原标题：比特币突破3000美元，却遭以太币穷追猛打，资深投资者怎么站队？

　　从去年12月31日至今，比特币价格由968美元上涨逾两倍，然而，另一种加密货币以太币以超40倍的涨幅力压比特币，并在市值上狂追猛赶比特币。

Since 31 December last year, the price of bitcoin has more than tripled from $968. However, another encrypted currency presses bitcoin with a 40-fold increase in tacos and chases bitcoins at the market value.

　　似乎是嗅到了强劲对手的味道，比特币强势反击。6月12日，截至记者发稿，比特币收盘价为2911.98美元。而在前一日，比特币还首次突破3000美元大关，达到了3012.05美元，创历史新高。

On June 12, by press release, Bitcoin had received $2911.98. The previous day, Bitcoin had made its first breakthrough of $3,000, reaching $3012.05, a record high.

　　经记者梳理发现，目前站队以太币的投资者众多。但有比特币暴涨暴跌的“血泪史”在前，国内平台还一度关闭提现功能直到近日才恢复，现阶段是否就是以太币买入的时机？投资者对于这一问题，心态还较为谨慎。

According to a journalist, there are a large number of investors who are standing on the line. But before the history of “blood and tears” of bitcoin booming and falling, the domestic platform had been shut down for a while until recently. Is this the moment to buy in too? Investors are more cautious about the issue.

　　国内平台忙升级

Domestic platform busy upgrading

　　在国际市场上，比特币价格还在持续发烧，目前已经突破了3000美元。

In the international market, the price of bitcoin continued to burn and had now exceeded $3,000.

　　这不禁令投资者想起币圈里的一个段子：2010年，一名比特币持有者花了1万枚比特币买了两个披萨，7年过去，1枚比特币已经可以付得起纽约闹市区披萨店一个月的租金……

This unstoppable investor remembers a segment of the currency circle: in 2010, a Bitcoin holder spent 10,000 bitcoins on two pizzas, and seven years ago, a bitcoin had been able to afford a month's rent at a downtown pizza store in New York City...

　　当年买披萨的那位持币者，可能已经哭晕在厕所。

The coin-bearer who bought the pizza at the time was probably already crying in the toilet.

　　不过，国际市场的“火”并没有烧到中国币圈。“中国大妈们刚经历了一轮监管，现在比特币的价格不是中国投资者炒上去的，日本、韩国、美国投资者更有交易空间。”比特币投资者刘斌告诉《国际金融报》记者。

However, the “fire” in the international market did not burn the Chinese currency circle. “China’s moms have just gone through a round of regulation, and now the price of bitcoin is not set up by Chinese investors, and there is more room for Japanese, Korean, and American investors to trade.” Bitcoin investors Liu Bin told international finance reporters.

　　刘斌解释说，在2017年，国内比特币的交易环境已跟去年大相径庭。他所使用的交易平台要求投资者补充个人信息，进行多项认证，而注册为新投资者的程序也繁复了很多。

Liu Bin explained that, in 2017, the country’s trading environment in Bitcoin was quite different from last year. The trading platform he used required investors to supplement their personal information and perform multiple certifications, and the process of registering as a new investor was complicated.

　　经历数月的整顿后，国内比特币的交易环境正在回暖。

After months of consolidation, the domestic trading environment in Bitcoin is warming.

　　近日，国内三大比特币交易平台火币网、OKCoin币行和比特币中国相继恢复了比特币、莱特币提现功能。

In recent days, the three national trading platforms, the Currency Exchange Network, the OKCoin Line and the Bitcoin China, have restored their current functions to Bitcoin and Lightcoin.

　　不过，三大交易平台均对提现额度设置了上限：火币网比特币提现单笔上限为50个，单日上限为50个；OKCoin币行比特币提现单日上限为20个；比特币中国比特币提现单日上限为10个。

However, three major trading platforms have capped the withdrawal limit: a currency net bill ceiling of 50 and a single-day ceiling of 50; a currency bill ceiling of 20 for OKCoin; and a currency bill ceiling of 10 for China.

　　在重启提现功能前，三大比特币交易平台相继升级了反洗钱系统，其中最重要的是对交易客户进行严格的身份识别。

Prior to the re-launching of the current function, the three main bitcoin trading platforms had successively upgraded the anti-money-laundering system, the most important of which was the rigorous identification of the clients of the transactions.

　　例如，火币网目前已经实施的KYC（即充分了解你的客户）政策及反洗钱制度对多个方面进行了提升。

For example, the KYC (i.e., fully aware of your clients) policy and the anti-money-laundering regime, which is currently in place in the Democratic Republic of the Congo, have been upgraded in a number of ways.

　　平台加大对存量用户身份识别的普及，最终做到所有用户完全普及完，健全用户身份重新识别机制，建立黑名单制度，此外，平台还要求所有提币用户必须视频认证。最重要的是定义、收集并监测异常交易、可疑交易和全方位的运营数据，要求用户提供补充材料，建立对于可疑交易上报的制度和流程，内容永久存档可查。

In addition, the Platform requires video authentication for all customers of the currency. The most important is to define, collect and monitor unusual transactions, suspicious transactions and the full range of operational data, to require users to provide additional information, and to establish a system and process for reporting suspicious transactions that can be permanently archived.

