How is the bitcoin market now
Generally speaking, the market is at the end of the bear market. The bottom price of bitcoin is around $3000. It is now in the stage of building the bottom of the box
after two times of bottoming, it is now the position of the part. When you ask about the market, you should also want to invest. If you invest, it is suggested that you buy some money now and put it in the market. Now is a good time
if you do band speculation in bitcoin. According to the technical analysis method provided by "ten thousand dollar man", we can still achieve certain benefits, which is much better than going to work
Those people are living a good life now. In the early days, these "tuyere pigs" who played bitcoin earned a lot of money
I. Nakamoto found bitcoin, and now it is fading out of the bitcoin circle
from the moment bitcoin proced value to the sky high price of nearly $20000 gold, bitcoin rose by tens of thousands of times ring this period, which also created a lot of people's freedom of wealth. Most investors love and hate bitcoin. They love speculative property, and they have no limit to the rise and fall. They hate to be unable to analyze the market and make profits in the market
so why is it still suitable to buy bitcoin in 2020
1. The third proction rection
in May, bitcoin reced its proction for the third time. Under the hype of the proction rection market, the third proction rection of bitcoin brought confidence to most investors in the market, but the price did not change significantly
judging from the market, bitcoin is leading the rise of other financial procts under the same conditions. It dropped to $3800 in March, and then rose all the way to about $10000, walking out of the V-shaped reversal
the V-shaped reversal is not easy. After all, the previous market had to be sorted out for several months before going up. This also illustrates the purchasing power of bitcoin in the market
moreover, after halving, the amount of bitcoin g up by the miners has graally decreased. In addition to the lost bitcoin, there are not many bitcoins in circulation in the market, and the bitcoin market is a market brought about by demand. With many external factors, many investors want to use bitcoin for risk hedging, and the liquidity of the market is expanding step by step<
2. Institutions bought a lot
after halving, gray alone increased its holdings of 18910 bitcoins, while after halving, the miners only mined 12337 bitcoins, indicating that the number of gray holdings increased was 150% of the total mining amount of miners in the same period
in addition to institutions, some celebrities have also publicly expressed their desire to buy bitcoin. For example, the author of "poor dad, rich dad" tweeted the reason why he wanted to invest in bitcoin. Before that, he repeatedly said that with the continuous release of water from the Federal Reserve, bitcoin may become a good hedging tool to deal with the current financial crisis
with the entry of specialized institutional teams, bitcoin has been known by more and more people, and its value has also been understood by more and more people< 3. Bitcoin leads the global financial asset growth
the secondary market of bitcoin is huge, with the number of new addresses and active addresses increasing every day. There are many people who know about bitcoin but don't enter the market
the massive entry of foreign institutions leads to the concentration of some chips. In this process, it is not only the transfer of chips, but also the transfer of price rights.
the issue of currency and the economic system are not things we are considering now.
speculative demand is the internal reason leading the soaring price of bitcoin, including disguised exchange, ICO financing and other trading activities. Compared with developed countries such as the US, the relatively loose regulation of special currencies is an important external factor for the continued expansion of asset bubbles in bitcoin. By comparing the four characteristics of real currency, it is found that bitcoin is not as good as gold and other real currencies in terms of universal acceptance and value stability, but it can meet the requirements of uniform divisibility of value, and has incomparable advantages in portability and portability. The biggest obstacle for bitcoin to replace credit currency is decentralization. Bitcoin without credit base can not perform the function of currency well. Using bitcoin technology for reference, the primary starting point of the research and development of central bank digital currency is to supplement and replace the traditional physical currency
while recognizing the technological innovation of bitcoin, we should pay attention to the risks caused by its own operation mechanism. For new things, we should observe and learn from them, and guard against risks. In order to ensure the capital security of Chinese investors and maintain the stability of the financial market, the government's supervision on the trading activities of bitcoin is graally stricter, and it is expected that the development of private cryptocurrency will be limited. At the same time, the research and development of digital currency by the Central Bank of China is in the forefront of the world. Bitcoin and other virtual currencies have been incorporated into their own regulatory systems. While recognizing the risks of virtual currencies, we can not deny the innovation and development potential of blockchain technology. The research and development of the central bank's digital currency conforms to the development needs of the times, takes the national credit as the guarantee, adheres to the principle of centralized management, and maintains the national monetary sovereignty while providing efficient services.