Wall Street enters digital currency
Less than a month after Jamie Dimon, CEO of JPMorgan Chase, failed to beat bitcoin, bitcoin hit a new record. It not only regained the land lost last month, but also broke $5300 today
At JPMorgan's third quarter earnings meeting on Thursday morning local time, Dimon said he would not comment on bitcoin"I will not classify this (bitcoin) as the most important transaction category, but I will not discuss bitcoin any more." Damon said
bitcoin rose rapidly from less than $1000 at the beginning of 2017 to $4900 at the beginning of September. After that, bitcoin dropped rapidly from US $4900 to US $3500 in the first half of September, and then rebounded. Bitcoin has recovered its lost ground and broken through the US $5800 barrier
Dimon once had a similar but more intense evaluation that the circulation value of bitcoin is limited to a very small market P>
bitcoin's sharp price fluctuation, on the one hand, has attracted speculation about speculative asset bubbles in the market. On the other hand, it has attracted a lot of attention from investors and banks. p> In early October, some media quoted people familiar with the matter as saying that Goldman Sachs was considering directly carrying out market making transactions of bitcoin and other digital currencies, becoming the first Wall Street giant to prepare to directly trade digital currencies. Lloyd Blankfein, CEO of Goldman Sachs, later tweeted: "bitcoin is still under consideration. There is no conclusion, no support and no rejection. I know that when paper money replaces gold, some people will also be skeptical. "
a spokesman for Goldman Sachs said that it is exploring the best service for customers in the field of digital currency
since June this year, Goldman Sachs has begun to release bitcoin research reports, becoming the first large investment bank on Wall Street to release bitcoin price analysis. In an August report, Goldman Sachs said it has become increasingly difficult for institutional investors to ignore bitcoin and the virtual money market
James Gorman, CEO of Morgan Stanley, said at the end of September that bitcoin was definitely not just a fad“ Anonymous money is a very interesting concept, it provides privacy protection for people, it also has meaning for the central banking system. "
Abigail Johnson, CEO of fidelity, an asset management company that manages $2.3 trillion, has joined the ranks of bitcoin gold miners with practical actions. When Johnson attended the digital currency conference in September, she delivered a long speech, saying that her company not only studied regional chain technology, but also injected venture capital into many companies engaged in bitcoin related businessfidelity owns a bitcoin mining company through investment. Johnson himself has been engaged in bitcoin mining business for a long time, and he has a considerable amount of bitcoin
then, import the private key to open the wallet
then click transfer and enter the address to transfer.
In August 2014, the University of science and technology of China's new Alumni Foundation and the youth class Alumni Association jointly completed and released a survey of alumni professors in the youth class of University of science and technology of China. The survey shows that since the founding of the youth class of University of science and technology of China, more than 212 professors have been cultivated. Compared with before 2005, the proportion of "youth class professors" at home and abroad is higher, It has changed from "great contrast" to "extremely close"
Nowadays, this change is still going on, and more and more junior students choose to return. Among them, there are not only academic talents, but also enterprise elites in various instries"now the situation is different, and the number of people who stay in China for development and return home after study is increasing." Pang Huadong, who resigned from all his ties on Wall Street and returned home to start a business, said that the year he returned home to start a business has brought back his long lost enthusiasm
Chapter 4
Pang Huadong
students of grade 95 junior class of University of science and technology of China. The picture provided by the interviewee
because the students in the junior class are younger, their self-care ability is weak, and they are under great learning pressure, many students, like Pang Huadong, do not pay attention to the details of life. In the first semester, Pang Huadong didn't have a haircut, and his clothes couldn't be cleaned. When he came home ring the winter vacation, his parents were shocked by his appearance“ Long hair, ragged and dirty clothes, like a beggar. " Pang Huadong couldn't help laughing when he told Red Star news about this
through one year's adaptation, the students in the junior class found their own research directions. The University of science and technology is very free to choose a major, and students can change it at any time if they don't get used to it. Pang Huadong has been to biology department and computer department, but finally returned to his favorite mathematics department. A large part of the reason for learning mathematics is that he has to find self-confidence in the strong young class. Pang Huadong won the first place in the 5th mathematics competition of China University of science and technology. He regained his confidence“ At that time, I thought that I could finally get the first place in one subject. " Pang Huadong said
it's a trend to start a business in China
in 1999, Pang applied for the master's degree in the University of science and technology of China before he graated from the University of science and technology. Then he went on to study for a doctorate and went abroad for further study, and made enviable achievements in research and work
in 2017, Pang Huadong was elected as the new chairman of the Council of the Alumni Foundation of University of science and technology of China, so he had to find time to take care of Alumni Affairs. In Pang Huadong's view, this work can reach tens of thousands of alumni of China University of science and technology, guide younger students and younger students, and at the same time, open up new horizons and new ideas“ Alumni are involved in all walks of life. I don't have any strange fields now. Even if I have, I'll get it by calling my alumni. "
Pang Huadong said that according to his observation, most of the more than 1700 students who graated from the junior class set foot in more cutting-edge majors. Even if they did not engage in research, those who returned home to start their own businesses were also in the fields of Internet, artificial intelligence, bitcoin, blockchain and so on
he said that in the past, ecation in China was relatively backward, so most of the students in the junior class chose to go abroad for further study. Now the situation has changed, and the number of students who stay in China for development and return home is increasing
in the year of returning home to start a business, Pang Huadong said that he had recovered his long lost enthusiasm and was excited every day. He said that he is now in a "gale". Like the arrival of the Internet era, he believes that a new era of blockchain will soon come, "I have to seize it."