　　货币未满投资有价

Value of under-invested currency

　　招商证券刘泽晶团队曾发文表示，比特币价格持续走高，第一个原因是随着部分国家地区经济波动风险的增加，避险情绪促使资金涌入比特币投资市场，而人们会选择比特币进行资金避险，也从侧面反映出了比特币价格走高的第二个原因，即比特币和区块链概念被更多人理解和关注，

The first reason why the price of Bitcoin has continued to rise is that, as the risk of economic volatility in some parts of the country increases, the risk of risklessness has led to an influx of funds into the Bitcoin investment market, and that people have chosen bitcoin to avoid it. The second reason for the higher price of bitcoin, that is, that the concepts of bitcoin and block chains are more understood and taken into account, is also reflected in the side.

　　比特币在全球拥有超过5000万的受众，很多投资者看好比特币的未来，认为其有潜力成为一种新型的全球性资产。除了交易平台提现功能的回归，学术界如何对比特币这类数字资产进行法理定位，同样被业内高度关注。

Bitcoin has a global audience of more than 50 million people, and many investors see the future of Bitcoin as having the potential to become a new type of global asset. In addition to the return of trading platforms to take advantage of their current functions, how academics can rationalize digital assets like Bitcoin is also of great interest within the industry.

　　国家发改委国际合作中心首席经济学家万喆近日撰文指出，全面否定比特币及数字资产的真实性和金融性内涵，并不会减损其在金融交易中的事实意义。给比特币明确的金融、法律地位，比把它的“名分”模糊化更有利于进行市场治理。

The chief economist of the CDI International Cooperation Center recently wrote that a complete denial of the trueness and financial content of Bitcoin and digital assets does not detract from its factual significance in financial transactions. Giving Bitcoin a clear financial and legal status is more conducive to market governance than blurring its “nominal” status.

　　人民银行科技司原副司长，央行数字货币研究所所长姚前提出，比特币被定义为“准数字货币”更准确。即名义为“币”，实质为非货币数字资产。在日前举行的上海新金融研究院（SFI）内部课题评审会上，姚前再次强调，把比特币称为“准”或“类”数字货币较为合适。

The former Deputy Director of Science and Technology of the People's Bank and Director of the Central Bank's Digital Monetary Institute, Yao, suggested that bitcoin was more accurately defined as a “quantified” currency. Namely, it was a “currency” and a non-monetary digital asset.

　　业内目前对比特币达成的共识是“数字黄金”，即在价值互联网时代可能取代黄金的一种全球性资产，通过技术创造的黄金。由于其标准化、可拆分、互联网等属性，在某些场景下还被用作一种高效的金融工具。

There is a consensus within the industry that “digital gold” is a global asset that may replace gold in the age of value Internet, which is created through technology. Because of its attributes of standardization, splitting, Internet, etc., it is also used in some contexts as an efficient financial instrument.

　　比特币遭遇强敌

Bitcoin's got a strong enemy.

　　目前，全球各个数字加密资产市场的市值总和已超过1000亿美元，而比特币曾是带动这一市场崛起的“领头羊”。

At present, the combined market value of the global market for digital encrypted assets exceeds $100 billion, and Bitcoin was the “lead sheep” driving the market.

　　但最近这只“领头羊”遇到了强劲对手。

　　6月12日，截至记者发稿，以太币市值已近367亿美元，与比特币（477亿美元）仅有110亿美元之差。成交量方面差距更小，比特币仅有2亿美元的优势。

As of 12 June, the market value of the NT was nearly $36.7 billion, the difference between Bitcoin ($47.7 billion) and Bitcoin was only $11 billion. The difference in turnover was even smaller, with Bitcoin having only a $200 million advantage.

　　以太币是以太坊的一种数字代币，“矿工们”需要支付以太币来支撑应用的运行。和其他数字货币一样，它也可以在交易平台上进行买卖。

The Ethercord is a digital token of the Taiku, and the “miners” have to pay to support the operation of the application. Like other digital currencies, it can be bought and sold on trading platforms.

　　更值得注意的是，比特币在整个加密货币行业的市值份额最近一直在下滑，目前大约占到45%。而此前，在整个市场数据可用的大部分时期，这一数字一直都保持在80%以上。

More notably, the market share of Bitcoin in the entire crypto-currency sector has recently been declining, now accounting for about 45 per cent, whereas it has remained at over 80 per cent for most of the period for which market data are available.

　　对冲基金加密资产管理公司（Crypto Asset Management）执行董事蒂姆·恩内金（Tim Enneking）说，尽管比特币是第一种具有规模的加密货币，并且一直是市值最高的，但是这一地位可能会很快丢失。“我认为ETH（以太币）将会取代比特币，也许就在今年年底。”

Tim Enning, Executive Director of Crypto Asset Management, says that even though Bitcoin is the first encrypted currency of its size and has always been the highest market value, this status may soon be lost. “I think that ETH will replace Bitcoin, perhaps by the end of this year.”

