Is it too late to speculate in virtual currency in 2018
In the early morning of January 2, Beijing time, foreign media reported that at the beginning of the new year, the life of bitcoin has been difficult
this is the first time since 2015 that the cryptocurrency has opened a new year in the form of a sharp fall, further aggravating its decline since it hit a record high of $19511 on December 18
The surging trend of
has given birth to a variety of other cryptocurrencies, and also made bitcoin enter the wall street in the form of futures contracts. On December 18, the Chicago Mercantile Exchange launched for the first time a derivatives agreement that some traders thought would encourage short positions, and bitcoin peaked a few hours later
virtual is always virtual
The essential value of any kind of currency is that it can be used as the value scale to measure other things and has stability. The virtual currency here is not game currency, but a digital cryptocurrency like bitcoin. The bottom layer uses blockchain technology, which has the characteristics of decentralization, information tampering and anonymity. At present, cryptocurrency headed by bitcoin can not bear the property of currency. It is not fair to conclude that there is no value
a consensus has been reached in the currency circle by default, that is, bitcoin is similar to diamonds in the real world. The value of diamonds is given by businessmen, and it has been agreed that diamonds can symbolize love and have practical properties. Mining diamonds and gold also need to consume a lot of costs, but it is because a lot of costs are consumed that the constant intrinsic value of diamonds and gold can be ensured. The resources that can be obtained casually are prone to inflation< br />
The fall in 2018 makes investors return to rationality, which is actually concive to the standardized development of the currency circle. Now, regardless of the practical value of digital currency, this capital harvest makes investors further understand the importance of risk management. Money circle and Internet Finance allow investors to see that they are profitable, so they don't have to think about investing in it. It is ultimately their own loss. Whether this bear market can make investors understand the essence of money circle is still unknown. However, the future development of the coin circle still needs government regulation, as well as the regular operation of platforms and projects. Of course, only with the support of capital can the coin circle develop healthily and systematically. Therefore, capital outflow is the biggest reason for bitcoin's sharp decline.
In 2018, a friend took 300000 yuan to enter the bitcoin trading platform at that time. The initial spot trading was in a small profit and loss balance because of low volatility. However, he later fell in love with the so-called futures contract market. At the peak, I was able to see with my own eyes the seven digit assets in his account, which had more than quadrupled
in a word, the feeling of zero return of capital or so-called zero return of principal in high-risk investment market is extremely uncomfortable. We should not only see the so-called profit rate behind the high-risk return, but also see whether the principal is completely summarized and you can accept it. Therefore, it is suggested that investors should avoid investing in unfamiliar fields. Because the current virtual digital currency trading market headed by bitcoin, its regulation and rules are not particularly perfect< br />
the process of bitcoin is like this<
2009 - bitcoin was born
in 2009-13, makers were mainly busy investing in mines and digging for bitcoin. At this time, there is no circulation of bitcoin. Anyone can simply get bitcoin, which is basically worthless
in 2013, the number of bitcoin reached 50% of the total design amount (the upper limit of 21 million)
in 2014, we started to hype bitcoin trading and set up bitcoin trading platform
14-17 years - makers continue to invest in mines and dig bitcoin. Bitcoin trading is completely folk, and there is no market maker
2017 - the number of bitcoins has reached 75% of the total design, and most of them are controlled by the makers
in 2017, makers began to enter the market and used bitcoin as a tool to escape supervision
since 2018, bitcoin has played a very significant role in escaping supervision, with a large amount of funds flowing through bitcoin control institutions, and bitcoin has gone up
here we want to talk about why the makers want to control the market. Because this thing itself has no value at all, if you want to flow capital through this thing, it must appear normal on the surface. Because you are under the supervision of the financial sector in the overall environment, you can't just pick up a stone and say how much it's worth
first of all, my purpose is to transfer my funds "legally" through self selling and self buying, rather than actually buying the so-called bitcoin
secondly, I need to make bitcoin valuable enough to transfer more money
thirdly, as soon as the retail investors enter the market, they will soon find that there is not much liquidity at all, and they can't support the price. If the retail investors have too many bitcoins and they sell them casually, I can't really spend money to buy them. When the market price collapses, I can't play the game of selling and buying by myself.