All localities are required to shut down bitcoin mining projects. Is bitcoin trading risky?

The State Council Financial Stability and Development Committee requires all localities to shut down bitcoin mining projects and severely crack down on bitcoin mining and trading. From the requirements of the relevant state departments, it can be clearly found that the risk of bitcoin trading is really great, which is not only unbearable for ordinary people, but also has a destructive impact on the trading market. In order to ensure the stability of China's market order and the interests of investors, it is an inevitable trend to shut down bitcoin mining projects. Now we should not enter the transaction of bitcoin, which is not only an illegal act, but also will destroy ourselves.

Since the beginning of this year, the bitcoin trading market has been in a state of carnival. Many associations have reminded investors of the risks of Bitcoin in various forms, but investors will not care about their risk warnings. More and more people poured into the bitcoin speculative market, which led to a sharp rise in bitcoin prices this year. Since last month, due to the entry of various capital predators, bitcoin prices have shown a price trend of skyrocketing and plunging, which has also caused many people to suffer heavy losses in bitcoin transactions. In response to market changes, relevant departments have asked all localities to shut down bitcoin mining projects and severely crack down on bitcoin mining and trading. From the actions of relevant departments, we can actually see the huge risks of bitcoin transactions.

In fact, bitcoin transactions are risky, which is supported by theory. Bitcoin is a virtual currency, not a digital currency. Bitcoin has no value or credit endorsement. As long as there is any problem in the market, the price of bitcoin will skyrocket or plummet. From a technical point of view, many people are obviously ordinary people. They have no rational psychology and rich capital support, and it is easy to go bankrupt in the hype of Bitcoin. From the perspective of market transactions, the fluctuation of bitcoin price will destroy the market ecology, thus affecting social development.

In the process of bitcoin hype, one person is quite famous. This person is Musk, who calls himself the godfather of the coin circle. Since the beginning of this year, especially since last month, Bitcoin has fluctuated up and down in Musk's words and deeds for a long time. Musk's repeated attitude towards Bitcoin caused the price of Bitcoin to experience roller coaster-like fluctuations, which actually caused many people to explode. Judging from the fact that personal behavior can affect bitcoin transactions, bitcoin really has no guarantee!

To sum up, it is a correct behavior for relevant departments to ask all localities to shut down bitcoin mining projects. At the same time, bitcoin mining and trading activities are now illegal. Ordinary people should never enter the bitcoin trading market again. The risk of bitcoin trading is really greater than many people think.