Why virtual currency broke

1. Prices are controlled by people. virtual currency (digital currency) is the same as futures. In fact, it can be seen from the current data
that it is linked with the international market. Secondly, virtual currency has profits. Why is it rising slowly? Because you can see the profits, more people can buy it, and it's easier to cut leeks when the limit falls

2.

There are two reasons for the prohibition of virtual currency trading by the state:

1. The price fluctuates violently and the consumer protection is lacking:

virtual currency is the proct of network, and the digital information flowing in the network is beyond everyone's control. The code of cyberspace is the basis of the operation of virtual currency, investors can only operate through the front-end interface, seemingly "control" the virtual currency. The operator of the virtual currency service organization may become the actual controller of the virtual currency through the control code

bitcoin and other so-called "virtual currencies" lack a clear value basis, the market is full of speculative atmosphere, the price fluctuates violently, and investors blindly follow suit, which is easy to cause capital losses

2. Evade supervision and become the "accomplice" of criminal activities:

bitcoin is popular as a payment tool in the so-called "dark web" world“ The "dark net" is full of all kinds of serious criminal activities. One of the original intentions of the invention of bitcoin is to evade regulation. It has the characteristics of anonymity and convenient cross-border flow, and has become the preferred tool of "underground economy"

the existence of bitcoin and exchanges and other instrial chains has constructed a illegal financial market for asset transfer and financing in addition to legal currency, increased the difficulty of regulatory authorities in managing financial security and stability, and promoted regulatory arbitrage and financial crimes. The risks and social security risks it brings to the financial market are far higher than its innovative value

extended information

virtual currency transactions are not protected by law:

according to the notice on preventing bitcoin risks issued by the people's Bank of China and other departments on December 3, 2013 and the announcement on preventing financing risks of token issuance issued by seven ministries and commissions including the people's Bank of China on September 4, 2017, virtual currency is not issued by monetary authorities, It is not a real currency because it does not have the monetary attributes of legal compensation and compulsion

in terms of nature, virtual currency should be a specific virtual commodity, which does not have the same legal status as currency, and can not and should not be used as currency in the market. Although citizens' investment and trading in other virtual currencies are personal freedom, they can not be protected by law

3. Concerning foreign exchange, we can only pay attention to the international and international exchanges

4. First of all, we should understand what money is
money, in essence, is the contract of exchange right between owners. Different forms of money are unified in essence. In the past, e to people's unclear understanding of the nature of money, people mistakenly divided money into different categories from different angles, such as debt currency and non debt currency according to the commodity value of money, convertible currency and non convertible currency according to whether the exchange ratio of precious metals is agreed, etc
formally, according to the commodity value of money, it can be divided into physical money and formal money. Physical money itself is a special kind of goods, including the amount of value, such as sheep, precious metals, etc; The formal currency itself has no value, its value is contractual, only contractual value. The two forms are different, but they are unified in essence, that is, they are both agreed as the medium of exchange, and both have contractual value. The purchasing power of money depends on the contract value of money, but the purchasing power of physical money is also affected by its own commodity value. Generally, the commodity value of physical money is less than its contract value as money
in high school textbooks, the essence of money is interpreted as a general equivalent[ 3] This definition only starts from the function, in fact, it does not explain the essence of money, nor can it answer the inherent logical question, that is, why money can act as a general equivalent
for questions about the nature of monetary contract, please refer to monetary contract
secondly, 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.

5. The emergence of virtual currency is not accidental, it is a part of the history of currency evolution, is the crystallization of digital technology revolution. Looking back on the history of money, any form of money from birth to maturity will experience doubt and even exclusion. Like the traditional currency, it is not naturally perfect. It is constantly improving in the process of development to better adapt to and serve the proctive forces. The virtual currency based on network is limited by credit constraints, but the innovative virtual currency is breaking through the constraints of region, nationality, culture, credit and so on. There is no doubt that virtual currency represents the future development direction of money. Virtual currency will also have a more perfect solution for sovereign currency. At present, bitcoin trading platform, jucoin trading platform and Youxun trading platform are more famous and have investment value in China. I believe there will be more in the future.

6. Central digital trading center 24 hours

7.

When going abroad for physical examination, the local entry-exit inspection and Quarantine Bureau will handle the "international travel health examination certificate" and "international vaccination certificate", and the health officials will ask you to show them when you go abroad

The process of going abroad for physical examination is as follows:

1. On the morning of the physical examination, take your ID card, passport, two two inch photos and expenses

2. Routine projects will be allowed to do, and other projects will be recommended by nurses according to the requirements of the school

3. After physical examination, you will get the international travel health examination certificate, which can be obtained within 4 working days after physical examination

Many countries also need to check the AIDS test certificate and vaccination certificate - yellow book "international vaccination certificate", otherwise they will be refused entry

In 1986, the State Council forwarded the "several interim provisions of the State Ecation Commission on studying abroad" which stipulates that the health status of all kinds of students studying abroad must meet the requirements of studying abroad, and they must pass the examination of provincial and municipal hospitals and get the health certificate (valid for one year)

2. When going abroad for port inspection, the passport should be handed over to the port inspectors together with the passport; When returning to China for entry, the passport shall be submitted to the port inspectors for inspection together with the passport

8. As a kind of currency, the most important attribute is to make people feel reliable. Therefore, central banks all over the world have formulated a wide range of systems, global financial institutions supervision, and a large number of market-oriented operations. However, the money market is still not really stable. The currency based on computer technology, in the eyes of most people, is a complete black box. It is not clear what is in it and whether it is the same as the rumor disclosed by the company. If virtual currency can become a stable currency, one of the points is to make all participants become professionals who can understand the code and are familiar with computers.

9. Because more people lose money in virtual currency