Popularizing cryptocurrency payment has been difficult to achieve so far. It must be supported by the government to become a reality. For example, the United States, Japan, South Korea and other big countries are increasingly strict in the supervision of cryptocurrencies, and waiting for "compliance" can be said to be in the foreseeable future; On the other hand, in Little Vietnam, the Vietnamese authorities have not yet determined their attitude towards cryptocurrency. The State Bank of Vietnam (SBV) clearly stated that Bitcoin is not a payment currency, but it did not prohibit Vietnamese citizens from trading and owning Bitcoin. SBV has promulgated laws on cryptocurrency, which is regarded as an illegal payment method in the local area, and the country's securities regulator has also warned domestic companies and investment funds to stay away from cryptocurrency.
Secondly, assuming that cryptocurrency is really popular, the price of currency will never fall!
There is a great possibility of ups and downs, and the whole will tend to a stable state like "legal tender". Once cryptocurrency is popularized, its nature will be closer to legal tender-more stable, safer and lower in cost. Under the premise of no big impact, the probability of a sharp drop in the price of the currency is negligible!
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The answer is taken from WeChat official account: Honeycomb Financial News.
Original title: "trading platform" war "burning to the incremental market under Vietnam's demographic dividend"
No, because each currency represents different projects, ideas and needs.
Whether it goes up or down depends on the change of demand. The increase of permeability will undoubtedly create more demand, and generally speaking, it will support the price more strongly.
But the price will fluctuate, and in some cases it will even go out of a very strange market. The world is a complex whole, and many factors will affect a specific thing. Therefore, specific problems are analyzed in detail.
For cryptocurrency, we need to understand that this is a huge social experiment at the level of production relations. Personally, it is an irresistible trend in recent ten years. Humans always give new things that promise a bright future a chance to stand on the stage and perform real technology. Whether you can succeed in the end depends on whether you are coaxed out of office. Just like some doctrines, as long as the vision is attractive enough, there must be bright spots. I don't deny that this experiment may fail in the end. Many things are unpredictable now. But as long as cryptocurrency has not taken the lead in a certain country, its road ahead is still bright.
A man I respect said something two days ago, which I think coincides with mine. Let's share: Where is the killer application of blockchain? First money, then governance, then privacy.
He didn't talk about any specific App, because the current infrastructure is not good, and it has not yet reached the stage of producing practical apps. First of all, credible, frictionless and value-neutral currency must become the basic data type of the next generation Internet, so that the exchange of value can be as smooth as the exchange of information. This is a killer application of Bitcoin. The killer application of public chains such as Ethereum is governance. By providing smart contracts and other characteristics, the core of building an infrastructure for efficient cooperation between people is the credibility and willfulness of the rules of the game. Under certain triggering conditions, the smart contract will be automatically executed, playing a perfect master. Regarding the importance of privacy, he believes that there is no freedom of speech without privacy, and there is no market and economic efficiency without freedom of speech. Of course, this is also the basic content of economics, which is not new. Many coins can be foreseen in the future, and the transaction privacy will be strengthened. After the introduction of the function of storing a single signature instead of multiple signatures, the traceability of bitcoin transactions will become difficult. This will be a blow to those who lick supervision, but it is not the fault of Bitcoin, but these people simply don't know the profound truth behind it.
Speaking of supervision, I just want to add a concept about supervision right. Bitcoin, as well as pure community currency without fund-raising and control institutions, is a kind of civil freedom under the western democratic system, and open source code can be treated as freedom of speech in law. As far as the government is concerned, there is no constitutional right to interfere. The only thing we can do is groups with real interests, such as exchanges and other service organizations. However, just like the individual practices of countries such as Switzerland in banking, it is difficult for countries to unify their positions. That's why the US Treasury Secretary said that he would stop talking about Bitcoin in ten years. First, he has no right. Second, many of his colleagues are already in the water, and the power to issue licenses lies in each state. What can he say? He can only use Libra to show the tiger's ability. Many people in China think it is strange that the United States does not ask Bitcoin, but uses mortgage assets to manage a stable currency. In fact, I don't understand other people's legal system.
That's beside the point, Wan Li. I admit that I'm just making use of the topic to talk about some issues that my friends care about. Please forgive me.
