Analysis of virtual currency
Publish: 2021-03-26 16:00:55
1. bitcoin is different from the previous currency, it completely relies on the Internet to create and trade; Bitcoin's unique technical attributes lead to its economic and cultural attributes beyond the present currency. Bitcoin is a kind of electronic currency proced by open-source P2P software. Compared with the paper currency in circulation, the biggest feature of bitcoin is decentralization and global circulation in the network world, followed by high security and high confidentiality. These technical attributes further extend to the economic attributes of no inflation, no freezing, and no man-made supply; In terms of culture, bitcoin is popular among anarchists and liberals. The advantages of bitcoin are artificially exaggerated, and its anti inflation and anti inflation functions cannot stand up to scrutiny. In the long run, the prospect of bit is hard to match that of gold. In the most optimistic case, it will become a means of payment in some areas; But in the short and medium term, bit still has room for speculation and imagination. In addition, the use of bitcoin in some sensitive areas highlights the increasingly prominent role of information in national security
1. The advantages of bitcoin are exaggerated: About decentralization, no transaction costs and anti inflation
it is true that bitcoin has various advantages over paper money, but these advantages have been over interpreted. First of all, bitcoin is a kind of decentralized currency, which will not have the same risk of central bank controlling money supply and affecting market value as paper money; Bitcoin is mainly held in the hands of large investors, and the market depth is not enough. At present, the trading behavior of large investors is also very easy to affect the price of bitcoin. Even if the attribute of decentralization is regarded as the advantage of bitcoin when it is fully mature, then the prerequisite of holding decentralization should be added. In addition, there are great differences between centralized and decentralized online payment systems in the degree and type of financial risks they are exposed to
secondly, the low transaction cost of bitcoin is not without transaction cost. On the contrary, e to the increasing difficulty of bitcoin mining and the further stability of currency value, the dependence of relevant transaction platforms on transaction cost will increase, which will certainly increase the transaction cost. Finally, the confidentiality of the bitcoin transaction needs to be discussed. The principle of the bitcoin transaction makes all the processes of each bitcoin transaction stored in each machine. If someone can determine the real background of a transaction, they can find all the transactions down and up through these data
compared with other advantages, anti inflation or anti inflation is the most publicized advantage. Although its supply is stable and the upper limit of supply is locked according to its algorithm, unless the whole world is unified and all countries use bits as currency, it can not prevent the over issuance of money only as a means of payment or a storage of value, just as the current existence of gold can not constrain the growth of each country's currency. If bits can only be used as a means of payment in local areas (such as the network), then global or some countries' inflation will still be transmitted to the areas where bits are used. Therefore, the use of bits to prevent inflation is basically untenable, or has a strong premise. As for anti inflation, that is to say, it has the function of value storage, it needs to have the property similar to gold. However, from the reality, bit's essential property and prospect are still hard to match gold. See below for details
2. Bitcoin's future positioning is too high
the expectation of bitcoin's future in the market generally compares it with gold and US dollar, which is relatively high. The recognition of gold not only lies in its natural physical properties, but also in its official acceptance as a reserve currency (or an important allocation of foreign exchange assets). In theory, bitcoin as an electronic currency does not have the unique and exclusive status, and it is more difficult to become the official reserve of central banks like gold. Therefore, it is not appropriate to expect too much bit. As an electronic currency, bit has the first mover advantage. If it can be guaranteed in terms of security, its most optimistic prospect will be as a means of payment in local areas
3. Speculation and speculative demand caused by event factors are the main reasons for the rise of bitcoin in this round
under the credit currency system, people's lack of confidence in the currencies of various countries and pessimistic economic prospects are the general environment for the rise of bitcoin in this round. The speculation of the major dealers in the market and the derivatives market of bitcoin, together with the speculative psychology of the participants, further accelerated its rise. Btcchina's investment of US $5 million and the announcement of Ben's position are the main driving factors for the recent surge
however, a lot of big players start to enter the market and buy a lot, which not only drives the bit price up to a high level, but also increases the market risk. Chamath, a former Facebook executive, has spent $5 million on bitcoin and plans to spend another $10 million. Bitcoin investment trust also exceeded its target within four weeks, raising $15 million. These people's investments not only make bitcoin further rise, but also concentrate on the holding of bitcoin, which strengthens the influence of indivials and institutions on the price of bitcoin and increases the market risk
4. There is still strong room for speculation in the medium and short term
although our previous analysis is not optimistic about the prospect of bit, it is likely that bit will still have strong room for speculation in such a short and medium term period of time as one year. As mentioned in the previous analysis, the creators of bitcoin advocate that the generation of bitcoin is not manipulated by human factors, which is quite different from the credit currencies of various countries. We expect that the monetary policies of major countries will be divided next year. With the release of economic risks and the heavy damage to traditional asset markets, bitcoin will have better room for speculation and imagination< The use of bitcoin in some sensitive areas highlights the increasingly prominent role of information in national security
the U.S. government seized the drug trading website "Silk Road" at the beginning of last month. A crowdfunding network called "assassination market" even marked the sale of murderers with bitcoin price. The founder of the assassin market, under the pseudonym of kuwabatake Sanjuro, is an extreme anarchist. Both prism gate incident and the use of bitcoin in relevant sensitive fields highlight the increasingly prominent position of information field in national security. The Third Plenary Session proposed the establishment of the national security committee, which will play an important role in China's security strategy and expand from traditional national defense, stability maintenance / urban security to information security and other emerging areas
