In recent years, as the price of Bitcoin has skyrocketed, more and more content about virtual currency has appeared in the public eye. Virtual currency is an unregulated digital currency, usually issued and controlled by its developers, and used and accepted by members of a specific virtual community.
As the name suggests, "virtual currency" is not real money, and there are rumors of "bitgold, Wright silver, Infinite copper, penny and aluminum." Virtual currency became popular as early as 2013. It is well known to the public as Bitcoin, Litecoin, Infinitecoin, quark coin, Zeta coin, Barbecue coin, red coin, prime coin and so on. There are hundreds of digital currencies issued around the world. However, virtual currency does not have the same legal status as currency, and cannot and should not be circulated and used as currency in the market, and citizens' investment and transaction of virtual currency are not protected by law.
On June 19, Bitcoin fell from grace.
Bitcoin in the day twice breached the $18,000 mark, the lowest down to $17,600, more than 120,000 people burst positions, the scene that called a tragic. Some netizens said that they wanted to get rich, but became rich. Rumor has it that bitcoin is a tool for capitalists to make money. Is that really the case? In fact, in the currency circle, even the rich with rich capital, but also unavoidable bleeding time. The record loss rate has caused players to lose so much money that some are calling the bitcoin rich "poor overnight."
Take Bitcoin as an example. Ten years ago, the price was still 999 DOLLARS per coin. On March 2 this year, it reached the historical peak of 68928.9 dollars per coin, increasing by nearly 70 times. Now cut out the equivalent to send out a value of 300,000 or 400,000 yuan luxury car, as expected, this game is not ordinary people can grasp, the most outrageous is some time ago announced the excitement of "bottom" bitcoin, but also as its own legal tender small El Salvador, now estimated to have fainted in the toilet crying.
Chinese has been called the world's richest man Zhao Changpeng assets 570 billion yuan, established his wealth comes from its virtual currency trading platform biance (currency), played the currency's friends know this platform is one of the domestic currency trading platform, with the established platform, combined with the fire, where the currency Zhao Changpeng rapidly accumulated great wealth, However, in this round of slump, the wealth of the richest Chinese has lost 577 billion, the richest man almost "negative".
Since April, the price of Luna, another virtual currency similar to Bitcoin, has plunged from $119.18 to $0.12. ", along with other virtual currencies such as Ether, Ripple, Teda and so on, these virtual currencies in the wave of the crash is a lesson for investors. As Warren Buffett says, invest in things that create value, and virtual money is a virtual asset that you can't see or touch in the real world, and you don't know why it disappears. Therefore, when investing, you must think carefully about whether to make value investment or "earn and run". If it is the latter, just play with it. Do not be brainless, let alone think about adding leverage, or it may not be as simple as "working for 10 more years".
The recent price collapse in the virtual currency market can probably be attributed to a combination of internal and external factors. Burst from the internal market, mainly consensus leads to the lack of liquidity in the market caused a chain reaction that makes the previous through high leverage to maintain the prosperity of burst, the market panic, disappeared as consensus triggered panic selling significantly increased, leading to a serious shortage of liquidity in the market, many projects will also face a liquidity crisis. Externally, many central banks, represented by the Federal Reserve, have continued to raise interest rates this year, coupled with the apparent tightening of virtual currency supervision in various countries, making many investors less optimistic about the future trend of the virtual currency market. "Therefore, for ordinary investors, it is all the more important to remain calm and rational in this extreme situation, especially not to try to use high leverage to make money beyond cognition. There are risks in investment and it is necessary to be cautious about bottom-fishing."
At present, the internal assets of virtual currency market frequently appear explosive phenomenon, that is, the bubble risk accumulated in the market has reached a stage peak, virtual currency has indeed entered a bear market. Coupled with the Impact of the Federal Reserve rate hike is continuing, it can be worse. As volatile crypto assets, virtual currencies such as Bitcoin are also vulnerable to market panics and sell-offs. Therefore, in the short term, market sentiment is difficult to repair, prices are still likely to continue to fall. Even if there is a stage of warming, do not rush to bottom, do not make moves easily. So we advise investors to be careful of the currency circle crisis!
Finally, still give each investor people a advice, do oneself ability place to be able to bear the thing in range, must have oneself thinking and judgment to each investment, do not follow suit! Otherwise banker's sickle sooner or later one day will swing to your body, when the time comes that can be really want to cry without tears!