Disadvantages of virtual currency investment

2. Speculators' paradise

3. Legal risks faced by digital currency: (1) at the macro level, there are legal risks, systematic risks and consumer protection. At present, the legislative problems of e-commerce and e-payment have not been solved, the concept of e-currency and related provisions need to be clarified, and many laws and regulations have not been followed up. Secondly, there is a systemic risk caused by the collapse of a single issuing institution. If a certain issuing institution loses confidence in e-money e to its poor management, other e-money issuing institutions will also face run risk. Moreover, in the absence of standardized supervision, it is difficult for the public to effectively identify the qualification and credit level of issuers. How to effectively prompt risks and protect the rights and interests of the public has become a difficult problem. In addition, the concealment, rapidity and cross-border nature of Internet payment make e-money an inevitable money laundering tool for criminals 2 At the micro level, there are technical risks and credit risks in the main body of e-money issuance. The issuers of e-money in China include banks, non bank financial institutions, Internet enterprises and other enterprises. Due to the weak financial professional foundation of some issuers, especially the lack of mandatory technical security standards in China, there are serious management loopholes and security risks in e-money issuers. System software or hardware failures will affect the availability of e-money. Secondly, the unreasonable structure of assets and liabilities and high concentration of investment will lead to the lack of liquidity and the risk of default. In addition, the payment and circulation of e-money rely heavily on all kinds of networks, and there are all kinds of operational risks, such as deliberate embezzlement of other people's accounts, internal crimes of issuing institutions and malicious intrusion of hackers, which will damage the interests of e-money holders. Bitcoin, Ruitai and other digital currencies are suitable.

4. Digital currency does not worry about counterfeit money. If it is paper money, it worries about counterfeit money. I don't worry. I didn't take any money with me.

5. The virtual currency is hyped by the makers. When the new transaction was just launched, because there were few participants, the basic chips were all in the hands of the makers, so it was easy to pull up. At the same time, substantial speculation can also attract people.

6. Artu digital trading platform has been established for three years: the company's registration certificate can be found.

7. The biggest disadvantage of virtual currency is that it is risky and unstable

8.

The positive effects of RMB appreciation are as follows:

1, favorable for China's import

2, lower cost of raw material import dependent manufacturers

3, enhanced foreign investment capacity of domestic enterprises

4, increased profits of foreign-invested enterprises in China

5, favorable for talents to study and train abroad

6, reced debt service pressure

7 China's asset sale is more cost-effective, China's GDP international status is improved, national tax revenue is increased, Chinese people's international purchasing power is enhanced, and the negative impact of RMB appreciation is as follows:

1. RMB cannot be freely convertible under the capital account, that is to say, the mechanism determining the exchange rate is not the market, and change is meaningless

2 RMB appreciation will bring more pressure to China's deflation

3. RMB exchange rate appreciation will lead to the decline of foreign investment attraction and rece foreign direct investment in China

4. It will cause great harm to China's foreign trade exports

< P > 5. RMB exchange rate appreciation will rece the profit margin of Chinese enterprises and increase employment pressure

6 The fiscal deficit will increase e to the appreciation of RMB exchange rate, and affect the stability of monetary policy at the same time.

the impact of RMB devaluation:

as far as RMB devaluation itself is concerned, it will cause the value of domestic assets to shrink and may have adverse effects on real estate. It is concive to economic transformation. The devaluation of RMB will increase exports and competitiveness, and help to ease the deflation expectation caused by insufficient domestic demand

in addition, the devaluation of RMB has greatly reced the Arbitrage Behavior of international speculative capital, i.e. hot money, and made it sell RMB and related assets and then sell them to US dollars and other assets, which has reced the domestic investment, reced the investment projects that needed a lot of money before, reced the places where money was used, reced the loans, increased the liquidity in the market, and reced the interest rate, The financing cost of the real economy will be reced. Reced investment can improve overcapacity, rece the increasing debt burden, and rece capital demand, which will help increase domestic liquidity

< H2 > expand content:

what is RMB appreciation? In the most popular words, the appreciation of RMB means that the purchasing power of RMB is enhanced, and the price is easy to inflate with its rise

that is to say, before the appreciation of RMB, you can exchange one dollar for 8 yuan, but now you can only exchange 6.12 yuan. That is to say, you used to need 8 yuan to buy one dollar things, but now you need 6.12 yuan to buy one dollar things. The money in people's pocket will be more valuable, and it will be cheaper to travel abroad and buy imported luxury goods

because RMB appreciation will inhibit China's exports. China's main export target is the United States. In recent years, the United States is in trade deficit. Appreciation will slow that down. Relatively speaking, the rise of China's currency value will stimulate foreign imports to China

after the appreciation of RMB, from the macro-economic point of view, the cost of direct investment in China will increase, foreign investors will rece investment in China, foreign tourists will rece tourism and consumption in China, at the same time, a large number of imported goods will flow into the domestic market, which will lead to the re adjustment of some domestic enterprises, and many people may lose their jobs

what is RMB devaluation? RMB devaluation refers to the exchange rate of one country's currency to another country's currency. Many people confuse it with what we usually call "value" of money. Both are indicators to measure the purchasing power of a country's currency, but the former is for the purchasing power of international trade, while the latter is actually for the purchasing power of domestic goods

First of all, you need to understand the concept. The appreciation of RMB means that the exchange rate of RMB against other currencies has increased. For example, in the past, the exchange rate of 1 US dollar to more than 8 RMB yuan, but now the exchange rate of 1 US dollar to more than 6 RMB yuan means the appreciation of RMB. The meaning of RMB depreciation is just the opposite. In addition, at present, the exchange rate generally adopts the indirect pricing method, that is, how many units of local currency can be exchanged for a unit of foreign currency. Only the pound sterling adopts the direct pricing method, that is, how many units of foreign currency can be exchanged for a unit of pound sterling

Of course, RMB exchange rate adopts indirect pricing method. It should be noted that simply speaking of "exchange rate appreciation", whether the local currency appreciation or depreciation depends on the pricing method adopted. If the appreciation of a certain currency (such as RMB) is indicated, it obviously means that the ratio of the currency to foreign currency rises