1. It is easy to understand that the main reason is that the negative impact on China's economy and society is unforgivable. First of all, these computer geniuses have a good desire to create algorithmic
digital currency, but because it has no value base, the consideration of
bitcoin is dominated by underground economy from the beginning, and then it becomes a tool for speculation. Secondly, every surge of bitcoin is related to Chinese speculators, which is basically the result of domestic speculation and malicious speculation. This kind of malicious speculation not only has a serious impact on China's financial market, but also creates conditions for many illegal funds to flee. Third, bitcoin and other algorithmic currencies have never served the real economy in China, and have promoted the development of the real economy. On the contrary, let the funds serving the real economy flow into the market for speculation, which has a serious crowding out effect on the real economy. Fourth, under the above circumstances, bitcoin and other so-called "algorithmic digital currencies" will surely become increasingly tools for money laundering, drug trafficking, smuggling, illegal fund-raising and other illegal and criminal activities, and the responsible government must absolutely own this market.
2. bitcoin miners will mine 18 million bitcoins this week, and only the remaining 3 million bitcoins will be released before mining stops in 2140 At the same time, the composition of bitcoin holders is changing. This week's data shows that in 2019, there will be more and more BTC addresses with a balance of more than 1000. Previously, e to the downturn in the market, investors showed less interest, and this year's address balance trajectory has changed compared with that of the past five years. Before the collapse of Mt. GOx in early 2014, wallet holders increased their balances to more than 1000 BTC at a similar rate
commentators said at the time that the motivation of hoarding bitcoin came from the curiosity in technology. In view of the current price of BTC / USD, financial incentives reverse the activity of bitcoin hoarding by holders in 2019< br />
3. It can't be simply attributed to the exchange. Sometimes there are sudden short-term fluctuations, and the exchange does participate. But the main topic is about the monthly time span, which is difficult for the exchange to control. It is more the result of the joint operation of hot money and large institutions. However, the sharp decline of the overall currency value can't be separated from the basic economic principle: the relationship between supply and demand, This is beyond anyone's control
4. Digital currency is possible, but it is impossible to think that it is the only form of currency. Money has never been just a carrier form. Now that more money is used, we think that money is the only money. We can change it into electronic mode.
5. Where are the five or three exchanges? They are just deceiving themselves. BTCC is OK. People who don't have a bit of bitcoin history can't find its spray point. It's one of all the rotten peaches that is not too bad; As for Huabi, the title of "cancer" in the instry is not in vain. However, the sharp rise and fall of bitcoin in China are all caused by Huabi. The best example is the sudden drop of Leyte coin from more than 100 yuan to 1 yuan in early 2014. This wave of harvest by Huabi is really awesome; As for okcoin, the whole company, from Xu Mingxing to its employees, is a liar. From 2013 to now, countless scandals have been proved. As for the forgery of transaction volume, false Reserve Certificate, internal employee transactions, and forged contracts, you can see Zhao CHANGPENG and Xu Mingxing's press conference. Save money to okcoin? How dare you! In addition, btctrade, chbtc, Yunbi, btc100, bter, btc38 and so on, basically have nothing to say. They have done the bad things that the first three exchanges have done, and they have done the bad things that the first three exchanges have not done. In the future, we can only fool novices who don't understand bitcoin. Now that we have said so much, let's talk about some foreign ones. Let's not talk about US dollars. Anyway, the landlord can't use them. We only talk about the ones that support RMB trading: the earliest offline trading platform of local bitcoin has the advantage that you don't need to risk the misappropriation of funds by the platform, that is, you can buy and sell them, and bitcoin can get to the account quickly; The disadvantage is that the price is increased by 2-10% on the basis of the general market price, and the arrival of RMB is slow. Lakebtc service center is located in a global exchange in Shanghai. At first, all transactions were charged. Later, we saw that domestic exchanges are free, so RMB transactions are free. The advantage is that there are almost no scandals. It's a rare platform for quiet trading in the circle. The disadvantage is that the Chinese language used to come and go, which didn't exist in the beginning, then existed, and now disappeared. Anx, a global exchange headquartered in Hong Kong, supports many currencies. However, from global BTC to mycoin and hkcex, it may be because there are too many fraud companies in Hong Kong. There are few discussions about anx not only at home but also abroad. Perhaps anx itself feels that it has been lukewarm in the bitcoin circle, and it seems to be developing to other types of transactions recently.
6. After the closure of domestic exchanges, the exchange of legal currency and
virtual currency has been restricted, prompting more and more investors to choose currency trading for a new round of investment. In this case, bitcoin, which has the highest degree of credit and recognition, naturally becomes the exchange medium, similar to the world currency US dollar
at the same time, the role of bitcoin as a medium of exchange is becoming more and more important, graally replacing the role of RMB before closing the exchange. The transaction of bitcoin has promoted the process of legalization of bitcoin, which is one of the reasons why the price of bitcoin has soared one after another.
7. With the help of the Central Committee, many functions of the exchange have been restricted. Now the withdrawal of currency is directly prohibited. Of course, the trading volume is reced.
8. since the moment bitcoin plummeted, the myth of the coin circle has been shattered. People have seen the risk of bitcoin speculation and no longer believe in the myth that bitcoin will rise forever
since the birth of bitcoin, its price has been rising all the way from a few cents to more than 60000 US dollars. Some investors even believe that bitcoin will continue to rise to hundreds of thousands of US dollars. However, although bitcoin has increased a lot, it has also accumulated risks. More and more people burst their positions in the process of hyping bitcoin, resulting in the loss of money
First, bitcoin prices plummeted, increasing the risk of speculation< p> The price of bitcoin has plummeted, from more than $60000 to less than $50000, which has caused many people who speculate in bitcoin to burst their positions. These people not only failed to make money by speculating in bitcoin, but also lost a lot of money
the sharp drop in the price of bitcoin actually proves that the risk of speculation behind bitcoin is increasing. Many investors want to be safe and don't care about the future price, so they sell bitcoin, which leads to the decline in the price of bitcoin in the market{ RRRRR}
the myth of bitcoin collapsed in the crash, and people recognized the risks behind it. If you have any other opinions, please leave a message to discuss
9. I feel that the price is basically stable now, so I can buy it. Novices can register at the special currency exchange first, and recommend okex in China. At present, the security and trading volume are leading in the world. While understanding the market, they can make preparations for the investment again. When they decide to buy, they can buy it directly. Now okex can buy bitcoin in one minute, It's more suitable for novices.