The price of bitcoin is soaring
Publish: 2021-05-23 11:06:05
1. There is no push behind bitcoin. There is no reason to go up. Speculative things should be treated with caution. Let's just say one thing: why does not a country participate in the mining of such a high-yield thing? Just think about it.
2. What drives bitcoin to soar
supply and demand
when compared with other virtual currencies, bitcoin always mentions "fixed output 21 million". In the early years, bitcoin had not been exposed to investors in a large area. It proced a lot and g a lot, but there was no demand. But now purchase bitcoin, the price is expensive, the output is small, the demand is big
analysts of jiafengruide believe that when there is an imbalance between supply and demand, commodity prices will be affected. Influenced by the policy, many bitcoin holders are now keeping a wait-and-see attitude. The decrease of bitcoin in circulation in the market and the increasing demand for bitcoin in the market are bound to push the price up, but in fact, it will not be the investment speculators who come into the market at this high level who will benefit in the end
popularization of regional chain
the report released by UBS in October mentioned the problem of regional chain technology. The report shows that by 2027, the global investment value of regional chain technology will reach 300 billion to 400 billion US dollars. And the regional chain as an infrastructure development, will be applied to more and more scenarios
at that time, whether the popularity of regional chain will raise the price of bitcoin is also full of uncertainty
investor confidence remains unchanged
although many institutions and financial giants are short of bitcoin, investors are still confident in the future value of bitcoin. After all, in history, is there any trading proct that can soar 7.54 million times in eight years
analysts at Jifeng Reed said that 10 years ago, the impact of the financial crisis left many countries so far unshadowed, and the share price bubble continued to expand, and investors would worry whether the original financial system would collapse again. Bitcoin, which has a strong performance, will attract more investors with capital inflows, thus driving up prices. In a way, bitcoin is already a safe haven
although the trading of bitcoin was suspended by China in September this year, bitcoin surged by more than 233% after de Sinicization< In November, bitcoin began to hard bifurcate, that is to say, the regional chain was divided into two parts, which is equivalent to doubling the issue of bitcoin, which means that the value of bitcoin will be diluted. Affected by the impending start of hard bifurcations, bitcoin started on November 9 and has been on the decline for four days
the suspension of the 2x fork, originally scheled for November 16, has eased the anxiety over the expansion of the bitcoin instry chain, and the market is a little relieved of the possible collapse crisis caused by the fork
bubble greater risk
many investors have seen the bitcoin appreciation and profit margins after they have entered the bitcoin trading market. However, the current domestic large-scale bitcoin trading platform has been completely closed, and the regulatory level has not relaxed the entry of bitcoin into the domestic market
bitcoin, as a speculative commodity, has great bubbles and unknown risks. We tend to ignore the risk, and it is often the risk that damages the funds in our pockets. When participating in a high-risk market, we must reasonably allocate personal assets, such as the allocation of stable financial procts such as stable profit selection investment plan. We must not use all our wealth to allocate high-risk investment procts
in a word, bitcoin has risen dramatically in recent years. It's hard to avoid some words like "you are the richest man in China now if you bought bitcoin eight years ago". But eight years ago, you didn't know that bitcoin could be as brilliant as it is today. You might as well change your vision and look for the next "bitcoin".
