Why blockchain of US stock market soars
the reaction of cryptocurrency to the Fed's interest rate increase shows that cryptocurrency is regarded as a safe haven investment against the background of the continuous dilution of the value of major legal currencies. That's why demand for bitcoin has risen in countries where fiat currencies have fallen, such as India and Venezuela
however, if the Federal Reserve continues to raise interest rates, the market demand for cryptocurrency may decrease. The reason is that when the Fed stops printing new money, there will be less new money flowing into assets such as real estate, stocks and cryptocurrency. As a result, investor demand for anti inflation assets will decline.
now bitcoin bubble serious, may collapse, the market needs to be cautious. But unlike tulip, it will rise slowly after falling, rather than collapse
because the total amount of bitcoin is limited. mining costs are getting higher and higher. It can also be preserved for a long time at a low cost. At the same time, about 40% of bitcoin is in the hands of a very small number of people, which can achieve high control
you need to judge its future & quot; Collection value & quot; Up or down
what you should pay attention to is its & lt; Collection value & quot; It does not depend on itself, but on the public's enthusiasm for it and its general recognition. It's changing all the time
from the perspective of coin holders, the more people they buy, the better. This will lead to the & lt; decline of bitcoin; Collection value & quot; Up
there are many coin holders who strongly advocate bitcoin and turn shit into gold. With the success of advocacy, more and more people buy money. Excrement really becomes gold. Advocacy is no longer advocacy, but truth. This paradox is also what Soros said; Reflexivity Principle & quot; It's the embodiment of the idea. This is also the most painful and unacceptable thing for rational people who do not speculate
at present, I personally feel that the price is too high. There are too many speculators in the short term. There are some bubbles. Investment should be cautious. You can buy some in the next slump and collect them for a long time
you should not believe the following two statements:
1. Bitcoin is the perfect currency in circulation in the future. It has high use value, so it is very valuable
2. Bitcoin is deceptive and has no use value, so it is not valuable
one answer is that bitcoin is like a diamond. It does
diamond's & lt; Use value & quot Love is eternal), which was hyped by De Beers in the last century. Until then, diamonds were not worth money. And the total supply of diamonds is monopolized and controlled by giants such as De Beers Is "diamond" the most wonderful marketing scam in the world in the 20th century? Is it really worthless? There are many good answers to this question.)
De Beers constantly claims that diamonds are the strongest objects and can symbolize eternity. People graally accepted it
and Nakamoto develops bitcoin, and believes that its decentralization, blockchain technology and other characteristics are suitable for the future as a perfect e-currency (the initial title of the paper is "a peer-to-peer e-cash system"). With the expansion and publicity of bitcoin's followers, more and more people have accepted this idea. But now there are still a large number of people who don't know anything and feel that the price is rising sharply, so they buy bitcoin. After buying it, reverse rationalize it and persuade yourself to accept the concept that bitcoin is a perfect electronic currency
this is & lt; The community of imagination; The process of formation. The essence is similar. It doesn't matter whether these concepts are true or not. It's important: how many people do you trust. If more people believe in it, it will come true
In the end, diamond has become an extremely successful marketing case. The symbolic meaning of diamonds has been formed all over the world; The community of imagination;. Instead of collapsing like tulip, it has become a sustainable instryfrom the current trend, bitcoin is working in this direction. There is a public opinion game between advocates and bearers to see who has more power to influence the huge group of passers-by to identify or not to identify with bitcoin. Both sides exaggerate, saying that bitcoin is the Holy Grail of changing human society and that bitcoin is a Ponzi scheme. At present, because of the continuous rise (and it has doubled after several sharp falls), the advocates have the upper hand
According to the official annual report of the securities and Exchange Commission, form 10-K, Tesla has invested a total of US $1.5 billion (about RMB 10 billion) in bitcoin, and expects to accept digital assets as a payment option in the near future. Tesla is expected to begin to accept cryptocurrency as a means of payment, according to the report by Bloomberg. Before that, musk, the founder of Tesla, was still selling dog coins. Stimulated by the news, bitcoin soared instantly. By the time of publication, bitcoin had soared by more than 15% and stood at US $44000. According to bitcoin home, the market value of bitcoin has exceeded US $820 billion, surpassing that of Facebook (at US $758.619 billion) compared with the market value of well-known companies
at the same time, the block chain related to cryptocurrency also soared. The blockchain plate of the US stock market rose in the short term before trading. Before trading on February 8, the blockchain plate of the US stock market surged in the short term. For a time, the ninth city rose by more than 28%, riot blockchain rose by more than 20%, marathon patent group rose by more than 25%, Jianan technology rose by 19%, and bit digital, Inc rose by more than 24%
new things will always attract the pursuit of unknown people, which is the key point
next is the key blockchain technology behind digital currency, which subverts the Internet at present
as for the era you said, it's still early. At least bitcoin has erupted, and other digital currencies have yet to be verified!
