Bitcoin is terrible

1. To be honest, I may come into contact with bitcoin later than many of my peers, but I'm one of the quickest people to make a decision to join the instry. I learned from the news that Jet Li's one foundation was grateful to the enthusiasts who donated bitcoin. After less than ten minutes of thinking, I immediately decided to put down 90% of the projects I had completed and devote myself to this instry with incomparable prospects. I am a technology controller. Although I am not well-known in the Internet instry, I have operated no less than 10 it projects, and have cooperated with or established 7 companies. Among them, there are also successes and failures. The only instry that has not been involved is group buying, because I thought from the beginning that group buying deviated from its original appearance and would not be a very promising instry. But after learning about bitcoin, I feel that I have found a window, a window to the palace of ideals, a way to change the world. Today, I still insist on my choice, but the real use value of bitcoin in China is rarely reflected except for its speculative property. After multi-party analysis, I think the short-term downward trend is irreversible. Let's list the following factors that cause the price of bitcoin to fall:
first, the excessively free market - the copper price killer
bitcoin is born for freedom and lives for freedom, which has created a group of bitcoin fans who are crazy about pursuing freedom. The decentralization of the bitcoin exchange has been rampant for a time. The current situation of no supervision of the bitcoin exchange is obvious to all, and it can not be solved by itself, such as the forever anonymous dark village, the disorderly competition of mining machinery, etc. these important factors that are often ignored by people are also important drivers of the price drop
just think of the capitalist social system in the early days. People had great expectations and perseverance. They could sacrifice their lives for freedom and cut the rope on puppets at all costs. During the transition from feudal socialism to capitalism, people were like holding on to the water for several generations, suddenly came out to breathe fresh air, and no one was allowed to press themselves into the water again, The result is a social system of excessive freedom. The result of excessive freedom is that once someone obtains certain resources and social advantages, he can quickly devour everything around him like a black hole, forming a monopoly and giving birth to an oligarchy. They don't care about other people's lives, just like gladiators. If you lose, you have to bear all the consequences; If I win, I can enjoy some honor. But after all, oligarchs are a minority. Society is made up of thousands of ordinary people, so the system made up of people must be unstable and unreasonable. Therefore, modern capitalist society has learned to compromise. After learning from many advantages of capitalist society at that time, it is found that there are anti-monopoly laws, various anti-commercial bribery and other daily laws for proper supervision, In order to effectively delay the outbreak cycle of the financial crisis
the reason why so many words are used to describe capitalist society is that bitcoin has too many similarities with it. A brand new financial system does not depend on specific institutions or indivials, but also depends on all participants. With it, we can eliminate all external influences and keep our wallets. It's a great idea, but what about the reality? Holding a large amount of bitcoin, amzhuang can control the price of bitcoin. In the capital market, 1 billion yuan is only a very small amount. For the bitcoin market, it is enough to control the price rise and fall of any exchange, back and forth volatility, commonly known as "fleece". Easier said than done, as like as two peas in the market, you will be able to control the bitcoin in your hands. But you have to be in the market. For these makers, they can benefit from the ups and downs, because in the trend of the rising market, they will increase ring each shock period, and fall more every time the market falls. At the top of the pyramid, there are always only a few people
after more than a year of communication with players in the instry, we found that those who are still left behind are either deeply covered or persistent believers. Even if they are covered, only a few of them are entities. Most of the left behind are pure it houses, and they blush when they meet. Most of them have no financial experience, even few of them have speculated in stocks, so they are in shock, It's certain that Xiaosan will be injured< Another important factor is that, like stocks, the amount of cash in circulation is far less than the total value. Although several exchanges have not announced the amount of bitcoin and the total amount of RMB assets, it can be concluded from the data of mtgox's bankruptcy that the amount of cash announced by mtgox is US $40 million, Bitcoin is worth US $450 million, reaching a staggering 1:11. According to my preliminary understanding, the general comparison of domestic trading platforms is between 1:3 and 1:6, which is slightly better than mtfox, but it is also enough to illustrate the problem. Once the bear market comes, the power of shorting is far greater than that of long
