Overview of digital currency assets
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=“ //www.yuanxue365.com/en/img_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
In the morning of March 9, 2014 Beijing time, Jared Cohen, creative director of Google, said at the Sxsw conference this week that digital cryptocurrency similar to bitcoin will exist for a long time. Cohen and Eric Schmidt, Google's chairman, promoted their co-author book the new digital age at the conference
in the past few months, bitcoin prices have fluctuated significantly. At the same time, this digital currency is strongly supported by the hacker community and is closely related to some black markets. Cohen believes that bitcoin has its value, but it will bring risks if it is not regulated
mt.gox lost $400 million worth of bitcoin, which shakes the confidence of the outside world in bitcoin. Some critics even point out that "bitcoin is dead". However, Cohen's statement is a strong support for cryptocurrency technologies such as bitcoin
bitcoin can exist only because both sides of the transaction recognize its transaction value, so anyone can independently design a virtual currency. Ars technica, for example, announced this week that it would create its own cryptocurrency, arscoin
Cohen believes that the main threat to digital cryptocurrency is how to keep it safely, and the loss of mt.gox bitcoin once again highlights this problem. Recently, the US Congress has also launched a debate on digital cryptocurrency. Some members believe that the supervision of the bitcoin should be strengthened to avoid risks. Another congressman, Jared polis, believes that the US dollar has similar defects to bitcoin, so if bitcoin is banned, then the US dollar note should also be banned
digital currency has a short history in the world, but it develops rapidly. Many countries are trying to sum up experiences and lessons through official or non-governmental efforts
take Europe as an example. In 2015, the transaction volume of digital currency in relevant European countries and regions exceeded 1 billion euro. Although the total amount is not large, it is fierce
it was reported on January 2, 2016 that the Bank of England is also considering whether to issue digital currency by the central bank, and the research work is still in the initial stage. Andy Haldane, chief economist of the Bank of England, said that switching to digital currency would be "a great technological leap forward"
DNB, Norway's largest bank, has already cancelled the cash counter service. The bank called on the government to stop using paper money completely. According to the data, only 6% of Norwegians still use cash every day, most of them the elderly. The social cost of cash payment is twice that of electronic money payment. In one day's life, the payment of bus, shopping, payment, refueling, and even parking is completed by swiping the card. Only when the children's school holds a charity sale can the banknotes be used
compared with paper money, digital currency has obvious advantages, which can not only save the cost of issuance and circulation, but also improve the efficiency of transaction or investment, and enhance the convenience and transparency of economic transaction activities. The issue of digital currency by the central bank also ensures the continuity of financial policy and the integrity of monetary policy, and also ensures the security of monetary transactions
although the issuing method of digital currency is still under study, paper currency has been regarded as "the currency of the previous generation" by some professionals, and it is the general trend to be replaced by new technologies and procts. Due to China's large population and volume, the timetable for issuing digital currency is still uncertain. It is predicted that digital currency and cash will be in parallel and graally replaced for quite a long time. When the era of digital currency really comes, people will carry less and less cash, travel more and more safe, poverty alleviation more and more accurate, corruption more and more difficult to escape, and thieves more and more difficult
according to the prospective instry research institute, an investment institution, the current upsurge of various types of digital currency financing does not mean that digital currency is becoming more and more popular as a currency. On the contrary, it is regarded by some people as "digital assets" to store, hype or use for illegal purposes, which can not but arouse enough attention and vigilance.
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 assets and digital currency are not the same thing
Digital assets refer to the non monetary assets owned or controlled by enterprises or indivials in the form of electronic data and held in daily activities for sale or in the process of proction. The emergence of digital assets benefits from office automation, digital assets rely on the development of electronic payment system, its prospects are predictable2. Digital currency
digital currency refers to the digitization of currency. Digitization doesn't mean scanning. This is just like digital signature. Digital signature does not mean scanning your signature into a digital image, or using the touchpad to obtain the signature, let alone your signature
digital currency is often mistaken for virtual currency. But virtual currency refers to non real currency. For example, when you play "Three Kingdoms" (game) or "grand Voyage", you have money, and that money is virtual. Of course, the virtual money will also have its real value
for example, if you buy her / his account from another player, you can get all the virtual assets of that player, and then it will be much easier for you to continue playing. Virtual money is not necessarily digital. For example, children play games with pebbles as virtual currency
extended data
characteristics of digital assets:
1. High price. Because these application software with special purpose is specially developed for a specific work, its cost is relatively high, and its price is not lower than the price of fixed assets of factory buildings
(2) strong attachment. Application software must be supported by computer hardware and system software in order to play its role3. Strong interaction. Even the simplest application software also has some interactive functions, such as the error prompt to the operator, which is the most basic advantage of IT instry procts
The quantity is infinite. Digital assets as assets are scarce (because not all enterprises or indivials can create digital assets), but its supply can be unlimited. However, tangible assets are always limited e to the limitation of property and storage space Cost decreasing. The proction cost of tangible assets is positively proportional to the proction quantity References:
Network: digital assets
Network: digital currency
the specific explanation of each application is as follows:
1. Digital currency
at present, the most extensive and successful application of blockchain technology is digital currency represented by bitcoin. In recent years, digital currency has developed rapidly. Due to the characteristics of decentralized credit and frequent transactions, it has high transaction value and can maintain a relatively stable price by developing hedging financial derivatives as quasi super sovereign currency. Digital currency establishes the digital currency transaction credit under the endorsement of sovereign currency. The larger the transaction volume is, the more frequent the transaction is, and the stronger the credit foundation of digital currency transaction is. Once the global blockchain credit system is realized, digital currency will become a gold like universal payment credit
