Danish bitcoin

3. Bitcoin, as a form of currency independent of governments, has the possibility of disturbing the normal financial order, which makes governments fight against bitcoin. For China, which pays more attention to the central authority and financial security, it will strengthen the ban on bitcoin. In other words, even if bitcoin can survive, the possible place is not China, because we have always adopted a more cautious and safe attitude towards the supervision of similar financial procts.

4. Not only are gold and bitcoin irrelevant, they even represent different asset classes. You can't compare bitcoin and gold as apples and oranges
Shelley Goldberg, a well-known investment consultant working for brevan Howard asset management and Roubini global economics, believes that as an analogy, it is like soybean futures and Intel stock. Many people may think that gold and bitcoin are both currencies because they can be used to buy goods and services. Or, both are commodities, because trading commodity futures needs to meet the minimum standards of account opening funds, and comply with the relevant futures and option contracts. But gold is a commodity, bitcoin and blockchain are technologies
in what unit are abstract things measured
Stefan Weiler, vice president of goldmoney, a global financial services and technology company, believes that gold is real and has physical and measurable natural advantages, rather than abstract man-made money, including fiat money. Therefore, gold has measurable mass and weight to determine its unit (gram, Troy, ounces, etc.). But bitcoin doesn't have this feature. Weiler pointed out that "abstract things can only be measured in their own units.". So the bitcoin value of "weighing" is literally not comparable to the value of gold
Stefan has worked in the world's top financial institutions for more than 10 years. He was senior director of commodity strategy at Goldman Sachs and research director of commodity hedge fund BBL commodities. In 2014, the hedge fund gained 51.3% return and won the title of "new fund of the year"
Weiler explains this problem by comparing the units between bitcoin and gold:
when comparing the units of gold and bitcoin, we must first define which unit to measure, gram... Kilogram... Or ton? Or ounces? Weiler uses the market capitalization of the two companies (apple (NASDAQ: AAPL) and seaboard (nysemkt: SEB) as a metaphor to illustrate how unit size / amount distorts the price: comparing the price of a unit of bitcoin and an ounce of gold is a bit like comparing seaboard's shares (US $4179 per share) with Apple's shares (US $116 per share), and concludes that, Seaboard's market value is about 35 times that of apple. Considering only the stock prices of the two companies without considering the shares (i.e. units) issued, it is obviously not enough. Weiler believes that a similar situation will occur when comparing gold and bitcoin
neither is money
by definition, money is a widely accepted means of payment as a medium of exchange. The classification of gold as a commodity currency goes back a lot to the early days of capitalism, when people could trade gold for cattle. But this model doesn't work because gold is often in short supply. Gold is a tradable tool and asset-backed currency, because it can be exchanged for a certain amount of US dollars, but if you take the gold nugget to the grocery store to buy something, the grocery store will not sell it to you. Unless we go back to the Bretton Woods system when gold was fixed against the US dollar, gold is not directly linked to any currency
there is no doubt that bitcoin is becoming an acceptable means of payment both offline and online, such as offline stores, home depot and online transactions, such as expedia.com, which are also accepted by many countries, such as Estonia and Denmark. But it is still not widely accepted around the world
money is national legal, which means that each Congress uses it in monetary policy. The Fed can print as many dollars as it can to stimulate the economy. At present, more than 50 banking organizations in the world have joined the R3 blockchain alliance, but bitcoin does not rely on the government, banks and other third parties
unlike money, both gold and bitcoin are in limited supply. The gold supply of the earth depends on the underground reserves, and the creation limit of bitcoin is 21 million
Goldberg believes that although the value of bitcoin exceeds that of gold for the first time, there is no comparability between bitcoin and gold
the two are not irreplaceable
gold was first used around 700 BC, and after that, nothing with the same properties as gold has been found or created. Metallurgists have made alloys that look and feel like gold, but they are not gold because they do not meet physical delivery standards. Bitcoin, on the other hand, has numerous alternatives, because countless "altcoin" cryptocurrencies have sprung up to challenge it, such as Ethernet, which follows Casper rules
according to cryptocoincharts, the market value of 3694 cryptocurrencies has reached 27.8 billion US dollars. Of course, bitcoin has an overwhelming market share, but who knows what other cryptocurrency popularization or some technology will challenge and destroy the current market in the future. Not long ago, many bitcoins were stolen from Mt. GOx exchange. Last summer, a project using blockchain technology was hacked and lost millions of dollars. So there is still room for improvement
gold is a commodity, but bitcoin is not. Gold is a basic commodity or hard asset that can be used in business, and it can be used as a material to proce other commodities. People can also use gold for physical delivery and then make it into some other form for use. Although bitcoin is storable, it is not physical and cannot be held, felt or transferred. " Goldberg said
are bitcoin and gold risk averse
for centuries, gold has been regarded as a safe haven asset or used as a hedge against inflation, but this attribute is not permanent, because there are many alternatives, such as the Swiss franc and tips. Bitcoin is different. In fact, China's three largest bitcoin exchanges recently stopped withdrawing money under pressure from the people's Bank of China for fear that bitcoin would be used to transfer money abroad. Bitcoin has not experienced inflation since its birth, so its anti inflation property has not been verified< However, they are similar. Shelley Goldberg believes that bitcoin and gold are rare, their prices may be volatile, and each serves as an alternative investment to those lacking confidence in legal tender and monetary policy. Bitcoin trading is not as easy as gold, because people have to buy bitcoin through online trading platforms or invest in over-the-counter bitcoin trusts. There may be a bitcoin ETF in the near future, as the US Securities and Exchange Commission is considering a proposal to launch an exchange traded fund backed by bitcoin. A final decision will be made by this Saturday
on February 14, SEC officials met with brother Tyler Winklevoss and brother Cameron Winklevoss, advocates of bitcoin ETF, to discuss the above proposal. The market expects that once bitcoin ETF is listed, it will attract a large amount of capital investment, reaching at least $300 million. With this development, bitcoin will become an easier trade
cryptocurrency supporters believe that bitcoin is the medium of exchange and storage value in the future. However, the volatility of bitcoin is a problem when only the downlink deviation is measured instead of the standard deviation& quot; This method better shows the risks of bitcoin becoming a widely used currency, "Weiler said

