Bitcoin** hits a new all-time high, and investors are wary of risks. In the early morning of March 5, Beijing time, Bitcoin** broke through $68,000, a new high since November 2021, and only a few hundred dollars away from the historical record. At the RMB exchange rate, Bitcoin once exceeded 48950,000 yuan per piece.
This wave has been going on for more than a month, with an increase of more than 60%. For a while, a large number of posts showing the floating profit of the account appeared on the Internet, and the atmosphere inside and outside the currency circle was full of excitement. However, investors are becoming wary of risks.
With the rise of Bitcoin, more and more newbies are pouring into the crypto circle. According to glassnode data, there are about 485 in the last 30 days$400 million flowed into the crypto market, the highest capital inflow since October 2021. However, this also means that many investors lack experience and basic knowledge.
In order to attract more novices, some social platforms have launched an introductory course in the currency circle at 99 yuan. However, investing in the cryptocurrency world is not an easy task, and there are both risks and rewards. There is a high risk in investing in the cryptocurrency world, and many people are carried away by the fantasy of getting rich in the short term, and constantly advise others to trade highly leveraged contracts. In fact, the crypto circle is essentially a casino, and everyone feels that they are the ones chosen by fate.
Regulation of cryptocurrencies in Chinese mainland has not been relaxed. As early as 2021, the relevant Chinese authorities issued a notice stipulating that virtual currencies are illegal financial activities. As a result, individuals may be exposed to legal risks when holding and trading cryptocurrencies.
In conclusion, Bitcoin has hit new highs again, and investors should err on the side of caution, do their own research, and be accountable to themselves. It is hoped that investors can look at the market rationally and avoid blindly following the trend to avoid losses. In April, Bitcoin will usher in a new round of "halving", that is, the halving of miner rewards, which has led to the belief that Bitcoin** is on track to break through $100,000 or more. However, the investment currency industry still needs to be vigilant against risks, keep in mind that investment is risky, and act cautiously.
The risk of investment in the currency circle is much higher than that of the traditional financial market, and its ups and downs seem to have become the norm. In addition, there are various ** and traps in the currency circle, and investors need to be vigilant. Do your own research and be responsible for yourself before investing.
Chinese mainland's regulatory attitude towards cryptocurrencies remains strict. Virtual currencies are recognized as illegal financial activities, and individuals may be exposed to legal risks in the process of holding and trading. Investors should be aware of the relevant regulations and make prudent decisions.
Finally, investors should look at the currency market rationally and avoid blindly following the trend. Investing in the cryptocurrency circle requires caution, doing your own research, and being responsible for yourself. It is hoped that investors can make rational decisions to protect their interests.