Central bank's bitcoin policy 2018
Now the price of bitcoin is hovering around $37800. For the price trend of bitcoin in 2019, cailu.com will discuss with you
1. First of all, we know that bitcoin is a virtual digital currency, which is an upgraded proct on the blockchain. At present, the transaction volume of bitcoin is the largest among the digital currencies. In the development of bitcoin, the speed is not very fast, the infrastructure is complete, and there are good regulatory policies. The price in 2019 can be expected
2. The attitude of the regulatory authorities: bitcoin is not protected by law in our country at present. It is a trading proct imported from or abroad. At present, it is still a proct that needs to be investigated in our country. The regulatory authorities should make corresponding policies on how the investigation results are suitable for our domestic transactions, and we can expect the price rise in the later period
3. For investors, to enter the digital money market is to gain profits from this market, but bitcoin is a very risky transaction. In addition, bitcoin has no limit on the rise and fall, and the risk is uncontrollable. According to the 28 law of the investment market, only a few people can make profits
generally speaking, we can look forward to bitcoin in 2019. At present, we can look forward to the $4000 mark. If we can break through it, the price may go up. Of course, we can't know what kind of news will appear in the future. If there is good news, the price of bitcoin will rise in 2019
In the early morning of January 2, Beijing time, foreign media reported that at the beginning of the new year, the life of bitcoin has been difficult
this is the first time since 2015 that the cryptocurrency has opened a new year in the form of a sharp fall, further aggravating its decline since it hit a record high of $19511 on December 18
The surging trend of
has given birth to a variety of other cryptocurrencies, and also made bitcoin enter the wall street in the form of futures contracts. On December 18, the Chicago Mercantile Exchange launched for the first time a derivatives agreement that some traders thought would encourage short positions, and bitcoin peaked a few hours later
virtual is always virtual
Bitcoin is a kind of P2P digital currency
reasons for blocking:
1. Vulnerability of trading platform. The bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities
The transaction confirmation time is long. When bitcoin wallet is first installed, it will consume a lot of time to download historical transaction data blocks. While bitcoin transaction, in order to confirm the accuracy of data, it will take some time to interact with P2P network, and the transaction will be completed only after the whole network is confirmed The price fluctuates greatly. Due to the intervention of a large number of speculators, the price of bitcoin for cash fluctuates like a roller coaster. Making bitcoin more suitable for speculation rather than anonymous trading4. The public did not understand the principle, and the traditional financial practitioners resisted. Active netizens understand the principle of P2P network and know that bitcoin has no legal person to manipulate and control. But the public doesn't understand, and many people can't even tell the difference between bitcoin and q-coin“ "No issuer" is the advantage of bitcoin, but in the view of traditional financial practitioners, "no issuer" currency is worthless
extended materials:
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, the open source software was designed and released, and the P2P network on it was constructed. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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 millionbitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
Recently, the news about "China quietly ordered the closure of bitcoin mines" spread like wildfire. Some media learned through insiders that the central bank held a closed door meeting to rectify some mines with non-standard electricity consumption
in fact, the rectification and treatment of Mines started last year, especially after the closing of domestic exchanges last year, the relevant regulatory authorities also discussed the issue of mine retention, but the conclusion is that the reasons for closing mines are not sufficient, and the mines have not caused more social problems, and the risk points are not clear, so no specific arrangements have been made. However, all localities have received "window guidance", that is, local enterprises can not participate in digital currency mining
in 2016, China's power generation ranked first in the world, and the total power generation accounted for 25% of the world. In this case, according to common sense, mining power in China is indeed the most abundant, especially with the decline of China's economic growth, the wasted power resources are increasing
the electricity of power stations can not be stored, but if the electricity is converted into digital currency, it can be stored. In fact, if China's surplus power generation can be converted into bitcoin for storage, it should be the most efficient mode of proction and operation. It is equivalent to procing US dollars with electricity. It is a processing export mode with the highest added value
in addition, according to the historical development, most of the power in the future may be consumed by computers. This is a judgment I made, which can be witnessed by our generation. In our daily life, the proportion of electricity consumption will be lower and lower. In the future, mankind will solve all kinds of problems by means of digitization and blockchain, and "mines" will only increase, not decrease. Especially with the development of artificial intelligence, space exploration and other fields, the demand for computing power will increase exponentially
