Cryptocurrency may not be recovered if incorrectly remitted to other exchanges
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(Seoul = Yonhap News) Reporter Yoon Dong-jin = On the morning of the 23rd, the bitcoin price is appearing on the billboard at Upbit Lounge, a cryptocurrency exchange in Gangnam-gu.
At 0:16 on this day, bitcoin plunged more than 7% compared to the previous day, breaking the 60 million won line, but made up for the decline a little later. The low price on this day is 5,656 million won. 2021.2.23 [email protected]
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(Seoul = Yonhap News) Reporter Seong Seo-ho = Bitcoin, which had skyrocketed every day due to the remarks of Elon Musk Tesla’s CEO, has entered a correction phase.
In domestic transactions, the price of bitcoin falls close to 10 million won per day, and volatility is increasing.
It is a time when the attention of those who want to invest in cryptocurrency beyond stocks is required due to the overflowing liquidity and the ultra-low interest rate environment.
In particular, if the virtual currency disappears due to a deposit error during the investment process, it may not be possible to recover it, so be more careful.
According to Bithumb, a cryptocurrency exchange on the 24th, the difference between the high price (6,3365,000 won) and the low price (54719,000 won) of the bitcoin 24 hours the previous day is 866,000 won. It is about 10 million won in movement in one day.
On the 22nd, it fell 8.12% from the previous day’s closing price. It is smaller than January 17, 2018 (-24.42%, starting price 16.64 million won-closing price 1182 million won), which had the largest decline in Bithumb’s history, but considering the recent surge.
In another exchange, Upbit, the high price (61.76 million won) and the low price (53.37 million won) for 24 hours as of the 23rd amounted to about 7 million won.
The’digital asset fear-greedy index’ of Doonamu, a blockchain and fintech company that operates Upbit, is 72.93 as of the 23rd, which means’greedy stage’. At this stage, the volatility of prices increases and the volume of transactions increases.
In the stock market, there are often cases of sharp fluctuations of close to 10% per day for each stock, so it cannot be said that the bitcoin price is relatively more uncertain. However, unlike the stock market where there are many relatively easily referenced information such as corporate performance, it is difficult for the general public to grasp the substance.
Bank of Korea governor Lee Ju-yeol also said in a report to the National Assembly the day before, “It is difficult to understand why the price of bitcoin is so high”. said.
Bitcoin is an investment object that is not easy to invest in just by price fluctuations, but caution is also required in the process.
An example is an incorrect deposit where an investor incorrectly enters the address to receive when transferring cryptocurrency from another exchange.
Unlike when a commercial bank sends money to another account, it is difficult to confirm in advance whether it is an incorrect address because there is no separate account holder information on the blockchain.
In the event of an incorrect deposit, virtual currency can only be recovered in some cases, and there is a high possibility that recovery will fail in the process.
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2021/02/24 06:01 sent
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