wholesale body jewelry plugs The price of Bitcoin has plummeted to $ 48,000, what is the main reason for Bitcoin to rise and fall?

copper jewelry supplies wholesale Bitcoin prices plummeted to $ 48,000, causing many reasons for Bitcoin to rise and fall. One of them was the recent capital investment and hype. With the rapid development of the Internet economy and network technology, a new type of open source currency Bitcoin, which is different from traditional virtual currency. Bitcoin has initially formed a relatively complete industrial chain and market, and has become a popular financial investment product. At the same time, it provides new ideas for the reform of e -commerce payment methods. But the price of Bitcoin fluctuates a lot. Since its birth, its price has experienced several sharp rise and declines. The main reasons for the ups and downs of Bitcoin are the following points.
First of all, the status of Bitcoin is awkward, and he is not protected by the country. At present, most mainstream digital currencies use some strict password systems. Unless major changes have been made in certain digital fields, its security will be guaranteed. However, when the price of digital currencies rises, many account theft and other situations will occur on the trading website. The hacker is not capable, and there is no need to attack the digital currency system itself. Hackers need to steal users' digital currencies through the Trojama procedures, software and operating system vulnerabilities, trading platform system vulnerabilities, etc. Due to the anonymity and decentralization of mainstream digital currencies, even if the police discovered the trend of stolen currencies, they did not lock their users.
In more importantly, because there is no corresponding arbitration unit, the victims cannot appeal. Even if the lawsuit may be filed, because the criminals already have a private key, and the victim has no other way to prove the ownership of the account, which will make the final judgment more difficult. Operation risk of new digital currency: Although the principle of cryptography and blockchain -based technology that generates new digital currencies is not easy to crack, trading platforms and accounts still have the risk of stolen. How to ensure that the security of the keys on the platform is a severe challenge in the industry.
Secondly, its use is not very wide. Because more and more people use it as an investment product, it may lose the circulation function of the currency. Bitcoin can be easily used for transnational money laundering activities This has attracted the attention of financial regulatory agencies. Theoretically, if the funds are transferred from China to the United States, you only need to convert the RMB in the exchanges supporting the Chinese account to Bitcoin, and then sell Bitcoin in the exchange of American bank accounts and extract it Just accept it. Multinational capital transfer is usually strictly supervised, and the cost of illegal underground transfer is very high. Bitcoin, as an intermediary, can quickly achieve capital transfer at low cost.