CNBC digital currency
according to the data of coindesk digital currency trading platform, the price of bitcoin once fell below US $6000 in 18 years, which has dropped by 70% compared with the highest value of US $20000 in 2017
"the price movements we are seeing now may seem drastic, but they are quite normal for this market." Etiro's senior market analyst, MATI Greenspan, wrote in an email to CNBC
with the decline of bitcoin, most digital currencies are affected, and other digital currencies are not much better. Most digital currencies are down by more than 10%. But in the long run, the future of digital currency is worth looking forward to.
it is this scarcity that makes the price of bitcoin soar all the way in the near future. However, there are different voices about the future development trend of bitcoin and whether it is worth investing
[bitcoin investment is the most risky investment you can make at present]
bitcoin.com is one of the largest bitcoin websites in the world. Due to the soaring price of bitcoin, the website has achieved great development this year. But Emil Oldenburg, its co-founder and chief technology officer, is skeptical about the future of bitcoin
in an interview with breakit, a Swedish technology website, he said: "I would like to say that bitcoin investment is the most risky investment you can make at present. There are extremely high risks in it." "In fact, I recently sold all of my bitcoin in exchange for bitcoin cash," he said Bitcoin cash, a derivative separated from bitcoin in August this year, has recently overtaken Ethernet as the world's second largest cryptocurrency“ When people figure out how bitcoin works, they start selling bitcoin. " Oldenburg once again stressed doubts about the future of the bitcoin“ He doesn't believe that bitcoin will become the kind of everyday currency that the world has always wanted
[if people invest in bitcoin, they are ready to "lose all their money"]
on December 19, according to foreign media reports, the head of a major British financial regulatory agency warned that if people invest in bitcoin, they are ready to "lose all their money". It also shows the opposition of the British financial regulator to the bitcoin. Andrew Bailey, director of the financial market conct authority, told the BBC that neither the central bank nor the government supports "money", so it is not a safe investment
buying bitcoin is similar to gambling and has the same level of risk, he said. "It's not a currency, it's not actually managed in the form of bitcoin," Bailey told Newsnight“ In terms of pricing, it's a very volatile commodity. If you look at what happened this year, I would remind people that we know very little about the price of the bitcoin. This is a strange commodity because the stock is fixed. If you want to invest in bitcoin, you should be prepared to lose money, which will be my serious warning. "
[next year we will see central banks start to hold digital currencies for the first time]
Peter Smith, founder and CEO of blockchain, a cryptocurrency wallet, said that it is expected that central banks around the world will start to hold digital currencies as reserve assets next year, and some central banks may start to issue their own "digital assets"
in an interview with CNBC, Smith said: "I think next year we will see, for the first time, central banks starting to hold digital currencies as part of their balance sheets." Mr Smith said central banks would be likely to buy bitcoin and Ethernet as reserve assets. Central banks now hold gold and foreign exchange reserves to allow them to act in the event of any market shock. The appreciation of bitcoin as an asset may mean that some monetary authorities will have to start holding the digital currency. "Bitcoin is already one of the top 30 currencies in supply, and as prices rise, this trend and the pressure to hold digital currencies as reserve assets will only rise," Smith said This view shows its optimistic attitude towards bitcoin and other digital currencies
as for whether bitcoin is worth investing, we can only say that every investor has his own vision and judgment.
