mens biker jewelry wholesale Is the risk of virtual currency high? What is the chance of bloodlessness?

wholesale bead jewelry making supplies (1) Risk of stable price

Theoretically, if the existence of online currencies affects the needs of the central bank's liabilities, and then interfere with the open market operation behavior of the central bank, it will be on the central bank's public market operation. Stability has an impact. However, from the actual point of view, the premise of the influence of online currency in price stability includes the following three aspects:

(1) From the analysis of the impact on the number of currencies, although it is difficult to analyze the network currency plan in the case of lack of information, it is difficult to analyze the network currency plan in the case of information. To what extent create currency.
, most of the network currency systems operate in a prepaid model, that is, the issuance of network currencies when replacing real currencies, and returning currencies when replacing real currencies is limited. In the famous network currency plan, the currency supply is stable and the supply is not large, but it still needs to be alert to whether it can ensure that the currency supply will maintain a stable level for a long time, and the impact of changes in the exchange rate of network currencies and real currency.
(2) From the analysis of the impact of currency circulation, cash use, and currency statistics, the impact of technological innovation brought by online currency solutions on currency circulation is not clear.
, as a network industry, this depends to a large extent on the number of active online currency solutions. If online currency is widely accepted, it will have an alternative effect on the real currency of the central bank, thereby reducing the use of cash in transactions. In this case, the scale of the central bank's balance sheet will be reduced, and its ability to affect the short -term interest rate will also be weakened. The central bank will need to fight risks by using the minimum reserve of the network currency. The alternative effect will exacerbate the difficulty of currency statistics and affect the relationship between the amount of monetary statistics and the inflation, which is not conducive to achieving the stability of medium and long -term price. In addition, online currencies are issued outside the central bank and virtual credit expanded, which will have an impact on the central bank's interest rate decision in the economy and weaken the central bank's currency control.
(3) Analysis of the interaction between online currencies and the real economy, online currency can act as a medium of real commodity trading, which has an impact on real GDP.
The influence of network currency on the supply of real currencies depends on two aspects: one is the alternative effect of the virtual economy on the real economy; the other is the extrusion effect of network currencies on real currencies, that is, as the total number of online currencies increases increase The public in real life decreases in real life, resulting in a decline in cash/deposit ratio and currency multiplier. From a practical point of view, the network virtual currency solution will not affect the stability of price at this stage, and the speed of currency flow will not be significantly affected in the short period of medium term. However, the interaction between online currency and the real economy deserves attention.

