Is bitcoin still available

1. The value of bitcoin is entirely determined by how much fiat money circulates with it. For example, if there is 1 million yuan in the bitcoin system and 1 million bitcoins are in circulation, then each bitcoin is worth 1 yuan. Therefore, how much RMB a bitcoin equals is calculated according to the circulation in the bitcoin system, so the price fluctuates
in other words, once an investor invests in bitcoin, it will appreciate. Once a large number of bitcoin are sold for cash, its price will drop sharply. But this is only an ideal situation, because at present, the number of bitcoin has been increasing slowly, and its value is determined by the number of bitcoin and the legal tender in circulation. Therefore, the value of bitcoin will fluctuate greatly, which is also the reason why bitcoin has a strong investment attribute.

2.

Radar currency is a kind of virtual currency, which does not have the value of real currency and has high risk, so it should not be invested

in 2017, the people's Bank of China and other seven ministries and commissions jointly issued the announcement on preventing the risks of token issuance and financing, which clearly pointed out that the token or "virtual currency" used in token issuance and financing is not issued by the monetary authority, has no monetary attributes such as legal compensation and mandatory, and does not have the same legal status as currency, It cannot and should not be used as currency in the market

at the same time, the announcement also pointed out that illegal selling and circulation, raising so-called "virtual currency" from investors, such as bitcoin and Ethernet, is essentially an unauthorized illegal public financing behavior, which is suspected of illegal selling token bills, issuing securities, illegal fund-raising, financial fraud, pyramid selling and other illegal criminal activities

extended materials

the value of real currency or something with monetary attribute is guaranteed from two aspects: one is the strong state power guarantee and endorsement, the other is the general public use and irreplaceable. Therefore, virtual currency is obviously not real currency<

after the regulatory authorities have made clear their attitude, although bitcoin China, huocoin.com and other "virtual currency" operators have successively taken restrictive measures on the trading platform, the risk of "virtual currency" speculation still deserves high vigilance

in response, the China Internet Finance Association also said in the "tips on preventing the risks of bitcoin and other so-called" virtual currencies ", that bitcoin and other so-called" virtual currencies "lack a clear value basis and are increasingly becoming tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other criminal activities

investors participate in speculation through the "virtual currency" trading platform, and face the risk of price fluctuation, security risk, platform technology risk, etc., which need to be borne by investors themselves

3. You can buy it, but you need to complete it through the bitcoin exchange. It's good to recommend okex in China. There are many novice tutorials in it. You can go and have a look

4. Blockchain is a cloud server. In essence, it should serve the real economy and rece the technology cost of enterprises
the issue of currency and the economic system are not things we are considering now.

5. Bitcoin early stage stir fried too much, now the bubble burst, the price down to go back a bit difficult, in the future, the value of bitcoin depends on the actual value of block chain technology, to tell the truth, this technology is too advanced, it is estimated that the realization of ten years and eight years is fast. Therefore, the future trend of bitcoin should be downward trend.

6. As the originator of the world's virtual currency, bitcoin has global liquidity. Even if there is no way to trade on the exchange e to the current domestic regulation, it can still be traded over the counter
after the domestic stock exchange was closed, the price of bitcoin soared by 50%, and it has returned to 30000
recently, International Monetary Fund (IMF) President Christine Lagarde said that it may not be a wise move to turn away virtual currencies. Our next generation may find that they are no less than the existing monetary and central bank policies in many aspects. Lagarde also believes that virtual currency does not threaten the legal currency and the central bank at present, but it may overcome many technical challenges in the future. It may be more convenient and stable than some legal currencies. It is more popular as a payment method, and it may subvert the banking service mode and force the central bank to expand the scope of supervision.

7. You can dig, but it depends on the speed of your mining equipment. Now that more and more people know about bitcoin, the difficulty of mining network also increases exponentially. Even if you buy a mining machine with the fastest speed (7500gh / s), it will not make enough money to pay the electricity bill in a few months. Investing in bitcoin is almost out of the question. You can speculate on bitcoin, or you can look at other currencies, such as litecoin, which may have an upward trend in value in the future. You can buy some money in advance and save it (but it may also become worthless).

8. This is not fixed,
the credit reference is updated once a month,

the time of the month is not fixed,

it mainly depends on the data time submitted by commercial banks and other financial institutions to the PBC.

9. Bitcoin is illegal in China

first of all, e to its lack of supervision, its circulation and trading forms are mostly similar to the issuance and listing of securities, and there is the behavior of setting up an exchange for trading. Its trading process and trading results are not transparent, so it is difficult to regulate when encountering problems. Moreover, its price formation mechanism is not transparent, and the trading price fluctuates greatly, which is easy to make investors suffer huge losses

secondly, it is not recognized by the central bank and can not be used as currency in China. Once it is subject to policy supervision, it is likely to encounter the risk that no one will accept the offer and the price will plummet. The property law does not clearly protect the corresponding provisions of digital currency. Therefore, it is very dangerous to speculate on bitcoin, which is equivalent to running naked in the cold winter

finally, there is no clear legal basis to prove the legality of bitcoin investment in China, and there is no law to prohibit the development of bitcoin, but bitcoin investment also has great legal risks under the appearance of high returns. Because bitcoin is only a technology and method, there is no saying whether it is a hoax or not. However, different bitcoin investments may be a hoax or a crime according to their different forms

therefore, bitcoin cannot be traded in China.