Bitcoin breaks $10000
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
If you use three words to describe the latest bitcoin, it can only be three words & quot; It's going crazy;. On February 19, the price of bitcoin reached a high of US $56000, with a total market value of US $1 trillion{ RRRRR}
coupled with the global popularity and high liquidity of bitcoin, long-term holders believe that bitcoin is an ideal medium for long-term wealth storage and will appreciate over time
how does bitcoin work? In the bitcoin system, the way money drives is not the digital transfer of cash that most people imagine. When Alice remits money to Bob, Alice's process is like recording on the account book that everyone sees that she transferred $1 to Bob. If Carol wants to charge Bob a dollar, she can see from the same ledger that Bob does have a dollar
Yes in the early morning of December 20, the price of bitcoin broke through $24000 , and reached a record high of $24156. Bitcoin is up 24.65% this week and 233% this year
According to Kang Lu, senior analyst of fire currency, the unilateral rise of the market is not a healthy performance of the market, but a certain correction of the market is a healthy performance of the market. Kanglu believes that the market will not continue to rise, and breaking the new high does not mean that the market will continue to rise all the way, but it will have a strong impact on the psychological level of investors, and the market may form a certain buying consensus According to the securities times, on Friday, the U.S. Treasury proposed new regulations on digital currency regulation, requiring some cryptocurrency dealers to provide information about their identities in order to curb the use of this new technology by criminals for anonymous asset transfer. The proposal has 15 days for public comment. Affected by the news, bitcoin once fell by about $200 in the short term, breaking through $22880, but soon recoveredit is learned that the new regulation mainly aims at allowing the holder of the unique digital key to store the cryptocurrency and trade directly with others without going through the accounts of financial institutions. This kind of account usually exists in the form of U disk, computer or mobile phone software
such accounts are usually not associated with an indivial's name and address, and regulators believe that compared with the banking system, cryptocurrency is more attractive in the eyes of criminals and money launderers
under the new rules, banks and cryptocurrency trading platforms will have to keep records of customers' cryptocurrency transactions and counterparties in any transaction over US $3000 to verify their identities. According to the U.S. banking regulation called "travel rule", financial institutions must share specific information when transferring money to each other
in addition, banks and digital currency trading platforms must report to FinCEN every 15 days any cryptocurrency transactions involving unmanaged wallets and exceeding US $10000
Article 2, pyramid selling refers to that the organizer or operator's development personnel seek illegal benefits by calculating and paying remuneration to the developed personnel based on their number of directly or indirectly developed personnel or sales performance, or requiring the developed personnel to obtain the qualification of joining in the condition of paying a certain fee, Disturbing economic order and affecting social stability< Article 7 the following acts belong to pyramid selling:
(1) organizers or business operators, through development personnel, require other personnel developed by the developed personnel to join, and calculate and pay remuneration (including material rewards and other economic benefits, the same below) to the developed personnel based on the number of personnel developed directly or indirectly, so as to seek illegal benefits
(2) the organizer or business operator, through the developer, requires the developed person to pay fees or pay fees in disguised form by way of subscribing for commodities, so as to obtain the qualification of joining or developing other persons to join and seek illegal interests
(3) the organizer or business operator, through the development personnel, requests other personnel developed by the development personnel to join, forms the relationship between the upper and lower line, and calculates and pays the online remuneration based on the sales performance of the lower line, so as to seek illegal interests.
Bitcoin is virtual currency. The value of its existence can be linked with the blockchain
bitcoin has been used for various illegal purposes, but this is not the original intention of Nakamoto. In addition, bitcoin also has certain uses in payment and remittance, smart contract, information disclosure, speculation and other fields. Especially in terms of payment and remittance, bitcoin, as an internet currency, can achieve barrier free global cross-border transactions anytime and anywhere as long as there is Internet. Moreover, the handling charge is extremely low, and international micro transfers can also be easily reached. Therefore, the fundamental source of bitcoin price is the value of bitcoin, and the value comes from its use
“ To put it bluntly, bitcoin has the advantages of low handling charge and anonymity. Make people like this kind of virtual currency, know more people, its value will go up& rdquo; This is what David Smooke, founder of hacker non, said. As a value storage asset, bitcoin has certain advantages and potential
it's just drumming
to understand bitcoin, first of all, we need to know why bitcoin is valuable. Under normal circumstances, currencies that are not issued by the state do not have circulation value . However, bitcoin has some value because it is extremely difficult to obtain it after it is discovered. If we want to play bitcoin well now, Then you must be with the right big brother
If you want to go any further, I would like to advise you that the sky is never full of pie, but the ground is always full of traps. Don't dream of becoming rich overnight. Be careful to pay for all your wealthYesterday, bitcoin prices on multiple trading platforms around the world broke through the $10000 mark in the Asian market. Bithum bitcoin, South Korea's largest trading platform, offered $10176.4 at 9:55 Beijing time on the 28th, according to data from coinmarketcap. In addition, South Korea's bitcoin trading platforms coinone and korbit, Africa's largest bitcoin trading platform luno, Turkey's trading platform paribu and bitcoin Indonesia's trading platform quoted between us $10061.60 and US $12045.80. Most bitcoin exchanges around the world are priced between $9500 and $9700. According to the third-party platform coinmarketcap, the price of bitcoin was only $972.95 at the beginning of this year, and now it has exceeded $10000, up 927.8%
among them, tobam, a French asset management company, recently announced that it will launch a bitcoin linked public offering fund. Okex believes that investors are already interested in this and expects the fund to expand to $400 million in the next few years. The Chicago Mercantile Exchange Group has also announced that it will launch bitcoin futures in the fourth quarter of 2017. JPMorgan Chase, which has been singing down bitcoin before, also said it would consider helping users trade bitcoin futures. This series of actions of major institutions has greatly improved bitcoin's global popularity and recognition, greatly enhanced investors' confidence and pushed up the price
3. Significance of the times
this "currency reform" is not only a progress in the form of Chinese currency, but also a modernization of Chinese currency, which is in line with the trend of historical development, and promotes the formation of a unified domestic market. The implementation of the legal currency policy not only stabilized China's foreign exchange price, but also strengthened the national government's financial control over the whole country and strengthened its ruling power.