2. Payment and clearing
at present, the clearing and payment of commercial trade transactions all rely on banks, and this traditional way of trading through intermediaries has to go through the opening bank, the counterpart bank, the central bank and overseas banks. In this process, each institution has its own accounting system, and they need to establish agency relationship and credit line; Each transaction needs to be recorded in the bank, and also needs to be cleared and reconciled with the counterparties, resulting in slow transaction speed and high cost. Compared with the traditional payment system, blockchain payment is carried out directly by both sides of the transaction, and does not involve intermediate institutions. Even if part of the network is paralyzed, the operation of the whole system will not be affected. If we build a set of general distributed inter-bank financial transaction protocol based on blockchain technology to provide users with cross-border, any currency real-time payment and clearing services, cross-border payment will become convenient and low-cost
taking cross-border exchange as an example, if I open an account in a small bank in my own country and remit money to another small bank abroad, the transfer process under the traditional swift system needs the following steps: first, I submit an application to my own small bank; Second, small banks submit applications to large banks in the same country with exchange terms; Third, large banks wire overseas cooperative banks; Fourth, cooperative banks remit money to small overseas banks. At present, depending on the host country, the process can take from 10 minutes to two days. If the settlement technology based on blockchain is used, when the RMB is remitted, the bill is registered at the market maker, and a trading bank in the world receives the bill, the two sides shake hands to complete the exchange, and the average speed of payment confirmation is within a few seconds
3. Digital bill
Digital bill is a new form of bill presentation developed by combining blockchain technology with Bill attributes, regulations and market, which is completely different from the existing technical architecture of electronic bill system. The core advantages of digital bill are as follows: first, to realize the disintermediation of bill value transmission. In the traditional bill transaction, the bill intermediary often uses the information gap to match. After the point-to-point transaction with the help of blockchain, the bill intermediary will lose its intermediary function and re position its identity. The second is to effectively prevent the risk of bill market. Due to the characteristics of tamperable time stamp and network wide publicity, once a transaction is made, there will be no default phenomenon in blockchain, thus avoiding the problems of "one vote for more sales" of paper tickets and asynchronous endorsement of e-tickets. Third, the construction of the system and data storage do not need the central server, which saves the development cost of the central application and access system, reces the maintenance and optimization cost of the system under the traditional mode, and reces the risk brought by the system centralization. Fourth, standardize the market order and rece the cost of supervision. The non tamperable time stamp formed by the front and back connection of blockchain data greatly reces the access cost of supervision. The completely transparent data management system provides a trusted traceability way, and can establish a common constraint code for the supervision rules in the chain by programming, so as to realize the full coverage and hard control of supervision policies
4. Proof of equity
each node participating in the maintenance of the blockchain can obtain a complete data record, which can confirm the ownership of the equity by using the characteristics of reliable and collective maintenance of the blockchain. For the demand of storing permanent records, blockchain is an ideal solution, which is suitable for land ownership, equity trading and other scenarios. The equity certificate is the most widely used field at present. The equity owner can prove the ownership of the equity by virtue of the private key. When the equity is transferred to the next family through the blockchain system, the property right is clear and the record is clear. The whole process does not require the participation of a third party
in the keynote speech of the 2015 European news award for trade technology and finance excellence in London, NASDAQ CEO Bob Greifeld announced that the exchange intends to use blockchain technology to manage proxy voting system. Proxy voting is originally an important and time-consuming operation used by a listed exchange. The application of blockchain technology enables shareholders to participate in voting without attending the company's annual general meeting. People can vote with their own mobile phones and keep voting records forever. Blockchain technology is regarded as an advanced technology in the field of equity trading, which can ensure transparent trading in a shorter time
5. Bank credit investigation
at present, the most basic consideration in the development of commercial bank credit business, whether for enterprises or indivials, is the financial credit possessed by the borrowers themselves. Each bank uploads the repayment status of each borrower to the credit reference center of the central bank, and then downloads the reference from the credit reference center of the central bank on the premise of customer authorization. There are some problems such as incomplete information, inaccurate data, low efficiency and high cost. In this field, the advantage of blockchain lies in relying on program algorithm to automatically record massive information and store it on every computer in the blockchain network, with transparent information, high tampering difficulty and low use cost. All commercial banks store and share customers' credit status in their own institutions in the form of encryption. When customers apply for loans, they do not have to go to the central bank to apply for credit investigation, that is, decentralization. Lending institutions can complete all credit investigation work by retrieving the corresponding information data of the blockchain
in a word, blockchain has become one of the hot spots of financial innovation, but as a new technology, blockchain also has considerable risks. At present, the settlement system based on blockchain technology is very sensitive to regulatory risks. If participants worry about the uncertainty of regulatory policies, the payment system may collapse e to instability. In addition, because the operation right is controlled by the developer, the obvious technical disadvantage is that if the operator itself controls more than 51% of the computing power of the whole network, it can achieve double payment, leading to the collapse of trust. This is also an important issue to be solved in the application of blockchain technology.