Bitcoin crashed

1. Because the price of bitcoin has plummeted in recent days, resulting in the capital damage of many investors, and the whole digital money market is full of grief
according to coinsmart, the highest price of BTC this month is $6533.4, while the current price is $4480.87, which once fell to $4100, a new low of this year, with a decrease of about 30%. The market value of bitcoin once evaporated by nearly one third, with a current market value of $548.1 billion
the overall market has fallen so miserably that some of the investors directly involved have lost tens of millions in this market
affected by bitcoin, the mining machine market also suffered. At present, the current price of bitcoin is lower than or close to the mining cost price in many areas, which means that the profit will be greatly reced or even the cost will be lost. Due to the unbearable losses, many players resell "mining equipment", and withdraw from the coin circle. At the same time, e to the currency decline, the income from "mining" can not make up for the hard expenses such as electricity charges, so that some loss making mining machines can only be cleared.

2.

According to the latest data of bitfinex, poloniex, gdax and other trading platforms, the price of bitcoin continued to decline for six consecutive days. The latest price has reached the $14000 mark of Tiepo, which has dropped more than 30% from the highest point

Once people realize that's how it works, they start selling it, he says. The old bitcoin network may not work

Oldenburg admits that buying, selling or trading bitcoin is not a problem nowadays, but when bitcoin transactions are recorded in the blockchain, that is, when each transaction is recorded in the digital ledger, the problem will come to the surface. The crux of the problem is that you can only process a limited number of transactions per second in a bitcoin network, which in turn depends on the "block size" of memory in which the transactions are stored. Aldenberg said that would lead to the scarcity of liquidity and the unavailability of cryptocurrency

All in all, aldenberg doesn't believe that bitcoin will become the currency people use everyday. As long as the network is run by this group [in the old bitcoin network], these solutions will be found in bitcoin cash, where I will see the future, he said

Roger Waugh, an early investor of bitcoin and known as "bitcoin Jesus", believes that compared with the traditional version of bitcoin, bitcoin cash is faster, cheaper and more reliable. Some people in the market have predicted that bitcoin cash will replace bitcoin as the big boss of cryptocurrency, because bitcoin cash is more suitable for the efficient market

However, on Tuesday, coinbase, the leading bitcoin trading platform in the United States, announced that customers could buy and sell bitcoin cash freely, which prompted the rapid rise of bitcoin cash in the past two days, more than doubled in two trading days and set a record high of US $4300

said in a weekly "House View" report: "what we think is all the characteristics of bubbles: high trading volume and little practical use, which indicates that many traders are seeking speculative returns. Although the supply of bitcoin is limited, there are many more widely used cryptocurrencies, and there are now thousands of potential substitutes. "

the report from UBS's chief investment office of wealth management reiterated the bank's attitude in October. UBS said at the time that it believed that the whole encrypted money market was in the "speculative bubble". p>

in this week's report, UBS wrote: "we do not recommend customers to invest in bitcoin or short bitcoin. In principle, the irrational time of these markets is much longer than you can tolerate."

3. The most direct cause of the crash: the bitcoin exchange MT GOx was attacked by hackers, causing a lot of panic selling of bitcoin by investors
in addition, the underlying reason is that the world does not recognize the monetary payment property of bitcoin, but regards it as an investment commodity similar to gold, and even has large-scale capital participation in speculation.

4. The people's Bank of China said that bitcoin could not be used as currency clearing. Some bitcoin websites were stolen and began to avalanche

5. The first problem is that the same file is the default wallet; The second problem is that the wallet only records the address of bitcoin, so how much bitcoin you deposit has nothing to do with the establishment time of the wallet. As long as it runs normally, every transaction will be recorded.

6.

On March 2, Hurun Research Institute released the 2021 Hurun global rich list. Elon Musk of Tesla became the world's richest man for the first time, with a total wealth of 1.28 trillion yuan. The richest man in Asia is Zhong Xiao, the 67 year old "king of bottled water". In Hurun's words, "it's hard to imagine that the first Chinese entrepreneur to enter the top 10 in the world is not Ma Huateng or Ma Yun, but Zhong Xiao, a 67 year old man from Zhuji who sells water."

, despite the influence of COVID-19, this year's biggest increase in wealth has been in the past ten years. Over the past year, the stock market boom and a large number of new listed companies have created eight new billion dollar entrepreneurs every week. " Hu Run, chairman and chief research officer of Hurun Baifu, said

According to the list of

extended data

this year, 3228 US $1 billion entrepreneurs from 2402 companies in 68 countries were listed, 412 more than last year, a record high. Among them, Asia's billion dollar entrepreneurs account for 51% of the world's total wealth, accounting for 45% of the world's total wealth. For the first time, it is more than the sum of the rest of the world

"in the past year, China has added more new faces than the rest of the world combined, and has far surpassed the United States, becoming the first country in the world with 1000 known billion dollar entrepreneurs, with 1058."

who is the richest man in the world? This is the topic that people care about when Hurun rich list is released every year. This time, Elon Musk, 49, won the title of the world's richest man. Compared with last year, his wealth increased by nearly one trillion yuan to 1.28 trillion yuan, equivalent to an increase of nearly one billion US dollars every two days

"Elon Musk is the fourth richest man in the world in the past decade, and at 49, he is the youngest richest man in the world. Bill Gates ranked first four times, Jeff Bezos ranked first three times, and Carlos Slim ELO of Mexico ranked first two times. "

the richest man in Asia is Zhong Qiong, the boss of Nongfu Shanquan, who ranks seventh with a fortune of 550 billion yuan, becoming the first Chinese entrepreneur to enter the top ten of the global rich list

7. Bitcoin in the underground market will not collapse. It's like a substance to replace money. If there is a trade, there will be bitcoin. If you are interested, you can reply me to answer for you.

8. Bitcoin is not worth money. No one wants it if it can't be sold. The most important thing is that it's virtual. It can't even make toilet paper in the end.