Review on bitCNY by Alex Martakov
From an investment perspective, bitCNY is a rather controversial interest. If…
From an investment perspective, bitCNY is a rather controversial interest. If we focus on the growth of the value , it is not the value of the cryptocurrency, but the potential of the Chinese yuan. In this situation, buying digital assets is more likely to be an alternative to an electronic Bank account.
Despite the strict binding in the exchange chart bitCNY there are certain jumps in value. These indicators are considered normal, and if they are knocked out of the permissible limits - they quickly stabilize, which creates a certain opportunity to make money on trading.
Pros
- The creation of bitCNY as the digital equivalent of the Chinese yuan is generally positively evaluated by analysts, but emphasizes a certain limitation of such a cryptocurrency. Like any other digital money secured by Fiat, bitCNY cannot serve as a vehicle for speculation and trading.
Cons
- 0
