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Insufficient virtual currency

Publish: 2021-05-22 00:37:54
1. The latest data shows that the virtual currency has a downward trend in the past two days, presenting a feeling of overall correction and insufficient rush. As far as bitcoin is concerned, the market is better because the daily trading volume has been hovering around $9200, but the trading volume is not very large. Yesterday's horizontal trading time lasted for several hours, and finally fell by nearly $200

this situation is not only in bitcoin, but also in Ethereum. Ethereum is still in the uptrend period, but affected by the currency market, it dropped from $680 to about 640 yesterday. The trading volume is also in the bottleneck period, lacking strong momentum

in addition, the development of the top virtual currencies such as Leyte and Ruibo are different, some of which fall with the trend, and some of which rise by a small margin. However, from the perspective of small data changes, the fluctuation range is very small and does not pose a threat to the currency market

e to the instability of the wind in the past two days, we still give a wait-and-see suggestion to the top currency investors. Because of the strong momentum in the early stage, bitcoin's temporary stagnation in front of the $9700 mark will also be a small signal. The higher bitcoin rises from $6000 to nearly $10000, the greater the pressure on its upper region. Our suggestion for bitcoin is not to slow down the position, we should observe it every other day and then make up the position

in addition to these listed currencies, you can also focus part of your attention on the new virtual currency, Mya coin. The recent trend of Mcain is quite stable. According to the data sent back by the trading platform, Mcain is expected to enter the mainstream money market in May, when its trading volume and price should also rise

previously, we mentioned that some virtual currencies are not strong enough, but there is no need to worry. After all, this level of rise and fall is not worth talking about for virtual currencies. If we put the decline value of bitcoin on other currencies, it may be worth paying attention to, but the decline range of 1% to 2% is just the normal change of the currency market, So we would like to remind you not to worry

there are still people in the money market, such as Mya money, a new type of virtual currency with strong impact. They can certainly provide some blockchain support for other virtual currencies. So for the current situation, we still think that the currency market is still in a period of correction. You should not miss this opportunity if you want to make a grand plan.
2.

Because now people are influenced by some comments on the Internet, such as bitcoin, its value has increased many times since it came into being, people think that virtual currency should be a very promising thing, so many people follow suit


if you really have a lot of spare money, you can consider investing in some stable bonds, some science and technology innovation board and stocks, but don't invest too much in virtual currency

3.

1、 Common analysis of virtual currency (1) bitcoin solution is designed and created by Japanese programmer Nakamoto (alias) in 2009, and it is the most successful and controversial network currency at present. Bitcoin scheme is based on P2P network architecture, which has been operating in the world, and can be used for all kinds of virtual and real goods and services transactions

In theory, if the existence of network currency affects the demand for the central bank's liabilities, and then interferes with the central bank's open market operation, it will have an impact on a country's monetary policy and price stability. However, from a practical point of view, the premise of network currency affecting price stability includes the following three aspects:

(1) from the analysis of the impact on the amount of money, although it is difficult to analyze the extent to which the network currency scheme creates money in the case of lack of information

However,
however, most Internet money systems operate in prepaid mode, that is, issuing Internet money when the real money is exchanged in and withdrawing money when the real money is exchanged out. In the famous network currency scheme, the supply of money is stable and the supply is small, but we still need to be vigilant whether it can ensure that the money supply will maintain a stable level in the long run, and the impact of the change of exchange rate between network currency and real currency

(2) from the analysis of the impact on the speed of money circulation, the use of cash and money statistics, the impact of the technological innovation brought by the network currency scheme on the speed of money circulation is not clear

as an Internet instry, it largely depends on the number of active internet currency scheme users. If the network currency is widely accepted, it will have a substitution effect on the real currency of the central bank, thus recing the use of cash in transactions
in this case, the scale of the central bank's balance sheet will be reced, and its ability to influence short-term interest rates will also be weakened. The central bank will need to fight against risks through ways such as setting minimum reserves for cyber currencies. Substitution effect will aggravate the difficulty of monetary statistics and affect the relationship between monetary statistics and inflation, which is not concive to the realization of long-term price stability. In addition, the issuance of network currency outside the central bank and the expansion of virtual credit will have an impact on the central bank's interest rate decision in the economy and weaken the central bank's monetary control

(3) from the analysis of the interaction between network currency and real economy, network currency can act as a real commodity trading medium and have an impact on real GDP

