Reasons for BTC warming up in 2019
in December 2017, the highest price of bitcoin was US $19798
in 2018, the lowest price of bitcoin is $3155
in 2018, the highest price of bitcoin was US $17157
in 2019, the lowest price of bitcoin is US $3353
in 2019, the highest price of bitcoin will be $13968
by 2020, the lowest price of bitcoin is US $3800
so far in 2020, the highest price of bitcoin is US $35000
from the above data, it can be clearly seen that bitcoin has fluctuated a lot over the years
historically, it has been rising. In the long run, I think bitcoin is worth investing
Since last weekend, BTC has soared all the way from 6400 on Friday to 7500. Today, it has exceeded 8000 US dollars. This surge caught the masses off guard and made investors ecstatic
2019 can be described as a "prosperous" year for bitcoin. It is strong enough to get rid of the downward trend in 2018 and usher in a recovery. It has broken through 6000 points, 6400 points, 6800 points and other barriers one after another, and even reached $8000, making the coin circle return to its long lost heat
BTC is also in the focus of social media. Let's explore the reasons behind the boom:
the rise of bitcoin is not so much a sudden "earthquake" as a long-term "storm"
first of all, bitcoin immediately ushers in the practice of recing proction once every four years, which will inevitably lead to an increase in the price of bitcoin. Second, fidelity, the world's largest asset management company, joined the ranks of bitcoin investors in May. Compared with traditional investments such as gold and oil, bitcoin has achieved an average return of 457% in the past two years, making traditional financial giants ready to move
in January this year, the US Congress discussed two bills on virtual currency, and bitcoin futures ETF returned to the public view. However, the market failure of usdt currency makes a large number of users of usdt into the embrace of BTC
of course, President trump of the United States is the only culprit. Since then, trump has decided to raise China's export tariff from 10% to 25%. China's export instry is facing a disaster. The domestic stock market has plummeted, and hot money has flowed into the cryptocurrency market from the stock market, which has contributed to the surge of the comparative currency< Bitoffer revealed that bitcoin may return to its peak
according to the COO of bitoffer of Singapore sto exchange, the price of bitcoin has returned to last April's level, and it is predicted that it will exceed US $100000 this year<
45% of the respondents believe that when BTC reaches $10000, there will be fomo effect
Tom Lee, co-founder of fundstrat, launched a questionnaire on twitter about "what price BTC will have fomo effect". Up to now, the survey data shows that 32% of the people think that when the BTC exceeds $20000 (a new high), the BTC will be the highest; 45% thought that when the BTC reached $10000; 23% think it's now
bitoffer is a cryptocurrency exchange from Singapore STO, which provides secure and reliable bitcoin trading and asset management services for millions of users in more than 100 countries< br />
Bitcoin price accelerated to rise at the same time, there has been a more rapid decline in the callback
according to the price of coindesk on bitcoin news and information network, on January 11, the price of bitcoin fell to about US $30305, down 27.78% from the highest price of US $41962 in history. In other words, the price of bitcoin fell from $40000 to $30305 in just over a day. Before that, bitcoin took six days to rise from $30000 to $40000
from the macro-economic environment, Yu Jianing believes that the correction on January 11 can be regarded as a hedging measure taken by overseas mainstream investment institutions. He believes that one of the reasons for bitcoin's rise this year is the continued decline of the dollar index. At present, Biden's government is coming to power, "bad is good", the dollar may rebound, global commodity assets have a significant correction, and the digital asset market will adjust accordingly
in recent days, the US dollar index has risen significantly. As of press release, the US dollar index is about 90.49, down 0.06 from the previous day and up 1.16% from the closing price of 89.42 on January 6
he also pointed out that many bitcoin miners choose to sell at relatively high prices. According to cq.live, the miner's position index (MPI) has reached its highest level this year. The MPI index is higher than 2, which indicates that miners tend to sell bitcoin after mining; If MPI is negative, it indicates that they are optimistic about the short-term trend and choose to hoard bitcoin. At present, the value is about 5.26, indicating that the miners are selling bitcoin on the over-the-counter market or exchange. In addition, bytetree data also shows that in the past week, bitcoin miners g out 6894 bitcoins, but sold 10047 bitcoins, which means that the miners sold nearly 3153 bitcoins in stock
