Bitcoin bear market 2018
if the cryptocurrency exchange is the largest bitcoin warehouse, people may not be surprised. 6.7% (about $9.8 billion) of bitcoin currently in circulation are held by cryptocurrency exchanges however, more interestingly, despite the long bear market, the bitcoin reserves of these exchanges have been increasing no matter "up or down"
in the past two years, BTC inventories of eight exchanges including Kraken, bitstamp and binance have increased steadily. This is in sharp contrast to the volatility bitcoin has experienced since March 2017. These largest bitcoin holders continue to have confidence in the cryptocurrency market and continue to increase their share regardless of market conditions
if you imagine yourself as a big fish in an infill pond, it may become easier in the future. As bitco reported a few weeks ago, the number of BTCs you need to be a whale may change over time. If you believe in some theories, holding a bitcoin may give you enough power to influence the market
although others disagree, they point out that one of the 21 million bitcoins is very "insignificant". So no matter what the situation is, no matter how many bitcoins you have, keep a positive attitude
Since January, the real supervision has not come, only a few ambiguous scrapes have come, the exchange is still there, the project party has not gone, the media of the office is getting better and better, and the related instries are also sleeping day and night. But the bear market has come. It seems that it is unwilling to go. It went down in January, fell in February, and was sluggish in March. Many people cry out that it is a pity to abandon them. They are very surprised. Some people say that the 2014 bear market will repeat itself, while others say that the past is good and we should hold on. We might as well think from the following angles and get our own answers
"bitcoin is the vane of the digital money market. The rise and fall of bitcoin price determines the heat of the overall market and the ability to attract external funds. Therefore, we mainly discuss bitcoin and other mainstream digital currencies."
Like the development and prosperity of the stock market, the game of multi countries will become the theme of the future. Investors will also become more rational, and graally rece the weight of policy in the face of digital money marketWhere will ICO itself go and what will the currency of investment be
answer: as a means of financing, ICO is more efficient than IPO and more fair in the distribution of profits. Of course, its own limitations will also limit the development of this financial instrument. ICO and IPO will exist for a long time in the future, serving different instries. Whatever is suitable for token will promote the development of ICO, as well as in policy. IPO will not disappear, because it is more in line with the existing legal framework, in line with international standards and other first mover advantages will support him to continue to maintain the financial channel of related instries
By midday, bitcoin had fallen to around $10700. Bitcoin's previous attempt to break through $12000 failed, and yesterday's downward trend continues to this day. As a result, the cryptocurrency market fell, with 90 of the top 100 currencies falling
in the past 24 hours, according to the okex platform, the net outflow amount of bitcoin reached 638 million yuan, and according to the currency security data, the net outflow amount of bitcoin reached 152 million yuan. Although the capital outflow in the past 24 hours is relatively large, it has decreased compared with yesterday's capital outflow, and bitcoin has hit the bottom of US $10600 for many times in the past 24 hours. However, in terms of trading volume, there is strong support in this position. After that, we still need to observe the withdrawal of funds, so as to confirm whether the market goes up or continues to fall below the down. In fact, the so-called "bear market" in the currency circle is more popular than the "three o'clock community" before. In my opinion, I basically dare to assert that there are makers in the currency circle who have successfully harvested a batch of "leeks" by using some financial means or big men. This view may sound like "conspiracy theory" to many people, But I have to admit that speculators are everywhere in the coin circle. Zhu Xiaohu's warning that "I hope you don't stay in history because you reap leeks to earn money with blood" also has a certain basis in my opinion
the craziest time was in December 2017, when bitcoin reached more than 100000 yuan. Before that, people who invested in bitcoin could make a fortune overnight. At the end of 2017, the price dropped to below 40000 yuan, and there was also a correction in 2018
there are two ways to invest in bitcoin
one is to buy bitcoin directly and wait for it to rise, that is, simply buy it low and sell it high. Judging from the historical data and the popularity of blockchain, there is still a lot of room for bitcoin to rise, but the cost of this investment method is relatively low, and the price of bitcoin fluctuates too much, so although the income of buying bitcoin directly is high, But the risk is also great
the other is to "dig" bitcoin with professional equipment. The total amount of bitcoin is 21 million. mining is the only way to get bitcoin, that is, through a professional computer, which is called mining machine in the instry, to get bitcoin through a lot of calculation, and then sell bitcoin to get income. At present, the price of a mining machine is about 10000, Another problem is the cost of electricity. This kind of equipment consumes a lot of power and needs 24-hour uninterrupted operation, so after a long time, the electricity cost is not a small cost
at present, there are many people engaged in mining, mostly in the form of mines, finding cheap electricity for centralized mining to rece costs
