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Author Topic: Internet Currency Is The Internet Social Development Trend(2)  (Read 24 times)
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December 18, 2017, 07:35:36 AM

Short-term risks of Internet currency still need to be vigilant

Although the Internet currency represents the future trend of development, but the short-term risks can not be ignored.

On the one hand, the Internet currency was born, in the trading market, accompanied by skyrocketing, with greater trading risk. Such as bitcoin, skyrocketing currency of 2013, up to $ 1,000 in pursuit of the concept of Internet currency 2013 was hit by theft of bitcoin in the largest bitcoin exchange in 2014, with the currency plunging as low as over $ 100. In 2017, under the influence of political, economic and regulatory policies, as well as the continuous improvement and maturity of the Internet currency technology, bitcoin rapidly broke through 3,000 U.S. dollars and hit a record high in more than half a year. Bitcoin created the Internet currency wealth in 8 years Myth, directly and indirectly promote the rise of a large number of Internet currencies and currency surges, attracting a large number of Internet currency chaser.

Currently the world's major trading Internet currencies include bitcoin, Litecoin, Ethereum, dogcoin, unlimited currency, etc. There are dozens of other Internet currencies based on various algorithms. Most of these internet currencies simply use concepts to attract currency holders and speculative funds and have not been widely accepted and practically used. And due to the small amount of money in the Internet, the holder of centralized or large amount of money circumstances, the price can be easily manipulated.

On the other hand, the legal and regulatory risks of Internet currency are still at high levels. Due to the decentralization and anonymity of the Internet currency, which is widely used to circumvent all kinds of transactions and exchange of funds in global financial regulation, global crime and gray areas, there are still a large number of regulators who hold negative and wait-and-see attitudes about the Internet currency. There is a high legal and policy risk.
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