Bitcoin joins the Federal Reserve
bitcoin is expected to rise again when the Federal Reserve cuts interest rates again. This is an opportunity for them. Bitcoin will benefit greatly in the short term if the Federal Reserve continues to cut interest rates
however, the U.S. economic system should not be so weak, perhaps these are just a surface , because for the mainstream financial markets, the U.S. dollar, stock market, gold, futures, foreign exchange, bond market, funds and other markets are the focus of big funds. Because the currency circle is still a relatively isolated small market after all, it has no linkage with the traditional economy
The Fed has cut interest rates twice in a row, and the previous decline of the bitcoin may be reversed. They have a chance to start a new round of rise . Although the Fed has plans to cut interest rates, it is also an opportunity for the bitcoin
now many people expect the Federal Reserve to start the next round of easing policy, because the US dollar has not been released for many years , so many financial assets are very looking forward to it, just like bitcoin. Some people say that bitcoin will soon return to the time of US $20000. So the trend of bitcoin is closely related to the trend of the US dollar
On March 13, the price of bitcoin once exceeded $60000 per unit, a record high< bitcoin's new record is mainly e to four reasons: first, the US $1.9 trillion fiscal stimulus plan has been approved, which makes the market expect that the US Federal Reserve and the US Treasury will further release us dollar liquidity, greatly easing the financial market investors' worries about the tightening of the US Federal Reserve's monetary policy, As a result, under the condition that inflation pressure is rising e to the continued overflow of US dollar liquidity, the investment institutions that left the market will return to bitcoin again
Second, it was rumored in the market that French congressmen signed a petition to urge the French central bank to buy bitcoin, which stimulated the market's buying enthusiasm
Thirdly, MicroStrategy and other institutions continue to purchase bitcoin, which makes the financial market feel that the attention and recognition of large companies to bitcoin are still increasing Fourthly, the profit making effect of bitcoin rebound is driving new investors to rush into this market
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be alert to market risk
a number of encrypted digital asset exchanges believe that although the price of bitcoin continues to rise, investors need to pay close attention to the high volatility risk of bitcoin price. Over the past month, bitcoin has repeatedly appeared at record highs, and suddenly showed a sharp correction trend, which made many highly leveraged pursuers fall into the risk of burst positions. In addition, investors also need to pay close attention to the possible price manipulation risk of bitcoin. Because bitcoin liquidity is not high enough, any big bitcoin investors suddenly sell their positions to make profits and leave the market, which will trigger a sharp decline of bitcoin in a short period of time
Wang Jinlong, founder and CEO of Haitou, told reporters that the price of bitcoin is quite volatile at present, and there are a lot of high leverage investors' accounts exploding every day. Therefore, on the whole, we still need to be cautious to catch up with bitcoin. In addition, investors should pay close attention to the trend of global central banks. As more and more central banks plan to issue their own digital currencies, will they bring about a huge "crowding out effect" compared with the application scenarios and demand of bitcoin, which may trigger a new round of valuation adjustment of bitcoin
this week, the US Federal Reserve's monetary policy meeting will decide whether to raise interest rates for the second time since the zero interest rate policy, which is of great concern to the market. According to the CSE fed watch tool, traders currently predict that the probability of the Federal Reserve raising interest rates in December this year will reach 97%. In December last year, the Federal Reserve raised interest rates for the first time in nearly 10 years, starting the interest rate increase cycle. Although the market has repeatedly expected to raise interest rates, it has not raised interest rates once so far this year, and the market's expectations have failed again and again
high interest rates will attract more foreign investors to invest in foreign exchange, and the demand for us dollars will rise. So how will bitcoin respond to changes in the US interest rate market
in fact, the Fed's interest rate increase has already been seriously spoiled, and it is a high probability event. Fire currency special analysts believe that the Federal Reserve is very likely to raise interest rates, which seems to suppress safe haven assets such as gold and bitcoin and support US bonds and the US dollar. However, e to the strong visibility of this interest rate increase, the market has digested it ahead of time< According to Zhu Jiawei, the COO of fire coin, "this year is a bull market for bitcoin. The promotion of the concept of blockchain and digital currency, the change of domestic investment environment and the development of bitcoin application have all created good conditions for bitcoin investment."
whether bitcoin is a great internet financial experiment or a Ponzi scheme dominated by geeks, bitcoin has become the most popular Internet virtual currency in the world. Looking back to 2013, bitcoin had a great reputation. Its price once surpassed gold and even exceeded $1100. However, in 2014, bitcoin saw a sharp drop of more than 70%. This year, bitcoin prices have soared many times. At the end of May this year, the price of bitcoin rose sharply. In the three days from May 27 to 29, the price of bitcoin rose from about 2950 yuan to about 3800 yuan, an increase of more than 25%. In mid June, the price of bitcoin once exceeded 5000 yuan, and the price of US dollar once exceeded 750 US dollars, reaching a new high since the beginning of 2014
according to some analysts, there are different reasons for the comeback of bitcoin. From the macro level, bitcoin is also different from the past. In the past year, as the blockchain technology behind bitcoin has been widely recognized around the world, many countries have carried out legislation and supervision on bitcoin, objectively popularized bitcoin to more public groups, which has brought a better social environment for the development of bitcoin. The price of bitcoin is likely to exceed $2000 in 2017, according to a report from Saab bank in Denmark.