The origin of Wall Street in the United States is that the Dutch built a section of wooden wall, which was later demolished and became Wall Street
at first, New York was a Dutch colony, a settlement of Dutch immigrants, which was called New Amsterdam at that time
In 1640, small plots of land in the New Amsterdam colony were separated by pickets and fences. In order to effectively control the slaves from Africa, Peter steiversant, a representative of the Dutch West India Company, led the immigrant groups from the Netherlands to build stronger fences. The fence was strengthened into a 3.65-meter (12 foot) high wall of mud and wood Since then, in order to resist the Indian tribes, the New England colonists and the British, the wooden wall has been graally expanded and strengthened. In 1664, New Amsterdam was captured by the British, and the city was transferred from the Dutch to the British. In 1685, surveyors marked a road along the original fence, wall street In 1699, the British demolished the wall. The name of Wall Street has been preserved{rrrrrrr}
extended materials
the cultural influence of Wall Street
1, essence
compared with commercial street, Wall Street usually refers to the companies whose commercial influence is greater than that of small and medium-sized enterprises and middle class, and sometimes it is especially used to represent analysts, shareholders, and financial institutions such as investment banks. Wall Street is generally regarded as the pronoun of "American enterprises" which are private and attach importance to their own interests. Sometimes Wall Street distinguishes investment banks and fortune 500 companies from small businesses in terms of influence, culture and lifestyle
2. Views
Wall Street is more representative of financial and economic forces than anything else. For Americans, sometimes Wall Street is equivalent to elitism, power politics and cut throat capitalism, but at the same time, Wall Street also arouses Americans' pride in market economy. In the eyes of Americans, Wall Street is a symbol of a country and economic system that grew up relying on trade, capitalism and innovation, rather than colonialism and plunder
3. Literature
Herman Melville's short story Bartleby the clerk, whose subtitle is a story of Wall Street, has an excellent description of a kind and rich lawyer
In William Faulkner's voice and anger, Jason Compson blames Jews for the poor performance of his stocks, highlighting the public's view of Wall Street
bus line: No.52 → Metro Line 2, the whole journey is about 34.3km
1. Walk about 50m from Chongcun to Chongcun station
2. Take No.52, pass 6 stops, and reach Jingu Road Station
3. Walk about 310m to Jingu Road Station
4. Take Metro Line 2, pass 21 stops, Arrive at Suzhou railway station
5. Walk about 120 meters to Suzhou railway station
unless it's broken
1. Wash regularly
2. Strangle with thin thread.
Since the advent of bitcoin, it is very likely that no quarter has performed as badly as the first quarter of this year
according to the website coinmarketcap, which tracks the price and market value of several digital currency exchanges, the trading price of bitcoin has dropped from above $14000 on January 1 to less than $6900 as of the time of issue, with a decline of more than 50%, and the market value has dropped from nearly $239 billion to about $115.5 billion
In fact, bitcoin is only the epitome of the overall performance of digital currency. After the closing of the last trading day of U.S. stocks in this quarter, an article on Wall Street on the morning of the 30th mentioned that the performance of digital currency in the first quarter was the worst in history, and bitcoin fell below the 200 day moving averagejust at 6 a.m. Beijing time on the 30th, bitcoin also fell below the $7000 level. When it fell below $7500 on the evening of the 29th, Wall Street mentioned that some analysts pointed out that bitcoin was close to the "death cross", that is, the 50 day moving average was close to lower than the 200 day moving average. From a technical point of view, this often means that the asset will go down further
in addition, negative factors such as regulation also put pressure on bitcoin and other digital currencies. For example, when bitcoin fell below $8000 two weeks ago, Wall Street heard that the media said that the US Securities Regulatory Commission issued subpoenas and concted investigations on digital currency hedge funds, and Google announced the ban on ICO and other digital currency advertisements
Coincidentally, in the early morning of the 30th, it was also reported that LinkedIn, a professional social network, will start to ban digital currency advertisements such as ICOhowever, from a technical point of view, some people say that the situation of bitcoin is not so bad
Brian Kelly, a trader atfast money, believes that if the support line can continue to play a supporting role, the upward trend since last August has not actually changed
Forbes columnist Frank Holmes said that, just like the financial assets such as the U.S. stock market, bitcoin is bound to have a strong recovery after a big drop
