How did BTC fall so badly

1.

There are many reasons for bitcoin's collapse. I think it is mainly because it has no government policy support, the conflict between cash bitcoin and virtual bitcoin, and the decline of public confidence in it. First of all, bitcoin is not supported by the government. It is not protected by relevant government policies. In China, the protection of the government is a big protective film. With policy protection, the impact of this slump will be minimized, and the government will share part of the pressure{ RRRRR}

in any case, there are a lot of reasons for bitcoin's collapse, and each has its own views

2.

Heavy weight! What kind of information is released behind the people's Daily's re evaluation of special currency

April 18, 2018

as the wind vane of policy, people's Daily has a self-evident influence on all walks of life. On April 16, people's Daily published a comment on bitcoin and other digital currencies, to the effect that it is difficult to ban digital currencies completely, and landing payment should be opened. For a time, it triggered a big discussion on policy risk in the currency circle. Why did people's daily comment on bitcoin again? Does this mean that China will lift the ban on bitcoin? Today, I'd like to analyze the information hidden behind the people's daily article

therefore, it is boldly predicted that there can only be one form of bitcoin and blockchain enterprises in the future, that is, the form of Instrial Park supported by the state. As the saying goes, bitcoin is not a good blockchain if it does not solve the employment rate. At present, the whole market is not mature, and the state will not prohibit OTC trading for the time being. However, with the increasing economic risks, the supervision of the currency people will be more and more strict

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4. South Korean media sources said that the short-term virtual currency may also cause great confusion. South Korea will officially implement the real name trading system of virtual currency from the 30th, and all existing virtual currency accounts will be suspended. This move aims to improve the transparency of transactions and prevent speculative forces from entering the virtual currency trading market. From the 30th, six commercial banks, including Shinhan bank, agricultural association bank, enterprise bank, National Bank, Hanya bank and Gwangju bank, require real name authentication when opening accounts for virtual currency users

according to the Japan finance agency, all virtual currency exchanges in Japan will be investigated to prevent capital outflow. Because of the hacking of coincheck trading system of Japan's cryptocurrency exchange in the early morning of the 26th, Kyodo News Agency reported that coincheck had seen capital outflow

the financial department intends to make all exchanges implement security measures to prevent the outflow caused by illegal network intrusion. It can be said that the whole financial market is closely monitoring bitcoin recently, and these moves are bound to cause great chaos to bitcoin and the whole virtual money market.