Bitcoin versus Argentinean
bitcoin is a virtual currency. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Function: bitcoin is a kind of network virtual currency, the quantity is limited, but it can be used to cash out: it can be converted into the currency of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
bitcoin can be traded in the exchange, and people can buy a certain amount of bitcoin with money, but the makers of bitcoin are more general
first of all, bitcoin is an encrypted digital currency that many people can buy. The so-called "makers" refer to those who hold a large amount of bitcoin in an exchange. However, there are many factors that affect the price of bitcoin. People who sell bitcoin in a short time in an exchange will indeed affect the price of bitcoin, But the impact is minimal
as long as the countries that support digital currency can buy certain digital currency in the exchange, there is no way to control those countries strictly.
bitcoin is a technology application of blockchain, bitcoin is a kind of digital currency, we must treat it dialectically, we can't buy it blindly, We must treat bitcoin rationally.
at the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as a "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as a legal currency in Germany and can be used to pay taxes and engage in trade activities< In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulation
legal status
bitcoin can still be considered as legal at present. In the world, bitcoin can be regarded as a virtual commodity and protected by law; If bitcoin cannot be officially recognized as a kind of currency by law, it may bring inconvenience to the businesses and indivials who accept bitcoin in tax declaration, because the businesses who accept bitcoin will be regarded as barter transactions, and such transactions are more troublesome than ordinary transactions in tax declaration
at the same time, bitcoin, as a commodity highly similar to currency, needs to meet the demand of anti money laundering. Bitcoin needs to be included in the personal property declaration, banking anti money laundering system, anti insider trading, anti market manipulation and other systems in terms of transaction and possession. Bitcoin exchanges and storage institutions may also need government supervision and licensing. Some fast-growing bitcoin exchanges and payment service providers are actively exploring cooperation with regulatory agencies to bring bitcoin payment into the regulatory framework of anti money laundering and anti-terrorism financing by applying for licenses and actively communicating with regulatory authorities
in Europe, the European Central Bank published a report on "virtual currency architecture", and the French bitcoin trading platform obtained the PSP qualification. On December 6, 2012, the central bank wrote in the report: "this report is the first attempt to provide a basis for discussing the virtual currency system. While these systems may play an active role in financial innovation and in providing consumers with alternative means of payment, they also clearly create risks. " "Because of the small size of virtual currency systems, these risks do not affect anyone other than the users of these systems," the report added The report reviews the history of bitcoin and reviews its basic features, including currency and technical operation.
bitcoin lacks stability, so it doesn't have "inherent value", it's just a virtual proct. If we recognize its legitimacy, it will have a significant adverse impact on the banks of all countries, and even can replace the currencies of all countries. Finally, a few people will manipulate the world's monetary system, which is a very dangerous existence. It's not money. Whether it's legal or not depends entirely on whether a country recognizes it as legal or not< At present, the United States, China and South Korea all think it is not a currency. Among the big countries, bitcoin is only recognized as the "unit of account" by the German Ministry of finance, but it is only a unit of account, which does not mean that it is mainly a currency.
At present, the price of bitcoin is mainly driven by the Chinese market, which accounts for more than 90% of the global bitcoin trading volume
some analysts said that the rise of bitcoin was mainly e to capital and currency restrictions in China, India, Venezuela and other countries, which prompted people to buy e-money to maintain their savings, and also promoted investors to keep buying
so far, investors can't help asking whether bitcoin will replace gold as the largest safe haven asset
Ian Bezek, a professional trader, believes that bitcoin and gold have their own strengths, but gold has a greater advantage at this stage
Ian Bezek pointed out that bitcoin is highly accepted in some countries with serious capital controls, such as Argentina, where it is difficult to transfer assets abroad
e to China's economic slowdown and asset outflow, RMB devaluation occurs. Bitcoin is mainly used to convert RMB assets into overseas assets, which is much more convenient than gold
this is not bad news for gold, because the popularity of bitcoin means that gold, which is also a safe haven asset, will also usher in a rising opportunity

(1) the Midland government in South America is the first country in the world to ban the circulation of cryptocurrencies such as bitcoin
(2) the National Central Bank, the Central Bank of Bolivia, said at the time that it was illegal to use currencies not issued and controlled by the government. It is also clearly pointed out that cryptocurrencies such as bitcoin, domain name currency, dot currency, quark currency and prime currency are prohibited from actual use and price indication< (3) Bolivia's GDP is 3000 US dollars per year, ranking 122nd in the world. According to the data of the world bank, only 40% of the residents have bank accounts, and only 20% of the residents have the right to save or get loans
(4) bitcoin may be more helpful to countries with endless financial structure, so as to promote the financing of citizens. Many bitcoin startups in Latin America can help the Bolivian economy better integrate into the South American economy. However, unlike Argentina and Venezuela in South America, Bolivia does not have inflation in its own currency.
Chapter 1 promoting the freedom of capital? What's the difference? (16) choose the right one? I think of the word "Guqin"? Ham? How can I be proud of you? Guanidine? A property? Mixed umbrella/ p> However, as the power holder, the government has no incentive to protect private property rights when it touches its own interests. In democratic countries, because the poor hold a large number of votes, the government tends to strengthen the tax on the rich in order to please the voters. This includes the US, and now the presidential candidate trump claims to strengthen taxes on the rich. p>
bitcoin is the ultimate security property. Bitcoin will not be censored, frozen, deprived, taxed, sold or restricted. What's yours will always be yours
Bitcoin is the first time that human beings use technology to ensure the sanctity of private propertyin the case, the cheated citizens all bought different amounts of "Regal money" on the Internet. In the end, they were unable to contact the payee, and all the websites were closed, which directly led to property losses
captain Zhang said that after the police investigation, it was found that most of the servers of this kind of financial management website were located outside China, which brought great difficulties for the police to investigate and crack down
in this case, all the cheated people learned about "Regal coin" through the "Regal 888" wechat group, and almost all of them were victims of "Regal coin" and were introced to the group one by one
captain Zhang also said that in this case, the cheated person was not allowed to trade within the first month after buying one yuan for one "Regal coin", but after one month, he could buy and sell at will
as more and more people put in money, the price of "Regal money" will be raised, some people will withdraw when they buy, and some people who invest in advance will withdraw when they taste the sweetness. Most of the subsequent "takers" dream of continuing to appreciate and buy in large quantities. When the organizers feel that there is enough money, they will run away Daqing (www.daqing.com)
