BTC market soars again
The reasons for the sharp rise of bitcoin are very complex, mainly e to the continuous admission of institutional users through the compliance channel. In short, many bitcoin holders do not really understand bitcoin itself, but just regard it as an investment proct with huge profits, but ignore its risks
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
e to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
On March 12, 2021, bitcoin broke $58000 again, more than 90000 people burst their positions by 4.3 billion yuan in one day
On March 1, bitcoin fell back to US $43000, but it rebounded again e to the recent entry of several Wall Street billionaires. However, according to the statistics of bitcoin home, there were more than 91000 people and more than 4.3 billion yuan in the past 24 hours. About 6:00 to 7:00 on the 12th, nearly 159 million yuan of funds were burst{rrrrrrr}
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the surge of bitcoin may aggravate the shortage of chips
some people think that because "mining" equipment needs long-term high load operation, its life is generally short, but with the surge of bitcoin, many people will continue to increase the investment in "mining", This will further aggravate the current global chip shortage, and even eventually lead to a large shortage of cars, computers, mobile phones and other procts, and a surge in prices
Bitcoin is the first and most popular decentralized cryptocurrency. At present, there are hundreds of cryptocurrencies in the world, some of which are growing geometrically. But the main focus is bitcoin. First, it's the most expensive cryptocurrency. Second, more than 100 million people around the world are bitcoin holders. In December 2017, when cryptocurrency became popular, the price of bitcoin suddenly rose to $20000. We invested a lot of money not only to buy cryptocurrency, but also to mine bitcoin and build a huge & lt; Mining & quot;, With the installation of mining equipment, almost as much electricity is consumed as in small cities. Some entrepreneurs have invested hundreds of millions of dollars in mining. Mining equipment manufacturers are doing quite well. For example, bitland's special offer integrated circuit ant miner S9 miner costs $6500{ RRRRR}
of course, bitcoin and other decentralized cryptocurrencies are extremely volatile and unpredictable assets. Therefore, the investors are optimists or professional investors without roads. Due to the unstable exchange rate, bitcoin is difficult to become a means of payment and storage tool, and cryptocurrency cannot be widely circulated. If the world economy is stable, there will be investment tools with good income forecasts
The soaring price of bitcoin will aggravate the shortage of chips and even threaten international security
after the end of February, bitcoin reached a high of US $57000 again today. At about 3 am on March 11, the price of bitcoin surged to more than US $57000, reaching as high as US $57277, a new high in the past two weeks, according to bitfan, a website of cryptocurrency market
However, the price of bitcoin continued to decline. As of the press release, the latest price of bitcoin was $55908.51, up 2.15% in 24 hours, and the market value returned to $1 trillion However, in the view of some financial economists, bitcoin's surge is not something to celebrate. On March 11, Alex de Vries, a financial economist, quantified in Joule, a journal of Cell Press, how the soaring price of bitcoin exacerbates energy consumption and global chip shortage, and even threatens international security{rrrrrrr}
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the price of bitcoin has risen sharply, and the miner and graphics card have been "hard to get one stock"
according to the official website of bitcontinental, the head miner, the relevant bitcoin miner has been sold out, and the delivery time has been postponed to October 2021. In the second-hand market, mining machine can easily resell to the official website more than 2 times the price. Just take the ant miner s1995t owned by bitmainland as an example, the reporter found that the retail market price of the machine whose official website price is about 20000 yuan can easily exceed 50000 yuan
as the "iron pick" in the hands of bitcoin miners, the graphics card is seriously affected. A large number of people in the instry believe that the rise in the price of graphics cards in recent years, and even now that NVIDIA's RTX 30 series and AMD RX 6000 Series graphics cards are "hard to get one card", are closely related to the huge demand of bitcoin miners for graphics cards
the rise and fall of bitcoin is determined by the funds flowing into the bitcoin market. If more people buy bitcoin, the price will rise quickly. If less people buy bitcoin, the price will fall according to media reports, ring this period of time, the bitcoin market has once again ushered in a sharp rise, and the price once exceeded the $58000 price, which aroused the sentiment of many bitcoin investors. In fact, the rise of bitcoin is mainly e to the news that the Federal Reserve said that monetary policy will not be tightened. Affected by the news, the stock market ushered in a rebound. After the stock market rose, it was bitcoin's turn to rise. Therefore, the change of bitcoin price completely depends on whether the market liquidity is sufficient, which will naturally rise
for bitcoin, such a virtual currency, if frequent large-scale rise, the entire capital market and investment field will have a certain impact, because for most investors, they can not find out the intrinsic value of such investment procts, and this asset behavior exists relatively large financial bubble. So for this unique virtual proct, its existence for the entire capital market, although it is a supplement to the financial attributes, but there are also many problems{ RRRRR}
and bitcoin skyrocketing will lead to a very big financial bubble, bitcoin prices are very unstable, often in a few days, there are very large fluctuations and ups and downs, for most ordinary investors, they simply can not afford this large increase and fall, so many investors will be a huge decline because of a number of non return. Even for some investors with poor psychological enrance, they may lose their lives directly because of investment failure. Therefore, the uncertainty of bitcoin price also has a certain impact on social stability. So for bitcoin, its investment risk is very large, and for the whole economy and society, it will increase the systemic risk of the whole society
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