The influence of network money on real money supply depends on two aspects: one is the substitution effect of virtual economy on real economy; the other is the substitution effect of virtual economy on real economy; The second is the crowding out effect of Internet money on real money, that is, with the increase of the total amount of Internet money, the amount of cash held by the public in real life decreases, resulting in the decrease of cash / deposit ratio and the increase of money multiplier. In reality, the network virtual currency scheme will not affect the price stability at this stage, and the money flow speed will not be significantly affected in the short and medium term. However, the interaction between network currency and real economy deserves attention

(2) financial stability risk when the virtual currency scheme operates outside the banking system, the most important factor of financial instability lies in its connection with the real economy, namely exchange rate and exchange market. Obviously, the closed network currency scheme and the one-way flow network currency scheme are not affected, so we should focus on the two-way flow network currency scheme. The value of two-way network currency depends on the level of money supply and demand in the exchange market. A big difference between network currency and real currency is that the network currency scheme is not based on the country or currency region, and the influence of virtual economy intensity, trade or proction capacity on its exchange rate is limited. The price of virtual money and its fluctuation depend on five factors:

(1) money supply and other actions taken by currency issuers. For example: to achieve a fixed or semi fixed exchange rate by intervening in the market

(2) the network currency scheme shows network externality, and its monetary value depends on the number of users and merchants. As the number of consumers and businesses increases, their monetary value will increase accordingly. In addition, the exchange rate of network currency with small transaction volume fluctuates more

(3) the virtual community with clear and transparent policies and advanced security measures is easier to boost confidence and the currency is stronger

(4) the reputation of network currency issuers in fulfilling their commitments. There is no "lender of last resort" in the virtual community, and the trust gained by the issuer is crucial to the exchange rate of internet currency

(5)
speculation on the future value of Internet money and cyber attacks on virtual communities. Due to the immaturity of the system, low trading, speculative activities and network attacks, the two-way network currency scheme is inherently unstable
qualitative. At present, the trading volume of these network currencies is small and the correlation with the real economy is low, so the stability of the financial system will not be affected. However, if Internet money becomes a substitute for traditional money in the future, it will bring instability to the financial system and even distort the relative prices of goods and services. The impact of network currency system on the financial system largely depends on the number of active users and the number of merchants who are willing to accept virtual currency for real transactions. In addition, virtual currency has only exchange value and no use value. Generally, network currency is not based on assets with intrinsic value and is not supported by central bank credit. At present, these network monetary systems are not allowed to lend
or borrow funds, so it can not pose a threat to the stability of the financial system, but we should pay close attention to its development. If there is any change in the future, it will undoubtedly have an impact on the financial system

(3) stability risk of payment system

in a specific virtual community, virtual currency payment activities have evolved into a "real" payment system, facing typical risks related to the payment system: credit risk, liquidity risk, operational risk and legal risk. The nature, scale and ration of these risks are largely determined by the design of the system or the degree of lack of liquidity, so it is difficult for the network virtual currency scheme to avoid or control these risks. According to the core principles of payment system (CP) issued by the bank for International Settlements (BIS), the network virtual currency scheme does not conform to most of the contents of CP, and does not belong to the systemically important payment system. Therefore, it will not cause
or transmit shocks in the global financial system. At present, there is no systematic risk in the network currency system outside these virtual communities

2. Lack of corresponding supervision and protection mechanism

in the real economy, the central bank plays the role of lender of last resort and has no default risk, so it can take actions in the case of payment crisis or unpredictable liquidity shortage to avoid chain reaction. However, in the network virtual currency scheme
it is impossible to use network currency as settlement asset. Because network currency simply depends on the credibility of the issuer, it can not be widely accepted as a means of payment, so network currency can not be regarded as a safe currency. In addition, commercial banks are required to accept prudential supervision, which reces the possibility of default, and the security of money in commercial bank accounts is higher than that of network currency. A fundamental risk of network currency is that the settlement institution of network currency scheme is not subject to any supervision, no institution is responsible for its behavior, and there is no investor / depositor protection mechanism, which causes the user to bear all the risks

(4) risk of absence of supervision generally speaking, supervision lags behind the development of science and technology. The network virtual currency program was established in the late 1990s, but it was not until 2006 that some government agencies in the United States began to analyze these programs. Due to the lack of
supervision and the anonymity, invisibility and difficulty in tracking of its transactions, the network virtual currency scheme is very easy to be used by terrorist activities, fraud, money laundering and other illegal activities. At present, many government departments in many countries are considering whether to recognize or
legalize these virtual schemes and bring them into the scope of supervision, so as to support the innovation of currency and payment forms, protect the rights and interests of consumers and financial stability, and inhibit the use of virtual currency schemes to engage in criminal activities
at present, the uncertainty of the legal status of the virtual currency scheme may also bring challenges to the government authorities

