What is bitcoin bubble?
Publish: 2021-05-25 14:15:05
1. Take a look at the game control
there should be key settings over there
but one of the chain mining presets I know seems to press v
there should be key settings over there
but one of the chain mining presets I know seems to press v
2.
the reason why a virtual currency such as bitcoin can be such a price is not because it has value, but because others recognize its value, so it can be worth so much money. This truth may be a bit awkward, you can think about it again and again
in the past, when we talked about bitcoin, we all thought that bitcoin was a fraud, because the existence of bitcoin would be controversial. Some people thought that bitcoin itself had no value, but when we all recognized bitcoin, we would find that the price of bitcoin would be more and more expensive, and many people would regret it, They feel that they didn't buy bitcoin in their early years, and they are very poor
the price of bitcoin has exceeded $59000
we all know that the price of bitcoin has gone up all the way, even to $59000. The price is so exaggerated that many ordinary investors have no way to participate in it. For those small partners who participated in the early years, they may have made a lot of money at this time, but for those who just start to pay attention to bitcoin now, There is no need to continue to participate now{ RRRRR}
3.
Bitcoin is no stranger to a person who loves to invest. In 2008, bitcoin still appeared in our view at a very low price. But 18 years later, the price of bitcoin began to soar, and soon broke through the 10000 yuan mark. Now, bitcoin has exceeded 100000 yuan each, and bitcoin is not a real capital or material property, but a virtual currency. In the Internet, the value of such a virtual currency has been speculation above 100000 yuan. What is behind such madness
Some people also take advantage of this loophole to buy virtual currency abroad in the way of RMB, and finally cash out through trading, which is also a violation of China's foreign exchange system. Such a practice will undoubtedly lead to fire and even prison. Of course, the price of bitcoin is so high nowadays that most of the people who can afford to buy bitcoin are economic tycoons, and there will be no retail investors taking over< br />4. The price of digital currency is based on people's value for it. Different people, different views. The bottom technology of bitcoin is block chain technology. Block chain technology can be used to solve trust problems. Many people have begun to study block chain. The prospect is good. As for whether bitcoin is bubble, everyone has different standards of thinking. It is because of different opinions that the price of bitcoin fluctuates. But for now, there are more bulls than bears
if you want to invest, you'd better invest in valuable blockchain projects. Bitcoin, the mainstream currencies, has risen a lot recently. It may be too late to start now. You can take a look at the SEC social e-commerce chain, which is a public blockchain project based on trust relationship to promote the socialization and decentralization of e-commerce, The purpose of this paper is to solve the problem of trust transfer mechanism between people about specific goods. I think there is a great opportunity for landing. Once landing, the value will be reflected in the currency price. I bought some and intend to hold them for a long time.
if you want to invest, you'd better invest in valuable blockchain projects. Bitcoin, the mainstream currencies, has risen a lot recently. It may be too late to start now. You can take a look at the SEC social e-commerce chain, which is a public blockchain project based on trust relationship to promote the socialization and decentralization of e-commerce, The purpose of this paper is to solve the problem of trust transfer mechanism between people about specific goods. I think there is a great opportunity for landing. Once landing, the value will be reflected in the currency price. I bought some and intend to hold them for a long time.
5. Different people have different opinions on this issue
we can say that real estate is a typical bubble. Many experts will argue that there is no bubble.
we can say that RMB is a typical bubble, and it has too many issues. Experts are noisy, not much
What about bitcoin? Or you can have a fight. It's a bubble or a bubble.
bubble is not a thing itself, after all, the world's major powers, especially China, issue too many banknotes, so that paper money is constantly circulating in the market, and constantly promote all kinds of "price" to measure all the ups and down. Including land, including garlic, including basic living expenses, and so on
remember that bubbles are procts of massive currency issuance, not just one thing.
we can say that real estate is a typical bubble. Many experts will argue that there is no bubble.
we can say that RMB is a typical bubble, and it has too many issues. Experts are noisy, not much
What about bitcoin? Or you can have a fight. It's a bubble or a bubble.
bubble is not a thing itself, after all, the world's major powers, especially China, issue too many banknotes, so that paper money is constantly circulating in the market, and constantly promote all kinds of "price" to measure all the ups and down. Including land, including garlic, including basic living expenses, and so on
remember that bubbles are procts of massive currency issuance, not just one thing.
