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1. How to use the three technical indicators to understand the rise and fall of bitcoin

coincola coying Cola
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how to use the three technical indicators to understand the rise and fall of bitcoin
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recently, "bitcoin broke through $8000" has been on the hot search. For a while, bitcoin rose, reborn rose sharply, and Ethereum led the rise... A week later, this big play dominated by bitcoin didn't seem to come to an end, and the trading volume was once pushed up to 100 billion US dollars

in the investment world, "madness" and "fear" coexist. Today's "madness" stems from last year's long-term "fear". However, this time, coincola Cola Research Institute tracks and analyzes the technical indicators behind the rising market, and deconstructs the "passion" of the market with the "rationality" of data< (1) mining and bitcoin price

start with the relationship between mining and bitcoin. The core technology of bitcoin is "blockchain", which is connected by blocks. Each block corresponds to a bill. All transaction information and transfer records of bitcoin are recorded on the blockchain. Every other point in time, the bitcoin system will generate a random code on the system node. Due to distributed accounting, all computers on the Internet can search for the code. Whoever finds the code will generate a block and then get bitcoin. This process is mining. Calculating this random code requires a lot of GPU operations, so miners need to use mining machines with massive graphics cards to make profits

1. Bitcoin computing power: starting to pick up

remarks: June 2018-may 2019 bitcoin hash value

data source: bitcoin visual, coincola Research Institute

the above figure shows the bitcoin hash value. The hash value of the bitcoin network represents the computing power of the blockchain. The growth of computing power means that miners increase mining investment or increase the number of miners. Since the second half of 2018, the hash value has recovered from falling back to picking up, from 32eh / s at the end of the year to 50eh / s now, and the recent growth trend is remarkable. The continuous growth of bitcoin hash value (representing computing power) indicates that the market is optimistic about the future of bitcoin

2. Mining difficulty: stepped up

remarks: bitcoin difficulty from June 2018 to may 2019

data source: bitcoin visual, coincola Research Institute

the figure above shows bitcoin difficulty. Since 2019, the difficulty of bitcoin mining has increased in a step-by-step manner, from the low 5T to the current 7T. It can be seen that the rapid rise of bitcoin in this round has reced mining costs and increased market entry personnel. The increasing difficulty of mining means that there are profit opportunities in cryptocurrency market, and the market is generally optimistic< (2) the number of active addresses and transactions on the chain are important indicators reflecting the activity of cryptocurrency, which are highly correlated with the price of cryptocurrency

1. The number of active addresses on the bitcoin chain: a straight line rise

remarks: the number of active addresses on the bitcoin chain from June 2018 to may 2019

data source: coinmetrics, coincola Research Institute

active addresses refer to the addresses where transactions have taken place every day, that is, how many independent addresses conct transfer transactions on the chain every day. Since 2019, the number of active addresses on the bitcoin chain has been rising, especially in recent years. From 540.60143k in January to 832.592k now. It shows that the rapid growth of active users of cryptocurrency is a very positive signal for the market

2. The number of transactions on the bitcoin chain: continued to rise

remarks: the number of transactions on the bitcoin chain from June 2018 to may 2019

data source: bitinfo charts, coincola Research Institute

since 2019, the number of transactions on the bitcoin chain has continued to rise, from 235k in early 2019 to 374k now. Moreover, since April and may, after two rounds of sharp rise in the price of bitcoin, the number of transactions on the chain has remained at a high level, even showing signs of a short-term surge< (3) lightning network and bitcoin price

in essence, lightning network adds a layer to the basic layer of bitcoin blockchain in order to make the transaction fast and cheap. With the existence of lightning network, users can remit money to each other at any time and pay very little. Lightning network represents not only the technical level of bitcoin, but also the important basis of bitcoin value

