What Impact Does This Epidemic Have on Us (What Crisis Does This Epidemic Bring to Us)

08/20/2023 04:38 • Tech Ticker • 88 views

What impact does this epidemic have on us? Have you ever thought about what this industry is like now? Recently, there has been a wave of new fund projects in the cryptocurrency circle. Many newcomers are paying attention to the reasons and technical characteristics behind these emerging projects. One interesting development I have seen recently is the promotion of various air projects and MLM tokens on various platforms, and many people have started using these projects.

In fact, we all know that the sharp decline in the entire cryptocurrency market this year has raised doubts for many people: “Is Bitcoin a bubble?” But if you look closely, it is indeed the case! Although the price of coins has not changed much this year and is still rising (because most people believe that the market will continue to decline), it is still too early to say this, and even some investors have completely given up their positions. In the face of such uncertainty, there are still a large number of trapped positions and a large number of unprofitable altcoins in the market.

What crisis does this epidemic bring to us

According to a report on the website of “Finance” on January 11, due to the outbreak of the new coronavirus, the global economy has fallen into a severe recession. In this situation, it seems difficult for people to return to their original living standards.

But now the world has become more unstable, inaccessible, and programmable. Therefore, we need a new financial system to support our lives.

So what crisis does this epidemic bring to us?

Firstly, information leakage: Since the Internet era, no one knows when users can access their accounts; and these users’ funds are locked in a new ledger controlled by the government (the so-called “blockchain wallet”).

Secondly, network attacks and scams: Currently, more than 2 million bitcoins have been stolen and most exchanges have been affected. This has caused many trading platforms to close or freeze the accounts of all customers and related addresses to avoid the theft of cryptocurrencies; and some hackers use these vulnerabilities to invade the victims’ network nodes, causing their assets to be lost. Once hacked, they will sell off their digital assets, causing serious financial losses.

Finally, the market panic and greed index is 33-extremely pessimistic. If there is a large-scale drastic price change in the future, we will have to face pressure from the market. (Note: The author of this article is Wang Jiajian)

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What Impact Does This Epidemic Have on Us (What Crisis Does This Epidemic Bring to Us)

What crisis does this epidemic bring to us

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