www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Make me your Homepage
left corner left corner
China Daily Website

Bitcoin rollercoaster hits China, challenging supervision

Updated: 2013-11-22 10:59
( Xinhua)

Bitcoin rollercoaster hits China, challenging supervision

Mike Caldwell, a 35-year-old software engineer, looks over bitcoin tokens at his shop in Sandy, Utah of the US, April 3, 2013. Caldwell mints physical versions of bitcoins, cranking out homemade tokens with codes protected by tamper-proof holographic seals, a retro-futuristic kind of prepaid cash. [Photo/icpress.cn]


BEIJING - Bitcoin investors in China might have passed the most restless two nights of their lives as the virtual currency price rose from a little over 3,000 yuan to nearly 7,000 and dropped back to 3,500 yuan from Tuesday to Wednesday on the country's biggest trading platform.

High investment risks have begun to concern them, despite huge returns.

Bitcoin, a form of digital e-money stored in a virtual wallet, bypasses banks, allows users to remain anonymous and came to the Chinese public eye in April this year, when movie star Jet Li's One Foundation received a donation of several hundred Bitcoin to help quake-stricken Sichuan.

The "currency" has been heating up ever since, especially when China Central Television reported on the evening news of Oct 28 that Canada has set up the first Bitcoin ATM machine. Investors went even crazier when the country's largest Bitcoin trading platform, BTC China, received an investment of $5 million on Monday.

The platform's daily volume of business has exceeded 10,000 Bitcoin, or over 200 million yuan now.

While some applaud creativity and the revolutionary character of the "crypto-money," many consider it a new kind of investment. Only a few noticed the high risks behind the Bitcoin craze and drew back, as industry researchers and insiders, economists and sociologists looked on.

Currency,derivative or bubble?

"Bitcoin is hardly a revolutionary product," said Zhang Yuewen, associate researcher at the Institute of Finance and Banking, the Chinese Academy of Social Sciences.

Zhang said in essence, Bitcoin trading is no more than privately manufactured money circulating on the internet.

"Some communities issue vouchers for residents to use as a means of payment within the community, and the community for Bitcoin is the worldwide web," said Zhang.

Some economists share Zhang's opinion, thinking it is all too early to define Bitcoin as a new currency.

"Bitcoin is accepted by a few platforms and websites for payments, one of the fundamental functions of a currency," Zhang said.

"The value of Bitcoin does not rely on the economy of any country or the financial performance of institutions. All that counts is market confidence," said Gao Chaoxin, an investment manager with the Beijing-based Yeequn Investment & Holdings Ltd.

Gao said lack of liquidity, a small market and low recognition mean Bitcoin may not last long. Investors who entered the market early rode on too many rollercoasters.

"It's 'tulip mania' all over again," said Ye Liming, president of an asset management company in the city of Wuhan.

Ye said such wild price fluctuation is normally not good for ordinary investors.

Liu Bo, a graduate student majoring in computer science, said he bought five Bitcoin for 600 yuan each earlier and had earned more than 20,000 in the past few days, but he won't stay in the market.

"It's too scary. Speculators are too crazy," Liu said.

Despite concerns, many more Chinese have swarmed into the market.

Virtual currency a bit overpriced for the real world

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 日韩欧美一区二区三区在线观看 | 国产精品自在自线亚洲 | 色综合久久加勒比高清88 | 欧美一级三级 | 成人国产精品免费视频 | 欧美午夜精品一区二区三区 | www.欧美成人 | 手机看片日韩国产一区二区 | 亚洲精品第一国产综合野 | 亚洲成a人片在线观看中文 亚洲成a人片在线观看中文!!! | 亚洲高清在线观看 | 永久网站色视频在线观看免费 | 中文字幕乱 | 深夜成人性视频免费看 | 国产精品国产三级国产专区5o | 欧美一区二区三区精品影视 | 亚洲欧美精品久久 | 毛片网站在线 | 久久99久久99精品免观看 | 日本黄大片影院一区二区 | 午夜在线伦理福利视频 | 日本xxxb孕交 | 91精品久久一区二区三区 | 国产激情自拍 | 国产高清一区二区三区四区 | 一级毛片免费播放 | 亚洲一区二区三区四区五区六区 | 高跟丝袜美女一级毛片 | 欧产日产国产精品精品 | 国内精品伊人久久久久妇 | 男人透女人超爽视频免费 | 亚洲综合视频网 | 成人午夜久久精品 | 久久久国产精品福利免费 | 亚洲欧美日本人成在线观看 | 久久精品免费在线观看 | 日韩午夜在线视频 | 精品视频 久久久 | 国产欧美网站 | 成人自拍小视频 | 好看欧美视频高清va |