Bitcoin tax avoidance
Publish: 2021-04-16 13:37:02
1. On November 1, 2008, a self styled Satoshi Nakamoto posted a research report on a secret cryptography discussion group. The report expounded his new idea of electronic currency bitcoin came out
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.
2. In online games, legal tender is game currency. All transactions of game players in the game should be completed through game currency. The role of the game company is the equivalent of the government, or, to be more exaggerated, the equivalent of God
game companies can control the economy in the game by controlling the generation of game currency (the rate of losing treasure). So, are game companies really omnipotent? The answer is No. what do game companies fear most
it is the offline transaction of players. After the players meet, they trade in RMB. I will give you money and you will give me the best equipment. In this way, they can directly skip the monitoring of the game company and affect the economic balance of the whole game
this is the reason why many online games prohibit players from trading offline, and even the game props can't be given away at all, because they are afraid that RMB trading will damage the economic system in the game
when playing the game, all players understand that the money, gold coins, diamonds, gemstones and so on in the game are essentially fake money. What is real money? It's RMB
you can only use RMB to exchange the currency in the game. The currency in the game can never be converted into RMB
you only need to understand this logic, and then replace the game company with the government
you can easily understand the essence of bitcoin. Whether it's US dollar, pound sterling or RMB, it's all issued by governments, and the government is equivalent to a game company
as long as you survive in this country, all your transactions should be completed through legal tender. However, the emergence of bitcoin is equivalent to "player offline trading". You can bypass the government and freely switch property among various countries. In the logic of bitcoin, US dollar, pound sterling and RMB become fake currencies, while bitcoin becomes real currency
the reason why bitcoin can become a real currency is that it is non renewable. There are only 21 million bitcoins, which will disappear after digging. Bitcoin, like gold, is non renewable. Whether you believe it or not, at least its logic is self consistent
but the currencies of different countries are different. As long as the government feels that it is short of money and turns on the banknote printing machine, it will be able to run full power for printing
this leads to inflation. I don't need to say anything about inflation. Comparing prices 20 years ago, 10 years ago and today, I believe everyone has his own understanding of inflation. In China, it is self-evident how much house prices have soared in the past two decades
many people buy a house not because they don't have a house to live in, but to fight against inflation. Ten thousand yuan to buy financial procts, ten years later, it will become twenty thousand yuan; Ten thousand to buy a house of one square meter, ten years later, it will become 100000 yuan
"house" was essentially "real currency" and "hard currency" before the emergence of bitcoin. The rich buy a lot of real estate to fight against inflation, but the house also has its disadvantages: first, if you really commit a crime,
the house can't be taken in your pocket, and the government should check and seal it, so there are still many risks; Second, a large number of houses are often difficult to sell, and the transaction takes a long period of time; Third, even if the house is sold, a lot of cash can not be transferred overseas. The emergence of bitcoin just perfectly solves these problems
bitcoin is installed in the hard disk. As long as you remember the password, there will be no one to check where you get it, and someone can't seal it (unless you rob your hard disk). Any fixed assets, cash need time cycle, bitcoin do not use, this second order, the next second cash to the account. Transfer assets overseas
is that true? Bitcoin was designed to bypass the monitoring of the national government and transfer assets perfectly and efficiently. Why do most ordinary people think bitcoin is useless, or even can't think of any use? Very simply,
poverty limits our imagination. As a small white-collar who works hard and earns money all his life, what assets need to be transferred? Estate tax? What's more, it's ridiculous. When people die, they just kick their legs. They never think about the need to avoid taxes on inheritance, but it's different for the rich
suppose that the inheritance tax of a certain country is 50%. Once the rich man dies, his son can only get half of his assets. However, if the rich man changes all his assets into bitcoin and gives his son the password hard disk, he will perfectly inherit it, and the government will not be able to collect any tax
(of course, this is only an ideal situation. In fact, it may not be perfect for tax avoidance, but it is still very enlightening). In addition, for law-abiding citizens, there is no risk of bankruptcy and home hunting
but for some of the top rich, they may not care about the amount of assets, but they are very concerned about the safety of assets. It's acceptable for a rich man with a fortune of 1 billion to lose 500 million in business. But what if he was robbed of his family for some inconvenient reasons? He can't accept direct bankruptcy
