How to determine the price of virtual currency

1. virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), silver grain (used for bixue Qingtian game), and popular digital currencies in 2013 include bitcoin, Laite coin, infinite coin, quark coin, zeta coin, etc Barbecue coins, pennies (Internet), invisible gold bars, red coins, prime coins. At present, hundreds of digital currencies are issued all over the world. Popular in the circle & quot; The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum"
according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have legal compensation and mandatory monetary attributes, is not a real currency, does not have the same legal status as currency, cannot and should not be used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law

warm tips:
1. The above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
2. Investors should not use such information to replace their independent judgment or only make decisions based on such information, which does not constitute any investment operation
response time: February 18, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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2. This view is controversial. China's central bank defines bitcoin as a special Internet commodity, while the United States recently classifies bitcoin as a commodity. Of course, the attitude of European countries towards bitcoin is relatively ambiguous. Germany is the first country in the world to recognize bitcoin as a unit of account. However, most people in the currency circle regard virtual currency as currency. Let me take bitcoin as an example to illustrate:

bitcoin has value because it is useful as a form of currency. Bitcoin has the mathematical characteristics of money (persistence, portability, interchangeability, scarcity, separability and identifiability) rather than relying on physical characteristics (such as gold and silver) or the trust of central power (such as fiat money). In short, bitcoin is backed by mathematics. With these characteristics, a form of money to have value requires trust and use. This can be reflected in the growing number of users, businesses and start-ups. Like all currencies, the value of bitcoin comes directly from people who are willing to accept it as a means of payment, which is the only source

of course, some domestic digital currency scholars began to take bitcoin not as a kind of currency, but as a shortcut. Teacher Shaqian proposed the concept of currency business circle. Perhaps inspired by the recent emergence of a currency called Fuyuan coin in the jewelry instry, it is very innovative to use Fuyuan coin to replace the traditional business integral system.

3. Theoretically, the price of virtual currency is determined by the market. When people have a better psychological expectation of a virtual currency, the supply will increase and the price of the currency will rise; When people do not hope for a virtual currency, the demand for the currency will decrease, and the price will also fall
however, in China, the price of virtual currency is also affected by policies to a certain extent. Recently, the central bank has tightened its attitude towards digital currency, and the price of bitcoin and other digital currencies has fallen sharply. The digital currency of PBoC is less affected, probably because PBoC has the support of real assets.

4.

The latest virtual currency / digital currency market in China should only exist in the UK

seeing the answers from other friends, most of them are foreign websites, or the market is incomplete

the website of Yingwei Caiqing can view up to 2500 + digital currencies

at the same time, the app of Yingwei Caiqing can also be downloaded from major mobile app stores

5. Because bitcoin is a decentralized asset, trading between hundreds of exchanges and countless indivials around the world, there is actually no unified price. Each exchange has its own bitcoin price, although these prices are usually very similar. Later in this guide, we'll discuss why all of these different prices are roughly synchronized.

6. What is the latest news about the central bank's legal currency setting? This is the latest information about setting currency published by the central bank on the ICBC website of the people's Bank of China!

7. There are four: Guangzhou University City Health Instry Science and technology park. Guangzhou Biotechnology Park, 68 Lifu Road, Haizhu District. Guangzhou International Biological Island was formerly known as "Guanzhou island". Sun Yat sen University Health Instrial Park is the Sun Yat sen University Park of Huanghuagang science and Technology Park in Yuexiu Guangzhou high tech Zone. There is also Liwan Guangzhou International Medical port, a piece of open space.

8. In currency trading, the price is determined by market supply and demand
in addition, there may be a price difference between currencies in different exchanges. Some arbitragers will arbitrage to earn the price difference through hedging transactions in two markets. Therefore, although there is a certain price difference between the same currency pairs in different markets, the price difference is generally controllable.