Virtual currency falls below issue price
in the current situation, blockchain is not a mature technology. What the market values is the so-called prospect, and it will take time to improve and excavate it slowly. However, the collapse of virtual currency is just a return to its own value
in short, I think bitcoin will continue to grow slowly after falling below a certain price. The current slump is just that the funds attracted by the previous heat have discovered the characteristics of virtual currency (hacker attack, dealer trading, these two situations will probably only appear in the newly issued currency, which is determined by the characteristics of blockchain, in other words, Hackers may also attack bitcoin in the early stage, but the more people and nodes bitcoin enters, the lower the probability of this situation, and the more difficult it is to generate)
in addition, I think that a large number of people in China even don't know what bitcoin is, so they are ready to make a fortune with money.
we saw six big bubbles, one more serious than one, and each was epic. But when you look back, they're like dots on a chart. With every bubble emerging, trading activity soared, which is what we see now.
many investors have heard about the huge profits of early cryptocurrency investment, and they have entered the market to buy cryptocurrency in order to get higher profits. This has driven the valuation of major cryptocurrencies such as bitcoin, Leyte, ethereal and so on to soar
however, recently, the soaring market of the currency circle has ended and replaced by the bear market
just yesterday, bitstamp data showed that bitcoin fell below the $6000 mark, which was broken again after it fell below the $6000 mark at the end of June. In just two weeks, bitcoin has entered a bear market, returning to bear market for the fourth time this year. Compared with the highest level of the year set at the beginning of the year, bitcoin has long been "cut"
recently, ether currency fell by 17%, the biggest one-day drop since March. Ripple, ether and other digital currencies all fell
it is generally believed in the market that the US Securities and Exchange Commission (SEC) delayed the approval of issuing bitcoin ETF is the main reason for this round of slump. As the ETF is the first digital monetary financial proct, the setback on its listing has dealt a huge blow to the market
according to the analysis of Wall Street, if bitcoin and Ethernet become the new mainstream means of financial payment or the underlying foundation of other commercial applications, their prices will naturally drive up. On the contrary, the price downturn of digital currency may last for quite a long time[/ cp]
The general sentence for the crime of pyramid selling is fixed-term imprisonment of not more than five years or criminal detention and a fine; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. According to the law,
Article 224-1 of the criminal law of the people's Republic of China requires the participants to obtain the qualification by paying fees or purchasing goods and services in the name of business activities such as selling goods and providing services, and to form a hierarchy according to a certain order
those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined
extended information:
Article 225 of the criminal law [crime of illegal business operation] "Reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" (adopted at the 1166th meeting of the judicial committee of the Supreme People's Court on March 29, 2001, and announced by the Supreme People's Court of the people's Republic of China on April 10, 2001)
effective from April 18, 2001) stipulates the provisions in the provisions on the prosecution standards for economic crime cases (GF [2001] No. 11 of the Supreme People's Procuratorate and the Ministry of public security on April 18, 2001), the reply of the Supreme People's Procuratorate on how to deal with pyramid selling or pyramid selling in disguised form before April 18, 1998 ([2003] No. 7 of the Supreme People's Procuratorate) and the regulations on the prohibition of pyramid selling
(adopted at the 101st executive meeting of the State Council on August 10, 2005, and implemented since November 1, 2005) on February 28, 2009, the criminal law amendment (VII) was passed, adding the crime of organizing and leading pyramid selling
crime of organizing and leading pyramid schemes - organizing and leading pyramid schemes, in the name of selling goods and providing services, requires the participants to pay fees or purchase goods and services to obtain the qualification, and forms a hierarchy according to a certain order, and directly or indirectly uses the number of development personnel as the basis of remuneration or rebate, to lure and encourage the participants to participate in pyramid schemes Coerce participants to continue to develop others to participate
