Collapse of digital currency
in fact, this does not mean much to us. After all, we have never experienced "sudden wealth". How can we talk about "bankruptcy"
bitcoin can be regarded as an imperial presence in virtual currency, and the price of each one is amazing
after bitcoin plummeted some time ago, I saw a very interesting passage:
a friend in the coin circle was still talking about buying a house in the second ring of the imperial capital last year. When I met him today, he said to me: Hello, this is your take out
people who once relied on bitcoin and were worth billions of dollars have fallen to this point in just a few days. How can we not let people sigh
12% in a day, 42% in a month, 77% in a year, and 1.6 trillion in evaporation, no less than the magnitude 10 earthquake
bitcoin, which has doubled 25 million times in the past eight years, has now become a boundless hell struggling to survive
at the end of 2017, the high price of US $20000 was amazing,
10 bitcoins can buy a Mercedes Benz S500,
100 bitcoins can buy a three bedroom apartment in Shenzhen. It doesn't look like much, does it
but in 2009, one dollar could buy 1309 bitcoins. Do you think you missed dozens of billions
however, as we approach the end of the year, bitcoin has become a sad and helpless topic
at the beginning of bitcoin's decline, most people scrambled to get the bottom, but did not think that it was like jumping into an endless abyss, the bottom was broken again and again, and it was just between your thoughts that you lost everything
for the sadness of currency speculation, those who don't will regret it even more
in the past 11 years, I knew that someone had asked for 6800 financial procts on hand
but in the end, instead of buying bitcoin, she spent it traveling
if you buy it, it will be worth about 100 million at the end of 17! Even if it's 4000 dollars, there's 20 million
it turns out that most of the time, we just miss hundreds of millions of properties, but we don't know it
if we want to make money, the stock market and real estate market are all weak, where can we compare with the bitcoin market
of course, some people have studied that every sharp fall of bitcoin will predict the next sharp rise:
in November 2011, US $30 fell to US $2, a 93% drop
in December 2013, it dropped from $1166 to $170, a drop of 85%
since 2017, it has fallen below $4000, a 77% decline
it means that every fall will be followed by a more violent rise
however, many people will suffer from Stockholm syndrome after being locked up. The more they are locked up, the more convinced they are of the scarcity of bitcoin, and then they will surely usher in a ten thousand times soaring future
after all, most of the time, people who rely on bitcoin to make a fortune are not willing to believe that they will lose money
stock god Warren Buffett once warned us: bitcoin is a mirage, a way to transfer funds, and the quadratic power of rat poison. Cryptocurrency has no bottom. What you can do is to stay as far away as possible
we don't know whether bitcoin will continue to fall or soar overnight in the near future. All we can do is wait and see
admission? It depends on your own choice. After all, every financial management has its own risks
be cautious when entering the market. This sentence is not only applicable to the stock market, but also to the bitcoin circle
but as the saying goes: if you are brave enough, if you are hungry enough, you can decide for yourself! Mi Xiaoli, a new way of life.
in addition to being depressed by profit taking, worries about the order processing capacity of Ethereum also contributed to the sharp drop in the price of this digital currency. Last week, the price of Ethernet currency once "collapsed", falling from more than $300 to 10 cents in a few minutes because of the network congestion caused by too many orders.
as the third largest bitcoin trading platform in the world in terms of trading volume, bitcoin China is the first of the three major bitcoin trading platforms in China to announce the cessation of trading business on the evening of September 13, China Internet Finance Association issued a risk warning, pointing out that bitcoin and other so-called "virtual currencies" lack a clear value basis, there is a strong speculative atmosphere in the market, the price fluctuates violently, investors blindly follow the trend of speculation, which is easy to cause capital losses, and investors need to strengthen their risk prevention awareness as soon as the ban came out, all localities responded. The Beijing rectification office under the Beijing Municipal Bureau of financial affairs immediately issued a document to coordinate with the clean-up and rectification of the ICO platform and immediately stop all kinds of ICO token issuance and promotion activities
the people's Bank of China has been studying legal digital currency since 2014. According to the relevant person in charge of the digital currency Research Institute of the people's Bank of China, at present, the research and development of digital RMB is steadily advancing. Under the premise of adhering to double-layer operation, currency (M0) substitution in circulation and controllable anonymity, the digital RMB system has basically completed the top-level design, standard formulation, function research and development, joint debugging and testing, etc., and followed the principles of steady, safe, controllable, innovative and stable development The principle of practicality
the relevant person in charge of the digital currency Research Institute of the people's Bank of China stressed that the current online transmission of DC / EP information is the test content in the process of technology research and development, which does not mean the official launch of digital RMB. The current closed test of digital RMB will not affect the commercial operation of listed companies, nor will it affect the RMB issuance and circulation system, financial market and social economy outside the test environment< In short, the digital currency of the people's Bank of China is the electronic version of RMB
when it comes to digital currency, your first reaction may be bitcoin or Libra, which Facebook plans to launch< However, unlike these so-called digital currencies, the digital currency to be launched by the Central Bank of China has national credit endorsement, which can be said to be the electronic version of RMB. Therefore, the digital currency of the central bank has the nature of legal compensation
more importantly, with the endorsement of the state, the value of the central bank's digital currency will be more stable. Bitcoin and other so-called virtual currencies can not guarantee the stability of currency value, so it is common to be "cut leeks"
from the perspective of usage scenarios, the central bank's digital currency does not pay interest, and can be used in small, retail and high-frequency business scenarios, which is no different from paper money. At the same time, the use should comply with all the existing regulations on cash management, anti money laundering and anti-terrorism financing.
without this calculation, the whole system is not secure, so these seemingly meaningless calculations are to ensure everyone's security
the reason for the collapse of digital currency is that the valuation is too high and the rise is too large. Digital currency itself does not proce any profit. The rise is basically speculation, which is easy to cause panic selling and collapse with the continuous development of economy at any time, science and technology has brought us a lot of changes, and these emerging instries have attracted many people's attention. If we grasp the opportunities, the emerging instries are completely likely to change our destiny. The main reason for the collapse of digital currency is that the rise of digital currency is too large. Digital currency itself does not proce any profit. A thing that does not proce any profit will rise tens of times or tens of thousands of times. This is completely speculation. Anything that goes up is a risk. At this time, a little panic will lead to selling. This is also the reason for the collapse of digital currency
I think it's normal for digital currency to collapse, because a commodity has a huge short-term rise, and the commodity can't generate profits. The key is that digital currency has no reference, and the rise has no fundamental support. It will certainly collapse in case of panic. I think it's very normal. This is speculation, and speculation will certainly have risks, It's just as expected