How does digital currency collapse

1. Because the price of bitcoin has plummeted in recent days, resulting in the capital damage of many investors, and the whole digital money market is full of grief
according to coinsmart, the highest price of BTC this month is $6533.4, while the current price is $4480.87, which once fell to $4100, a new low of this year, with a decrease of about 30%. The market value of bitcoin once evaporated by nearly one third, with a current market value of $548.1 billion
the overall market has fallen so miserably that some of the investors directly involved have lost tens of millions in this market
affected by bitcoin, the mining machine market also suffered. At present, the current price of bitcoin is lower than or close to the mining cost price in many areas, which means that the profit will be greatly reced or even the cost will be lost. Due to the unbearable losses, many players resell "mining equipment", and withdraw from the coin circle. At the same time, e to the currency decline, the income from "mining" can not make up for the hard expenses such as electricity charges, so that some loss making mining machines can only be cleared.

2. The mainstream digital currency can be used as a unit for transaction, but the digital currency will not! Air money is hard to say! The answer is not easy, please adopt it!

3. When it comes to digital currency, bitcoin should be well-known. Bitcoin is a kind of virtual digital currency, its value is very high, market liquidity and facing the problem of economic expansion can also better solve the problem
as for the crash, that's not what you need to think about now
a very important point in investing in bitcoin is that you must choose a good platform. After all, the platform is very important. If you are playing a contract, you can go to the Canadian currency station to have a look, support multi currency transactions, and senior analysts can take you.

4. Digital currency is an alternative currency in the form of electronic currency. Digital currency can truly use real-life shopping and consumption. Its representative currencies are bitcoin, Leyte coin, etc.
for example, those in China are basically money circling. Or those with immature technology are eliminated

5. Personally, I don't think so, because I believe I can get the number of my account.

6. If you want to make profits, people will directly ask for your principal. There are more than n such platforms. Once you go in, no one will listen to you.

7. It is wrong to say that China's digital currency comes from the people, because it comes from the present. Science.

8. Crash is inevitable, it is not any securities, no one does it endorsement credit certificate, nothing, if it is really so valuable, it will not fall around to cheat.

9.

The sudden drop is e to various reasons. The first is the policy supervision problem

According to Yingwei financial news, several online reports attributed the decline to market speculation that the US Treasury Department may crack down on money laundering through digital assets. It is understood that US Federal Reserve Chairman Powell recently publicly said that he does not support virtual currencies, and he believes that they are not really actively used for payment

in addition, European Central Bank President Lagarde in January this year aimed at the role of bitcoin in promoting criminal activities, saying that the cryptocurrency has been promoting "interesting business"; The Central Bank of Turkey has issued "Regulations on the prohibition of encrypted assets in payment", announcing that payment with cryptocurrency will be prohibited from April 30. The government also pointed out that cryptocurrency wallets are easy to be stolen, and irreversible transactions are also worrying

in March 2020, the Supreme Court of India rejected the Central Bank of India's 2018 policy of prohibiting banks from participating in cryptocurrency related transactions. This news led to the influx of Indian investors into the cryptocurrency market, but then, the Central Bank of India once again expressed concern about cryptocurrency, and some officials disclosed that India will propose a new bill to ban all cryptocurrencies...

policy regulation has always been the most serious problem facing cryptocurrency, and in addition to that, The CEO of coinbase just mentioned above cashed out 290 million US dollars by selling the company's shares, and the accumulated internal cash out exceeded 4.6 billion US dollars; Alexia Haas, chief financial officer of coinbase, cashed out about $99.32 million at $388.73. All of these actions have caused instry panic

extended information:

there are many advantages. Cryptocurrency is in a bull market recently

in the last two months, cryptocurrency Market has seen a collective rise and prosperity. Take bitcoin as an example. Since it broke through the $50000 mark again in early March, the price of bitcoin has been steadily higher than that level. Bulls even pushed the price up to an all-time high of nearly $65000. Behind this, it is the news that PayPal has entered the field of cryptocurrency, and more importantly, it is the attention of traditional capital

In February this year, JPMorgan Chase, the largest financial services institution in the United States, will launch JPM coin, an encrypted digital currency, to settle payment transactions between customers in real time; Big banks, including Goldman Sachs and Citigroup, are also expanding their services to cryptocurrency

10. If the effective diameter of the mill is 3.05 and the length of a 3.2m mill bin is 3.6m, the filling rate needs to be increased: T = 3.53 * 3.05 * 3.05 * 3.6 * 0.01 = 1.18t