every day will generate income, the highest is more than 200. In addition, the fluctuation of the currency price has little impact on the mining, because the bitcoin can be sold at any price. Even if the price of the coin is low, it can be sold after the price rises. Therefore, the investment income is relatively stable, the risk is relatively low, and the current machine price is also low, There is no threshold for investment, so it is a good opportunity for investment
According to the current market, mining income is not high, and even some retail investors have caused losses, but it is difficult to lose money in large-scale professional mines. Mining requires the cost of machinery and equipment and the cost of electricity price. With the decline of bitcoin market, the cost of machinery has been reced again and again, and the electricity price in large mines is also extremely low. Therefore, the income of mining in large mines will be higher than the cost for a long time in the future, and the income will be higher after the price of bitcoin risescompared with self built mines, it has certain advantages to invest in mining machinery trusteeship business. Firstly, the time cost is saved to a certain extent, and the mining business can be started immediately. Secondly, unnecessary expenses, such as labor cost, are saved. Since the custody business concentrates the mining machines of multiple investors in one mine, the labor cost is shared by all investors. Finally, there are cheaper electricity prices. The ultimate goal of hosting enterprises to carry out mining machinery hosting business is to make profits. If they can not get lower than the normal electricity price on the market, it is difficult for hosting enterprises to make profits. Of course, the electricity price given to investors will also be lower than the normal electricity price on the market. Another important advantage is that some trusteeship enterprises are able to cash the virtual currency g up by investors' mining machines directly, which also relieves some investors from the worry that they can't cash the virtual currency
is mining profitable or not? There are several factors affecting the mining income: first, the currency price. The higher the currency price, the more profitable the mining. The second is the difficulty. The slower the difficulty rises, the more profitable the mining will be. The lower the cost, the more profitable the mining. Of course, the cost here refers to the purchasing cost and operating cost of computing power, including labor, network, construction, electricity and so on. The lower the cost, the better. Mining needs to deal with the risk of currency price plummeting, mining difficulty soaring, and mining costs rising. At present, the risk of mining currency speculation is much smaller
now the currency price continues to fall. Some people say that it's better to buy money directly than to buy a miner. In fact, it's not the case. Buying money must bear the risk of currency price falling, and the risk and income coexist, while buying a miner is to "protect the income from drought and flood" and keep the value of money rising; In the absence of rich market experience, the decision to buy money is only the choice of speculators
If you go back to seven years ago and choose a new investment opportunity, you will choose to invest in stocks, and then wait for the 15 year bull market to multiply your assets; They may also invest in real estate, and then wait for the real estate outbreak in 16 years to double their assets. However, if we chose to invest 10000 yuan in bitcoin seven years ago, we could sit on 66.2 billion yuan in 17 years, a rise of more than 6 million times
as we all know, the currency market in 2018 was a tragic year. At the beginning of 2018, the price of bitcoin was at the highest level in history, and the concept of blockchain began to heat up. A lot of people who originally belonged to the outside circle swarmed in to participate in entrepreneurship, employment and money buying. The prospect of the currency market seemed to be very good. Later, as we all know, as the price of currency fell again and again, the newly established blockchain media fell down one by one, and those new people who followed suit to buy currency were trapped in a high position to discuss; Bitcoin& ldquo; Blockchain & quot; There's less and less sound in the room. The coin ring gives these new comers a sense of cruelty
More than 90% of the people are trapped here, and faith is a very strange thing; Like the queen in the last kingdom of American TV series, the Danes gather to attack, she still says & mdash& mdash; God will punish the infidels and calm downlast year, all digital currencies and ICO platforms were shut down in China, and all countries in the world have put restrictions on them. At this time, few ordinary holders are willing to sell, and they basically hold them. This requires great determination, life problems, currency speculation problems, all kinds of problems may cause no longer hold; These problems cause a lot of trouble, so many people do not live well. After half a year, the instry that countries all over the world have entered is & lt; Blockchain & quot; And digital currency! In the game of blockchain, many countries have made some moves, and the holders are also on the sidelines
The soaring price of bitcoin leads to the shortage of chips. I think there is a certain connection between the two. Because bitcoin itself is a kind of virtual currency, which can be g. It is simply understood that you can crack the password of bitcoin through infinite attempts, crack a password, crack a key, This bitcoin is nominally yours, you have the right to trade. Now that the price of a bitcoin is so high, there are many people going to mine{ RRRRR}
