Why can’t encrypted digital currencies circulate in China (Why are cryptocurrencies unstable)?
Why can\’t encrypted digital currencies circulate in China? People are increasing
Why can’t encrypted digital currencies circulate in China? People are increasingly concerned about the impact of the Bitcoin price crash on its value. Why can’t encrypted digital currencies circulate in China?
Firstly, from a technical analysis perspective: most encrypted digital currency trading platforms are currently operated by overseas exchanges or companies in mainland China. Therefore, their relationship with Chinese law is not close. However, if investors have sufficient information and understanding of the relevant knowledge, they can know what currency they are buying. According to data from CoinMarketCap, the market for encrypted digital currencies has grown more than tenfold since April 2017, according to data from the US Securities Exchange.
The second factor is regulatory issues:
For any country, strict regulations should be followed to manage its financial activities; and for individuals or institutions engaged in such activities, they should maintain a cautious attitude towards this information.
Why are cryptocurrencies unstable
According to an analysis by Coin Cryptorama, the price of Bitcoin has been continuously falling in the past year. And recent market trends have shown some problems, such as Bitcoin price dropping below the $10,000 mark. Why are cryptocurrencies unstable? The first issue is price volatility: when people buy a new digital asset (usually), they sell it to another person; when you put these things into the market, you see the price rise; if this happens, another situation occurs – your money is transferred, which means the value of their token is reduced or devalued. (Bitcoinist)
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