How to realize self discipline of virtual currency industry
2. Bitcoin can be copied, and lightcoin, Ruitai coin and vitality coin are all experimental objects
3. No, the source codes of different currencies are theoretically different
4. You can create counterfeit money without limit
5. It is possible in theory, but it may not work in practice.
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.
1、 7 * 24 hours trading
the trading time of digital currency is very long, 24 hours a day, 7 days a week, 365 days a year. As long as you like, you can trade whenever you want. There is no time limit
friends who have worked in stocks and futures know that stocks and futures have trading time limits. A few hours of trading time in a day is not enough. Digital currency is a real all-weather trading, which can meet the needs of friends who trade in different periods of time. You can trade whenever you are free, even on weekends, It's just so willful
Second, there is no limit on price rise and price fall.
there is no limit on price rise and price fall in the trading of digital currency, that is to say, it can rise and fall freely without any limit. You can say that there is a huge income space, but you can also think that there is too much risk. This is a matter of different opinions. There are good and bad, because the income and risk are positively related. Digital currency trading platform "currency exchange"
the price demand of the market can be truly reflected without the limit of rise and fall, because the rise and fall of the price is a very natural process. When everyone is optimistic, it will rise, and when they are not optimistic, it will fall. This is the law of price fluctuation, and the limit of rise and fall only adds human intervention to the price fluctuation to slow down the price fluctuation, But it can't really stop the price movement. Therefore, there is no limit on price fluctuation, which is the most real price fluctuation and truly meets the market demand and expectation
(3) t + 0 transaction: Generally speaking, the digital currency bought on the same day can be sold on the same day, that is, it can be sold with the buyer. It sounds very powerful. If the digital currency you buy makes money, you can sell it immediately and make it safe; If there is a little loss, you can also sell it immediately to prevent the loss from further expanding. All t + 0 trading system is really very practical, can be very flexible to deal with the hands of the position Four, two-way transaction digital currency can not only buy long, but also sell short. Most of my friends basically understand buying long and bullish, but they don't understand selling short and bearish. This is actually a reverse thinking, the key point is to judge the direction of rise and fall accurately, at the same time, there is a price difference to earn on the linefor example, we can buy at a low price and then sell at a high price to earn the price difference (buy long and be bullish); You can also sell at a high price first, and then come back at a low price to earn a difference (sell short and put). The operation steps are almost the same. It's just a direction of business
Five, margin system margin trading is to pay a part of the margin to buy the relevant digital currency, just like when you buy a house, you only need to pay a certain down payment to buy the house. This is the legendary leveraged trading, but at present only some platforms have leveraged trading. Margin trading (Leveraged trading) has achieved the goal of "small, broad and big", maximizing the efficiency of capital utilization, expanding both profits and losses. We can treat it dialecticallyThe essence of money is the general equivalent. In the process of the continuous development and evolution of human history, it has gone through the stage of physical money, the stage of substitute money, and then entered the stage of credit money. In primitive society, people exchanged livestock, salt, shells and other hard to get goods as general equivalents
in the long history, the emergence of metal currency makes the economic life achieve unprecedented prosperity. However, e to the inconvenience of carrying metal money, paper money became the mainstream form of money. With the rapid development of modern information technology, e-money has come into our life
if the evolution process from physical money to value symbol paper money is the first qualitative leap in the history of money development, then the evolution process from paper money to electronic money is the second qualitative leap in the history of money development
from the perspective of money form, physical money itself is a commodity in addition to performing monetary functions; Paper money is a symbolic tool of value for commodity exchange and a credit currency; Electronic currency is the proct of highly developed Internet economy and continuous progress of bank payment and settlement technology. It not only has the function of traditional currency, but also can continuously improve digital currency
