Why did virtual currency fall so much in August

3. If the rise and fall curve of virtual currency is compared to a mountain, I'm afraid such a steep mountain does not exist in reality. In recent months, virtual currency has climbed all the way to the top of the mountain, and then dropped to the bottom of the valley in a period of time. During the Spring Festival, the curve rose slightly, but it didn't last long, and fell again. The virtual money market is more and more complicated.

4. This is not necessarily, the lowest point of virtual currency can not be determined. There is no way to know when it will rise. If it keeps falling, it may die and never recover. The price of this kind of currency will soar all the way
with the rapid rise of bitcoin, Leyte and other digital currencies, Ruitai currency has been stagnating. Is it ready to go, or is it just in a moment.

5.

The qualification license of game text includes the issuance of virtual currency. The issuance of virtual currency is within the business scope of the text. At present, the approval of game text has been suspended. If enterprises want to use this certificate to operate, they need to buy shell companies

certificate case

6.

One thousand watts equals 1.36 horsepower

1 HP = 735 watts

1000 watts = 1000 ÷ 735 HP = 1.36 HP

Horsepower is often used in the power unit of internal combustion engine and kilowatt is often used in the power unit of motor

1 kW = 1000 Watt = 1000 Joule / second

1 kW = 1000 n · M / S (n · M / s)

1 kW = 0.239 kcal / S

1 kW = 1.36 HP

1 horsepower is about 735 watts. Generally refers to metric horsepower rather than British horsepower. One horsepower is equal to 75 KGF in one second; The work per meter is also equal to 0.735 kilowatts, or metric horsepower. One British horsepower equals 550 feet; LBF / S is equal to 76 KGF; M / s, or 0.746 kW. In China's legal units of measurement, the unit of power is watt

7.

the central bank operates in the foreign exchange market and provides foreign exchange liquidity to the market

a spokesman for the central bank said that China's foreign exchange reserves fell sharply in August, which was the result of multiple factors. According to the data released by the central bank earlier, China's foreign exchange reserves decreased by 93.9 billion US dollars in August, a record monthly decrease

from the change of foreign exchange reserves in August, there are three main influencing factors: the central bank operates in the foreign exchange market and provides foreign exchange liquidity to the market; The foreign exchange reserve entrusted loan project made some capital withdrawals in August; In August, the prices of some major financial assets in the international market recovered to varying degrees

Further information:

related information of RMB exchange rate:

1. China's economy will continue to maintain medium and high speed growth, current account will maintain surplus, and foreign direct investment and foreign investment will continue to grow. China's foreign exchange reserves are abundant. With the continuous improvement of RMB exchange rate formation mechanism and the promotion of RMB internationalization, it is normal for China's foreign exchange reserves to increase or decrease in the future

2. When the foreign reserves decrease to a certain extent, the central bank will no longer have room to intervene in the foreign exchange market by consuming the foreign reserves, and it is expected that the central bank will allow the graal and orderly depreciation of RMB in the future

Due to the strong expectation of the Federal Reserve to raise interest rates, the pressure of RMB devaluation continues to increase. Many institutions predict that with the further release of RMB devaluation pressure, the central bank will continue to take action to control the exchange rate, and the stock of foreign exchange reserves will be reced in the future

8. Two things have happened recently. One is the rection of US dollar interest rate, which brings about the rection of global interest rate and may lead to global inflation. Another thing is that the United States has increased taxes on Chinese goods, which has led many countries around the world to increase taxes on Chinese goods, and China's foreign exchange income has decreased. These are two external causes. In addition, China has been issuing additional currencies, resulting in the devaluation of the RMB to 7. Before that, the RMB has been hovering around breaking 7. However, since the US dollar raised interest rates at that time, the tariff on China was still in the stage of negotiation. Trump also sent a signal that there were some talks. As a result, trump has turned back and explicitly increased the tax on China. In addition, some countries have followed the example of the United States in increasing the tax on Chinese procts. As a result, Chinese procts are not easy to sell. These two events have only recently erupted. It is not surprising that the RMB broke 7, but it is expected. It is possible to break 7.5, 8 or even 9 in the future
if the state forcibly intervenes, it is OK to control it within 7. But at present, it seems that maintaining the exchange rate is of little value, so the country did not intervene this time, and simply let the exchange rate break 7
the devaluation of RMB against the US dollar is good for China, because China is a creditor of the US, and the depreciation of US dollar interest rate means that the US has less money to return to China. On the contrary, with the devaluation of RMB, the United States has to pay more money back to China. The timing of RMB devaluation coincides with the change of Trump's attitude towards China. It's hard not to let people daydream about the cause and effect of the two
2019 is an unprecedented and wonderful year for China. Let's see how China can break the game.