Yu Jianing mentioned that another reason for the decline is the website downtime of the largest compliance exchange in the United States, such as coinbase, after the market fluctuated violently, which delayed the trading of users, and many buying orders could not be traded normally, which also led to the bitcoin price on the website far lower than the market price, further aggravating the market panic
"e to the failure of the coinbase system, we could only sell but not hang up the bill yesterday, and the whole trading world order was destroyed." A coin circle employee also said
regulatory warning bitcoin volatility risk
it is worth noting that the recent ups and downs of bitcoin has also aroused the vigilance of regulatory authorities in various countries
On January 12, the New Zealand financial market authority (FMA) warned new Zealanders to invest in cryptocurrency prudently, according to the New Zealand Herald"new Zealanders who are considering buying cryptocurrencies such as bitcoin should realize that they are high-risk and highly volatile assets," a spokesman for the New Zealand Financial Markets Authority said. "Cryptocurrencies are not regulated in New Zealand and are often used by fraudsters and hackers."
According to the times on January 9, HSBC has decided to stop providing cryptocurrency trading services to customers in the UK, including prohibiting customers from depositing funds into HSBC from their digital wallets. At the same time, many other UK banks have banned customers from using credit cards to buy digital currencies such as bitcoin"the virtual currency represented by stable currency is facing more and more complicated compliance risks. As more and more economic activities migrate to the blockchain, the instry is facing great compliance pressure. The circulation of stable currencies such as usdt will grow explosively in 2020, reaching a record high. Behind this, part of the use demand comes from the normal transactions in compliance, but there are also black and gray demands for money laundering, illegal financing and other problems. In the future, the blockchain instry will face more and more compliance challenges. " Yu said
he pointed out that according to the report on anti money laundering of virtual currency released by peckshield in 2020, the value of unregulated outbound virtual currency reached US $17.5 billion in 2020, an increase of 51% compared with that in 2019, and it is still growing rapidly. The number of fraud cases involving virtual currency continued to rise to 151, an increase of 655% over 2019
Yu Jianing said: "since the second half of 2020, fraud, attack, extortion, gambling and other assets, as well as money laundering, run points and other gray assets, have begun to turn into virtual currency money laundering. The number of extortion cases has increased rapidly, and the situation of virtual currency anti money laundering is grim. In 2021, it is necessary for the blockchain and digital assets instry to adopt a more strict and prudent KYC (know your customer) review mechanism, More stringent anti money laundering standards will be implemented. "bitcoin is a virtual currency system developed by an organization that dare not disclose its identity. Also known as "air currency"
this kind of currency is worthless. We should rely on pyramid selling and speculation to improve the psychological value among a small number of people, then buy and sell among these people, and then continue to rely on pyramid selling to expand the population
this is a financial fraud, much like the Ponzi scheme
as long as people who are not mentally retarded, they should be aware that this is a fraud
it's just that people who speculate in currency think that they won't be the last one to take over the dish.
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.
bus route: sightseeing No.2 → Metro Line 3 → no.615, the whole journey is about 17.3km
1. Walk about 10m from Jinwei road to Jinwei Road Station
2. Take sightseeing No.2, pass by 2 stations, reach xiaoshulin station
3. Walk about 490 meters to jinshiqiao station
4. Take Metro Line 3, pass by 7 stations, reach Tianta station
5, walk about 470 meters, Take bus no.615 to Tianta station, then take bus no.612 to Meijiang Convention and Exhibition Center Station after 7 stops
MFC financing is owned by MBI group. MBI group has been exposed by Guangzhou evening news and hainan.com, and has been identified as pyramid selling by instry and commerce. Therefore, MCF financing platform is a fraud