50 bitcoin moved

3.

Many people think that the reason why bitcoin is valuable is because it is "rare", and if bitcoin is no longer "rare", then it will not have value

this is a misunderstanding. Let's consider a question: what is the essence of all "currencies"

the answer is trust. The biggest reason for the value of the dollar is because of the credibility established for the dollar under the Bretton Woods Agreement, rather than the so-called equivalent exchange with gold (although others say so). The main reason why RMB is valuable is because of the trust system of RMB in China and neighboring countries, rather than the exchange with us dollar reserves (see offshore RMB). This can explain why the currencies of some countries (such as the ruble of Russia, as well as the Zimbabwean currency as you all know) have been greatly devalued, because the government and the current world situation have led to a trust system that does not support the existence of this currency. The so-called economic sanctions and currency speculation are very superficial and superficial reasons

the essence of money is trust

What about bitcoin

bitcoin has no centralized Trust Measurement institution. The value of bitcoin, namely its "credit system", comes from distrust of centralized units. Every country finds that seigniorage is too easy to collect, which leads to the increasingly poor trust between countries. Even the people of all countries do not trust the national currency

and trust, like quality, is conserved. Trust in centralized money decreases, while trust in decentralized money increases naturally

this is the essential reason why the value of bitcoin continues to rise. Therefore, for digital currencies such as bitcoin, there are only two outcomes. Either countries want to understand that they will no longer issue excess currencies, issue additional currencies in a scientific and reasonable way, unify stable exchange rates, and maintain the credit system of centralized currencies, then the value of bitcoin will be infinitely close to zero. Or countries will continue to drink water to quench their thirst, and more frantically use the method of issuing excess currency to collect seigniorage from everyone, then the trust in the centralized currency will be lower and lower, and the total value of bitcoin, a decentralized currency, will be infinitely close to the gross labor value of all the units that do not trust the government and other governments, but need international trade

either the price is crazy or it's worthless

after understanding these, we can answer this question. Will bitcoin be replaced by other digital currencies

swindlers like * * and even the old Wang next door can come and yell, "I spent 10 minutes to change bitcoin's core and create a new digital currency called SBC. Come and join my ICO and pay me seigniorage ~". So, if this happens, will you immediately choose to use Lao Wang's SBC next door

the answer is that some speculators will participate, but the market will not. The reason is very simple, the new cryptocurrency has not been recognized by the market, the application has not been proced, this kind of currency has no way to exchange for means of proction. Then this kind of currency is not money, but a virtual commodity for speculation. In other words, even if old Wang ICO next door has an SBC, no one will choose this kind of currency except those speculators who have no brains

in the current market, there are many other digital currencies, such as Ethereum, EOS, XRP, and so on, which may have technological advantages in some aspects (in fact, BTC has been evolving, and it will also learn from the advanced technologies of other digital currencies that have been successfully proved by the market. LTC and other currencies can be said to be the experimental currencies of BTC's advanced technologies.), There may be more application scenarios than BTC in the future, but they are not likely to challenge the status of BTC. BTC will always be the first consensus in the currency circle, which is the belief of many people. BTC will exist for a long time as the gold in the currency market, not mainly for the circulation of digital currency

4. Mt. GOx, the operator of the world's largest bitcoin exchange, announced on February 28 that 850000 bitcoins on its trading platform had been stolen. This news is undoubtedly a big bomb for many investors. At a news conference yesterday, Mt. GOx executives acknowledged the shocking fact and revealed some details<

