Even for gold, which is called "hard currency", the price of gold will not only rise but also fall. There is no bubble in gold itself, but if the price is too high, there will be a bubble, and the bubble will eventually burst, as will virtual currencies such as Bitcoin. The more common virtual currency is, the closer the value of bitcoin is to zero.
This pure computing currency with digital symbols has no asset support, no financial revenue and expenditure, no cash reserve and no use value. It is just a circulation symbol in itself. Once the credit guarantee is lost, it is a pile of beautifully printed waste paper. Investors should be alert, there is no so-called safe investment in this world, and all investments are risky.
The People's Bank of China and other departments issued a document to severely punish the above acts, making it clear that token trading is not protected by law. As some virtual currency trading platforms turn overseas, speculative money has also turned "underground". In the face of constant renovation, government departments should continue to strictly supervise, constantly upgrade supervision means and capabilities, continue to increase publicity and crackdown on popular science, and prevent people from being deceived.
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Investing in virtual currency is more of a speculative behavior. Investors should strengthen their awareness of risk prevention and their ability to identify. Don't involve money transactions without confirming the identity of the other party. Believe in low-risk and high-yield investment products, especially don't join unverified investment and wealth management groups at will. These are often traps carefully designed by telecommunication network fraudsters.
It is best to take your children to buy investment and financial management, and learn from official and authoritative channels, and report to the police in time if you find that you have been cheated. Protect all kinds of account passwords and identity information properly, and don't tell others easily. Anyone who mentions the need to transfer money and remit money should be highly vigilant and seek advice from trusted acquaintances.
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