Bitcoin bitstamp
the price of bitcoin is always floating, so the price of bitcoin for RMB is always changing. From the beginning, a few years ago, when bitcoin was converted into RMB, it was only one to several, and finally it graally developed to one to more than ten, and then to one to dozens. At this time, it has been very shocking, and many people think it is a very strange phenomenon, As a virtual currency, although many people don't know what its main function is, most people think it's a bit similar to stocks, so they made a series of investments in bitcoin. Until January 2020, the value of bitcoin has grown crazily, rising to nearly 1:47000 this growth rate has exceeded most excellent stocks. Many people are shocked and often want to understand why this phenomenon occurs. In fact, my analysis is mainly caused by the following reasons:
3 Of course, one of the main reasons why the price of bitcoin has risen so fast is also related to the psychology of chasing up and killing down. For example, when many stocks have been rising, more people will buy them, but when they are falling, many people withdraw because of fear. So far, bitcoin's rise is still very large, Therefore, some people think it has investment value, so they have been buying it
political events: most of these events involve the government's attitude towards bitcoin, such as the Federal Reserve's recognition of bitcoin as a financial instrument, Germany's recognition of bitcoin as a currency, China's prohibition of financial institutions from participating in bitcoin trading, and Russia's prohibition of using bitcoin and participating in bitcoin mining. Although bitcoin itself is a neutral technology, it is not affected by politics, but the price of bitcoin will fluctuate dramatically because of such events. So far, this is the biggest factor affecting the price of bitcoin
exchange events: Although bitcoin is a decentralized currency, bitcoin transactions mainly take place in centralized exchanges. Since the birth of bitcoin, many exchanges have been stolen. For example, mtgox, the largest Japanese exchange, lost 700000 bitcoins. Recently, bitfinex, the Hong Kong exchange, lost 120000 bitcoins. Bitstamp, the Slovenian exchange, was attacked and lost 19000 bitcoins. Whenever such an event occurs, the risk of bitcoin trading increases sharply, and bitcoin will often usher in a larger decline
financial events: such events often come from the instability of the real financial world, such as the default of the Central Bank of Cyprus, which leads to zero savings of more than 100000 euros of the country's depositors, serious devaluation of Ukraine's currency under the pressure of war, and brexit of the UK, which weakens the stability of the euro area. Bitcoin, as a safe haven asset, is gaining more and more market recognition. At present, the trading volume of bitcoin in the world has exceeded that of gold ETF, and the instability of fiat money has caused the continuous rise of bitcoin
Technical events: as a decentralized open source network protocol, bitcoin's code is far from perfect. There have been several crises in bitcoin's protocol. For example, a certain upgrade of bitcoin protocol has not been unanimously recognized by the whole network. In the end, there is a double flower problem. The scalability of bitcoin's transaction makes it easy for hackers to attack and steal, At one time, it forced several bitcoin exchanges to suspend trading. Recently, there has been a heated debate about expansion in the bitcoin community, and no effective solution has been available, which has cast a shadow on the future of bitcoin. Whether the bitcoin protocol can continue to evolve is a long-term impact on the price of bitcoin.
easy to use
the concept was proposed by Satoshi Nakamoto in 2008. Then, based on the concept of openness, peer-to-peer, consensus and direct participation, combined with the working mode of open source software and block cipher in cryptography, he developed an operating system for bitcoin issuance, trading and account management on the platform of P2P peer-to-peer network and distributed database. The system enables all nodes throughout the peer-to-peer network to reach a network agreement according to their seed files, so as to ensure fairness, security and reliability in currency issuance, management and circulation. And promised that bitcoin will become "e-cash" similar to e-mail. It can avoid inflation without examination and approval, and everyone has the right to issue it; After the payment is completed, the user loses the ownership of the bitcoin. On January 3, 2009, 50 bitcoins came out
unlike traditional currencies, the operation mechanism of bitcoin does not rely on the support or credit guarantee of the central bank, the government and enterprises, but relies on the network agreement reached by the seed files in the peer-to-peer network. The decentralized and self-improvement monetary system theoretically ensures that no one, institution or government can control the total amount of bitcoin, Or create inflation. Its total amount of money graally increased at the designed rate, and the increase rate graally slowed down, and finally reached the limit of 21 million in 2140
there are many ways to use bitcoin, which can be converted into local cash or gold coins through electronic currency exchanges, service providers and indivials; It can also be used directly to purchase goods and services. With the rapid growth of indivials, organizations, businesses and enterprises receiving bitcoin payments, the exchange rate has risen thousands of times in four years. As of March 30, 2013, the total value of all issued bitcoin has exceeded 1 billion US dollars after being converted into US dollars according to the market price. Although bitcoin is currently the most widely used electronic currency, in addition to some countries have explicit provisions on virtual currency, there is no legal regulation and protection for the issuance of bitcoin in any country.