at this time, if he holds bitcoin, he will never be bankrupt, and no one can his bitcoin. At least we can leave some capital to make a comeback, or leave a way for future generations“ "Asset security" is what the top rich care about most, not more money but less security. To say that bitcoin can fight inflation caused by the government's printing money indiscriminately is just a good cover at this stage
only those in real need can know the real value of bitcoin and figure out its essence The ancients said: Chunjiang water warm ck prophet) this is also the most perfect function of bitcoin, which is recognized by a group of rich and anxious rich people all over the world, who are no longer willing to be controlled by the government,
or have their own blemishes in all aspects. They have reached a consensus by using bitcoin to maintain the security of their own assets by holding bitcoin together
therefore, bitcoin was not designed for the poor at first. When all living beings can understand the purpose of bitcoin, the price will not be affordable to the poor
some common mistakes about bitcoin: Q: isn't bitcoin really a Ponzi scheme? A: bitcoin is not a Ponzi scheme. Ponzi scheme needs to use the money of later generations to supplement the investors in front, and it is in the shape of a pyramid
bitcoin can be bought and sold freely, with ups and downs. If you don't buy or sell bitcoin, you can maintain the original price, which is similar to stocks. A stock can drop 90%, or even drop to delisting, can you simply say that the stock is a fraud
Q: does it make sense that bitcoin consumes a lot of power? A: it takes a lot of manpower and material resources to dig gold. What's the significance of digging gold? The power consumption of bitcoin is the same as the essence of gold mining, which expresses the recognition of its monetary attribute and its value. Q: bitcoin has no government recognition, so it has no value
also has no monetary attribute. A: the original intention of bitcoin is to fight against the government. It doesn't care whether it is recognized by the government or not. In addition, if the government breaks its promise, the currency will also be a piece of waste paper, not to mention Zimbabwe's 100 billion banknotes, and Venezuela's currency devaluation,
in terms of the bad inflation of legal currency before the liberation of our country, it was only 60 years ago. Q: what is the difference between bitcoin and tulip bubble? A: tulips are not non renewable. If they are planted, they will grow. If they are planted more, they will depreciate. There is no way to store them for a long time and cash them in time
similar foam and walnut walnut, all kinds of high-grade wood, strange stones, Tibetan mastiff... These are a way, is a bubble. There are only 21 million bitcoins, which will only be less and less
Q: the principle of bitcoin is very simple and easy to . Will it still have value? A: the principle of religion is also very simple from the perspective of modern people<
but apart from the several religions in Jerusalem, which are regarded as orthodox, what other religions have world-class influence? In fact, it's not many. You can count three to five
will modern people recognize the creation of a religion? Orthodoxy matters. It takes a long time and energy to cultivate the market
bitcoin is orthodox, authentic, the loudest and brightest brand, and the rest are niche. Q: do you think bitcoin is absolutely safe? Will hackers one day blackout bitcoin all over the world
A: This is a question of raising bar. At least for now, bitcoin is logically self consistent
you have to say that someone has broken the bitcoin system. It's like asking, "what if the aliens invade the earth tomorrow?", This possibility also exists, no one can deny, but this assumption is meaningless
Q: will there be a behind the scenes and a big dealer in bitcoin? When it rises to a certain height, it will throw everyone away
A: it may exist, but I think the probability is similar to the probability that Freemasons manipulate the world. This article is not bitcoin soft text, I did not buy bitcoin, just a simple chat about my understanding of bitcoin
I didn't buy bitcoin, and I won't recommend it to anyone
bitcoin has a great risk. The hard disk may be damaged by material resources, may be lost, and may forget the password. This risk is really great
with bitcoin jumping up and down, ordinary people may not be able to stand this fluctuation. If you want to buy it, it is suggested to look at it in a cycle of one year, three years, five years or even ten years. We should have the height and attitude of "not afraid of clouds covering our eyes", otherwise don't touch it
the stable currency usdt is a token issued by tether company based on the stable value currency USD. Tether company strictly abides by the 1:1 reserve guarantee, that is, every usdt token issued, its bank account will have a capital guarantee of USD, and users can exchange USD and TEDA at any time
1usdt = US $1, users can query funds on the tether platform to ensure transparency
use of usdt? Usdt can be said to be the intermediary carrier between digital currency and US dollar legal currency. Why do you say that? For novices, everyone is confused when they first enter the market,
buy usdt with legal currency, and then buy BTC, ETH or other currencies with usdt after a series of observation. Does this process seem familiar? There are also many contract exchanges that use usdt as contract margin
more stable currency to mainstream currency contract trading pairs appear in the options section of big exchanges. As a stable currency, its "stable" nature is reflected in the price and the consensus value it brings to us
of course, there is a price difference between inside and outside the court, let alone digital currency. So in addition to trading different digital currencies, you can also move bricks arbitrage! Brick arbitrage refers to the same commodity in different markets, there will always be different prices
