The cryptocurrency will reappear in the week of the "Flash Crash".

The cryptocurrency has passed the bloodbath again in a matter of weeks. On December 5, a Beijing Daily Trade reporter reported that on December 4, many currencies including Bitcoin, Ethereum, Binance Coins, and Dogecoin all experienced declines. Among them, Bitcoin fell more than 20%, while some platform coins and altcoins fell more than 40%, which was once almost half.

The cryptocurrency resurgence on the cliff appears to be on the wane.

On December 4, the virtual pools collapsed on the cliff. Among them, major coins like Bitcoin and Ethereum fell more than 20%, platform coins like OK Coins and Binance Coins fell 25%, Other altcoins like Dogecoin and Pong Coins fell more than 40% , more than 50%. ,% or 60% This shows that the price of Rado has been halved.

After falling on December 4 at 10:40 a.m. on December 5, Bitcoin's value was estimated at $ 48,884, down almost 30% from its previous high of $ 68,990, and other virtual gains continue to decline. . However, as of 5:17 p.m. on December 5, the value of virtual currency recovered with the new asking price of Bitcoin at US $ 48,937 and the asking price of Ethereum at US $ 4,177.

The rise and fall of virtual currency has become a staple in the industry, but these drops have also attracted a lot of attention. Following the weekly depreciation of virtual currency, some media reported that it was mainly affected by the spread of the virus by the new Omi Keron virus. It directly or indirectly promotes the integration of virtual currency in Europe and the United States.

At the same time, some schools urgently considered the oversupply or declining value of virtual flash. Nearly $ 600 million in liquidation at the start of the Bitcoin futures position opening within an hour of the fall in Bitcoin's value, according to data tracked by currency news site Coinglass. In addition, according to a recent Aoshu Research report, open ended Bitcoin futures have held more than 365,000 lots for more than a month, and it does not mean that these open positions will remain high for the next one. period, which is a symbol of market leverage. degree can be indicated. too high.

In fact, after Bitcoin hit an all-time high on November 10, its price has generally fallen since then. In an interview with Beijing Business Daily, Professor Pan Helin, professor and director of the Digital Economy Research Institute of Zhongnan University of Economics and Law, said: temporary 'that the chairman of the Fed Powell has resigned due to the Fed's financial restrictions. The belief in the global currency of virtual currency.

"It also shows once again that cryptocurrencies are volatile. Virtual currencies have no cash back and no liability. They are private coins. It can be done. Consumers should avoid heights.

There are also speculators who are trying to make money

What many people don't realize is that before and after the price of virtual currency rises, “the best time to enter the market” is the best value for money.

Use, for example, Li Hua (smart name), who has seen the benefits before. He told reporters at the Beijing Business Daily that whenever the economy goes up or down, it's time to enter the market. Li Hua said, "This is because we believe that there will be an opportunity for recovery in the near future after the prices drop sharply. At this point, we will choose to buy or buy."

However, this type of multi-weather sport is very dangerous. For Li Hua, every open letter is an event of support for Li Hua. Li Hua told a reporter from the Beijing Business Daily about his experience signing the contract. When he saw that the market for virtual currencies like Bitcoin and Ethereum was declining, he chose a currency platform to allow for long-term operation. "The results are gone and we are waiting to come back." However, he did not expect prices to fall further. "I almost stole the main one in just five minutes."

“Again, I signed a contract for 10 times. At first I suffered, but then the price went up a bit. I didn't know it would be two days. Together. I don't even think about it. I eat. I lose. Money because I am full. I am very tired physically and mentally, "Hua Li Hua said.

A case like Li Hua is no different. This type of contract is also called futures trading, which is the futures market model for a futures product. One is to take less time to return back and forth, and the other is to upgrade to get bigger with smaller results. Hundreds or thousands of leverage reported by contracts and market exchanges has made existing markets more volatile, riskier and crazier.

According to the contract, as of 10 a.m. on December 5, a total of 168,300 jobs had been completed in the past 24 hours, with a total allocation of up to $ 636 million pledged (4.55 billion yuan). Even more shocking is the cost of liquidation the day before. According to media reports, as of 8:00 p.m. on December 4, a total of 417,000 people had been employed in the past 24 hours, and virtual currency contracts expired for a total of $ 2.584 billion ($ 16.475 billion contract) .

Some of you may be confused at this point, but can that change any parts? How can I still open a leveraged contract? That said, the anger of the players is inseparable from the “supply” of certain institutions. In fact, there are stock exchanges and financial companies that are more human finance dreams for those looking for higher prices.

The current business benefits are endless. In addition to the currency level, many Baidu Tieba and Telegram users to exchange trading benefits, and even registered users participate in the exchange. In China, there is still an open space for home users and new users.

An insider on the recent problem told a reporter for the Beijing Commercial Daily that many stock exchange partners have recently raised their heads, pushing up high prices in the community, and inviting friends to sign up for the coin trade. ; Some exchange staff even say they can teach new people how to create an account on the wall and entice new people to open an account and take advantage of the business. .

“Now there are a lot of pyramid schemes and scams out there that lure people into the world's money, and they appear in the name of training courses or group investing.” Investors should be aware of these risks and be wary of fraud during negotiation. Su, Senior Analyst, Analysys Xiaorui warned that virtual results carry many risks and risks, and the need for scrutiny must be met. Schools and staff involved in related activities must be free of chance. , be clear about these behaviors and the rules of procedure, and not interfere with the breach of the cryptocurrency as soon as possible.

The overseas management of mining and industry has been restructured.

In fact, whether it's mining or cryptocurrency trading, the watchdog has recently been overhauled.

On December 3, the Hainan Province Development and Reform Commission announced and decided to draft a "Notice of concern about the impact of electricity prices on financing" Mines "Fire. electricity ”(hereinafter referred to as“ the Notice ”). The various electricity tariffs applied to industry do not include virtual profit "mining" operations, and the differential rate is 0.8 yuan per kilowatt hour (per kilowatt hour of electricity).

"Notice" strengthens the supervision of the order of the electricity industry, strengthens the review of users directly involved in the electricity industry, and does not allow users "holdings" of virtual profits to participate directly to the e-commerce industry under one name. I was shocked. “Mining” profits are not allowed. Consumers appreciate the promise of the electricity trade in one way or another. The virtual profits of "mining" users directly involved in the electricity industry must withdraw within the allotted time and transfer to the grid company to buy electricity as an agent.

Regarding the virtual currency market, in September this year, many departments released a report clearly indicating that the virtual currency market is affected by the financial market is not legitimate, when establishing full control of the virtual result and indicate improvement. Illegal markets such as fiat and virtual currency exchange market, virtual currency exchange market, virtual currency market as a base for sharing, brokerage of information on virtual currency exchange and provision of services are strictly limited;

The industry hopes the consequences will further strengthen the monetary and monetary regulation of the virtual currency market, further enhancing the impact on the blockchain industry.

Pan Helin said that "compliance always rests on the principle that virtual and virtual financial institutions should be completely excluded," he said. is necessary to increase the risk for business investors. "