1. bitcoin network generates a new block every ten minutes. Every time a miner completes a block, he can get a certain amount of bitcoin as a block reward, and the reward will be halved for every 210000 blocks mined. Because the time for mining each block is limited to 10 minutes, at this rate, the period for the reward to be halved is four years, that is to say, the reward for bitcoin blocks is halved every four years
when the bitcoin block reward was halved for the first time, its price rose 25 times from 300 yuan to 7995 yuan; In the second half, the price rose 28 times from 5011 yuan to 140000 yuan. So many people predict that the third halving of bitcoin in May 2020 will lead to a sharp rise in the price of bitcoin, at least 10 times. However, these figures are not so clear. After halving in 2012, bitcoin prices rose for two months, and in 2016, there was almost no immediate response to deflation for a month. This may also be the result of the strategy of "buying rumors and selling news" implemented by some speculators
extended data:
after bitcoin halved, the supply slowed down, and keeping deflation through algorithm has always been a part of bitcoin protocol design. It was set up to ensure the value of bitcoin. By recing block incentives and setting the maximum possible supply of bitcoin at 21 million bitcoins, bitcoin has an anti inflation feature, which runs counter to the tendency of central banks to print money at will. At present, there are about 17.5 million bitcoins in circulation, and less than 3.5 million bitcoins are available for mining. When the next block award halves, bitcoin's annual inflation rate will drop from the current 3.8% to about 1.8%
maintaining deflation through algorithms has always been a part of the design of bitcoin protocol. It was created to guarantee the value of bitcoin. By recing block incentives and keeping the total amount of bitcoin at 21 million bitcoins, bitcoin is endowed with an anti inflation nature, which is different from the tendency of central banks to print money at will. At present, there are about 17.5 million bitcoins in circulation and less than 3.5 million available for mining. The next block award cut in half could rece bitcoin's annual inflation rate from the current 3.8% to about 1.8%. This will be the first time in bitcoin's history that it has fallen below the historical average of about 2% - 3% growth in gold supply
2. Bitcoin will not withdraw from the Chinese market, or from any other country's market. Strictly speaking, the state can only manage or restrict the use of bitcoin. To a certain extent, it does not completely restrict the transaction of bitcoin. In addition, mining bitcoin can not be controlled. Therefore, it is difficult to withdraw from the Chinese market. Bitcoin is the proct of network algorithms, Bitcoin can't be eliminated as long as it exists in the whole network, and there is no central issuing agency for bitcoin, that is to say, no country or institution can eliminate it unless it paralyzes servers all over the world. Haha, but in China, it is still possible to enact laws to prohibit the trading or holding of bitcoin as illegal goods, Now that India has done so, the Indian government treats bitcoin as a drug, but even so, it can't stop the existence of bitcoin unless the Internet is banned in India; So I don't know what will happen in China. Before that, South Korea and Japan only prohibited the circulation of bitcoin as currency, but they gave a green light to the speculation of bitcoin as a financial tool. As for the price of quitting China, I can only say that China's diggers account for more than 60% of the world's total. The withdrawal of all Chinese diggers will lead to a sharp drop in the difficulty of calculation (that is, the difficulty of mining), and the price of bitcoin will also plummet when things are scarce. Don't forget that the soaring price of bitcoin is also the credit of China's diggers.
3. The central bank said it would crack down on "
virtual currency" related activities suspected of illegal fund-raising. At present, the national ICO platform and bitcoin and other virtual currency trading places have basically realized risk-free exit. The central bank made the above statement at the ministerial joint meeting on the disposal of illegal fund-raising
it is reported that in the special rectification work of the risk of non bank payment institutions, the central bank has severely cracked down on unlicensed institutions, rectified illegal trading venues, and "micro disk" transaction payment and settlement business, blocking the channels of illegal fund-raising; For the virtual currency trading places such as ICO and bitcoin, which are suspected of illegal fund-raising and securities activities, the central bank will timely issue an announcement with relevant departments to clarify the attitude, warn of risks, and deploy various regions to carry out rectification
the central bank said that in the next step, it will continue to do a good job in six aspects in accordance with the opinions of the State Council on further prevention and disposal of illegal fund-raising. First, it will cooperate with the Ministry of justice to promote the promulgation of the regulations on the disposal of illegal fund-raising and the regulations on non deposit lending organizations. Second, closely monitor the operation of private lending interest rates, guide the rationalization of private lending interest rates, uses and ways of borrowing, and rece the living space of illegal fund-raising activities. Third, continue to rely on the anti money laundering system to monitor illegal fund-raising. Fourth, we will continue to prevent and resolve Internet financial risks together with relevant member units of the leading group for special rectification of Internet financial risks. Fifthly, we should strengthen the construction of social credit system, build a joint incentive system for keeping promise and a joint punishment system for breaking promise, and create an honest and trustworthy credit environment. Sixth, continue to do a good job in protecting the rights and interests of financial consumers
according to the statistics of the joint conference office, there were 5052 new suspected cases of illegal fund-raising in 2017, involving 179.55 billion yuan, a year-on-year decrease of 2.8% and 28.5%. However, the total number of cases is still at a high level, the number of people involved in fund-raising continues to rise, cross provincial cases continue to occur frequently, and major cases involving many provinces and even the whole country still occur from time to time, and the overall situation is still grim.
4. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic
digital currency, but because it has no value base, the consideration of bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.
5. The former bitcoin is less and less, and it is more and more difficult to find. It is said that those who really dig for coins will use high-end or even the top graphics card SLI or CF, and the power consumption of the host computer is amazing (the electricity bill may be more expensive than the bitcoin g).
6. Yes, I think so. Bitfirst bitcoin platform can monitor in real time.
7. Online banking of Bank of communications has the function of settlement and sale of foreign exchange, but it must open the registered version of online banking, SMS version / certificate version. It can exchange RMB and foreign currency in financial management, but it is not real-time. There will be an approval process, but it will be very fast.
8. It is sheer fiction. The one and only trick in what is called the theory of gambling is to throw the bitcoin which can neither be eaten nor drunk. The ultimate goal of human financial management is to keep the value of money even rising to the point where the bubble increases and the price is high in the process of speculation, but in fact, its value has not been raised. What special algorithm is unique? To put it bluntly, the cost of bitcoin is the loss of computer hardware and power consumption. How much is a computer worth when it breaks down? Behind this hype, there is no real economy to support it. It depends entirely on credit. If there is a small violation of discipline in this system, it will be a disaster. Moreover, as a virtual currency, bitcoin is also the hunting target of hackers. Some of these hackers are for fun or selling money after stealing, The other part is employed by the banking consortia that are not involved in the operation of bitcoin in the existing financial system. After all, the operation of bitcoin is only carried out by a very small number of people. The development of bitcoin violates the interests of the existing bigwigs, and they will clean it up without doing anything. In order to ensure the value of bitcoin, only some people want to increase their holding of bitcoin as they want to increase their holding of stocks. In the current economic crisis, no one has enough money to invest in this kind of thing. The rich will be more interested in gold, jewelry and antiques, because these systems have been generally regarded as a collection of values in human history, the simplest example, It took nearly a hundred years for us dollar to break away from the gold standard. Gold's position in finance is not as important as it used to be. However, at present, the strategic reserve of gold in various countries is in progress in unison. American bankers have boundless legal power, but they still can't change people's ideas and let people give up the general equivalent of gold, People's special feelings for gold can't be replaced in a short time by capitalists suppressing the price of gold or making various substitutes. Therefore, no fool will exchange his hard-earned money for worthless bitcoin. In the early publicity, some people used bitcoin to shop and pay for it, which is just a scam put into operation. They lost money and yelled to spend money to make speculation, In fact, the common people are just a group of sheep. As long as they are properly guided, they will follow. We call it fashion. Therefore, whoever believes in the value of bitcoin is the great fool in the Bo fool theory!
9. A friend who is familiar with the capital market asked me a question, why is the stock market closed
closed on Saturdays and Sundays, closed on holidays, working hours only a few hours a day, why
You know, the stock market trading is basically electronic now, and the back is full of computers, so there is no need for someone to intervene
therefore, people need to rest this factor does not need to consider. Then why is the market closed? Can't 24-hour trading work? What kind of digital money market do you see? It's 24-hour trading
The answer is to make the market more rational. It's like building a car. It doesn't mean that the car can "drive", but it has to be able to "brake". As a kind of technology, the engine is more important. But as a social factor, the brake pad is more important. Frequent market closures are the "brake pads" of speculation and gambling psychology in the stock market The friend also said that from this point of view, digital currency is bitcoin. Why is it immature? It's not that its design is not exquisite, but that it hasn't been equipped with "brake pads"
behind every seemingly ordinary detail of life, there are financial rules at work