(5) reputation risk of monetary authority the reputation of Monetary Authority (central bank) is the key factor to determine the effectiveness of monetary policy. The public's trust in fiat money is closely related to the image of the central bank, which pays close attention to its reputation. The ECB defines reputation risk as the risk of deterioration of reputation, credit or public image. As the network currency scheme is related to money and payment, it is generally believed that it belongs to the responsibility of the central bank, so we should be alert to the reputation risk it may bring to the central bank. However, in the case of small scale, the impact of the failure of the network currency scheme is limited, but its high volatility and instability also aggravate the possibility of failure and attract extensive media coverage. If the network currency is allowed to develop continuously without
regulation, the central bank may be considered as dereliction of ty and affect its reputation

(6) the risk of investors' loss
for exchange value, the public has a higher recognition of the investment value of network virtual currency, and it is investment based transactions that accelerate the formation of virtual currency market. Like other investment markets, participants in virtual money market will also face potential losses caused by market risk, credit risk and policy risk. Take bitcoin as an example: from 2009 to early 2010, bitcoin was worthless; In the summer of 2010, bitcoin trading began to enter the golden
period. As the supply was far less than the demand, the value of online trading began to rise. In early November, bitcoin was silent at 29 cents for many days, and then jumped to 36 cents; In February 2011, bitcoin continued to appreciate, and its exchange rate with us dollar
reached 1:1; In 2013, the price of bitcoin achieved a "Big Bang" growth, and hit US $1242 on November 29, 2013, surpassing the gold price of US $1241.98/ounce in the same period. Fierce price fluctuations make market participants face huge speculative risks. Unlike mature capital markets such as stocks and bonds, the depth of bitcoin market is insufficient, and it is mainly held in the hands of large investors with low degree of diversification. Bitcoin price is easily affected by large investors' buying and selling behavior, and also easily manipulated by speculators. At the same time, different countries have different attitudes towards bitcoin, Germany, the United States and other countries hold an open and supportive attitude, and Thailand, Brazil and other countries regard bitcoin related activities
as illegal. Every country's attitude and measures will have a significant impact on the price of bitcoin, especially in the short term

virtual currency is always inferior to real currency< br />

4. Legal risks faced by digital currency: (1) at the macro level, there are legal risks, systematic risks and consumer protection. At present, the legislative problems of e-commerce and e-payment have not been solved, the concept of e-currency and related provisions need to be clarified, and many laws and regulations have not been followed up. Secondly, there is a systemic risk caused by the collapse of a single issuing institution. If a certain issuing institution loses confidence in e-money e to its poor management, other e-money issuing institutions will also face run risk. Moreover, in the absence of standardized supervision, it is difficult for the public to effectively identify the qualification and credit level of issuers. How to effectively prompt risks and protect the rights and interests of the public has become a difficult problem. In addition, the concealment, rapidity and cross-border nature of Internet payment make e-money an inevitable money laundering tool for criminals 2 At the micro level, there are technical risks and credit risks in the main body of e-money issuance. The issuers of e-money in China include banks, non bank financial institutions, Internet enterprises and other enterprises. Due to the weak financial professional foundation of some issuers, especially the lack of mandatory technical security standards in China, there are serious management loopholes and security risks in e-money issuers. System software or hardware failures will affect the availability of e-money. Secondly, the unreasonable structure of assets and liabilities and high concentration of investment will lead to the lack of liquidity and the risk of default. In addition, the payment and circulation of e-money rely heavily on all kinds of networks, and there are all kinds of operational risks, such as deliberate embezzlement of other people's accounts, internal crimes of issuing institutions and malicious intrusion of hackers, which will damage the interests of e-money holders. Bitcoin, Ruitai and other digital currencies are suitable.
5.

