Supply and demand elasticity of bitcoin
In terms of technological innovation, people who know blockchain are very supportive; About the future trend of bitcoin, as the earliest blockchain proct, it has been basically in the market. As for how big a pie there will be in the future, you can see my share
[John McPhee, the head of IBM and the board of directors of PayPal all predict that bitcoin will reach $1 million]
in recent days, the market has slowed down temporarily. However, this has not deterred investors. As previously reported, although some bearish pressure is forming, bulls have responded well and kept prices stable
since bitcoin failed to break through $5450, bitcoin bulls have kept the price above $5000. Recently, after a stable weekend, there was almost no report on the price trend, and the market rose appropriately. Now all attention is turning to $5200 as the next key target, and finally retesting the resistance level of $5450
as of April 15, the marginal revenue of bitcoin was less than 2%, and the transaction price was $5160. Earlier in the day, it had risen to a high of $5193, but failed to reach the target of $5200
Then bitcoin fell back to US $5157. The high degree of stability and flexibility that bulls maintain and push prices up shows how strong the current bull market is. As long as bitcoin can remain above $5000 and avoid a sharp correction, the bullish trend will continue to get more support and push prices higherthe price of bitcoin (BTC) will reach $1 million
a few weeks after PayPal first invested in blockchain technology, its latest board of directors made a bold price forecast for bitcoin. Wences Casares, a member of PayPal's board, said bitcoin could reach $1 million in the next 10 years. IBM blockchain & amp; Jesse Lund and John McAfee, directors of digital currency, have also made such predictions, which many believe are overconfident
in my (subjective) opinion, the chance of success is at least 50%. If bitcoin really succeeds, a bitcoin could be worth more than $1 million in seven to 10 years
the growth of bitcoin has driven Shanzhai coin
with the rise of bitcoin, most Shanzhai coins are also rising. Although the income is relatively low, most Shanzhai coins have about 1% to 4% income, but this growth is likely to continue
before the deadline, lightcoin's LTC was one of the best performing currencies. In the past few weeks, the performance of this coin has been extraordinary, which seems to determine the price trend of Shanzhai coin again
XRP and eth are also on the rise, but the marginal returns are 0.30% and 1.26% respectively. XRP's short-term goal is to return above $0.33, and its long-term goal is above $0.4. On the other hand, ETH hopes to climb back to more than $170, becoming its next target, and its preferred position is more than $190
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.
in the short term, bitcoin rose to more than US $58000 / piece, and there is no limit on the rise and fall of bitcoin, because bitcoin is traded according to the financial proct model, and there is no limit on the rise and fall of foreign stocks, so there is no limit on the rise and fall of bitcoin
bitcoin, as an emerging instry, is sought after by many people. Bitcoin's unique blockchain technology may become the wind outlet in the future, which makes bitcoin, which is dependent on blockchain technology, sought after by more people. Bitcoin rose in the short term, rising above US $58000 / piece. There is no limit on the rise and fall of bitcoin, because the trading mode of bitcoin is the same as that of stocks, and there is no limit on the rise and fall of foreign stocks. The main reason why bitcoin has no price limit is that in order to connect with the world and become a world circulation proct, the rules must also respect the principle of financial procts
Third, there is no price limit for bitcoinI think this is a very normal thing. Valuation is originally determined by the market. Different people have different valuation methods. The fluctuation only reflects the change of valuation. This is also a game between people. There is no limit on the rise and fall, which can better reflect the valuation of things. This is a good trading mode, which is also the mainstream trading mode in the world
we can all understand the price of bitcoin, a mining machine, because ring the epidemic period, the price of bitcoin was adjusted to varying degrees,. So when it comes to the current situation, many people will think that such a thing is very good what we can see is that the price of bitcoin has increased correspondingly, so the price of one of its mining machines has also doubled to varying degrees. At the same time, the overall demand for mining machines is still very large, Now we are faced with a situation in which supply and demand are seriously less than one demand. Many people are surprised by the emergence of such a situation{ RRRRR}
so that is to say, if you can go there, you have to have a corresponding understanding of bitcoin's current operation. Its overall operation condition is still very hot. It can be seen from the storage that it shows a situation of being sold out as a whole, which is also what you can understand< So we can see that bitcoin is still developing very well
bitcoin has not experienced big ups and falls for several days, and it may have much to do with the bubble of the market. Tesla's float is up to 990 million US dollars, or about 6 billion 400 million yuan. Some people really like this price, while others worry about it. After all, some people have made a lot of money in bitcoin, but some people think that the bubble will always be broken. The high price now does not know what will bring serious consequences. p> Third, the price of bitcoin can not be sustained< p> JPMorgan team believes that bitcoin's surge since January this year seems to be more affected by speculative capital flows. Analysts at the bank pointed out that in the past five months, the total institutional inflow was only about $11 billion, but the market value of bitcoin increased by about $700 billion. According to Xinhua news agency, JP Morgan believes that from the perspective of risk assets, the reasonable price range of bitcoin is $11000 to $25000. The price of $25000 has reflected the long-term acceptance of bitcoin by institutions, and the current price of more than $50000 is unsustainable
In fact, there is one more detail that we need to pay attention to, that is, the price of bitcoin has been directly reced from US $60000 to US $52000, and countries have directly indicated that they will strengthen supervision. Before that, you should know that the price of bitcoin soared from more than 10000 US dollars to 60000 US dollars. It's boring. Why didn't the regulators of various countries directly intervene in such a long period of time? So today we will discuss the factors that affect the fluctuation of bitcoin{ Third, the confidence of consumers or investors
in the past few months, bitcoin's long-term success is that the manual has brought her a high degree of popularity, and at the same time, its price has gone up by leaps and bounds. But everyone is tired. After seeing some information about bitcoin for a long time, we are not very interested. The visual impact of tens of thousands of dollars has lost any freshness. In this case, everyone's investment enthusiasm for bitcoin will naturally decline, which will lead to its price decline