At the same time, the virtual money market based on electronic information is also booming. By the end of 2014, the number of Internet users in China had reached 632 million, including 517 million registered users in the online game market and 114.48 billion yuan of sales revenue, an actual increase of 37.7% over the previous yeara huge virtual space based on the Internet has been formally formed. As a kind of virtual currency with intrinsic value, convenient online trading behavior, low transaction cost, and service providers' issuance, it emerges as the times require
first of all, from the functional analysis. Virtual currency is a kind of transaction medium in the Internet virtual space, which has the function of value scale, but the value scale of virtual currency is different from that of legal currency
using virtual currency to purchase virtual procts and services can only be within the scope specified and allowed by the issuer of virtual currency (Internet operator), and the size of this scope depends on the number of virtual procts and services. If the virtual procts and services provided by the website are large enough, the scope of virtual currency will be large
the currency value of virtual currency depends on the pricing of virtual currency by issuers. When no currency can communicate between virtual cyberspace and reality, the pricing of procts and services is still based on real RMB. That is to say, when issuers of virtual currency price their own virtual currency, they should first convert the price of virtual currency based on RMB
"thank you for your interest in registering bitfinex account. However, e to the excessive demand, we decided to suspend the creation of new account. Bitfinex focuses on serving professional traders, and we have decided to suspend the acceptance of new account registration because we can't let new small accounts inundate our system, thereby damaging the quality of service we provide to existing traders. "
this is a notice that the virtual currency exchange has suspended the registration of new users. It seems that it is inevitably arrogant. However, they have no choice but to do it. There are too many young people rushing to get on the bus
data show that in the second half of 2017, coin an (
binance) added nearly 250000 users a day, coinbase added 100000 + users a day, Kraken added 50000 users a day...
who are these new users
they are onlookers after seeing the birth of invisible rich people in the currency circle. They feel that they have missed 100 million yuan, and finally join them in their anxiety to become a member of the currency speculation
they are middle-class white-collar workers who can't breathe under the pressure of life and work. They are still doing nothing when they are in their thirties. They are looking forward to the investment of virtual currency in exchange for the cars and houses they can get a foothold in
they are unemployed young people in Africa. They learned this way to get rich in the virtual currency investment crash course, hoping to walk out of a different life path from their parents by their own "intelligence"
they are also self-motivated young people who have nothing to worry about but are never satisfied with. They always feel that they should not miss every opportunity of the "era" and should create their own brilliance and glory
...
these young people, who are coerced by the anxiety of the times, miss the real estate and the Internet, and regard virtual currency as the gateway of the next era. For many people, investing in virtual currency may be the only chance to realize wealth freedom in this lifetime, and we will never look back
"you have to get on the bus once in your life. If you don't get on the bus, you will be left in the wilderness."“ If the time for reading chicken soup or complaining is used to discover new opportunities and do something meaningful, the world will become a better place
these people see hope in virtual currency and give new hope to virtual currency
the power of belief is invincible
when a person gives too much connotation and sustenance to a thing, the nature will inevitably change. From the initial money making and investment, it graally becomes a kind of touching spiritual belief, and the power of belief is invincible
when investment becomes a belief, every risk warning is regarded as a provocation, which only arouses the morale of investors
for virtual currency investment, Mr. Buffett, who has been enthralled in the speculative market, once suggested that "generally speaking, as far as cryptocurrencies are concerned, I can almost say that they will have a bad ending... As for when or how they will happen, I don't know."
