Bitcoin fluctuates in half a year

1. To be honest, I may come into contact with bitcoin later than many of my peers, but I'm one of the quickest people to make a decision to join the instry. I learned from the news that Jet Li's one foundation was grateful to the enthusiasts who donated bitcoin. After less than ten minutes of thinking, I immediately decided to put down 90% of the projects I had completed and devote myself to this instry with incomparable prospects. I am a technology controller. Although I am not well-known in the Internet instry, I have operated no less than 10 it projects, and have cooperated with or established 7 companies. Among them, there are also successes and failures. The only instry that has not been involved is group buying, because I thought from the beginning that group buying deviated from its original appearance and would not be a very promising instry. But after learning about bitcoin, I feel that I have found a window, a window to the palace of ideals, a way to change the world. Today, I still insist on my choice, but the real use value of bitcoin in China is rarely reflected except for its speculative property. After multi-party analysis, I think the short-term downward trend is irreversible. Let's list the following factors that cause the price of bitcoin to fall:
first, the excessively free market - the copper price killer
bitcoin is born for freedom and lives for freedom, which has created a group of bitcoin fans who are crazy about pursuing freedom. The decentralization of the bitcoin exchange has been rampant for a time. The current situation of no supervision of the bitcoin exchange is obvious to all, and it can not be solved by itself, such as the forever anonymous dark village, the disorderly competition of mining machinery, etc. these important factors that are often ignored by people are also important drivers of the price drop
just think of the capitalist social system in the early days. People had great expectations and perseverance. They could sacrifice their lives for freedom and cut the rope on puppets at all costs. During the transition from feudal socialism to capitalism, people were like holding on to the water for several generations, suddenly came out to breathe fresh air, and no one was allowed to press themselves into the water again, The result is a social system of excessive freedom. The result of excessive freedom is that once someone obtains certain resources and social advantages, he can quickly devour everything around him like a black hole, forming a monopoly and giving birth to an oligarchy. They don't care about other people's lives, just like gladiators. If you lose, you have to bear all the consequences; If I win, I can enjoy some honor. But after all, oligarchs are a minority. Society is made up of thousands of ordinary people, so the system made up of people must be unstable and unreasonable. Therefore, modern capitalist society has learned to compromise. After learning from many advantages of capitalist society at that time, it is found that there are anti-monopoly laws, various anti-commercial bribery and other daily laws for proper supervision, In order to effectively delay the outbreak cycle of the financial crisis
the reason why so many words are used to describe capitalist society is that bitcoin has too many similarities with it. A brand new financial system does not depend on specific institutions or indivials, but also depends on all participants. With it, we can eliminate all external influences and keep our wallets. It's a great idea, but what about the reality? Holding a large amount of bitcoin, amzhuang can control the price of bitcoin. In the capital market, 1 billion yuan is only a very small amount. For the bitcoin market, it is enough to control the price rise and fall of any exchange, back and forth volatility, commonly known as "fleece". Easier said than done, as like as two peas in the market, you will be able to control the bitcoin in your hands. But you have to be in the market. For these makers, they can benefit from the ups and downs, because in the trend of the rising market, they will increase ring each shock period, and fall more every time the market falls. At the top of the pyramid, there are always only a few people
after more than a year of communication with players in the instry, we found that those who are still left behind are either deeply covered or persistent believers. Even if they are covered, only a few of them are entities. Most of the left behind are pure it houses, and they blush when they meet. Most of them have no financial experience, even few of them have speculated in stocks, so they are in shock, It's certain that Xiaosan will be injured< Another important factor is that, like stocks, the amount of cash in circulation is far less than the total value. Although several exchanges have not announced the amount of bitcoin and the total amount of RMB assets, it can be concluded from the data of mtgox's bankruptcy that the amount of cash announced by mtgox is US $40 million, Bitcoin is worth US $450 million, reaching a staggering 1:11. According to my preliminary understanding, the general comparison of domestic trading platforms is between 1:3 and 1:6, which is slightly better than mtfox, but it is also enough to illustrate the problem. Once the bear market comes, the power of shorting is far greater than that of long
