Will digital currency be globalized
The globalization process of digital currency is still progressing steadily. All countries are trying to develop their own blockchain applications and have great expectations for the innovation brought by new technologies. However, ordinary people do not seem to be very interested in these technologies. They prefer to get benefits from blockchain technologies, so more people still learn blockchain because of currency speculation, The threshold to enter the blockchain instry itself is very high. Basically, in the early stage, it was the technology God that entered. Later, some financial practitioners with foresight entered the instry through the currency circle, and then the capital market led by 3M poured into bitcoin and Leyte, which gave birth to the whole bull market of digital currency, Then we knew everything about it, which triggered a new crowd financing, which gave rise to the bubble and then returned to the present value. p>
the result of this round of market is to let the people of the world realize what blockchain is and what blockchain can change. Some scholars and experts really participate in the blockchain instry, drive the whole economic system to study blockchain technology, and directly establish the blockchain instry as the general trend in the next 5-10 years. It seems that ordinary investors can only invest in digital currency, which makes it easier for them to overtake on the curve of wealth. Therefore, if we love the coin circle, we should cultivate it deeply, because the existence of the coin circle has become a trend, and it is a sunrise instry at least. On the contrary, if you are curious about blockchain technology, you should also practice it well. In the future, central enterprises, state-owned enterprises and listed companies will need talents who understand blockchain. It's better to understand the code together. In any case, it will be easier to make money in the tide of trend. Choice is more important than struggle
market analysis
bitcoin:
6600 did not break down effectively yesterday. Your breakthrough selling point in yesterday's hour chart is a good application. Look at the chart:
< img Src=“ https://iknow-pic.cdn.bcebos.com/a2cc7cd98d1001e9c8925f8cb40e7bec55e79783 "/ >from the day before yesterday, Bitcoin continues to gain support in the important position of 6600. As you can see, the trading volume that touched 6600 before was relatively large. Yesterday's small trading volume falling below 6600 platform support is not an effective breakthrough, and it does not constitute the large volume falling below. Therefore, it is a false breakthrough, so it was pulled back soon after falling below 6600. From the trading volume of the big Yang line, Similarly, it is not big, which indicates that bulls only hold the key point for a short time and have no ability to reverse the trend
bitcoin has come out of a small bottom. Yesterday, it was said that if 6600 stands, bitcoin will have a concussive rebound at this position. However, it is expected that the rebound will be limited, just extending the time of decline. Therefore, the market has stabilized 6600 for three consecutive days and established a small bottom of 6600
judging from today's rebound trading volume, it is still insufficient, so the short-term rebound range will not be too large. The strong pressure level above is around 7700, and the energy of bulls in this round is limited, so 7700 is regarded as the rebound limit for the time being, and the big downward trend still remains unchanged, There are local opportunities in the short term. The position should still be below 30%
eth:
like the daily line, bitcoin has almost established a small bottom, which will be accompanied by a certain rebound, but the overall situation will not be very strong, so it is still a linked market. The specific analysis method has been given to you yesterday, using the K-line of various currencies and bitcoin to make a comparison, and then select those currencies that are willing to operate, and find out the currencies that are likely to rise, Only the large market value currency is valid for the K line of usdt
ADA, xvg:
yesterday, I compared the two charts with the trend of bitcoin, and gave the conclusion that the main force of xvg is willing to control the price of bitcoin in the short term, so the independent market of xvg rose continuously yesterday and today. This is a good case of converting the chart into language through the technical analysis of disk. If you can draw such a conclusion through the comparison, I believe the probability of making money will increase greatly. The same is true of ADA. If we compare it with March 18, bitcoin has fallen far below the low point of 3.18, while ADA is still hovering and stabilizing at 3.18, which is also a signal for the main force to enter. However, by comparing with xvg, we can draw the conclusion that ADA is long-term and xvg is short-term hot money behavior. If someone ambushes xvg after reading the article yesterday, they can hold the money along the 5-day line for the time being. The coordination of quantity and price is not bad, and the washing up is quite sufficient. They have the will to continue to rush up
LTC:
take out the diagram and compare it with BTC to understand why linkage has been mentioned all the time. Let's not talk about it. It's still two words: linkage
in the past two days, the price of currency has not been speculated, and some teams have begun to do the same trick again, forking out candy. No, OMG and BTG are clamoring to fork out and give forked currency. However, it is difficult for these news to stimulate the price of currency again. After all, what they split out is not a star project, so it is difficult for people to have the desire to buy currency for candy. So this kind of message can be evaluated as neutral
recently, some currencies cooperating with large companies have gone well. If you want to speculate, you can think along this main line. If you want to find relevant information and do some latent work, you may have good short-term opportunities