1. Lightning network nodes: rapid growth

remarks: bitcoin lightning network nodes from January 2018 to may 2019

data source: bitinfo charts, coincola Research Institute

the test version of lightning network started on the bitcoin main network on March 15, 2018. The number of lightning network nodes was only 64 at the beginning of 2018 and increased to 2329 at the end of 2018. Since 2019, the number of lightning network nodes has increased rapidly, and now it has reached 4289. In less than half a year, the number of nodes has doubled. The continuous expansion of nodes indicates the continuous upgrading and development of bitcoin lightning network technology, which is an important indicator of bitcoin price

2. Lightning network capacity: speed up

remarks: bitcoin lightning network capacity from January 2018 to may 2019

data source: bitcoin visual, coincola Research Institute

the data above shows that as of May 15, 2019, bitcoin lightning network capacity has increased to 1039 BTC, equivalent to 833usd, while at the beginning of 2019, it is only 504btc, Lightning network capacity doubled, and the growth rate accelerated. This means that the expansion of bitcoin has been well solved in lightning network technology, which will help keep the payment channel active and effectively support the functional application of bitcoin

the performance of mining, chain trading and lightning network is closely related to the price of bitcoin. On the one hand, the rise of bitcoin price acts as a catalyst to stimulate its performance in mining, chain and lightning network; On the other hand, mining, chain trading and lightning network are the important cornerstone of bitcoin price trend and the important basis of bitcoin price expectation<

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2.

Big zero has no ICO and no issue price like BTC

Zec, the first fast time of big zero zcash was on October 28, 2016. After fast, the private transaction price was very high

zcash is the first blockchain system to use zero knowledge proof mechanism, which can provide complete payment confidentiality, while still using public blockchain to maintain a decentralized network. Like bitcoin, the total amount of zcash token (Zec) is 21 million. The difference is that zcash transaction automatically hides the sender, receiver and amount of all transactions on the blockchain

it takes 10 minutes for big zero coins to go out, and the total money supply is 21 million. The output halving cycle is the same as bitcoin, which is about once every four years

3. Xpot is a coin ring artifact jointly launched by win GC group of Thailand and pundix of Indonesia. Xpot is a powerful combination of xpot and ipchain. All applications of xpot are developed based on IP chain of intellectual property chain. It will open up the last kilometer of digital asset circulation. It is matched by a card similar to a bank card - xpass

4.

Because the blockchain technology is not mature at this stage, and the infrastructure is not perfect, many applications are limited, and the overall application is still in a very early stage

First of all, the main function of blockchain is to store information. Any information that needs to be saved can be written to or read from the blockchain, so it is a database. Secondly, anyone can set up a server and join the blockchain network to become a node. In the world of blockchain, there is no central node (decentralization). Every node is equal and keeps the whole database. You can write / read data to any node, because all nodes will be synchronized in the end to ensure the consistency of the blockchain

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all Iranian citizens turned to bitcoin as a response to US sanctions, and Iranian banks carried out digital currency research< At present, Iran has exported US $2.5 billion to purchase digital currency< br />이&# 46976; &# 44397;&# 48124;&# 46308;&# 51008; &# 48708;&# 53944; &# 53076;&# 51064;&# 51004;&# 47196; &# 48120;&# 44397;&# 51032; &# 51228;&# 51116;&# 50640; &# 45824;&# 51025;&# 54616;&# 44256;, &# 51060;&# 46976; &# 51008;&# 54665;&# 46308;&# 51008; &# 46356;&# 51648;&# 53560; &# 53685;&# 54868; &# 50672;&# 44396;&# 50640; &# 45208;&# 49456;&# 45796;.< br />현&# 51116; &# 51060;&# 46976;&# 51008; 25억&# 45804;&# 47084;&# 51032; &# 49692;&# 50976;&# 52636;&# 54805; &# 48708;&# 53944; &# 53076;&# 51064;&# 51012; &# 44396;&# 47588;&# 54620; &# 49345;&# 53468;&# 45796;.

