Bitcoin 94 tragedy
There are many views on the reasons why bitcoin fell below $10000 this time, some people in the instry said: "maybe it's a good play prepared by the main force to commemorate the 94 event in advance." more people think that the withdrawal of OTC funds by mining of defi (decentralized Finance) may be one of the main reasons for the current round of decline. However, there are also views that the main reason for the decline of bitcoin is e to the market smashing by the makers
according to the website of coinmarketcap, in the early morning of September 3, bitcoin dropped more than 10% in the short term. At one time, bitcoin fell below the US $10000 level, and the lowest fell to US $9960, which was a new low since July 27, with a 24-hour decline of 9.98%. At present, bitcoin has rebounded to US $10302. At the same time, cryptocurrency declined collectively, and most of the top ten popular currencies in market value, except stable currency, fell by more than 10%
However, e to the special date of bitcoin's decline and the foreshadowing of the decline in the previous two days, some people in the instry said: "maybe it's a good play prepared by the main force to commemorate the 94 event in advance.". It is reported that the coin circle 94 incident originated from September 4, 2017, when seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, officially calling for the suspension of ICO (initial token issuance) financing, which was regarded as an important watershed in the history of China's digital currency speculationhowever, it is not the tradition of the coin circle to fall every festival. On the decline of bitcoin this time, more people think that the withdrawal of OTC funds by the mining of defi (decentralized Finance) may be one of the main reasons for this round of decline
however, there are also views that the main reason for the decline of bitcoin is e to the market smashing by the makers
KOL, an analyst known as the trend maniac of digital currency, pointed out that there have been a large number of smashing orders in the exchange recently. When the currency price is around us $11770-11800, the exchange's large investors mp goods at US $11750 in 500btc, and all the orders are instantly eaten by the brick moving robot, about 4000 coins are smashed
extended data
mining of DEI (decentralized Finance) and withdrawal of over-the-counter funds are the reasons for the current round of decline.
Wu Gang, founder of bitcoin wallet letter, publicly said on the social platform that the market decline is the "blood sucking" of the defi (decentralized Finance) project, and gave an example of sushi project, which has soared 100 times recently
Kang Lu, a senior researcher of fire coin Research Institute, said to the analysis of interface news that the recent hot spot of digital currency is not in the bitcoin market, but the prosperity of the overall digital currency market caused by the graal prosperity of the decentralized financial market in Ethereum ecology and wave field ecology
it can be seen from the fact that the trading volume of decentralized exchanges has reached 6% of that of mainstream exchanges. In addition, at the beginning of September, the 24-hour trading volume of uniswap, a decentralized exchange, reached US $441 million, surpassing the head centralized exchange coinbase Pro for the first time
trading platform launched on June 9, 2011
price of bitcoin in China reached 150 yuan on June 9, 2011
registered users exceeded 8000 on May 27, 2012
trading volume on May 9, 2012 exceeded 2000
trading volume on May 27, 2012 ranked second in the world
trading volume on May 29, 2012 ranked eighth in the world
double authentication function launched on August 28, 2012
February 2013 -The price of 15 bitcoin in China returned to 100 yuan
on April 10, 2013, the trading volume reached 28600 yuan
on April 10, 2013, the price of bitcoin in China reached 1944 yuan
on April 21, 2013, the United One Foundation launched a donation of bitcoin and donated 15 bitcoin to one foundation, For Sichuan disaster relief
launch mobile phone verification function on May 15, 2013
launch recharge free service charge on July 1, 2013
launch TenPay online banking automatic recharge online on September 3, 2013
implement transaction free service charge on September 24, 2013
transaction volume exceeded 50000 on October 22, 2013
bitcoin China price reached 1300 yuan on October 22, 2013
launch market price list function on October 28, 2013
CCTV on October 30, 2013 The price of bitcoin in China reached 2630 yuan on November 9, 2013, according to the report of Taiwan's two sets of "global financial link"
PayPal, the world's largest online payment platform, announced that it will cooperate with three bitcoin payment service providers to test bitcoin payment, but the payment service is only limited to virtual proct transactions, and users can only use bitcoin to buy e-books, electronic music, electronic games, electronic music, electronic games, etc And mobile phone ringtones
bitcoin is a new type of virtual currency, which is generated by a large number of calculations based on special algorithms. According to rigorous calculations, the stock of bitcoin is limited, with a total of 21 million, no more or less. After being created, bitcoin has rapidly become a "fixed asset" pursued by Internet speculators