although the stock market did not rise sharply last year, many people did profit from the stock market and attracted many of the few users who swayed between the stock market and bitcoin. Many of the professional investment users and deep-seated users who benefited from bitcoin also left the bitcoin instry for various reasons. The big reason is that for bitcoin, They think that in addition to speculation, it is a game played by technical talents. Although this is a misunderstanding, let's think about it from another perspective. If you are an investor outside the IT instry and face the world's largest trading platform, you will go bankrupt if it goes bankrupt. If bitcoin is stolen, it will be stolen without supervision and responsibility. What would you think? Therefore, the reason for today's situation is that the number of bitcoin has not decreased, but the capital is decreasing. Although there are many foreign advantages ring this period, the domestic situation has been declining. This is an indisputable fact
with the decrease of funds, long has lost enough momentum. The reason why there is no sharp decline is that there are still a number of bitcoin loyalists. Some of them have been engaged in bitcoin for several consecutive years, and almost every year they have to experience a similar slump. Therefore, they still firmly believe that this year is just a repetition of the market rules of previous years, and the final price will rise; Of course, I personally believe that in the long run, the trend of bitcoin will go up, but is it half a year or three to five years? I'm really not sure, because the biggest constant in the world is change. As the saying goes, the flowers are similar year by year, but the people are different year by year. The past experience may not be applicable to the present< Third, domestic policy - gold price killer
I don't know if the Americans have understood that it was not Japan, the United States, Europe, but China that decided the price of bitcoin in 2013. Made in China used to be a headache for foreigners. Now, they also realize the power of China's speculation. China's real estate speculators are like locusts everywhere they go. At present, China's speculators are also rapidly overdrawn the growth value of bitcoin. China, which has 80% of the world's trading volume, explicitly forbids the value of bitcoin as a medium of exchange, so it has no real value in China except for speculation
I believe that the world's understanding of the power of Chinese speculators in bitcoin began with the documents of five ministries and commissions, because before that, almost no organization participated in the international bitcoin conference. After that, many foreign media swarmed in, professional and unprofessional media came. This time, although the documents on April 15 have not been confirmed, the financial times interviewed bitcoin in advance, which shows that they recognize the power of Chinese speculators
why is an Internet proct that started in foreign countries so influenced by China's policies? This is not its main application place, which just reflects that the price of bitcoin is seriously out of its actual value line, artificially pushed up and overdrawn its value. In my opinion, without CCTV's report and China's participation, it would have been good for bitcoin to have a price of more than 1000 last year. It was also e to excessive attention, which created the fastest five ministerial documents in history< 4. Crazy miner - the ultimate price killer
the computing power of bitcoin miner has increased from 1p at the end of last year to more than 30p now. In less than five months, the price of bitcoin miner has dropped from 6000 to 2700 today. In other words, the number of miner has increased dozens of times, from CPU to motherboard, power supply, power supply, etc The chassis and processing costs are all paid in RMB. Just imagine how much cash flow the mining machine has taken from the whole bitcoin ecological chain. Once the cash flows into the hands of TSMC, motherboard factory and others, it will never be kept back. This is also the result of disorderly competition, once profitable, the number will never end! It is said that Shenzhen proces 90% of the world's computing power of mining machines, and each time the chips are streamed, the chips are less than 3.5 million, more than 20.3 million, not to mention the whole machine. A mining machine manufacturer I know in Shenzhen club said that he sold 1000 USB mining machines a minute, which shows the madness
to sum up, all aspects have exerted pressure on cash flow, so the continuous decline of bitcoin in the short term is caused by many reasons. Even without the 4.15 document, I believe a continuous decline process will be formed. As for the bottom, it depends on the belief of those who still hold fast to it and when the crazy mining machine will not continue, And the actual application of bitcoin in foreign countries
those who played with stocks in 2008 may find that bitcoin shares a striking resemblance to the price trend of stocks. If bitcoin goes up from 2000 to 5300, any good news, even an additional issue, will make stocks soar all the time. After that, although the stock surged to the highest point, the downward trend was like "defeat like a mountain". Any bad news would cause a decline. Coupled with the excessive issuance of new shares and serious overdraft of market cash, the a share once fell back to about 1600 points. Although it rebounded to more than 3000 points, it would still jump to about 2000 points. After several years of shock, it did not improve
bitcoin plate is small and easy to rise and fall. However, if the retail investors are excessively injured, bitcoin's loyalty can only be powerless to let bitcoin rise. The false rise of the makers will face a lot of market capital pressure and can only follow the trend
at present, there are several companies in the whole instry that can support short selling, such as fire coin, China bitcoin and okcoin, which also aggravates the dection process
of course, I am still very optimistic about the long-term development of bitcoin, but I really can't see how to break the current deadlock. The purpose of this article is to provide some personal opinions for the majority of small businesses. Maybe you are more in-depth and complete than I think, but finance is nothing more than that