as digital currency is a global asset, it is impossible for many exchanges and OTC trading platforms to have the same price at the same time
the price gap here is very small
game companies can control the economy in the game by controlling the generation of game currency (the rate of losing treasure). So, are game companies really omnipotent? The answer is No. what do game companies fear most
it is the offline transaction of players. After the players meet, they trade in RMB. I will give you money and you will give me the best equipment. In this way, they can directly skip the monitoring of the game company and affect the economic balance of the whole game
this is the reason why many online games prohibit players from trading offline, and even the game props can't be given away at all, because they are afraid that RMB trading will damage the economic system in the game
when playing the game, all players understand that the money, gold coins, diamonds, gemstones and so on in the game are essentially fake money. What is real money? It's RMB
you can only use RMB to exchange the currency in the game. The currency in the game can never be converted into RMB
you only need to understand this logic, and then replace the game company with the government
you can easily understand the essence of bitcoin. Whether it's US dollar, pound sterling or RMB, it's all issued by governments, and the government is equivalent to a game company
as long as you survive in this country, all your transactions should be completed through legal tender. However, the emergence of bitcoin is equivalent to "player offline trading". You can bypass the government and freely switch property among various countries. In the logic of bitcoin, US dollar, pound sterling and RMB become fake currencies, while bitcoin becomes real currency
the reason why bitcoin can become a real currency is that it is non renewable. There are only 21 million bitcoins, which will disappear after digging. Bitcoin, like gold, is non renewable. Whether you believe it or not, at least its logic is self consistent
but the currencies of different countries are different. As long as the government feels that it is short of money and turns on the banknote printing machine, it will be able to run full power for printing
this leads to inflation. I don't need to say anything about inflation. Comparing prices 20 years ago, 10 years ago and today, I believe everyone has his own understanding of inflation. In China, it is self-evident how much house prices have soared in the past two decades
many people buy a house not because they don't have a house to live in, but to fight against inflation. Ten thousand yuan to buy financial procts, ten years later, it will become twenty thousand yuan; Ten thousand to buy a house of one square meter, ten years later, it will become 100000 yuan
"house" was essentially "real currency" and "hard currency" before the emergence of bitcoin. The rich buy a lot of real estate to fight against inflation, but the house also has its disadvantages: first, if you really commit a crime,
the house can't be taken in your pocket, and the government should check and seal it, so there are still many risks; Second, a large number of houses are often difficult to sell, and the transaction takes a long period of time; Third, even if the house is sold, a lot of cash can not be transferred overseas. The emergence of bitcoin just perfectly solves these problems
bitcoin is installed in the hard disk. As long as you remember the password, there will be no one to check where you get it, and someone can't seal it (unless you rob your hard disk). Any fixed assets, cash need time cycle, bitcoin do not use, this second order, the next second cash to the account. Transfer assets overseas
is that true? Bitcoin was designed to bypass the monitoring of the national government and transfer assets perfectly and efficiently. Why do most ordinary people think bitcoin is useless, or even can't think of any use? Very simply,
poverty limits our imagination. As a small white-collar who works hard and earns money all his life, what assets need to be transferred? Estate tax? What's more, it's ridiculous. When people die, they just kick their legs. They never think about the need to avoid taxes on inheritance, but it's different for the rich
suppose that the inheritance tax of a certain country is 50%. Once the rich man dies, his son can only get half of his assets. However, if the rich man changes all his assets into bitcoin and gives his son the password hard disk, he will perfectly inherit it, and the government will not be able to collect any tax
(of course, this is only an ideal situation. In fact, it may not be perfect for tax avoidance, but it is still very enlightening). In addition, for law-abiding citizens, there is no risk of bankruptcy and home hunting
but for some of the top rich, they may not care about the amount of assets, but they are very concerned about the safety of assets. It's acceptable for a rich man with a fortune of 1 billion to lose 500 million in business. But what if he was robbed of his family for some inconvenient reasons? He can't accept direct bankruptcy
at this time, if he holds bitcoin, he will never be bankrupt, and no one can his bitcoin. At least we can leave some capital to make a comeback, or leave a way for future generations“ "Asset security" is what the top rich care about most, not more money but less security. To say that bitcoin can fight inflation caused by the government's printing money indiscriminately is just a good cover at this stage
