Why invest in digital currency

1. With the rapid rise of bitcoin, digital currency has entered an era of barbaric growth. At present, there are nearly 1000 kinds of digital currency or procts under the banner of digital currency listed on various trading platforms, and it is said that there are nearly 5000 kinds of procts waiting for the exchange. Hehe, this is the best time and the worst time. It should be said that among so many procts, there must be some outstanding ones who will eventually stand out, become technology leaders and instry benchmarks, and start another wave of miracle of making wealth. However, most digital currency procts will eventually be eliminated, or even become laughingstock and scam. In fact, it seems that many of them are scams now

in the mixed market, how to practice a pair of eyes to identify the authenticity, this paper provides several perspectives for your reference

First, technical basis. The value of bitcoin does not lie in its price, but in its technical basis - blockchain, also known as distributed ledger technology. It is an Internet database technology, characterized by decentralization, openness and transparency, so that everyone can participate in database records. This paper is not a popular science article, and does not do too much entanglement on the technical explanation. But you need to understand the basic characteristics of blockchain. The first is decentralized and intermediary trust. There is no backstage, no manipulation, and no need for a third party. The second feature is its stability, reliability, persistence and security. Because it is a distributed network architecture, no central node can be attacked, so it has stronger stability, reliability and persistence in the overall technical layout. At the same time, the consensus mechanism does not need the entry of a third party, but through a technology, a previously scheled technology to achieve the completion of the whole transaction. The third is the openness, transparency and non tamperability of the transaction. So when we look at digital currency, we must look at its technical basis. Only when the technical basis is in line with the actual digital currency can it have investment value

Second, trading platform. Investment in digital currency is inseparable from the trading platform, so it is very important to choose a reliable trading platform. A good trading platform should have the following characteristics. First, it is fair and impartial. All traders are treated equally without any discrimination, regardless of the size of the transaction volume or the geographical location. In particular, as an exchange, it can not issue money. How can it be fair and just to be a referee and an athlete? Second, freedom of advance and retreat, without artificial barriers and obstacles. Free registration, free use (not transaction costs). There are no restrictions on the freedom of deposit and withdrawal. Your own money is up to you. What needs to be pointed out here is that today's exchanges are all unregulated. They are also in a period of barbaric growth. Like digital currency, there will surely be outstanding people who will become the benchmark after the waves, and there will also be runners who will leave behind a lot of chicken feathers

Third, monetary characteristics. It refers to the characteristics of a digital currency. A look at scarcity, that is, its circulation. Bitcoin is 21 million. There are many behind it. There are tens of billions and hundreds of billions of bitcoin. If the amount of bitcoin is too large, it is difficult to pry. Second, the theme is the entry point and application basis of a digital currency, from which we can see the social responsibility and existence of the digital currency. Nowadays, there are various themes, such as tips, watching Japanese AV, keeping virtual pets, naming planets, symbiotic economy, and so on. Different people have different opinions, but human society still has common basic values. As an investment, we should firmly grasp this point

Team background. The spirit of enterprise is the embodiment of human spirit. What a liar opens can only be a liar company. Therefore, in the face of a digital currency, it is also important to understand the background of its creative team members. What is the common goal of the team? What are the common interests? Which stage of development is currently in? This seems to be a bit difficult, but because we have the Internet, we can still do it, just don't believe what he said

digital currency investment, in the final analysis, is a technological activity, the key lies in learning and communication. Finally, the value of bitcoin lies in that it has led an era and successfully carried out a popular science ecation for the people on earth. In the future, the dominant digital currency will be the kind of digital currency that covers the world and is endorsed by the common value (such as gold), at least at a certain stage

the Internet will not die out, and digital currency will eventually move towards standardization and orthodoxy. As an investor, are you ready

2. Digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. The European Banking authority defines virtual currency as a digital representation of value, which is not issued by the central bank or authorities, nor linked with legal currency. However, because it is accepted by the public, it can be used as a means of payment, or it can be transferred, stored or traded in electronic form. Digital currency is a kind of venture capital. Some people can make profits in this market, while others can make losses in this market. To make money, digital currency can be invested by mining and trading on the platform. Digital currency has price fluctuation and is investable in theory

warm tips: the above explanations are for reference only, without any suggestions. There are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: December 2, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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3. To invest in digital currency, simply put, it is to find an exchange with digital currency online to buy currency, and then wait for the currency to appreciate before selling it, or lose money. To be specific, it is similar to buying stocks

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.

