Dollar and virtual currency
Virtual currency is valuable because of its liquidity and not easy to query
a bitcoin system written by a pile of codes, from worthless to 100000 yuan, what is bitcoin? Why is it so valuable? Once you understand the nature of bitcoin, you won't just focus on currency price fluctuations. It can be said that the invention of bitcoin has given people unlimited imagination. Of course, the value of bitcoin is also determined by its demand. So who needs bitcoin in the first place? When we talk about how to reach a consensus on a broader level, let's first look at the essence of value. Why is gold valuable and what is its essence
in my opinion, a group of virtual currencies led by bitcoin will exist for a long time and will not replace the current legal tender. It will exist independent of fiat money and will not belong to any country. Some virtual currencies are recognized by some people first, and then graally form a wider circulation because of their value. More people reach this consensus, and finally they have the value of existence. Of course, most virtual currencies have no value and are aviation currencies. If a currency wants to exist for a long time, it must go through a long period of ups and downs, and constantly dig out its greater use value, in order to become a virtual currency with real value
first of all, do you want to see if this project is air? Does the project side disclose detailed information, have a long-term plan, and do the coins they issue have real application scenarios
you see, for example, there are a lot of coins on defi now, and the project party is not clear. Even if it grows tens of thousands of times in a short period of time, from tens of u to hundreds of u, there is no practical application scenario, and it is inevitable that it will plummet to zero in the end
the most important thing is to see whether the project can realize the value of its own currency. This kind of thing is not just a matter of trading on the last exchange. Like ZZT, it supports the exchange procts, and supports the payment of hotels, gas stations and pharmacies in Tajikistan. With the implementation of these offline use scenarios, we can feel that the project party really wants to operate the currency, at least not a project to cut a wave of leeks and run away
secondly, take a look at their background, team, project white paper, online planning and so on. More research, more thinking, improve the level of certification, otherwise has been only leeks, cut by the project side.
Jingxuan finance and economics the above tutorial should be able to answer your question
because the American people intend to borrow bitcoin for speculative speculation to attract the return of rice yuan, in a certain sense, the appreciation of bitcoin will promote the appreciation of the US dollar
for gold, as a reserve, it has a complementary relationship with the US dollar, that is, the appreciation of the US dollar may lead to the depreciation of gold; Bitcoin absorbs the speculative property of gold, so the appreciation of virtual currency (bitcoin) is also a factor leading to the depreciation of gold
as a medium of transaction, when the trade channel is reced, the currency will depreciate. In other words, there is a situation that money can not be spent; But when there is a threat of war, we should consider the risk aversion factors and the possibility of recing trade channels, which will lead us to increase our efforts to reserve currency. At this time, gold and the US dollar will double up
the increase of risk, such as the recent game between China, Japan, the United States and South Korea, will lead to the return of people's yearning for peace. This desire will lead to the decrease of speculation desire... The decrease of speculation impulse will be reflected in the speculation of virtual currency
however, the development of things is not transferred by anyone's will. In the future, digital currency must go to zero, only with artistic value and commemorative value
the technology of digital currency will be adopted and used for reference by sovereign currencies to develop their own digital currencies
digital currency has its own value among the people, which is used to circulate and finally to perish
from the perspective of businesses, those who receive digital currency basically immediately cash in the equivalent currency, and do not hold it for a long time. We can see that there are several worries. First, bitcoin and other currencies fluctuate too much, and the risk is uncontrollable, which is not concive to the expected income; Second, I'm not optimistic about the future of virtual currency. It's just a channel to increase revenue