Bitcoin China will continue to provide coin withdrawal service

1.

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

2. Did you mention it at last? I haven't mentioned many of them.

3.

On October 10, bitcoin China, one of the three major bitcoin exchanges in China, announced on its official wechat account that it would stop the cash withdrawal business at 12:00 noon on October 30, Beijing time, and ask users to reflect it as soon as possible

bitcoin China has previously turned off the digital assets and RMB recharge function at 12:00 noon on September 27, and turned off all trading functions at 12:00 noon on September 30. The other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, which are headquartered in Beijing, will stop trading all digital assets into RMB before October 31, and the work of clearing their funds and assets is also in progress

4. On the evening of 10

10, bitcoin China issued a notice on its WeChat official account. It said that in order to implement the spirit of the September 4th announcement of the seven ministries and commissions issued by the Chinese people's Bank of China on the prevention of the financing risks of Dai Ying issued, it will actively respond to state regulation and will stop the cash business at 12:00 noon in October 30th this year. p>

in addition, bitcoin China said that bitcoin China's mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally

in addition to bitcoin China, the other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, will stop trading all digital assets against RMB before October 31, and the work of clearing their funds and assets is also in progress

In fact, it is not a bad thing to take preventive measures

5. From the moment bitcoin was born, it was worthless, then it was stir fried, and then it was stopped by the supervision. It's really a roller coaster story. The news of the closing of bitcoin trading platform is increasingly true, and the regulatory authorities have made a conclusion on domestic bitcoin trading platforms: "bitcoin China will shut down and withdraw from the market in the near future." So, can bitcoin investors withdraw cash
bitcoin China will be shut down
bitcoin China will be shut down: Xiaobian learned from multiple sources that bitcoin trading platform will be shut down at the end of September. Regulators close to the local Internet Finance rectification office told China first finance and economics reporters on September 14 that the regulatory authorities have reached a conclusion on the domestic bitcoin trading platform: "all of them will be shut down, and they will withdraw from the market in the near future."

6. Blockchain is a distributed trust mechanism. This technology can measure the financial transactions of bitcoin and other digital currencies, and can provide graded services for all kinds of physical objects in the future. In terms of application, blockchain application will be the first to start in the financial field with high credit cost, and the corresponding investment fields involving cross-border payment, securities discovery and trading system, insurance instry, etc. may benefit first. Selection strategy: [blockchain technology, revenue growth rate greater than 20%]

7.

Bitcoin China said that after the withdrawal was closed at 12:00 noon on October 30, the platform may stop the online withdrawal service. According to the anti money laundering law and other relevant laws and the risk control management requirements of our company, users need to complete video authentication when withdrawing money, and may need to provide more information. Please understand and actively cooperate

previously, bitcoin China claimed to implement the spirit of the announcement on preventing the financing risk of RMB issuing issued by the people's Bank of China and other seven ministries and commissions on September 4, and actively respond to the national supervision. Bitcoin China has closed the digital assets and RMB recharge function at 12:00 noon on September 27, Beijing time, and stopped all trading business at 12:00 noon on September 30

8.

This article is excerpted from Galante app "financial management"

the price of bitcoin has soared, investors should not follow suit

recently, bitcoin has made up a myth again, and the price has been rising all the way. According to the disclosure of relevant institutions,
as of 3:00 p.m. on June 30, the price of bitcoin was $11818. Compared with the price of $3500 at the beginning of January this year, the price of bitcoin has increased by 230% in the first half of the year, surpassing all risk assets such as stock markets and commodities in the world

moreover, the price is not the highest. The highest price was on June 26, and it broke through the $13000 mark in a short time, reaching a new high since January 2018, with a 24-hour increase of
14%. The total market value reached $224.7 billion, equivalent to the market value of Intel

it is the price of bitcoin that has aroused huge market investment attraction,
it has also made many investors dazzled, ready to invest in bitcoin, and even have the impulse to do a lot of
work. I still want to remind investors that for bitcoin investment, we should adopt the investment strategy of "more far-reaching, less near touch", and never turn over the boat in the gutter of bitcoin investment

In addition, there is a phenomenon to remind investors that bitcoin price rises and falls have a certain periodicity, and it is bound to be accompanied by a big fall after a big rise. No one can know how long this wave of price cycle is. If bitcoin is bought at a high price now and the price falls sharply in two days, it will take several days to rise to the current price Months or years, no one knows. If investors lack enough risk tolerance, they may be trapped or even naked after entering. As history shows, according to the data of deep chain finance, bitcoin rose more rapidly this time than the bull market in 2017. In 2017, it took 114 days for the NT to rise from US $4000 to US $13000; In 2019, it took 85 days for bitcoin to rise from $4000 to $13000. According to the general law of price,
the rise cycle of bitcoin is shortened, so is the value ration. That is to say, the time from high price to low price is shortened correspondingly, and the stability of bitcoin investment value is greatly weakened

As a result, although the price of bitcoin has soared today, the future trend is not clear, and no one is sure; Bitcoin itself is also a high-risk investment proct. It is difficult for anyone to accurately predict the risk. It is obvious that digital assets are still investment assets with higher risk, and the fluctuation range and speed of asset prices are significantly different from traditional assets, and their investment strategies should also be different from traditional financial procts. Therefore, the author suggests that "if you don't have diamond, don't do porcelain work". You should keep a distance from the investment of special currency. You should never follow blindly because you are envious of others' investment profits. Especially in the current price situation, investors should not easily chase high, and short should be particularly cautious; Only in this way can we respond to changes with constancy, so that we will neither be deceived nor lose money in bitcoin investment

9. Bitcoin China stopped withdrawing cash on October 30, and a certain fee will be charged for later withdrawal
in addition, bitcoin is essentially a piece of computer code, which is generated by bitcoin software system on P2P network; Today, its price is getting higher and higher. It can only be said that people have a high acceptance of it
as we all know, the main function of money is to act as the intermediary of transaction; According to coin packet, as bitcoin, it can be said that it is the comprehensive proct of the current network technology and social and economic development to a certain stage; It is people's general acceptance of it that makes it part of the function of currency. When a new currency appears one day, people will be interested in it, and bitcoin will pay less and less attention. Maybe bitcoin will leave
therefore, it is wise to invest rationally.