Gold down, bitcoin down, oil down
At present, the price of bitcoin is mainly driven by the Chinese market, which accounts for more than 90% of the global bitcoin trading volume
some analysts said that the rise of bitcoin was mainly e to capital and currency restrictions in China, India, Venezuela and other countries, which prompted people to buy e-money to maintain their savings, and also promoted investors to keep buying
so far, investors can't help asking whether bitcoin will replace gold as the largest safe haven asset
Ian Bezek, a professional trader, believes that bitcoin and gold have their own strengths, but gold has a greater advantage at this stage
Ian Bezek pointed out that bitcoin is highly accepted in some countries with serious capital controls, such as Argentina, where it is difficult to transfer assets abroad
e to China's economic slowdown and asset outflow, RMB devaluation occurs. Bitcoin is mainly used to convert RMB assets into overseas assets, which is much more convenient than gold
this is not bad news for gold, because the popularity of bitcoin means that gold, which is also a safe haven asset, will also usher in a rising opportunity
some analysts said that the rise of bitcoin was mainly e to the capital and currency restrictions of China, India, Venezuela and other countries, which prompted people to buy e-money to maintain their savings, and also promoted investors to keep buying
so far, investors can't help asking whether bitcoin will replace gold as the largest safe haven asset
Ian Bezek, a professional trader, believes that bitcoin and gold have their own strengths, but gold has a greater advantage at this stage
Ian Bezek pointed out that bitcoin is highly accepted in some countries with serious capital controls, such as Argentina, where it is difficult to transfer assets abroad
e to China's economic slowdown and asset outflow, RMB devaluation occurs. Bitcoin is mainly used to convert RMB assets into overseas assets, which is much more convenient than gold
this is not bad news for gold, because the popularity of bitcoin means that gold, which is also a safe haven asset, will also have an opportunity to rise.
responder: ccchhhjk - Magic apprentice level 1 9-25 18:05
promote patriotism, aspire to forge ahead for the country
patriotism is loyalty and love for the motherland. In the past dynasties, many people with lofty ideals have a strong concern for the country and the people. They take the state affairs as their own responsibility, go on and on, defend the motherland and care for the people's livelihood in the face of adversity. This valuable spirit has made the Chinese nation survive through adversity. The content of patriotism is very extensive. Loving the mountains and rivers of the motherland, loving the history of the nation, caring about the fate of the motherland, fighting bravely in times of crisis and dying for the motherland are all manifestations of patriotism. In the five thousand years of development of the Chinese nation, the Chinese nation has formed a great national spirit with patriotism as the core
it is precisely because of the deep love for the motherland that the instrious and intelligent Chinese people have jointly opened up a vast territory and created a splendid culture. Shouldering the task of realizing the great rejuvenation of the Chinese nation, we should love the great rivers and mountains of the motherland and actively safeguard the sovereignty, independence and territorial integrity of the motherland. Every inch of the territory of the motherland should not be lost or occupied by separatists; We should love the history and culture of the motherland, improve national self-esteem and self-confidence, and do our best to create a more brilliant national culture
today, China has entered a new historical period. China's accession to the WTO makes the relationship between China and other countries closer. Opportunities and challenges coexist. We will face more and more new situations and new problems. To promote the great cause of China's reform and opening up and speed up the process of socialist modernization, we need to carry forward the fine tradition of patriotism. Only in this way can the Chinese nation revive its vigour and make greater contributions to human civilization and progress
a country is prosperous when it is young and strong when it is young. We should adapt to the requirements of the development of the times, have a correct understanding of the history and reality of the motherland, enhance our patriotic feelings and the sense of responsibility for revitalizing the motherland, and establish national self-esteem and self-confidence; Carry forward the great spirit of the Chinese nation, hold high the banner of patriotism, forge ahead, self-improvement, hard work, tenacious struggle, and truly turn patriotism into a trip to serve the country. Today for the revitalization of China and study hard, tomorrow to create a brilliant future of the motherland to contribute their own strength!