there are not many other things to talk about. The money making effect is still not strong. mining and hoarding money are the main factors. Generally speaking, the trend of money price is weak. The bear market makes money, and the bull market makes money. Digging money is more suitable for the current market than frying money. Now we know that the decline of money price leads to the decline of mining machinery. Once the money price recovers, the mining machinery will rise in a positive proportion, so we can rest assured to invest in digging money. After all, if the currency price exceeds 7700, don't keep catching up. It's easy to lose more than gain
the Central Bank of China held a seminar on digital currency at the beginning of this year, and the issue of digital currency by the central bank has been put on the agenda. Some international banking giants and technology companies are also developing digital currency, and the Bank of England also plans to issue digital currency. All this means that digital currency is getting closer to our real life. However, the digital currency issued by the government may be in circulation in the future, but bitcoin, Ruitai currency and vitality currency can only exist as an asset class.
Digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form
in recent years, the excessive issuance of banknotes has led to the aggravation of inflation, the frequent security crisis of third-party payment, and the graal maturity of blockchain technology, so decentralized digital currencies such as bitcoin, Ethereum and reborn have emerged. Digital currency has the advantages of low transaction cost, fast transaction speed, high anonymity and fixed amount of money
At the same time, the use scenarios of digital currency become more and more abundant, which makes the user acceptance grow. At present, the use of digital currency has covered all kinds of scenes, such as shopping consumption, wage payment, transportation, travel, takeout settlement and tuition payment. The expanding landing scene has also brought a wider range of consumers. In general, although the number of users of digital currency still accounts for a small proportion of the total population, the number of users is growing. At present, the utilization rate of digital currency has exceeded 10% in 10 countries around the world In June 2019, Facebook launched Libra virtual cryptocurrency, which has caused worldwide influence. The emergence of Libra may form a global super sovereign currency, thus affecting the traditional transaction settlement currency. For China, the emergence of Libra, on the one hand, will have an impact on China's traditional currency and threaten the sovereign status of China's currency; On the other hand, because RMB is not included in Libra's basket of currencies, it will rece the reserve demand of RMB by central banks, thus hindering the internationalization of RMB. In response to this threat, CCTV timely launched the central bank digital currency. In September 2019, according to China Daily, the central bank's digital currency closed-loop test has begun, and the central bank's digital currency is about to come outcoincidentally, in addition to China, central banks around the world have also announced that they will launch a centralized digital currency based on national credit. In 2015, Ecuador took the lead in launching the national version of digital currency, which can not only rece the issuance cost and increase the convenience, but also enable people in remote areas who cannot have banking resources to obtain financial services through the digital platform. At present, Canada, Brazil, Norway, the United Kingdom and other countries are studying the central bank legal digital currency, while the Bahamas, Sweden, Russia and other countries are discussing the possibility of digital currency issuance. Generally speaking, the developing countries which have received a great impact on digital currency have supported legal digital currency for financial inclusion, breaking through sanctions and other reasons
for the above data and analysis, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute . Meanwhile, foresight Instry Research Institute also provides instrial big data, instrial planning, instrial declaration, instrial park planning, instrial investment promotion and other solutions
China: actively and steadily promote the implementation of the research on the central bank's digital currency
as early as 2014, the central bank set up a special research group on the issue of legal digital currency to demonstrate the feasibility of the central bank's issue of legal digital currency< On October 28, 2019, Huang Qifan, vice president of China Center for international economic exchange, said: "the people's Bank of China has studied DC / EP for five or six years, and I think it has become mature. The people's Bank of China is likely to be the first central bank in the world to launch a digital currency. "
on November 28, fan Yifei, vice governor of the people's Bank of China, said at the forum that at present, the central bank's legal digital currency DC / EP has basically completed the top-level design, standard formulation, function research and development, joint debugging and testing under the premise of adhering to double-layer delivery, M0 substitution and controllable anonymity. In the next step, we will follow the principle of steady, safe and controllable, reasonably select the pilot verification area, scene and service scope, continuously optimize and enrich the DC / EP functions, and steadily promote the introction and application of digital legal tender< European Central Bank: exploring the form and possibility of CBDC. 'we are analyzing what form CBDC may take in order to achieve its potential purpose and mitigate its potential negative impact on monetary stability and financial intermediation,' Mr. kindos said. On the stable coin, Mr jindos said that it was very uncertain whether the stable coin could deliver on its promise, and it was clear that it could bring risks to consumers and the financial system. So it is understandable that authorities around the world are calling for regulatory stability.