6. Some people will make money, some people will be caught dead, but do not worry about long-term
7. no In a healthy financial market, price always fluctuates around value. When the price of a commodity far exceeds its true value, we call it the bubble, and the bubble will burst when it can not sustain it. First of all, bitcoin is not a commodity, on the contrary, it is a price measurement tool, just like RMB and US dollar; Secondly, at present, the price of bitcoin converted into legal currency is not too high, and all legal currencies are issued under the control of the state and the central finance or the central bank and are manufactured artificially. Therefore, if it is in line with the national private interests, the country will issue a large number of additional legal currencies. This led to the devaluation of the currency. Bitcoin doesn't have this problem. It's a computer program. No matter what happens, there are only 21 million bitcoins in the world. Compared with its bubble, I support the future that it will replace a wide variety of French currency into a popular world currency, because unlike the US dollar, the euro is different from it, and it does not need to be converted into its own currency, anyone can use it. However, we should also pay attention to that if bitcoin is to be used as an investment means, it is suggested to control the position well, and the ultimate goal of any investment is to make our life happier. So you can't put all your eggs in one basket. At the same time, when you invest, you should choose a good place (Qube, bitmex, coin an and fire coin are relatively stable at present). A hacker attack will make your assets go bankrupt; Finally, we should choose reliable wallet for storage to avoid theft.
8. Hello,
just need refers to something that is indispensable and irreplaceable
bitcoin and many other competitive currencies such as ether currency, so it is not just demand,
bubble, depends on whether the actual price is greater than its value.
just need refers to something that is indispensable and irreplaceable
bitcoin and many other competitive currencies such as ether currency, so it is not just demand,
bubble, depends on whether the actual price is greater than its value.
9. I also hold bitcoin, but generally speaking, it is not very pessimistic. However, it can be expected that it will eventually have a peak. As for where this point is, it can be said that it has not been revealed in the past two years
actually, I am not clear about the technological development of bitcoin, but its financial logic can still be followed by rules, that is, the history of modern paper money
judging from the development history of modern paper money, it first originated from European financial banks or bank notes of early banks. Its issuance is based on the savings of users, and the holder can cash it at any time with the bank notes (exchange the bank notes for gold, silver and other precious metal currencies). However, only the banks can really grasp the information of the real reserve amount. Therefore, under the condition of asymmetric information, banks often issue bank notes in excess of the reserve amount for external borrowing and investment under the condition of good capital turnover, and recover the principal and interest when the debt matures, which can be described as a typical "white wolf with empty hands". In this process, the maintenance of banknotes depends on two aspects: one is the material basis of bank reserves, and the other is the public trust in the bank. The relationship between the two is complementary: imagine that a bank with poor credit can not attract deposits. The bank with good credit can attract deposits, and the more deposits it can attract, the more reserves it will have, The more banknotes that can be issued, the greater their financial influence, and in turn, the better their credit. However, with the deepening of social and economic control of bank vouchers, the degree and risk of bank bond bubble based on credit are increasing. Therefore, the risks to the macro economy and society are increasing day by day, and the potential risks posed by the political power authorities are also improving. As the first central bank in history, the Bank of England was born, and its significance is also in this. Legal money (current paper money) can be issued and circulated through the central bank. Of course, as in the era of banknotes, on the one hand, the issue of legal money is based on the reserve of the central bank, but it is also frequent that the issue of legal money exceeds the reserve in order to achieve a certain purpose of the government (such as stimulating social and economic development, making up the government deficit, etc.). Therefore, in the long run, inflation is an inevitable economic trend in a stable and developing normal society. It should be noted that with the development of the legal currency system, the state has stopped cashing legal banknotes in the form of legislation, and precious metals such as gold and silver have changed from the original functions of both currency (gold and silver currency) and commodity (gold and silver crafts) to the function of commodity for investment and value preservation in modern society, The legal paper money issued by the central bank has become a value symbol based on the authority's credit
therefore, we will examine the financial logic of digital currency led by bitcoin
the issue of bitcoin does not depend on a specific organization, but on the mining behavior of miners, that is to say, its issue is not controlled by an indivial organization, which determines the public attribute of the issue of bitcoin. Similarly, because of its public nature, no institution or indivial can provide reserve for its issuance. From this point of view, bitcoin is a symbol without value basis. However, e to a wide range of social participation, the public's trust in the special currency has formed the value base of its symbols. When the social participation is higher, the wider the scope of participation, the stronger the foundation, and even become a value symbol beyond a country or a region or even the whole world. Its complete credit attribute determines its complete bubble attribute. From this point of view, the risk is far greater than that of banknotes hundreds of years ago. There are two sources of credit in the inspection period. One is the public participation in investment, that is, the so-called "speculation", which shows great instability; The other is the strong belief of technology circles and some people in the currency circle in the technology behind digital currency, and this part of credit is relatively stable. From the current situation, the former constitutes the main body of the current bitcoin credit. Therefore, with the changes of government policies and investment market activities, the price of bitcoin presents great volatility. It is right to define it as investment goods rather than money
but is this bubble necessarily broken? This is not the case. As the former said, its credit base comes from two aspects, and at present, the first aspect is the main body. In the short term, the constant hype on the topic of bitcoin and the popularity of the blockchain technology behind it will further stimulate the public's participation and belief in technology, thus stimulating the improvement of bitcoin's credibility and strengthening its credit foundation. However, as time goes on, the price of bitcoin will continue to expand, and the entry threshold will also increase, which will largely limit the public participation of bitcoin. Finally, the participation of bitcoin will be limited to a small scope. That is to say, the trend of its development itself will damage its first aspect of credit base, Therefore, it is very likely that the price of bitcoin will reach the peak at a certain price in the future, forming a very high investment threshold. The price will hover at a certain high level, and its profit margin as a means of investment will be reced. Of course, if we consider the inflation of the French currency, we can think that the price of bitcoin will continue to rise slowly after a certain high. However, in the first place, credit expansion will also affect the development of credit technology in second aspects, which will probably lead to changes in its credit composition, and its price will graally stabilize, and its bubble attribute will also graally decrease, but it will not disappear absolutely, nor is it bubble burst. It always maintains the function of investment procts.
