Virtual currency falls sharply in 2020
secondly, the current market sentiment is bullish, the rising trend is relatively good, and it is difficult to fall
thirdly, the good situation of national new infrastructure is difficult to fall
It's May 20, 2020. At this time, the price of bitcoin is US $9751.35, equivalent to RMB 69254.09
how many bitcoins do you have, and mine is still in use
Recently, the attention of the emerging cryptocurrency, dogcoin, has been on the high side. In this round of sharp decline caused by the cryptocurrency "big market" bitcoin, dogcoin has been falling all the way; It fell to as low as $0.4 a piece and was almost cut off. As for the reasons for the sharp drop of the currency circle, the foreign exchange survey has some opinions:
1, the demand for the currency circle has decreased
under the trend of epidemic spreading, there are fewer transactions around the world, people become more conservative, and the total amount of social consumption is greatly reced. At this time, the transactions settled with bitcoin are greatly reced, the demand is reced, and the price will fall
The risk of price collapse is highaffected by capital speculation, the price of virtual currency has gone up and down, which makes it difficult for ordinary investors to predict and easily lead to position explosion and loss. In history, cryptocurrencies such as bitcoin have suddenly dropped at the peak for more than ten times. Recently, behind the dog coin's crazy rise and then plummeting, is a "leek cutting game" in which the capital tycoons represented by "Musk" reap ordinary investors
3. Virtual currency has no intrinsic value and the risk is very high
virtual currency does not have the function of currency transaction in essence, and it is not recognized by any country in the world. At present, the price of cryptocurrency is rising sharply, mainly e to speculation caused by market speculation. Once countries in the world explicitly deny the value of these virtual currencies that are not controlled by the state, the virtual currency will instantly become worthless, And the virtual currency held by the majority of investors will be completely locked up
although dog coin is now the fourth largest cryptocurrency with a market value of 68 billion US dollars; Second only to bitcoin, Ethereum and coin. It may be the "asset" with the biggest increase in recent years. However, the reason why people can not establish their faith is that the market has not yet reached a certain consensus, and they do not understand what role the dog coin will play in the future. From the perspective of investment, for such cryptocurrencies, which are not practical and mainly rely on financial attributes to tell stories, it is quite worrying to tell the truth
in terms of investment, cryptocurrency is very promising, but please be cautious no blind obedience and no faith in dog money; Dog coin, as musk put it, "is just a fun collection" or "joke."