The relationship between bitcoin and casinos
ring the global financial crisis in 2007 / 08, the price of gold fluctuated sharply. In March 2008, the price of gold peaked at 1032, then plummeted to 680 in a few months, and then went all the way to the peak in 1920.
bitcoin, a blockchain based digital currency, is often regarded as a global safe haven asset like gold. In this age of global turmoil, even gold has become unreliable and may be confiscated as India has. Some people have begun to think that bitcoin can replace gold, because bitcoin not only has the reserve capacity of gold, but also has some capabilities that gold does not have, such as low handling charges, rapid transfer capacity, decentralization and so on. With the increasing popularity of bitcoin and the decreasing volatility, the status of gold has been threatened
will bitcoin shake the status of gold?
gold has a long history, almost as long as the history of human civilization, and has withstood numerous tests in history. Bitcoin is less than a decade old, but its value has risen sharply. There is no support behind bitcoin. Of course, since the end of the gold standard, there has been no support from other currencies, except that there is no support from the central bank behind bitcoin. It's hard to predict whether bitcoin will exist in the next decade, a hundred years or even a thousand years.
There are two relations between bitcash and bitcoin: bitcash is the bifurcated and competitive currency of bitcoin{ RRRRR}
Second, competitive currency. As the name suggests, they are two competing currencies. It is just like the competition of two kinds of homogeneous goods in the market, competing for market share. In the virtual digital currency market, the market share is so large that more people hold one kind of currency, the number of people holding another kind of currency will be relatively reced, forming a competitive relationship between you and me
in these two relationships, competitive currency is easier to understand, while forked currency is more difficult because it is a technical problem
is the relationship between the two currencies clear now
2? This is the funniest game. The so-called "10 for 10" is meaningless to split one's own stock into two, and change one's own 100 Yuan paper into two pieces of 50 Yuan paper. If bitcoin is set to 1:10, it is not equal to the so-called 1:10.. What's the value
3, the problem of net worth growth? The stock represents the company, which has land and land. If the weather is good, the net value will increase year after year, and the land in the hands of landlords will be more and more, but it seems that it has nothing to do with our small shareholders. For example? Can I exchange Maotai shares for a bottle of Maotai wine? For example, can I exchange bank shares for a banking department? I have 10000 bank shares. I'm a shareholder, but I'm old. Can the bank ask me to look at the gate of the bank? If there is a natural or man-made disaster, such as the explosion of Sinopec, stone milk powder, or a profit transfer, someone else will buy 3000 computers, and the listed company's account will change to 3 in case, what can we do? Can you protest strongly? Or can I withdraw
4. As for the problem of large shareholders, more than 5% of the shares can be listed, but the total assets of my generation, my next generation and my next generation can not be listed. It seems that it is empty talk. I will never have the right to speak. At least I haven't seen that small shareholders' online voting can change the company's resolutions, let alone the company's daily resolutions... I believe that the security guards will drive me out before I get to the door of the listed company
5. Gambling is not allowed in a certain country. It seems that the stock market is a legal gambling market. Of course, everyone knows that the final winner is the casino. But since it's a gamble, now that there are so many gambling instries, it's better to watch a game at the weekend. Who will win the gamble and put on the hundreds of dollars that are idle for your body and mind?
bitcoin is a real currency rather than a quasi currency. Now there is a saying that bitcoin is not a currency, but a quasi currency
quasi currency is a kind of asset valued by currency, which can not be directly used for circulation but can be converted into currency at any time. It is mainly composed of bank time deposits, savings deposits and various short-term credit circulation tools. Obviously, bitcoin does not meet the above definition
at present, the reason why bitcoin can not be used for shopping in our country is the result of the prohibition of administrative order, which is not caused by its own nature. If we do not consider the restrictions of administrative order, bitcoin can naturally be used for circulation, so bitcoin is real currency rather than quasi currency
Is it right to put down the assumption that deflation is not concive to economic growth? After the collapse of the Bretton Woods system, although the currencies of various countries are no longer linked to gold, gold is still widely accepted as an important international reserve currency. Therefore, deflation cannot deny the reason why bitcoin is a currency. Moreover, for quite a long time, bitcoin is still in an inflation stage. At present, the annual inflation rate is about 4%. It is believed that economists and financiers in 100 years' time will come up with a better way to solve the problem of bitcoin deflationIn the past 24 hours, more than 110000 people in bitcoin have burst their positions, and 5.8 billion funds have been swallowed. In fact, I think the team is cutting leeks. In fact, the decline of bitcoin can be met in advance, and nothing can prosper all the time, So for most people, they still need to maintain a rational attitude to buy some funds or stocks and bonds. If it becomes a state of large-scale loss, then their money will be tied up, which is certainly not very good for them. Our attitude towards bitcoin is that it will not decline, it will only rise, So most people may not consider this situation and put all their money into it, but in such a situation, if the institutions withdraw their funds, they will inevitably face a lot of capital losses of retail investors
however, in the face of such a situation, we must understand that not all such things can have an answer, such as this kind of irregular things. As an ordinary investor, if we want to buy opportunistically, we may have to bear a greater risk, but in the face of the relative institutional investment, They may take less risk, because the risk they need to take is actually created by them. For most institutions, if they want to go up in the last stock, the probability of the stock's rise may be much greater than the probability of its decline. As for bitcoin, more than 110000 people burst their positions in the past 24 hours and 5.8 billion funds were swallowed, losing money in succession, in fact, I think the team is cutting leeks