有人推荐有人骂，加密货币究竟有没有价值？

加密货币的“价值”在于数量有限，而它的价格参考来自于供求关系，但供求关系又并不是唯一的指标，更多的是外界因素的影响。

The “value” of an encrypted currency is limited in number and its price references are derived from the supply-demand relationship, but the supply-demand relationship is not the only indicator, and more so from external factors.

当市面上的加密货币稀少，而想要得到它的人增加时，加密货币的价格就是不断上涨；反正，当更多的人都开始因为外界因素的影响，比如最近的美联储加息，从而信心受损，不断抛售加密货币时，它的价格则会不受控制的下跌。

The price of encrypted money rises when the market is scarce and the number of people who want it increases; anyway, when more people start to lose confidence through external factors, such as the recent Federal Reserve interest hikes, their prices fall uncontrollably.

这些外界因素会影响投资者的心态，而这些心态变化会导致原本无价值且高风险的加密货币，频繁涨跌。所以加密货币的价格涨跌，纯粹来源于投资者对风险的看法。当投资者变得激进、愿意冒险的时候，比特币的价格就上升；当投资者变得保守、规避风险的时候，比特币的价格就下跌。

These external factors influence investors’ mindsets, and these changes in mindsets can lead to expensive and high-risk encrypted currencies, which often rise and fall. So the price of encrypted currencies rise and fall, based solely on investors’ perceptions of risk.

加密货币的“龙头老大”比特币，在最疯狂的时候，一枚币的价格高达6万8千美元，比刚发行的时候，涨了2600万倍，目前稳定在2万美元作用。要知道，世界上任何一个具有实际价值的东西都不会有如此高的跌涨差。

In the craziest place, the price of an encoded currency is $68,000, 26 million more than when it was issued, and it is now stable at $20,000. You know, nothing in the world of real value will fall so high.

而由于加密货币技术开源，发行门槛低，又有比特币这样的榜样在前，各路牛鬼蛇神纷纷开始进场造币，导致加密货币泛滥。有些加密货币发行总量不设限，有些则将虚拟货币伪装成加密货币进行诈骗，使加密货币成为“割韭菜神器”。而且各类地下经济利用加密货币的匿名性和实时性等特点，纷纷转用数字币进行交易、洗钱等违法操作。

And because of the open source of crypto-currency technology, the low distribution threshold, and the example of Bitcoin before, there was a proliferation of crypto-couples, which began to build currency. Some of the crypto-currency issuances were open-ended, while others were fraudulently disguised as crypto-currency, making the crypto-currency a “celebrator of vegetables.” And various subterranean economies, using the anonymity and real-time nature of the encrypted currency, diverted digital currency for illegal operations, such as money-laundering.

“股神”巴菲特曾经说过：“和农场、公寓不同，比特币并不会产出价值，它的价格只会取决于下一个购买它的人愿意出多少钱。加密货币现在或许因为炒作而仿佛拥有了魔法般的吸引力，但它本身没有生产能力。这就像个赌博的游戏，很有可能最后价值会变到零。”

As Buffett once said, “Contrary to the farm, the apartment, Bitcoin does not produce value, and its price will depend only on how much the next buyer is willing to pay. The encrypt currency may now seem magically attractive because of the hype, but it itself is not productive. It's like a gambling game, and it's likely that the final value will go to zero.”

最后提醒：