although the stock market did not rise sharply last year, many people did profit from the stock market and attracted many of the few users who swayed between the stock market and bitcoin. Many of the professional investment users and deep-seated users who benefited from bitcoin also left the bitcoin instry for various reasons. The big reason is that for bitcoin, They think that in addition to speculation, it is a game played by technical talents. Although this is a misunderstanding, let's think about it from another perspective. If you are an investor outside the IT instry and face the world's largest trading platform, you will go bankrupt if it goes bankrupt. If bitcoin is stolen, it will be stolen without supervision and responsibility. What would you think? Therefore, the reason for today's situation is that the number of bitcoin has not decreased, but the capital is decreasing. Although there are many foreign advantages ring this period, the domestic situation has been declining. This is an indisputable fact
with the decrease of funds, long has lost enough momentum. The reason why there is no sharp decline is that there are still a number of bitcoin loyalists. Some of them have been engaged in bitcoin for several consecutive years, and almost every year they have to experience a similar slump. Therefore, they still firmly believe that this year is just a repetition of the market rules of previous years, and the final price will rise; Of course, I personally believe that in the long run, the trend of bitcoin will go up, but is it half a year or three to five years? I'm really not sure, because the biggest constant in the world is change. As the saying goes, the flowers are similar year by year, but the people are different year by year. The past experience may not be applicable to the present< Third, domestic policy - gold price killer
I don't know if the Americans have understood that it was not Japan, the United States, Europe, but China that decided the price of bitcoin in 2013. Made in China used to be a headache for foreigners. Now, they also realize the power of China's speculation. China's real estate speculators are like locusts everywhere they go. At present, China's speculators are also rapidly overdrawn the growth value of bitcoin. China, which has 80% of the world's trading volume, explicitly forbids the value of bitcoin as a medium of exchange, so it has no real value in China except for speculation
I believe that the world's understanding of the power of Chinese speculators in bitcoin began with the documents of five ministries and commissions, because before that, almost no organization participated in the international bitcoin conference. After that, many foreign media swarmed in, professional and unprofessional media came. This time, although the documents on April 15 have not been confirmed, the financial times interviewed bitcoin in advance, which shows that they recognize the power of Chinese speculators
why is an Internet proct that started in foreign countries so influenced by China's policies? This is not its main application place, which just reflects that the price of bitcoin is seriously out of its actual value line, artificially pushed up and overdrawn its value. In my opinion, without CCTV's report and China's participation, it would have been good for bitcoin to have a price of more than 1000 last year. It was also e to excessive attention, which created the fastest five ministerial documents in history< 4. Crazy miner - the ultimate price killer
the computing power of bitcoin miner has increased from 1p at the end of last year to more than 30p now. In less than five months, the price of bitcoin miner has dropped from 6000 to 2700 today. In other words, the number of miner has increased dozens of times, from CPU to motherboard, power supply, power supply, etc The chassis and processing costs are all paid in RMB. Just imagine how much cash flow the mining machine has taken from the whole bitcoin ecological chain. Once the cash flows into the hands of TSMC, motherboard factory and others, it will never be kept back. This is also the result of disorderly competition, once profitable, the number will never end! It is said that Shenzhen proces 90% of the world's computing power of mining machines, and each time the chips are streamed, the chips are less than 3.5 million, more than 20.3 million, not to mention the whole machine. A mining machine manufacturer I know in Shenzhen club said that he sold 1000 USB mining machines a minute, which shows the madness
to sum up, all aspects have exerted pressure on cash flow, so the continuous decline of bitcoin in the short term is caused by many reasons. Even without the 4.15 document, I believe a continuous decline process will be formed. As for the bottom, it depends on the belief of those who still hold fast to it and when the crazy mining machine will not continue, And the actual application of bitcoin in foreign countries
those who played with stocks in 2008 may find that bitcoin shares a striking resemblance to the price trend of stocks. If bitcoin goes up from 2000 to 5300, any good news, even an additional issue, will make stocks soar all the time. After that, although the stock surged to the highest point, the downward trend was like "defeat like a mountain". Any bad news would cause a decline. Coupled with the excessive issuance of new shares and serious overdraft of market cash, the a share once fell back to about 1600 points. Although it rebounded to more than 3000 points, it would still jump to about 2000 points. After several years of shock, it did not improve
bitcoin plate is small and easy to rise and fall. However, if the retail investors are excessively injured, bitcoin's loyalty can only be powerless to let bitcoin rise. The false rise of the makers will face a lot of market capital pressure and can only follow the trend
at present, there are several companies in the whole instry that can support short selling, such as fire coin, China bitcoin and okcoin, which also aggravates the dection process
of course, I am still very optimistic about the long-term development of bitcoin, but I really can't see how to break the current deadlock. The purpose of this article is to provide some personal opinions for the majority of small businesses. Maybe you are more in-depth and complete than I think, but finance is nothing more than that

