Does global epidemic affect virtual currency

1. How to buy and sell virtual currency after China forbids virtual currency trading?

2. There must be risks. Theoretically speaking, if the existence of network currency affects the demand for the central bank's liabilities, and then interferes with the central bank's open market operation, it will have an impact on a country's monetary policy and price stability. However, from a practical point of view, the premise of network currency affecting price stability includes the following three aspects:

(1) from the analysis of the impact on the amount of money, although it is difficult to analyze the extent to which the network currency scheme creates money in the case of lack of information

however, most of the network currency systems operate in the prepaid mode, that is, issuing network currency when the real currency is exchanged in and withdrawing the currency when the real currency is exchanged out, which has limited impact. In the famous network currency scheme, the money supply is stable and the supply is small, but we still need to be vigilant whether it can ensure that the money supply will maintain a stable level in the long run, and the impact of the change of exchange rate between network currency and real currency.

3. It should be said that which countries have bitcoin is not available at the global level, because there are always countries that are more closed than you think. As far as I know, bitcoin is legally recognized in many countries, such as Germany, while there are also countries that do not recognize bitcoin, such as China.

4. If you will change it back, you should consider whether there are automatically running macros and prohibit all macros from running

5. The biggest disadvantage of virtual currency is that it is risky and unstable

6. In the case of a global epidemic, the central bank will release liquidity quickly and rece the yield of money market funds.

7. Hello, virtual money is not real money, there is no central bank behind the total control and macro-control, its value depends entirely on its supply. For example, according to Nakamoto's algorithm, the final supply of bitcoin will be 21 million, which will not be increased. However, if its model is found to be defective, resulting in a massive increase in money supply, the current trading platform and investors will lose their money
coping strategies: many algorithm enthusiasts have made repeated dection, and so far have not found any model defects.