however, it will be difficult today in 2018. For a while, "bitcoin" and "lightbank", for a while, dogcoin culture, for a while, reborn has deeply cooperated with many banks around the world, for a while, dark coin can be anonymous to the end, and for a while, Ethereum has successfully crowdfunding
however, more often than not, you will encounter serious bitcoin loyalists, who would like to remind you that only bitcoin will be favored by Wall Street, investment banks, venture funds, big companies and multinational governments, and will be invested with real money and silver. Other currencies are cat and have no future. They should be returned to zero, so be careful
however, I often see Jiang En of China Dog Coin Association and his gang of dog fans. They are always amazed at an activity, blinding the eyes of the coin fans once. In 2015, they solemnly held a "China's first digital currency application creative competition"
let's get down to business. Whether you are anxious or confused, you should not forget that you are an investor today and put money in for profit. So, should we hang on a big tree of bitcoin What if it doesn't catch up with the stock Or actively participate in some reliable competition What if it's not recognized and returned to zero It's so hard. Who knows the pain of our digital currency
at the level of investment and speculation, the evil of monopoly is that when it has sole or totalitarian power, it will make the world unstable by unscrupulously manipulating resources, making rules, restricting competition, gaining price hegemony and squeezing higher profits. For the cryptocurrency of blockchain distributed record, which challenges human's extreme thinking, we can't find the evidence of monopoly in reality, but we will certainly associate with the dark manipulation of the United States on quasi currency and bulk energy commodities such as gold and oil
gold rose from US $300 in 2002 to US $1922 in 2011, a 6-fold increase in 10 years, and then fell to RMB 1200 at the peak of the bull market. This precious metal, which once served as a currency, has become a tool for Wall Street investment banks to cut off global investors by derivative leverage trading
the same goes for oil, which rose from US $10 a barrel in 1998 to US $147 in 2008, and then dropped to US $33 in 2009 in the next few months. This largest energy commodity with fixed reserves and stable proction costs has become a meat sauce on the speculative capital chopping board. Everything is caused by monopoly or uniqueness. In this price war planned by hegemonic countries and chaebols, the wealth of the world keeps flowing into wall street
assuming that humans eventually accept only bitcoin as a digital currency, the US government, which has lost its US dollar monopoly, will not agree to it. It will certainly pursue monopoly at all technical levels, such as bitcoin protocol improvement, software upgrade and maintenance, wallet update management, and transaction rule making. As long as other countries refuse to accept, it can use all political and monetary resources Armed by military forces, hackers and inced by public opinion, bitcoin has been forced to obey all over the world and eventually turned into a financial power tool for Americans
Wall Street will not stop. With the connivance of the U.S. government and the Federal Reserve and the support of foreign creditors' trust in the U.S. dollar, Wall Street will print U.S. dollars, buy and hoard bitcoin in large quantities, turn bitcoin into a tool of speculative manipulation like gold and oil again, and let Americans continue to cut off the leeks of people all over the world, People's pursuit of decentralization will come to nothing
only when the issue of digital currency is not unique, unlimited and exclusive, will people calmly abandon one or several currencies in case of monopoly and manipulation, and choose another new currency with more fairness and credibility to replace it, so as to eliminate manipulation, hegemony and monopoly that may exist in one or several fixed currencies Privilege, centralization, exploitation and corruption
therefore, in order to ensure the steady development of digital currency, it is necessary to set up a mechanism not to be destroyed by centralization and monopoly. Then, it is the general trend that bitcoin will survive and die together with other competitors. The idea that bitcoin will be the king for a long time because of its preconceptions and despise all competitors is narrow-minded. As an ordinary investor, under the background of paying attention to the long-term stable and slow upward trend of bitcoin price, we should pay proper attention to competitive currencies with pure agreement, global recognition and small market value, such as integrity currency CXC, which may really have the opportunity to enjoy short-term windfall profits.
generally speaking, I have the background of a large international company, and I have obtained the support of some government agencies. The currencies operated by Wall Street professional teams are pyramid schemes. If I think about it carefully, will there be no corresponding news reports if it is a large international company or a government agency that enters the cryptocurrency? Neither the mainstream mass media nor the media in the currency circle have reported it. It is conceivable that the possibility of pyramid schemes is very large
before, bitcoin house, the mainstream media in the currency circle, exposed the potter money pyramid scheme, which is the best example.
as for investment banks, they are investment banks. Foreign investment banks are financial institutions responsible for listing, refinancing, corporate restructuring and merger, bond underwriting and investment. In China, there is only investment banking department of securities companies, with narrow business, only listing, refinancing, corporate restructuring and merger
when Wall Street enters China, it means that Wall Street investment banks directly enter the Chinese market to engage in business, or establish joint ventures with Chinese enterprises to engage in business indirectly, such as Goldman Sachs establishing a joint venture "Goldman Sachs Gaohua" in China
as a result, the financial relationship has come into being.