Why did the Leyte currency soar recently

1. Compared with the market scale it may become, bitcoin is still a relatively small market at present. Therefore, the price of bitcoin will rise and new bitcoin will be issued at a predictable rate of graal decline; There is less demand. At present, only a small amount of bitcoin is in circulation, which can make the market price fluctuate up and down without a lot of money. The price change of cryptocurrency such as dogcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin will fall. There is no limit on the price of Fuyuan

the price of bitcoin is determined by supply and demand. The price of bitcoin is still very unstable, which means that the demand must follow this inflation level in order to keep the price stable. The big price change is e to its great volatility

2.

After a month long correction, the price of Leyte currency has directly dropped by about 50%. Fortunately, the currency has finally stopped the downward trend. Nevertheless, it is still hard to say whether this currency and other competitive currencies will start to rise or continue to decline in the next few weeks, and whether it is possible to break the rock bottom price

on the 1-hour table of Leyte to bitcoin, we can see more clearly that the recent breakthrough occurred near 0.083cong, and then brought a rapid rise of 15%. On the Maxx momentum indicator, the green bar chart clearly shows that the buying momentum has turned upward. The 50 day moving average is now touching the 0.088 Cong control point, which may bring the price back to this range in the short term

in the past 48 hours, the competitive currencies in the whole market showed some urgent rising momentum after continuously breaking the low point

the bank has analyzed for a long time, and it is very important to monitor the correlation between the price trend of lightcoin and bitcoin. The relationship is particularly useful when trying to measure market traffic and whether a competitor is really worth trading. Generally speaking, when bitcoin moves rapidly in any direction, whether upward or downward, it is difficult for competitive currencies to stabilize, because their volatility is far less than that of bitcoin. Therefore, when bitcoin consolidates and develops horizontally, it is the best way for competitive currencies to move higher

this article is for reference only

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4. Lightcoin is an innovation of bitcoin and an experimental proct of bitcoin, which is known as the supplement and substitute of bitcoin. The slogan is "bitkin, lightsilver!" But in fact, the test proct of bitcoin like lightcoin failed, and there was not much innovation

bitcoin is a big experiment of socialization, which has gained wide attention in China since October 2013, especially a large number of reports from domestic media. CCTV media has also reported bitcoin positively for many times, which leads to people's wrong tone towards bitcoin. In addition, the US held an optimistic attitude towards bitcoin in the November hearing, The price of bitcoin was less than 1000 yuan, and it soared to 8000 yuan in less than two months. With the rise of the price of bitcoin, some counterfeit bitcoins are also rising, and lightcoin is one of the representatives.

5. Two years ago, bitcoin was considered a fringe technology for liberals and computer geeks. Today, other cryptocurrencies such as bitcoin and Ethernet are gaining mainstream recognition. However, the mainstream group is driven by financial speculation rather than the demand for private money and deflationary medium of exchange. The price of bitcoin and other cryptocurrencies, such as ether and Dasey, fell immediately after the Federal Reserve raised interest rates. Specifically, the price of bitcoin fell by about 16%, while the price of other cryptocurrencies fell by about 25%. However, the price of bitcoin rebounded to the previous high in 18 hours
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.

6. Bitcoin is an outstanding effect in the upstream of derivatives, achieving the purpose of financing. However, if the other two currencies do not become circulating currencies in the market, they will naturally decline and even be eliminated in certain investment evaluation

7. The reason for bitcoin's desperate rise is that bitcoin is too crazy. A few days ago, it was 140000, but today it is 170000. It's going too far. But at the same time, a news alert, Dalian a man short bitcoin loss of 20 million, killed his daughter, carrying a family of three jump into the sea! That's why bitcoin is up! Because of the leverage short bitcoin loss jump, hanging a lot of people, it is precisely because of short desperately short, led to the rise of bitcoin, 24 hours 38000 people burst positions, 1.9 billion short funds into the pocket of the banker. Don't you understand the real function of virtual currency? What goes to the center is a gimmick. Sun Yuchen always talks about going to the center. In fact, his BoChang coin is useless. Can he go to the store to buy Coke, and Wright coin.

8. It mainly depends on speculation,

bitcoin and Leyte coin are virtual commodities,
the price can be manipulated by speculators,
there is no regularity.

9. 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 a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

warm tips:
1. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have monetary attributes such as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
2. The above explanation is for reference only. Before investing, it is suggested that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market
3. Investors should not use such information to replace their independent judgment or only make decisions based on such information, which does not constitute any investment operation
response time: February 4, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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