4.

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

5. 1、 What are the types of digital currency
digital currency is an alternative to electronic currency. Both digital gold coin and password currency belong to digital currency. Digital currency can be basically divided into three categories:
1. Game currency that everyone is very familiar with. At first, the game currency obtained by players in stand-alone games can only be used by themselves in the game. With the establishment of the Internet portal and community, and the realization of game networking, these digital currencies have a "financial market". Players can directly trade freely, and can also trade online and offline
2. The special currency issued by the portal website or instant messaging service provider is used to purchase the services in the website. The main representative is QQ coin, which can be used in QQ's own mall
3. The most representative digital currency is the encrypted digital currency on the Internet, such as bitcoin, lightcoin, dogcoin, etc. represented by bitcoin, it is an electronic currency generated by open-source P2P software, which can query the source and circulation by using blockchain technology, and is an open-source encrypted, circulating and trading digital currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency< What are the benefits of digital currency
it is not unreasonable that the central bank is preparing to study the issue of digital currency. Issuing digital currency can rece the high cost of issuing and circulating traditional banknotes; Enhance the convenience and transparency of economic transaction activities; Rece money laundering, tax evasion and other criminal activities; Enhance the central bank's control over money supply and circulation; To better support economic and social development and help Inclusive Finance realize in an all-round way; It also helps to build a new financial infrastructure, further improve the payment system, enhance the efficiency of payment and clearing, and promote the upgrading of economic quality and efficiency
the overall benefits are cost rection, convenient supervision and favorable to the financial system. In addition, what are the benefits to our common people, investors and major enterprises
now is the age of Internet, the evolution of currency is an inevitable trend, and currency digitization is undoubtedly in line with the trend of social development
nowadays, there are digital currencies of different sizes in the market. Although these digital currencies can not be regarded as legal currencies, they are more used as a financial investment project and a new technology in the future. Not only that, bitcoin, the first digital currency, circulates in every corner of the world just like money, but also has the characteristics of transaction, collection and convertibility. We can exchange digital currency for any country's currency, or use digital currency to buy offline real goods. At the same time, we can also do online payment like Microsoft and steam. People use it to pay, buy goods and exchange money; Investors use it for financial management and investment; Enterprises use it to develop more uses, constantly innovate science and technology, or promote their own procts. With the continuous progress of science and technology and the continuous development of digital Internet, the benefits of digital currency or the instries and technologies derived from digital currency are unimaginable in the future.

6. Digital currency is abbreviated as digiccy, which is the abbreviation of "digital currency" in English. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy. Digital currency is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games
investment in digital currency is extremely risky. If you really want to invest, you can choose a platform, which is very important, because once there is a problem with such a platform, all the investment can not be recovered. There are many investment channels in modern society. You don't even know how to invest, so it is suggested that you should resolutely avoid investing and never do things you are not familiar with or understand
last but not least, I hope it will be useful to you: digital currency is doomed to lose everything from the beginning.

7. The measure of value is also one of the functions of money. Because digital currency is also currency, it has the general property of currency.

8.