1. The advantages of bitcoin are exaggerated: About decentralization, no transaction costs and anti inflation
it is true that bitcoin has various advantages over paper money, but these advantages have been over interpreted. First of all, bitcoin is a kind of decentralized currency, which will not have the same risk of central bank controlling money supply and affecting market value as paper money; Bitcoin is mainly held in the hands of large investors, and the market depth is not enough. At present, the trading behavior of large investors is also very easy to affect the price of bitcoin. Even if the attribute of decentralization is regarded as the advantage of bitcoin when it is fully mature, then the prerequisite of holding decentralization should be added. In addition, there are great differences between centralized and decentralized online payment systems in the degree and type of financial risks they are exposed to
secondly, the low transaction cost of bitcoin is not without transaction cost. On the contrary, e to the increasing difficulty of bitcoin mining and the further stability of currency value, the dependence of relevant transaction platforms on transaction cost will increase, which will certainly increase the transaction cost. Finally, the confidentiality of the bitcoin transaction needs to be discussed. The principle of the bitcoin transaction makes all the processes of each bitcoin transaction stored in each machine. If someone can determine the real background of a transaction, they can find all the transactions down and up through these data
compared with other advantages, anti inflation or anti inflation is the most publicized advantage. Although its supply is stable and the upper limit of supply is locked according to its algorithm, unless the whole world is unified and all countries use bits as currency, it can not prevent the over issuance of money only as a means of payment or a storage of value, just as the current existence of gold can not constrain the growth of each country's currency. If bits can only be used as a means of payment in local areas (such as the network), then global or some countries' inflation will still be transmitted to the areas where bits are used. Therefore, the use of bits to prevent inflation is basically untenable, or has a strong premise. As for anti inflation, that is to say, it has the function of value storage, it needs to have the property similar to gold. However, from the reality, bit's essential property and prospect are still hard to match gold. See below for details
2. Bitcoin's future positioning is too high
the expectation of bitcoin's future in the market generally compares it with gold and US dollar, which is relatively high. The recognition of gold not only lies in its natural physical properties, but also in its official acceptance as a reserve currency (or an important allocation of foreign exchange assets). In theory, bitcoin as an electronic currency does not have the unique and exclusive status, and it is more difficult to become the official reserve of central banks like gold. Therefore, it is not appropriate to expect too much bit. As an electronic currency, bit has the first mover advantage. If it can be guaranteed in terms of security, its most optimistic prospect will be as a means of payment in local areas
3. Speculation and speculative demand caused by event factors are the main reasons for the rise of bitcoin in this round
under the credit currency system, people's lack of confidence in the currencies of various countries and pessimistic economic prospects are the general environment for the rise of bitcoin in this round. The speculation of the major dealers in the market and the derivatives market of bitcoin, together with the speculative psychology of the participants, further accelerated its rise. Btcchina's investment of US $5 million and the announcement of Ben's position are the main driving factors for the recent surge
however, a lot of big players start to enter the market and buy a lot, which not only drives the bit price up to a high level, but also increases the market risk. Chamath, a former Facebook executive, has spent $5 million on bitcoin and plans to spend another $10 million. Bitcoin investment trust also exceeded its target within four weeks, raising $15 million. These people's investments not only make bitcoin further rise, but also concentrate on the holding of bitcoin, which strengthens the influence of indivials and institutions on the price of bitcoin and increases the market risk
4. There is still strong room for speculation in the medium and short term
although our previous analysis is not optimistic about the prospect of bit, it is likely that bit will still have strong room for speculation in such a short and medium term period of time as one year. As mentioned in the previous analysis, the creators of bitcoin advocate that the generation of bitcoin is not manipulated by human factors, which is quite different from the credit currencies of various countries. We expect that the monetary policies of major countries will be divided next year. With the release of economic risks and the heavy damage to traditional asset markets, bitcoin will have better room for speculation and imagination< The use of bitcoin in some sensitive areas highlights the increasingly prominent role of information in national security
the U.S. government seized the drug trading website "Silk Road" at the beginning of last month. A crowdfunding network called "assassination market" even marked the sale of murderers with bitcoin price. The founder of the assassin market, under the pseudonym of kuwabatake Sanjuro, is an extreme anarchist. Both prism gate incident and the use of bitcoin in relevant sensitive fields highlight the increasingly prominent position of information field in national security. The Third Plenary Session proposed the establishment of the national security committee, which will play an important role in China's security strategy and expand from traditional national defense, stability maintenance / urban security to information security and other emerging areas
2. At present, Great Wall coin, a virtual currency, has almost any relevant information, and whether it can be traded is unknown. However, similar domestic currency is mostly MLM currency. Before the popularity of the JPMorgan money, under the guise of JPMorgan Chase to carry out false publicity, Guangcai money is under the guise of charity publicity, and ultimately proved to be a fraud. If you don't understand digital cryptocurrency, don't play it. If you want to play it, learn about bitcoin, Ruitai and other mainstream digital cryptocurrencies
Great Wall coins generally refer to commemorative coins. Great Wall coin can be regarded as the originator of current coins and commemorative coins in contemporary China, and it can also be called trial coin. Great Wall currency includes: 1 jiao, 2 jiao, 5 jiao and 1 yuan. The Great Wall coins were issued for seven years (1980-1986), of which only four years (1980, 1981, 1983, 1985) were issued to the public, and only three years (1980, 1981, 1983) were issued to the public.