of course, the coin here is what we often call token, which originally means token (temporary) in computer identity authentication. With the popularity of blockchain and digital currency, people have a variety of translations for token, including token, integral, certificate, logo, indicator, etc
the understanding of token in the market can be divided into two categories
in the first category, 99% of the people think token means token, because 99.9% of the projects do the same thing. Set up a foundation, build a website, write a white paper, and then go to ICO. Because most of the projects are still in the conceptual stage, token itself has no other meaning except trading, so people call it token, which performs the function of currency to some extent
in the second category, professionals and institutions are more willing to translate token into proof of equity, or token. For example, a person's identity certificate, academic certificate, equity, bonds, points, bills, etc., are authentic and tamperable because of the proof of rights and interests. Every proof of interest becomes more secure and reliable through the protection of cryptography
therefore, blockchain is not only a technology, but also a new mode of proction and organization, even a new thinking
so, the question now is, does the blockchain project have to issue currency
answer: you may not issue currency. Not all blockchain projects need to be issued with currency, and it is not necessarily blockchain projects that issue currency
for example, the alliance chain does not need to issue coins. For example, Tencent's q-coin, in principle, is also a kind of currency, but it is not a blockchain project
therefore, the two are not related, but if they are public chains, they need to issue coins. Why
let's take bitcoin as an example. Bitcoin system as a public chain must rely on the existence of bitcoin. Public chain obtains the stability and non tamperability of its system through the nodes distributed all over the world, and these properties are the basis for the existence of public chain
imagine that if the bitcoin system is unstable or can be easily tampered with, bitcoin will be worthless. These nodes are not set up by one or several companies, otherwise they are equivalent to private chain or alliance chain. These nodes must be built dynamically by many participants. And the existence of these nodes must need some kind of incentive, otherwise why do the builders of these nodes want to participate in your system. And this kind of incentive must be integrated with the blockchain system, and it must be money
then why is it currency, not legal currency, such as RMB, as an incentive
if RMB is used as incentive, because RMB should be stored in the RMB account, and the account itself is centralized, so it's easy to be controlled. Just think about why domestic bitcoin exchanges are so afraid of the central bank, and they are afraid of being weaned. In addition, RMB can't react with smart contracts within the blockchain
the electronic currency issued by the central bank can not be used as the original currency and incentive of a blockchain system. Why
if the central bank or a rich person wants to destroy a project, they just need to take out enough e-money to do enough nodes and attack 51%. Therefore, it is impossible to use the e-money issued by the central bank as the original currency and incentive blockchain system. However, blockchain projects with independent native currency and incentives have no such worries
If a person or organization wants to get enough nodes to carry out 51% attacks, it must first get more than 50% enough coins, and the amount of coins in the market is certain, so before it gets enough coins, the soaring price will make it hard for him to bear
therefore, a public chain project must have money. A public chain project without money is like a castrated person
in addition, only through the token and reasonable stimulation of output, can the proction relationship be changed and the value of blockchain be brought into play. Therefore, the project must have token, which can promote the development of the project faster. Token solves the problem of incentive and consensus, and incentive solves the problem of autonomy. The positive autonomous economic ecosystem and the underlying technology of blockchain are a perfect combination.
because before the first mock exam, it said: should take the block chain as a very important breakthrough in our core technology independent innovation, so as to promote the core technology independent innovation more rapidly, because of this policy. As a result, bitcoin rose by nearly US $1000 within six hours. It is also because of the leadership of bitcoin that the prices of other mainstream currencies rose to varying degrees
But for investment, we should consider carefully, not only the surface, but also all things. When we really plan to invest here, we must think about how to face the loss, how to control the loss and how to stop the loss, Investing in bitcoin is really a good choicereason 1: the cost of mining bitcoin may be further increased
bitcoin is deflationary in nature, which means that the proction of bitcoin will decrease over time. The key is that in the near future, the return of bitcoin mining will be reced from 25 bitcoin to 12.5 bitcoin
the price halving will take place when the 420000th block of bitcoin is g up, which is likely to come in the next few weeks. We don't know how market prices will be affected at that time, but several news reports say that the price surge in the past week may be partly e to the imminent pressure of reced mineral supply< The second reason is that the public's interest in bitcoin has been rekindled by the speculation on the new e-currency.
