Bitcoin stands at $10000
There are many views on the reasons why bitcoin fell below $10000 this time, some people in the instry said: "maybe it's a good play prepared by the main force to commemorate the 94 event in advance." more people think that the withdrawal of OTC funds by mining of defi (decentralized Finance) may be one of the main reasons for the current round of decline. However, there are also views that the main reason for the decline of bitcoin is e to the market smashing by the makers
according to the website of coinmarketcap, in the early morning of September 3, bitcoin dropped more than 10% in the short term. At one time, bitcoin fell below the US $10000 level, and the lowest fell to US $9960, which was a new low since July 27, with a 24-hour decline of 9.98%. At present, bitcoin has rebounded to US $10302. At the same time, cryptocurrency declined collectively, and most of the top ten popular currencies in market value, except stable currency, fell by more than 10%
However, e to the special date of bitcoin's decline and the foreshadowing of the decline in the previous two days, some people in the instry said: "maybe it's a good play prepared by the main force to commemorate the 94 event in advance.". It is reported that the coin circle 94 incident originated from September 4, 2017, when seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, officially calling for the suspension of ICO (initial token issuance) financing, which was regarded as an important watershed in the history of China's digital currency speculationhowever, it is not the tradition of the coin circle to fall every festival. On the decline of bitcoin this time, more people think that the withdrawal of OTC funds by the mining of defi (decentralized Finance) may be one of the main reasons for this round of decline
however, there are also views that the main reason for the decline of bitcoin is e to the market smashing by the makers
KOL, an analyst known as the trend maniac of digital currency, pointed out that there have been a large number of smashing orders in the exchange recently. When the currency price is around us $11770-11800, the exchange's large investors mp goods at US $11750 in 500btc, and all the orders are instantly eaten by the brick moving robot, about 4000 coins are smashed
extended data
mining of DEI (decentralized Finance) and withdrawal of over-the-counter funds are the reasons for the current round of decline.
Wu Gang, founder of bitcoin wallet letter, publicly said on the social platform that the market decline is the "blood sucking" of the defi (decentralized Finance) project, and gave an example of sushi project, which has soared 100 times recently
Kang Lu, a senior researcher of fire coin Research Institute, said to the analysis of interface news that the recent hot spot of digital currency is not in the bitcoin market, but the prosperity of the overall digital currency market caused by the graal prosperity of the decentralized financial market in Ethereum ecology and wave field ecology
it can be seen from the fact that the trading volume of decentralized exchanges has reached 6% of that of mainstream exchanges. In addition, at the beginning of September, the 24-hour trading volume of uniswap, a decentralized exchange, reached US $441 million, surpassing the head centralized exchange coinbase Pro for the first time
very large
when the unit price of bitcoin reached the highest level, it reached about US $40000, but now it just fell below the US $10000 mark, many friends who hold bitcoin can't sit still. In order to stop their loss trading in time, they sold all their bitcoin, and even reced the price of their bitcoin in order to recover the funds as soon as possible
and the total amount of bitcoin is extremely limited. Once the total amount of bitcoin is g up, the amount of bitcoin in circulation on the market will graally decrease, because many people have already madly bought a lot of bitcoin at a low price, and now they will make a lot of money even if they sell it at the price of $10000
this process is very similar to a game we played when we were young - drumming and passing flowers. People who take part in this game think that there are so many people, and this flower will never fall into my hands. But when the speed of drumming is faster and faster, and the speed of flower spreading is faster and faster, many people begin to become very nervous. At this time, it is easy to have all kinds of food, so that the flowers will fall into their own hands
If you know something about digital currency, you should understand that there is no reason for bitcoin's rise and fall, because bitcoin does not involve any value, nor does it have any circulation right. The so-called value of bitcoin is just a trick hyped by digital currency merchants. Now the price of bitcoin has fallen below $10000, Many people think that this may be the latest low point of bitcoin in the future, so they began to buy it desperately
but at this time, if bitcoin falls to $8000, should these people jump? I believe that most people will not jump, but will be crazy to sell all the bitcoin they bought before, in this way to make up for their losses
{rrrrrrr}
