Crazy rise of virtual currency

for bitcoin, such a virtual currency, if frequent large-scale rise, the entire capital market and investment field will have a certain impact, because for most investors, they can not find out the intrinsic value of such investment procts, and this asset behavior exists relatively large financial bubble. So for this unique virtual proct, its existence for the entire capital market, although it is a supplement to the financial attributes, but there are also many problems{ RRRRR}

and bitcoin skyrocketing will lead to a very big financial bubble, bitcoin prices are very unstable, often in a few days, there are very large fluctuations and ups and downs, for most ordinary investors, they simply can not afford this large increase and fall, so many investors will be a huge decline because of a number of non return. Even for some investors with poor psychological enrance, they may lose their lives directly because of investment failure. Therefore, the uncertainty of bitcoin price also has a certain impact on social stability. So for bitcoin, its investment risk is very large, and for the whole economy and society, it will increase the systemic risk of the whole society

Bitcoin can be said to be the ancestor of virtual currency. It was launched in 2009. At that time, the value of bitcoin was very low. One dollar could buy more than 1300 bitcoins. At that time, a programmer in the United States exchanged 1000 bitcoins for two pizzas, which is often ridiculed by everyone. A lot of people are saying that if his bitcoin had been preserved until now, he would have been a billionaire. But who knew that bitcoin would be so valuable in modern times? At that time, few people knew about bitcoin, so there was no hype. At that time, bitcoin had no economic purpose. It was just used to exchange game equipment

now the world uses a lot of electricity to dig bitcoin every year, because the cost of electricity is very high, and the market value of bitcoin is volatile, so the benefits obtained by digging bitcoin are very small

The crazy rise of bitcoin price has caused many contract investors to burst their positions, because it is terrible. At the end of March last year, it was almost less than $5000 at the beginning of April, but this year, when it was high, it rose to $34000, equivalent to about RMB 230000, and the price proportion rose to about 550%{ RRRRR}

today, there are many investors in bitcoin's position explosion, just because there are profits, but no one can guarantee when it will fall in the future. Moreover, bitcoin is easy to play leverage. The higher the leverage ratio, the higher the risk. Even if you can't bear the change of 10% of your daughter's leverage, you will have a position explosion, and the money will be doubled, however, the loss is doubled, and some contract buyers will lose a lot