only those in real need can know the real value of bitcoin and figure out its essence The ancients said: Chunjiang water warm ck prophet) this is also the most perfect function of bitcoin, which is recognized by a group of rich and anxious rich people all over the world, who are no longer willing to be controlled by the government,
or have their own blemishes in all aspects. They have reached a consensus by using bitcoin to maintain the security of their own assets by holding bitcoin together
therefore, bitcoin was not designed for the poor at first. When all living beings can understand the purpose of bitcoin, the price will not be affordable to the poor
some common mistakes about bitcoin: Q: isn't bitcoin really a Ponzi scheme? A: bitcoin is not a Ponzi scheme. Ponzi scheme needs to use the money of later generations to supplement the investors in front, and it is in the shape of a pyramid
bitcoin can be bought and sold freely, with ups and downs. If you don't buy or sell bitcoin, you can maintain the original price, which is similar to stocks. A stock can drop 90%, or even drop to delisting, can you simply say that the stock is a fraud
Q: does it make sense that bitcoin consumes a lot of power? A: it takes a lot of manpower and material resources to dig gold. What's the significance of digging gold? The power consumption of bitcoin is the same as the essence of gold mining, which expresses the recognition of its monetary attribute and its value. Q: bitcoin has no government recognition, so it has no value
also has no monetary attribute. A: the original intention of bitcoin is to fight against the government. It doesn't care whether it is recognized by the government or not. In addition, if the government breaks its promise, the currency will also be a piece of waste paper, not to mention Zimbabwe's 100 billion banknotes, and Venezuela's currency devaluation,
in terms of the bad inflation of legal currency before the liberation of our country, it was only 60 years ago. Q: what is the difference between bitcoin and tulip bubble? A: tulips are not non renewable. If they are planted, they will grow. If they are planted more, they will depreciate. There is no way to store them for a long time and cash them in time
similar foam and walnut walnut, all kinds of high-grade wood, strange stones, Tibetan mastiff... These are a way, is a bubble. There are only 21 million bitcoins, which will only be less and less
Q: the principle of bitcoin is very simple and easy to . Will it still have value? A: the principle of religion is also very simple from the perspective of modern people<
but apart from the several religions in Jerusalem, which are regarded as orthodox, what other religions have world-class influence? In fact, it's not many. You can count three to five
will modern people recognize the creation of a religion? Orthodoxy matters. It takes a long time and energy to cultivate the market
bitcoin is orthodox, authentic, the loudest and brightest brand, and the rest are niche. Q: do you think bitcoin is absolutely safe? Will hackers one day blackout bitcoin all over the world
A: This is a question of raising bar. At least for now, bitcoin is logically self consistent
you have to say that someone has broken the bitcoin system. It's like asking, "what if the aliens invade the earth tomorrow?", This possibility also exists, no one can deny, but this assumption is meaningless
Q: will there be a behind the scenes and a big dealer in bitcoin? When it rises to a certain height, it will throw everyone away
A: it may exist, but I think the probability is similar to the probability that Freemasons manipulate the world. This article is not bitcoin soft text, I did not buy bitcoin, just a simple chat about my understanding of bitcoin
I didn't buy bitcoin, and I won't recommend it to anyone
bitcoin has a great risk. The hard disk may be damaged by material resources, may be lost, and may forget the password. This risk is really great
with bitcoin jumping up and down, ordinary people may not be able to stand this fluctuation. If you want to buy it, it is suggested to look at it in a cycle of one year, three years, five years or even ten years. We should have the height and attitude of "not afraid of clouds covering our eyes", otherwise don't touch it
the stable currency usdt is a token issued by tether company based on the stable value currency USD. Tether company strictly abides by the 1:1 reserve guarantee, that is, every usdt token issued, its bank account will have a capital guarantee of USD, and users can exchange USD and TEDA at any time
1usdt = US $1, users can query funds on the tether platform to ensure transparency
use of usdt? Usdt can be said to be the intermediary carrier between digital currency and US dollar legal currency. Why do you say that? For novices, everyone is confused when they first enter the market,
buy usdt with legal currency, and then buy BTC, ETH or other currencies with usdt after a series of observation. Does this process seem familiar? There are also many contract exchanges that use usdt as contract margin
more stable currency to mainstream currency contract trading pairs appear in the options section of big exchanges. As a stable currency, its "stable" nature is reflected in the price and the consensus value it brings to us
of course, there is a price difference between inside and outside the court, let alone digital currency. So in addition to trading different digital currencies, you can also move bricks arbitrage! Brick arbitrage refers to the same commodity in different markets, there will always be different prices
as digital currency is a global asset, it is impossible for many exchanges and OTC trading platforms to have the same price at the same time
the price gap here is very small
3.
