Bitcoin price rise

1.

bitcoin bulls often mention that the scarcity value of this cryptocurrency is the main reason for its continued rise. Bitcoin is similar to gold to some extent. The growth of its supply is extremely slow, and it is still slowing down. Its total supply will only reach 21 million

with the increasing interest of institutional investors and retail investors in bitcoin, global exchanges such as the Chicago Board of options (CBOE) have launched bitcoin futures contracts. This is likely to encourage more institutional investors to invest in bitcoin, while at the same time further curbing the price volatility of bitcoin

this much anticipated bitcoin futures trading has been launched on the Chicago Board of options exchange, which represents a significant step in the legalization of cryptocurrency. Futures is a derivative / financial instrument, which can force dealers to buy and sell an asset at a specific time and price

2. Bitcoin is not issued by 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 money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on January 8, 2021, the price of bitcoin exceeded $40000

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: January 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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3. Under Tesla's "blessing", bitcoin restarted the skyrocketing mode. At 8 a.m. on February 9, 2021, bitcoin broke through again, with the highest price of $48126, hitting the $50000 mark.

4.

We know that this is an era of high economic development. More and more people begin to pay attention to the self-development of the economy. At the same time, they are willing to put their spare funds into other instries to make money. This is a way to make future investment or risk aversion, After all, people are full of many factors for the instability of the market, such as a wave of new epidemic action in 2020. So what's the next step for bitcoin to reach a new high in 2020{ RRRRR}

3. For companies that issue bitcoin, it will have a very good development< p> Finally, for companies that issue bitcoin, this is a very good development, because the more people hold bitcoin, the higher the market value and price of the company

5. Reasons for the rise: 1. Self: Decentralization (institutions can't freeze your bitcoin), difficulty in cracking, and certain anonymity. 2. When social problems occur, people worry about the preservation of traditional currency: for example, in 2013, in order to obtain the EU's 10 billion euro emergency aid loan, the government of Cyprus will levy a deposit tax on local bank depositors. In order to avoid policy risks, the public scrambled to change their currency into bitcoin. Then it spread to many countries in the euro area. It triggered bitcoin's first massive rise. For example, the new crown black swan event in 2020, the global "big water release" (negative interest rate), the decline of the influence of the US dollar, and the people and the government need the means to maintain the value of assets. 3. With the popularity of blockchain, a large number of institutions have entered the market. Traditional financial institutions, listed companies, and paypal have all promoted the rise of bitcoin. However, e to the limited supply, the demand has increased greatly, which has promoted the price rise.

6. At present, there are mainly two kinds of processes. One is vertical mill, which has a large initial investment and a large output. The system investment will be tens of millions. At present, vertical mill imported from abroad is mainly used, and the price is expensive. The domestic better vertical mill is Shenxiang vertical mill, etc. Second, the use of pre grinding with column mill and final grinding with ball mill (the process of directly using ball mill has been basically eliminated, because of its large energy consumption, large steel consumption and too large incoming abrasive grains, resulting in unsatisfactory output), large output, small power consumption, but slightly large floor area, is the current mainstream process in China.

7. Price evaluation should be carried out. If the value exceeds 3000 yuan, it is suspected of fraud and sentenced to fixed-term imprisonment of not more than three years
if it is less than 3000 yuan, it does not constitute a crime and cannot be sentenced.

8. Supply and demand
when compared with other virtual currencies, bitcoin always mentions "21 million fixed output". In the early years, bitcoin had not been exposed to investors in a large area. It proced a lot and g a lot, but there was no demand. But now purchase bitcoin, the price is expensive, the output is small, the demand is big
we believe that when there is an imbalance between supply and demand, the price of goods will be affected. Influenced by the policy, many bitcoin holders are now keeping a wait-and-see attitude. The decrease of bitcoin in circulation in the market and the increasing demand for bitcoin in the market are bound to push the price up, but in fact, it will not be the investment speculators who come into the market at this high level who will benefit in the end
popularization of regional chain
the report released by professional institutions mentioned the problem of regional chain technology. The report shows that by 2027, the global investment value of regional chain technology will reach 300 billion to 400 billion US dollars. And the regional chain as an infrastructure development, will be applied to more and more scenarios
at that time, whether the popularity of regional chain will raise the price of bitcoin is also full of uncertainty
investor confidence remains unchanged
although many institutions and financial giants are short of bitcoin, investors are still confident in the future value of bitcoin. After all, in history, is there any trading proct that can soar 7.54 million times in eight years
professional agency analysts said that 10 years ago, the impact of the financial crisis had so far failed to get rid of the shadow of many countries, and the share price bubble continued to expand. Investors would worry whether the original financial system would collapse again. Bitcoin, which has a strong performance, will attract more investors with capital inflows, thus driving up prices. In a way, bitcoin is already a safe haven
although the trading of bitcoin was suspended by China in September 2017, bitcoin surged by more than 233% after de Sinicization< In November 2017, bitcoin began to hard bifurcate, that is to say, dividing the regional chain into two, which is equivalent to doubling the issue of bitcoin, which means that the value of bitcoin will be diluted. Affected by the impending start of hard bifurcations, bitcoin started on November 9, 2017 and has been in a state of decline for four days
the suspension of the 2x fork originally scheled for November 16, 2017 has eased the anxiety of the whole bitcoin instry chain over capacity expansion, and the market is a little relieved of the possible collapse crisis caused by the fork
bubble greater risk
many investors have seen the bitcoin appreciation and profit margins after they have entered the bitcoin trading market. However, the current domestic large-scale bitcoin trading platform has been completely closed, and the regulatory level has not relaxed the entry of bitcoin into the domestic market
bitcoin, as a speculative commodity, has great bubbles and unknown risks. We tend to ignore the risk, and it is often the risk that damages the funds in our pockets. When participating in a high-risk market, we must reasonably allocate personal assets, such as the allocation of stable financial procts such as stable profit selection investment plan. We must not use all our wealth to allocate high-risk investment procts
in a word, bitcoin has risen dramatically in recent years. It's hard to avoid some words like "you are the richest man in China now if you bought bitcoin eight years ago". But eight years ago, you didn't know that bitcoin could be as brilliant as it is today. You might as well change your vision and look for the next "bitcoin"
the above is the reason why bitcoin's price rises. As much profit as possible, there is as much risk. Although bitcoin has been rising in price, no one is sure in the future. If we must invest in digital currency, we must first control its risks.