Bitcoin has collapsed several times in history
The reasons for the sharp rise of bitcoin are very complex, mainly e to the continuous admission of institutional users through the compliance channel. In short, many bitcoin holders do not really understand bitcoin itself, but just regard it as an investment proct with huge profits, but ignore its risks
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation
e to the decentralized programming of the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes
in addition, the underlying reason is that the world does not recognize the monetary payment property of bitcoin, but regards it as an investment commodity similar to gold, and even has large-scale capital participation in speculation.
the first time, in March last year, bitcoin soared from tens of dollars to 266 dollars overnight
for the second time, the United States held a bitcoin hearing on September 18 last year. Before the hearing, the Federal Reserve and other relevant people looked at bitcoin. Under the influence of the good news again, the price of bitcoin rose to 8000 yuan
the third time is ring this year's World Cup. Due to the influence of the world cup, the price of bitcoin once approached 6000
for the fourth time, bitcoin suddenly rose to 3000 yuan after six months of continuous downturn and hovering around 2400 for a long time. It is said that it is the entry of hot money.
bitcoin miners will mine 18 million bitcoins this week, and only the remaining 3 million bitcoins will be released before mining stops in 2140 commentators said at the time that the motivation of hoarding bitcoin came from the curiosity in technology. In view of the current price of BTC / USD, financial incentives reverse the activity of bitcoin hoarding by holders in 2019< br />
On April 18, 2021, the global virtual money market plummeted, and the cryptocurrency market experienced the most serious slump in history. On a 24-hour basis, bitcoin has plummeted by more than 16%, Ethereum has plummeted by nearly 20%, coin an has plummeted by 17%, and reborn has fallen by 26%. Within one day, more than 620000 people were liquidated, and the amount of liquidation exceeded US $5579 million. Brian bull, CEO of coinbase, a virtual currency exchange; Armstrong sold $290 million of the company's shares, bringing the total market value of its insiders to more than $4.6 billion. In addition, alexia & middot, the chief financial officer of coinbase; Haas cashed out about $99.32 million at $388.73
it is reported that the ability of cloud computing is to split the mining machine into independent units. The mine provides mining machine computing power leasing services. Investors only need to purchase the calculation contract to & lt; Cloud mining;, Get the corresponding virtual currency. On several cloud computing platforms, it is found that the rate of return declared by each platform is not low, and some annual rates of return even exceed 100%. At the same time, cloud computing capacity is also facing huge risks. In the absence of third-party guarantee and supervision, cloud computing capacity sometimes faces huge risks
The main reason for the collapse is that the market of bitcoin is affected by the recovery of the world economy
may be more complicated, because in normal circumstances, when the world economy has recovered, bitcoin market should be getting better and better, but there is a lot of bubbles before bitcoin. So when the world economy is graally restored, the market needs to digest this part of the bubble, so the market of bitcoin will collapse. p>
a lot of people have bought bitcoin
for those small partners who invest in bitcoin, they may not have a good time recently, because bitcoin has collapsed twice in a short period of time, issuing billions of dollars more overnight, and hundreds of thousands of people have burst their positions. A lot of people put a very high leverage in the process of investing in bitcoin. When bitcoin withdraws a lot, they lose their principal{ RRRRR}