Financial management with digital currency
at present, most of the larger digital currency exchanges, such as binance, coinbase, Kraken and bitfinex, are abroad, and even some exchanges have stopped registering new users, which makes it inconvenient for domestic users to buy. If you want to invest in digital currency, there are also some digital currency P2P trading platforms which are located overseas but provide Chinese services. However, we should pay attention to the risks and whether the platform is safe and reliable
in fact, there is only a line between investment and speculation in digital currency. Although judging from the price changes in the past few years, such projects have the characteristics of high return, compared with the existing investment channels, such projects also have very high risks. It can be expected that some countries will issue digital currency with public power endorsement in the future, but we can't make a clear judgment about the future trend of the existing digital currency. But whatever you do, you need to be aware of the risks.
Any investment market, stock, fund, digital currency, in the long run, the trend is rising,
asset allocation
if you invest all your money in digital currency, you are not willing to sell in a bull market, because you don't earn enough, even if you are 10 times, because you want to be 20, 30, 50100 times,
suddenly turn into a bear market, and you are not willing to sell in the beginning, To the contrary, if you make 10 times the profit, it will go up
but you don't know that when the bear market comes, it will keep falling, and eventually it will drop to 50% of your principal loss.
at this time, you know that as long as you insist, the bull market will come back.
many coins fall below the issue price, which is too cheap. You want to buy them, but you have no money.
after a few months, the bull market comes, but you have no money.
you watch it rise all the time, I regret that I knew I shouldn't have borrowed money to money at that time. If I had spare money, I would have money, and it would not affect my life, and I could enjoy the wealth growth brought by the bull market
for retail investors, if they can't listen to the wind is the rain, they should dialectically analyze the market news. If they are optimistic about the projects within their risk tolerance range, they can continue. If they can't, they should not continue
according to coinsmart, on November 25, 2018, bitcoin once again fell below the $4000 mark to $3600. Since this month, many media have said that digital currency has evaporated hundreds of millions of assets. However, coinsmart noticed that when bitcoin fell to $3600 on the 25th, there were already many large transactions, and more than 10000 BTCs were trading, so the $3700 transaction price could be backed by big institutions or exchanges
as for the decline of digital currency, is it a good opportunity to the bottom or is it completely abandoned? Different from person to person, investment risk, personal tolerance range, but also optimistic about the digital money market, can be in the low position; But those with low enrance should not enter the arena.
It can not be said to be a fraud, but there are certain risks, because digital gold currency is a form of physical currency, and its deposits are measured in gold rather than legal currency. Therefore, the purchasing power fluctuation of digital gold currency is related to the gold price. If the price of gold goes up, it becomes more valuable. If the price of gold goes down, it loses value
since there is no specific financial regulation to regulate digital gold money suppliers, they operate in a self-regulation way. Digital gold money suppliers are not banks, so banking regulations are not applicable
extended data
to explore the connotation of digital currency, we must clarify some concepts of model lake. For example, is it legal digital currency dominated by the central bank or illegal private fixed digital currency; Encryption of digital currency or electronic currency; Is it "selling dog meat with sheep's head"; "Bad money"
new technology does make the conceptual boundary of money more blurred. Theoretically speaking, the new monetary economics points out the possibility of the disappearance of money, that is, legal paper money is no longer the only medium of transaction, and is eventually replaced by financial assets issued by the private sector that generate monetary income
in reality, although the status of fiat money is still unshakable, there have been various local scenes of private money in history, such as the universal warra system in Germany in the 1920s. Now the digital currency with the characteristics of decentralization makes the challenge of private currency increasingly prominent< br />