Bitcoin cash down

1. To be honest, I may come into contact with bitcoin later than many of my peers, but I'm one of the quickest people to make a decision to join the instry. I learned from the news that Jet Li's one foundation was grateful to the enthusiasts who donated bitcoin. After less than ten minutes of thinking, I immediately decided to put down 90% of the projects I had completed and devote myself to this instry with incomparable prospects. I am a technology controller. Although I am not well-known in the Internet instry, I have operated no less than 10 it projects, and have cooperated with or established 7 companies. Among them, there are also successes and failures. The only instry that has not been involved is group buying, because I thought from the beginning that group buying deviated from its original appearance and would not be a very promising instry. But after learning about bitcoin, I feel that I have found a window, a window to the palace of ideals, a way to change the world. Today, I still insist on my choice, but the real use value of bitcoin in China is rarely reflected except for its speculative property. After multi-party analysis, I think the short-term downward trend is irreversible. Let's list the following factors that cause the price of bitcoin to fall:
first, the excessively free market - the copper price killer
bitcoin is born for freedom and lives for freedom, which has created a group of bitcoin fans who are crazy about pursuing freedom. The decentralization of the bitcoin exchange has been rampant for a time. The current situation of no supervision of the bitcoin exchange is obvious to all, and it can not be solved by itself, such as the forever anonymous dark village, the disorderly competition of mining machinery, etc. these important factors that are often ignored by people are also important drivers of the price drop
just think of the capitalist social system in the early days. People had great expectations and perseverance. They could sacrifice their lives for freedom and cut the rope on puppets at all costs. During the transition from feudal socialism to capitalism, people were like holding on to the water for several generations, suddenly came out to breathe fresh air, and no one was allowed to press themselves into the water again, The result is a social system of excessive freedom. The result of excessive freedom is that once someone obtains certain resources and social advantages, he can quickly devour everything around him like a black hole, forming a monopoly and giving birth to an oligarchy. They don't care about other people's lives, just like gladiators. If you lose, you have to bear all the consequences; If I win, I can enjoy some honor. But after all, oligarchs are a minority. Society is made up of thousands of ordinary people, so the system made up of people must be unstable and unreasonable. Therefore, modern capitalist society has learned to compromise. After learning from many advantages of capitalist society at that time, it is found that there are anti-monopoly laws, various anti-commercial bribery and other daily laws for proper supervision, In order to effectively delay the outbreak cycle of the financial crisis
the reason why so many words are used to describe capitalist society is that bitcoin has too many similarities with it. A brand new financial system does not depend on specific institutions or indivials, but also depends on all participants. With it, we can eliminate all external influences and keep our wallets. It's a great idea, but what about the reality? Holding a large amount of bitcoin, amzhuang can control the price of bitcoin. In the capital market, 1 billion yuan is only a very small amount. For the bitcoin market, it is enough to control the price rise and fall of any exchange, back and forth volatility, commonly known as "fleece". Easier said than done, as like as two peas in the market, you will be able to control the bitcoin in your hands. But you have to be in the market. For these makers, they can benefit from the ups and downs, because in the trend of the rising market, they will increase ring each shock period, and fall more every time the market falls. At the top of the pyramid, there are always only a few people
after more than a year of communication with players in the instry, we found that those who are still left behind are either deeply covered or persistent believers. Even if they are covered, only a few of them are entities. Most of the left behind are pure it houses, and they blush when they meet. Most of them have no financial experience, even few of them have speculated in stocks, so they are in shock, It's certain that Xiaosan will be injured< Another important factor is that, like stocks, the amount of cash in circulation is far less than the total value. Although several exchanges have not announced the amount of bitcoin and the total amount of RMB assets, it can be concluded from the data of mtgox's bankruptcy that the amount of cash announced by mtgox is US $40 million, Bitcoin is worth US $450 million, reaching a staggering 1:11. According to my preliminary understanding, the general comparison of domestic trading platforms is between 1:3 and 1:6, which is slightly better than mtfox, but it is also enough to illustrate the problem. Once the bear market comes, the power of shorting is far greater than that of long
