Bitcoin Can Be Used As A Universal Currency. Is It A Hoax?

Today, the offshore exchange rate of RMB has risen sharply. In early 2017, the yuan did not fall by 7. Instead, there was a situation of RMB being slaughtered. Such money laundering and capital outflow will become difficult through bitcoin. As the price of bitcoin has skyrocketed, the cost of buying is higher and higher, and the devaluation of RMB has not been so big in the international market. Profits also started to clear up, and bitcoin prices suddenly appeared to be avalanche.

When bitcoin becomes an evading control channel, don't panic! This road may not work. With the skyrocketing price of bitcoin and the tighter control of foreign exchange control, is bitcoin really becoming an evading control channel? Investors can indeed transfer the bitcoins to the foreign exchanges, and then sell them to US dollars, but the exchanges outside the world limit their daily quotas every day. In addition, because each exchange is independent, the price of bitcoin on each platform is different. So it's not so easy to operate.

This is a roller coaster capital game, and participants are thrilled. Bitcoin broke through 8000 yuan and 1, and prices continued to rise. The highest price in the market was close to 9000 yuan and 1 yuan, and the stock market, bond market, foreign exchange market, commodities and so on were all eclipsed in front of it. Its record of nearly 9000 yuan is higher than the price of gold.

However, without any sign, it launched an avalanche, which once fell to 7100 yuan / up, down more than 20%, the decline is still expanding, the most tragic drop to 6600 yuan, plunging 25%, a time of blood flowing, investors wail everywhere. Looking back on the year of bitcoin, the cumulative increase is as high as 270%, killing many domestic investment products. Why does it flash?

Because bitcoin has accumulated a lot of profit taking after rising continuously, and the collapse is the result of centralization of profits. What's the difference between this and stock trading? Now the market has suffered a setback. Investors should not rush to copy the bottom. This bitcoin is amazing. What is the reason? It seems cheaper than buying a house, and the speed of raising prices is not losing the property market. Bitcoin, which has a Western name in English (BitCoin), was born in.2009, which is not controlled by the central bank and any financial institution. It is a digital currency in the form of P2P.

Compared with legal tender, bitcoin does not have a centralized issuer, but is generated by the computation of network nodes. Anyone may participate in the manufacture of bitcoins, and it can be circulated all over the world, and can be bought and sold on any computer that access the Internet. No matter where it is, anyone can dig, buy, sell or charge bitcoins, and in the process of trading, Chinese and foreign people can not identify user identity information. It seems that the threshold is very low. In fact, the connotation is profound. You have to understand computer technology, or else how do you dig the coin of bitcoin? In addition, someone must recognize bitcoin. Money making effect 。

Bitcoin is an electronic currency consisting of a series of complex codes generated by computer. New bitcoin is made by preset program. With the increase of bitcoin total amount, the rate of new currency manufacturing slows down, until 2140, the total amount of 21 million coins is reached, and the total number of bitcoins has been exceeded 12 million. Please remember that the biggest difference between bitcoin and other virtual currencies is that the total quantity is very limited and has a very strong scarcity. The total quantity will be permanently limited to 21 million.

Bitcoins can be used for cash and can be converted into currencies of most countries. Users can use bitcoins to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts, they can use bitcoins to buy real-life items. In the United States, there are senators sending an open letter: I hope that the relevant agencies can block bitcoins, why do they need to rush so hard to kill them? Because bitcoin's birth has disrupted the normal financial order.

For example, under normal circumstances, multinational remittances will go through layers of foreign exchange control institutions, and transaction records will be recorded on a number of occasions. But if you use bitcoin transactions to enter the digital address directly, click the mouse, wait for the P2P network to confirm the transaction, a large amount of money will be gone. Without any regulatory authority, there will be no record of cross-border transactions. In this way, governments in many countries are afraid.

So bitcoin is also dangerous, price may fluctuate, crash, multinational government may declare it illegal, but bitcoin and bitcoin huge P2P network will not disappear.

Before the government came to ban it, bitcoin began to lose ground. An American electric giant announced that it would begin accepting bitcoin payments. In addition, some foreign car rental and rental business began to accept bitcoin payments. What is even more amazing is that the "world's first" bitcoin ATM has been opened in Canada to handle the exchange between Canadian dollar and bitcoin. It has quickly welcomed a large number of people to queue up for business.

China's bitcoin trading accounts for 90% of the world's total, that is, the price of bitcoin is hot, and it is China's blow up, because bitcoin trading is a huge channel for money laundering and capital outflow in China. China has recently stepped up capital control and combating corruption. A large amount of funds can not flow out of China to the outside world. It is difficult to get out through normal financial channels. A large number of outgoing funds have chosen bitcoin transactions for money laundering and outflow.

How to operate it? Choose China. Bitcoin The trading center opens accounts, establishes accounts, remittances into accounts, and buys bitcoins. Then buy bitcoins from domestic bitcoin trading center to bitcoin wallet, this kind of bitcoin wallet is not subject to any supervision at present. And then to foreign bitcoin trading market, sell bitcoins, change into dollars, and finally successfully withdraw the dollar, the entire transaction process is completed.

At the same time, because of the devaluation of RMB, some speculative funds have also chosen to escape through the bitcoin trading center. These speculative funds have been covetous, and they are large enough to create a 90% share of China's bitcoin trading. Even the Russian genius speculators who were short of China's stock index futures in 2015 also chose to transfer their funds to foreign countries through the bitcoin transaction, but they were arrested by China only after they had not been transferred completely. Heaven and earth are great and slow.

Theoretically, bitcoin is almost impossible to achieve large exchange rate, because it is difficult to exchange foreign currency through bitcoin, and it needs to bear the risk of price fluctuation. The bitcoin trading platform in overseas platforms, especially in the US mainland, is much stricter than China, and the process of making withdrawals is more complex and costly. In addition, from the bitcoin market, in recent years, basically the domestic platform RMB price higher than the overseas dollar price, from the economic point of view, bitcoin exchange is not a viable path.

Moreover, the central government has a long layout. 2013, there are provisions: because bitcoin has a higher risk of money laundering and the risk of being exploited by criminals, it must be undertaken once it is discovered. Legal responsibility . If money is not made, people will be planted first.

As an investment product, bitcoin is a kind of investment with high income and high risk, but it is not a currency in nature. It has no national credit endorsement and no legal protection, because the process of searching bitcoin in the computer world is consuming electricity and so on, which does not generate wealth, which is contrary to the essence of money. Bitcoin is only through transactions to achieve the rise and fall of prices, it is easy to become a game similar to the stock market. People who will not play with the melon will quickly escape.

For more information, please pay attention to the world clothing shoes and hats net report.