Whoever swindles money or property and disturbs the economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be finedamendment (7) of the criminal law adds an article after article 224 of the criminal law as one of article 224: "in the name of business activities such as selling goods and providing services, organizations and leaders require participants to obtain the qualification to join by paying fees or purchasing goods and services, and form a hierarchy according to a certain order
those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. "
"the reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" stipulates that after the "notice on prohibiting pyramid selling business activities" issued by the State Council on April 18, 1998, pyramid selling or disguised pyramid selling activities are still engaged in
Those who disturb the market order and the circumstances are serious shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Article 225 (4) of the criminal law. The reply made it clear that pyramid selling should be treated as the crime of illegal business operationthe provisions of the Supreme People's Procuratorate and the Ministry of public security on the prosecution standards for economic crimes (hereinafter referred to as the provisions) specifies the amount as the standard for the serious circumstances of the crime of illegal business operation, and the crime of pyramid selling illegal business operation is attributed to Article 5 of the provisions:
other illegal business activities, Suspected of one of the following circumstances:
(1) the amount of personal illegal business is more than 50000 yuan, or the amount of illegal income is more than 10000 yuan
(2) the amount of illegal business of a unit is more than 500000 yuan, or the amount of illegal income is more than 100000 yuanBitcoin, which recently peaked at $64000, has fallen below $52000. Now many people have left the market, and the whole market has volatilized 37.9 billion yuan. it is common for the whole virtual money market to fall and rise sharply. This fall may be e to the technical adjustment of operators, because the head structure of bitcoin has come out in the medium term, and it is bound to fall under normal circumstances, because it has almost reached the peak in the short term
bitcoin is destined to be a target of leek cutting in the eyes of Warren Buffett, bitcoin has risen so high, I personally think that the market is no longer regulated, and many risks have been obvious, but there are still many people looking for stimulation and have been frantically squeezing their heads in
now many video card players have begun to mine. In the past, almost everyone in many video card forums was discussing virtual currency, even operating virtual currency. Most of them are optimistic about the future of virtual currency, because virtual currency is g out free of charge. If they have a graphics card in their hand, they can make profits after calculation. If they can make profits, except for electricity charges and losses, it is suggested that mining can be carried out, but it is a waste of resources
in the long run, I don't think bitcoin has reached the end. The price of bitcoin is too high. A virtual currency that can't be seen or touched can be fried to more than 30 thousand pieces. Now, if you buy it, you may be able to harvest leeks further. However, if you play short-term, there may be a certain possibility that you will make a profit, but the risk is too big, so it is not recommended that you enter the market now
Bitcoin is an electronic currency, which is based on cryptography. On November 1, 2008, Nakamoto Tsung published a white paper on bitcoin, in which a decentralized electronic accounting system was proposed. Our usual e-cash is recorded by banks, because behind the bank is the national credit. Decentralized electronic bookkeeping system is the common bookkeeping of participants. Bitcoin can prevent sovereign crisis and credit risk{ RRRRR}
the principle of bitcoin generation is the special solution generated by complex operation, and mining is the process of finding the special solution. However, the total number of bitcoin is only 21 million, and with the continuous mining of bitcoin, the more difficult it will be to proce bitcoin, and the cost of acquiring bitcoin may be higher than the price of bitcoin itself. Bitcoin is a kind of virtual currency, its issuance does not rely on any institutions; Now it's ready to trade, and it supports global 7 * 24 trading. It should be noted that the price of bitcoin fluctuates greatly. Ordinary investors have no ability to buy and sell. It is very difficult for many investors to grasp the price of bitcoin
the sharp drop was mainly e to the fact that some regulatory authorities said they would soon Sue several virtual currency trading platforms the price of virtual currency rose sharply after it was originally listed on the virtual currency exchange, but a few days ago, a regulatory agency said that it would sue a number of virtual currency trading platforms. After the news came out, all cryptocurrencies, including bitcoin, fell sharply, which almost wiped out the previous increase. Cryptocurrency roller coaster like market, so that many trading platforms can not bear, in the day of the crash, there has been a platform downtime, obviously no one thought the crash came so suddenly