Last night's bitcoin was destined to be recorded in history
at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell rapidly from $9700 to a low of $7998. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months
The sharp drop in the price of the currency has brought about a terrible situation in the contract market, which was full of blood last nightaccording to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added
"bitcoin crash" also appeared on the microblog hot search list again two months later
it is worth noting that a few days ago, there was news in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency. He said the goal of digital currency and electronic payment in the future is to replace part of cash
bitcoin plummeted by more than 15% in 100 minutes
below US $8000
last night, the collapse of bitcoin shocked investors again
at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell to a low of $7998, down more than 15%. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months
"in terms of bitcoin, this is quite a rare event," said Qiao Wang, proct director of messari, a New York based cryptocurrency centric data and research company
so far, bitcoin has plummeted nearly 35% from the highest point of US $13355 in the year
this means that bitcoin's bull market in 2019 is in trouble
since September 2, BTC has started to collapse from a bearish downward triangle, which has been noticed by most people in the cryptocurrency twitter community
some market participants said that the decline of bitcoin was partly e to technical factors. They pointed out that the digital currency has been falling in a triangle, which is a bearish signal
ZBG CMO Lizzie of the Hong Kong digital currency exchange
Lo told the fund that a series of expectations have been digested, including the expected baktt exchange online, but the trading is flat. In addition, the institutions will make corresponding strategic adjustments,
several major institutions short bitcoin
as of the press release, the price of bitcoin was $8651.53, down 11.08% in the past 24 hours
and the coin circle is also full of sorrow: EOS, Ethereum, etc. all fell by more than 10%
however, Lizzie Lo said that after a round of slump,
it noticed that usdt, a stable currency, had a large premium as a ticket for investment in the currency circle, which meant that there was a lot of money on the sidelines. In the medium and long term, it believes in the consensus of bitcoin, and the downward adjustment only gives opportunities for traditional funds that had not entered the market
investors were awakened by qiangping's SMS in the middle of the night
the overall collapse of the currency circle has brought about a miserable contract market, which was full of blood last night
according to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added. Among them, bitcoin added 6.34 million burst warehouse receipts, about 72000
BTC; EOS added 9.79 million explosive warehouse receipts, about 36.07 million EOS; Ethereum added 10.5 million explosive warehouse receipts, about 652000 eth
some bitcoin investors said that they woke up in the middle of the night last night, received a burst SMS, and then couldn't sleep any more...
the long short ratio ranged from 2:1 to 1:1
however, there were also those who made a lot of money by shorting:
according to the triple BTC short index of ZBG platform, the short profit reached its peak at 3:30 on September 25. So far, the short index has grown by 33.5% in 24 hours
Lizzie Lo points out that at 3:30 a.m., the triple shorting index reaches its peak, which means that the most people are short at that time
under the crazy counterattack of bears, the market long short ratio was slaughtered from 2:1 to 1:1
in addition, as investors sought to close their positions in the crazy sell-off, they withdrew from the market of $30 billion within 24 hours About 213.3 billion yuan)
Yi Gang: at present, there is no timetable for its launch. The goal is to replace part of M0. It is worth noting that recently, it was reported in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency Yi Gang said:I would like to say a few points about digital currency. First, the people's Bank of China has been studying digital currency since 2014. We have a digital currency Research Institute and a special team, and we have made positive progress. We combine the central bank's digital currency and electronic payment tools, so it is called a package of digital currency and electronic payment
Second, what are the goals of digital money and electronic payment in the future? The goal is to replace a part of M0, that is, to replace a part of cash. It does not mean to replace M1 or m2 Third, the future framework of our digital currency is a two-tier operation system of the central bank and commercial banks, which will not change the current money supply path and system, so as to fully mobilize the enthusiasm of the marketFourth, we will adhere to the centralized management, do not presuppose the technical route in the research and development work, we can choose the best in the market through fair competition, we can consider the blockchain technology, we can also adopt the new technology evolved from the existing electronic payment, fully mobilize the enthusiasm and creativity of the market, we have also set up a mechanism compatible with the incentive mechanism of market institutions. As for when you ask, we don't have a timetable. I think there will be a series of research, testing, pilot, assessment and risk prevention. Especially if digital currency is used across borders, there will be a series of regulatory requirements such as anti money laundering, anti terrorist financing, anti tax haven and "know your customer"
- for more data, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute
4.
blockchain technology is not only the underlying technology of bitcoin, but also the core and infrastructure of bitcoin bitcoin has been running without any centralized organization operation and management. Later, bitcoin technology was abstracted, which was called blockchain technology or distributed ledger technology
extended data:
disadvantages of blockchain technology applied to digital currency:
first, there is no circulation management organization for "decentralization" blockchain technology is essentially a distributed database system with one-way linked list logic structure and P2P network design mode, which determines that there is no unified central control system for virtual currency based on blockchain technology
Second, it is difficult to effectively control the quantity supply the circulation of virtual currency based on blockchain technology is fixed, and according to Fisher Equation, the total transaction volume of the whole society under a certain price level in a certain period has a certain proportion with the required nominal currency volume, while the constant currency volume obviously can not meet the requirements of the growing total price of social goods Thirdly, "mining mechanism" is difficult to create recognized value bitcoin itself has no value and no national credit support. Some people think that "by continuously consuming computing power and energy to inject value into virtual currency", but it is obviously not the most efficient choice to consume millions of calculations in order to find a hash value that meets the requirements Fourthly, procers and early holders are easy to get high seigniorage any virtual currency based on blockchain technology is held by a few people at the initial stage of its development. Take bitcoin as an example. At first, bitcoin was only a proct of a few people's game. The first bitcoin purchase in May 2010 was $10000 BTC's purchase of $25 pizza. The first bitcoin transaction completed in July of the same year was $0.04/btc5. There are mines in many caves. Sometimes the bare stones on the mountain, as long as they have luster and spots, are also mines, and most of them are in the caves. Can network ancient scroll 5 cave at a glance, there are pictures
there is a pickaxe in the bag. Press e to the ore, or press the left button to the ore with a pickaxe in hand to get daylight twice
when enchanting and dismantling enchanted weapons / equipment, the enchantment level will also increase. The leather belt made of excavated iron ore and the monster's fallen skin will be used to make daggers, and then the enchantment will sell for money. The most valuable thing is to dispel affixes.
