Virtual currency cliff

1.

The reasons for the sharp rise of bitcoin are very complex, mainly e to the continuous admission of institutional users through the compliance channel. In short, many bitcoin holders do not really understand bitcoin itself, but just regard it as an investment proct with huge profits, but ignore its risks

the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system

unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation

e to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

2.

Recently, the award-winning sentiment of the winners of a company's annual meeting spread in the circle of wechat friends: "first of all, I sincerely thank the company for rewarding me with 10 bitcoins worth 630000 yuan, and I feel lucky that I can win the prize worth 590000 yuan. Next, I'm going to make a good plan on how to use the 570000 yuan, after all, 550000 yuan is not a small amount...". Although it's just a joke, the price of bitcoin has been falling as it said

some analysts also believe that the trading price of bitcoin once fell below US $6000 before the chairman of the Commodity Futures Commission (CFTC) and the securities and Futures Commission (SEC), the two major US regulators, testified in the Senate on February 6 because of concerns about the US government's strict supervision. According to the testimony of CFTC and SEC presidents, they believe that Congress should consider expanding the scope of supervision of cryptocurrencies such as bitcoin, because most of these assets are not subject to investor protection laws

3. Since December last year, bitcoin has shown a cliff like decline: from the highest of nearly US $20000 / piece to the lowest of less than US $6000 / piece, the total market value of bitcoin has evaporated nearly 70%, reaching US $273.6 billion. Analysts pointed out that the recent bitcoin once again opened the plunge mode, marginally depressing the risk appetite of the global capital market. However, blockchain is not the same as bitcoin. It is a potential change technology in the future, and it is worth looking forward to in the long run
bitcoin has entered the downward channel, showing a cliff like decline
since then, bitcoin has entered the downward channel, and the myth of bitcoin's sudden wealth is being shattered. According to the latest data of the "in depth analysis report on business model innovation and investment opportunities of blockchain instry" released by foresight Instry Research Institute, on June 25, bitcoin fell to US $6160. The previous trading day, bitcoin fell below US $6000, a new low in the past six months. Compared with the record high of US $19187 in December 2017, the decline was as high as 68%
the total number of bitcoin is 21 million. According to this estimate, the total market value of bitcoin in December last year was as high as US $402.9 billion, and now it has shrunk to 129.36 billion yuan. In the past six months, the total market value of bitcoin has evaporated US $273.567 billion, which is about 1.79 trillion yuan at the current exchange rate
at the same time, other cryptocurrencies also fell. Ethereum eth has dropped from a peak of $1350 at the beginning of the year to around $454.9 at present, with a cumulative decline of 66%. The LTC of Leyte currency dropped from the highest of $342.25 in December last year to the current $80.99, with a cumulative decline of 76.34%
the negative feedback of price decline is being transmitted in the instrial chain. Under the pressure of cryptocurrency market price, bitmain and Canaan, the top two Chinese manufacturers of bitcoin mining machines, may cut 50% of the orders of chip companies TSMC and Samsung Electronics
stricter supervision is a sign of chaos
stricter supervision worldwide is the main reason for the sharp decline of cryptocurrencies such as bitcoin
on June 22, Japan's Finance Department officially issued an order to improve the business of six cryptocurrency exchanges, including bitflyer, quoine, bitpointjapan, bitbank, btcbox6 and tech
Bureau
bitflyer, Japan's largest digital currency exchange, immediately suspended the opening of new accounts and carried out rectification, especially in its anti money laundering and control of terrorist funds. Japan has developed into one of the largest bitcoin trading markets. As soon as the news came out, the price of bitcoin fell to a new half year low
on June 10, coinrail, the cryptocurrency exchange of South Korea, said that its system had suffered "network intrusion", which also led to a sharp drop in bitcoin after its opening
judging from the change of regulatory attitude, countries have previously held an open and embracing attitude towards blockchain technology. However, with the rising price of bitcoin and the increasing use of ICO for illegal financing, the application of blockchain technology has "deteriorated", the speculative activities have increased significantly, and the cross-border capital outflow has been boosted, The attitude of regulators is also changing
the tightening of supervision will lead to the shrinkage of trading volume and the decline of activity, because the pricing mechanism of bitcoin price is highly positively correlated with the number of participants, which will lead to the decline of bitcoin price. Of course, we don't think bitcoin or digital currency will die out. As long as there is a trading caliber in the world, bitcoin will not die out. It's just a decline in valuation
blockchain technology - a potential change technology in the future
the "hype" capital of bitcoin represents the capital with strong risk preference in the financial market. Bitcoin is characterized by decentralization. As a distributed virtual currency, bitcoin is charged by users independently, and there is no unified regulatory core, such as the Central Bank of each major economy that supervises legal currency. Moreover, the development of bitcoin markets in different countries is different, so it is difficult to coordinate and supervise them. The characteristics of bitcoin make it more speculative
from the perspective of diffusion, bitcoin's recent sharp decline may be transmitted to risky assets such as stocks and commodities, which will depress the risk preference of the global capital market
block chain technology is not a bubble in itself, but bitcoin may be a bubble. Bitcoin is the first representative application of blockchain, but blockchain is not the same as bitcoin. The decentralized and distributed storage of blockchain technology has great application value. It is a potential new technology in the future. It is optimistic about the development of blockchain technology for a long time.