in February 2014, mtgox, the world's largest trading platform, went bankrupt, casting a shadow on the whole bitcoin instry. Since the middle of 2014, the price of bitcoin has been in a downward trend for a long time
on August 12, 2015, the price of a bitcoin was only close to 1700 RMB
on the afternoon of February 8, 017, the inspection team of the business management department of the people's Bank of China interviewed the main principals of nine bitcoin trading platforms in Beijing, including "China bitcoin", "bitcoin trading network", "bitcoin", "yuncoin", "Yuanbao", "btc100", "jucoin", "coin shell" and "dahonghuo", which are engaged in bitcoin trading, Report the current problems of bitcoin trading platform, prompt the possible legal risk, policy risk and technical risk of the trading platform, understand the operation of the nine trading platforms, and put forward clear requirements: it is not allowed to engage in financial business such as financing currency, participate in money laundering activities, and violate the relevant national anti money laundering and anti money laundering regulations Foreign exchange management, payment and settlement and other financial laws and regulations shall not violate the state tax and instrial and commercial advertising management laws and regulations. If any bitcoin trading platform is found to have violated the above requirements and the circumstances are serious, the inspection team will request the relevant departments to shut down and ban it according to law
References: http://money.163.com/15/0926/09/B4E9TIAH00253B0H.html
http://www.ke.com/wiki/%E6%AF%94%E7%89%B9%E5%B8%81%E4%B8%AD%E5%9B%BD
bitcoin China's actions in the past six months have been very frequent, first clarifying that it has nothing to do with BTCC, then the acquisition of Founder Yang Linke, and then the investment in ZG exchange. It's really a happy life, causing one agitation after another. However, although bitcoin China is still called bitcoin China, it's not bitcoin China before
as the first most influential exchange in China at that time, I believe that no one in the circle did not know the name of bitcoin China. According to the public information, bitcoin China is an early digital asset trading platform in China, operated by Shanghai satuxi Network Co., Ltd. and established in Shanghai in June 2011, The trading platform was closed on September 30, 2017. It is no exaggeration to say that bitcoin China was in its prime, and the exchanges of fire coin, okex and coin an were still in their infancy. Why are the exchanges of fire coin and OK still in their infancy, while bitcoin China exchange disappeared? The main reason is that bitcoin China is the only exchange among several exchanges that has issued icocoin, and the ICO issue is a heavy blow to the 94 incident. The so-called "shooting out the head bird", bitcoin China exchange has to choose to close down. It is worth mentioning that the founder of icocoin is Yang Linke. It's really a failure!
It was in 2017 that China announced that bitcoin trading was not allowed in China. Overnight, all exchanges withdrew from the Chinese market. Because of this news, bitcoin once plummeted. This is the general 94 event
e to the decentralized programming adopted by the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million
in other words, the bitcoin system can be self-sufficient, resist inflation through coding, and prevent others from destroying these codes
expansion data:
bitcoin price bubble exists, it is a problem that need not be discussed. Whether from the increase or from the value of the currency itself, bitcoin is bubbly. p>
its so-called advantages, such as scarcity, fidelity, strong liquidity, transparency and decentralization, are just the cover of speculation, which can not support its roller coaster like rise. Today's slump is telling
iron ore: 8 iron, 10 iron, 13 iron, 15 iron, more than 15 iron
copper ore: 12 copper, 15 copper, more than 15 copper
silver ore: more than 15 silver ore
blackbody:
more than 10 black iron
in addition to the task mine required by the Royal City Mission, other mines, such as gold, silver, copper and iron with purity of more than 15 plus a piece of wood, You can use it to forge your destiny. If you are lucky, you can forge your destiny at level 35, especially the soldier's. Black iron of various purity can be used to upgrade weapons, and black iron of purity more than 20 can be used to forge Dark Armor of stepping on cloud. The price of task mines varies from district to District, and the price of all kinds of task mines is also different. For example, the price of black iron above 20 is 100W in our district, and the price of black iron of 20 in our district is 1 yuan. So a lot of people can make money by mining~~~
in the future, bitcoin may be more used as an investment asset than a trading currency bitcoin can be said to be the most active cryptocurrency in this period of time. At the recent Boao Forum, officials of the central bank gave a new explanation for cryptocurrency of bitcoin. The central bank said that although bitcoin is defined as currency, it is actually a rare investment asset. In the future, more and more people may use bitcoin as an investment asset. However, bitcoin is still limited in the scope of actual transactions, whether online or offline, There are not many trading scenarios for bitcoin