but now bitcoin has a firm foothold, and most people have been recognized by bitcoin. It is impossible to return the unit price of bitcoin to a few dollars, so when you play bitcoin, you'd better find the right owner and follow the big family to buy. It should be a safe choice, After all, big companies have a large number of bitcoins, which will affect the price when they sell them
if you are a retail investor and buy bitcoin to make a fortune, I suggest you quit the market in time and never buy a lot of money into digital currency, so as not to get deeper and deeper
bitcoin will rebound, but not now
many people always think that bitcoin is just a virtual currency, which is similar to what we call game currency. This idea is very wrong. The reason why bitcoin has its own value is that most people especially recognize bitcoin. We all know that it is very difficult to obtain bitcoin, And everyone needs professional equipment to dig on the network, which is where bitcoin is valuable
the total amount of bitcoin is very limited, so most of the bitcoins in circulation in the market are mined before. Every time the price of bitcoin is low, a large number of people will come out and buy them in their own hands
I hope you can be careful when buying bitcoin. If you don't know anything about digital currency, don't go into this muddy water
To tell you the truth, this question will become very big if it is unfolded. If I want to write clearly my personal feelings from the beginning to the end, it will become smelly and long. So I want to use a few simple aspects and my personal views to answer this very difficult question
let's briefly talk about what bitcoin is, because this simple problem is misunderstood by most people at present. Because it is called "bitcoin", because there is a currency, this word naturally equals to RMB, US dollar, franc and other legal compensation currencies. In fact, this is totally wrong. The definition of legal currency is "the currency given by the state in the form of law for compulsory circulation". When bitcoin appeared, it was written in the white paper that the e-cash system was completely realized through point-to-point technology, which enables online payment to be directly initiated by one party and paid to the other party without any financial institutions
so what exactly is bitcoin? To be exact, it should be regarded as a commodity rather than a currency, because you can see in the white paper that "there is no need to go through any financial institutions". When bitcoin was created by Nakamoto, it was intended to change the life of the bank which was not trusted by the people because of the economic crisis. But we say the vision is good, but the reality is cruel. Even Alipay with 1 billion users can't get rid of the bank's life, let alone a small bitcoin. p>
but you can say why bitcoin is still used by many people for trading and its price is not low, that is because its market demand is very large, resulting in its high price. What is this demand for? Let's talk about it next time. In a word, its high market demand leads to high price. What is bitcoin? I prefer to compare it to a hard currency or a very scarce commodity. Like gold. Let's take a look at an interesting figure:
to tell you the truth, the development of blockchain is very, very early now. All of a sudden, so much capital has poured in, which makes everyone crazy. When the slump comes, it's a bit at a loss. Now the price of bitcoin is more stable, which gives more time for many people who are calm down to do things
out of trust in blockchain technology, bitcoin, as the genesis currency of blockchain, will have a place in the future. Money price is not the most important thing. But make a bold guess. Bitcoin or digital virtual currency will definitely recover in early 2020 and mid-2019. The bull market will come at that time. Is it possible to go back to $2W? Maybe more. Maybe
in the future world I imagine, blockchain technology will surely create a happier and better future for mankind. And the accompanying bitcoin will certainly lead to a bull market
is to read more about the various currencies or project's white paper. I pay attention to my WeChat official account: "Nanjing block chain" can get thousands of white papers free of charge, so that you will have a better understanding of the chain world. p>
no matter which country's currency is, it is not just a piece of paper. Behind it is the corresponding gold or silver or crude oil, which can only be issued with us dollars as the corresponding hard currency reserve,
otherwise, anyone can print money, And it can be printed infinitely, but once it is linked with gold, silver and other hard currencies, it can't be printed casually. Once it is printed casually, it will rece the purchasing power of domestic currency.
to sum up, bitcoin, which is purely used to cut leeks, must not participate in the game, and it will die miserably Because it doesn't have any hard currency or corporate endorsement,)
because it can declare bankruptcy and collapse at any time, or plummet to a point you can't imagine, which can make you lose a lot at once.
look, this is the old map, and the black spot in the map is the melting room