BTC gray

1.

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

2.

Speaking of many investments nowadays, maybe many people are more and more inclined to stock funds, and will hold some gold bitcoin and so on. In fact, in many cases, this type of investment also has risks, so we need to have a good investment habit no matter what. Recently, in the bitcoin transaction, It can also be seen that many people began to buy, and he made history and was the highest. What happened

to grasp reasonably< p> Any investment is risky, so for those investors, we must polish our eyes and not fall into too much trouble, because many things are not within our grasp. Market demand and some special situations are also very urgent. These phenomena are beyond our estimation, so we should not play a large role, It should be graal and steady

3. Gray bitcoin trust, also known as GBTC, is one of the financial instruments. Investors and holders of GBTC can trade stocks in trust funds holding a large amount of bitcoin, which releases a signal that the blockchain world has been inextricably linked with the traditional stock market. The price of GBTC will be related to the price of bitcoin, but it's not completely anchoring the price of bitcoin. GBTC is very magical

at the same time, in grayscale, in addition to GBTC, there are some other procts that can be traded. The price of these cryptocurrencies, such as Ethereum, lightcoin, bitcoin cash and so on, has become a large scale

what is the value of GBTC? How to interpret its meaning

stock market and currency market are two different markets. Although they are related before, they are not exactly the same. In the past, it was not feasible to invest in the digital currency of blockchain in the traditional stock market. But now there is a new way, the gray bitcoin trust (GBTC), which enables us to participate in the trading of bitcoin in the stock market. The principle is that the gray bitcoin trust (GBTC) holds a large amount of bitcoin. The value of GBTC is close to the value of bitcoin and will change with the price of bitcoin

at present, gray bitcoin trust has 6.5 billion US dollars of bitcoin, and it is a private investment. Gray bitcoin trust is a company in the United States. At present, it is the largest buyer in the world. It was launched in 2013, and it has been seven years since, The development speed is very fast.

detailed explanation of the operation mode of gray bitcoin trust (GBTC):

when an investor values GBTC and wants to buy a large amount of it, he can grab the investment fund of the foundation. The fund of the foundation can be used by investors to buy a large amount of bitcoin. After the gray bitcoin trust (GBTC) is listed on the stock exchange, Any investor who opens an account in the stock market can trade GBTC on the stock exchange. It should be noted that the price of GBTC fluctuates with BTC. The price of GBTC is close to BTC, but it is not entirely BTC. The subtle influence between the two systems determines this characteristic. At present, the price of GBTC is higher than that of BTC, and there is a certain premium. For early investors, the premium means profit, but for current investors, the premium increases the risk of current investment

why don't we buy bitcoin directly, but buy gray bitcoin trust (GBTC)

1, do not consider the security issues such as bitcoin storage

2, do not consider the legitimacy of large-scale holding, have tax incentives

3, bitcoin can not directly trade with traditional stocks, but GBTC can

4. Bitcoin's future prospects are still very good. I bought the spot in Bitz, and the contract was opened. I kept holding the spot, and I ran when the contract was profitable

5.

2020 is a magic year. Although there are many troubles from the beginning of the year to the end of the year, asset prices are rising very well

let's look at the performance of all kinds of assets:

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here's another interesting thing. In the first seven months of bitcoin coming out, the creator Nakamoto Tsung mined 1.1 million bitcoins himself, accounting for 6% of the total amount of bitcoins. These bitcoins have been left untouched, and now are worth nearly $40 billion

If a market has the four characteristics of high leverage, drastic price fluctuation, limited trading volume and high concentration, then the market is a perfect Chinese chive cutting market

we have done a previous issue of the hunt brothers silver speculation. After hoarding a large proportion of silver, the hunt brothers in the United States manipulated the prices in the futures and spot markets to reap the silver investors in the market. Today's bitcoin market is a bit like the silver market of that year

before any asset bubble bursts, there will be lots of people making money. What is the upper limit of the bubble? How high will the price go? How crazy can market sentiment be? None of this can be predicted

a rational investor should not be distracted by the soaring price, but should carefully think about two questions outside the fanatical market sentiment. Do I really understand the investment logic behind this thing? Is it really worth so much money

if you're like me, you'd better not take part in this kind of incomprehensible excitement