Low and high bitcoin
according to the data of coindesk digital currency trading platform, the price of bitcoin once fell below US $6000 in 18 years, which has dropped by 70% compared with the highest value of US $20000 in 2017
"the price movements we are seeing now may seem drastic, but they are quite normal for this market." Etiro's senior market analyst, MATI Greenspan, wrote in an email to CNBC
with the decline of bitcoin, most digital currencies are affected, and other digital currencies are not much better. Most digital currencies are down by more than 10%. But in the long run, the future of digital currency is worth looking forward to.
Bitcoin itself has no value, and its current values are all human factors. From the perspective of the price trend of bitcoin, there are obvious traces of manipulation by the makers. Considering that the range of use of bitcoin is gray and black, although there is a certain room for increase, the risk can not be controlled and there is a risk of being short at any time
from the moment bitcoin proced value to the sky high price of nearly $20000 gold, bitcoin rose by tens of thousands of times ring this period, which also created a lot of people's freedom of wealth. Most investors love and hate bitcoin. They love speculative property, and they have no limit to the rise and fall. They hate to be unable to analyze the market and make profits in the market
so why is it still suitable to buy bitcoin in 2020
1. The third proction rection
in May, bitcoin reced its proction for the third time. Under the hype of the proction rection market, the third proction rection of bitcoin brought confidence to most investors in the market, but the price did not change significantly
judging from the market, bitcoin is leading the rise of other financial procts under the same conditions. It dropped to $3800 in March, and then rose all the way to about $10000, walking out of the V-shaped reversal
the V-shaped reversal is not easy. After all, the previous market had to be sorted out for several months before going up. This also illustrates the purchasing power of bitcoin in the market
moreover, after halving, the amount of bitcoin g up by the miners has graally decreased. In addition to the lost bitcoin, there are not many bitcoins in circulation in the market, and the bitcoin market is a market brought about by demand. With many external factors, many investors want to use bitcoin for risk hedging, and the liquidity of the market is expanding step by step<
2. Institutions bought a lot
after halving, gray alone increased its holdings of 18910 bitcoins, while after halving, the miners only mined 12337 bitcoins, indicating that the number of gray holdings increased was 150% of the total mining amount of miners in the same period
in addition to institutions, some celebrities have also publicly expressed their desire to buy bitcoin. For example, the author of "poor dad, rich dad" tweeted the reason why he wanted to invest in bitcoin. Before that, he repeatedly said that with the continuous release of water from the Federal Reserve, bitcoin may become a good hedging tool to deal with the current financial crisis
with the entry of specialized institutional teams, bitcoin has been known by more and more people, and its value has also been understood by more and more people< 3. Bitcoin leads the global financial asset growth
the secondary market of bitcoin is huge, with the number of new addresses and active addresses increasing every day. There are many people who know about bitcoin but don't enter the market
the massive entry of foreign institutions leads to the concentration of some chips. In this process, it is not only the transfer of chips, but also the transfer of price rights.
the following are just assumptions:
I'm a dealer, and I know the market data very well.
1. I have observed that many people are short on leverage recently. In order to buy back bitcoin at a low level, I buy bitcoin fiercely and pull up the shorters directly, and the shorters are forced to close their positions (buy my bitcoin at a high level and return it to the platform)
2. Recently, I have observed that many people are putting leverage on long positions. In order to sell bitcoin at a high position, I smash the coin and directly smash the long position, and the long position is forced to close (sell bitcoin at a low position and pay me back to the platform)
in these two processes, one part of the investors sold my currency at the lowest position, and the other part bought my currency at the highest position.. The price difference is more than 230 yuan. As a dealer, the price difference is more than 230 yuan
take a look at the trading volume on that day. Assuming that there is a trading volume of 1 million for those who have burst positions, 1 million multiplied by 230 equals 230 million yuan
this is the net profit of the day
this technique is very common in the futures market.
with bitcoin soaring all the way, the real winners are those who hold low positions and those who sell "mining" equipment with the continuous development of China's economy, science and technology has also been rapidly improved, and the rapid popularization of the Internet has changed many people's living habits. The emergence of emerging instries has also been recognized by many people. Bitcoin, as an emerging instry, has attracted many people's attention. Bitcoin has risen tens of thousands of times in more than ten years, which makes many investors feel incredible. Bitcoin has also become a symbol of wealth. With bitcoin soaring all the way, who is the final winner has become the focus of attention. Let's talk about my views and share my views, hoping to help you
bitcoin has been used as a commodity to hype. Commodity hype is definitely to buy low and sell high. As long as you can earn profits from it, the person who sells high bitcoin to earn the difference is also the final winner. However, this risk is relatively high, because bitcoin fluctuates a lot and the buying and selling points are not easy to grasp. Few players who earn a price difference are able to withdraw completely in the end
bitcoin itself does not proce profits, but the price of a thing that does not proce profits is as high as tens of thousands of dollars, which many people can not imagine. This is the charm of emerging instries and also a risk. It is not recommended that ordinary people participate in bitcoin. After all, the price rise is too large, which may face great risks