Once cryptocurrency payment becomes popular, the price of virtual currency will definitely rise. In fact, cryptocurrency payment is on the way now, and it has achieved a good experience. Governments all over the world are actually testing and practicing. For example, radar currency has been realized in cross-border payment in many major countries, or global payment has achieved brilliant results. Governments all over the world know it well, but many people don't. Radar currency and governments of various countries have reached * * * understandings, such as cross-border payment, free exchange, and exchange of French currency, and it is basically over. Governments are silent about this, because they can't talk about it, mention it, advertise it, and have no interest. This is unnecessary. Virtual currency is a storm. When energy accumulates to a certain extent, it will inevitably erupt. At that time, governments will come out and make some explanations. Looking back, Facekook's performance was dwarfed. Everything he did, in fact, was what Radar Coin was doing for more than five years. Both technically and socially, it is healthy and stable. In Zhou Xiaochuan's words, there may be a more powerful virtual currency in the future, but it may not be Facekook. In fact, there is already a message. Who is this powerful virtual currency? What you know and what you don't know are like looking at flowers in the fog. What you see is not necessarily true, especially in the virtual world. The redistribution of wealth is determined by the universe and heaven. It depends on whether you have virtue, not whether you are an expert, scholar or government official. A virtuous person deserves a wave of wealth, and you don't need to understand it. It depends on whether you have that life and luck. Some people shout, it's impossible, it's a scam, but they don't know anything, they are all self-righteous.
What's the gap? It is the rise. Can a person speculate on real estate prices? Of course, a wave of speculation is interesting.
Once cryptocurrency payment becomes popular, will the price of currency drop sharply?
No, it should be the opposite. The more people use cryptocurrency, the less money they can provide. Theoretically, it should be a shortage of money, which will push up the price of money.
No matter what kind of goods, as long as there is a shortage of supply, the price of goods will be greatly increased in a short time until the supply and demand balance, or even the supply exceeds demand.
The emergence of cryptocurrency is more about the industrial upgrading of a certain industry or enterprise or ecological field. The so-called tokenization is to break the previous enterprise shareholding system. After the enterprise is tokenized, more participants will participate. It is said that the world is bustling for profit. After tokenization, it can be said that ordinary grass-roots employees have an opportunity to invest in a company, and the cost of such participation is not as high as that of stock funds. The more participants, the more abundant the cash flow released by the enterprise through token. In this way, there will be more funds to develop products, open up markets and recruit franchisees or agents. These participants can also use token for circulation. This has become a self-motivated and self-circulating ecology, so the value of Bitcoin will increase the price of digital currency in the secondary market. As long as there are many people involved, the enterprise is doing something valuable, just like Alibaba's stock is difficult to return to zero today. The price of Bitcoin today is determined by him, the originator and pioneer of digital currency, and many participants. Every kind of digital currency has its ups and downs, but in the long run, these digital assets are valuable and meaningful, provided that they are valuable. thank you
Of course, it will not fall sharply.
Moreover, it has risen sharply. At present, few people understand and use cryptocurrency payment. Once popularized in the near future, it will be used by the public, which will greatly improve the mobility and utilization rate of digital currency. The higher the ratio, the higher the price, except for the stable currency USDT.
When cryptocurrency is used as a means of payment, the probability of price increase is much greater than the probability of price reduction.
The reason for this is the following：
1. can be used as a means of payment, indicating that the audience's recognition of cryptocurrency is very high, forming a public knowledge that cryptocurrency can also be paid like legal tender. It also shows from the side that the underlying blockchain technology is reliable and can solve some pain points when paying legal tender, such as counterfeit banknotes and exchange rate exchange between different currencies.
2. After the popularization of cryptocurrency payment, an inevitable result is that the global wealth flow will be faster and more convenient than ever before. More and more people will choose to use cryptocurrency to pay, and the number of cryptocurrency issued is generally limited (excluding the stable currency endorsed by legal tender, such as USDT), which has caused the situation that things are rare and expensive, so the price of cryptocurrency will rise.
According to Wikipedia, Cryptocurrency, also translated as cryptocurrency and cryptocurrency, is a trading medium that uses cryptography to ensure the security of transactions and control the creation of trading units. Bitcoin became the first decentralized cryptocurrency in 2009. After that, the term cryptocurrency refers to this kind of currency.
Can be used as a means of payment, indicating that the audience's recognition of cryptocurrency is very high, forming a public knowledge that cryptocurrency can also be paid like legal tender. It also shows from the side that the underlying blockchain technology is reliable and can solve some pain points when paying legal tender, such as counterfeit banknotes and exchange rate exchange between different currencies.
The number of cryptocurrencies is limited. For example, the quantitative circulation of Bitcoin is 2 1 10,000 pieces, and it will all be dug up by miners in 2 1.40 years. This scarcity makes many people see the value of cryptocurrency, which is a feature that legal tender does not have in our real life.
When Bitcoin was born, the first decentralized cryptocurrency was born. Many investors said that they like cryptocurrency because "the cryptocurrency market has great value-added potential and market expansion space" and "the freedom that new financial technologies can bring".
Assuming that cryptocurrency is really popular, the price of currency will not fall!
There is a great possibility of ups and downs, and the whole will tend to a stable state like "legal tender". Once cryptocurrency is popularized, its nature will be closer to legal tender-more stable, safer and lower in cost. Under the premise of no big impact, the probability of a sharp drop in the price of the currency is negligible!