In Beijing's bitcoin crackdown 在北京的比特币镇压下

Hey steemit members according to analysis some news i get some well information about bitcoin that Beijing's decision to shut down bitcoin trading platforms has left investors scrambling to cut their losses and threatens to deprive the crypto-currency of a crucial market "The authorities don't understand anything about bitcoin!" fumed Zhang Yanhua, founder of an investment fund that was dead on arrival after Beijing started tightening the screws at the start of the month. In mid-September the central bank, the People's Bank of China, told virtual currency trading platforms based in Beijing and Shanghai to cease market operations.

The bank has focused its sights not just on bitcoin but also ethereum and any other electronic units that are exchanged online without being regulated by any country. They include two Chinese platforms, Okcoin and BTC China, which accounted for 22 per cent of the global volume of bitcoins at the end of August.

The bank's warning shot has shaken world prices and put a damper on the active community of local investors."The chances of a reversal are minimal," said Zhang Yanhua, who has been scrambling to offload his bitcoins. Three months ago the 50-year-old had set up a small investment fund dedicated to crypto-currencies, which met a premature end. To acquire virtual currencies, "investment channels (in yuan) are becoming scarcer" and access to platforms using foreign currencies "will become too complicated", Zhang told AFP.Others are seeking an alternative way out: private over- the-counter transactions between individuals are taking off on messaging applications.But Zhang said that was "too risky".For his part, Sun Minjie, an investor who says he bought more than USD 150,000 worth of bitcoins, intends to hold on to them for the long term."I expect nothing from the government... but the fate of bitcoin does not depend on the Chinese authorities." Why has this hardening attitude towards bitcoin come about? In mid-September, the National Internet Finance Association of China -- an offshoot of the central bank -- drew up a damning indictment against virtual currencies, accusing them of being "increasingly used as a tool in criminal activities" such as drug trafficking.

Bitcoin has also lured many ordinary Chinese attracted by the incredible surge in prices, a popularity that has generated "pyramid schemes and financial fraud", said Dong Ximiao, an economist at Peking University. But the central bank, which at the start of September banned companies from issuing electronic currency units to raise funds, wants to fight "the speculation" around the crypto-currencies, which "seriously disrupted the financial system". "They didn't ban bitcoin, but banned exchanges from trading for speculative purposes," said David Yermack, finance professor at New York University.

China "has a long-term concern about capital flight", which hits the value of the yuan, he said. "It has a lot to do with problems in the Chinese financial system, that they're worried about this as a competitive threat in some way," said Yermack. The price of bitcoin plummeted mid-September after the ultimatum to the Chinese platforms, slipping to under USD 3,300. It made a vigorous recovery to around USD 4,100 Friday, though it had traded around USD 5,000 a month ago, according to the Bitcoin Price Index.Another cause for concern is the future of bitcoin mining in China, which the authorities have yet to comment on.
The virtual currency is created through blockchain technology, which publicly records transaction details including the unique alphanumeric strings that identify buyers and sellers.

嘿，steepit成员根据分析一些消息，我得到一些关于比特币的信息，北京关闭比特币交易平台的决定使投资者争相减少损失，并威胁剥夺关键市场的密码币“当局不了解比特币的任何事情！“一名投资基金的创始人张燕华在北京开始收紧螺丝之后，在抵港时死亡。 9月中旬，中国人民银行央行与北京，上海的虚拟货币交易平台交易，停止市场运作。

该银行不仅将重点放在比特币上，还集中在其他电子单位的网站上，而不受任何国家的管制。其中包括Okcoin和BTC中国的两个中国平台，占8月底全球比特币的22％。

银行的警戒动摇了世界房价，阻碍了当地投资者的积极性，“逆转的机会是微乎其微的，”张燕华一直在忙着卸下他的比特币。三个月前，这位五十岁的人成立了一个致力于加密货币的小型投资基金，这个基金会已经过早的结束了。张先生告诉法新社，为了获得虚拟货币，“投资渠道（以人民币计算）变得越来越少”，使用外币平台的使用将变得太复杂“。其他人正在寻求另一种出路：私人非处方交易个人正在消息传递的应用。张先生说这是“太冒险了”，对于那位投资者孙敏洁说，他买了超过15万美元的比特币，打算长期坚持下去。 “我期待政府没有任何事情，但是比特币的命运不依赖于中国当局。”为什么这种对比特币的强硬态度呢？ 9月中旬，中国国家互联网金融协会 - 中央银行的分支机构对虚拟货币起诉，指责他们“越来越多地被用作犯罪活动的工具”，如贩毒。

北京大学经济学家董喜淼表示，比特币也吸引了许多普通中国人，价格惊人的涨幅吸引了众多人士的热烈欢迎，造成了“金字塔计划和金融欺诈”。但央行9月初禁止公司发行电子货币单位募集资金，想要打击“严重扰乱金融体系”的加密货币“炒作”。纽约大学金融学教授大卫·耶马克（David Yermack）说：“他们没有禁止比特币，而是禁止交易所进行投机交易。

他说，中国“长期关心资本外逃”，达到了人民币的价值。 “这与中国金融体系的问题有很多关系，他们以某种方式担心这是一个具有竞争力的威胁，”Yermack说。比特币的价格在9月中旬在中国平台最后通in之后暴跌，跌至3,300美元以下。根据比特币价格指数，周五的交易价格大幅上涨，达到4,100亿美元左右，但根据比特币价格指数，交易价格在5000美元左右。另一个令人担忧的问题是中国的比特币开采未来，当局还没有对此进行评论。
虚拟货币是通过封锁技术创建的，该技术公开记录交易细节，包括识别买家和卖家的唯一字母数字字符串。