Bitcoin will plummet this year

1. In January 2017, the lowest price of bitcoin was $796
in December 2017, the highest price of bitcoin was US $19798
in 2018, the lowest price of bitcoin is $3155
in 2018, the highest price of bitcoin was US $17157
in 2019, the lowest price of bitcoin is US $3353
in 2019, the highest price of bitcoin will be $13968
by 2020, the lowest price of bitcoin is US $3800
so far in 2020, the highest price of bitcoin is US $35000
from the above data, it can be clearly seen that bitcoin has fluctuated a lot over the years
historically, it has been rising. In the long run, I think bitcoin is worth investing

2. The reason why the price was raised in the early stage was to cheat the people into buying. The reason why the price fell needed a reason, so it fell sharply. The people who bought in the early stage paid for it, which was expected.

3. Bitcoin itself is a kind of deformed proct, not a kind of currency. It's hard to add a word of bitcoin to mislead people. In the period of economic prosperity, whether we are driven by the economic foundation, we can really raise the rule of the hype, but all of this is a bubble. From nearly 0 yuan to 10 thousand US dollars, why don't we fall below 5000 dollars?

4. It can't be simply attributed to the exchange. Sometimes there are sudden short-term fluctuations, and the exchange does participate. But the main topic is about the monthly time span, which is difficult for the exchange to control. It is more the result of the joint operation of hot money and large institutions. However, the sharp decline of the overall currency value can't be separated from the basic economic principle: the relationship between supply and demand, This is beyond anyone's control

5. Yes, it can always be invested.

6. The new site has started construction and will be put into use in 2022

7. South Korean media sources said that the short-term virtual currency may also cause great confusion. South Korea will officially implement the real name trading system of virtual currency from the 30th, and all existing virtual currency accounts will be suspended. This move aims to improve the transparency of transactions and prevent speculative forces from entering the virtual currency trading market. From the 30th, six commercial banks, including Shinhan bank, agricultural association bank, enterprise bank, National Bank, Hanya bank and Gwangju bank, require real name authentication when opening accounts for virtual currency users

according to the Japan finance agency, all virtual currency exchanges in Japan will be investigated to prevent capital outflow. Because of the hacking of coincheck trading system of Japan's cryptocurrency exchange in the early morning of the 26th, Kyodo News Agency reported that coincheck had seen capital outflow

the financial department intends to make all exchanges implement security measures to prevent the outflow caused by illegal network intrusion. It can be said that the whole financial market is closely monitoring bitcoin recently, and these moves are bound to cause great chaos to bitcoin and the whole virtual money market.

8.

On April 18, it was reported that the price of bitcoin had soared for a time, once exceeding US $64000. Today, bitcoin suddenly plummeted, once falling by more than 15%, the price fell below US $52000 / piece

for the sudden collapse of bitcoin, some analysts in the instry believe that it may be affected by the latest news that the US Treasury Department has accused several financial institutions of using cryptocurrency to launder money

affected by the sharp fall of bitcoin, other digital currencies have declined to varying degrees. Ethereum plummeted 20%, coin an plummeted 17%, reborn plummeted 26%, and even Musk's favorite dog coin plummeted 19%

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experts said that the slump is a normal phenomenon:

"in fact, the slump of bitcoin is just a normal phenomenon in the market." First of all, bitcoin itself is a kind of high-risk emerging asset, and its daily price fluctuates a lot, and it is often prone to sudden rise and fall, Li William, chief researcher of Ouyi okex Research Institute, told reporters. Secondly, from an empirical point of view, the withdrawal in the bitcoin bull market is about 33% - 66% of the basic trend direction, lasting for a week or several weeks

according to him, even though bitcoin has entered a bull market since January 2021, with a cumulative increase of nearly 2 times, it often falls sharply, with the biggest daily drop of more than $5000 for at least 7 days, and the biggest daily drop of more than $10000 for two consecutive days on February 22 and February 23

William Lee further said, "from the fundamental point of view, this round of bitcoin slump also has regulatory impact. On Friday, Turkey's central bank banned the use of cryptocurrency and cryptoassets for payments, citing possible "irreparable" damage and trading risks. Shortly after the news, bitcoin fell about 4%. For investors who have entered the market early and hold a large number of bitcoin chips, they have made a lot of profits at this time. In the case of unclear supervision in the future, it may be the best time to choose to sell bitcoin and leave the market, which triggered a subsequent slump. "

9.

On April 18, 2021, the global virtual money market plummeted, and the cryptocurrency market experienced the most serious slump in history. On a 24-hour basis, bitcoin has plummeted by more than 16%, Ethereum has plummeted by nearly 20%, coin an has plummeted by 17%, and reborn has fallen by 26%. Within one day, more than 620000 people were liquidated, and the amount of liquidation exceeded US $5579 million. Brian bull, CEO of coinbase, a virtual currency exchange; Armstrong sold $290 million of the company's shares, bringing the total market value of its insiders to more than $4.6 billion. In addition, alexia & middot, the chief financial officer of coinbase; Haas cashed out about $99.32 million at $388.73

it is reported that the ability of cloud computing is to split the mining machine into independent units. The mine provides mining machine computing power leasing services. Investors only need to purchase the calculation contract to & lt; Cloud mining;, Get the corresponding virtual currency. On several cloud computing platforms, it is found that the rate of return declared by each platform is not low, and some annual rates of return even exceed 100%. At the same time, cloud computing capacity is also facing huge risks. In the absence of third-party guarantee and supervision, cloud computing capacity sometimes faces huge risks

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