now is not the time for retail investors to invest in bitcoin, and mining also has economic power. Now, the price of graphics card is so expensive that ordinary people can't afford to play with it, so don't think about it. Even if the price rises very fast, you can see the popularity is very high, and you think you can make money after you buy it. In fact, it's not like this, You can't predict that the price of bitcoin will double from three months ago to now, or triple from six months ago to now. Since it can rise so fast, who can guarantee that it won't fall back in the next six months? The risk is too high. Obviously, it's not a good choice for investment
Stars emit light and heat by fusing lighter elements into heavier ones. All kinds of nuclear fusion reactions take place in stars all the time, the most important of which is the reaction of hydrogen fusion to helium
in stars with different mass, the reaction path of hydrogen fusion to helium is also different. In smaller stars, the fusion reaction of hydrogen nuclei takes place through proton proton chain reaction. The process is shown in the figure below
whether it is to split the iron core (fission), or to continue to increase the weight of the iron core (fusion), we need to increase the energy of the iron core. Inside a star, however, there's not enough energy. In this way, the energy generation of the star will stop, and the radiation pressure used to resist gravity will disappear. The star will continue to contract, and the speed of contraction will be faster and faster. Finally, the speed of external matter falling to the iron dominated stellar core will exceed 100000 km / s, but when it reaches the iron core, it will hit an extremely hard "wall", and the speed will instantly drop to zero. The huge kinetic energy will be instantly converted into heat energy, heating the iron core to billions of degrees. The outer layer of the iron core will explode at a very high temperature, exploding the falling material in the outer layer. This process is called "core catastrophe". This is a supernova explosion
at the same time of explosion, under the action of huge energy, a part of iron in the outer layer of iron core will absorb energy and form elements heavier than iron, from 27 element cobalt to 92 element uranium. The iron inside the iron core will press the electrons outside the iron nucleus into the nucleus under the pressure of implosion, and combine with the protons in the nucleus to proce neutrons. All the iron inside is converted into neutrons. When the outer shell is blasted and dissipated into space, the center of the star is exposed and becomes a neutron star with huge mass and small scale
after the stellar matter from hydrogen to uranium dissipates into space, it will mix with the original interstellar matter in space to form interstellar cloud, and form new stars and planets around stars under the gravitational disturbance. This is how our sun and earth came into being. That's how everything on earth except hydrogen and helium comes from
This is the case with nuclear fusion reactions on starswe are all the ashes of a supernova that erupted billions of years ago
According to the latest data, bitcoin fell 15% on Tuesday, and in the early morning of the next day, it staged a cliff dive. The price of bitcoin once fell to the lowest level since March, reaching a low of 7944.33. It is also the first time since June that bitcoin has fallen below the $8000 mark. Compared with early August, bitcoin has dropped nearly 35%. So why did bitcoin fall so badly
some people blame bakkt's unfairness for the sharp fall of bitcoin. bakkt's less listed trading volume is e to the high threshold of participants and the difficulty of trading, as well as the insufficient mastery of the process by banks and futures companies, which is also one of the reasons affecting the market. Of course, the market situation is unpredictable, rising and falling are caused by the comprehensive influence of many factors of the market and macro
According to
crypto cred, this situation may indicate that there is not enough momentum to do long in the market
in addition, crypto cred also believes that the consolidation of bitcoin in the previous three months is a range consolidation, not a triangle consolidation, so once the horizontal support line is broken, the market sentiment will become very pessimistic
crypto cred also pointed out that in the daily K-line chart of bitcoin in September, the closing price of 24 days was lower than that of the previous day, which also showed that the whole trend was developing in a bad direction
Future trend, how to develop< p> Ledger status points out that bitcoin's stepping back into the $8000 or even lower range is likely to prepare for future actionshe believes that bulls need to take back several key positions first. First, bitcoin needs to go back above $8400, which is the 200 day moving average
he explained that if the price of bitcoin could get back to $8400, it could rise rapidly and retest $9400. After that, if bitcoin can further break through the previous integration range, it is very likely to create a new annual high
However, unfortunately, the 200 day moving average is becoming a strong resistance line. If bitcoin fails to break through this position, it is likely to go further down to the low of $6000however, ledger status also points out that even if bitcoin goes further down to $6000, technically speaking, the long-term bullish trend has not been broken. He said,
"I remain bullish for a long time, unless bitcoin falls below its 200 week moving average (currently about $4600 and is still climbing), which marks the bottom of the first two bear markets."
finally, ledger status said that if the price of bitcoin can rebound above the 200 day and 20 week moving average, it will be quite optimistic for the market
up to now, the price of bitcoin is US $8070.5, and the market value of bitcoin accounts for about 67.1% of the total market value of the whole cryptocurrency