If bitcoin is not accepted
bitcoin is just a game. If it is promoted as a tool to get rich, it can be regarded as a fraud. Just like the currency in other online games, the only difference is that bitcoin has been standardized since the game was first formulated. It can't be issued indiscriminately, so it can keep its value better than other virtual game props. It is equivalent to the online collection. Bitcoin is a prop in the game, and its value is reflected in the recognition of bitcoin by players: more people play, the value of props in the game is higher; The risk is that he is not the only game, and his algorithm is not the only one. Maybe someone will be able to make other special coins soon. All you need to do is promote the game and sell your props. As for money, bitcoin does not have the basic attributes of money, such as unfair initial distribution and insecure circulation. Money needs to be maintained by the state machine
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, the open source software and the P2P network on it were designed and released. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Unlike most currencies, bitcoin does not rely on specific currency institutions to issue. 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 money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction
1. Bitcoin (bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. On February 26, 2014, Democratic Senator Joe Manchin of West Virginia issued an open letter to a number of regulatory authorities of the federal government of the United States, hoping that relevant institutions would pay attention to the status quo of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
3. On May 12, 2017, a global outbreak of bitcoin virus madly attacked public and commercial systems! Nearly 74 countries in the world have been seriously attacked
4. From August 1, 2017, global bitcoin trading platform will suspend recharge and withdrawal services. Bitcoin China digital asset trading platform will stop new user registration on September 14, and all trading businesses will be stopped on September 30
< H2 > reference materials: network bitcoin
bitcoin is a fraud, so we must be cautious in investment and financial management
even if it is called "hard currency", the price of gold will not only rise but not fall. There is no bubble in gold, but the price is too high, there is a bubble, and the bubble will eventually burst, such as virtual currency such as bitcoin. The more general virtual currencies, the closer bitcoin's value is to zero
this kind of currency, which is a purely calculated digital symbol, has no asset support, no financial revenue and expenditure, no cash reserve and no use value. It is only a circulation symbol. Once it loses its credit guarantee, it is a pile of beautiful printed waste paper. Investors should be alert that there is no so-called safe investment in this world, and all investments are risky
the people's Bank of China and other departments issued a document to severely punish the above-mentioned behaviors, making it clear that token trading is not protected by law. With some virtual currency trading platforms turning to overseas, speculative money speculation has also turned to "underground". In the face of continuous renovation, on the basis of continuous strict supervision, government departments should constantly upgrade the means and ability of supervision, and continue to increase publicity and crackdown on popular science, so as to avoid the masses being deceived
extended information:
investing in virtual currency is more of a kind of speculation. Investors should strengthen their risk prevention awareness and identification ability. Without confirming the identity of the other party, they should not be involved in money transactions, trust low-risk and high return investment procts, especially not join the investment and financing group without verification, These are often well-designed traps by telecommunication network fraudsters
it's better to purchase the investment and financial management accompanied by the children, and learn from the official and authoritative channels, and report to the police in time when they are found to be cheated. Properly protect all kinds of account password, identity information, etc., don't tell others easily. Any reference to the need for transfer and remittance should arouse high vigilance and consult with trusted acquaintances
reference source: people's.com - uncover the crazy bitcoin: new Ponzi scheme of 800 yuan each<
People's website - three men set up bitcoin scam and made a profit of more than 150000 yuan and were sentenced
People's website - People's website comments on "analytic blockchain" part 3: how to avoid getting away from the real to the virtual
It has been ten years since the birth of bitcoin, and the price of a single bitcoin has broken through the $40000 mark, which has attracted more and more people's attention. And the trend of bitcoin is more and more like a bubble. Strong>, however, in the short term, the bubble will not burst in the short term, and it will probably be cracked until the bitcoin is close to digging. Of course, the bubble will break up mainly depends on the capital of the speculation when what time to leave, if the capital does not leave the field, the bubble will continue to . p> According to the above two points, the rising price of bitcoin is more like the last craziness of bitcoin and the last means for capital to make money. Although it is not known how long this method will last, but because of the characteristics of bitcoin itself, it can not replace traditional currency as a means of daily life. , when people no longer recognize their value or do not need it, then the bubble of bitcoin will burst instantly. P>
generally, no one can accurately determine the time of bursting of bitcoin bubbles, because it is related to what time the bitcoin will be g and what time the capital will leave. p>
but you should understand that the risk of bitcoin is really great. You can't put all the eggs in the basket. You need to understand that you have to leave a way for yourself at any time. Even if you fail to invest in bitcoin, you still have other baskets. You won't put yourself in danger, and you won't have to sell houses, cars or jump off buildings in a word, a qualified investor should always understand that even if he can't make money, he can't touch the things he can't grasp. After all, the risk coefficient is too high
This situation must be timely feedback to customer service, to retrieve
if bitcoin is stored in the account of the exchange, all the coins are in the big account of the exchange. If the exchange stops trading or goes bankrupt, all the coins belong to the actual controller of the exchange (the person who has the key of the big account)
therefore, if there are official problems in the exchange, we must contact the official customer service in time to retrieve them. In addition, digital assets, blockchain and other technologies will have unpredictable effects, and problems in the development process need to be standardized
extended information:
people who really own bitcoin do not store them on the Internet, but store them on the hard disk. Bitcoin's code is open source, which means that technicians can modify the code to proce a continuous stream of virtual currency
which breaks through the "limited amount" attribute of bitcoin. These virtual currencies can be exchanged with fiat currencies. For example, bitcoin can be exchanged into yen, and yen can be exchanged with almost all fiat currencies in the world
in this case, if the number of virtual currencies increases arbitrarily, there will be problems in the whole international monetary system. Therefore, on September 4, 2017, the central bank stopped the exchange function of the token trading platform, especially the exchange function with legal tender
The total amount of the explosion reached 13.7 billion yuan. After two rounds of bitcoin crash, with so many people standing on the roof, there are so many leeks to be harvested. It's really hopeless< you'll never make money beyond recognition. Even if you're lucky enough to make it, you'll pay it back with your strength if you want to touch the things that Warren Buffett doesn't touch, you will ask who is the behind the scenes player when the position bursts. So I'll tell you who's behind the scenes
let's conclude. The world is asking who is behind the scenes and who is behind the scenes. This is different from the stock fund. If you don't even know who is behind it, you dare to do it. It can only be said that there must be brave men under heavy rewards. If you want to make money, please make something that you don't even touch. Don't touch it. Do you have to be a leek to be a success? Bitcoin's wind rating in many countries is not good, even India's richest man has asked the state to ban it. What does that mean? It's not something that ordinary investors can control. Cryptocurrency in the black market can only be suitable for the black market. Do you really think you are qualified to compete with those unscrupulous investors in the black market
In recent years, bitcoin has been criticized for lack of a central bank, excessive exchange rate volatility, and not legal tender. Even if all these reasons are true, it can only be said that bitcoin is not a very mature currency, and its monetary nature cannot be denied
therefore, the state can consider recognizing the monetary attribute of bitcoin and treat it as a foreign currency, which is regulated by the State Administration of foreign exchange just like the US dollar, Japanese yen and euro, and bring the use of RMB to buy and sell bitcoin into the management of foreign exchange settlement and sales
after the establishment of bitcoin's currency status, all kinds of financial services around bitcoin can also be transferred from underground to above, which must be subject to financial supervision. On the one hand, it can promote the development of instries around bitcoin, on the other hand, it can also be used as a part of Inclusive Finance to benefit more people who can't enjoy traditional financial services, At the same time, it also brings the whole instry into the perspective of supervision, which plays a positive role in maintaining financial stability