supply and demand
when compared with other virtual currencies, bitcoin always mentions "fixed output 21 million". In the early years, bitcoin had not been exposed to investors in a large area. It proced a lot and g a lot, but there was no demand. But now purchase bitcoin, the price is expensive, the output is small, the demand is big
analysts of jiafengruide believe that when there is an imbalance between supply and demand, commodity prices will be affected. Influenced by the policy, many bitcoin holders are now keeping a wait-and-see attitude. The decrease of bitcoin in circulation in the market and the increasing demand for bitcoin in the market are bound to push the price up, but in fact, it will not be the investment speculators who come into the market at this high level who will benefit in the end
popularization of regional chain
the report released by UBS in October mentioned the problem of regional chain technology. The report shows that by 2027, the global investment value of regional chain technology will reach 300 billion to 400 billion US dollars. And the regional chain as an infrastructure development, will be applied to more and more scenarios
at that time, whether the popularity of regional chain will raise the price of bitcoin is also full of uncertainty
investor confidence remains unchanged
although many institutions and financial giants are short of bitcoin, investors are still confident in the future value of bitcoin. After all, in history, is there any trading proct that can soar 7.54 million times in eight years
analysts at Jifeng Reed said that 10 years ago, the impact of the financial crisis left many countries so far unshadowed, and the share price bubble continued to expand, and investors would worry whether the original financial system would collapse again. Bitcoin, which has a strong performance, will attract more investors with capital inflows, thus driving up prices. In a way, bitcoin is already a safe haven
although the trading of bitcoin was suspended by China in September this year, bitcoin surged by more than 233% after de Sinicization< In November, bitcoin began to hard bifurcate, that is to say, the regional chain was divided into two parts, which is equivalent to doubling the issue of bitcoin, which means that the value of bitcoin will be diluted. Affected by the impending start of hard bifurcations, bitcoin started on November 9 and has been on the decline for four days
the suspension of the 2x fork, originally scheled for November 16, has eased the anxiety over the expansion of the bitcoin instry chain, and the market is a little relieved of the possible collapse crisis caused by the fork
bubble greater risk
many investors have seen the bitcoin appreciation and profit margins after they have entered the bitcoin trading market. However, the current domestic large-scale bitcoin trading platform has been completely closed, and the regulatory level has not relaxed the entry of bitcoin into the domestic market
bitcoin, as a speculative commodity, has great bubbles and unknown risks. We tend to ignore the risk, and it is often the risk that damages the funds in our pockets. When participating in a high-risk market, we must reasonably allocate personal assets, such as the allocation of stable financial procts such as stable profit selection investment plan. We must not use all our wealth to allocate high-risk investment procts
in a word, bitcoin has risen dramatically in recent years. It's hard to avoid some words like "you are the richest man in China now if you bought bitcoin eight years ago". But eight years ago, you didn't know that bitcoin could be as brilliant as it is today. You might as well change your vision and look for the next "bitcoin".
3. Reasons for bitcoin's surge:
factor 1: bitcoin's spot trading volume rose
the decline on March 13 caused BTC to drop from US $8000 to US $3600 within 24 hours, and the buying volume of coinbase, Kraken, binance, bitfinex and other spot exchanges surged
at the same time, open positions (used to describe the total number of long and short positions opened at a specific time) fell sharply in mainstream futures exchanges (including bitmex, binance futures and okex)
the sharp decline of open position and the obvious increase of spot purchase volume of futures exchange actually lead to the transformation of the market. The spot market began to control the price of bitcoin, rather than the futures market
the futures market usually causes sharp fluctuations in the price of bitcoin, because traders use leverage (borrowed funds) to trade cryptocurrency, while in the spot market, investors buy and sell bitcoin without borrowing funds
this change has stabilized the market, enabled the price of bitcoin to rebound without a significant correction, and the volatility is relatively low
factor 2: BTC should not have fallen below $4000 at the beginning
on March 31, coinbase published a blog post, describing in detail the market trend after bitcoin plummeted to $3600
the exchange said that most users of the platform bought bitcoin after a sudden decline, adding that the waterfall clearing led to a much lower decline in bitcoin on the futures exchange than on the spot exchange
coinbase explained: "waterfall clearing is the most prominent in bitmex, which provides highly leveraged procts. During the sell-off period, bitcoin trading price on bitmex was much lower than other exchanges. Until bitmex was maintained at the time of the highest volatility (based on DDoS attacks), waterfall clearing was suspended and prices rebounded rapidly. When the st settles, bitcoin hovers around $5000, before plummeting below $4000. "
this opens up a theory that bitcoin should not have fallen to $3000 in the first place, which explains why bitcoin rebounded rapidly to $7350 in a V-shape
factor 3: rapid recovery to key support level
since the beginning of 2018, the level of $5800 has been an important support area in history. Avoid bitcoin prices falling between $3000 and $4000, except in December 2018
bitcoin prices quickly recovered from the $3000 range to $5800 in seven days. After three tests in March, the price of $5800 became a strong bottom, allowing bitcoin to continue its rally.