stolen
mark kalpler, chief executive of mt.gox, bowed his apology at a news conference held in Tokyo yesterday, saying that "the loss of bitcoin is e to a loophole in the company's system"
a lawyer for Mt. GOx said that almost all the bitcoins traded on the platform were stolen, including about 750000 bitcoins in the user's trading account and about 100000 bitcoins in Mt. GOx's own account. According to the trading on February 28, the loss is estimated to be about $467 million
according to media reports, mt.gox trading platform had more than 1 million accounts at its peak, mainly from customers outside Japan, including many users trading more than US $10000. Some bitcoin investors have rushed to Tokyo from overseas in an attempt to recover trading funds from Mt. GOx
on February 7, e to hacker attacks, mt.gox temporarily stopped the bitcoin extraction business, causing transaction confusion and user dissatisfaction. From the noon of February 25, users cannot log in to mt.gox trading platform. The home page of the website then pasted a "notice to customers" to suspend all transactions
Li, a native of Hefei, spent 140000 yuan to buy 124 bitcoins in October this year. Afterwards, Li joined some chat groups of bitcoin players to pay close attention to the bitcoin market. On October 22, a person named Michael in the group took the initiative to chat with Li and asked him if he was mining“ I won't, and I won't get any money. " Mr. Li replied. Michael repeatedly urged Li to have a try and sent him a "mining tool", claiming that he could use the tool to dig more bitcoin. In the subsequent chat, Michael constantly reminds Li to put bitcoin in his wallet, saying that the trading website is not safe“ From time to time, there are news that trading websites are closing down and running away. What he said is quite reasonable, so I believe him. " Li told Anhui Business Daily
100 bitcoins disappeared
Li received and installed mining tools. On the evening of October 26, he was inced by Michael to put 100 bitcoins in his wallet. However, when the bitcoin in the E-wallet just reached 100, it suddenly disappeared. Li suddenly panic God, and then contact Michael, the convenience of invisible disappeared
Li told reporters that at present, a bitcoin costs about 5000 or 6000 yuan, and 100 bitcoins are worth 500000 or 600000 yuan. Afterwards, Li reported the case to the police. However, to Li's disappointment, because bitcoin is a virtual currency, there is no relevant domestic law to regulate and protect its transactions. The police did not file a case“ Now, this man named Michael is still active on the Internet. He's just taking advantage of the law. " Li told Anhui Business Daily
there is a Trojan horse in "mining tools"
How could Li's bitcoin disappear? 360 security engineer contacted him and tested Michael's "mining tool", and found that this tool is a very popular "bitcoin robber" Trojan horse this year. According to the analysis of 360 security center, most of the "bitcoin thieves" Trojans are disguised as mining tools, simplified wallets and other compressed files. Once a player is recruited, the Trojan will automatically search for bitcoin wallets and steal them through e-mail, hacker remote control and other means.

5. Whether bitcoin is legal or not depends on the attitude of monetary authorities
the further development of bitcoin may threaten the interests of traditional currencies, and currency issuers will not cede their rights to an open-source P2P algorithm. So governments are likely to outlaw bitcoin
once governments declare it illegal, it may cause huge fluctuations in its price in the short term. It could be a crash, it could be a surge. Because people at the bottom of the world are obviously resistant to their governments< At the same time, the ban by the government will lead to the closure of bitcoin trading platform. After the closing of the trading platform, bitcoin can only be cashed in private, which will have a great impact on its cashing ability< However, e to the characteristics of bitcoin itself, it provides an excellent channel for officials of various countries to accept bribes, launder money and transfer assets overseas. Especially in the trend that officials of various countries disclose their property, bitcoin provides a good way for them to hold huge property anonymously
from this perspective, some officials may actively promote the legalization of bitcoin< On May 7, 2013, officials from the US Commodity Futures Trading Commission (CFTC) said that they were considering whether the online virtual currency "bitcoin" could be applied to the agency's regulations. CFTC is the highest regulator of the derivatives instry in the United States. Bitcoin is known as a currency independent of traditional authority, and if it is regulated more, it may bring challenges to its supporters
CFTC mainly supervises derivatives contracts. Its responsibilities have been greatly expanded after the financial crisis in 2007-2009, and it also has full power to supervise retail foreign exchange dealers
Bart Chilton, one of the five members of the CFTC, said on Monday that he had asked the committee to consider regulating bitcoin to determine whether consumers need additional protection when using bitcoin[ 15]
the Hong Kong government has approved GBL electronic currency trading center to operate virtual currency exchange business, which will be an important milestone in the development of bitcoin. GBL virtual electronic currency trading center has completed the equity change and has the business scope of virtual electronic currency exchange business.

6.