in his analysis, Weiler believes that "the volatility of bitcoin is significantly higher than that of gold and currency
Weiler believes that although bitcoin's short-term performance is impressive, it still has serious limitations in terms of utility and savings compared with gold and precious metals. At the same time, Shelley Goldberg also believes that the relative value of bitcoin is basically nothing except speculation. In addition to the expectation that trump will relax the financial regulatory environment in the United States, China, India, Venezuela and other countries have tightened the supervision of bitcoin. Therefore, with the currency instability in emerging markets, the uncertainty of Trump's policy and the expectation of stock market adjustment, there are still good reasons to buy gold.

5. On May 12, 2017, wannacry, a global computer blackmail virus, broke out, affecting more than 150 countries. 75000 computers were infected, and 99 countries were attacked, including the United Kingdom, the United States, China, Russia, Spain and Italy. On May 17, 2017, the National Computer Virus Emergency Response Center and Asia Information Technology (China) Co., Ltd. jointly monitored and found that a new variety of blackmail virus named "uiwix" appeared in foreign countries, reminding domestic users to be on guard. On June 28, 2017, the blackmail virus Petya attacked many countries. Petya virus locked a large number of computers and required users to pay $300 in encrypted digital currency to unlock them
on the evening of June 29, 2017, Petya, a new blackmail virus, was found in Ukraine, Russia, Spain, France, Britain, Denmark and other countries. On July 4, 2017, Ukrainian police confiscated the server of an accounting software company in Ukraine, which was suspected of spreading the blackmail virus that paralyzed the computer systems of many large companies around the world.

6.

If you go back to seven years ago and choose a new investment opportunity, you will choose to invest in stocks, and then wait for the 15 year bull market to multiply your assets; They may also invest in real estate, and then wait for the real estate outbreak in 16 years to double their assets. However, if we chose to invest 10000 yuan in bitcoin seven years ago, we could sit on 66.2 billion yuan in 17 years, a rise of more than 6 million times

as we all know, the currency market in 2018 was a tragic year. At the beginning of 2018, the price of bitcoin was at the highest level in history, and the concept of blockchain began to heat up. A lot of people who originally belonged to the outside circle swarmed in to participate in entrepreneurship, employment and money buying. The prospect of the currency market seemed to be very good. Later, as we all know, as the price of currency fell again and again, the newly established blockchain media fell down one by one, and those new people who followed suit to buy currency were trapped in a high position to discuss; Bitcoin& ldquo; Blockchain & quot; There's less and less sound in the room. The coin ring gives these new comers a sense of cruelty