It is difficult to avoid the typical risks related to the payment system. In a specific virtual community, virtual currency payment activities have evolved into a "real" payment system, facing the typical risks related to the payment system: credit risk, liquidity risk, operational risk and legal risk. The nature, scale and ration of these risks largely depend on the design of the system or the degree of lack of liquidity. It is difficult for the network virtual currency scheme to avoid or control these risks. According to the core principles of important payment system (CP) issued by the bank for International Settlements (BIS), the network virtual currency scheme does not conform to most of the contents of CP, and does not belong to the systemically important payment system. Therefore, it will not cause or transmit shocks to the global financial system. At present, there is no systematic risk in the network currency system outside these virtual communities

2. Lack of corresponding supervision and protection mechanism

in the real economy, the central bank plays the role of lender of last resort and there is no default risk, so it can take actions in the case of payment crisis or unpredictable liquidity shortage to avoid chain reaction. In the network virtual currency scheme, network currency is not the settlement asset. Because network currency simply depends on the credibility of the issuer, it can not be widely accepted as a means of payment, so network currency can not be regarded as a safe currency. In addition, commercial banks are required to accept prudential supervision, which reces the possibility of default. The security of money in commercial bank accounts is higher than that of network currency. A fundamental risk of network currency is that the settlement institution of network currency scheme is not subject to any supervision, no institution is responsible for its behavior, and there is no investor / depositor protection mechanism, which causes the user to bear all the risks

(4) risk of absence of supervision generally speaking, supervision lags behind the development of science and technology. The network virtual currency program was established in the late 1990s, but it was not until 2006 that some government agencies in the United States began to analyze these programs. Due to the lack of supervision and the anonymity, invisibility and difficulty in tracking of its transactions, the network virtual currency scheme is easily used by terrorist activities, fraud, money laundering and other illegal activities. At present, many government departments in many countries are considering whether to recognize or legalize these virtual schemes and bring them into the scope of supervision, so as to support the innovation of currency and payment forms, protect consumers' rights and interests and financial stability, and restrain the use of virtual currency schemes to engage in criminal activities. At present, the uncertainty of the legal status of the virtual currency scheme may also bring challenges to the government authorities

The reputation of Monetary Authority (central bank) is the key factor to determine the effectiveness of its policies, especially monetary policy. The public's trust in fiat money is closely related to the image of the central bank, which pays close attention to its reputation. The ECB will define reputation risk as the risk of deterioration of reputation, credit or public image. As the network currency scheme is related to money and payment, it is generally believed that it belongs to the responsibility of the central bank, so it is necessary to guard against the reputation risk it may bring to the central bank. Although in the case of small scale, the impact of the failure of the network currency scheme is limited, its high volatility and instability also increase the possibility of failure and attract extensive media coverage. If the network currency is allowed to develop continuously without regulation, the central bank may be regarded as dereliction of ty and affect its reputation

Compared with the exchange value, the public has a higher recognition of the investment value of network virtual currency, and it is the transaction based on investment that accelerates the formation of virtual currency market. Like other investment markets, the participants of virtual money market will also face the potential losses caused by market risk, credit risk and policy risk. Take the bitcoin as an example: from 2009 to the beginning of 2010, bitcoin was worthless; In the summer of 2010, bitcoin trading began to enter the golden age. Because the supply was far less than the demand, the value of online trading began to rise. In early November, bitcoin was silent at 29 cents for many days, and then jumped to 36 cents; In February 2011, the bitcoin continued to appreciate, and its exchange rate with the US dollar reached 1:1; In 2013, the bitcoin price achieved a "Big Bang" growth, and hit US $1242 on November 29, 2013, exceeding the gold price of US $1241.98/oz in the same period. Fierce price fluctuations make market participants face huge speculative risks

unlike mature capital markets such as stocks and bonds, bitcoin market is not deep enough, and it is mainly held in the hands of large investors with low degree of diversification. Bitcoin price is easily affected by large investors' trading behavior and controlled by speculators. At the same time, different countries have different attitudes towards bitcoin. Germany, the United States and other countries hold an open and supportive attitude. Thailand, Brazil and other countries regard bitcoin related activities as illegal. Every country's attitude and measures will have a significant impact on its price, especially in the short term

6. The virtual currency in Huawei's mobile phone refers to the flower currency. Flower money can only be used in Huawei mobile phone application payment, such as purchase theme, font, etc. You can go to Huawei mall to buy a flower Coin Card and recharge it yourself, or you can recharge it online. However, when paying, you can choose other payment methods. Such as UnionPay, Alipay, WeChat.
7.