factor 1: bitcoin's spot trading volume rose
the decline on March 13 caused BTC to drop from US $8000 to US $3600 within 24 hours, and the buying volume of coinbase, Kraken, binance, bitfinex and other spot exchanges surged
at the same time, open positions (used to describe the total number of long and short positions opened at a specific time) fell sharply in mainstream futures exchanges (including bitmex, binance futures and okex)
the sharp decline of open position and the obvious increase of spot purchase volume of futures exchange actually lead to the transformation of the market. The spot market began to control the price of bitcoin, rather than the futures market
the futures market usually causes sharp fluctuations in the price of bitcoin, because traders use leverage (borrowed funds) to trade cryptocurrency, while in the spot market, investors buy and sell bitcoin without borrowing funds
this change has stabilized the market, enabled the price of bitcoin to rebound without a significant correction, and the volatility is relatively low
factor 2: BTC should not have fallen below $4000 at the beginning
on March 31, coinbase published a blog post, describing in detail the market trend after bitcoin plummeted to $3600
the exchange said that most users of the platform bought bitcoin after a sudden decline, adding that the waterfall clearing led to a much lower decline in bitcoin on the futures exchange than on the spot exchange
coinbase explained: "waterfall clearing is the most prominent in bitmex, which provides highly leveraged procts. During the sell-off period, bitcoin trading price on bitmex was much lower than other exchanges. Until bitmex was maintained at the time of the highest volatility (based on DDoS attacks), waterfall clearing was suspended and prices rebounded rapidly. When the st settles, bitcoin hovers around $5000, before plummeting below $4000. "
this opens up a theory that bitcoin should not have fallen to $3000 in the first place, which explains why bitcoin rebounded rapidly to $7350 in a V-shape
factor 3: rapid recovery to key support level
since the beginning of 2018, the level of $5800 has been an important support area in history. Avoid bitcoin prices falling between $3000 and $4000, except in December 2018
bitcoin prices quickly recovered from the $3000 range to $5800 in seven days. After three tests in March, the price of $5800 became a strong bottom, allowing bitcoin to continue its rally.
4. Hello, there are three reasons for the surge
reason 1: the cost of mining bitcoin may be further increased
bitcoin is deflationary in nature, which means that the proction of bitcoin will decrease over time. The key is that in the near future, the return of bitcoin mining will be reced from 25 bitcoin to 12.5 bitcoin
the price halving will take place when the 420000th block of bitcoin is g up, which is likely to come in the next few weeks. We don't know how market prices will be affected at that time, but several news reports say that the price surge in the past week may be partly e to the imminent pressure of reced mineral supply< The second reason is that the public's interest in bitcoin has been rekindled by the speculation on the new e-currency.
Ethereum, as a blockchain technology, has been strongly supported by banks and VCs, and has been talked about a lot by experts in science and technology circles. In short, many people think that Ethereum is faster and more reliable than bitcoin, and may even replace bitcoin as a better electronic currency
the emergence of competitors is of course bad news for bitcoin. However, an article on the quartz website assumes that the rise in the price of Ethereum may in turn stimulate the price of bitcoin. But so far, there is no evidence that there is a strong correlation between the two e-money prices
the third reason: China, China, China
China seems to be the most convincing reason behind the soaring price of bitcoin The Wall Street Journal said:
at present, about 92% of the global bitcoin transactions are completed on huobi.com and okcoin, two Chinese bitcoin trading platforms. The rise in bitcoin prices over the weekend may be just the latest sign that Chinese investors are shifting money between different assets in search of higher returns
China's economic situation has influenced the fluctuations of bitcoin in the past. Therefore, we have reason to believe that this round of inflation is also related to China
at the same time, experts also mentioned the Chinese investor effect in their comments on reddit and twitter, and they think that this effect may not last long. If it turns out that the buying frenzy of bitcoin is just a passing stop for asset transfer to other forms, the current crazy situation will end.