Bitcoin fell. The price of bitcoin rose to US $57000 a few days ago, but it has fallen back to US $50000 in recent two days. It has paid hundreds of dollars. Of course, these units are all US dollars. Why does it rise rapidly and fall rapidly? Because the value of virtual currency itself is unstable, the market volume largely determines its price{ It is not certain if RRRRR}
will burst. This is because before the price dropped below 40 thousand dollars, it rose to a little more than 41000 dollars. People felt that the market had good news after reaching the end of the year, resulting in a short break in less than a month, and the jumped to 57, faster than the special price. 000 dollars, who can guarantee that there won't be another such news? It's all uncertain
Social security
1. Employment and insurance payment in Changzhou
2. The employer or the employer shall submit a written application to Changzhou Social Security Agency for the continuation of the social security relationship, and present the payment voucher issued by the original insured place
3. For those who meet the transfer in conditions, Changzhou social security agency will send the social security relationship transfer continuation contact letter to the social security agency of the original insured place< 4. After receiving the contact letter, the social security agency of the original insured place transfers the social insurance relationship and transfers the fund according to the regulations< 5. After the fund arrives at the account, Changzhou social security agency will take over the social insurance relationship and personal account with the information form, and inform the employer or the employee of the settlement
materials required for transferring endowment insurance to other places: 1. An original and a of the "basic endowment insurance payment certificate" issued by the social security institution of the original insured place; 2. Transfer person's ID card (agent: of transfer person's ID card, agent's ID card; Person in charge of the unit: official seal of the unit)
materials required for medical insurance transfer in other places: 1. An original and a of the medical insurance "insurance certificate" issued by the social security institution of the original insured place (the transfer out of the province can be applied for directly); 2. Transfer person's ID card (agent: of transfer person's ID card, agent's ID card)
please go to window 28 of social security hall on the second floor of Changzhou labor security service center (No.2 Hualong Lane) to apply for social security transfer proceres< After confirming the labor and personnel relationship between the employee and the employer in Changzhou, the employer will open a personal account of housing provident fund for the employee at the designated acceptance point of the provident fund center
(2) the employee should bring the storage card of housing provident fund (if the indivial account of housing provident fund is not opened locally, the employee should bring his / her ID card, and the supporting documents of establishing labor (personnel) relationship with the units in the city) to the center to handle the contact form of transferring the employee's housing provident fund into Changzhou
(3) the employee shall go to the housing provident fund management center of the place where the original unit is located to handle the transfer out proceres with the first sheet of "employee housing provident fund transfer into Changzhou contact form"
the sharp fall in gold prices last week reflects the extreme pessimism of the market towards gold. In the past 40 years, the gold long-term sentiment index only showed five similar extreme pessimism in 1976, 1983, 1998, 1999 and recently. Every time there is such extreme pessimism, gold prices are at or very close to an important bottom. The recent sales of Cyprus and hedge funds, the redemption of gold ETF, the pessimistic seller's Research Report and the fall of gold price all show that buyers and sellers, hedge funds and retail investors have no illusions about gold price. Therefore, for reverse investors, the recent fall in gold prices is a sign of buying against the trend. The demand for gold trading to cover positions may continue to have a negative impact on gold prices in the short term, but the brave can see the trading opportunities
after passing two historic bills, the United States finally abandoned the gold standard system. In 1933, Roosevelt terminated the gold cashing of domestic US dollars to support the economic recovery, and the price of gold rose from US $20.67 to US $35 per ounce. Later, Nixon completely terminated domestic and international gold cashing in 1971 to pay for the Vietnam War, and the price of gold rose to $42.22 an ounce. From then on, the dollar went down. Gold is the endorsement of central bank notes. As the Federal Reserve, the Bank of Japan and the European Central Bank compete to devalue money in the form of massive quantitative easing, the intrinsic value of paper money relative to gold will continue to depreciate, or even plummet. Weak U.S. economic data on Friday showed that the Federal Reserve will continue quantitative easing, while the Bank of Japan will continue to do its best to devalue the yen
the rising volatility of gold price indicates that the volatility of stock market is about to soar. The consensus has been that China's stock market will benefit from global easing monetary policy. However, since the second round of quantitative easing policy of the United States in November 2010, the Hong Kong market has not been able to reach a new high, and the Chinese stock market has only "dead cat rebound", but the stock markets of the United States and Japan have performed well. In other words, the market without competitive devaluation seems to be bearing the cost of currency war. In fact, the Shanghai Composite Index and the U.S. 10-year Treasury bond yield trend is basically the same. As the quantitative easing policy continues to depress the long-term yield of US Treasury bonds, China's stock market will continue to be under pressure
in addition, we note that calm stock market volatility masks price volatility in many exchange rate related assets, such as the yen, Japanese government bonds, oil and recently gold. The volatility of these assets will intensify and eventually spread to other asset classes. Historically, the volatility of gold prices has continued to rise, indicating that the trading of China's stock market will fluctuate significantly in the next few weeks. In August 2011, when the price of gold began to plummet from around us $1900, the volatility of global stock market trading soared, which is the most typical case. China's recent weak inflation data and trade data indicate weak domestic and overseas demand. Although the credit data exceeded expectations, some new credit was used to repay old debts and pay interest. The pressure of rising real estate prices will force the government to control credit growth in the coming months. Once the market starts to realize the fact that the economic recovery is weak, growth commodities and risky assets will face a more severe blow than the sharp fall of precious metals last Friday.