Why did digital currency collapse

1. Yesterday, gold plummeted to the highest point of 1.5%. Although it rose in the London market, it fell at least 0.75%.

2. There are many reasons. The simplest way to say it is a bear market. It will fall naturally

What's more, investment enthusiasm is declining, value logic is collapsing, realistic pressure, and there is no future possibility.. In any case, this thing is doomed to die out. Now it depends on how long it can still bounce. It is generally downward, but there are still some ups and downs.

3. 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!

4. 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.

5. The most direct cause of the crash: the bitcoin exchange MT GOx was attacked by hackers, causing a lot of panic selling of bitcoin by investors
in addition, the underlying reason is that the world does not recognize the monetary payment property of bitcoin, but regards it as an investment commodity similar to gold, and even has large-scale capital participation in speculation.

6. Well, I have the full version. Click on my avatar~~

7. The central bank has 50000 digital currencies for cloud flash payment targeted poverty alleviation, which is true because it does have this project

of course, this general definition of Finance may be too abstract, and these examples seem too simple. In fact, on the basis of these general definitions and specific financial procts, human society has deced and developed various large-scale financial markets, including various derivative financial markets based on general financial securities, which serve no more than the simple financial transactions mentioned above. The scope of financial transactions has expanded from the original blood relationship system to villages and towns, to regions, to the whole province, to the whole country, and then to the whole world< There are five elements of Finance:
1. Financial object: money (capital). The currency circulation regulated by the monetary system has the characteristics of advance, turnover and increment
2. Financial mode: represented by credit mode with loan as the main mode. The objects of transaction in the financial market are generally the written proof of credit relationship, the contractual documents of creditor's rights and debts, etc
including direct financing: no intermediary intervention; Indirect financing: finance realized through the intermediary role of intermediary institutions
3. Financial institutions are usually divided into bank and non bank financial institutions< 4. Financial place: financial market, including capital market, money market, foreign exchange market, insurance market, derivative financial instrument market, etc
5. System and regulation mechanism: Supervision and regulation of financial activities.

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