Why all virtual currencies fall
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reason 1: the volatility of virtual currency is too large to become a trading means. The huge volatility problem is structural e to its fixed supply and unstable demand. The flaws in this design mean that it will not be a winner in the cryptocurrency war
reason 2: the energy consumption of virtual currency mining is a waste
reason 3: the security of virtual currency is weak, and quantum computing may make it worse
reason 4: the rise of virtual currency promotes illegal activities and redistributes wealth from the formal economy to the shadow economy. It's only a matter of time before the government gets involved
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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 price of bitcoin is determined by supply and demand. The price of bitcoin is still very unstable, which means that the demand must follow this inflation level in order to keep the price stable. The big price change is e to its great volatility
according to foreign media reports, on Monday, the price of bitcoin fell to $2526.4, with a maximum decline of 14.5%, which created the biggest decline since January 2015. A few days ago, the price of bitcoin just broke the $3000 mark, a new record, but then plummeted by more than 30%. As of the 16th of this week, the market value of bitcoin has evaporated $10 billion, almost equal to the market value of social software Twitter's $12 billion
the other reasons for the sharp decline include the sharp decline of US technology stocks and the poor outlook of investment banks on the special currency. Morgan Stanley said that "the virtual currency is like the currency of the wild west", which needs to be regulated before it can continue to rise. The previous price surge may be caused by speculation and not easy to sell
it is worth mentioning that bitcoin is not the only one that has plummeted. It is said that the prices of other digital currencies have also fallen considerably
there are risks in investment, so you need to be careful when entering
The qualification license of game text includes the issuance of virtual currency. The issuance of virtual currency is within the business scope of the text. At present, the approval of game text has been suspended. If enterprises want to use this certificate to operate, they need to buy shell companies
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no one knows if there will be another climax. Last year's climax was mainly driven by the Chinese market, and the next round may be driven by Brazil, Russia, India and Japan. Therefore, I believe that last year's climax is not the only one
at the beginning of its emergence, bitcoin has attracted great attention of the government, and most Western democratic governments adopt an unrestricted and discouraged attitude, and even regard bitcoin as a financial innovation, and let it develop as long as it is not used in criminal activities
the saying that bitcoin has no real value can not be accepted. As long as everyone accepts it, then it is valuable. Its value lies in that it can not be over issued, avoiding the weakness of inflation caused by over issuance of traditional currency< br />
therefore, it is normal for someone to engage in speculation.