reason 1: the cost of mining bitcoin may be further increased
bitcoin is deflationary in nature, which means that the proction of bitcoin will decrease over time. The key is that in the near future, the return of bitcoin mining will be reced from 25 bitcoin to 12.5 bitcoin
the price halving will take place when the 420000th block of bitcoin is g up, which is likely to come in the next few weeks. We don't know how market prices will be affected at that time, but several news reports say that the price surge in the past week may be partly e to the imminent pressure of reced mineral supply< The second reason is that the public's interest in bitcoin has been rekindled by the speculation on the new e-currency.
Ethereum, as a blockchain technology, has been strongly supported by banks and VCs, and has been talked about a lot by experts in science and technology circles. In short, many people think that Ethereum is faster and more reliable than bitcoin, and may even replace bitcoin as a better electronic currency
the emergence of competitors is of course bad news for bitcoin. However, an article on the quartz website assumes that the rise in the price of Ethereum may in turn stimulate the price of bitcoin. But so far, there is no evidence that there is a strong correlation between the two e-money prices
the third reason: China, China, China
China seems to be the most convincing reason behind the soaring price of bitcoin The Wall Street Journal said:
at present, about 92% of the global bitcoin transactions are completed on huobi.com and okcoin, two Chinese bitcoin trading platforms. The rise in bitcoin prices over the weekend may be just the latest sign that Chinese investors are shifting money between different assets in search of higher returns
China's economic situation has influenced the fluctuations of bitcoin in the past. Therefore, we have reason to believe that this round of inflation is also related to China
at the same time, experts also mentioned the Chinese investor effect in their comments on reddit and twitter, and they think that this effect may not last long. If it turns out that the buying frenzy of bitcoin is just a passing stop for asset transfer to other forms, the current crazy situation will end.
5.
By the end of 2020, bitcoin market is going crazy. On December 27, the price of bitcoin once exceeded US $280 million, reaching a new record high of US $28365 per coin, a new high in the market value over the past decade. Bitcoin has risen more than 233% this year. Before bitcoin broke through $20000, public opinion was in a frying pan. Now it's soaring to $28000, and it's crazy again. The total market value of bitcoin has exceeded $500 billion, which is equivalent to two universe lines, and it's more than $1 trillion higher than Maotai. Bitcoin can't eat or drink, and it doesn't create profits. It's all so valuable. What's the reason for the surge? Should we hold bitcoin
6.
we can all understand the price of bitcoin, a mining machine, because ring the epidemic period, the price of bitcoin was adjusted to varying degrees,. So when it comes to the current situation, many people will think that such a thing is very good what we can see is that the price of bitcoin has increased correspondingly, so the price of one of its mining machines has also doubled to varying degrees. At the same time, the overall demand for mining machines is still very large, Now we are faced with a situation in which supply and demand are seriously less than one demand. Many people are surprised by the emergence of such a situation{ RRRRR}
so that is to say, if you can go there, you have to have a corresponding understanding of bitcoin's current operation. Its overall operation condition is still very hot. It can be seen from the storage that it shows a situation of being sold out as a whole, which is also what you can understand< So we can see that bitcoin is still developing very well
7. Bitcoin has gone up hundreds of thousands of times, and its price has been going up. Although there will be twists and turns, it can continue to rise. From the bitcoin chain data of the bitcoin search app, the value of bitcoin is constantly highlighted.
8.
The price of bitcoin once again hit the $60000 mark for a short time. The continuous pursuit of the market and the rarity of bitcoin itself make bitcoin rising. This is the result of the combination of objective and subjective reasons. In fact, bitcoin really has a certain value. After all, things are rare{ RRRRR}
in other words, there are subjective and objective reasons why bitcoin keeps rising and becomes more valuable every time. For ordinary people like us, bitcoin is only heard, not really held
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