CITIC bitcoin China
bitcoin was born in 2009, and it has entered China since it appeared
extended information:
bitcoin:
bitcoin can be used to cash and can be 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
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
generation principle:
starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique. In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million
source: bitcoin
although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it
according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable
others are willing to spend money on bitcoin
you can sell it, that is, change it into cash
conversely
if no one believes in it
no one is willing to spend money on bitcoin
you can't sell it
that is, you can't change it into cash
or change less cash
this is the same as other investment procts gold
stock
base Kim is the same
Recently, China CITIC Bank announced in its official website that it is forbidden to use any digital cryptocurrency, including bitcoin or other digital cryptocurrency. When this happened, it also caused a lot of discussion{ RRR}
why does China prohibit trading in related currencies? The main reason is that it has damaged some financial markets, which also has a great impact on the construction of some real instries in China. Due to the epidemic situation, the real instry itself has been seriously damaged. In addition, these currencies, including the environmental market, have a great impact on the whole global economy and the economy. Other aspects will also have a very big impact. Therefore, many countries have also indicated that the transaction of digital currency is strictly prohibited
Due to the recent increase in the popularity of bitcoin and other digital currencies or cryptocurrencies, the prices of bitcoin and other virtual currencies are constantly rising, so many people follow suit to dig bitcoin or other virtual currencies, which also leads to the increasingly strict supervision of relevant currencies in various countries
in addition to China, many countries, including India, explicitly prohibit bitcoin trading, and even prohibit their own people from owning bitcoin{ RRRRR}
for bitcoin and digital cryptocurrency, it is always a high-risk investment, and its emergence has also led to the impact of many global instries, especially for some chip instries. So for most investors, they should abide by the local laws. Well, take China as an example. Although it is explicitly prohibited in China, for many countries, they carry out relevant bitcoin services. Therefore, it is still uncertain whether bitcoin is illegal
but we can be sure that it has indeed damaged the global financial market, especially the economic downturn caused by the current epidemic, and also has a very serious impact on the real economy