More than 90% of the people are trapped here, and faith is a very strange thing; Like the queen in the last kingdom of American TV series, the Danes gather to attack, she still says & mdash& mdash; God will punish the infidels and calm down

last year, all digital currencies and ICO platforms were shut down in China, and all countries in the world have put restrictions on them. At this time, few ordinary holders are willing to sell, and they basically hold them. This requires great determination, life problems, currency speculation problems, all kinds of problems may cause no longer hold; These problems cause a lot of trouble, so many people do not live well. After half a year, the instry that countries all over the world have entered is & lt; Blockchain & quot; And digital currency! In the game of blockchain, many countries have made some moves, and the holders are also on the sidelines

7. 2016 is indeed a "bull market" for bitcoin. On December 13, according to the data of the bitcoin trading platform huocoin.com, the price of bitcoin once exceeded 5500 yuan, with the highest price reaching 5534 yuan. It not only reached a new high in the year, but also has increased by 135% since the beginning of this year
this week, the US Federal Reserve's monetary policy meeting will decide whether to raise interest rates for the second time since the zero interest rate policy, which is of great concern to the market. According to the CSE fed watch tool, traders currently predict that the probability of the Federal Reserve raising interest rates in December this year will reach 97%. In December last year, the Federal Reserve raised interest rates for the first time in nearly 10 years, starting the interest rate increase cycle. Although the market has repeatedly expected to raise interest rates, it has not raised interest rates once so far this year, and the market's expectations have failed again and again
high interest rates will attract more foreign investors to invest in foreign exchange, and the demand for us dollars will rise. So how will bitcoin respond to changes in the US interest rate market
in fact, the Fed's interest rate increase has already been seriously spoiled, and it is a high probability event. Fire currency special analysts believe that the Federal Reserve is very likely to raise interest rates, which seems to suppress safe haven assets such as gold and bitcoin and support US bonds and the US dollar. However, e to the strong visibility of this interest rate increase, the market has digested it ahead of time< According to Zhu Jiawei, the COO of fire coin, "this year is a bull market for bitcoin. The promotion of the concept of blockchain and digital currency, the change of domestic investment environment and the development of bitcoin application have all created good conditions for bitcoin investment."

whether bitcoin is a great internet financial experiment or a Ponzi scheme dominated by geeks, bitcoin has become the most popular Internet virtual currency in the world. Looking back to 2013, bitcoin had a great reputation. Its price once surpassed gold and even exceeded $1100. However, in 2014, bitcoin saw a sharp drop of more than 70%. This year, bitcoin prices have soared many times. At the end of May this year, the price of bitcoin rose sharply. In the three days from May 27 to 29, the price of bitcoin rose from about 2950 yuan to about 3800 yuan, an increase of more than 25%. In mid June, the price of bitcoin once exceeded 5000 yuan, and the price of US dollar once exceeded 750 US dollars, reaching a new high since the beginning of 2014
according to some analysts, there are different reasons for the comeback of bitcoin. From the macro level, bitcoin is also different from the past. In the past year, as the blockchain technology behind bitcoin has been widely recognized around the world, many countries have carried out legislation and supervision on bitcoin, objectively popularized bitcoin to more public groups, which has brought a better social environment for the development of bitcoin. The price of bitcoin is likely to exceed $2000 in 2017, according to a report from Saab bank in Denmark.

8.

Due to the real-time fluctuation of exchange rate, you can refer to the "real time exchange rate" of China Merchants Bank. Please go to the homepage of China Merchants Bank one net, and click the "real time financial information - real time exchange rate of foreign exchange" on the right to view (webpage link). The specific exchange rate shall be subject to the actual exchange rate

to query the historical exchange rate, click & quot; after the corresponding exchange rate; View history & quot;. Exchange rate fluctuations in real time, for reference only

you can also click on the right financial calculator - foreign exchange calculator trial calculation (webpage link) on the homepage of CMB, select the corresponding foreign currency and currency exchange type, input the amount calculation, and the data and calculation results of the foreign currency exchange calculator are for reference only. The actual results of business or transaction shall prevail

(response time: January 27, 2021, please refer to CMB's official website for the latest business changes)