although the stock market did not rise sharply last year, many people did profit from the stock market and attracted many of the few users who swayed between the stock market and bitcoin. Many of the professional investment users and deep-seated users who benefited from bitcoin also left the bitcoin instry for various reasons. The big reason is that for bitcoin, They think that in addition to speculation, it is a game played by technical talents. Although this is a misunderstanding, let's think about it from another perspective. If you are an investor outside the IT instry and face the world's largest trading platform, you will go bankrupt if it goes bankrupt. If bitcoin is stolen, it will be stolen without supervision and responsibility. What would you think? Therefore, the reason for today's situation is that the number of bitcoin has not decreased, but the capital is decreasing. Although there are many foreign advantages ring this period, the domestic situation has been declining. This is an indisputable fact
with the decrease of funds, long has lost enough momentum. The reason why there is no sharp decline is that there are still a number of bitcoin loyalists. Some of them have been engaged in bitcoin for several consecutive years, and almost every year they have to experience a similar slump. Therefore, they still firmly believe that this year is just a repetition of the market rules of previous years, and the final price will rise; Of course, I personally believe that in the long run, the trend of bitcoin will go up, but is it half a year or three to five years? I'm really not sure, because the biggest constant in the world is change. As the saying goes, the flowers are similar year by year, but the people are different year by year. The past experience may not be applicable to the present< Third, domestic policy - gold price killer
I don't know if the Americans have understood that it was not Japan, the United States, Europe, but China that decided the price of bitcoin in 2013. Made in China used to be a headache for foreigners. Now, they also realize the power of China's speculation. China's real estate speculators are like locusts everywhere they go. At present, China's speculators are also rapidly overdrawn the growth value of bitcoin. China, which has 80% of the world's trading volume, explicitly forbids the value of bitcoin as a medium of exchange, so it has no real value in China except for speculation
I believe that the world's understanding of the power of Chinese speculators in bitcoin began with the documents of five ministries and commissions, because before that, almost no organization participated in the international bitcoin conference. After that, many foreign media swarmed in, professional and unprofessional media came. This time, although the documents on April 15 have not been confirmed, the financial times interviewed bitcoin in advance, which shows that they recognize the power of Chinese speculators
why is an Internet proct that started in foreign countries so influenced by China's policies? This is not its main application place, which just reflects that the price of bitcoin is seriously out of its actual value line, artificially pushed up and overdrawn its value. In my opinion, without CCTV's report and China's participation, it would have been good for bitcoin to have a price of more than 1000 last year. It was also e to excessive attention, which created the fastest five ministerial documents in history< 4. Crazy miner - the ultimate price killer
the computing power of bitcoin miner has increased from 1p at the end of last year to more than 30p now. In less than five months, the price of bitcoin miner has dropped from 6000 to 2700 today. In other words, the number of miner has increased dozens of times, from CPU to motherboard, power supply, power supply, etc The chassis and processing costs are all paid in RMB. Just imagine how much cash flow the mining machine has taken from the whole bitcoin ecological chain. Once the cash flows into the hands of TSMC, motherboard factory and others, it will never be kept back. This is also the result of disorderly competition, once profitable, the number will never end! It is said that Shenzhen proces 90% of the world's computing power of mining machines, and each time the chips are streamed, the chips are less than 3.5 million, more than 20.3 million, not to mention the whole machine. A mining machine manufacturer I know in Shenzhen club said that he sold 1000 USB mining machines a minute, which shows the madness
to sum up, all aspects have exerted pressure on cash flow, so the continuous decline of bitcoin in the short term is caused by many reasons. Even without the 4.15 document, I believe a continuous decline process will be formed. As for the bottom, it depends on the belief of those who still hold fast to it and when the crazy mining machine will not continue, And the actual application of bitcoin in foreign countries
those who played with stocks in 2008 may find that bitcoin shares a striking resemblance to the price trend of stocks. If bitcoin goes up from 2000 to 5300, any good news, even an additional issue, will make stocks soar all the time. After that, although the stock surged to the highest point, the downward trend was like "defeat like a mountain". Any bad news would cause a decline. Coupled with the excessive issuance of new shares and serious overdraft of market cash, the a share once fell back to about 1600 points. Although it rebounded to more than 3000 points, it would still jump to about 2000 points. After several years of shock, it did not improve
bitcoin plate is small and easy to rise and fall. However, if the retail investors are excessively injured, bitcoin's loyalty can only be powerless to let bitcoin rise. The false rise of the makers will face a lot of market capital pressure and can only follow the trend
at present, there are several companies in the whole instry that can support short selling, such as fire coin, China bitcoin and okcoin, which also aggravates the dection process
of course, I am still very optimistic about the long-term development of bitcoin, but I really can't see how to break the current deadlock. The purpose of this article is to provide some personal opinions for the majority of small businesses. Maybe you are more in-depth and complete than I think, but finance is nothing more than that

