Why is Korea trying to break all Bitcoins? The game with America deepens and its stereotypes are shattered

Bitcoin has been very popular in recent years and people who play Bitcoin early on have a lot of money too, but what is it? To be honest,Now that China has withdrawn all Bitcoin, its reputation in China is not what it used to be and its value has plummeted since the rebound.

More interestingly, Bitcoin has fallen to $ 30,000 twice in the past two months. This is directly related to us. Why our country is trying to make Bitcoin more influential overall? From a visibility standpoint, this is the result of an outcry between China and the United States.

1. Bitcoin country is broken

On May 18, our joint venture announced a statement defining virtual currencies such as Bitcoin as a currency that has no real value and whose value can be easily managed.After the news broke, the price of Bitcoin plummeted and immediately fell to $ 30,000. Note that in April it was still worth over $ 60,000.

On May 21, the Financial Services Commission looked directly into violations of Bitcoin mining and trading. two things. When Bitcoin came out it was on the declaration of control, but after years of development even though it was direct it couldn't be used to make any real profit, that means it can't be used for daily consumption like shopping. I go home and buy some food. Wait.Players have to convert it to fiat by using it and then use it on fiat. In other words, decentralized Bitcoin cannot interfere with reality.

In fact, it's easy to remember Dutch Tulips, which are still profitable and offer some value, but are not legally recognized competitors. By turning their attention to Bitcoin for financial supervision, you will have a means of tracking and being able to control for as long as you want to convert consumption into currency, thus preventing coins from returning with your money at the management level. . The most common thing in China is to move the card, and if the bank card is involved in a virtual currency exchange, we freeze the debit card as soon as it is found.

A month later, the central bank called ICBC Alipay and some banks about the hype of the virtual currency exchange, after which the financial application also announced a ban on using their services to generate virtual benefits. After some spordic banks in the past banned virtual money,Bitcoin players also say that if the bank restricts virtual currency trading, they will not work with any bank, but the problem is that now in central bank consolidation at hand, all banks are restricting currency trading. Virtual,So, can't Chinese people use a home debit card anytime they want? Obviously not.

No matter how much money you earn, Bitcoin is only profitable when it is used for trading and consumption. No matter how much money you have, there's nothing you can do.

2. Bitcoin players lose a lot.

After the central bank broke the news, more states and cities began to make virtual profits.

The first place was Inner Mongolia. Inner Mongolia, where there are many mining farms, has a lot of bitcoin, but since joining the first group, China's largest bitcoin mining site has been concentrated in Sichuan.

After the news broke, some Sichuan players were skeptical that Sichuan was big and wealthy and virtual rewards would not be available, but the reality was applauded by them.After the close, Sichuan liquidated the bitcoins.. Anyone who knows Bitcoin knows that Sichuan is rich in hydroelectric investments. Many gamers are using cheap mining here knowing that they can get 1 kilowatt of electricity for 2 cents. Lack of adequate water and electricity caused enormous waste in the Sichuan region, and all that money went to Bitcoin owners, but the workers were not given much money.

Currently, global bitcoin mining uses 120 billion kilowatt-hours of electricity per year. As more mining companies join military mining, every year by 2024 Bitcoin mining will consume 300 billion kWh of electricity per year and emit over 130 million carbon emissions. .These pollutants are one of the most polluting industries in our country, and most importantly, they are of no real benefit to humans.

It is therefore not surprising that Bitcoin is dominated in China. Besides these obvious reasons, what is the deepest reason for the highest Bitcoin in our country? In fact, this also applies to the game of Central America now.

3. Improve international competition

To this day, it is not clear how Bitcoin came into being, and much speculation about its history, many speculate on Bitcoin due to Satoshi Nakamoto's disappearance and no one knows who he is. Musk, some say it's the CIA, some say it was created by the Federal Reserve as a spare wheel for the global currency. However, there are so many opinions, why do so many people think it has anything to do with America?

In the past, Wall Street institutions have partnered with Bitcoin, increasing its value from $ 10,000 to $ 60,000. Do you want to join the Bitcoin hype? There must be a deeper reason behind this.

In the past, it has been argued that because Bitcoin soared to $ 60,000, US capital used it as the US money market to crush more US dollars and avoid inflation., these words are and are not. The reason this is wrong is that it is difficult to use it as a reservoir as virtual currency. After all, his life is like a stock. It can be bought and sold, and needs to be transformed from used to used in real life.

4. The advantages of Bitcoin in the United States

What's good for the United States means that Bitcoin can lower the cost of flooding and prevent inflation. Why? Frankly speaking, capital is a way to change wealth.

For example, if your investment was $ 100 billion to buy Bitcoin, the same amount of Bitcoin would be sold at the same time. But the essence of the problem is that the number of people who buy and sell is not the same. The Wall Street capitalists have a lot of money. They can easily spend thousands of dollars to buy Bitcoin, but not all Bitcoin players can. Many investors will gamble after the capital is withdrawn to raise capital.

As the value of cryptocurrencies continues to rise, more and more investors are joining us. The market is like that. As the stock market rises, more and more people will participate in the forecast.At the same time, as the market rose, units of capital with a high chip content continued to be sold and these chips were distributed to consumers, which ultimately generated profits. The Truth About Bitcoin. Give it bluntly, it's money. The capital is earned, but the risk comes from the trader.

From an economic point of view, the higher the wealth, the less likely it is to be inflation, and only consider what inflation would be if wealth were divided in the same way. As an example of Japan, over the past ten years, Japan has issued a lot of banknotes, but the income of banks and the rich, not into the hands of the people. Why there is no inflation even though Japan prints money

So if the value of Bitcoin continues to rise, it could lower inflation in the United States, but it is a serious sin, at the cost of plundering human finances.

5. The advantages and reasons for the crackdown on Bitcoin in Korea

Bitcoin is not only spread and publicized in the United States, it is spreading all over the world. This means that Wall Street capital can attack the rich all over the world by controlling Bitcoin. If we understand this, it is not easy to see why the country should break Bitcoin mining and trading. Because for our country, illegal profits will not be allowed to deprive people of their money.

Therefore, the difficulties of our country at the moment is actually a kind of defense system to protect the equipment itself and not be stolen by other countries.For some players, this will mean ruining their fortunes, and they will see the country as an enemy. They, like the red-eyed players, don't know what the country is thinking, but there is nothing they can do about it. Things know the truth only when they fall on their own.

Bitcoin's life is very risky, if Bitcoin is broken it will plunder the huge Wall Street financial system in the United States which will have a great impact on our national economy. Therefore, even from a simple risk-taking perspective, the home-based business will not turn out to be in virtual currency. What we do is we have to defend.