How can bitcoin be so expensive without real things
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. 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 currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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let me say a few more words.
at present, only Kunlun bank in China can receive Iranian remittance and letter of credit in RMB and euro. Other banks will return the remittance from Iran, which makes it difficult for Kunlun bank to open an account, Bank fees are also higher than other commercial banks, and each collection of foreign exchange must be approved by the bank before the normal settlement of foreign exchange, which is e to its uniqueness. Iranian customers are also willing to pay to Kunlun bank. Compared with payment through a third party bank, payment to Kunlun bank can enjoy the preferential exchange rate of Iranian bank, and the service charge is much cheaper than payment through a third party
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
first, its reserves are limited, reaching 21 million infinitely< Second, it is more and more difficult to excavate
thirdly, the decentralization of blockchain, anonymity, transnational, impossibility of forgery, etc< Four, the most important thing is that someone recognizes it.
the reason why the price of bitcoin is high is that its value is graally discovered and recognized, and more and more people will need bitcoin
1. The total amount is constant
the total amount of bitcoin is 21 million, and it will never be issued. mining output is halved every four years. Its economic model is deflationary, and the more mining, the less. Therefore, from an economic point of view, the price will naturally rise
2. Storage value
bitcoin is known as "digital gold", and its storage function is more and more recognized by people. With the devaluation of currency and the rise of prices, people's money is becoming less and less valuable. Bitcoin can be effectively used as a storage tool. People can exchange their money for bitcoin, which has a certain growth function in addition to hedging. Moreover, because of its decentralization and privacy, people have absolute control over their wealth and make their money free
everyone needs bitcoin, and there are only 21 million bitcoins, so it's hard to keep the price up.
this is a phenomenon inevitably formed under the promotion of commercial value. Whether high or low, the risk of bitcoin is very large. It would be worthless if his system was ever detected.