Bitcoin is a virtual currency. In recent years, the upsurge of virtual currency is increasing year by year. Because of its high encryption and security, virtual currency is favored by many people. In addition, bitcoin is still issued in limited quantities, with only 20 million pieces for one * * *, and the number of bitcoins will not increase again, which means that the holders of money do not have to worry about too many bitcoins. To be honest, due to the high security performance of Bitcoin itself and the limited number of issues, the price of Bitcoin can be described as rising with the pursuit of speculators.
Like other virtual currencies, Bitcoin is a worthless virtual currency. Although it is sought after by many people, the price of Bitcoin has risen from less than one dollar at the beginning to tens of thousands of dollars now. This simply realized the transformation from pheasant to phoenix. Bitcoin has no value and credit. The same level of legal tender has different national credit endorsements. It is illegal for us ordinary people not to accept legal tender. However, for Bitcoin, as long as there is any good news or bad news, the price of Bitcoin can easily go up or down wildly. There are no upper and lower limits. The principle of other virtual currencies in the currency circle is the same as that of Bitcoin, but due to the larger quantity, the price fluctuation is much greater than that of Bitcoin.
In any case, if you don't have enough reasons and a deep material foundation, you must not invest in the currency circle. Why do you say that? This is mainly because the currency circle fluctuates too much. Once there is any trouble, people with weak spirit and insufficient assets will often surrender their insurance, which will easily lead to their assets being emptied instantly, which is extremely cruel to a person with poor family and poor psychological condition.
To sum up, when Tesla suspended the use of Bitcoin for payment, the cryptocurrency also plummeted, and the investment in the currency circle fluctuated so much, obviously because the virtual currency itself is a currency with no value and credit. If someone withdraws from this market, it will cause huge fluctuations in the market, and this fluctuation is unlimited.