Why did the Leyte collapse
It is not recommended to invest in lightcoin. Now lightcoin is generally not optimistic in the instry. Although lightcoin is known as the test proct of bitcoin, it fails. No innovation. Once claimed not to adapt to ASIC mining machine, but finally became a joke. Li Feng, the ancestor of Laite coin ASIC mining machine, said frankly that no currency is not suitable for ASIC mining machine. Since the announcement of the central bank in 2013, like bitcoin, lightcoin has been in a long-term downturn< br />
the price of bitcoin is determined by supply and demand. The price of bitcoin is still very unstable, which means that the demand must follow this inflation level in order to keep the price stable. The big price change is e to its great volatility
has no real value, and the state does not recognize that it depends on speculation. In the end, it's nothing
is the Wright coin dying? In fact, for many reasons, it is not reliable to say that Leyte currency is extinct or that it has lost its second place in virtual currency. There are also signs that the rumors are coming from other virtual currency supporters, not from the lettercoin community. There are still many advantages to lightcoin, which can make it the second largest virtual currency in the world. Now they need to focus on the miners
according to foreign media reports, on Monday, the price of bitcoin fell to $2526.4, with a maximum decline of 14.5%, which created the biggest decline since January 2015. A few days ago, the price of bitcoin just broke the $3000 mark, a new record, but then plummeted by more than 30%. As of the 16th of this week, the market value of bitcoin has evaporated $10 billion, almost equal to the market value of social software Twitter's $12 billion
the other reasons for the sharp decline include the sharp decline of US technology stocks and the poor outlook of investment banks on the special currency. Morgan Stanley said that "the virtual currency is like the currency of the wild west", which needs to be regulated before it can continue to rise. The previous price surge may be caused by speculation and not easy to sell
it is worth mentioning that bitcoin is not the only one that has plummeted. It is said that the prices of other digital currencies have also fallen considerably
there are risks in investment, so you need to be careful when entering
in the early stage of bitcoin economic development, the market is not mature, speculative activities sometimes expand market volatility, rece market trust, damage bitcoin economic development: 1) easy to be manipulated by makers. Due to the small scale of bitcoin market, the lack of knowledge and experience and psychological quality of practitioners in the early stage of development, the market is easy to be dominated by big funds, cooperate with news and futures leverage, and create and expand price fluctuation arbitrage; 2) Policy city and information city. Due to the poor transparency of the domestic institutional environment and the strong arbitrariness of the decision-making mechanism, there is great uncertainty and flexibility in the expectation and interpretation of policies, which enhances the uncertainty of the market and is even used to create market fluctuations and make profits at low cost; 3) Zero handling charge leads to excessive liquidity. In the case of small market scale, immature practitioners and poor institutional environment, the zero handling charge of the trading platform endows the market with excessive liquidity, expands the above artificial market fluctuations, increases the profits of the fluctuation makers, and forms negative incentives; 4) Speculative demand is separated from application and investment. The above vicious speculation benefits from market defects, and naturally tends to maintain these defects, thus destroying the market mechanism and business environment, occupying a lot of manpower, intelligence and capital to engage in zero sum game, even negative sum game, seriously hindering the application and investment of bitcoin that should be promoted.