2.

Recently, the award-winning sentiment of the winners of a company's annual meeting spread in the circle of wechat friends: "first of all, I sincerely thank the company for rewarding me with 10 bitcoins worth 630000 yuan, and I feel lucky that I can win the prize worth 590000 yuan. Next, I'm going to make a good plan on how to use the 570000 yuan, after all, 550000 yuan is not a small amount...". Although it's just a joke, the price of bitcoin has been falling as it said

some analysts also believe that the trading price of bitcoin once fell below US $6000 before the chairman of the Commodity Futures Commission (CFTC) and the securities and Futures Commission (SEC), the two major US regulators, testified in the Senate on February 6 because of concerns about the US government's strict supervision. According to the testimony of CFTC and SEC presidents, they believe that Congress should consider expanding the scope of supervision of cryptocurrencies such as bitcoin, because most of these assets are not subject to investor protection laws

3.

According to the latest data of bitfinex, poloniex, gdax and other trading platforms, the price of bitcoin continued to decline for six consecutive days. The latest price has reached the $14000 mark of Tiepo, which has dropped more than 30% from the highest point

Once people realize that's how it works, they start selling it, he says. The old bitcoin network may not work

Oldenburg admits that buying, selling or trading bitcoin is not a problem nowadays, but when bitcoin transactions are recorded in the blockchain, that is, when each transaction is recorded in the digital ledger, the problem will come to the surface. The crux of the problem is that you can only process a limited number of transactions per second in a bitcoin network, which in turn depends on the "block size" of memory in which the transactions are stored. Aldenberg said that would lead to the scarcity of liquidity and the unavailability of cryptocurrency

All in all, aldenberg doesn't believe that bitcoin will become the currency people use everyday. As long as the network is run by this group [in the old bitcoin network], these solutions will be found in bitcoin cash, where I will see the future, he said

Roger Waugh, an early investor of bitcoin and known as "bitcoin Jesus", believes that compared with the traditional version of bitcoin, bitcoin cash is faster, cheaper and more reliable. Some people in the market have predicted that bitcoin cash will replace bitcoin as the big boss of cryptocurrency, because bitcoin cash is more suitable for the efficient market

However, on Tuesday, coinbase, the leading bitcoin trading platform in the United States, announced that customers could buy and sell bitcoin cash freely, which prompted the rapid rise of bitcoin cash in the past two days, more than doubled in two trading days and set a record high of US $4300

said in a weekly "House View" report: "what we think is all the characteristics of bubbles: high trading volume and little practical use, which indicates that many traders are seeking speculative returns. Although the supply of bitcoin is limited, there are many more widely used cryptocurrencies, and there are now thousands of potential substitutes. "

the report from UBS's chief investment office of wealth management reiterated the bank's attitude in October. UBS said at the time that it believed that the whole encrypted money market was in the "speculative bubble". p>

in this week's report, UBS wrote: "we do not recommend customers to invest in bitcoin or short bitcoin. In principle, the irrational time of these markets is much longer than you can tolerate."

4.

There are many reasons for bitcoin's collapse. I think it is mainly because it has no government policy support, the conflict between cash bitcoin and virtual bitcoin, and the decline of public confidence in it. First of all, bitcoin is not supported by the government. It is not protected by relevant government policies. In China, the protection of the government is a big protective film. With policy protection, the impact of this slump will be minimized, and the government will share part of the pressure{ RRRRR}

in any case, there are a lot of reasons for bitcoin's collapse, and each has its own views

5.

To be honest with the Chinese, bitcoin's fall will not have a great impact on the whole. China has issued a request to the bitcoin exchange that all consumers clear their hands of bitcoin. On the whole, the impact is not great. The reason why bitcoin falls so hot is mostly because the sharp rise in the front is in sharp contrast to the current slump. What's more, at that time, everyone invested in this thing, and the topic was full{ RRRRR}

anyway, as melon eaters, we should eat melons. It's better not to touch it. It's better for those friends who lost money to stop loss in time. Don't be investment risk, two lines of tears of relatives

6.

I think some people might give up. But on the whole, I won't give up. How far can bitcoin go? It's hard to say. There are too many unknowns. You have invested in so many costs. Although you can stop losses in time if you give up now, some small investors may give up, but it is impossible for large investors. Because stop loss can't stop that much. In addition, although bitcoin has plummeted, the confidence of the masses in it has not completely collapsed. After all, bitcoin was very brilliant at that time. After the crash, many people believe it will rebound{ RRRRR}

I feel that bitcoin has a long way to go. The future market is full of uncertainty. How can bitcoin survive and go further. We need to think it over

7.

bus line: No.24 → No.1, the whole journey is about 6.5km, 45 minutes

1, walk about 10m from Xingfu community to Xingfu community station

2, take No.24, pass 4 stops, reach Xinglongtai District government station

3, take No.1, pass 9 stops, reach Nanmen station of central hospital

4, walk about 80m, reach Panjin Central Hospital of Liaoning Province

8. six hundred and five ÷ In this case, I think both options are wrong, 165 ÷ 5 is divisible, equal to 121, so both numbers are wrong.

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