however, as in the history of banknotes, bitcoin's deepening influence on social economy will inevitably attract the attention of the authorities, thus forcing the authorities to take measures for control. The general direction of these measures depends on the degree of development of the concept and technology of digital currency, that is, the higher the degree of acceptance of the concept and technology, the more likely the authorities are to take compliance measures, so as to promote competition between legal digital currency and current digital currency through various means (economic means, financial means and legislative means), This is just like the competition between banknotes and banknotes hundreds of years ago. It can be predicted that if the value form of digital currency is recognized by the authorities and put into practice, it is likely to stimulate the overall rise of the price of digital currency in the short term to a certain extent; The implementation of legal digital currency (some people call it digital legal currency) is endorsed by the authorities, which will attract more funds and credit into the field of digital legal currency. As a result of these changes, the credit pattern of digital currency has changed and the inevitable digital legal currency has entered the circulation field, it is very likely that in addition to a few digital currencies with strong and firm credit will be transformed into "the role of precious metals in the era of digital currency", other digital currencies, especially the so-called digital currencies of ICO nature, Like the mixed banknotes issued by various banks hundreds of years ago, it is very likely that they will basically withdraw from the market and eventually form a digital currency pattern of "digital legal currency digital precious metal currency". This process will finally complete another transformation of monetary development in human history.
actually, I am not clear about the technological development of bitcoin, but its financial logic can still be followed by rules, that is, the history of modern paper money
judging from the development history of modern paper money, it first originated from European financial banks or bank notes of early banks. Its issuance is based on the savings of users, and the holder can cash it at any time with the bank notes (exchange the bank notes for gold, silver and other precious metal currencies). However, only the banks can really grasp the information of the real reserve amount. Therefore, under the condition of asymmetric information, banks often issue bank notes in excess of the reserve amount for external borrowing and investment under the condition of good capital turnover, and recover the principal and interest when the debt matures, which can be described as a typical "white wolf with empty hands". In this process, the maintenance of banknotes depends on two aspects: one is the material basis of bank reserves, and the other is the public trust in the bank. The relationship between the two is complementary: imagine that a bank with poor credit can not attract deposits. The bank with good credit can attract deposits, and the more deposits it can attract, the more reserves it will have, The more banknotes that can be issued, the greater their financial influence, and in turn, the better their credit. However, with the deepening of social and economic control of bank vouchers, the degree and risk of bank bond bubble based on credit are increasing. Therefore, the risks to the macro economy and society are increasing day by day, and the potential risks posed by the political power authorities are also improving. As the first central bank in history, the Bank of England was born, and its significance is also in this. Legal money (current paper money) can be issued and circulated through the central bank. Of course, as in the era of banknotes, on the one hand, the issue of legal money is based on the reserve of the central bank, but it is also frequent that the issue of legal money exceeds the reserve in order to achieve a certain purpose of the government (such as stimulating social and economic development, making up the government deficit, etc.). Therefore, in the long run, inflation is an inevitable economic trend in a stable and developing normal society. It should be noted that with the development of the legal currency system, the state has stopped cashing legal banknotes in the form of legislation, and precious metals such as gold and silver have changed from the original functions of both currency (gold and silver currency) and commodity (gold and silver crafts) to the function of commodity for investment and value preservation in modern society, The legal paper money issued by the central bank has become a value symbol based on the authority's credit
therefore, we will examine the financial logic of digital currency led by bitcoin
the issue of bitcoin does not depend on a specific organization, but on the mining behavior of miners, that is to say, its issue is not controlled by an indivial organization, which determines the public attribute of the issue of bitcoin. Similarly, because of its public nature, no institution or indivial can provide reserve for its issuance. From this point of view, bitcoin is a symbol without value basis. However, e to a wide range of social participation, the public's trust in the special currency has formed the value base of its symbols. When the social participation is higher, the wider the scope of participation, the stronger the foundation, and even become a value symbol beyond a country or a region or even the whole world. Its complete credit attribute determines its complete bubble attribute. From this point of view, the risk is far greater than that of banknotes hundreds of years ago. There are two sources of credit in the inspection period. One is the public participation in investment, that is, the so-called "speculation", which shows great instability; The other is the strong belief of technology circles and some people in the currency circle in the technology behind digital currency, and this part of credit is relatively stable. From the current situation, the former constitutes the main body of the current bitcoin credit. Therefore, with the changes of government policies and investment market activities, the price of bitcoin presents great volatility. It is right to define it as investment goods rather than money
