When did BTC start to soar
It was officially born on January 3, 2009
since 2015, the future of bitcoin has become more and more uncertain. On the one hand, bitcoin fell as much as 55.55% against RMB last year; In 2015, bitcoin fell by more than 30% against the RMB in the first half of January alone
bitcoin's "falling" reflects the "self-healing" of its value after "fanaticism" to a certain extent. According to statistics, in 2013, bitcoin rose from 1 ∶ 13.59 to 1 ∶ 731, with an annual increase of 5300%. This speculative driven inflation has affected the virtual currency property on which bitcoin relies
on the one hand, no country has defined it as a legal currency. On the other hand, in 2014, the US dollar rose significantly, and the prices of oil and bulk commodities fell correspondingly. The price trend of bitcoin is the same as that of the latter, becoming part of the asset allocation of some speculators, which highlights that its asset attribute is far greater than the monetary attribute
extended data
Security and credit risk have also become the reasons for the decline of investor confidence. Mt. GOx, once the world's largest bitcoin exchange, claimed in March last year that it had lost all its assets e to hacker attacks. Recently, it was revealed that its lost bitcoin was probably e to internal system manipulation
the regulatory environment of bitcoin is not optimistic, and Russia, Thailand and other countries have begun to implement strict control on it. In addition, the global stock market performed well last year, resulting in the diversion of bitcoin investment funds, and the crazy "mining" activities also rapidly increased the supply of bitcoin, which may lead to a trend of oversupply in the short term, leading to a sharp drop in the price of bitcoin
Bitcoin bulls often mention that the scarcity value of this cryptocurrency is the main reason for its continued rise. Bitcoin is similar to gold to some extent. The growth of its supply is extremely slow, and it is still slowing down. Its total supply will only reach 21 million
with the increasing interest of institutional investors and retail investors in bitcoin, global exchanges such as the Chicago Board of options (CBOE) have launched bitcoin futures contracts. This is likely to encourage more institutional investors to invest in bitcoin, while at the same time further curbing the price volatility of bitcoin
this much anticipated bitcoin futures trading has been launched on the Chicago Board of options exchange, which represents a significant step in the legalization of cryptocurrency. Futures is a derivative / financial instrument, which can force dealers to buy and sell an asset at a specific time and price
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".
isn't this idea for fear that the world will not be in chaos? No, no, it's a cruel reality. If we look back at the birth of bitcoin, we will find that the root cause of bitcoin is that the US subprime mortgage crisis has spread to the whole world, resulting in the disorder of the world's economic system, and various countries have issued money printing policies, giving birth to bitcoin, such a "devil of the world". The inventor Nakamoto told economists all over the world, In fact, you can still play like this
bitcoin actually allows people to return to a credit controllable system, but it's too far ahead of time and leads to too big a step. Therefore, from the current point of view, bitcoin is more similar to gold and other safe haven assets. This kind of image is just a superficial likeness. Bitcoin has many scientific and technological advantages in its essence, but it can't play e to many restrictions for the time being. Therefore, if bitcoin wants to rise rapidly, it still depends on the "instability" of the economic system
this kind of thing has happened before. The Bank of Cyprus incident once pushed bitcoin soaring. Now, if there is another "second in Cyprus", I believe bitcoin will have a chance
is this a dream? No, the financial system at this stage has exposed various kinds of crisis. Russia's economy seems to be collapsing because of the fall of crude oil price, a lot of local debts in China can't be paid off, the government is playing hard to cut interest rates and reserve requirements, and the European debt crisis is getting worse and worse... Today's society is in the information age and the Internet age, If the spark can't be fixed, light the powder keg
the possibility of a rapid outbreak of economic crisis still exists, but no one can say for sure. Who knows whether the world will be transformed into a fast lane for a long time and will not be sick again? Marx said that economic crisis will appear periodically in capitalist society, but when will the next big outbreak take place
maybe in more than ten years, maybe in the next second, heaven or hell, there is no way to check.
Bitcoin's surge is just a short-term phenomenon. In the past, bitcoin was really hot, which made many people crazy, but its hot period has passed. At present, the sudden rise of bitcoin is obviously a kind of hype by some people who hold a lot of bitcoin. Their purpose is also very pure, through this way to attract more retail investors to invest, and then they start to make crazy profits. Don't be attracted by the heat
in fact, when it comes to bitcoin, many people may not know what it is, but the only thing people value is that it can make money, which reflects the phenomenon that people blindly follow the trend of investment. The risk of investment market is big, but the profit is also big, which requires our investors to recognize the hero. Let your own investment knowledge enrich, so that you know investment like the palm of your hand, and you won't be blind
the popularity of bitcoin will soon disappear, and it must not be speculated and invested by some people
the era of bull market has long passed, so investment should be cautious
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