Japan, South Korea, India and other countries support bitcoin because they are optimistic about digital currency and blockchain technology itself. However, speculators inflate the price of bitcoin, making it more risky
according to a survey of Huo coin.com, 80.77% of bitcoin trading investors are in order to achieve short-term profits. They keep buying and selling along with the fluctuation of the price of bitcoin to earn the difference
Sheba Jafari, head of technology strategy at Goldman Sachs Group, recently released a chart Research Report, in which he predicted the trend of the price of the special currency in the next week. In the report, he pointed out that the digital currency is in a & quot; Impulsive & quot; Rising trend & quot; The fifth wave & quot; In the medium term, it is expected to further rise to as high as US $4827 in the short term
however, & quot; Once the complete five wave sequence is in place, theoretically speaking, the market will enter the correction stage& quot; In the world of digital currencies, it is not uncommon for prices to fluctuate by hundreds of dollars. Bitcoin hit a record high of $3025 in mid June, but fell by more than $1000 in the following month. It has risen again and reached a new high in the past two weeks. Analysts said that the reason why bitcoin prices ushered in this upward trend is that investors are optimistic about its prospects
is better
bitcoin is a virtual encrypted digital currency in the form of P2P
1. Issuer:
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacturing of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy and sell bitcoin Bitcoin is sold or received, and the user's identity information cannot be recognized by foreigners ring the transaction. Bitcoin can be used to cash, which can be converted into the currency of most countries. There are also regulatory black holes. Bitcoin and other virtual currencies may have money laundering, crime and other behaviors. From the initial value of less than 1 cent to now $56000, the price promotion mode of bitcoin seems irrational. Its roller coaster trend and market is even known as & lt; Professional leek harvester;. It is reported that in the development of bitcoin, at least three times it has plummeted by more than 80%. In the market mood of ups and downs, because bitcoin has no virtual nature of physical endorsement, there were many views that bitcoin was a big fraud at first
The concept of
bitcoin was first proposed by Nakamoto on November 1, 2008, but the real identity of Nakamoto is not known at present. Wang Xing, CEO of meituan, said at the dinner party, "I'm not sure if it's going to work; In theory, Nakamoto is the richest man in the world& rdquo; On February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin exceeded $1 trillion, surpassing two Maotai.. On February 22, 2021, the price of bitcoin exceeded $58000 per coin
it is understood that the collapse of cryptocurrency was affected by the news that the US Treasury Department accused a number of financial institutions of using cryptocurrency to launder money
why can we use cryptocurrency to launder money
First of all, cryptocurrency is a financial instrument in the market. It is also important to measure that a financial instrument only represents value rather than intrinsic value itself - stocks, bonds, futures, currencies, etc. are only numbers in large-scale computers, if they do not have fundamental value with specific real assets in lawthis means that the market price of financial instruments can only be obtained in two ways:
the first is to reflect the growth of the intrinsic value of relevant assets through the market, or through the situation that there is no change in the real world, but through the fact that market participants are buying because others are buying
the second case is known as the market bubble, which has existed since the famous tulip fever in Holland in seventeenth Century and the huge Internet market hype in early twentieth Century. Every market bubble has the same trend: the market has become so electrified that everyone seems to have forgotten the true value of assets represented by financial instruments. RRRRR}
in other words, people buy bitcoin because they intend to make a lot of money quickly , not because they see any intrinsic utility in bitcoin, nor because they intend to invest in bitcoin for a long time (reading years, not months)
in recent years, the price of digital currency has been soaring, which has doubled the value of many previously unknown people. However, Warren Buffett has not invested in this aspect, and he continues to mention that he is not optimistic about special currency
in an interview with CNBC in January 2018, Buffett said that cryptocurrency is a decent business, but what is happening will eventually become a bad ending that everyone can see. In a recent interview, Buffett said that buying cryptocurrency is not an investment, but a speculation. "There's nothing wrong with that. If you want to gamble, someone will come tomorrow and be willing to pay more. This is a kind of gambling. It's not an investment. "
we should be both fantastic and down-to-earth,