2.

Last night's bitcoin was destined to be recorded in history

at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell rapidly from $9700 to a low of $7998. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months

The sharp drop in the price of the currency has brought about a terrible situation in the contract market, which was full of blood last night

according to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added

"bitcoin crash" also appeared on the microblog hot search list again two months later

it is worth noting that a few days ago, there was news in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency. He said the goal of digital currency and electronic payment in the future is to replace part of cash

bitcoin plummeted by more than 15% in 100 minutes

below US $8000

last night, the collapse of bitcoin shocked investors again

at 2:00 a.m., bitcoin suddenly plummeted, rapidly falling by nearly $1500. 3: 45, bitcoin fell to a low of $7998, down more than 15%. This is the first time since mid June that bitcoin has fallen below $8000, the lowest level in four months

"in terms of bitcoin, this is quite a rare event," said Qiao Wang, proct director of messari, a New York based cryptocurrency centric data and research company

so far, bitcoin has plummeted nearly 35% from the highest point of US $13355 in the year

this means that bitcoin's bull market in 2019 is in trouble

since September 2, BTC has started to collapse from a bearish downward triangle, which has been noticed by most people in the cryptocurrency twitter community

some market participants said that the decline of bitcoin was partly e to technical factors. They pointed out that the digital currency has been falling in a triangle, which is a bearish signal

ZBG CMO Lizzie of the Hong Kong digital currency exchange
Lo told the fund that a series of expectations have been digested, including the expected baktt exchange online, but the trading is flat. In addition, the institutions will make corresponding strategic adjustments,
several major institutions short bitcoin

It is reported that bakkt is one of the main catalysts for the sharp rise in bitcoin prices earlier this year. However, he further added that it is too early to see the long-term impact of this futures proct on bitcoin

as of the press release, the price of bitcoin was $8651.53, down 11.08% in the past 24 hours

and the coin circle is also full of sorrow: EOS, Ethereum, etc. all fell by more than 10%

however, Lizzie Lo said that after a round of slump,
it noticed that usdt, a stable currency, had a large premium as a ticket for investment in the currency circle, which meant that there was a lot of money on the sidelines. In the medium and long term, it believes in the consensus of bitcoin, and the downward adjustment only gives opportunities for traditional funds that had not entered the market

investors were awakened by qiangping's SMS in the middle of the night

the overall collapse of the currency circle has brought about a miserable contract market, which was full of blood last night

according to the statistics of coin data, in the past 24 hours, a total of 920 million usdt (about RMB 6.65 billion) of burst orders were added. Among them, bitcoin added 6.34 million burst warehouse receipts, about 72000
BTC; EOS added 9.79 million explosive warehouse receipts, about 36.07 million EOS; Ethereum added 10.5 million explosive warehouse receipts, about 652000 eth

some bitcoin investors said that they woke up in the middle of the night last night, received a burst SMS, and then couldn't sleep any more...

the long short ratio ranged from 2:1 to 1:1

however, there were also those who made a lot of money by shorting:

according to the triple BTC short index of ZBG platform, the short profit reached its peak at 3:30 on September 25. So far, the short index has grown by 33.5% in 24 hours

Lizzie Lo points out that at 3:30 a.m., the triple shorting index reaches its peak, which means that the most people are short at that time

under the crazy counterattack of bears, the market long short ratio was slaughtered from 2:1 to 1:1

in addition, as investors sought to close their positions in the crazy sell-off, they withdrew from the market of $30 billion within 24 hours About 213.3 billion yuan)

Yi Gang: at present, there is no timetable for its launch. The goal is to replace part of M0. It is worth noting that recently, it was reported in the market that "the Central Bank of China will issue digital currency within 80 days". At a news conference yesterday (September 24), Yi Gang, governor of the people's Bank of China, said that there is no timetable for the introction of digital currency

Yi Gang said:

I would like to say a few points about digital currency. First, the people's Bank of China has been studying digital currency since 2014. We have a digital currency Research Institute and a special team, and we have made positive progress. We combine the central bank's digital currency and electronic payment tools, so it is called a package of digital currency and electronic payment

Second, what are the goals of digital money and electronic payment in the future? The goal is to replace a part of M0, that is, to replace a part of cash. It does not mean to replace M1 or m2

Third, the future framework of our digital currency is a two-tier operation system of the central bank and commercial banks, which will not change the current money supply path and system, so as to fully mobilize the enthusiasm of the market

Fourth, we will adhere to the centralized management, do not presuppose the technical route in the research and development work, we can choose the best in the market through fair competition, we can consider the blockchain technology, we can also adopt the new technology evolved from the existing electronic payment, fully mobilize the enthusiasm and creativity of the market, we have also set up a mechanism compatible with the incentive mechanism of market institutions. As for when you ask, we don't have a timetable. I think there will be a series of research, testing, pilot, assessment and risk prevention. Especially if digital currency is used across borders, there will be a series of regulatory requirements such as anti money laundering, anti terrorist financing, anti tax haven and "know your customer"

- for more data, please refer to the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry published by foresight Instry Research Institute

6.

