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In recent years, Bitcoin has become the most popular Internet virtual currency in the world, and the price is like a rocket.

From November 7 to 10, Bitcoin's price rose from 267 US dollars to 340 US dollars. On the 17th, the price of Bitcoin soared to nearly 500 US dollars. Its trading price has risen about 40 times since the beginning of this year. From individual investors to companies, everyone wants to know what Bitcoin will evolve into in the future and how to share it.

Bitcoin financial products in China are beginning to emerge. At present, most people want to enter the bitcoin industry, there are often two ways, one is through the exchange and other trading exchanges, one is to buy professional machinery and equipment "mine." Whether buying, selling, or mining, a global industry chain around Bitcoin is emerging as a new venue for the Nuggets.

From November 7th to 10th, KnCMiner co founders Cole, Ilansona, and Cannellmer, who made bitcoin mining machines, earned $3 million. During these four days, Bitcoin prices soared, and the company’s thousands of Bitcoin miners quickly sold out, each selling for as much as $7,000. Some market participants said that the profit of a chip will be several times, and the “mining machine” business will be an endless market.

However, it is still the first choice for domestic investors to “fry” Bitcoin through buying and selling. At present, Bitcoin China has become the world's largest trading platform. Many Bitcoin websites, such as Firefox and Bitcoin, have emerged. Yesterday, the price of Bitcoin renminbi transactions displayed by the Huobao Network had been close to RMB 3,000. On Monday, Bitcoin’s RMB transaction price was only around 2,200 yuan, which rose by 30% a week. At the beginning of this month, Bitcoin’s RMB transaction price was only 1,200 yuan. It is worth noting that the daily transaction volume of the above-mentioned websites is basically 100 million yuan.

The reporter also discovered that HuoPin.com has proposed the domestic "leverage short-selling mechanism" and has established financial services such as financing and trading of currencies and block trading. The upcoming Bitcoin mortgage loan function, based on Bitcoin-based financial products, has begun to take shape. The website stipulates that the amount of loans or debits borrowed by users is 2 times the net assets of individuals. The calculation of personal net assets is based on the conversion of RMB coins into RMB at the time. In the financing and renminbi business, the phoenix currency network carries out interest-raising on financing or renminbi in a single interest rate, with interest rates ranging from 0.1% to 0.2% per day (the lending rate is determined based on the user's level). In addition, Bitcoin has also won the favor of listed companies. The 35th Interconnection of A-share listed companies has previously signed the Letter of Intent with CICC Online to jointly develop Bitcoin-related advertisements, Bitcoin mining machines, Bitcoin trading platforms, and Bitcoin payment intermediaries.

The skyrocketing skyrocketing is the norm. “It's not just the heartbeat that bitcoins are being played. It's heartbreaking!” Mr. Chen, a bitcoin player, sighed.

“I bought a bitcoin of 32,000 yuan in the early hours of one day and made 1,600 yuan in the afternoon to sell it.” Mr. Chen laughed. “But Bitcoins must be stunned, and sometimes the difference in ups and downs in one day is the highest. For six or seven hundred yuan, soaring inflation is the norm."

"Actually, speculation about Bitcoin is similar to that of speculation, and the process is not complicated," Mr. Chen said. The reporter found that after registering with the relevant Bitcoin trading website, recharging the RMB into the website account can start buying Bitcoin, and the purchased Bitcoin is stored on the website trading platform. If you sell successfully, you can also withdraw RMB from your account to your Alipay or bank account. Due to competitive pressures, the major domestic Bitcoin trading platforms have gradually canceled transaction fees.

"The recent negative news of various frauds and repayments has continued to spread. Before the GBL, the Bitcoin trading and investment platform based in Hong Kong, appeared to walk. Do you not worry about this?" the reporter asked. “The speculation of Bitcoins is indeed a risky situation. The money in the account is basically not stored on it for too long, but Bitcoin can still be used as an investment or speculative product,” Mr. Chen said.

Is it still a great Internet finance experiment regardless of the birth of Bitcoin, or is it a Ponzi scheme led by geeks? Bitcoin followers believe that Bitcoin should be the perfect currency for freedom, and it does not require the intervention of regulatory systems. However, regulators believe that Bitcoin will also follow the economic laws and there are also risks that should be monitored. The recent hot Bitcoin has also begun to attract the attention of regulators.

Recently, the New York State Department of Financial Services announced that they will hold a public bitcoin hearing. Roskil, an official with the New York Financial Services Department, intends to regulate Bitcoin by issuing a transaction license. This new transaction license will require Bitcoin consumers to sign protection services and anti-money laundering agreements. Roski thinks that the trading of virtual currencies should be incorporated into the supervision of formal institutions. In the long run, the inclusion of virtual currency industries in supervision is in the interest of consumers, and it helps to prevent criminal activities and maintain social security. In addition, the U.S. Department of the Treasury is also paying close attention to the development of virtual currencies and their illegal and lawful use.

According to industry insiders, every time the regulatory authorities take action, bitcoin prices will fluctuate violently, and there will be risks in the future. The information asymmetry existing in the new things of Bitcoin may be exploited by lawbreakers in the future and become a new method of defrauding. This is a matter for regulators and they have to prevent.