Market trend of digital cryptocurrency

1.

Digital cryptocurrency is a kind of currency that is not issued by legal tender institutions and controlled by the central bank. It is based on the open source code of a group of equations calculated by computers all over the world, and is generated by a large number of calculation processing of computer graphics card and CPU. It uses the design of cryptography to ensure the security of all aspects of currency circulation

development materials:

1. definition of digital currency:

   digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English and the alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy< br />

   

2. Cryptocurrency is not issued by legal tender institutions and is not controlled by the central bank.

3. Since the issue price of bitcoin was 0.008 cents in 2009, the highest price of bitcoin has risen to 1280 US dollars (equivalent to more than 8000 RMB). Now the price has been maintained at 2000-3000 RMB. Because the mining time has been very long, and now the price has been in a declining stage, so bitcoin is no longer a first chance. Khan is the successor of bitcoin The third generation of digital cryptocurrency, the current Khan currency, is equivalent to the bitcoin of 2009. Its price is very low, and it has only entered China for nearly two months

4. ? Never let you go (2001) ? Yuelongmen (2003) ? Six women pawnshop (2005)

5.

The collapse of cryptocurrency market, some experts said frankly, from the reality, including bitcoin virtual currency in the financial settlement system of various countries, does not have the function of currency trading< virtual currency has the attribute of financial derivatives, its price trend is also affected by many factors , sudden regulatory trends, news and public opinion and major technological changes, etc. may make its trading price fluctuate significantly

In addition to the above reasons, another reason is the excessive concentration of virtual currency holders. Virtual currency trading is mainly carried out through the third party, namely the virtual currency exchange, and the trading platform becomes the largest holder, which also makes it possible for the makers to form a group and control the currency trading price

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extended information

the rapid decline of bitcoin has caused heavy losses to investors:

"mining" is hot and profitable, but the risk is also huge. Any market fluctuation will cause violent turbulence. In the past weekend, there was a wave of "crash", cryptocurrency collective flash

as of the noon of April 18, according to the 24-hour rise and fall, bitcoin has plummeted by 17%, Ethereum has plummeted by 20%, coin an has plummeted by 17%, reborn has plummeted by 26%, doggy has plummeted by 19%, Leyte has plummeted by 28%, BoChang has plummeted by 25%, and grapefruit has plummeted by 29%. In particular, the rapid decline of bitcoin has caused heavy losses to investors, reaching 4.4 billion US dollars in one hour

6.

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 law

this 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)

7. Different digital currencies have different development trends. Digital currencies without application scenarios will die slowly. And those currencies with application scenarios and market depth will graally become popular. For example, bitcoin is the best example. Recently, bitcoin's price has skyrocketed. Of course, although there are few innovations in the European crowdfunding platform, there are application scenarios, supported by physical assets, and exist as an asset voucher.

8. 1.
according to the policies of various countries, a good policy will immediately pull the market of cryptocurrency<
2.
market demand, the rise and fall of cryptocurrency has a great relationship with market demand, so the price naturally goes up<
3.
generally, a banker has a lot of cryptocurrency or capital in his hand, which can affect the rise and fall of the market to a certain extent<
4.
cryptocurrency trading platform "currency exchange".