there is a pickaxe in the bag. Press e to the ore, or press the left button to the ore with a pickaxe in hand to get daylight twice
when enchanting and dismantling enchanted weapons / equipment, the enchantment level will also increase. The leather belt made of excavated iron ore and the monster's fallen skin will be used to make daggers, and then the enchantment will sell for money. The most valuable thing is to dispel affixes.
6. The crude oil platform is very important
as long as it is a regular exchange, it is guaranteed
judging whether a spot trading platform is formal mainly depends on the following points:
1. Government approval
it depends on whether the precious metal exchange or trading center has government approval and whether it can be checked. Most of the exchanges issued by the state and registered by the government are formal
2. Capital security
nowadays, the electronic disk of formal trading platform generally provides the third-party custody and custody of major commercial banks, and the comprehensive and strict third-party supervision is rare. On the other hand, look at the flow of funds. Generally, the accounts provided by underground precious metal companies are either private accounts or accounts of overseas companies or institutions
3. The trading system
depends on whether the trading system is jammed and sliding, whether it is convenient to get in and out of cash, and whether it is normal ring the normal spot silver trading time, especially ring the period of large-scale national surprise inspection, whether there will be system failure, system upgrade, rectification stop, network failure and other reasons, which generally occurs on the trading platform, Most of them are irregular spot trading platforms
4. Transaction time
in China, except for paper gold of banks, it is impossible to have 24-hour transaction
5. Leverage ratio
in spot trading, leverage refers to the multiple of capital amplification achieved by margin trading mechanism. The greater the leverage, the greater the multiple of capital amplification, and the higher the capital utilization. The smaller the leverage is, the smaller the capital magnification is, and the lower the capital utilization rate is. However, the greater the leverage is, the greater the risk is. It is better not to do the proposal that the leverage is too large
6. Transaction cost
transaction cost includes spread, handling fee and delay fee (overnight fee). Of course, what we expect is that the transaction cost is relatively low, but we should not choose those trading platforms that are too low. Some informal trading platforms are too low. We should always remember this sentence: "there will be no pie in the sky, It's a trap even if it falls occasionally. "
as long as it is a regular exchange, it is guaranteed
judging whether a spot trading platform is formal mainly depends on the following points:
1. Government approval
it depends on whether the precious metal exchange or trading center has government approval and whether it can be checked. Most of the exchanges issued by the state and registered by the government are formal
2. Capital security
nowadays, the electronic disk of formal trading platform generally provides the third-party custody and custody of major commercial banks, and the comprehensive and strict third-party supervision is rare. On the other hand, look at the flow of funds. Generally, the accounts provided by underground precious metal companies are either private accounts or accounts of overseas companies or institutions
3. The trading system
depends on whether the trading system is jammed and sliding, whether it is convenient to get in and out of cash, and whether it is normal ring the normal spot silver trading time, especially ring the period of large-scale national surprise inspection, whether there will be system failure, system upgrade, rectification stop, network failure and other reasons, which generally occurs on the trading platform, Most of them are irregular spot trading platforms
4. Transaction time
in China, except for paper gold of banks, it is impossible to have 24-hour transaction
5. Leverage ratio
in spot trading, leverage refers to the multiple of capital amplification achieved by margin trading mechanism. The greater the leverage, the greater the multiple of capital amplification, and the higher the capital utilization. The smaller the leverage is, the smaller the capital magnification is, and the lower the capital utilization rate is. However, the greater the leverage is, the greater the risk is. It is better not to do the proposal that the leverage is too large
6. Transaction cost
transaction cost includes spread, handling fee and delay fee (overnight fee). Of course, what we expect is that the transaction cost is relatively low, but we should not choose those trading platforms that are too low. Some informal trading platforms are too low. We should always remember this sentence: "there will be no pie in the sky, It's a trap even if it falls occasionally. "
7. If you need to know the standard of China Unicom's package charges, you can visit China Unicom online business hall and China Unicom app to learn about the package charges and specific contents launched by our company. Due to the different policies of different cities, different services are launched. If you need to know more about the tariff packages, you can contact the local Unicom customer service or consult the local Unicom business hall.