The price and quantity of purchase can be set in the price limit. Only the amount of RMB purchased can be entered in the market price column. The minimum bitcoin purchase of fire coin is 0.00000 1

according to the market price (71193.96usdt / BTC), it is 0.01018511 usdt. Once the balance of your usdt account is less than this number, it shows that the available quantity is insufficient

extended data

fire coin said it would stop virtual currency trading on October 31, 2017. In the future, the main layout of fire coin network is overseas transactions. As of the end of 2016, the accumulated turnover of fire currency reached 200 billion yuan

fire coin is a bitcoin trading platform, which has won a round of 10 million RMB capital investment from Zhenge fund, Dai Zhikang, Sequoia Capital (shareholders of many global well-known companies such as apple and Alibaba). Fire coin implements strict risk control management and operates stably

According to the announcement, the registration and RMB recharge business will be suspended from now on, and all users will be informed before September 30 that they will stop trading. At the same time, all transactions of digital assets against RMB will be graally stopped before October 31

this is displayed in the usdt trading area, which means that you don't have enough usdt to buy bitcoin. BTC / usdt means buying BTC with usdt, so your usdt stock depends on how much BTC you can buy< br />

8.


puppet cats (details)

3. Pet stores buy cats

almost every pet store sells cats. The advantage of buying cats in pet stores is that the staff there are more dedicated, they will teach you how to maintain cats. But the bad thing about pet shops is that the customer flow of pet cats and dogs is relatively large, and there are more bacteria and viruses, so it's better to buy cats over 3 months old

The breeding base is probably the place with the most complete variety of cats. The advantage of buying cats in ordinary breeding base is that you can choose from them. People who will buy cats can buy cats cheaper than pet shops. But cats there are usually more likely to get sick than cats bred in private homes

v. adoption

if you have limited financial ability but are eager to raise a cat, it is recommended to join your local cat friends group or contact the local Cat Rescue Association. There will be a large number of rescued stray cats waiting for adoption, and they will be adopted free of charge. You can also post a post asking for adoption on your local local navigation website or internet post bar. Someone who wants to send a cat to your family will take the initiative to contact you. In this way, the cat's health can be guaranteed, and the responsible cat owners and rescuers will generally vaccinate the cat. If they adopt the suffering stray cat, the cat will cherish the hard won happy life, and most of them are obedient and sensible

tips for editor in chief: it is recommended not to buy cats from other places. Considering the transportation, it is estimated that cats can't bear the long journey, especially kittens. Also, not all cats that claim to be bred by themselves are private. Some cat dealers will pretend to be their own pet cats and cheat unsuspecting cat friends. Of course, no matter where you buy a cat, you should first observe the cat's health

9.

What kind of cat to buy depends on what kind of cat you decide to buy and how much you want to pay. In terms of the source of cats, it is a shortcut to be recommended, but before investigating the source of cats, never rush to buy them

buy a cat from a pet store. The price of a cat sold in a pet store is usually reasonable. But if you have other ways, I advise you not to go to the pet store to buy a cat. If you are sure to buy a cat there, be sure to have a thorough examination of the cat. Because kittens are particularly vulnerable to disease and infection, and disease and infection can easily spread in pet stores

buy cats from breeders. If you have decided to buy purebred cats, you'd better buy them from breeders. Or visit the cat show, where you can not only see the cat show, but also meet many people who breed cats. Some cats may also be sold at the cat show, but it's better to go to the cat seller's house, where you can observe the environment in which the kittens grow. It's better to choose the better one from the whole litter

go to animal protection organizations to buy a cat. Usually you can get a cat for a little or no money. Charitable lifesaving organizations are another convenient source of non purebred cats. However, in China, this kind of organization is still underdeveloped and few cats are adopted

check whether the habits of cats are good. If you buy kittens, you'd better choose the one with stronger physique, more courage and first born, rather than the one with the smallest body and the most timid in a litter, because the smallest cat is often easy to get sick, and you may be sad because of the early death of the cat. Therefore, in the purchase of cats, you must choose smart, friendly, naughty, willing to be disciplined cat

health certificate and vaccination if you want to buy expensive purebred cats, you should make sure that the kittens have been vaccinated against feline enteritis and feline influenza at least one week before purchase. If you buy an alt cat, you need to find out whether it has been vaccinated when it was young and whether it has been regularly injected with adjuvants to enhance its efficacy in the future. Cats that have been vaccinated and given adjuvant drugs must have a written certificate from a veterinarian. Therefore, it is an ideal way to ask a veterinarian to check the cats before they are killed

in addition, if you have other cats, you should ask the veterinarian to test the blood of the newly purchased cat to prove that the result is negative. In this way, your original cat will not be infected with leukemia or other fatal diseases

registration of purebred cats according to the regulations, all purebred cats over 5 weeks should be registered in the personal name of the cat owner, together with the details of their fur color and their parents. If you do not register, you will not be eligible to participate in the cat show of purebred cats in the future

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