4. Now the Shandong Provincial Center for Disease Control and prevention is not responsible for the health certificate and vaccination. Major hospitals can do it, but some hospitals may be temporarily short of vaccines, so they can call the hospital before going, and the hospital can call 114. Today, I went to the central hospital and had no vaccine. I took a taxi in Jinan hospital (Jinan rehabilitation hospital)

5. I'm very sorry, Samsung mobile phone official website doesn't provide software. As there are risks in brushing the machine, such as problems caused by self brushing the machine, which may affect the warranty repair, we do not recommend you to brush the machine by yourself
if the mobile phone can't be used normally e to system failure or has problems after self brushing, it is recommended that you send the machine to the after-sales service center for inspection and treatment by the engineer
supplement:
1. Due to the instability and compatibility problems of some third-party websites or forums, it is not recommended to try to swipe the computer if they are not professionals
2. In order to improve the user experience, Samsung mobile phone provides system update service. If there is a new firmware, there will be push update notification. You can perform the following operations: settings - (about mobile phone / about device) - System Update - Automatic Update - turn on.

6.

Bitcoin is a kind of virtual currency, which has attracted the attention of many people since its birth, and also made many people devote themselves to mining. Today, the price of a single bitcoin has increased by more than 10 million times in the past ten years, which makes more people focus on this virtual currency, and makes bitcoin cause widespread concern once there is any disturbance< however, although bitcoin's rise is exaggerated, it has lost the room for growth at present , mainly because of the following two points

Therefore, based on the above two points, although the current price of bitcoin is very exaggerated, its own characteristics and lack of official recognition also make it lose the space to continue to rise

7. There will be profits and losses in financial procts. Don't worry about this. Virtual currency is more volatile and easy to break off. Consider entering the market again

8. After a series of political risks, bitcoin's overall fluctuation space has significantly expanded. Take December 5 last year as an example. Due to the ban of bitcoin by the people's Bank of China, the biggest drop of bitcoin denominated in RMB on domestic trading platforms reached 35%, and the biggest drop of bitcoin denominated in US dollar also reached 16%. As for the recent Russian ban on bitcoin, the price of bitcoin has also been affected to a certain extent. Although the price of bitcoin fell less than 300 yuan that day, it exposed the potential high risk of bitcoin
but this has become a historical symbol. This time, the central bank has been cracking down on bitcoin for more than a month, but the history of bitcoin has not been repeated, the precipice crash has not appeared, and bitcoin has appeared a horizontal trend. The impact on other digital currencies is also very small. The digital currency of Puyin is still very active in the domestic trading market.

9.

I think it is closely related to the whole market, especially the stock market. There is a saying that pigs can fly when they stand on the air, and vice versa< in this instry, bitcoin is the top 1, and the leading tycoons have lost the key price. What's better for the younger brothers who follow him to beg for food and stay warm? Naturally, they are like dominoes

however, I think the high leverage trading risk provided by bitcoin to investors is really high, which itself allows investors to finance 10 times and 20 times. At one time, it even reached the super currency leverage of 50 times< therefore, in the event of such a death style short attack, investors will be in an awkward situation and face a dilemma of "fight left and right". Therefore, it is suggested to be more cautious when investing in such things

10. As the practitioners of blockchain digital currency, the sharp fall of global mainstream currencies has led to the panic of the whole currency market, leading to a cliff like decline. Since AVH has just been on the market this year, new currency breaking is also normal. To choose a digital currency investment, we must see whether there is room for development in the later stage of its landing scene. Don't follow suit.