8. When is bitcoin transaction taxed
in deep networks, such as silk road, bitcoin is used for transactions, instead of real currency
in deep networks, such as silk road, bitcoin is used for transactions, instead of real currency
9. I still remember that there is a story in the movie "Lao Pao Er", that is, Liu Ye got a bank statement of UBS with a balance of more than 7 million euros from Tan Xiaofei...
it was this bank statement that changed the confrontation between "Xiao Pao Er" and "Lao Pao Er", and also brought Tan Xiaofei's father to the ground
the plot is about to become a reality, which is a harbinger of the arrival of CRS. "There are so many rich people in China that they can't be found on me. Anyway, China's tax authorities can't find them." This is what most high net worth people who have multiple accounts abroad take for granted
now, do you dare to say that? Such a good day is coming to an end, for the rich, the world is more and more trouble! To put it more popularly, this is aimed at the situation that a lot of rich people take their overseas status and collect money in China, but a lot of wealth is transferred abroad
the administrative measures for e diligence on tax related information of non resident financial accounts jointly issued by the State Administration of Taxation, the Ministry of finance, the central bank, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission will be implemented from July 1
the Chinese version of CRS boots have landed, and the cross-border transfer of more than $10000 needs to be declared, which indicates that the prelude of China's anti money laundering supervision is about to start...
don't think that it has nothing to do with the common people. This "measures for the administration of large amount transactions and suspicious transaction reports of financial institutions" is really closely related to us
before that, the amount we need to declare was more than US $50000. This political reform can only show one problem: it is more and more difficult for money to go out
the editor of jintou.com should first remind some people who don't understand the situation that they are only traveling and shopping overseas. In fact, they have nothing to do with what I want to say, because they don't need to exchange foreign exchange for traveling and spending abroad. They just need to do one thing well: take a good bank card
when you swipe your card, including cash withdrawal from foreign ATMs, you don't need to exchange foreign exchange by yourself, and it doesn't occupy your exchange quota of $50000 per year, and it doesn't involve any overseas bank accounts. As long as you don't exchange foreign exchange, it's ok. It's related to studying abroad and emigrating. As long as you follow the normal process, it's OK, and don't worry about it...
don't mention us ordinary people, Even business tycoons like Wang Jianlin want to buy overseas. No wonder Li Jiacheng and Chongqing Li Jiacheng have sold off their overseas assets for a long time. They are far sighted and admire Li Jiacheng...
however, for those rich people who are keen to hide their assets in overseas accounts to avoid taxes in the Republic of China, A sword of Damocles is hanging over their heads. These people are going to be nervous
not only can't get money out, the existing non resident financial account information will be surveyed, and the personal asset information surveyed and counted includes not only bank deposits, but also stocks, bonds, funds, insurance, etc
this time, it is intended to prepare for the exchange of information with other countries in the future, and other countries will also provide China's tax authorities with the asset status of Chinese residents and enterprises in their countries
the main purpose is to crack down on money laundering, terrorist financing, corruption, tax evasion and other criminal activities, but it will also virtually crack down on many investors who want to buy houses overseas, because it is more cumbersome for them to transfer their money at home and go abroad...
in fact, the last opportunity left for Chinese people to swipe their cards to buy houses overseas will also be closed, On June 1, UnionPay will close the overseas credit card channel in Cyprus, a popular place for Chinese to buy houses overseas
from now on, if Chinese want to buy a house or make other investments abroad, the proceres will be more complicated as long as the funds are involved in going abroad. If there is any violation, the funds will be banned from going abroad for three years, and whether they are involved in "money laundering" will be investigated
the central bank has done a good job in this matter. In fact, CRS is an exchange mechanism, which is not what some people say that the state is going to start with the "rich". The tax liability of the "rich" overseas income has always existed in China. Whether they have fulfilled the tax liability is the question that the "rich" should consider
please return to the rule of law, treat the allocation of global financial assets rationally and objectively, treat the tax obligation correctly, and do not panic, correct blindly, and take chances
at present, 101 countries and regions have signed CRS agreements, including Canada, China, Hong Kong and Macao, and even the Virgin Islands, where many offshore financial companies are traditionally regarded as "tax havens", as well as Switzerland, which is known by the banking instry for its customer confidentiality
next, all departments of the central bank will speed up the formulation of bitcoin management measures, so that bitcoin can not become a regulatory loophole. Some enterprises and indivials also use leverage financing to buy bitcoin, and then buy it at home and sell it abroad to achieve a larger scale of illegal transfer of funds out of the country
China thousands of small and powerful rich, rich and small, are illegally transferring funds to the outside world. They are desperately emptying China, but they have left the serious real estate bubble and inflation to thousands on thousands of helpless and helpless civilians. Even if they do not know the ordinary people of finance, they will be aware of the seriousness.