Digital currency has been issued in some cities in China, but it will take some years for it to be popularized{ RRRRR}
3. It takes a while for digital currency to be popularized in an all-round waydigital currency is to turn paper money into a number that people can see on the Internet, which is more convenient for people to operate as long as we use the mobile phone in our daily life, we can complete a series of commodity transactions without using the Internet. At that time, it will be the real realization of a mobile phone that can travel all over the world
as for the regionalization and internationalization of RMB, we can graally seek monetary cooperation within the framework of ASEAN 10 + 1 pseudo economic cooperation. We can fix their respective exchange rates and float jointly with foreign countries. When the time is ripe, we can use strong RMB to replace other currencies or take RMB as the dominant currency to create a single currency and realize monetary unification. Secondly, it can expand to ASEAN 10 + 3 on the basis of ASEAN 10 + 1 and unite with Japan and South Korea. At that time, RMB will really grow into an international currency with far-reaching influence, just like the euro to Europe and the US dollar to America
secondly, in terms of monetary function, we should promote the internationalization of RMB in three steps, that is, adhere to the three-step strategy of RMB settlement currency, RMB investment currency and RMB reserve currency. In this process, we should steadily promote the process of RMB capital account convertibility, actively and steadily carry out offshore financial business, and graally implement the target area management of exchange rate
historically, which country's currency becomes a valuation currency in international trade and capital flow will take the initiative in international economic transactions. Take capital export as an example. Among the three capital flow centers in the world, when Britain and the United States were capital exporting countries, they all used their local currency as the valuation currency, while after the 1970s, when Japan was the capital export center, they used US dollar as the valuation currency. result; Japanese enterprises and financial institutions are very passive in dealing with the exchange rate risk in the foreign exchange market. When the yen rose sharply, these enterprises and financial institutions suffered huge losses. This is considered by many people as one of the important reasons for Japan's economic recession for more than a decade
for a large economic country, if the local currency can not comply with the trend of domestic trade growth and become the pricing currency of the open international financial market and trade, then the national currency will not become one of the major international reserve currencies. This means that the domestic currency has not obtained the international currency status which is relative to the total economic volume and the total trade volume. In order to deal with the macro financial risk of exchange rate fluctuations, the government must hold a large number of foreign exchange reserves. In today's international monetary system, US dollar and euro are the main pricing currencies in the international financial market, so US dollar and euro have become the main reserve currencies in the world. Correspondingly, the foreign exchange reserves of the United States and the European Union are very small. By the end of June 2007, the value of foreign exchange reserves of the United States was only US $41.5 billion, and that of the European Central Bank was only 41.4 billion euros. In contrast, in Asia, although Japan and China are among the top countries in the world in terms of economic aggregate, neither the Japanese yen nor the RMB has gained the status of an important pricing currency in the international financial market. As a result, China and Japan have the largest foreign exchange reserves in the world
with the development of China's economy, it should be our long-term goal to take corresponding strategies to graally integrate RMB into the international reserve currency system, break the current reserve currency pattern of the western world dominated by US dollar and euro, and promote the construction of multipolar reserve currency system. In this process, China should adopt a consistent graal strategy to promote the internationalization of RMB through the regionalization of RMB. At the same time, we should develop an open international asset market valued in RMB and provide more choices of RMB financial assets for foreign investors. Only after such a stage can RMB really gain the status of reserve currency, and we can get rid of the trouble of worrying about the amount of foreign exchange reserves.