Virtual currency falls overall July 2019

1. The value of virtual currency is reflected in "more people recognize it". At the beginning of any instry, there will be savage growth. Take bitcoin as an example, the peak price of bitcoin is close to $2W, and the current price is only about $6500
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.

2. The price changes of cryptocurrencies such as bitcoin, Fuyuan coin, Laite coin and dogcoin are determined by supply and demand, and the big price changes are e to their high volatility and no price limit

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.

3. Not yet in the end, but bargain, there will be a wave of market in 2020

4. On July 22, 2019, bitcoin opened at $10715.1
Ethereum will open at $225.03 on July 22, 2019.

5. It can't be simply attributed to the exchange. Sometimes there are sudden short-term fluctuations, and the exchange does participate. But the main topic is about the monthly time span, which is difficult for the exchange to control. It is more the result of the joint operation of hot money and large institutions. However, the sharp decline of the overall currency value can't be separated from the basic economic principle: the relationship between supply and demand, This is beyond anyone's control

6. It's possible to dig, and no one can stop it. However, virtual currencies such as bitby have been declared illegal by the state, and prices have plummeted. As a result, fewer and fewer people are mining, and even drag down the sales performance and economic benefits of enterprises manufacturing graphics cards. It's a bit too late for you to get involved now, The chance to make a fortune is over. It's better to choose another project.

7. The content of blocks in jinwowo analysis blockchain technology is as follows:
block head: record the characteristic value of the current block
block body: actual data

8. They've been hovering around $10000 recently. Maybe they'll go up and down in the future. Now other currencies are no longer available. In the past two years, bitcoin rose by 5%, others by at least 10% or more, or some by 50% 100%. This year, I haven't seen this type of currency. Big brother plays by himself!

9.

the central bank operates in the foreign exchange market and provides foreign exchange liquidity to the market

a spokesman for the central bank said that China's foreign exchange reserves fell sharply in August, which was the result of multiple factors. According to the data released by the central bank earlier, China's foreign exchange reserves decreased by 93.9 billion US dollars in August, a record monthly decrease

from the change of foreign exchange reserves in August, there are three main influencing factors: the central bank operates in the foreign exchange market and provides foreign exchange liquidity to the market; The foreign exchange reserve entrusted loan project made some capital withdrawals in August; In August, the prices of some major financial assets in the international market recovered to varying degrees

Further information:

related information of RMB exchange rate:

1. China's economy will continue to maintain medium and high speed growth, current account will maintain surplus, and foreign direct investment and foreign investment will continue to grow. China's foreign exchange reserves are abundant. With the continuous improvement of RMB exchange rate formation mechanism and the promotion of RMB internationalization, it is normal for China's foreign exchange reserves to increase or decrease in the future

2. When the foreign reserves decrease to a certain extent, the central bank will no longer have room to intervene in the foreign exchange market by consuming the foreign reserves, and it is expected that the central bank will allow the graal and orderly depreciation of RMB in the future

Due to the strong expectation of the Federal Reserve to raise interest rates, the pressure of RMB devaluation continues to increase. Many institutions predict that with the further release of RMB devaluation pressure, the central bank will continue to take action to control the exchange rate, and the stock of foreign exchange reserves will be reced in the future