Why do you want to go up? What's the logic

not to mention how many years after the excavation, no one should have g this thing for a long time

take your time

is bitcoin a currency? No, money needs to be liquid, so it needs to be actively over issued to eliminate inflation. Bitcoin can't, so it's not money. It's just because money can't rise so much. Have you ever heard that money can ride a roller coaster? There is no such thing

at best, it can only be collectibles, such as gold, silver, jewelry, ancient books, calligraphy and paintings. You can accept them if you like, and sell them for money if you don't want them

so why is this thing going up so crazy now? In fact, it's just hype

you need to analyze the mentality of the holder, except those who really have faith, the rest are not waiting for it to give you money. Do you want money or bitcoin? Of course, it's money, or I won't ask if it will go up

everyone is bidding up its value. It's a tacit thing to get money after shipping. When you don't ship, you only have a market value, not money. So in essence, you have to ship. After shipping, you can "pursue a better life"

will bitcoin keep rising? This actually doesn't exist, you don't sell bitcoin? You don't know? Don't you want a better life? You will meet your real needs more or less by discounting when you are still young and energetic. The money I earn is for use, and bitcoin does not create value. Then the money I want to use is yours. It's so simple. To put it bluntly, the longer the time, the greater the desire for discounting, even at a stable high level, This kind of pressure still exists. With this pressure, the rise will be limited, and the decline is the manifestation of pressure accumulation

here we need to introce something that we haven't mentioned before, which is the circulation disk. In fact, the proportion of bitcoin circulation disk is not high. Why such a large market value of things can rise and fall more quickly is actually the problem of circulation disk. That is to say, only a small part of the circulation disk is supported by money, and most of the non circulation is actually false value

you can now switch back to the topic

when the total amount of something that can be hyped is exhausted, that is to say, you have lost the way to obtain it at no cost or low cost. Then you have to hold it through trading, and it is not a necessity of your life, and you do not have to hold it. Maybe the price is already at a high level, and the rise and fall of the market will not be very crazy, If you want a big return, you have to buy a large amount of money. The cost you hold is very large. The cost means that the risk is high, and ordinary people can't afford to play. Please note that the original purpose of money is to fight small for big. How much investment enthusiasm is there at this time

because it has completely presented its own value, that is, the so-called generation currency, and obviously it has not achieved the expected goal, such as the idea of decentralization, which is impossible to realize. If it is realized, you will not care how much it is worth, whether it will rise or not, but only how much you hold, and its value logic will collapse

at this time, we can see whether it has collection value. It is no longer proced, but it is a pity that it is not a complete collection. It has neither scarcity nor the most basic aesthetic feeling. It has no artistry, craftsmanship and so on. Its quantity is very large. Do you think degradable garbage bags have collection value? Even if this kind of garbage bag is no longer proced, it is still not

to sum up, 1. There is no cheap way to get it; 2. The price is already very high, the profit space is small, and the cost is high; 3. The value logic has collapsed, and it is not a token; 4. Even as a collection, it doesn't mean much. What are these rules destroying? It is confidence

do you still want to hold such a thing? It's normal that there are things to hold, things to come out and things to go in. But as I said before, there is a time pressure there. Money has to be used. Holding needs to be discounted

at this time, we have to talk about the circulation market. If the circulation market is not big enough, it is a dead hole. Theoretically speaking, if the value logic can not be realized, we should sell as a normal investor. We consider that most of the circulation market are normal investors, so it is inevitable that the sales volume of circulation market is larger than the purchase volume, As long as the money coming out is greater than the money going in, it can be seen that the market value is falling, and it is obvious that the shrinkage of the market value is several times of the actual outflow, because those that are not in circulation are nominal prices, and those that do not exist will disappear as soon as they fall

and this decline is continuous, if it worsens into panic selling, it will be irreversible

that's my point of view. Of course, I don't think it's possible to wait until the last coin is g out. At present, there are obvious signs of a decline in investment confidence. If you are a rational investor, whether you will hold bitcoin for a long time, most of the answers are whether or not you will buy on the cheap, and most of the answers are wait-and-see, which shows the problem, At the end of the day, bitcoin is about confidence

7. If it's a legal purchase of bitcoin, of course, it's OK. If it's an illegal transaction, it's hard to say

8. No, the world will not block it. Bitcoin has great value, but the vast majority of people do not realize this value. However, no one can stop the development of bitcoin. If bitcoin succeeds one day, it will bring great changes to the whole society, and we will benefit from it.