Can virtual currency fall back to the issue price

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. There are many reasons for the rise, the most important is the team hype, keep up with the trend of trading, do not greedy high; The second is the degree of recognition from the outside world. The higher the degree of recognition, the more stable the price is. There may be slight fluctuations in the short term, but there will not be much loss in the long term. The main reason for the decline is that the currency market recognition is not high, or there are new projects outside to attract players to throw money and transfer to the external platform. Pure hand play, hope to adopt.

4. Theoretically, the price of virtual currency is determined by the market. When people have a better psychological expectation of a virtual currency, the supply will increase and the price of the currency will rise; When people do not hope for a virtual currency, the demand for the currency will decrease, and the price will also fall
however, in China, the price of virtual currency is also affected by policies to a certain extent. Recently, the central bank has tightened its attitude towards digital currency, and the price of bitcoin and other digital currencies has fallen sharply. The digital currency of PBoC is less affected, probably because PBoC has the support of real assets.

5. This is not necessarily, the lowest point of virtual currency can not be determined. There is no way to know when it will rise. If it keeps falling, it may die and never recover. The price of this kind of currency will soar all the way
with the rapid rise of bitcoin, Leyte and other digital currencies, Ruitai currency has been stagnating. Is it ready to go, or is it just in a moment.

6. Central digital trading center 24 hours

7.

The general sentence for the crime of pyramid selling is fixed-term imprisonment of not more than five years or criminal detention and a fine; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. According to the law,

Article 224-1 of the criminal law of the people's Republic of China requires the participants to obtain the qualification by paying fees or purchasing goods and services in the name of business activities such as selling goods and providing services, and to form a hierarchy according to a certain order

those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined

extended information:

Article 225 of the criminal law [crime of illegal business operation] "Reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" (adopted at the 1166th meeting of the judicial committee of the Supreme People's Court on March 29, 2001, and announced by the Supreme People's Court of the people's Republic of China on April 10, 2001)

effective from April 18, 2001) stipulates the provisions in the provisions on the prosecution standards for economic crime cases (GF [2001] No. 11 of the Supreme People's Procuratorate and the Ministry of public security on April 18, 2001), the reply of the Supreme People's Procuratorate on how to deal with pyramid selling or pyramid selling in disguised form before April 18, 1998 ([2003] No. 7 of the Supreme People's Procuratorate) and the regulations on the prohibition of pyramid selling

(adopted at the 101st executive meeting of the State Council on August 10, 2005, and implemented since November 1, 2005) on February 28, 2009, the criminal law amendment (VII) was passed, adding the crime of organizing and leading pyramid selling

crime of organizing and leading pyramid schemes - organizing and leading pyramid schemes, in the name of selling goods and providing services, requires the participants to pay fees or purchase goods and services to obtain the qualification, and forms a hierarchy according to a certain order, and directly or indirectly uses the number of development personnel as the basis of remuneration or rebate, to lure and encourage the participants to participate in pyramid schemes Coerce participants to continue to develop others to participate

Whoever swindles money or property and disturbs the economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined

amendment (7) of the criminal law adds an article after article 224 of the criminal law as one of article 224: "in the name of business activities such as selling goods and providing services, organizations and leaders require participants to obtain the qualification to join by paying fees or purchasing goods and services, and form a hierarchy according to a certain order

those who directly or indirectly use the number of development personnel as the basis for remuneration or rebate to ince or coerce participants to continue to develop pyramid selling activities that others participate in, defraud property, and disrupt economic and social order shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined. "

"the reply of the Supreme People's Court on how to determine the nature of pyramid selling or disguised pyramid selling with serious circumstances" stipulates that after the "notice on prohibiting pyramid selling business activities" issued by the State Council on April 18, 1998, pyramid selling or disguised pyramid selling activities are still engaged in

Those who disturb the market order and the circumstances are serious shall be convicted and punished for the crime of illegal business operation in accordance with the provisions of Article 225 (4) of the criminal law. The reply made it clear that pyramid selling should be treated as the crime of illegal business operation

the provisions of the Supreme People's Procuratorate and the Ministry of public security on the prosecution standards for economic crimes (hereinafter referred to as the provisions) specifies the amount as the standard for the serious circumstances of the crime of illegal business operation, and the crime of pyramid selling illegal business operation is attributed to Article 5 of the provisions:

other illegal business activities, Suspected of one of the following circumstances:

(1) the amount of personal illegal business is more than 50000 yuan, or the amount of illegal income is more than 10000 yuan

(2) the amount of illegal business of a unit is more than 500000 yuan, or the amount of illegal income is more than 100000 yuan

8. Virtual currency may fall over the issue price, because virtual currency has no material basis, and its price rise and fall is completely determined by the game between buyers and sellers in the market. When diving heavily, it may be lower than the issue price.