom
according to anti-virus experts, the virus cannot be cracked at home and abroad. On May 27, 2014, through the analysis of transaction data, Willy report website came to the conclusion that the soaring price of bitcoin last year and the huge increase in the trading volume of Mt. GOx may be e to false transactions, and may even involve insiders of Mt. GOx
nowadays, more and more people begin to suspect that the sharp rise of bitcoin in November 2013 and the increase of mt.gox's trading volume are partly e to a fraud. Specifically, a robot called "Willy" buys five to 10 bitcoins every five to 10 minutes, and this behavior lasts for at least a month
the bitcoin price of mt.gox has soared from about $200 in early November 2013 to a record high of $1236 on December 4 last year. While making early participants excited, more and more analysts began to explore the reasons behind: is it because Chinese people are speculating in their free exchanges? Or is it because bitcoin's resistance to government confiscation after the "Silk Road incident" led to a large outflow of this virtual currency
Willy report is a website with only one article, which describes in detail all kinds of suspicious robot trading activities from September to November 2013
this kind of question is meaningless. It's a problem in the world
Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. It is generated by a large number of calculations based on specific algorithms. 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 currency 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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million< br />