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Bitcoin exchange goes bankrupt

Publish: 2021-05-17 07:42:32
1.

On the evening of September 14, bitcoin China's official website announced that according to the spirit of the document issued on September 4, bitcoin China digital asset trading platform stopped new user registration from September 14; On September 30, the digital asset trading platform will stop all trading business





except bitcoin China, the other two platforms have not released relevant announcements yet. In response to reporters, Huo coin said that it has not received any clear documents or notices about the content of news reports. Okcoin said that the official announcement of okcoin should be taken as the standard

virtual currency has a long way to go and needs further supervision

2.

This situation must be timely feedback to customer service, to retrieve

if bitcoin is stored in the account of the exchange, all the coins are in the big account of the exchange. If the exchange stops trading or goes bankrupt, all the coins belong to the actual controller of the exchange (the person who has the key of the big account)

therefore, if there are official problems in the exchange, we must contact the official customer service in time to retrieve them. In addition, digital assets, blockchain and other technologies will have unpredictable effects, and problems in the development process need to be standardized

extended information:

people who really own bitcoin do not store them on the Internet, but store them on the hard disk. Bitcoin's code is open source, which means that technicians can modify the code to proce a continuous stream of virtual currency

which breaks through the "limited amount" attribute of bitcoin. These virtual currencies can be exchanged with fiat currencies. For example, bitcoin can be exchanged into yen, and yen can be exchanged with almost all fiat currencies in the world

in this case, if the number of virtual currencies increases arbitrarily, there will be problems in the whole international monetary system. Therefore, on September 4, 2017, the central bank stopped the exchange function of the token trading platform, especially the exchange function with legal tender

3. If you buy it on a regular platform, even if the exchange goes bankrupt, bitcoin will still be there, except that you can take it away before the exchange goes bankrupt; But if you buy it on an informal platform, you may not be buying BTC at all. It's very likely that it's a bunch of numbers, so it doesn't matter whether you're here or not.
4. It is sheer fiction. The one and only trick in what is called the theory of gambling is to throw the bitcoin which can neither be eaten nor drunk. The ultimate goal of human financial management is to keep the value of money even rising to the point where the bubble increases and the price is high in the process of speculation, but in fact, its value has not been raised. What special algorithm is unique? To put it bluntly, the cost of bitcoin is the loss of computer hardware and power consumption. How much is a computer worth when it breaks down? Behind this hype, there is no real economy to support it. It depends entirely on credit. If there is a small violation of discipline in this system, it will be a disaster. Moreover, as a virtual currency, bitcoin is also the hunting target of hackers. Some of these hackers are for fun or selling money after stealing, The other part is employed by the banking consortia that are not involved in the operation of bitcoin in the existing financial system. After all, the operation of bitcoin is only carried out by a very small number of people. The development of bitcoin violates the interests of the existing bigwigs, and they will clean it up without doing anything. In order to ensure the value of bitcoin, only some people want to increase their holding of bitcoin as they want to increase their holding of stocks. In the current economic crisis, no one has enough money to invest in this kind of thing. The rich will be more interested in gold, jewelry and antiques, because these systems have been generally regarded as a collection of values in human history, the simplest example, It took nearly a hundred years for us dollar to break away from the gold standard. Gold's position in finance is not as important as it used to be. However, at present, the strategic reserve of gold in various countries is in progress in unison. American bankers have boundless legal power, but they still can't change people's ideas and let people give up the general equivalent of gold, People's special feelings for gold can't be replaced in a short time by capitalists suppressing the price of gold or making various substitutes. Therefore, no fool will exchange his hard-earned money for worthless bitcoin. In the early publicity, some people used bitcoin to shop and pay for it, which is just a scam put into operation. They lost money and yelled to spend money to make speculation, In fact, the common people are just a group of sheep. As long as they are properly guided, they will follow. We call it fashion. Therefore, whoever believes in the value of bitcoin is the great fool in the Bo fool theory!
5. If it goes out of business, bitcoin will definitely fall, but it can't be traded,
6. To be clear, the questions you ask have problems

you may not quite understand the difference between "bitcoin" and "bitcoin trading market". It's just that I heard that a bitcoin or something is going to go bankrupt. The bankrupt is "bitcoin trading market", not "bitcoin". Pay attention to the difference
just like a company selling potatoes, potato trading company, it is "potato trading company" rather than "potato" that goes bankrupt
bitcoin, like potatoes, is a commodity. How can a commodity go bankrupt?
7. Bitcoin miner is the hardware device used for bitcoin mining. Bitcoin mining is simply to use your bitcoin mining hardware to calculate mathematical problems, confirm network transactions, and ensure the security of the entire bitcoin network system. In return, you can get a certain amount of bitcoin reward. Bitcoin in your mine is a kind of property. You can exchange it into RMB through bitcoin trading platform, commonly known as cash out. At present, bitcoin mining needs professional ASIC mining machines, such as Avalon mining machine, which has been in the leading position in the instry. If you are Xiao, I suggest you buy Avalon 3 single mode miner. Of course, you can also buy Avalon mining machines with higher computing power. Mining risk, purchase machine need to be careful!
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