Bitcoin crash risk
On April 18, it was reported that the price of bitcoin had soared for a time, once exceeding US $64000. Today, bitcoin suddenly plummeted, once falling by more than 15%, the price fell below US $52000 / piece
for the sudden collapse of bitcoin, some analysts in the instry believe that it may be affected by the latest news that the US Treasury Department has accused several financial institutions of using cryptocurrency to launder money
affected by the sharp fall of bitcoin, other digital currencies have declined to varying degrees. Ethereum plummeted 20%, coin an plummeted 17%, reborn plummeted 26%, and even Musk's favorite dog coin plummeted 19%
extended data
experts said that the slump is a normal phenomenon:
"in fact, the slump of bitcoin is just a normal phenomenon in the market." First of all, bitcoin itself is a kind of high-risk emerging asset, and its daily price fluctuates a lot, and it is often prone to sudden rise and fall, Li William, chief researcher of Ouyi okex Research Institute, told reporters. Secondly, from an empirical point of view, the withdrawal in the bitcoin bull market is about 33% - 66% of the basic trend direction, lasting for a week or several weeks
according to him, even though bitcoin has entered a bull market since January 2021, with a cumulative increase of nearly 2 times, it often falls sharply, with the biggest daily drop of more than $5000 for at least 7 days, and the biggest daily drop of more than $10000 for two consecutive days on February 22 and February 23
William Lee further said, "from the fundamental point of view, this round of bitcoin slump also has regulatory impact. On Friday, Turkey's central bank banned the use of cryptocurrency and cryptoassets for payments, citing possible "irreparable" damage and trading risks. Shortly after the news, bitcoin fell about 4%. For investors who have entered the market early and hold a large number of bitcoin chips, they have made a lot of profits at this time. In the case of unclear supervision in the future, it may be the best time to choose to sell bitcoin and leave the market, which triggered a subsequent slump. "
personally, I think it has something to do with economic development, but it has more to do with people's blind following
for those ordinary investors with poor psychological enrance, it's better not to touch bitcoin investment, because bitcoin's sudden rise and fall are very normal, and there is no rule to speak of. If you have poor risk-taking ability, it's better not to participate in the bitcoin investment process
the sharp rise and fall of bitcoin is very exaggerated
at the beginning, bitcoin was only a few dollars. Now, in April 2021, bitcoin has reached a record high of $64000. This figure is very exaggerated. It can also bring many people the dream of becoming rich overnight. Of course, we should also see the huge risks behind the sharp rise of bitcoin, because the sharp rise and fall of bitcoin are very exaggerated{ RRRRR}
Bitcoin today plummeted to less than $50000. It can be said that this thing is the myth of B circle. It rose very fast in just four months, from less than $20000 to more than $60000. it rose very fast in just more than four months, but it also fell very fast, from more than $60000 to $50000 in just a few days{ RRRRR}
now there is a new coin circle myth, that is, dogcoin. It is said that dogcoin has increased by 400% in the past year. Although it can't compare with bitcoin, it also has a large range. If you choose to buy it now, it may make you a lot of money, but it may also make you lose money, whether you want to buy it or not depends on your own opinions on it. It's risky
watch knock: because the watch is exposed most of the time in the process of wearing, it is easy to knock other hard objects when walking. If you accidentally knock or fall on the watch in daily use, it may lead to the movement gear and other parts of the watch loose, dislocation and other situations, which will also lead to the mechanical watch to stop stealthily
hairspring problem: hairspring fault is also one of the reasons for the mechanical watch to stop stealthily when it is running normally. As mentioned above, the watch stops stealthily e to insufficient activity, and if the activity is too large, the winding will become tight for a long time and cause the winding mechanism failure. It can also cause a lack of motivation
Cheng tiger Royal watch maintenance service center is located in room 05, 24 / F, sac Sichuan aviation Plaza, no.6, Renmin East Road, Jinjiang District, Cheng, Tel: 028-62780618
In just 10 days, bitcoin has been in two crash market< every time bitcoin goes up and down, it increases the risk of speculators on April 23, bitcoin plummeted for the second time. In a single day, more than 500000 people burst their positions, and more than 20 billion yuan of funds disappeared
"bitcoin starts serial killing." A person in the instry said that according to the fluctuation of bitcoin, unless there is no leverage at all, the assets of those who are leveraged will be destroyed, and whether they are short or long, the lack of collateral will be forced to level off
bitcoin, with its high popularity, has also caused many voices recently. In April 25th, Liu Shengjun, Dean of the Institute of financial reform, bluntly pointed out that the bitcoin is utopia and has entered the final stage of "self entertaining" bubble at the 12th anniversary Festival and the financial planners summit. p>
"whether bitcoin will enter the final stage is still unknown, but bitcoin is really entertaining itself. There are at least two risks in investing in bitcoin in the future. First, the emergence of a strong enough digital currency will overturn the rules of bitcoin's game; Second, the change of regulatory rules will deeply affect its market development. " Li Quan commented
relevant national departments strengthen the supervision of bitcoin
at the same time, bitcoin plummeted, a strong supervision storm about virtual currency is also coming
in recent days, the CIRC and the central bank have made intensive voice to strengthen the risk warning of virtual currency respectively. Among them, the CIRC has stressed that it will pay close attention to the new risks under the banner of blockchain, virtual currency and debt service, and the central bank will also strengthen the risk prevention and disposal in view of the new methods and new problems such as using virtual currency and blockchain technology to evade traceability
above refer to China Youth Daily - ten days, 26% bitcoin bubble will be broken? p>
since the moment bitcoin plummeted, the myth of the coin circle has been shattered. People have seen the risk of bitcoin speculation and no longer believe in the myth that bitcoin will rise forever
since the birth of bitcoin, its price has been rising all the way from a few cents to more than 60000 US dollars. Some investors even believe that bitcoin will continue to rise to hundreds of thousands of US dollars. However, although bitcoin has increased a lot, it has also accumulated risks. More and more people burst their positions in the process of hyping bitcoin, resulting in the loss of money
First, bitcoin prices plummeted, increasing the risk of speculation< p> The price of bitcoin has plummeted, from more than $60000 to less than $50000, which has caused many people who speculate in bitcoin to burst their positions. These people not only failed to make money by speculating in bitcoin, but also lost a lot of moneythe sharp drop in the price of bitcoin actually proves that the risk of speculation behind bitcoin is increasing. Many investors want to be safe and don't care about the future price, so they sell bitcoin, which leads to the decline in the price of bitcoin in the market{ RRRRR}
the myth of bitcoin collapsed in the crash, and people recognized the risks behind it. If you have any other opinions, please leave a message to discuss
as mentioned above, the regulatory requirements for the platform to carry out compliance operation are one of the reasons, which is likely to be that some platforms have been exposed before. Although this move is difficult to have a greater impact on the price of special currency directly, it will cause false prosperity of the market and easily attract investors blindly.