electricity is just a kind of energy, just like a person, the biggest energy consumption is not the limbs, but the brain. The human brain is a 24-hour machine. A thinking person's brain consumes 75% of the liver's stored blood sugar every day, and the oxygen consumption accounts for 20% of the whole body's oxygen consumption. The more the brain thinks, the more glucose the neurons need
When the electric lamp was invented 200 years ago, people thought that the best use of electricity was to light the bulb. Has the final say that what electricity market will be most effective in future? p> No one can see electricity. Up to now, it is difficult for many people to understand the mystery of its existence, but electricity has changed the world. The influence of many virtual things is often greater than that of physical things. What does "digital assets" mean to China and the world? I think it is difficult for many people, including the government, to make clear at this time. What we need to reflect on is that apart from the four great inventions, such as electricity, light, telephone, computer, digital currency and so on, how many of the things that are pushing mankind forward are invented by Chinawhen a phenomenon appears, we must study the background and logic behind it. The future competition can be said to be military competition, economic development competition and financial competition, but it can also be said to be ideological and computational competition. It's easier to close mines than to stop trends
as long as the government fails to suppress policies, bitcoin will not become a bubble. According to the coin.love trading platform, the price was less than 50000 yuan. I remember that at the end of June, the price was around 42000 yuan, and it rose by 8000 yuan in less than two months. It is said that the rarity is the most expensive. At present, BTC has become the mainstream currency of digital assets
if the figure below is accurate, the price of bitcoin will rise to US $91000 by 2020
it is this scarcity that makes the price of bitcoin soar all the way in the near future. However, there are different voices about the future development trend of bitcoin and whether it is worth investing
[bitcoin investment is the most risky investment you can make at present]
bitcoin.com is one of the largest bitcoin websites in the world. Due to the soaring price of bitcoin, the website has achieved great development this year. But Emil Oldenburg, its co-founder and chief technology officer, is skeptical about the future of bitcoin
in an interview with breakit, a Swedish technology website, he said: "I would like to say that bitcoin investment is the most risky investment you can make at present. There are extremely high risks in it." "In fact, I recently sold all of my bitcoin in exchange for bitcoin cash," he said Bitcoin cash, a derivative separated from bitcoin in August this year, has recently overtaken Ethernet as the world's second largest cryptocurrency“ When people figure out how bitcoin works, they start selling bitcoin. " Oldenburg once again stressed doubts about the future of the bitcoin“ He doesn't believe that bitcoin will become the kind of everyday currency that the world has always wanted
[if people invest in bitcoin, they are ready to "lose all their money"]
on December 19, according to foreign media reports, the head of a major British financial regulatory agency warned that if people invest in bitcoin, they are ready to "lose all their money". It also shows the opposition of the British financial regulator to the bitcoin. Andrew Bailey, director of the financial market conct authority, told the BBC that neither the central bank nor the government supports "money", so it is not a safe investment
buying bitcoin is similar to gambling and has the same level of risk, he said. "It's not a currency, it's not actually managed in the form of bitcoin," Bailey told Newsnight“ In terms of pricing, it's a very volatile commodity. If you look at what happened this year, I would remind people that we know very little about the price of the bitcoin. This is a strange commodity because the stock is fixed. If you want to invest in bitcoin, you should be prepared to lose money, which will be my serious warning. "
[next year we will see central banks start to hold digital currencies for the first time]
Peter Smith, founder and CEO of blockchain, a cryptocurrency wallet, said that it is expected that central banks around the world will start to hold digital currencies as reserve assets next year, and some central banks may start to issue their own "digital assets"
in an interview with CNBC, Smith said: "I think next year we will see, for the first time, central banks starting to hold digital currencies as part of their balance sheets." Mr Smith said central banks would be likely to buy bitcoin and Ethernet as reserve assets. Central banks now hold gold and foreign exchange reserves to allow them to act in the event of any market shock. The appreciation of bitcoin as an asset may mean that some monetary authorities will have to start holding the digital currency. "Bitcoin is already one of the top 30 currencies in supply, and as prices rise, this trend and the pressure to hold digital currencies as reserve assets will only rise," Smith said This view shows its optimistic attitude towards bitcoin and other digital currencies
as for whether bitcoin is worth investing, we can only say that every investor has his own vision and judgment.