How do experts view the collapse of cryptocurrency?

Cryptographic currency has collapsed. Some experts bluntly said that from the reality, virtual currency, including bitcoin, does not have the currency trading function of financial settlement systems in various countries. Virtual currency has the property of financial derivatives, and its price trend is also affected by many factors. Sudden regulatory trends, news public opinion, major technological changes, etc. may make its transaction price fluctuate greatly.

In addition to the above reasons, another reason is that virtual currency holders are too concentrated. Virtual currency trading is mainly carried out through the third party, namely the virtual currency exchange, and the trading platform becomes the largest holder, which also provides the possibility for the banker to manipulate the price of currency trading.

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The rapid decline of bitcoin has caused heavy losses to investors:

"Mining" is popular and profitable, but the risk is also huge. Any market fluctuation will lead to violent turmoil. In the past weekend, there was a wave of "crash", and cryptocurrency collapsed collectively.

By noon on April 18, according to the 24-hour fluctuation calculation, Bitcoin plunged 17%, Ethereum plunged 20%, Coin Anbi plunged 17%, Ruibo plunged 26%, dogecoin plunged 19%, Litecoin plunged 28%. In particular, the rapid decline of bitcoin has caused heavy losses to investors, and the position reached 4.4 billion US dollars within one hour.