Crypto currency - Do you know what you actually trading? Bitcoin? Ethereum? Is it 21th century biggest scam?

What is Crypto currency? Is it just electronic currency? Why not Paypal, credit card, Apple pay, Alipay? If you are confused by above questions, you don't really know what you are trading now.


Barry Eichengreen, a senior economist at the former International Monetary Fund (IMF) at the University of California, Berkeley, said that the digital currency issued by the central bank would make the deal more efficient, Currency and other encrypted money can only become money laundering and other illegal activities of the tool.

Aiken Green, who accepted CNBC's television interview, said that the encrypted currency, such as Bitcoin and B $, would play an important role in the future economy, and that the digital currency issued by the central bank would be very different from the anonymous currency, Trade is more efficient, while the latter is money laundering, tax evasion and other illegal activities of the tool.

Morgan Chase Chief Executive Officer (CEO) Dimon earlier pointed out that Bitcoin is a scam and will eventually collapse.

Warren Buffett described, Bitcoin is the real bubble.

Every year, Warren Buffett invite business school students to his hometown of Omaha (Omaha) to talk to him, and this year he talked about the mother of digital money - Bit coins. He believes that the first tokens issue (ICO) will be miserable, people are excited by the large price fluctuations, and Wall Street to the convenience.

Trading platform Coindesk data show that Bitcoin this month had exceeded 6,000 US dollars mark, but also on Saturday once rose to 6183.98 US dollars, a record high. But there is still doubt, that can not evaluate Bitcoin, because it is not able to produce value of assets. He also said he could not judge how long the bitbell could rise, but described the bitter currency as "the real bubble."


Last month, Chinese regulators announced a prohibition on the first tois issue (ICO). Affected by this news, the global virtual asset prices fell sharply.



Under what situation the market is dangerous and in a bubble statue? Simple, consider the 2008 financial crisis.

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