Bitcoin Wall Street
Less than a month after Jamie Dimon, CEO of JPMorgan Chase, failed to beat bitcoin, bitcoin hit a new record. It not only regained the land lost last month, but also broke $5300 today
just a month ago, when bitcoin began to recover from its high level to its low level, Dimon once again attacked bitcoin as "a fraud" at the New York financial conference of Barclays. He concluded that bitcoin was a bubble and predicted that the bubble would eventually collapse. Bitcoin has been controversial since it came out. So far, no mainstream bank has joined the list of market makers, and no big exchange has provided a trading platform. However, even those who oppose bitcoin hold a very positive attitude towards the technical foundation of bitcoin and other digital currencies, that is, blockchain technology
Less than a month after Jamie Dimon, CEO of JPMorgan Chase, failed to beat bitcoin, bitcoin hit a new record. It not only regained the land lost last month, but also broke $5300 today
At JPMorgan's third quarter earnings meeting on Thursday morning local time, Dimon said he would not comment on bitcoin"I will not classify this (bitcoin) as the most important transaction category, but I will not discuss bitcoin any more." Damon said
bitcoin rose rapidly from less than $1000 at the beginning of 2017 to $4900 at the beginning of September. After that, bitcoin dropped rapidly from US $4900 to US $3500 in the first half of September, and then rebounded. Bitcoin has recovered its lost ground and broken through the US $5800 barrier
Dimon once had a similar but more intense evaluation that the circulation value of bitcoin is limited to a very small market
bitcoin's sharp price fluctuation, on the one hand, has attracted speculation about speculative asset bubbles in the market. On the other hand, it has attracted a lot of attention from investors and banks. p> In early October, some media quoted people familiar with the matter as saying that Goldman Sachs was considering directly carrying out market making transactions of bitcoin and other digital currencies, becoming the first Wall Street giant to prepare to directly trade digital currencies. Lloyd Blankfein, CEO of Goldman Sachs, later tweeted: "bitcoin is still under consideration. There is no conclusion, no support and no rejection. I know that when paper money replaces gold, some people will also be skeptical. "
a spokesman for Goldman Sachs said that it is exploring the best service for customers in the field of digital currency
since June this year, Goldman Sachs has begun to release bitcoin research reports, becoming the first large investment bank on Wall Street to release bitcoin price analysis. In an August report, Goldman Sachs said it has become increasingly difficult for institutional investors to ignore bitcoin and the virtual money market
James Gorman, CEO of Morgan Stanley, said at the end of September that bitcoin was definitely not just a fad“ Anonymous money is a very interesting concept, it provides privacy protection for people, it also has meaning for the central banking system. "
Abigail Johnson, CEO of fidelity, an asset management company that manages $2.3 trillion, has joined the ranks of bitcoin gold miners with practical actions. When Johnson attended the digital currency conference in September, she delivered a long speech, saying that her company not only studied regional chain technology, but also injected venture capital into many companies engaged in bitcoin related businessfidelity owns a bitcoin mining company through investment. Johnson himself has been engaged in bitcoin mining business for a long time, and he has a considerable amount of bitcoin
in fact, for Chinese bitcoin investors, whether the exchange is domestic or foreign does not hinder its use. In essence, the exchange provides high-quality services, professional procts and safe systems. After all, the future of bitcoin belongs to everyone and the world
when choosing a bitcoin exchange, we must pay attention to the following points:
first, word of mouth: don't say too much about this. Of course, we must distinguish between water army and real users
the second is the location of the exchange: it should be noted that moral hazard exists everywhere, and the cost of running is very different in different countries, the highest in the United States, followed by Western Europe, Russia, etc., and finally other countries and regions
the third is the method of recharge withdrawal: the mainstream in foreign countries is telegraphic transfer, which has a certain cost but is safe. Credit cards and third-party payment platforms, such as PayPal, have many problems at present, which make it impossible to popularize
the fourth is fees: the exchange provides services and charges fees normally. If there is no charge, then it may be through other ways, such as price manipulation, business and so on. The ultimate victims are investors. As long as the cost is reasonable and the price is clearly marked, there will be no sudden increase in the cost of a certain exchange to rob users
finally, let's talk about lakebtc. As we all know, coinbase in Silicon Valley has raised US $25 million to focus on the payment application of bitcoin. At present, a large number of businesses have begun to access its services
lakebtc in New York was founded by Wall Street bank traders. More than a year ago, it was mainly financial professionals around New York who participated in the transaction. These traders buy and sell bitcoin in lakebtc in addition to the daily trading of billions of US dollars of treasury bonds, institutional bonds, foreign exchange, structured procts and other derivatives. On the one hand, it is novel and interesting, on the other hand, it can practice some bold financial ideas. Just as Texas Hold'em is popular on Wall Street, bitcoin trading is graally spreading among these financial professionals
in contrast, most of the founders of other exchanges at home and abroad have it background, and they do not have a deep understanding of financial markets and exchanges, or even lack financial common sense. For example, exchanges are often equated with pricing power. As everyone knows, the market is the main body of pricing. The function of the exchange is only to find the price and provide services for the market. Otherwise, with the mentality of losing pricing power to run an exchange, all kinds of problems will probably arise. For example, GBL runs away, a domestic exchange is questioned by users for manipulating price and trading volume, issuing false recharge information, and failing to withdraw cash, etc.
