Bitcoin wedge reversal
I believe many people have this idea, but in reality, there is no pie in the sky. It's more about getting rich by being down-to-earth. However, there are always exceptions. For example, some people buy lottery tickets or make investments, and the profits are hundreds of times. Today's teacher who was once thought to be a fool is just like this, He was ridiculed for buying 100000 bitcoins at the time. The generation of bitcoin only depends on a specific algorithm, which can be generated after a large number of calculations. Because the total quantity is limited, the extremely scarce bitcoin naturally becomes a direction of investment. After all, the rarity of things is the most expensive
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
from the moment bitcoin proced value to the sky high price of nearly $20000 gold, bitcoin rose by tens of thousands of times ring this period, which also created a lot of people's freedom of wealth. Most investors love and hate bitcoin. They love speculative property, and they have no limit to the rise and fall. They hate to be unable to analyze the market and make profits in the market
so why is it still suitable to buy bitcoin in 2020
1. The third proction rection
in May, bitcoin reced its proction for the third time. Under the hype of the proction rection market, the third proction rection of bitcoin brought confidence to most investors in the market, but the price did not change significantly
judging from the market, bitcoin is leading the rise of other financial procts under the same conditions. It dropped to $3800 in March, and then rose all the way to about $10000, walking out of the V-shaped reversal
the V-shaped reversal is not easy. After all, the previous market had to be sorted out for several months before going up. This also illustrates the purchasing power of bitcoin in the market
moreover, after halving, the amount of bitcoin g up by the miners has graally decreased. In addition to the lost bitcoin, there are not many bitcoins in circulation in the market, and the bitcoin market is a market brought about by demand. With many external factors, many investors want to use bitcoin for risk hedging, and the liquidity of the market is expanding step by step<
2. Institutions bought a lot
after halving, gray alone increased its holdings of 18910 bitcoins, while after halving, the miners only mined 12337 bitcoins, indicating that the number of gray holdings increased was 150% of the total mining amount of miners in the same period
in addition to institutions, some celebrities have also publicly expressed their desire to buy bitcoin. For example, the author of "poor dad, rich dad" tweeted the reason why he wanted to invest in bitcoin. Before that, he repeatedly said that with the continuous release of water from the Federal Reserve, bitcoin may become a good hedging tool to deal with the current financial crisis
with the entry of specialized institutional teams, bitcoin has been known by more and more people, and its value has also been understood by more and more people< 3. Bitcoin leads the global financial asset growth
the secondary market of bitcoin is huge, with the number of new addresses and active addresses increasing every day. There are many people who know about bitcoin but don't enter the market
the massive entry of foreign institutions leads to the concentration of some chips. In this process, it is not only the transfer of chips, but also the transfer of price rights.
bitcoin has become one of the hottest topics at present. however, if we simply regard bitcoin's breakthrough of $30000 as a fraud, then some of them are relatively simple. After all, bitcoin is still of great value as the most valuable virtual currency. The blockchain behind it also represents another development direction. In fact, netizens have had a lot of discussions on this. I have also given other answers to such questions. If you like, you can have a look{ Third, how to look at the future development of bitcoin
in my opinion, after this soaring, bitcoin may usher in a slump in the future. So I hope you can look at such an event rationally. And for those who invest in bitcoin, they also hope that they can treat it rationally. After all, the price of bitcoin has reached the point that ordinary people can't accept. Most importantly, I hope you can understand that we have never acknowledged bitcoin from the beginning to the end
On Friday (February 2) Beijing time, Dr. doomsday Roubini said that the fundamental value of bitcoin is zero, and bitcoin is more serious than tulip mania“ The cost of bitcoin trading is $50 at a time, bitcoin is the biggest Ponzi scheme in history, and the bubble of encrypted money is breaking up. He said
according to gdax's quotation, bitcoin fell below the $8000 mark, a new low since November last year. Bitcoin prices have fallen 30% this week, and are now down nearly 60% from their all-time highs
Analysts said that the disappearance of the "kimchi premium" was partly e to the selling pressure of arbitragers, but it was also reflected in the sharp reversal of investors' buying in one of the world's craziest marketsSouth Korea's deputy prime minister and Finance Minister Kim Dong Yuan said on Wednesday that the South Korean government has no plan to shut down digital currency trading“ There is no intention to ban or suppress the digital money market, and the most urgent task is to supervise the exchanges. "
Musk spoke out for environmental protection, saying that bitcoin consumes too much energy. It's really puzzling to have such a severe condemnation attitude. Why did musk take a 180 degree turn in his attitude towards bitcoin? It starts with the fact that Musk's company has sold quite a few bitcoins{ RRRRR}
now, with the hype of musk, the price of dog coin can be said to jump up and down, while the popularity of bitcoin is obviously not as high as before. As the virtual currency itself depends on popularity and drumming, it's not surprising that musk has a poor attitude towards bitcoin in order to make bitcoin cheaper< as a businessman, Musk's purpose is to make profits
to sum up the above, musk condemns bitcoin for its high energy consumption. His attitude towards bitcoin has changed 180 degrees. The main purpose is to earn some price difference. Businessmen are born for profit
Many people know that the price of bitcoin continued to rise, so that mining became popular again, and the price of computer graphics card remained high< however, what leads to this phenomenon is not only the investment value of bitcoin, but also the set left by musk because musk is a money player, and he has the aura of Tesla CEO, some of his operations will affect the change of the coin circle. Now bitcoin prices decline, but also with musk indispensable relationship
Strictly speaking, some people are trapped by musk< but no wonder musk, the currency circle is also a kind of investment, and the risk is great
musk is an old hand in the coin circle and often makes money by playing with coins. When bitcoin's momentum goes down, musk seems to be deliberately extending his hand to the newly emerging dogcoin< even launched a vote on the Internet to ask netizens if they want to accept dog money. More than 78% of the supporters confirmed it
it seems that musk is likely to open the next trap. People in the investment circle should also be cautious and should not follow blindly& ldquo; Investment is risky, so be cautious when entering the market;, Never out of date