When will bitcoin return to normal
It was officially born on January 3, 2009
since 2015, the future of bitcoin has become more and more uncertain. On the one hand, bitcoin fell as much as 55.55% against RMB last year; In 2015, bitcoin fell by more than 30% against the RMB in the first half of January alone
bitcoin's "falling" reflects the "self-healing" of its value after "fanaticism" to a certain extent. According to statistics, in 2013, bitcoin rose from 1 ∶ 13.59 to 1 ∶ 731, with an annual increase of 5300%. This speculative driven inflation has affected the virtual currency property on which bitcoin relies
on the one hand, no country has defined it as a legal currency. On the other hand, in 2014, the US dollar rose significantly, and the prices of oil and bulk commodities fell correspondingly. The price trend of bitcoin is the same as that of the latter, becoming part of the asset allocation of some speculators, which highlights that its asset attribute is far greater than the monetary attribute
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Security and credit risk have also become the reasons for the decline of investor confidence. Mt. GOx, once the world's largest bitcoin exchange, claimed in March last year that it had lost all its assets e to hacker attacks. Recently, it was revealed that its lost bitcoin was probably e to internal system manipulation
the regulatory environment of bitcoin is not optimistic, and Russia, Thailand and other countries have begun to implement strict control on it. In addition, the global stock market performed well last year, resulting in the diversion of bitcoin investment funds, and the crazy "mining" activities also rapidly increased the supply of bitcoin, which may lead to a trend of oversupply in the short term, leading to a sharp drop in the price of bitcoin
Prior to that, the regulatory authorities decided to close the exchanges of virtual currency in China. On September 14, regulatory rumors finally came to the ground. Just now, bitcoin China, one of China's three major virtual currency trading platforms, announced that bitcoin China would stop all trading business on September 30
according to public information, bitcoin China is the longest operating bitcoin trading platform in China, which was established on June 9, 2011. Affected by the news, bitcoin, lightcoin and Ethereum all fell sharply
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. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended 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. Investment is risky, so we should be cautious when entering the market
response time: February 2, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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the attack on bitcoin has also affected other digital currencies. However, the situation is getting better and better recently. We should be able to withdraw money soon. The regulated bitcoin trade is also more reassuring.
On October 10, bitcoin China, one of the three major bitcoin exchanges in China, announced on its official wechat account that it would stop the cash withdrawal business at 12:00 noon on October 30, Beijing time, and ask users to reflect it as soon as possible
bitcoin China has previously turned off the digital assets and RMB recharge function at 12:00 noon on September 27, and turned off all trading functions at 12:00 noon on September 30. The other two big bitcoin exchanges in China, Huo coin.com and okcoin.com, which are headquartered in Beijing, will stop trading all digital assets into RMB before October 31, and the work of clearing their funds and assets is also in progress
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.
At present, it is certain that its price will continue to increase. After all, there are many financial institutions supporting the stability of the currency price
there are too many uncertain events in 2020, such as epidemic, "3.12", WiFi, filecoin main network delay, US presidential election, etc., while the certain events include Ethereum 2.0 online, bitcoin price rise, etc
why is the rise of bitcoin price a deterministic event
This is undeniable, so it has become the most certain thing at the beginning of 2021. At present, it is certain that its price will continue to grow. After all, there are many financial institutions supporting the stability of the currency price< br />