(2) Financial stability risk
The network virtual currency solution operates outside the banking system. And exchange market. Obviously, closed network currency solutions and unidirectional network currency solutions are not affected, and we should focus on two -way mobile network currency solutions. The value of two -way network currency depends on the currency supply and demand level in the exchange market. One of the great difference between cyber currency and real currency is that the network currency plan is not based on national or currency regions. Virtual economic intensity, trade or capacity have limited impact on its exchange rate. The price of virtual currency and its fluctuation depends on 5 major factors:
(1) currency supply and other actions taken by currency issuers. For example, to achieve a fixed or semi -fixed exchange rate by intervening in the market.
(2) The network currency solution shows the external nature of the network, and its currency value depends on the number of users and merchants participating. As the number of consumers and merchants increases, its currency value will increase accordingly. In addition, the network currency exchange rate with a small transaction volume fluctuates more.
(3) Virtual communities with a clear and transparent policy and advanced security measures are easier to boost confidence and currency are stronger.
(4) The reputation of network currency issuers in fulfilling their commitments. There is no "last lender" in the virtual community, and the trust obtained by the issuer is essential for the exchange rate of the online currency.
(5) Specifications for the future value of cyber currency and the situation of virtual communities attacked by the virtual community. Due to the immature system, trading downturn, speculative activities, and network attacks, there are inherent instability in the two -way network currency solution. At present, these network currencies have a small turnover and low relationship with the real economy, and the stability of the financial system will not be affected.
However, if online currency will become a substitute for traditional currencies, it will bring unstable factors to the financial system, and may even distort the relative prices of goods and services. The influence of cyber currency system on the financial system depends to a large extent on the number of active users and is willing to accept virtual currencies for real transactions. In addition, virtual currency only exchanges value and has no use value.
The general network currency is not based on assets with inherent value, and there is no support for central bank credit. At present, these network currency systems do not allow borrowing or loan funds, so it cannot pose a threat to the stability of the financial system, but it should pay close attention to its development. If it changes in the future, it will undoubtedly affect the financial system.
(3) Payment system stability risk
1. It is difficult to avoid typical risks related to the payment system
In a specific virtual community, virtual currency payment activities have evolved to "real" payment system. Facing typical risks related to the payment system: credit risk, liquidity risk, operating risks and legal risks. The nature, scale and duration of these risks depends to a large extent on the degree of system design or lack of liquidity, and it is difficult to avoid or control these risks on the network virtual currency plan. From the perspective of the "Core Principles of the Important Payment System" (CP) released by the International Clearance Bank (BIS), the network virtual currency solution does not conform to most of the content in CP, and it is not a systematic important payment system. Therefore, it will not cause or convey impact on the global financial system. From the current circumstances, the network currency system does not have systemic risks outside of these virtual communities.
2. Lack of corresponding supervision and protection mechanisms.
In the real economy, the central bank acts as the last lender and does not have the risk of breach of contract. It can take action in the case of a payment crisis or unpredictable liquidity to avoid chain reactions. In the network virtual currency plan, the network currency as the settlement asset cannot be done. Since the simple dependence of online currency depends on the credibility of the issuer, it cannot guarantee that it is widely used as a payment method, and online currency cannot be regarded as a safe currency. In addition, commercial banks accept prudent supervision as required, reducing the possibility of breach of contract, and the security of money in commercial bank accounts is higher than that of online currencies. A fundamental risk of cyber currency is reflected in: the network currency solution settlement institution is not subject to any supervision, no institution is responsible for its actions, and at the same time, it does not have any investor/deposit protection mechanism, which leads to all the risks themselves.
(4) The risk of regulatory absence
In general, supervision lags behind science and technology development. The online virtual currency plan was established in the late 1990s, but until 2006, some government agencies in the United States started to analyze these solutions. Due to the lack of supervision and its transactions, it has the characteristics of anonymous, invisible, and difficult to track, the online virtual currency plan is easily used by illegal activities such as terrorist activities, fraud, and money laundering. At present, government departments in many countries are considering whether to admit or legalize these virtual solutions and incorporate them into the regulatory category, so as to achieve innovation of currency and payment forms, protect consumer rights and financial stability, and at the same time inhibit the use of virtual currency schemes The purpose of engaging in criminal activities. At present, the legal status of the virtual currency plan may also challenge the government authorities.
(5) The reputation risk of monetary authorities
The reputation of the monetary authorities (central bank) is the key factor that determines its various policies, especially the effectiveness of monetary policy. The public's trust in the statutory currency is closely related to the image of the central bank, and the central bank is very concerned about its reputation. The European Central Bank defines reputation risks as the risk of deteriorating reputation, credit or public image. Due to the network currency plan related to currency and payment, Da-the public generally believes that it belongs to the duties of the central bank, and it is necessary to alert the reputation risk it may bring to the central bank. Although the failure of the failure of the network currency plan has limited impact in a small scale, its high fluctuations and instability have also exacerbated the possibility of failure, and attracted extensive media reports. If the continuous development of the online currency is allowed without control, the central bank may be considered negligent and affects its reputation.
(6) The risk of loss of investors
Compared with the exchange value, the public's investment value of online virtual currency is higher. It is also based on investment transactions that accelerate the formation of the virtual currency market. Like other investment markets, participants in the virtual currency market will also face the potential losses brought about by market risks, credit risks and policy risks. Taking Bibi-Coin as an example: From 2009 to early 2010, Bibco was worthless; in the summer of 2010, the Bitcoin transaction began to enter the golden period. As the supply was far less than the demand, the value of online transactions began to rise. Bi-Coin rose to 36 US dollars in the 29-dollar division; in February 2011, Bigan continued to appreciate, and its exchange rate with the US dollar reached 1: 1; in 2013, than-Bincoin, Bitcoin The price achieves the "Big Bang" growth, and it touched $ 1242 on November 29, 2013, exceeding the price of $ 1241.98/ounce in the same period. The violent price fluctuations make market participants face huge speculation risks.
I is different from mature capital markets such as stocks and bonds, and the-coin market is insufficient in depth. At present, it is mainly held in the hands of large households. The degree of decentralization is low. Easy to be controlled by speculators. At the same time, countries have different attitudes of comparison-in-in-law, and countries such as Germany have open support attitudes. Thailand, Brazil and other countries will be regarded as illegal. The attitudes of each country's comparison-coin and the countermeasures taken will have a significant impact on the price of the price, especially in the short term.

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