How does the regional chain of virtual currency keep falling
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.
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.
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 MLM currency of blockchain will collapse on the day when the capital chain breaks as the underlying technology of bitcoin, "blockchain" is like a distributed database ledger. With the price of virtual currency based on blockchain technology such as "bitcoin" soaring, ordinary investors are increasingly interested in blockchain and digital currency
Li Xuyang, head of Tencent's security and anti fraud laboratory, said that there are more than 3000 MLM platforms using the blockchain concept. The reporter's inventory of recent cases found that "blockchain + fraud" mainly has three "routines"
extended data
with the sharp rise and fall of bitcoin and the explosion of the concept of "blockchain", many pyramid schemes under the banner of "blockchain" also appear frequently
putting on the "new vest" of blockchain, the "old routine" immediately incarnates another "new shortcut" of "Chinese aunts" in pursuit of "financial freedom" and "big pits" worth hundreds of millions. Experts suggest that relevant departments establish a joint supervision and joint strike mechanism, improve the ability of risk investigation, and timely cool down the excessive speculation chaos of "blockchain"
Bitcoin is a virtual currency. Blockchain is the node to calculate virtual currency transactions. In short, blockchain technology ensures the normal operation of bitcoin system. How to describe the principle of blockchain. That's what the ledger means. I don't know if it's easy to use. It's said that it's quite encouraging. After all, it takes ten minutes to calculate the database account book in this area
but the bitcoin market is unstable recently. Let's have a look. Maybe I'll see you on the roof