but is this bubble necessarily broken? This is not the case. As the former said, its credit base comes from two aspects, and at present, the first aspect is the main body. In the short term, the constant hype on the topic of bitcoin and the popularity of the blockchain technology behind it will further stimulate the public's participation and belief in technology, thus stimulating the improvement of bitcoin's credibility and strengthening its credit foundation. However, as time goes on, the price of bitcoin will continue to expand, and the entry threshold will also increase, which will largely limit the public participation of bitcoin. Finally, the participation of bitcoin will be limited to a small scope. That is to say, the trend of its development itself will damage its first aspect of credit base, Therefore, it is very likely that the price of bitcoin will reach the peak at a certain price in the future, forming a very high investment threshold. The price will hover at a certain high level, and its profit margin as a means of investment will be reced. Of course, if we consider the inflation of the French currency, we can think that the price of bitcoin will continue to rise slowly after a certain high. However, in the first place, credit expansion will also affect the development of credit technology in second aspects, which will probably lead to changes in its credit composition, and its price will graally stabilize, and its bubble attribute will also graally decrease, but it will not disappear absolutely, nor is it bubble burst. It always maintains the function of investment procts.
however, as in the history of banknotes, bitcoin's deepening influence on social economy will inevitably attract the attention of the authorities, thus forcing the authorities to take measures for control. The general direction of these measures depends on the degree of development of the concept and technology of digital currency, that is, the higher the degree of acceptance of the concept and technology, the more likely the authorities are to take compliance measures, so as to promote competition between legal digital currency and current digital currency through various means (economic means, financial means and legislative means), This is just like the competition between banknotes and banknotes hundreds of years ago. It can be predicted that if the value form of digital currency is recognized by the authorities and put into practice, it is likely to stimulate the overall rise of the price of digital currency in the short term to a certain extent; The implementation of legal digital currency (some people call it digital legal currency) is endorsed by the authorities, which will attract more funds and credit into the field of digital legal currency. As a result of these changes, the credit pattern of digital currency has changed and the inevitable digital legal currency has entered the circulation field, it is very likely that in addition to a few digital currencies with strong and firm credit will be transformed into "the role of precious metals in the era of digital currency", other digital currencies, especially the so-called digital currencies of ICO nature, Like the mixed banknotes issued by various banks hundreds of years ago, it is very likely that they will basically withdraw from the market and eventually form a digital currency pattern of "digital legal currency digital precious metal currency". This process will finally complete another transformation of monetary development in human history.
10.
in terms of price, bitcoin and various "cat coins" (all the encryption currencies outside the bitcoin system) are in the bubble. But in terms of value, bitcoin is not. Davis said that although bitcoin is a speculative transaction, it is still valuable
Davis said that if you bet on bitcoin, you bet on the value exchange provided by the Internet. The Internet exchanges information through various protocols, just as people use bitcoin to buy a commodity or exchange for the service they want. Therefore, if the number of people using bitcoin is increasing, the value of the Internet will continue to grow
the price of bitcoin continued to rise this week. According to data from coindesk, the trading price of bitcoin broke through 12000 US dollars for the first time on Wednesday (December 6) morning Beijing time. Because of the large increase in bitcoin, executives of some large banks call bitcoin "bubble". Bitcoin has risen more than 1000% since the beginning of the year
Davis' company currently allows people to pay in the form of "electronic gold" instead of bitcoin. Users can link their MasterCard debit card to glint's app, and then do what they want: buy the goods and services they need, even transfer money. Bitcoin is an exchange of value provided by the Internet, but it cannot be used as a means of payment like gold, the executive said< br />
Hot content