investors refute the famous "Clark's three laws", implying that Buffett is old and stubborn
"1. If a distinguished and venerable scientist says something is possible, he may be right; But if he says something is impossible, he must be wrong
2. The only way to find out whether something is possible is to cross the boundary and never run to the possibility
3. Any very advanced technology is no different from magic at first sight
under this logic, the more authoritative experts prompt for risks, the more reliable it will be and the more they want to buy it
when the rise becomes a belief, every time the regulation and singing down will only usher in a bigger rise
in the view of many people, the price of bitcoin, which is naturally deflationary, will be higher and higher. "One currency, one villa" is a true reflection of many people. In their eyes, any decline is an opportunity
in August 2017, bitcoin ushered in its first bifurcation, which means the division of the community. However, after a short correction, the market ushered in a retaliatory rise, reaching a new high
in September 2017, China ushered in the new regulations of ICO and virtual currency regulation. After the market fell for a short time, investors and institutions went abroad, and the prices reached new highs again. On the contrary, a pile of air currencies ushered in more leeks around the world
since November 2017, Russia, India, South Korea, the US SEC, the world bank and Europol have successively prompted the risks and hidden dangers of virtual currency. Every "heavyweight" prompt has injected new vitality into the currency circle afterwards
...
every decline ushers in a faster rise. To some extent, singing down has become a good medicine to save the currency price
blockchain, which adds the wings of science and technology to "belief"
from the perspective of economic logic, price rise is nothing more than strong demand and insufficient supply. In the virtual money market, there are more and more "believers", but there are not enough currencies for investment
under the invisible hand of market law, more and more people join the ranks of issuing currency. In China, if ICO is the red line, move the server to foreign countries, launch foreign exchanges, and the team operates in China, so as to "serve" domestic investors. In terms of publicity, since token can no longer be talked about, let's talk about blockchain
a few days ago, a venture capital FA asked me to talk about blockchain. After meeting, I found that the blockchain project in the other party's mouth was just token issuance. It suddenly dawned on me that in recent years, the concept of blockchain has become very popular in the circle of friends and mainstream media. Many people will talk about blockchain when they meet, and several articles about blockchain have become popular again. It turns out that this blockchain is not the other blockchain, and the focus of attention has always been on tokens. In many cases, blockchain is just a layer of sheepskin for the "compliance" publicity project of the coin circle
in fact, over the years, the coin circle and the chain circle have gone further and further. They are totally two groups. The former are mainly indivials and small teams, busy with ICO issuing tokens; The latter is dominated by institutions and entrepreneurs, busy reshaping the instry and changing the world
in terms of wealth effect, the virtual currency represented by bitcoin is soaring, and the coin circle has made countless billionaires. The chain circle is still busy experimenting and landing, and the money circle leaders don't see the hardships of the chain circle in starting a business
in terms of policy environment, there are also differences between cloud and soil. Virtual currency has become a policy forbidden area, which is a red line, while blockchain has been written into the national planning, which has become a hot potato in financial technology
it is precisely because the policy environment is becoming more and more stringent that the coin circle, which makes money but has compliance risks, has begun to make the idea of blockchain to engage in the business of token issuance in the name of blockchain. At this time, the token becomes the value medium in the blockchain project
from the perspective of investors, blockchain also provides technological support for their belief in currency speculation. Learn more about blockchain on weekends, so that their "belief" in currency speculation is more firm, and they will be more and more firm on the road of wealth freedom relying on currency speculation
when leeks have faith
in view of the fact that more and more countries are beginning to prompt for the risk of virtual currency, since January 2018, the virtual currency market has gone out of the falling trend again, and the price of bitcoin has been cut off from the highest point. Seems to be able to stand up to the risk, but please believe me, any risk tips are inevitable afterwards
under the call of "faith", the decline only provides a better opportunity to buy, and more and more people will get on the bus. According to the statistics released by wiseapp, an app analysis company in South Korea, the number of cryptocurrency app users in South Korea has increased 14 times in the past 11 weeks, reaching about 2 million. The average daily operation time is 26 minutes, which is twice that of the securities app. In Brazil, the number of money holders is more than twice that of shareholders. In Russia, more than 60% of the people plan to invest in virtual currency in 2018...
in the zero sum game of speculation, virtual currency always goes up and down. For a few people, fluctuation is the best reward. The K-line reflects the perfect curve of growth and cutting of leeks; For the vast majority of people, fluctuation is the real slaughterhouse, but when leeks have faith, one crop will always rise.