82 bitcoin waterfall

1.

On the evening of September 14, bitcoin China's official website announced that according to the spirit of the document issued on September 4, bitcoin China digital asset trading platform stopped new user registration from September 14; On September 30, the digital asset trading platform will stop all trading business

except bitcoin China, the other two platforms have not released relevant announcements yet. In response to reporters, Huo coin said that it has not received any clear documents or notices about the content of news reports. Okcoin said that the official announcement of okcoin should be taken as the standard

virtual currency has a long way to go and needs further supervision

2. Reasons for bitcoin's surge:
factor 1: bitcoin's spot trading volume rose
the decline on March 13 caused BTC to drop from US $8000 to US $3600 within 24 hours, and the buying volume of coinbase, Kraken, binance, bitfinex and other spot exchanges surged
at the same time, open positions (used to describe the total number of long and short positions opened at a specific time) fell sharply in mainstream futures exchanges (including bitmex, binance futures and okex)
the sharp decline of open position and the obvious increase of spot purchase volume of futures exchange actually lead to the transformation of the market. The spot market began to control the price of bitcoin, rather than the futures market
the futures market usually causes sharp fluctuations in the price of bitcoin, because traders use leverage (borrowed funds) to trade cryptocurrency, while in the spot market, investors buy and sell bitcoin without borrowing funds
this change has stabilized the market, enabled the price of bitcoin to rebound without a significant correction, and the volatility is relatively low

factor 2: BTC should not have fallen below $4000 at the beginning
on March 31, coinbase published a blog post, describing in detail the market trend after bitcoin plummeted to $3600
the exchange said that most users of the platform bought bitcoin after a sudden decline, adding that the waterfall clearing led to a much lower decline in bitcoin on the futures exchange than on the spot exchange
coinbase explained: "waterfall clearing is the most prominent in bitmex, which provides highly leveraged procts. During the sell-off period, bitcoin trading price on bitmex was much lower than other exchanges. Until bitmex was maintained at the time of the highest volatility (based on DDoS attacks), waterfall clearing was suspended and prices rebounded rapidly. When the st settles, bitcoin hovers around $5000, before plummeting below $4000. "
this opens up a theory that bitcoin should not have fallen to $3000 in the first place, which explains why bitcoin rebounded rapidly to $7350 in a V-shape

factor 3: rapid recovery to key support level
since the beginning of 2018, the level of $5800 has been an important support area in history. Avoid bitcoin prices falling between $3000 and $4000, except in December 2018
bitcoin prices quickly recovered from the $3000 range to $5800 in seven days. After three tests in March, the price of $5800 became a strong bottom, allowing bitcoin to continue its rally.

3. At present, bitcoin is not stable, it is not a good way of payment, it can only be regarded as an investment

the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.

4. There are no options in the contract. It's down $5200 a week. If you buy 10 put options at bitoffer, that's 52000u

5. Bitcoin waterfall refers to the fact that bitcoin is in a state of falling like a waterfall. It can be regarded as a metaphor. At the same time, it can also directly reflect the current market of bitcoin, which is in a state of rapid decline

6. China is blocking the bitcoin market. It's as simple as that. If there are no agents and no one to buy or sell, it will fall

7. Waterfall, flying down, bitcoin waterfall is bitcoin crash.

8.

Boring programmers, trying to put money on the Internet, but also limit the amount of money, do not let it more. It's also for everyone to take care of the account book, not for a few people

that's why

now we think that the total number of restrictions, everyone has an account book, called blockchain

because bitcoin is the ancestor of blockchain, it's more valuable... A total of 2100W

now about 46000 each. It was 6.8w at the beginning of the month, and it's still plummeting

if you want to witness the waterfall of bitcoin Price format, you can click here for a link

9. If you want to ruin your family, you can fry it.

10. Bitcoin began to fall in a waterfall after reaching its peak at the end of 2017, and has now fallen by more than 80%. Now, there are still some risks in the market. But now bitnet trading all short mechanism, short can make money.