the first time, in March last year, bitcoin soared from tens of dollars to 266 dollars overnight
for the second time, the United States held a bitcoin hearing on September 18 last year. Before the hearing, the Federal Reserve and other relevant people looked at bitcoin. Under the influence of the good news again, the price of bitcoin rose to 8000 yuan
the third time is ring this year's World Cup. Due to the influence of the world cup, the price of bitcoin once approached 6000
for the fourth time, bitcoin suddenly rose to 3000 yuan after six months of continuous downturn and hovering around 2400 for a long time. It is said that it is the entry of hot money.
as long as the Fed's loose monetary policy is not suspended, the rise of bitcoin will not stop in fact, the rise of bitcoin has continued since last year. Although there are occasional fluctuations and callbacks, in fact, the rise of bitcoin has never stopped. Although many investors are optimistic about bitcoin, they even think it can become digital gold. But in fact, the rise of bitcoin price is not complicated. The core is that central banks continue to ease monetary policy, resulting in excessive liquidity, which can be seen from the stock market. The stock price has been pushed very high, so the institutions began to inject the remaining liquidity into the bitcoin market, which led to the soaring price of bitcoin
yesterday, a number of investors called the hotline to say that they hoped more people would know about this and prevent them from falling into a trap when investing< In April last year, Mr. Lin learned from his friend pan that the other party was running a virtual currency project called dascoin, and pan invited him to attend an investment lecture
Pan rents a store in Haitan villa in the urban area and often holds lectures on virtual currency investment“ I heard that once, he said that dascoin has a good prospect, and the income in a few months may be dozens of times. He also showed me the records of other people's investment on their mobile phones, many of which were bought for hundreds of thousands of yuan. " Mr. Lin said that he knew very little about virtual coins. He heard that someone had made money for "bitcoin". After listening to Pan's publicity, he decided to try it. "At that time, the price of a Darth coin was more than 1 yuan. I transferred it to Alipay for 7000 yuan and bought 5000."
"Pan said that the coins would not arrive until three months later. He also gave something similar to the U shield of online banking, saying that it was a" virtual currency wallet "and that he wanted to buy and sell virtual coins through that login account." Mr. Lin said that he had been waiting for more than half a year, but he didn't receive the virtual currency. "I'm sorry to urge him because I'm a friend. In March this year, I questioned a few words in the investment group, and he kicked me out of the group."< Mr. Zheng, who is engaged in hardware business, knows little about virtual currency. He met Mr. Pan under the introction of a friend and invested nearly 250000 yuan to buy dascoin four times“ Pan said that virtual currency should be minted in batches. Let me wait patiently. " Mr. Zheng said that the first class was more than a year. During this period, he saw the price of a dascoin drop from more than 1 yuan to 8 cents today
according to the query website provided by pan to Mr. Zheng, dascoin was issued in May last year. At the beginning of the issue, the highest price was 1.5439 yuan per coin. Since then, it has been on a downward trend
on June 27, pan informed Mr. Zheng that all the virtual coins had been cast and had been entered into his account“ The dascoin I bought for 250000 yuan is only 20000 yuan according to the latest price. " Mr. Lin asked why the losses were so serious“ Pan said that the market is not good, this is a normal market fluctuation. "
on July 1, Mr. Zheng found pan with his "virtual currency wallet" and asked the other party to show how to sell virtual currency on the spot. He said that Pan told him that the domestic trading volume of dascoin was small and it was difficult to sell it. "He said that it could be traded abroad, but I said that it could be sold. As a result, he said that it would be operated through the English interface, and he would not do it. Anyway, it means that I can't sell these coins."<
answering "I don't know" in the face of questions has also blacked the reporter
the investors calling the news hotline said that in a "dascoin" investment group, there are nearly 100 investors, most of them from Wenzhou. At present, a rights protection group composed of more than 10 of them has been established. According to the rough statistics of the members of the group, the amount of their investment alone exceeds one million yuan. At present, they have not obtained the income promised by the other party
"pan is just a leader. His family name is a woman surnamed Liao. We suspect that more investors are kept in the dark." Mr. Lin said that after the dascoin project, Liao also set up other similar virtual currency projects. He wanted to remind investors to be careful of falling into the trap
yesterday, the reporter contacted pan and Liao. In the face of the above investors' doubts, pan refused "I don't know!" Then hang up and pull the phone black reporter<
Liao denied that he had promised to get high returns by investing in dascoin. "Investment is inherently risky, and it's normal to go up and down."
according to instry insiders, the virtual currency instry is a mixture of good and bad, so we must do our homework before investing, and do not blindly follow the trend. When investing, it is best to buy mainstream currencies from well-known large platforms. This personage reminds, fictitious money market quotation fluctuation is huge, often rise abruptly drop, want to bear ability according to oneself risk investment