Bitcoin enters the lives of Chinese people, virtual reality shines into reality

Can virtual currency on the Internet be used to buy houses in the real world? Recently, a real estate project in Zhangjiang District, Shanghai, took a different approach to its promotion and accepted virtual currency "Bitcoin" for house purchases for the first time. It hopes that this new way of buying houses will attract young homebuyers. However, the reporter learned yesterday that many homebuyers are not used to this new way of buying houses. Only a few of the 300 houses sold used Bitcoin, and only for deposits.

The company that decided to use virtual currency to buy a house is "Shengda Tiandi Qingchunli" developed by Shanda Network Group. The virtual currency accepted by the property is "Bitcoin". The project manager revealed that they made full considerations before launching the "Bitcoin" purchase, and the promotional products are LOFT and SOHO units with an area of ​​42-81 square meters.

The way to obtain Bitcoin is to install the Bitcoin client on your computer. It is generated based on a set of password codes and through a complex algorithm. Unlike other virtual currencies, the total number of Bitcoin is very limited. To be precise, the total number will be permanently limited to 21 million. The exchange price of Bitcoin is very unstable and the exchange rate fluctuates greatly. On November 8, the price of Bitcoin in China broke through the historical high point of 1:1994.8 yuan, and only one day later, the latest transaction price on its website became 1:2506 yuan.

Because of this, the exchange rate of "Bitcoin" received by "Shanda Tiandi Qingchunli" to RMB was adjusted from 1:1000 at the beginning to the latest 1:1660, but it still cannot catch up with the transaction amount of Bitcoin website. In this regard, Ye Junyi, a researcher at the Advanced School of Finance of Shanghai Jiaotong University, frankly said that Bitcoin itself does not have the ability to transfer assets. Its asset conversion ability is limited to those who are willing to pay more money to buy it. Therefore, its potential risks are not small.

Buyers are not used to this way of buying and most of them are not interested in it. "It is interesting that real estate projects can accept Bitcoin for purchases, but on the one hand, there are not many people who actually hold Bitcoin, and on the other hand, the current trading market for those who like Bitcoin is very hot, so they are not tempted by this exchange rate. It feels more hype than reality." said a Zhangjiang home buyer.