Ethereum, as a blockchain technology, has been strongly supported by banks and VCs, and has been talked about a lot by experts in science and technology circles. In short, many people think that Ethereum is faster and more reliable than bitcoin, and may even replace bitcoin as a better electronic currency
the emergence of competitors is of course bad news for bitcoin. However, an article on the quartz website assumes that the rise in the price of Ethereum may in turn stimulate the price of bitcoin. But so far, there is no evidence that there is a strong correlation between the two e-money prices
the third reason: China, China, China
China seems to be the most convincing reason behind the soaring price of bitcoin The Wall Street Journal said:
at present, about 92% of the global bitcoin transactions are completed on huobi.com and okcoin, two Chinese bitcoin trading platforms. The rise in bitcoin prices over the weekend may be just the latest sign that Chinese investors are shifting money between different assets in search of higher returns
China's economic situation has influenced the fluctuations of bitcoin in the past. Therefore, we have reason to believe that this round of inflation is also related to China
at the same time, experts also mentioned the Chinese investor effect in their comments on reddit and twitter, and they think that this effect may not last long. If it turns out that the buying frenzy of bitcoin is just a passing stop for asset transfer to other forms, the current crazy situation will end.
(1) possible factors for the rise of US stock market. First of all, technology stocks led the US stock market, S & P stock market hit a new high, health care companies boosted the market strongly, and energy stocks rose with the price of crude oil. Second, the Fed will announce an interest rate decision later this week, and the market expects the fed to raise interest rates, which will be the third time this year. Standard & Poor's rose slightly by 0% or 3%, while Dow Jones and Nasdaq rose slightly, while Russell small company index fell slightly. Although inflation is low, the labor market is relatively strong. Third, last week, Apple shares rose, Symantec shares rose, and healthcare shares rose. Bluebird shares rose, while bank shares fell slightly. Oil and gas boosted energy stocks, while Chesapeake Energy Inc. rose
(2) possible factors for the rise of bitcoin. 1. Bitcoin futures rose on the first day of listing on the US stock exchange. Wall Street investors bought bitcoin for the first time, and the price of digital currency futures jumped about 20%. Bitcoin has risen this year. According to the Los Angeles Times, the US market has bought second-hand housing mortgage loans to buy bitcoin. 2. At present, the trading volume of bitcoin is relatively low, and most investors are optimistic about oil, gold, wheat and other commodities, or the stock market. The future direction of bitcoin is unknown, futures prices show that prices are rising, but investors are cautious about the market falling into bubbles and speculation. 3. JPMorgan said bitcoin was a fraud. The Chicago Mercantile Exchange will start trading bitcoin futures on December 18, with gold slightly lower and its value supporting the gold price. Bitcoin has no value, only the price rises
(3) why are US stocks rising with bitcoin? Gold fell slightly, oil prices rose, and the value of gold and oil supported each other for a long time. First, the price of gold fell slightly to about $1246 an ounce. According to the latest data of the Commodity Futures Trading Commission, the bullish position of gold declined. Silver fell to about $15 an ounce, while the dollar rose against the yen. U.S. benchmark crude rose to about $57 a barrel, while Brent crude rose to about $64 a barrel. Market risk appetite rose, gold slightly declined, and oil prices rose slightly. Second, the stronger non-agricultural report and tax rection plan boosted the US dollar. Before the US Federal Reserve increases interest rates, gold may go down and the US dollar is bullish. The U.S. dollar index reached a high of 94 points on Friday, then fell slightly to about 93, rebounded slightly from the low point and rose. Various factors supported the Federal Reserve's interest rate increase in December, which boosted the U.S. dollar. Third, bitcoin futures rose after listing in the US market, while US technology stocks rose, while banks and instrial enterprises stocks declined slightly. Fourth, the European Central Bank and the Bank of England will issue monetary policy statements. Wall Street is concerned about whether the Federal Reserve will raise interest rates for the third time in 2017 on Wednesday because of rising oil prices, rising U.S. energy stocks, rising ExxonMobil shares, rising chevron shares and rising ConocoPhillips shares. Fifth, U.S. technology stocks rose, Apple shares rose, Amazon shares rose, Google shares rose, Microsoft shares rose, Tesla shares rose, and Qualcomm shares rose. Bitcoin rose while blockchain related stocks rose. The price of gold is relatively stable, while the price of oil rises slightly, and the value supports gold and oil.
to tell you the truth, there is no big adaptation. The main reason is that the capacity of video memory is doubled, and the main frequency is increased a little.
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