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6. Huang Lianjin: first of all, the acronym of a-b-e-y means "advanced blockchain for enhanced yields". It came out in 2018. The main purpose of abey is to improve the operation efficiency of blockchain in essence, so that this revolutionary technology can be truly popularized on a large scale

as we all know, the biggest bottleneck restricting the popularity of blockchain has been its slow transaction speed. Bitcoin can only process seven transactions per second, while Ethereum can only process up to 20 transactions per second. Therefore, after bitcoin has existed for more than 10 years, most people have only heard of blockchain, but they seldom use this technology

abey is developed to solve the problem of low efficiency of blockchain and difficult to popularize in a large area. It is an independent public chain. Abey adopts a unique chain governance and chain architecture. Abey, for example, is looking at how to use only 50 active blocks in the chain. When a new block is created, the oldest block is removed from the end of the chain. But its data will still be preserved and archived. If this architecture is successful, the whole chain will be shorter, lighter and more responsive. Abey takes an average of 2 minutes to create a new block. Many studies have proved that this is close to the optimal time for block generation - abey is much more efficient than traditional blockchain Technology (such as bitcoin)< Second, it's very interesting. As you mentioned just now, the operation efficiency of blockchain and Ethereum is relatively low. So what level can abey reach<

Huang Lianjin: theoretically speaking, abey's transaction processing efficiency can continue to expand with the needs of users. The change in efficiency will also depend on the type of actual use case. For example, the first use case built on the core of abey blockchain is the apay systems payment services (a payment) platform. According to the project side, its current efficiency has exceeded the speed and throughput of visa / MasterCard credit card system

in terms of function, the apay platform supports the instantaneous conversion of bitcoin, Ethereum, bitcoin, cash and Leyte into a stable currency called Act (or acash) (linked to the value of the US dollar). Once the user obtains the act, it can be used to trade with other apay users

in addition, users will soon be able to enter the act into the apay encrypted debit card, and then they can consume at any merchant (online and offline) receiving visa / MasterCard, and withdraw legal tender from any ATM in the world. Apay's goal is to become a bridge between cryptocurrency and the real world, bringing cryptocurrency into the mainstream business world< In this way, apay will promote the large-scale application of blockchain technology in e-commerce. Besides, what other achievements does abey team take pride in

Huang Lianjin: abey constructs a loose coupling intelligent contract execution architecture. This means that people can use any programming language or compiler to develop smart contracts on the abey platform. In contrast, developers will not need to be limited to the development restrictions in Ethereum ecology, which will reshape the way smart contracts are built and run in the blockchain

the first smart contract in abey ecosystem is written in C language (C language ranks top three among the most common programming languages in the world). At present, there are more than 5.4 million known C and C + + language developers around the world – compared with less than 10000 solid language developers in the Ethereum ecosystem. In 5-6 years, the expansion rate of Ethereum ecosystem's developers is still expected to be relatively slow.

7.

bus line: Metro Line 1, the whole journey is about 11.0 km

1. Take Metro Line 1 from TIYU West Road, pass 9 stops, and reach Huangsha station

2. Walk about 1.1 km to Shamian park

8.

According to the price of bitcoin on the exchange at 10:30 a.m. on March 26 today, your number is 0.03352708 bitcoins
so the market value is almost 0.03352708 * 344197 = 11540
it's almost more than 1W RMB

if you trade, there are handling charges and so on, You can hold it for another period of time
and wait for it to rise a little more

< p class = "ikqb"_ image_ Capture "> 3.26 bitcoin price

9.

Suppose that in 2009, Tencent spent 100000 yuan to buy its shares. Now it has achieved financial freedom. Tencent's shares have not doubled in the past ten years, but multiplied many times

Before answering the question, I would like to give you a piece of advice: be cautious when entering the market, pay attention to value investment, long-term investment and don't speculate in stocks for the poor

converted into RMB is: RMB 2.45 million - RMB 5.4 million

in the stock market, if you choose the right stock, holding it for a long time for several years or ten years is actually very profitable, but you should also know that the stock market is the most risky way of investment, we still need to be cautious and rational investment