Bitcoin price cut after China withdraws from digital currency
however, this move has aroused people's concern about bitcoin, and they even think that digital RMB will replace bitcoin
the central bank's digital currency represents the digitization of RMB cash. More reflected in improving the efficiency of domestic small high-frequency transactions, thus playing a role in replacing RMB cash, thus consolidating China's monetary sovereignty
however, bitcoin is a currency based on blockchain technology, which has a limit on the total amount of issuance and cannot be over issued
last time I talked about this with people from Yingfu University of Finance and economics. Because there is a fundamental difference between digital personal name coin and bitcoin, it will not bring much impact on the price trend of bitcoin.
that is, the buyer and the seller freely negotiate the price and terms on the OTC platform and trade on their own. The external trading platform mainly provides two services: one is the information matching of both sides of the transaction, and the other is the security guarantee of bitcoin
Second, contract transaction, currency to currency transaction
the traditional digital asset investment is the conversion between digital assets and RMB (CNY). Currency to currency transaction is to buy and sell bitcoin as the base currency for other digital currencies, buy low and sell high to get more bitcoin. 58coin can support BTC / eth / etc / LTC / BCC / dash and other six kinds of digital currency exchange, provided that you have money. I suggest you transfer the money in hand directly into 58coin
Third, overseas exchanges
if bitcoin spot trading is not allowed in China, then go directly to overseas exchanges for trading. Common foreign exchanges, such as the bitrex website, are easy to register and provide us dollar and bitcoin transactions, but they do not have a Chinese version. They must also open a US dollar account for cash withdrawal<
Fourth, decentralized exchange
decentralized exchange is to install a software on your computer, and other people also install the software, and then you form a P2P network with each other. You can use this software to buy and sell bitcoin through this network. Both sides of the transaction can be completely unfamiliar. Both sides should abide by the same agreement. The platform does not guarantee the security of the transaction. Generally, for the security of the transaction, both sides can apply for a third-party arbitration.
To guard against the possible risks brought by bitcoin, we know that digital currency represented by bitcoin has high risks. This kind of risk is mainly reflected in two aspects: first, the limitation of digital currency makes it used as investment goods, and the price is extremely unstable. Those who do not understand the principle of digital currency and pay too much attention to speculation are easy to suffer losses for various reasons
Secondly, national digital currency is linked to its own legal currency to a certain extent, so it effectively avoids the price volatility of bitcoin. Because the CBDC issued by our country is guaranteed by the credit of the central bank, it must be a stable currency. In today's international situation, the research and development of digital currency in China is of great significance. The introction of digital currency is not an expedient measure, it has become the development direction of China's future currencythe future trend is not optimistic, because many people are short of bitcoin and are not optimistic about the development of this kind of digital currency
for investment procts such as bitcoin, in fact, such investment procts will fluctuate violently, so it is very normal to have a 15% slump. But for those who invest in bitcoin, it may be difficult for them to bear the loss brought by the withdrawal of bitcoin, because when they invest in bitcoin, they only want to make money
bitcoin plummeted 15% in one day
for the small partners who invest in the stock market, we know that the stock market has already dropped to the limit when it fell to 10%, but for procts like bitcoin, because bitcoin itself has very large fluctuations, when bitcoin plummeted, the extent of the slump was also very exaggerated, reaching 15% in one day, More than 40 billion dollars disappeared in a flash{ RRRRR}
Bitcoin prices plummeted in the early morning, falling nearly $33 in four hours. The reasons for the decline are as follows:
1 2 3 bitcoin, as an emerging instry, is loved by many people. The financial attributes of bitcoin blockchain can change the future of the Internet, which makes a lot of speculative funds start to speculate compared with bitcoin. After the speculation, they may face great risks. The price of bitcoin plummeted in the early morning, and fell nearly $33 in four hours. The reason for the decline is that the valuation is too high. The market has been panicked. A digital currency can be worth more than 300000 yuan. This is something that many people can't imagine. The key is that such a virtual currency has not been recognized by any government. After the speculation of investment funds, it has been out of business, No one is willing to take over at a high level, which is the main reason for the decline recently, bitcoin led virtual currencies have seen a large-scale rise, which makes a lot of speculative funds make huge profits. At this time, they will sell bitcoin if they want to cash in their profits. If the selling is too big, someone will lower the price, This led to the fall of bitcoin, which led to panic
I think it will further affect the price of bitcoin according to the regulation issued by China CITIC Bank, the main purpose is to protect the financial security of the current system. Because judging from the current market of digital money, the market of digital money is fluctuating greatly, and the market risk and bubble become bigger and bigger. If we do not rectify the digital money market at this time, I think the crisis of the digital money market will further aggravate. Therefore, considering the great potential risk, China CITIC Bank will prohibit the trading of digital currency Why are digital currency transactions banned therefore, in order to ensure financial security and prevent the occurrence of systemic functional collapse, the state will prohibit digital currency transactions. In addition, digital money will bring bubbles to the market, thus affecting the economy of a country and region. strong>
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notes for RMB capital figures
1. If the amount in Chinese capital is up to "Yuan", the word "whole" (or "positive") should be written after "Yuan", and the word "whole" (or "positive") can not be written after "Jiao". If the amount in words has "Fen", the word "whole" (or "positive") shall not be written after "Fen"
4. The Arabic figure is & quot; 0"， The quantile is not & quot; 0" The amount in Chinese is & quot; Yuan & quot; It should be followed by & quot; Zero & quot; Words. If ￥ 16409.02, it should be written as ￥ 1640409.02; For example, ￥ 325.04 should be written as RMB three hundred and twenty-five yuan and four cents