What impact does bitcoin have on China

1.

although bitcoin still has great risks, after years of development, with the increase of its application population, application scenarios and application technology, no country or organization can completely eliminate it. If you can figure it out, it is likely that countries will generally accept bitcoin and embrace it

according to my personal judgment, bitcoin, after a period of continuous development, is likely to become a world currency in the future, which can play the role of electronic gold and become the target of the value of other sovereign currencies. From this perspective, bitcoin can be used as a means of asset preservation in the future when inflation is inevitable

2. Bitcoin China, the first bitcoin trading platform in China, announced yesterday that it would stop all trading business from September 30 this year. In this regard, some financial people expect that some investors will not participate in the local sale before the platform closes at the end of the month. If such investors rush in from a high level in August, the losses will be very heavy
bitcoin China announced that in accordance with the spirit of the document "Notice of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the financing risk of token Issuance" issued on September 4, and adhering to the principle of preventing investment risk and protecting the interests of users to the maximum extent, bitcoin China team has carefully discussed, Three decisions were made: first, bitcoin China digital asset trading platform stopped new user registration from yesterday; Second, on September 30, 2017, the digital asset trading platform will stop all trading businesses. Third, bitcoin China's mining pool (national pool) and other businesses will not be affected by this and will continue to operate normally
affected by this news, bitcoin, lightcoin and Ethereum all fell sharply. By the time of Beijing Youth Daily, the price of bitcoin was 21600 yuan, with a 24-hour drop of 12.51%. During the day, bitcoin once fell below 20000 yuan, with the lowest price reaching 19597 yuan; Ethereum quoted 1472 yuan, down 14.56%; Lightcoin fell the most, offering 299 yuan, down more than 23%
bitcoin China, the first and largest bitcoin trading platform in China, is operated by Shanghai satuxi Network Co., Ltd., which was established on June 9, 2011. The team members are mainly from China, Silicon Valley and Europe
on March 12, 2014, bitcoin China officially launched the lightcoin transaction, with a total transaction volume of more than 30 million yuan
on September 30, 2017, bitcoin China stopped all trading business
the first time I bought bitcoin and the first time I bought Ethereum was in bitcoin China. The collapse of bitcoin China and other exchanges means that China has lost its pricing power in the field of virtual currency.

3. With the existence of Internet and blockchain, bitcoin will exist. It has existed for a long time, and people graally recognize and widely apply it to payment. Then, it can play a positive balancing role in world finance.

4.

To be honest with the Chinese, bitcoin's fall will not have a great impact on the whole. China has issued a request to the bitcoin exchange that all consumers clear their hands of bitcoin. On the whole, the impact is not great. The reason why bitcoin falls so hot is mostly because the sharp rise in the front is in sharp contrast to the current slump. What's more, at that time, everyone invested in this thing, and the topic was full{ RRRRR}

anyway, as melon eaters, we should eat melons. It's better not to touch it. It's better for those friends who lost money to stop loss in time. Don't be investment risk, two lines of tears of relatives

5. Bitcoin is the so-called "cryptocurrency", which is a digital asset in the form of data. Your money in the bank may also be a bunch of numbers, but these numbers are equivalent to real money. Bitcoin is not. In the world of bitcoin, there is neither a central bank to manage nor an inherent legal framework. Because of this, the value of bitcoin is entirely determined by the market, which is currently very hot
bitcoin is stored in a digital wallet. You can store it on your local hard disk or mobile phone, or in a variety of online bitcoin exchanges. Keeping bitcoin locally is like hiding money under a mattress. If something goes wrong with your digital wallet, your money will be gone
to remit or collect money, you need to point your bitcoin client or network exchange to a bitcoin address, which is the address of every wallet. After a few minutes, bitcoin will generally leave your wallet and enter the other person's wallet. There are few sites that accept bitcoin, but there are a few. It's more difficult to use bitcoin in real life, but it can be achieved through some systems
what is the impact of bitcoin on the economy
despite all kinds of problems, the soaring price of bitcoin is partly e to more and more people using it. Bitcoin fans believe in its future. Ordinary people are also graally interested in cryptocurrency, but because it is too complex, it is difficult to popularize in the mass market. If it is really popular, the fluctuation of bitcoin's value will lead to greater turbulence in the global economy
if you bought $1000 bitcoin in 2010, it's worth about $35 million now. But if you buy $1000 bitcoin in early 2014, you'll only have a quarter of your purchasing power a year later. How would you feel if you paid with bitcoin and found that you could only buy half of what you had a few days ago
this kind of inflation is unstable, but if it is used in parallel with the government supported currency, bitcoin does have some advantages. Few people will exchange all their assets for bitcoin.

6. The impact on China is small. However, this idea of bitcoin has attracted Guan fan's attention in the domestic Internet circle, and this idea is worth learning. China's central bank has defined bitcoin as a special Internet commodity. Financial institutions are not allowed to participate in and provide related services, denying its monetary attribute. However, people can buy and sell bitcoin freely at their own risk. This is also in line with China's consistent practice of prudence and pragmatism. If a new thing can work abroad, we will use it. If the experiment abroad fails, it will not exist in China. Because bitcoin may be used for money laundering, drug trading and other illegal activities, most of the major countries in the world take a cautious attitude towards bitcoin.

7. Decentralized exchanges still have a long way to go. It's too early to say who is the first. We can only say that excellent projects will stand out. However, judging from the current data, whaleex is indeed eye-catching

the average daily trading volume is 4.5 million EOS, which is 10 times of the total number of the second to the fifth EOS exchanges
the number of daily living EOS accounts is 4500 +, ranking the top five in DAPP of EOS ecology, which is four times of that of similar procts
the average daily call times of smart contract is 140000 +, ranking the first among many applications

judging from the above data, this emerging exchange is really optimistic. However, the development of the instry still needs everyone to go hand in hand. I hope it can continue to maintain this momentum and strive for the first place.

8.

Bitcoin today plummeted to less than $50000. It can be said that this thing is the myth of B circle. It rose very fast in just four months, from less than $20000 to more than $60000. it rose very fast in just more than four months, but it also fell very fast, from more than $60000 to $50000 in just a few days{ RRRRR}

now there is a new coin circle myth, that is, dogcoin. It is said that dogcoin has increased by 400% in the past year. Although it can't compare with bitcoin, it also has a large range. If you choose to buy it now, it may make you a lot of money, but it may also make you lose money, whether you want to buy it or not depends on your own opinions on it. It's risky