Yes , at about 4:00 on June 18, 2020, Zheng Yiwei cut his daughter's neck with a sharp knife on the bed of the bedroom in the middle and south of his home in a community in Shahekou District, causing his daughter to die of massive bleeding. After wrapping his daughter's body, he came to the No. 18 pier of Xinghaiwan bridge and threw her body down the bridge. Later, Zheng and his wife Wang committed suicide by jumping into the sea. Zheng attempted to commit suicide. At about 10:00 on June 18, he took the initiative to account for the fact of the crime in the second hospital of the University of medicine

Zheng said that after graating from University, he has been engaged in freelancing "playing finance". Bitcoin is his main investment project, making a lot of money and worth tens of millions

however, the huge fluctuation of bitcoin has brought a disaster to Zheng Yiwei. By the beginning of June this year, he had lost more than 20 million yuan e to using capital leverage to participate in speculation“ The money includes four million from my parents and 500000 from my father-in-law and mother-in-law. The rest is my savings and money borrowed from my relatives over the years. " Zheng said

once the hard-working family property was lost, it also owed a large amount of debt to close relatives and friends. Zheng Dawei is going to commit suicide< he said that at first he only intended to die by himself, but later his wife tried to persuade him, but to no avail, and the couple decided to "go together"

faced with the public prosecutor's question, Zheng explained that because of the idea of "want a family together", the couple decided to kill their own daughter first, and then commit suicide by jumping into the sea together. On June 17, he bought sleeping pills at the pharmacy and fed them to his daughter by his wife. Zheng said that before killing his daughter, he had "no heart and hesitated" and first stabbed the plush toy beside the child with a knife

at the end of the trial, the defendant Zheng said that he confessed to the crime of killing his daughter, and said that his wife's suicide was also caused by himself, hoping that the court could give him a heavier sentence

{rrrrrrr}

extended data

bitcoin continues to rise sharply. Analysts warn that we need to be careful about the sharp correction in the future:

Tom Demark, a well-known digital currency analyst, said that bitcoin has a total of 9430 points from the high on June 26, 2019 to the low on March 16, 2020. If we add 9430 points to the level on June 26, 2019, Then, it is expected that the price of bitcoin will rise to 23288, which is the current trading range in the market

although bitcoin is expected to recover soon, Demark also admits that if investors continue to pour in, bitcoin may continue its earnings and ignore the signal that the current trend is running out

Matt Maley, chief market strategist of Miller Tabak asset management company, pointed out that since 2016, bitcoin has fallen 20% or more for 10 times, 30% or more for 7 times, and 48% or more for 4 times. Therefore, investors should not underestimate the volatility of bitcoin

7. Wannacry blackmail virus is also known as bitcoin virus. When the bitcoin virus broke out, the price of bitcoin also went up by leaps and bounds, but bitcoin has gone down in recent days
wannacry blackmail virus prevention method:
1. Install the latest security patch for the computer. Microsoft has released patch ms17-010 to fix the system vulnerability of "eternal blue" attack. Please install this security patch as soon as possible; For Windows XP, 2003 and other machines that Microsoft no longer provides security updates, we can use 360 "NSA Arsenal immunity tool" to detect whether there are vulnerabilities in the system, and close the ports affected by the vulnerabilities, so as to avoid being infringed by blackmail software and other viruses
2. Close ports 445, 135, 137, 138 and 139, and close network sharing
3. Strengthen the awareness of network security: don't click the unknown link, don't download the unknown file, don't open the unknown email...
4. Back up the important files in your computer to the mobile hard disk and U disk as soon as possible (regularly in the future), and save the disk offline after the backup
5. It is recommended that users who are still using Windows XP and windows 2003 should upgrade to Windows 7 / windows 10 or windows 2008 / 2012 / 2016 as soon as possible.

8. Switch sharing access to the Internet
1. Spend more than 50 yuan to buy an Ethernet 5-port switch (router is OK, but much more expensive than switch)
2. Two through lines (we use them now, and the line sequence is the same at both ends)
3. The broadband signal line from the cat is inserted into one port, and the two computers are respectively inserted into one port
4. Set the TCP / IP properties of the protocol<
(1) local connection
right click local connection - properties - General - Protocol (TCP / IP) - properties - use the following IP address
computer a:
IP address: 192.168.0.2 (this is what I use)
subnet mask: 255.255.255.0
Default Gateway: 192.168.0.1
computer B:
IP address: 192.168.0.3 (number except 2 between 2 and 254) < br />Subnet mask: 255.255.255.0
Default Gateway: 192.168.0.1
(2) broadband connection
right click broadband connection - properties - network protocol (TCP / IP) - properties - use the following IP address - both computers are set to "automatically obtain IP address"
5. In this way, two computers can access the Internet at the same time or separately.