Trojan horse is generally defined as a person or thing that secretly causes damage to the enemy or leads to the downfall of the opponent. In today's world, bitcoin is a "Trojan horse". This kind of virtual currency manipulated by "geeks" attracts naive, innocent and ignorant investors on Wall Street by taking advantage of human greed
Peter Schiff is the CEO of europacific capital and a best-selling writer. He thinks bitcoin is the gold of fools Hugo Salinas price, a very successful Mexican businessman, encouraged the government to accept silver as legal tender. He believes that bitcoin will become a tragic history caused by large-scale speculationa former counterterrorism analyst at the CIA said that terrorists are using innovative technologies to raise funds, one of which is bitcoin. He said it was the first terrorist group to use bitcoin publicly
in general, bitcoin fanatics should follow the advice of these successful Wall Street people: no one is more blind than those who refuse to face them
no matter in any country, bitcoin does not need to be developed in a large scale, because it will affect human society< br />
if there is, it must be a pyramid scheme or a pyramid marketing like marketing activity
bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system.
[characteristics of bitcoin]
the reason why bitcoin is anonymous is that they are built on a decentralized system. Bitcoin is completely independent, and the outside world cannot shut it down through some kind of core infrastructure
"anonymity" is very useful for those who don't want to associate their name with the goods or services they purchase. What outsiders see is nothing more than the address of your bitcoin wallet and a string of random words and numbers. Besides, there is no information that can identify themselves. For relatively paranoid users, they can also create many new wallets for free.
bitcoin is designed to allow anonymous ownership and use rights. Bitcoin can be stored in personal computers in the form of computer files (wallets) or in third-party hosting services. No matter how it is saved, bitcoin can be sent to anyone on the Internet through its address. The distributed characteristics of P2P and the design of no central management mechanism ensure that no organization can manipulate the value of bitcoin or create inflation. Its main features are as follows:
< UL >decentralization
bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of the security and freedom of bitcoin
< UL >circulation around the world
bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
< UL >exclusive ownership
the private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
< UL >low transaction cost
bitcoin can be remitted free of charge, but in the end, a transaction fee of about 1 bit will be charged for each transaction to ensure faster execution of the transaction
< UL >no hidden cost
as a means of payment from a to B, bitcoin has no cumbersome limit and proceres. If you know the other party's bitcoin address, you can pay
< UL >cross platform mining
users can explore the computing power of different hardware on many platforms
[bitcoin acquisition method]
first of all, your computer should be installed with the latest version of bitcoin client. After opening the client, all the transaction information data on the network will be automatically downloaded to the local. Depending on the network speed, this process may take several hours. At this time, the account balance is 0. Users can ask friends to send some coins, but a more feasible way is to do mining or merchant acquisition[ 6]
< UL >
mining as a miner
to be a miner is to proce bitcoin with one's own computer. In the early client, there was the option of mining, but it has been cancelled. The reason is very simple. With more and more people participating in mining, it may take several years for one to dig 50 coins, So miners generally organize into miners' guild, and they dig together. Specific mining methods, you can go online search. This method is already very unrealistic
< UL >as a businessman, you can buy coins g by miners with money, open an online shop to sell things and collect bitcoin, and even go to the exchange to speculate in coins. There are many websites providing bitcoin exchange services, which can be converted into almost any kind of currency. If you really don't know how to exchange, you can also come to laoan for help
the difficulty of bitcoin mining is directly proportional to the amount of money that has been mined. The more difficult it is to mine, the more difficult it will be. After 20 million bitcoins are mined out in 2030, the remaining 1 million bitcoins will probably take decades to be mined out. And bitcoin has no central issuing authority, which is generated by network nodes through complex calculations. Anyone can run bitcoin software on a computer to make it. During circulation, enter the quantity 1 on the client software, then come to the other party's bitcoin address and sign with the payer's password. After that, the bitcoin is the other party's
relevant information and pictures are from the Internet: search through the Internet for
relevant reference sources are as follows:
http://finance.chinanews.com/it/2013/08-09/5141755.shtml http://it.sohu.com/20130410/n372202897.shtml
It's a kind of virtual currency that attracts a wave of people to reap, and then it slowly exits. How can it reach a new high? There aren't so many idiots
1. When bitcoin is fried to $150000, a drop of $12000 seems insignificant, but this is not the final price limit< p> Bitcoin has only technology cost and service provider cost, and other things are fried. It has no so-called privacy ring the period. There are many similar mining activities, but it is the first to get up, so it is in the lead, and after other mining activities are yellow, it is still strong and can be fried higher and higher
the people who defend the legal line are much smarter than the people who want to play with the virtual currency. Why not put them in? It's because we are afraid that we will become others' leeks, but some of us have & lt; Society limits him to make money; My heart. Let me just ask you a question: if you have a lot of capital, you have 200 billion US dollars, will you take the opportunity of bitcoin's fall to buy it crazily, and then you will be able to understand what it is worth
There are three reasons for the sharp fall of bitcoin. The first is that the US Treasury believes that many financial institutions use bitcoin to launder money. The second reason is that many bitcoin holders choose to leave the market at the top of bitcoin, which leads to the collapse of bitcoin. The third reason is that countries may tighten their regulatory policies in comparison with the special currency
the US Treasury Department believes that many financial institutions use bitcoin to launder money
on April 18, it was revealed that the US Treasury Department believes that many financial institutions use bitcoin to launder money. This is the biggest reason for bitcoin's slump. Because in the past, the largest holders of bitcoin were various investment companies and financial institutions on Wall Street in the United States
these companies own most of bitcoin, and when macro policies affect them, they will sell bitcoin, which will lead to the decline of bitcoin price. According to previous news reports, the US Treasury secretary is not optimistic about bitcoin he believes that bitcoin often carries out illegal financing. This also provides authenticity for the news{ RRRRR}