According to Article 10 of the law of the people's Republic of China on the promotion of private ecation (implemented on September 1, 2017), social organizations holding private schools shall have the legal personality

Indivials who run private schools should have political rights and full capacity for civil conct

Private schools should have the conditions of legal person

Article 11 the establishment of private schools shall meet the needs of local ecational development and meet the requirements of the ecation law and other relevant laws and regulations

the setting standards of private schools refer to the setting standards of similar public schools at the same level

Article 12 the establishment of non-governmental schools that implement diploma ecation, pre-school ecation, self-study examination and other cultural ecation shall be examined and approved by the administrative department of ecation of the people's government at or above the county level within the limits of authority prescribed by the state; Running private schools with vocational qualification training and vocational skills training shall be examined and approved by the administrative department of human resources and social security of the people's government at or above the county level within the limits of authority prescribed by the state, and a shall be sent to the administrative department of ecation at the same level for the record

Article 13 to apply for the establishment of a private school, the sponsor shall submit the following materials to the examination and approval authority:

1. The application report shall mainly include: sponsor, training objectives, school scale, school level, school form, school conditions, internal management system, fund raising, management and use, etc

2. The name and address of the sponsor or the name and address of the sponsor

(3) source of assets, amount of funds and valid supporting documents, with property rights clearly stated

4. The donation agreement should be submitted for the donation of the school property, including the name of the donor, the amount of the donated assets, the purpose and management methods, and the relevant effective supporting documents

The examination and approval authority should make a written decision on whether to approve or not within 30 days from the date of accepting the application for the establishment of private schools

for those who agree to the preparatory establishment, the approval letter for the preparatory establishment shall be issued. If they do not agree to the preparation, the reasons shall be explained

the preparation period should not exceed three years. If it has been more than three years, the sponsor shall make a new declaration

Article 15 in applying for the formal establishment of a private school, the sponsor shall submit the following materials to the examination and approval authority:

1

2

3. The constitution of the University, the list of members of the first Council, board of directors or other decision-making bodies of the University

4. Effective proof documents of school assets

5. Qualification documents of principals, teachers and accountants

Article 16 those who have the conditions for running a school and meet the standards for establishment may directly apply for formal establishment, and shall submit the materials specified in Article 13 and Article 15 (3), (4) and (5) of this law

Article 17 If an application is made for the formal establishment of a private school, the examination and approval authority shall, within three months from the date of acceptance, make a written decision on whether or not to approve the application and serve it on the applicant; Where an application is made for the formal establishment of a non-governmental institution of higher learning, the examination and approval authority may also make a decision on whether to approve the application in writing within six months from the date of acceptance, and serve it on the applicant

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extended information:

the following is the notice on further standardizing the management of private vocational skills training schools:

license and registration management of newly established private schools

1, from September 1, 2017, All newly established private vocational skills training schools should indicate the form of for-profit or non-profit school running and carry out license registration

2. The newly established for-profit private vocational skills training schools should formulate school regulations in accordance with the administrative regulations of the instrial and commercial department, In accordance with the notice on standardizing the registration and administration of the names of for-profit private technical colleges and for-profit private vocational skill training institutions, Article 9 of the detailed rules for the implementation of classified registration of private schools, and Article 15 and Article 16 of the measures for the implementation of classified registration of private schools in Ningxia Hui Autonomous Region, register with the administrative department for Instry and commerce

3. The non-profit private vocational skills training school formulates its articles of association in accordance with the regulations on the management of private non enterprise units. If it complies with the regulations on the registration and management of public institutions such as the Interim Regulations on the registration and management of public institutions, it shall comply with Article 7 of the detailed rules for the implementation of classified registration of private schools and Article 13 of the measures for the implementation of classified registration of private schools in Ningxia Hui Autonomous Region, They should register with the civil affairs department and the registration administration of public institutions

4. Before the existing private vocational skills training schools make non-profit or profit-making choices, they should run and manage according to the requirements of non-profit private non enterprise units, and should not extract or extract reasonable returns in disguise

In accordance with Article 9 of the law of the people's Republic of China on the promotion of civilian run ecation, the newly registered private vocational skill training schools should increase the construction of Party organizations

source of reference: China government website - law of the people's Republic of China on promoting private ecation

source of reference: Ministry of ecation of the people's Republic of China - Implementation Rules for classified registration of private schools