　　恩内金并不是惟一这么认为的，加密货币倡导者和律师Sebastian Limeres还预测ETH的市值今年或明年将会超过比特币。他说：“ETH对平台来说将是下一个大事件，就像Oracle对软件一样。”

Enekin is not the only one to think of it, and the encryption money advocate and lawyer Sebastian Limeres also predicts that the market value of ETH will exceed that of Bitcoin this year or next year. He says, "ETH will be the next big event for the platform, just like Oracle for the software."

　　风险投资机构Union Square Venture合伙人Fred Wilson在回答媒体关于2017年科技行业预测的提问时，只说了一句话：“2017年底之前以太坊的市值会超过比特币的市值。”

Fred Wilson, partner of the venture capital agency Union Square Venture, in response to a question from the media about the science and technology industry forecast for 2017, said only one thing: “The market value of Taijin will exceed the market value of Bitcoin by the end of 2017.”

　　关注科技金融的风投人士李秋也对记者表示，“很多资本、金融巨头都在布局区块链、以太币。”

“Many capital, financial giants are laying chains, Ethers,” Lee Qiu, who focuses on science and technology finance, also said to reporters.

　　投资者需警惕泡沫

Investors need to be wary of bubbles.

　　在李秋看来，要判断以太币、比特币孰强孰弱，需要关注以下几个问题：什么是以太坊？以太币是否存在泡沫？现在买币或挖币是不是良机？

From Li Qiu’s point of view, to judge whether the Ether and the Bitcoin are strong or weak, the following questions need to be addressed: What is the Ethio? Is there a bubble in the Ether? Is it a good opportunity to buy or dig a coin now?

　　据李秋介绍，比特币是开创去中心化密码货币的“鼻祖”，5年多的时间充分检验了区块链技术的可行性和安全性。然而，比特币并不完美，协议的扩展性就是其中一项不足。例如比特币网络里只有一种符号——比特币，用户无法自定义另外的符号。另外，比特币协议里使用了一套基于堆栈的脚本语言，这语言虽然具有一定灵活性，使得像多重签名这样的功能得以实现，但不足以构建更高级的应用，例如去中心化交易所等。“所以，以太坊从设计上就是为了解决比特币扩展性不足的问题。”

According to Li Qiu, Bitcoin was the “nosal” who created decentralized code money, and for more than five years had fully tested the feasibility and security of block chain technology. However, Bitcoin was not perfect, and the extension of the protocol was one of its shortcomings. For example, there was only one symbol in the Bitcoin network — bitcoin — and the user could not define the other. In addition, the Bitcoin protocol used a script language based on stacking, which, although flexible, allowed functions such as multiple signatures to be performed, but was not sufficient to build higher applications, such as decentralizing exchanges. “So, the Tetsu has been designed to address the problem of bitco expansion.”

　　但是，比特币曾经从高位跌至173美元的“血泪史”，让投资者不禁发问：疯涨是否只是暂时的？目前以太币是否存在泡沫？

But Bitcoin had fallen from a height to a history of blood and tears of US$ 173, leaving investors wondering: Is madness temporary? Is there a bubble in the Ether?

　　根据Union Square Venture理论，当以太币升值时，引起早期投机者的关注，他们成为协议本身的利益相关者，并在经济上投入支持其成功。然后，一些早期投机者认识到其成功将进一步提高其代码的价值，便使用部分利润围绕协议构建产品和服务。其中一些成功的产品和服务，将新用户带入网络，也可能是VC和其他类型的投资者。这进一步增加了以太币的价值，这引起了更多开发者的关注，从而导致更多的应用程序等，循环往复。

According to the Union Square Venture theory, when the TT is appreciated, they draw the attention of early speculators, who become stakeholders in the agreement itself, and invest economically to support its success. Then, some early speculators, recognizing that its success will further enhance the value of its code, use part of their profits to build products and services around the agreement. Some of these successful products and services, which bring new users to the network, may be VCs and other types of investors.

　　但是，李秋指出，最初的增长是由投机驱动的。因为大多数虚拟货币被设计为稀缺资源，因为对协议兴趣的增加，因此每个虚拟币的价格以及虚拟币整体的市值也同时飙升。有时兴趣增长比虚拟币的供应快得多，导致泡沫风格的升值。随着ETH价格上涨以及获得的投资者关注增加，大家都很好奇这种数字资产将如何继续向前发展。不过，每个人应该会有自己的判断。

However, Li Qiu pointed out that the initial growth was driven by speculation. Because most virtual currencies were designed to be scarce resources, the price of each virtual currency and the market value of the virtual currency as a whole increased interest in the agreement soared at the same time.

　　记者 黄希 张竞怡 吴斯洁

Reporter, Huang Xi, Jingyi Zhang, Gosjee.

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