Great Wall coins generally refer to commemorative coins. Great Wall coin can be regarded as the originator of current coins and commemorative coins in contemporary China, and it can also be called trial coin. Great Wall currency includes: 1 jiao, 2 jiao, 5 jiao and 1 yuan. The Great Wall coins were issued for seven years (1980-1986), of which only four years (1980, 1981, 1983, 1985) were issued to the public, and only three years (1980, 1981, 1983) were issued to the public.
3. At present, the trading of virtual currencies such as bitcoin in China is closed and cannot be traded in exchanges
virtual currency lacks supervision and is too free; Therefore, China's current virtual currency is still in a serious regulatory scope; Of course, the research on virtual currency blockchain technology is worth trying.
virtual currency lacks supervision and is too free; Therefore, China's current virtual currency is still in a serious regulatory scope; Of course, the research on virtual currency blockchain technology is worth trying.
4. Because the virtual currency market is graally expanding in 2019, investors have been looking for the most potential virtual currency. Bitcoin is the most familiar virtual currency in the world, which can be easily traded in the domain kingdom. As long as investors judge the rise and fall direction of bitcoin price, they can make profits correctly, which is very suitable for novices.
5. In fact, bitcoin is very awkward now. Due to its own design, the total number of bitcoin is permanently fixed at 21 million. Therefore, this restriction makes it not universal and global circulation. At present, many countries do not recognize this kind of electronic currency. Last year, bitcoin was once popular, but the subsequent collapse of the platform made it more difficult for investors to accept the huge losses. Therefore, people in the instry did not see the sustainable development of bitcoin.
6. It is suggested that the owner give up and dig bitcoin mainly by GPU, that is, the processing chip on the graphics card. Home computer integrated graphics card can't be g at all. If the independent graphics card is NVIDIA chip, it's basically useless, because the most computing power is 160m / s, while the high-end card such as ATI chip 7970 has the highest computing power of 600m / s, and now the computing difficulty of mine pool is more than 900 million, According to the income ratio, the computing power of the machine is below 8g / S (8192m / s), even the electricity bill is not enough. It's meaningless to dig with a home computer for more than ten yuan a month. If you really want to dig, you should buy a mining machine, and now the difficulty of calculation has been rising. The reason is that many people don't believe that they have to dig with a home computer, so the number of retail investors is large, so the difficulty of calculation is rising, The effect is that they compensate for electricity bills and rece a lot of profits for professional players. Just a month ago, the difficulty was more than 700 million, which increased by more than 30%, harming others and self-interest.
7. Don't follow suit. The most important thing is to stop when it's good.
8. First of all, let's analyze the profitability of Mr. shoudan. The vast majority of teachers take the Commission of investors' transaction fees or the percentage of investors' loss funds. That is to say, once investors' funds enter the platform, analysts will never let you make money. If he deliberately yells counter orders to investors and investors lose money, then he is likely to be the second one
some shoudan teachers don't tell investors to control their positions, on the contrary, they let investors fight back. It can be very responsible to remind investors that the heavy position operation may make more money for one time, but in the end it will definitely be a dead end. Many people don't know what compulsory closing is even after the position explosion, because his teacher won't tell him at all. The first way analysts make money is through repeated trading by investors, so naturally, they hope that the more investors operate, the better. So there will be some teachers who constantly let you in, out, in and out. Frequent trading, resulting in the ultimate loss. In fact, this is what many friends call "single swipe". This kind of teacher is just pitching investors! If digital currency is cheated, it can be recovered by safeguarding rights. Don't worry.
some shoudan teachers don't tell investors to control their positions, on the contrary, they let investors fight back. It can be very responsible to remind investors that the heavy position operation may make more money for one time, but in the end it will definitely be a dead end. Many people don't know what compulsory closing is even after the position explosion, because his teacher won't tell him at all. The first way analysts make money is through repeated trading by investors, so naturally, they hope that the more investors operate, the better. So there will be some teachers who constantly let you in, out, in and out. Frequent trading, resulting in the ultimate loss. In fact, this is what many friends call "single swipe". This kind of teacher is just pitching investors! If digital currency is cheated, it can be recovered by safeguarding rights. Don't worry.
9. Compared with most of them, they are not reliable. Even if they are reliable, they can't make a lot of money. Thank you very much_ ∩)O
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