What does virtual currency trend have to do with
response time: December 15, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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the bitcoin protocol predetermines the number of currencies in circulation to be 21 million. There are less than 4 million bitcoins left to mine, and with the popularity of cryptocurrency, scarcity seems to have an impact on prices
of course, we also see the price drop e to the same mechanism. Once Nobuaki Kobayashi, the trustee of Mt. GOx, declared bankruptcy, a large number of bitcoins were sold, and the price began to fall as the market was expected to flood< Although bitcoin is the most famous cryptocurrency with the largest circulation at present, investors also have hundreds of other options for cryptocurrencies. Generally speaking, the existence of competitors can guarantee the investment value. Without strong alternatives, such as the euro, the Renminbi or the pound, the value of the dollar would be different. However, the speculative and quasi legal status of cryptocurrency makes it difficult to understand how competition rules will affect pricing
however, as far as the current situation is concerned, bitcoin is still the best in terms of traffic volume, penetration and application. However, with the continuous development of cryptocurrency and the improvement of the ecology of other competitive currencies, bitcoin should also speed up its integration into the society, and always ensure its "big brother" status in order to continue to appreciate
regulatory issues
with the popularity of bitcoin in the world, the regulatory agencies of various countries are also racking their brains to deal with this new species. They must figure out several issues surrounding bitcoin, such as how a country's tax system treats this new currency, whether it should regulate cryptocurrency, and how to regulate it
the two events highlight that regulatory measures will have a significant impact on currency prices. Just after Japan announced that bitcoin would be regarded as legal currency, the price of bitcoin increased by 2% in one day. Over the next two months, the global price of bitcoin soared by 160%. When China announced the closure of several major cryptocurrency exchanges and the ban on domestic ICO, the price of bitcoin fell 29% in one day
although many people think that the legislative provisions are unfavorable to the encryption field, the fact is just the opposite. Although bitcoin has been in existence for nearly a decade, it gained fame in 2017 e to the sharp rise in price. In other words, in the eyes of ordinary people, this is a relatively new field
what a new market needs most is clear, concise and powerful regulations to provide potential investors with some security and a framework they can understand
how regulatory regulations deal with issues that may affect the prices of bitcoin and other virtual currencies. Earlier this year, when China announced a ban on initial coin procts (ICO), the price of bitcoin fell 5%, while eth, the second-largest cryptocurrency by market value, fell more than 12%. This is a clear example of how such a direct regulatory move could have a huge impact on the price of the bitcoin
to sum up, the most important factor affecting the price trend of bitcoin is market sentiment. If you can grasp the trend of market sentiment, you can grasp the trend of bitcoin price.
1. The factor of investment supply and demand is actually not independent, and investors' demand for digital currency is also affected by various news factors. However, from the price surge of last year, in the absence of obvious policy and other news, The admission of investors and investment institutions will also promote the price growth
2. Policy factors are also important factors affecting the price of digital red packets. In the past, the implementation and formulation of policies in South Korea, Japan, the United States and China have affected the price trend of bitcoin
3. The real financial factors and the instability of the real financial world make the demand for digital assets rise from time to time. For example, the Chinese government's policy adjustment, the brexit of the UK, the setback of the global stock market at the beginning of 2018 and other events all give play to the hedging characteristics of digital currency
4. Technical factors. Although the security of digital currency has been highly respected in its development, several technical crises still occurred in its development history. For example, bitfinex, the largest bitcoin dollar exchange, was attacked by hackers and stole 120000 bitcoin, and bitcoin fell by 25% in the following six trading days
5. Good news and bad news will affect the fluctuation of currency value
6. The market trend will be affected by the actions of the leading enterprises in this field, platforms, digital currencies with large market share, leaders with great influence in the market, etc
besides, choosing a good project can avoid risks to a certain extent. For example, HNB, the next generation of decentralized blockchain economy, is a reliable project. It relies on the real economy, and at the same time uses value exchange to continuously create endogenous value. It uses blockchain to build an economy, so that everyone can participate in it and get returns through labor, instead of relying on currency speculation.
bitcoin is a digital currency, which does not rely on real money or financial procts. Therefore, it is difficult to predict the price trend of bitcoin by summing up the rules from the development and changes of real money
unlike other mature financial procts, bitcoin instry is still in its infancy, and there will be many changes; Secondly, bitcoin is decentralized. Its total supply-demand relationship is related to the global market. It can be held or transferred in the world without approval. Therefore, fluctuations from anywhere in the world will affect the current total supply-demand relationship
the rapid development of bitcoin in the past ten years shows a truth: a good project will certainly attract market attention, because it is a trend. No matter you are pushing, don't go against the trend. If you ignore today, you won't be able to rise tomorrow
Recently, a & lt; The fall of pig currency makes investors heartache & quot; The news of, caused the hot discussion of broad netizens, make boiling on the net. As we know, virtual currency has graally attracted people's attention in recent years. The most important thing is that the price of bitcoin has risen from less than one cent to more than 300000 yuan. Such a huge increase has made many people mbfounded and have realized the investment opportunities brought by virtual currency. With the huge increase of bitcoin, people doubt the rising space in the future, and people have issued a lot of other new virtual currencies, including the pig. The sharp fall of pig has led to the loss of many investors. So what does the rise and fall of virtual currency have to do with? Let's talk
Where is the value of virtual currency? The main thing is to take bitcoin as an example. It is a currency with a limited total number, only 21 million pieces. Therefore, things are rare, and many people agree that virtual currency is a currency in circulation, so people think it has value, so it has value{ RRRRR}the above are my views on this issue. They are purely personal views and are for reference only. If you have any different views, you can leave a message in the comment area for discussion
are mainly based on economic data and interest rate as the center for currency exchange price fluctuation
employment, unemployment rate, consumer confidence index, consumer credit balance, consumer price index CPI, procer price index PPI, manufacturing index, purchasing manager index, rable goods orders, number of new housing starts and construction permits, house price index, number of new housing sales, GDP, economic climate index, MP3 money supply M2, M1, monetary policy and other economic indicators. Among them, the main economic indicators are unemployment rate, employment number and GDP
the country takes inflation control as the center, adjusts the money supply in the market in the form of interest rate, and finally adjusts the currency exchange rate,
3. The currency exchange rate is relative, such as US dollar against RMB. The unilateral appreciation of US dollar will lead to the rise of US dollar against RMB, and the face-to-face appreciation of RMB will lead to the decline of US dollar against RMB, just like a seesaw
4. International currency exchange creates currency exchange rate fluctuations, such as yen / USD. Japan is a big country of import and export trade, and its domestic resources are scarce, so it needs to import a large number of food and living materials. However, the domestic electronic manufacturing instry is very strong, so its exports are huge. Therefore, Japan's exchange rate fluctuates greatly and has good liquidity. Because of the drastic fluctuations, the Bank of Japan often intervenes in the exchange rate to stabilize the exchange rate, promote import and export trade and rece economic costs.