What happened to virtual currency recently

1. The value of virtual currency is reflected in "more people recognize it". At the beginning of any instry, there will be savage growth. Take bitcoin as an example, the peak price of bitcoin is close to $2W, and the current price is only about $6500
in the current situation, blockchain is not a mature technology. What the market values is the so-called prospect, and it will take time to improve and excavate it slowly. However, the collapse of virtual currency is just a return to its own value
in short, I think bitcoin will continue to grow slowly after falling below a certain price. The current slump is just that the funds attracted by the previous heat have discovered the characteristics of virtual currency (hacker attack, dealer trading, these two situations will probably only appear in the newly issued currency, which is determined by the characteristics of blockchain, in other words, Hackers may also attack bitcoin in the early stage, but the more people and nodes bitcoin enters, the lower the probability of this situation, and the more difficult it is to generate)
in addition, I think that a large number of people in China even don't know what bitcoin is, so they are ready to make a fortune with money.

2. The price changes of cryptocurrencies such as bitcoin, Fuyuan coin, Laite coin and dogcoin are determined by supply and demand, and the big price changes are e to their high volatility and no price limit

the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.

3. Reason: with the rapid development of information technology, real money is far from meeting people's demand for capital flow. If there are enough people to recognize the value of a virtual currency, it may become a substitute unit of material exchange, and the existence of virtual currency will inevitably cause another upsurge in the financial sector
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.

4. In winter, don't come in, especially Shanzhai coin. 90% of the so-called good projects went crazy in June. Bitcoin, Ethereum and other real virtual currencies can be bought for speculation, which has gone crazy in the last half month.

5. It is an indisputable fact that the market of virtual currency is depressed as a whole. Virtual currency instry has entered a long-term cold winter. But there are also some indivial currencies in the recovery, the rise is fierce. For example, Ruitai coin, bitcoin and Ethereum, but there are also some currencies that continue to decline, such as Weimeng coin.

6. This market needs time, and the recent trend is not as good as the precious metal market

7. This situation does not rule out someone's speculation and manipulation in order to attract the market. If the plate is not big, it is possible to speculate with a small amount of money, and then wait for others to sell.

8. Fire currency network is a fraud website, of course, you can use the RMB in your hand to buy the money in the hands of these swindlers, maybe one day the swindlers pull out the network cable and the money disappears, your RMB is still in the bank card of the swindlers!

9.

Buddha said: 500 times of looking back in the past life in exchange for a pass in this life, so how many times do I have to look back to really live in your heart

from Xi Murong's "looking back"

looking back on the whole poem:

Buddha said: 500 times of looking back in the previous life can be replaced by a brush in this life

so how many times do I have to look back to really live in your heart

in my previous life, I often look back

my farewell handkerchief floats into a cloud

how much Acacia and how much sorrow of separation

finally becomes a water mark to send me away

in this life, I look for the lost footprints of the past life

wading through mountains and rivers into your eyes

500 times of looking back in the past life in exchange for a pass in this life

I use 1000 times of looking back in exchange for a stop in front of you in this life

ask the Buddha: how many times do I have to look back to really live in your heart

the Buddha is speechless, I can only look back again and again

like a moth to the fire

regardless of the consequences can be no reason

look back again and again

thousands of times, you are in my heart in my eyes

I look back again and again looking forward to your tenderness

I look back again and again looking forward to the Long Xiang Si Shou

in my previous life, I look back in the boat

lotus leaf A piece of sadness in my eyes

Buddha in this life helps me miss

let me walk into your eyes

I've been looking for a long time and I'm tired

just want to rest in your arms

just want your hands to wipe away the tears on my face

just want your body temperature to warm my cold hands

don't ask me why I'm so far away in this life Looking for you

I didn't drink Mengpo soup, I'm worried about you

don't ask me why I cry

I didn't drink Mengpo soup, I still remember the despair in my heart when I left my previous life

say I cry with joy

tears fall on your lap

all kinds of sorrows in my previous life turn into a dense lilac tree

I just want to join hands with you under the tree Looking at the five petaled flower, I still look back frequently in this life

I still don't drink Mengpo soup in this life

in the afterlife, I will look for you all the way

in the afterlife, I will look for the five petaled clove hand in hand with you

extended materials :

in 1963, Xi Murong graated from the Department of fine Arts of Taiwan Normal University, In 1966, he studied at the Royal Academy of Arts in Brussels, Belgium, and won many awards such as the Royal Belgian gold medal and the Brussels municipal government gold medal. He has written more than 50 kinds of poems, essays, picture albums and anthologies. His poems such as Qilixiang, youth without complaint and a flowering tree are well-known and become classics

Xi Murong's works are mostly about love, life and homesickness, which are extremely beautiful, elegant and clear, lyrical and flexible, full of sincere love for life, and affect the growth of a whole generation

10. At present, the digital currency fraud platform is popular. Please be careful and take the initiative to say that those who help you may be cheaters. You'd better find professionals for help so as not to cause economic losses