2. It is a kind of risk asset, which will fluctuate naturally, mainly in financial attribute

3.

After the end of February, on March 11, bitcoin reached a high of US $57000 again . At about 3 a.m. on March 11, the price of bitcoin surged to more than US $57000, up to US $57200, the highest in nearly two weeks, according to coinmarketcap

However, the price of bitcoin continued to decline. As of press time, the latest price was $55296, up 3.13% in 24 hours, with a market value of $1 trillion

previously, at the end of February this year, the price of bitcoin broke through 57000 US dollars, once a record high, and even the price of indivial trading platforms has jumped to more than 58000 US dollars. However, in the following days, the price suffered a big plunge, falling to US $43000 at one time

extended data

reasons for the recent rise of bitcoin:

"this round of bitcoin bull market is the proct of high inflation expectations. Some time ago, when the yield of 10-year U.S. Treasury bonds rose rapidly, the market believed that the monetary policy of the Federal Reserve would change faster than expected. It was predicted that the Federal Reserve would rece the purchase of bonds in advance, and even increase the interest rate earlier. In this context, bitcoin has plummeted. " The chief researcher of Ouyi okex Research Institute told the reporter of Securities Daily

"the recent rise of bitcoin is e to the fact that the market has stepped out of the haze of the previous period and the rising expectation of medium and long-term inflation." The above-mentioned researchers believe that it is mainly based on the following factors:

on the one hand, the Fed's statement on the yield of 10-year Treasury bonds has dispelled the market's concern about the change of monetary policy, and the market's inflation expectations have been revised

on the other hand, through the US $1.9 trillion economic rescue plan, this economic stimulus plan will stimulate the growth of social demand, push up commodity prices, and raise global inflation expectations for a period of time

4. Bull over the stock market

5.

Although bitcoin has been around for a long time, it is still far from being popularized. The obstacles encountered include technical obstacles, price instability, preferential tax policies and government departments do not expect data tokens that will not be controlled to compete for their initiative in financial policy or financial system supervision< there are numerous cases of illegal use of bitcoin, including money laundering and tax evasion. Some governments have taken tough action

the long-standing debate on scalability has led to a great collapse in the bitcoin cell. First, there is a bitcoin cash hard bifurcation. In November 2020, the internal contradictions of bitcoin cash community also reached the peak, and then caused another hard bifurcation & ndash; Bitcoin SV< bitcoin is obviously a depressing data signal for those digital currency investors who are likely to want to jump ship

6.

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

7.

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>

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9. Today, my cousin and I went to Xinhua Bookstore to buy books
there are so many books here
I finally found two books, one is chocolate summer vacation, and the secret of the ocean and the universe. After selecting the books, I looked at my watch and found that it was still early
my cousin and I were in the same place. We sat down and read two books. They were "super class 4 forever" and "complete works of celebrities". Time passed quickly. It was more than 12 o'clock in the blink of an eye. My cousin took me to pay. My cousin and I just got on the bus and went home!

10. In actual use, there is no difference under the default frequency. In terms of overclocking, Samsung's physique is a little better, but it is not universal. After all, no one has ever used more than five cores of different levels, and then made a horizontal comparison between Samsung's and Meguiar's graphics cards. Therefore, these statements are possible, not certain.