Virtual currency after epidemic
the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.
the meaning of Musk's words is to stimulate the investment of virtual currency retail investors
first of all, let me talk nonsense
I am very qualified to answer this question, because I am playing virtual currency now and I have invested a lot in it
let's talk about my achievements first. I knew about virtual currency in 2017, but at that time, some people always said that it was false, so I didn't play. I started to invest officially in 2018. After two years of rising, I took out my money because of the epidemic situation. Anyway, I made a lot of profits. Now I haven't worked for two years
in 2020, the virtual currency will drop precipitously, bitcoin will drop to 6000 points, and Ethereum will drop to more than 400 points. At that time, I directly went to Soha to get the bottom. I thought at that time, if I won, I would be president Su, if I lost, I would be Suzhou vegetable dog. If I had a fight, my bicycle would become a motorcycle. What I thought at that time was that if I had a fight, my bicycle would become a BMW, So I have a full position in Soha. Two days ago, bitcoin broke through 50000 points. I cleared half of the position directly and made a lever for the remaining half. Now I have almost all the capital. But yesterday's burst of position made me feel a little uncomfortable, but I didn't lose
After the epidemic, the RMB will not depreciate, and knowledge will fluctuate, which can be noticed frequently
the emergence of a new type of pneumonia is a black swan event that exceeded the expectations of the financial market in 2020, and it is also the main reason that led to the exchange rate of RMB against the US dollar from the previous appreciation to depreciation in January 2020
in 2020, RMB exchange rate may face certain depreciation pressure. But the range will also be controllable, mainly because: on the one hand, the Sino US economic and trade agreement requires RMB not to carry out competitive devaluation. On the other hand, once the RMB devalues too much, it is easy to cause sustained devaluation expectations. Sustained devaluation expectations and capital outflows are easy to strengthen each other, thus leading to a greater devaluation, which is not concive to the stability of RMB assets. The central bank will also have the power to maintain stability
in addition, quantitative easing in the United States is a package, not just a super currency
at the same time, the average CPI and PPI of the United States in recent years are only 1.5% and 1.4% respectively, which are significantly lower than the 2% inflation target. In fact, they are facing deflation for a long time. Therefore, excessive development will not lead to a wide range of inflation and bubbles.
the excess of domestic currency is a cumulative value. In the past, it has been confined in the big pool of real estate, so the impact on prices is graally generated by the warm water boiled frog. Now the real estate has been at a high level, so it is a major safety issue to prevent the house price from soaring, so blocking the influx of funds into the real estate has become the mainstream opinion. This big pool that once prevented big inflation and big bubbles has no super reservoir function. As for another big pool stock market, you know, there are two kinds of stock markets: stock market and China stock market, which have no super reservoir function. If you can't find a pool for the water with excess money, it's hard not to raise the price.