Economic crisis of digital currency
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.
but everything has two sides, there is a good side, there is a bad side for example, if there is a large-scale economic crisis in the future, how can we promulgate relevant solutions to the e-money that we are not familiar with? We have been using paper money for a long time. Although we can't completely control the economic crisis, we still have relevant experience, but we don't know anything about electronic money
No
China global currency is an imitation of GEC, with the same interface and mode as GEC. It is a new currency trading financial investment platform. China global currency is a kind of virtual currency, which is not protected by law
the digital currency of the central bank is issued by the Central Bank of China, which is a digital form of legal currency. It is essentially the same as cash and has national credit. Digital currency adopts the block chain technology as the transaction mode, which has the characteristics of centralization and does not need any centralized organization similar to the clearing center to process data
extended information:
precautions for the use of digital currency:
under the framework of legal digital currency, the central bank has more direct power to regulate the money market. In the case of legal digital currency, the balance sheet of the central bank is likely to expand substantially. But in the economic crisis, financial crisis, the central bank must provide more liquidity support to commercial banks
as long as the deposit of legal digital currency meets the conditions, it is easy for users to withdraw the deposit, which will cause a payment crisis of a bank, and cause a chain reaction, which may promote systemic financial risk
The global economic downturn makes us panic. With the advent of the financial crisis, since 2008, the economy has become more and more prosperous. Now, affected by the epidemic situation and the U.S. economy, the shock of the stock market makes us panic. We are looking for a way out one after another and want to invest in something to keep our value< I think that if the financial crisis comes, the things that can be invested to keep the value are gold, bonds, stocks, daily necessities, land and houses{ Third, house, land, daily necessities, etc house and land, I think, is an eternal topic. After all, there are more people and less land. House and land have always been the most expensive in China. Therefore, when the economy is depressed, we can call Xie Xin's economic environment poor, and then use the money on hand to buy some real estate or land. When the economy recovers, we can wait for the price to rise, There is also the possibility of investing in some daily necessities, because when the economy is depressed, people's spending will be reced, so they have to use daily necessities, so they will not be greatly affected, so there will be a good income from investing in this aspect
everyone has different views on the economy and will choose some different ways to avoid risks. In fact, in my opinion, in addition to investing in the above kinds of things that are relatively safe, it's better to keep some cash in hand, because it can't be avoided at any time; Cash is king; This is a fact, but we can't just put the money in the bank, because we should all find that the interest rate is getting lower and lower now, so it is very likely that the interest rate will shrink a lot when there is no interest, and no one can guarantee what will happen in the future under the current economic turmoil
1
bitcoin (BTC) is a digital currency with a total amount of 21 million. It has the characteristics of decentralization, globalization and anonymity, just like the Internet. Transferring bitcoin to the other side of the earth is as simple, low-cost and unlimited as sending e-mail. Bitcoin is therefore used in cross-border trade, payment, remittance and other fields. Of course, Ethereum and wikilink have similar functions
as a new thing, it is widely concerned by investors, enterprises and media< Many international companies and large enterprises have begun to test the digital money market, and their prospects are still quite good.
③ investors are influenced by people who already hold bitcoin and are afraid to miss the opportunity to make money
in 2017, the market value of bitcoin has increased several times by the end of the year despite the price fluctuation, which is enough to make the farsighted players make a lot of money. This is enough to make the spectators who have been hesitant but have not made a move particularly envious. In 2018, more people will participate in it
④ some people have lost their keys, So as to rece part of the supply
⑤ large financial institutions such as CME, COBE and Goldman Sachs began to support digital currency
with the rapid development of digital currency, all the institutions that didn't hold high hopes for bitcoin began to support the development of digital currency
with the pressure of national supervision and the supervision of relevant departments on electricity consumption, the cost of mining is becoming higher and higher, and accordingly, bitcoin will also rise with the tide
7. There may be hoarding< Many people have seen the great potential of bitcoin, so it's no surprise to hoard money.
in countries with serious inflation, bitcoin is a safe currency.
influenced by many factors, the legal hand has a separate competent department, which is prone to economic crisis under the influence of many factors, but the digital currency has no separate issuing department, And because of its virtuality, it is hard to be affected by external factors, and its security is higher. Coin purse, as the leader of digital currency purse in the market, advanced encryption technology has become multi-functional, simple and easy to operate. Players can choose and use it as the ideal purse for storing digital currency
9. Due to anonymity, illegal activities will continue to generate demand for special currency
the anonymity of digital currency determines that many illegal organizations will use bitcoin as an important means of transferring property to launder money, because there is no trace
At present, the entire digital currency has a very big risk, and the entire digital currency is also strictly controlled by various countries. Therefore, those who want to invest in digital currency should consider it carefully{ RRRRR}
and at present, the whole digital money market is also very hot, and the price of the whole digital money is soaring. Although there is a certain price fluctuation in the middle, the overall level is still at a relatively high level, which is also the most worrying thing for many countries. If the whole money market collapses, It is likely to cause a certain economic crisis