Reasons for the sharp drop of BCX virtual currency
in the current situation, blockchain is not a mature technology. What the market values is the so-called prospect, and it will take time to improve and excavate it slowly. However, the collapse of virtual currency is just a return to its own value
in short, I think bitcoin will continue to grow slowly after falling below a certain price. The current slump is just that the funds attracted by the previous heat have discovered the characteristics of virtual currency (hacker attack, dealer trading, these two situations will probably only appear in the newly issued currency, which is determined by the characteristics of blockchain, in other words, Hackers may also attack bitcoin in the early stage, but the more people and nodes bitcoin enters, the lower the probability of this situation, and the more difficult it is to generate)
in addition, I think that a large number of people in China even don't know what bitcoin is, so they are ready to make a fortune with money.
Following the seven departments' call to stop the financing of token (ICO), under the high pressure of supervision, a number of virtual currency trading platforms, including bitcoin China, huocoin.com and okcoin.com, have successively shut down all business of the platform or RMB trading business since the 14th. What are the risks of virtual currency transaction? Why do regulatory authorities take action to rectify? What's the future of the "money speculators" who used to be crazy about it
according to instry insiders, with the increasingly clear regulatory attitude towards the virtual currency trading platform, the relevant local departments have begun to clean up and rectify the work, and some trading platforms are according to regulatory requirements, orderly stop trading business within a certain period of time, and graally guide users to withdraw their money
the reporter observed in a number of "bitcoin investment exchange groups" that with the closing of trading platforms one after another, the price of bitcoin dropped sharply, and many investors called "losing money badly". In response to the promise made by the three trading platforms that "the withdrawal of money and cash will not be affected", on the afternoon of the 16th, the reporter tried to contact the customer service of the three trading platforms by telephone, but failed to get through e to "too many consulting customers" or busy lines
the reporter learned that with the increase of the price difference of virtual currency in the domestic and foreign trading markets, in order to avoid risks and preserve value, some investors have returned the virtual currency on the domestic trading platform to the personal bitcoin wallet and switched to the overseas market and OTC trading
Wang Yongli, vice chairman of China International Futures Co., Ltd., suggested strengthening international communication and coordination, establishing international unified regulatory rules as soon as possible, and avoiding regulatory loopholes and cross-border arbitrage
however, in China, the price of virtual currency is also affected by policies to a certain extent. Recently, the central bank has tightened its attitude towards digital currency, and the price of bitcoin and other digital currencies has fallen sharply. The digital currency of PBoC is less affected, probably because PBoC has the support of real assets.
I think some people might give up. But on the whole, I won't give up. How far can bitcoin go? It's hard to say. There are too many unknowns. You have invested in so many costs. Although you can stop losses in time if you give up now, some small investors may give up, but it is impossible for large investors. Because stop loss can't stop that much. In addition, although bitcoin has plummeted, the confidence of the masses in it has not completely collapsed. After all, bitcoin was very brilliant at that time. After the crash, many people believe it will rebound{ RRRRR}
I feel that bitcoin has a long way to go. The future market is full of uncertainty. How can bitcoin survive and go further. We need to think it over
secondly, even though little friends can't figure out what bitcoin is like, after 7 p.m. the price of bitcoin once soared to $10429 , a good bull market means a sense of vision. Therefore, many small partners believe that the bull market of bitcoin is really coming, and they can't help but start one after another for fear that they will miss this opportunity to make money
then, just an hour after 7 o'clock, the company burst its position by more than $7 million, equivalent to more than $4410 in RMB. On the same day, more than 36000 small partners frantically snapped up bitcoin, setting a record of more than $7 trillion in 24 hours, equivalent to about $5 billion in RMB
finally, just when my little friends were happy to catch the last bus of the bull market, in the last 20 minutes on June 2, bitcoin fell from $10147 to $797 in six minutes , which was more exciting than taking a roller coaster. A proper coin circle, a day, a decade on earth
How do you feel about it< p> 1. The reason why bitcoin has risen so miraculously is once in a century, but its rise is reasonable. We need to know that because of the impact of the epidemic in the US economy, everything is possible2. For coin friends, whether they are novices or veteran, it is the best choice to choose to wait and see under such circumstances<
otherwise, it's not making money, it's giving moneyThis state should be normal for bitcoin. Bitcoin fell again, falling nearly 30% in a month. Over the same period, gold, a traditional safe haven asset, has strengthened significantly, up nearly 10% at a time. Therefore, if it is also defined as a safe haven asset, why did bitcoin and gold go out of completely different trends in the context of the collapse of the global stock market and the collapse of the crude oil market? In fact, the emergence of digital currency including bitcoin is driven by market demand. Since the financial crisis of the United States in 2008, many elites around the world have been looking for a kind of currency that is not only like gold but also not affected by sovereign credit, but also as convenient as US dollar
Digital currency similar to bitcoin has met some needs from a historical point of view, no matter who tries to prevent the improvement and development of currency as a tool, it will eventually fail and lose its competitive advantage . Of course, what we have to face at this stage is the sovereign nature of digital currency, because China's main body can provide more convenient services based on digital currency, which is impossible for bitcoin and so on. The current bitcoin throughput and operating costs, the difficulty of storage management and the inability of various ecosystems to provide more convenient transactions require more powerful technical improvements, which are difficult to achieve and beyond the limitations of the times