BTC capital flow
First, "private transactions" (private transactions between the withdrawer and others (people who need bitcoin) can realize their own bitcoin
Second, the withdrawer is a registered user of a bitcoin wallet. The registered user can operate in the background of bitcoin, and the wallet platform provides security guarantee. The coin bag is of a similar nature
thirdly, registered users can enter the background of the trading platform to carry out cash withdrawal operation, and the security guarantee of cash withdrawal is provided by the platform itself
Fourth, the withdrawal of bitcoin itself is converted into RMB. After the registration of the registration trading platform (bitcoin China), there will be an IP address, and then you can send your own bitcoin to this website
Fifthly, after completing the above operation (wait for 10 minutes, or shorter), bitcoin will be displayed on your account, and then you can sell it at the platform price, so that you can exchange it into RMBbitcoin fell to $903 on January 10, down to 17% from the peak of $1091 on January 4. The direct reason is that the people's Bank of China has hinted that they are closely watching the market for irregularities. Given that China's bitcoin trading accounts for about 99% of the total trading volume of global exchanges tracked by bitcoinity, it's not surprising that China's regulatory actions are enough to drive bitcoin prices down
1 China's enthusiasm for this cryptocurrency is misplaced. Last year, China's foreign exchange reserves fell by about $320 billion. Given that capital is still flowing in under trade items, the actual scale of capital outflow may be larger. The current scale of the whole bitcoin market is about 15 billion US dollars, which is too small to allow a very small amount of money to leave China
rather than regard bitcoin as a channel for capital outflow, it is better to regard it as the latest type of investment bubble in China. Just as the stock market bubble in 2015 and the precious metal bubble in early 2016, the rise in prices was initially based on fundamentals. For bitcoin, this is based on the demand of Chinese households for offshore capital. With the influx of speculators holding a lot of money, prices soared. In the end, the regulatory crackdown and the carnival ended - until the next round.
unlike all 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 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 about 21 million
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
on September 4, 2017, the central bank and other seven ministries and commissions announced that China banned virtual currency trading
on December 17, 2017, bitcoin reached an all-time high of $19850
on November 25, 2018, bitcoin fell below the $4000 mark and is now stable at more than $3000.
in April 2019, bitcoin again stood at the $5000 mark, reaching a new high of the year.
I think the vast majority of bitcoin's 800 million yuan should have gone into the pockets of some capitalists, and the remaining few went into the hands of those investors who speculated correctly Strong> in my opinion, bitcoin is more like a bubble economy. It is a game between capitalists and capitalists. Because even if the bubble breaks, they have plenty of means to come out, but for us, these small shareholders are different. p> Therefore, as users, we still need to be more rational to look at these things. The sky won't drop pie for us to pick up. We still need to focus on the present. We can't always look down on those castles in the air< the most important thing is to do what you do now strong>
