Transaction volume of bitcoin trading network Ethereum
Yesterday, according to the data of okcoin, a well-known domestic digital asset trading platform, the bitcoin price continued to decline in the previous trading day after the opening. The lowest price fell to 18587 in the early session of Asian market, and then stopped falling and rebounded. By the end of the day, the bitcoin price had rebounded to near the opening price. As of today's press release, prices fluctuated in a narrow range around yesterday's closing price, with the latest trading near 19560
within the day, at the 4-hour level, the moving average system (5, 10, 20) continued to maintain a good short position, but after the price broke 2220 support, there was no large-scale downward trend, but the long shadow K line was closed for many times, and the MACD index also showed that the downward momentum was limited here; At the 1-hour level, MA60 is an important pressure line for the current round of decline. The price has been supported twice in a row at the 2150 level. The rebound needs to first pay attention to the resistance effect of MA60
Analysts of okcoin bank said that 2220, as an important support platform, plays an important role in the long short price situation. At present, there is a false breakthrough signal at this price, indicating that this price support is still effective. Radical investors can consider the light position intervention bullish, the top first focus on 1 hour chart MA60 pressure, blocked obviously leave the market, large-scale break hold to see the next pressure near 2400Ethereum is a cryptocurrency whose market value is only lower than that of bitcoin. The emergence of Ethereum also makes up for the lack of scalability of bitcoin. After five years of development, Ethereum has accumulated a large number of fans. Ethereum's concise functional application highlights its own advantages, but Ethereum, which has been developing smoothly, has encountered a "blow", In an interview, SEC Chairman Jack Leighton made it clear that Ethereum was a security, which caused an uproar and led to a crisis of trust in Ethereum
some days ago, people have been worried that once Ethereum is identified as a security, most Ethereum transactions will be banned. Once Ethereum trading stops in the U.S. market for some reason, its currency price will plunge, and other Ethereum related cryptocurrencies will avalanche one after another, or even withdraw from trading. The blow to the coin ring is unimaginable
If Ethereum is really a security, the consequences will be unimaginable. After all, Ethereum has a very small position in the currency circle. Most people have Ethereum in their hands, which may make the Ethereum in the hands of investors depreciate significantly, which will bring a disastrous blow to the currency circle. Whether Ethereum can survive the disaster will make the exchange and investors sweat. For more details, please clickwe suggest that you choose the exchange with better market depth. Trading depth has two advantages:
1. The market price is relatively more stable in large trading
2. The cost of large trading is also lower
there are plenty of investment procts. Why is bitcoin so valuable? This should consider not only the nature of bitcoin itself, but also the process of history. Bitcoin's own nature is concive to value-added, and history has indeed come to the process of increasing the price of bitcoin< In recent years, the pressure of economic downturn has been great, and the global economy has slowed down significantly. In this case, people tend to buy investment goods with value preservation, rather than invest money in consumer goods or proction. Bitcoin is a good place to invest
as mentioned earlier, the number of bitcoin is constant and it is not controlled by the central organization, which means that bitcoin has good reliability. In addition, bitcoin can be invested through the Internet, while the traditional investment threshold is relatively high, so the speed of capital entering bitcoin is particularly fast. The price of bitcoin has been unstable, which is also related to the fast in and fast out nature of the Internet. And the current economic situation is promoting the rapid flow of capital into bitcoin< Foreign exchange control
e to the great downward pressure of economy, in order to prevent capital outflow and ensure the stability of exchange rate, all countries have adopted a certain degree of foreign exchange control measures. For example, China has adopted relatively strict RMB exchange control. If you want to exchange RMB into US dollars, there are many restrictions. Ordinary people can only exchange US $50000 a year. At this time, bitcoin has become a means to circumvent foreign exchange restrictions
for example, you can use RMB to buy bitcoin and exchange bitcoin for us dollars. You can exchange through different trading platforms. For example, you can buy bitcoin in RMB on Chinese websites, and then sell bitcoin into US dollars on American websites. As a result, bitcoin has been welcomed by many money launderers, and its price has gone up all the way<
the regulation of bitcoin trading platform is relaxed
it is difficult to monitor the transactions between bitcoins, but the bitcoin trading platform can be monitored. For example, if your trading platform is a Chinese website, it will naturally be regulated by the Chinese side. At the beginning of this year, e to the intervention of regulatory authorities, three domestic bitcoin trading platforms suspended the withdrawal of bitcoin, and bitcoin fell sharply. However, in June, these bitcoin trading platforms resumed the withdrawal service, claiming that they had completed the upgrade of the anti money laundering system. This is good news for bitcoin, and the rise of bitcoin price is reasonable< Influence of bitcoin blackmail virus
the recent bitcoin blackmail virus wannacry is impressive. Wannacry encrypts computer data and blackmails users to pay for bitcoin decryption. The virus is spreading everywhere, and many people are forced to buy bitcoin to redeem the data (but the data can't be decrypted), which also pushes up the price of bitcoin
we can see that there are many factors driving up the price of bitcoin. In fact, in addition to bitcoin, the prices of other similar digital currencies are soaring. Bitcoin is generated based on algorithms, and other digital currencies with similar principles include lightcoin, Ethereum, dogcoin, etc. The price of these digital currencies, especially Ethereum, has also risen significantly recently. Ethereum and other coins are still profitable even if they use graphics cards for mining. Recently, amd graphics cards are out of stock, and the culprit is Ethereum and other coins. For this reason, AMD and NV intend to launch mining special supply cards to avoid mining affecting the normal sales of graphics cards
summary
although the price of bitcoin is rising faster than that of a house, this investment is still full of risks. The price of bitcoin fluctuates very violently. For example, in 2014-15, bitcoin even fell by nearly 90%. This "mining disaster" also made many mined graphics cards (mine cards) flow into the second-hand market. Mine card life is often worrying, we need to pay special attention when buying. At present, the rising trend of bitcoin price continues. Will there be a mine disaster next? When is the graphics card not out of stock? Let's stay focused.