Gray non position BTC

2020 is a magic year. Although there are many troubles from the beginning of the year to the end of the year, asset prices are rising very well

let's look at the performance of all kinds of assets:

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here's another interesting thing. In the first seven months of bitcoin coming out, the creator Nakamoto Tsung mined 1.1 million bitcoins himself, accounting for 6% of the total amount of bitcoins. These bitcoins have been left untouched, and now are worth nearly $40 billion

If a market has the four characteristics of high leverage, drastic price fluctuation, limited trading volume and high concentration, then the market is a perfect Chinese chive cutting market

we have done a previous issue of the hunt brothers silver speculation. After hoarding a large proportion of silver, the hunt brothers in the United States manipulated the prices in the futures and spot markets to reap the silver investors in the market. Today's bitcoin market is a bit like the silver market of that year

before any asset bubble bursts, there will be lots of people making money. What is the upper limit of the bubble? How high will the price go? How crazy can market sentiment be? None of this can be predicted

a rational investor should not be distracted by the soaring price, but should carefully think about two questions outside the fanatical market sentiment. Do I really understand the investment logic behind this thing? Is it really worth so much money

if you're like me, you'd better not take part in this kind of incomprehensible excitement

The rapid rise of bitcoin's price comes from the fact that its use value is graally recognized by popular business services such as green ecology. For example, Jack Dorsey, the founder of Twitter and square, made a high-profile promotion and planning of BTC in Silicon Valley in the United States, which is also called the original ecological currency of the next generation Internet technology, and announced the purchase of $50 million BTC< naturally, apart from the Internet technology circle, it is also like the BTC Private Fund released by grayscale, a financial enterprise, which helps traditional financial enterprises get BTC financial planning

at present, the total position cost of BTC commodity futures is about 6.3 billion, which has increased 133% since the beginning of this year and constantly updated new historical records. Unlike the spot trading market, the increase of non compulsory position closing trading position of derivative procts in zero sum game indicates the contradiction level between buyers and sellers on spot trading base price