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Bitcoin_Financial engineering and innovation class

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劭峋 李

on 28 October 2015

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Transcript of Bitcoin_Financial engineering and innovation class

bitcoin.
ScoobY team
Outline
What is bitcoin?
How is bitcoin running?
How can the investor make money through bitcoin?
Disadvantage of using bitcoin.
Bitcoin's price rise and crash.
Future of bitcoin.
Team members
WHAT IS BITCOIN
Department of BUsiness Administration
00153106 CARL
00153127 Eric
00153143 Violette
00153154 Jennifer
00153251 Joanne
How is bitcoin
running?
Mining
Transaction
How do we get BITCOIN?
make money
Myth
Bitcoin price?
p
q
supply
demand
price
price
Cross market arbitrage
spread
trade plateform
Volatility price
1135
buy and hold them as a long-term,high risk investment
7600%
Bitcoin=currency?
Value
Measurement
Payment
Utensils
Value
storage
*Internatioanl
Funtions of money
Not exactly.
It’s a virtual currency.

Differences
between
traditional currency
and
Bitcoin
service system
Users account
Quantity of supply
System Code
Monetary Value
Central server system
Peer Network
Management Technology
Public account
Anonymous account
Able to increase
Fixed number
unpublicized
publicized
Based on the
government authority
Based on the
number of users
Disadvangate
Violently price volatility
Government Supervision
Hard to obtain & Hacker
Uncertain expectation
Nowadays , Bitcoin hasn’t become legal currency.
All things can not just look at one side.
RISE
Financial crises make Bitcoin popular.
USA Financial crisis
The Eurozone crisis

Central banks of different countries adopt QE policy
USD, EUR, and Yen depreciate.

Some investors began to invest in Bitcoin.

Crash
The attack of hacker.
The USA government forces to close Silk Road.
Unstable trading system.
Market scale too small.
1 BTC=452.5 USD
peak
The problems?
The price of Bitcoin fluctuates dramatically.
When the price rises, many investors take a speculative attitude.
Criminal activity.
Lack of supervisory system.

Future
The effectiveness of Bitcoin still needs to be discussed.
Market liquidity is a big problem.
Lots of investors sees brighter future of Bitcoin.
Establishing good investor relations is the most important way to survive.
Sources
Bitcoin Website
Wikipedia_bitcoin
MBA lib
cnYES news_bitcoin
http://news.cnyes.com/Content/20131129/KHBJM4SSMM61I.shtml
Facebook_bitcoin fanpages
Financial Times Chinese_bitcoin
http://big5.ftchinese.com/story/001054975#adchannelID=2000
others
http://www.nbd.com.cn/articles/2013-12-06/793049.html
http://www.cw.com.tw/article/article.action?id=5054615
http://techorange.com/2013/04/12/is-bitcoin-value-increase-jus-another-bubble/
http://www.bnext.com.tw/article/view/id/32143
https://www.byvoid.com/blog/why-speculation-benefits
The End.
Date of introduction:

3 January 2009; 5 years ago
User(s):
Worldwide
Production:
25 bitcoins per block
Symbol:

BTC , XBT , ,฿
Developer:
Satoshi Nakamoto
peer-to-peer
payment system
digital
currency
virtual
currency
electronic
money
cryptocurrency
Advantages
1. Low Transaction Costs
2. Transaction is much more safe and transparent
3. Limit the supply of the bitcoin.
Decrease the inflation problem.
4. Avoid the tax expense.
5. Increase the liquidity.
6. Bitcoin is not easy to influence by the market risk.
Just like Gold Market.
Bitcoin is a high risk investment!!!
When the platform crashed,your money will disappear.
Warning
Government’s
Attitude
GERMANY
Admit Bitcoin as legal currency
U.s.a
May hold long-term promise
CHINA
May not admit Bitcoin as legal currency in the short term.
Thailand
Central bank considered Bitcoin illegal
South Korea
Will monitor Bitcoin, especially in illegal trading such as money laundering.
TAIWAN
If this currency circulates in the future,
it will be brought into management.
Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
Low
Transaction Costs
Nearly no transaction costs.
The transaction cost is 0.0001btc per time.
Avoid the tax expense.
Safely control your asset.
Many people can accept the bitcoin.
Increase the liquidity.

safe & transparent
Transaction is much more safe and transparent (non-secretive) than the traditional transaction.
It is difficult for hacker to break the cryptocurrency.
Limit the supply of the bitcoin.
Decrease the inflation problem.
Reason :
Anonymity
Bitcoin is not easy to influence by the market risk.
Just like Gold Market.

Users offer their computing power to exchange for transaction fees and newly created bitcoins.
Cost: Electricity
Single
NO Efficiency
Mining Pools
Pool their resources together and share their earnings.
Mining pool
Mining
Purchase
Advertisement
sale
wallet
Investment
Buy
Everything
High
risk
High
return
10,000
Full transcript