How volatile is digital currency
1. The factor of investment supply and demand is actually not independent, and investors' demand for digital currency is also affected by various news factors. However, from the price surge of last year, in the absence of obvious policy and other news, The admission of investors and investment institutions will also promote the price growth
2. Policy factors are also important factors affecting the price of digital red packets. In the past, the implementation and formulation of policies in South Korea, Japan, the United States and China have affected the price trend of bitcoin
3. The real financial factors and the instability of the real financial world make the demand for digital assets rise from time to time. For example, the Chinese government's policy adjustment, the brexit of the UK, the setback of the global stock market at the beginning of 2018 and other events all give play to the hedging characteristics of digital currency
4. Technical factors. Although the security of digital currency has been highly respected in its development, several technical crises still occurred in its development history. For example, bitfinex, the largest bitcoin dollar exchange, was attacked by hackers and stole 120000 bitcoin, and bitcoin fell by 25% in the following six trading days
5. Good news and bad news will affect the fluctuation of currency value
6. The market trend will be affected by the actions of the leading enterprises in this field, platforms, digital currencies with large market share, leaders with great influence in the market, etc
besides, choosing a good project can avoid risks to a certain extent. For example, HNB, the next generation of decentralized blockchain economy, is a reliable project. It relies on the real economy, and at the same time uses value exchange to continuously create endogenous value. It uses blockchain to build an economy, so that everyone can participate in it and get returns through labor, instead of relying on currency speculation.
People often hear such a dialogue: "why is this property selling so well?"“ Because it has a good location, A short conversation, however, clearly conveys such an important signal: the importance of location to the value of a house, as a famous person once said: the first factor determining the value of real estate is location, the second is location, and the third is location. When young people buy a house, they often consider the location convenient for commuting and children's going to school. When old people buy a house, they usually consider the location convenient for medical treatment, walking and morning exercise, and good environment
It is precisely because there are many factors to consider when buying a house and choosing a location, that people have so many entanglements when buying a house and choosing a location. So the question is, is it only the downtown area that is good First, is it true that only the downtown area is goodon this issue, Xiaobian can only say that it is really not certain. For example, take a place (Zhengzhou) as an example, the price of houses in Zhengdong New Area is much higher than that in High-tech Zone, and even the government's regulation on the house price in Zhengdong New Area can't see any effect
It's no exaggeration to say that even if one day the prices of houses in Zhengdong New Area are reced, many people still can't afford to buy houses in this area. Because the location determines that the houses in Zhengdong New District will not fall sharply, so the so-called "good location" does not only refer to the urban center, but also other areas In addition, Xiaobian also said a few words: Traditionally, people generally think that the more prosperous and closer to the urban area, the better. Because the advantages of urban center are obvious, such as social convenience, convenient life, and convenient for renting But don't forget, when you buy a house in this area, you should also see its disadvantages, such as heavy pollution, restlessness, high price, and not too much room for price increase in the short term. In fact, for home buyers, although the price of a house is not the only factor that affects whether they buy a house or not, it is almost the most critical factor, because if the price of a house is too high, the buyer may give up the plan to buy a house Second, does the house in the center of the city keep its value
"location determines the value of a house" is reasonable, but in fact, what kind of location is a good location? If there is a transfer of the urban center, can the former good area be said to be a good area
now many cities are planning the construction of new areas, and young people are generally not willing to live in the urban center of the old city, but prefer to go to the new area with better facilities and more modern buildings. In this context, the urban center of the future city is likely to be transferred
even if many cities are not transferred, they will become a multi center pattern. In this case, the land value of the original old urban center will certainly depreciate. Now, if you're spending a lot of money on a house in the middle of the city, it's not worth it
To sum up, the houses in the urban center may not be able to maintain their valueof course, good location generally means mature supporting facilities and convenient life. Even if people have different requirements for living experience, basic supporting facilities such as supermarkets and hospitals are equally necessary. Therefore, it is understandable that many people are eager to have a good location for their house. But if you want to find a good location just for financial management and pursuit of higher profits, you really need to study it carefully. After all, financial management is also risky
the replacement of paper money by digital currency can only be realized in the eastern coastal developed areas and some big cities, but it is unrealistic in some remote areas, and the infrastructure can not keep up
bitcoin, lightcoin and decent are known as global circulation, but in fact, the scope of circulation is very limited.
Digital currency is a double-edged sword. On the one hand, the blockchain technology it relies on has been decentralized and can be used in other fields besides digital currency , which is one of the reasons why bitcoin is popular; On the other hand, if digital currency is widely used by the public as a kind of currency, it will have a huge impact on the effectiveness of monetary policy, financial infrastructure, financial market, financial stability and so on. Specific Wu Xiaoxia:
1. Impact on monetary policy
if digital currency is widely accepted and can play the role of currency, it will weaken the effectiveness of monetary policy and bring difficulties to policy-making
because digital currency issuers are usually unregulated third parties, money is created outside the banking system, and the amount of circulation depends entirely on the wishes of the issuers, which will lead to the instability of money supply. In addition, the authorities are unable to monitor the issuance and circulation of digital currency, which will lead to the inability to accurately judge the economic operation and bring trouble to policy-making, At the same time, it will weaken the effectiveness of policy transmission and implementation
2. Impact on financial infrastructure. The use of distributed ledgers also poses challenges to trading, clearing and settlement, as it promotes the disintermediation of traditional service providers in different markets and infrastructures. These changes may have potential impacts on market infrastructure other than retail payment systems, such as large payment systems, securities settlement systems or trading databases
3. The impact on financial intermediation and financial market in a broad sense. As a financial intermediary, banks perform the ties of acting supervisors and supervise borrowers on behalf of depositors
generally, banks also carry out liquidity and maturity conversion business to realize the financing from depositors to borrowers. If digital currency and distributed ledger are widely used, any subsequent disintermediation may have an impact on savings or credit evaluation mechanisms
4. The impact of security risks and financial stability
assuming that digital currency is recognized by the public, its use increases significantly and replaces legal currency to a certain extent, negative events such as network attacks on user terminals related to digital currency will lead to currency fluctuations, which will have an impact on the financial order and the real economy
in addition, the virtual currency based on blockchain technology is usually held by a few people at the beginning. For example, the first purchase of bitcoin in May 2010 was $25 pizza purchased by 10000 BTC, and the price of each bitcoin rose to $1200 in more than three years by the end of 2013
{rrrrrrr}
extended materials
Amazon will launch digital currency project in Mexico. Amazon is recruiting software development managers for digital and emerging payments (DEP) to develop new payment procts that will enable customers to convert cash into digital currency
the digital and emerging payments sector intends to launch the proct in Mexico first. The follow-up will be extended to Brazil and India. It is reported that the digital currency project will completely focus on payment services in emerging markets