What are the ups and downs of bitcoin
There are many reasons for bitcoin's collapse. I think it is mainly because it has no government policy support, the conflict between cash bitcoin and virtual bitcoin, and the decline of public confidence in it. First of all, bitcoin is not supported by the government. It is not protected by relevant government policies. In China, the protection of the government is a big protective film. With policy protection, the impact of this slump will be minimized, and the government will share part of the pressure{ RRRRR}
in any case, there are a lot of reasons for bitcoin's collapse, and each has its own views
response time: December 15, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html
Since January, the real supervision has not come, only a few ambiguous scrapes have come, the exchange is still there, the project party has not gone, the media of the office is getting better and better, and the related instries are also sleeping day and night. But the bear market has come. It seems that it is unwilling to go. It went down in January, fell in February, and was sluggish in March. Many people cry out that it is a pity to abandon them. They are very surprised. Some people say that the 2014 bear market will repeat itself, while others say that the past is good and we should hold on. We might as well think from the following angles and get our own answers
"bitcoin is the vane of the digital money market. The rise and fall of bitcoin price determines the heat of the overall market and the ability to attract external funds. Therefore, we mainly discuss bitcoin and other mainstream digital currencies."
Like the development and prosperity of the stock market, the game of multi countries will become the theme of the future. Investors will also become more rational, and graally rece the weight of policy in the face of digital money marketWhere will ICO itself go and what will the currency of investment be
answer: as a means of financing, ICO is more efficient than IPO and more fair in the distribution of profits. Of course, its own limitations will also limit the development of this financial instrument. ICO and IPO will exist for a long time in the future, serving different instries. Whatever is suitable for token will promote the development of ICO, as well as in policy. IPO will not disappear, because it is more in line with the existing legal framework, in line with international standards and other first mover advantages will support him to continue to maintain the financial channel of related instries
bitcoin rises crazily and falls miserably. Why are people willing to pay for it? It's not that some people are willing to pay, but they have no way to overcome their greed. When investing, many people can't control their emotions, leading to impulse trading, thus paying for losses
the wealth story of bitcoin has made many people lose their minds. Bitcoin has gone up a lot, but there are still many people who buy it regardless of risk because they think they will make money. Human nature is very difficult to overcome, especially in the face of a sharp rise. Many times, there is no way to overcome their greed, which leads to emotional impulse and leads to high-level buying of bitcoin. When they rise, they make a lot of money, and when they fall, they lose a lot. This will magnify the greed and fear of human nature. Investors who have no way to control their human nature may pay for their own behavior
Third, there is no good trading planin the face of the sharp rise and fall of bitcoin, many investors have not made a good trading plan at all. They buy and sell all by their own feelings. If there is no trading plan, they may get hot headed and lead to random buying, which is also the reason why they pay at a high level
bitcoin has not experienced big ups and falls for several days, and it may have much to do with the bubble of the market. Tesla's float is up to 990 million US dollars, or about 6 billion 400 million yuan. Some people really like this price, while others worry about it. After all, some people have made a lot of money in bitcoin, but some people think that the bubble will always be broken. The high price now does not know what will bring serious consequences. p> Third, the price of bitcoin can not be sustained< p> JPMorgan team believes that bitcoin's surge since January this year seems to be more affected by speculative capital flows. Analysts at the bank pointed out that in the past five months, the total institutional inflow was only about $11 billion, but the market value of bitcoin increased by about $700 billion. According to Xinhua news agency, JP Morgan believes that from the perspective of risk assets, the reasonable price range of bitcoin is $11000 to $25000. The price of $25000 has reflected the long-term acceptance of bitcoin by institutions, and the current price of more than $50000 is unsustainable
transferring bitcoin to the other end of the earth is as simple, low-cost and unlimited as sending e-mail
As a result, bitcoin is used in cross-border trade, payment, remittance and other fields
first: benefiting from the loose monetary policy of the Federal Reserve,
suffered from the COVID-19 pandemic this year. In order to solve the liquidity crisis and stimulate the economy, the Fed injected a large amount of liquidity into the US dollar, causing huge fluctuations in the global financial market, including the digital money market. P>
second: the occurrence of COVID-19, the hedging attribute of bitcoin
COVID-19 epidemic has swept across many countries in the world, and has also had a great impact on enterprises and investment circles. p>
in the Research Report of grayscale investment, it is mentioned that two thirds of the respondents who have invested in bitcoin in the past four months said that the new coronavirus epidemic affected their decision to invest in bitcoin
bus line: No.24 → No.1, the whole journey is about 6.5km, 45 minutes
1, walk about 10m from Xingfu community to Xingfu community station
2, take No.24, pass 4 stops, reach Xinglongtai District government station
3, take No.1, pass 9 stops, reach Nanmen station of central hospital
4, walk about 80m, reach Panjin Central Hospital of Liaoning Province
For these digital currencies, the overall price rise is closely related to the overall international economic situation and the control of bitcoin by various countries{ RRRRR}
and for the current bitcoin market, many speculators have entered the market. Some large capital institutions will make on-site speculation on bitcoin in various ways. When a large number of funds enter the bitcoin market, it will push up the price of the whole bitcoin, but when part of the funds withdraw, It will make the price of bitcoin drop sharply
The reasons for bitcoin's collapse are as follows:
1. Tesla stopped bitcoin payment, which made bitcoin lose its payment function 2 with the increasing popularity of the Internet, more and more people begin to pay attention to emerging instries. As a leader in the emerging instry, bitcoin has developed very well in recent years. Bitcoin has been regarded as the air outlet for the transformation of the Internet instry, which shows that bitcoin technology has been recognized by many people, and the valuation of bitcoin is also rising. Bitcoin plummeted because Tesla stopped bitcoin payment, which frustrated many people's desire to become a new payment tool; Musk suggested that the company had cleared its position and sold bitcoin, which led to the short of bitcoin and the loss of long momentum; Finally, many bank accounts do not allow bitcoin trading, which makes bitcoin face regulatory risks and thus lose liquidity