Speculation on digital currency
blockchain is a decentralized database, which is a series of data blocks generated by using cryptographic methods. This is a very big concept and has a wide application prospect
digital currency is an unregulated and digital currency. It is just an application of blockchain technology, which is based on the birth of blockchain technology
to put it simply, digital currency and blockchain are closely linked, and blockchain is the bottom technology and the most important technical means of digital currency. The most successful practice of blockchain is innovation in the field of currency.
1. In terms of time, there is a time limit for stock speculation, but there is no time limit for currency speculation
the time limit of stock speculation is very strict, opening at 9:30 a.m. and closing at 11:30 a.m; It opens at 13:00 p.m. and closes at 15:00 p.m. with 4 hours of trading a day and 20 hours of trading a week. However, there is no such limit to speculation, trading 24 hours a day. Because the currency market is open to all over the world, in order to enable everyone to participate in trading and break the trouble caused by time difference, a 24-hour all day trading mode has been set up
2. In terms of the range of rise and fall, the stock market has the limit of rise and fall, but the currency market does not
the daily fluctuation of stock market can't exceed 10%, but the fluctuation of currency market is very huge. For example, on September 4, 2017, the central bank issued an announcement, pointing out that domestic financing activities in the form of issuing tokens, including initial token issue (ICO), are suspected of engaging in illegal financial activities, seriously disrupting the economic and financial order. The announcement triggered a major earthquake in the currency circle, and all currencies plummeted. After the central bank document was issued at 3:00 p.m. on September 4, all virtual currencies dived. The currencies in the trading area fell by about 4% - 20% in three days, and the currencies in the innovation pilot zone fell by about 15% - 50%
warm tips:
1. The above explanations are for reference only
2. Before investing in digital currency, it is recommended that you first understand the risks of the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: March 11, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
In the eyes of speculators, the value of virtual currency can be expected. The value of money is not the same as that of general commodities. It does not lie in its own value, but mainly comes from the degree of recognition
there is a commodity widely criticized as a fraud, which is also very expensive and has a certain degree of similarity with bitcoin. That is the symbol of love which is hyped by businesses and recognized by the public - diamond
the price of diamonds is very expensive, but in fact, if not as decorations and souvenirs, the practical value can not support the amazing price
However, this does not affect the market value of diamonds at all. The reason is very simple, people have accepted the existence of diamond as a symbol of love, in the decoration and souvenir market, diamond is highly recognized. As for legal tender which is closer to virtual currency, its value almost entirely comes from the high degree of recognition brought by government credit guaranteebitcoin has brought the blockchain technology into the public's attention. If the virtual currency based on the blockchain technology can be widely recognized one day, the value of bitcoin is beyond doubt. So it's a bit early to conclude that virtual money is worthless. If it is an undoubted fact that virtual currency is worthless, no one will hype any virtual currency including bitcoin. The reason why many people hype virtual currency is very simple. Some people think that virtual currency is not only valuable, but also undervalued