from 2000 to 2011, about $3.75 trillion of illegal cash flows flowed out of China, a considerable part of which was corruption income. CRS is a good thing, but it's a little late. I hope corrupt officials have nowhere to hide their dirty money. This will really be very popular!
it was this bank statement that changed the confrontation between "Xiao Pao Er" and "Lao Pao Er", and also brought Tan Xiaofei's father to the ground
the plot is about to become a reality, which is a harbinger of the arrival of CRS. "There are so many rich people in China that they can't be found on me. Anyway, China's tax authorities can't find them." This is what most high net worth people who have multiple accounts abroad take for granted
now, do you dare to say that? Such a good day is coming to an end, for the rich, the world is more and more trouble! To put it more popularly, this is aimed at the situation that a lot of rich people take their overseas status and collect money in China, but a lot of wealth is transferred abroad
the administrative measures for e diligence on tax related information of non resident financial accounts jointly issued by the State Administration of Taxation, the Ministry of finance, the central bank, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission will be implemented from July 1
the Chinese version of CRS boots have landed, and the cross-border transfer of more than $10000 needs to be declared, which indicates that the prelude of China's anti money laundering supervision is about to start...
don't think that it has nothing to do with the common people. This "measures for the administration of large amount transactions and suspicious transaction reports of financial institutions" is really closely related to us
before that, the amount we need to declare was more than US $50000. This political reform can only show one problem: it is more and more difficult for money to go out
the editor of jintou.com should first remind some people who don't understand the situation that they are only traveling and shopping overseas. In fact, they have nothing to do with what I want to say, because they don't need to exchange foreign exchange for traveling and spending abroad. They just need to do one thing well: take a good bank card
when you swipe your card, including cash withdrawal from foreign ATMs, you don't need to exchange foreign exchange by yourself, and it doesn't occupy your exchange quota of $50000 per year, and it doesn't involve any overseas bank accounts. As long as you don't exchange foreign exchange, it's ok. It's related to studying abroad and emigrating. As long as you follow the normal process, it's OK, and don't worry about it...
don't mention us ordinary people, Even business tycoons like Wang Jianlin want to buy overseas. No wonder Li Jiacheng and Chongqing Li Jiacheng have sold off their overseas assets for a long time. They are far sighted and admire Li Jiacheng...
however, for those rich people who are keen to hide their assets in overseas accounts to avoid taxes in the Republic of China, A sword of Damocles is hanging over their heads. These people are going to be nervous
not only can't get money out, the existing non resident financial account information will be surveyed, and the personal asset information surveyed and counted includes not only bank deposits, but also stocks, bonds, funds, insurance, etc
this time, it is intended to prepare for the exchange of information with other countries in the future, and other countries will also provide China's tax authorities with the asset status of Chinese residents and enterprises in their countries
the main purpose is to crack down on money laundering, terrorist financing, corruption, tax evasion and other criminal activities, but it will also virtually crack down on many investors who want to buy houses overseas, because it is more cumbersome for them to transfer their money at home and go abroad...
in fact, the last opportunity left for Chinese people to swipe their cards to buy houses overseas will also be closed, On June 1, UnionPay will close the overseas credit card channel in Cyprus, a popular place for Chinese to buy houses overseas
from now on, if Chinese want to buy a house or make other investments abroad, the proceres will be more complicated as long as the funds are involved in going abroad. If there is any violation, the funds will be banned from going abroad for three years, and whether they are involved in "money laundering" will be investigated
the central bank has done a good job in this matter. In fact, CRS is an exchange mechanism, which is not what some people say that the state is going to start with the "rich". The tax liability of the "rich" overseas income has always existed in China. Whether they have fulfilled the tax liability is the question that the "rich" should consider
please return to the rule of law, treat the allocation of global financial assets rationally and objectively, treat the tax obligation correctly, and do not panic, correct blindly, and take chances
at present, 101 countries and regions have signed CRS agreements, including Canada, China, Hong Kong and Macao, and even the Virgin Islands, where many offshore financial companies are traditionally regarded as "tax havens", as well as Switzerland, which is known by the banking instry for its customer confidentiality
next, all departments of the central bank will speed up the formulation of bitcoin management measures, so that bitcoin can not become a regulatory loophole. Some enterprises and indivials also use leverage financing to buy bitcoin, and then buy it at home and sell it abroad to achieve a larger scale of illegal transfer of funds out of the country
China thousands of small and powerful rich, rich and small, are illegally transferring funds to the outside world. They are desperately emptying China, but they have left the serious real estate bubble and inflation to thousands on thousands of helpless and helpless civilians. Even if they do not know the ordinary people of finance, they will be aware of the seriousness.
from 2000 to 2011, about $3.75 trillion of illegal cash flows flowed out of China, a considerable part of which was corruption income. CRS is a good thing, but it's a little late. I hope corrupt officials have nowhere to hide their dirty money. This will really be very popular!
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