Why did BTC plummet
in fact, this does not mean much to us. After all, we have never experienced "sudden wealth". How can we talk about "bankruptcy"
bitcoin can be regarded as an imperial presence in virtual currency, and the price of each one is amazing
after bitcoin plummeted some time ago, I saw a very interesting passage:
a friend in the coin circle was still talking about buying a house in the second ring of the imperial capital last year. When I met him today, he said to me: Hello, this is your take out
people who once relied on bitcoin and were worth billions of dollars have fallen to this point in just a few days. How can we not let people sigh
12% in a day, 42% in a month, 77% in a year, and 1.6 trillion in evaporation, no less than the magnitude 10 earthquake
bitcoin, which has doubled 25 million times in the past eight years, has now become a boundless hell struggling to survive
at the end of 2017, the high price of US $20000 was amazing,
10 bitcoins can buy a Mercedes Benz S500,
100 bitcoins can buy a three bedroom apartment in Shenzhen. It doesn't look like much, does it
but in 2009, one dollar could buy 1309 bitcoins. Do you think you missed dozens of billions
however, as we approach the end of the year, bitcoin has become a sad and helpless topic
at the beginning of bitcoin's decline, most people scrambled to get the bottom, but did not think that it was like jumping into an endless abyss, the bottom was broken again and again, and it was just between your thoughts that you lost everything
for the sadness of currency speculation, those who don't will regret it even more
in the past 11 years, I knew that someone had asked for 6800 financial procts on hand
but in the end, instead of buying bitcoin, she spent it traveling
if you buy it, it will be worth about 100 million at the end of 17! Even if it's 4000 dollars, there's 20 million
it turns out that most of the time, we just miss hundreds of millions of properties, but we don't know it
if we want to make money, the stock market and real estate market are all weak, where can we compare with the bitcoin market
of course, some people have studied that every sharp fall of bitcoin will predict the next sharp rise:
in November 2011, US $30 fell to US $2, a 93% drop
in December 2013, it dropped from $1166 to $170, a drop of 85%
since 2017, it has fallen below $4000, a 77% decline
it means that every fall will be followed by a more violent rise
however, many people will suffer from Stockholm syndrome after being locked up. The more they are locked up, the more convinced they are of the scarcity of bitcoin, and then they will surely usher in a ten thousand times soaring future
after all, most of the time, people who rely on bitcoin to make a fortune are not willing to believe that they will lose money
stock god Warren Buffett once warned us: bitcoin is a mirage, a way to transfer funds, and the quadratic power of rat poison. Cryptocurrency has no bottom. What you can do is to stay as far away as possible
we don't know whether bitcoin will continue to fall or soar overnight in the near future. All we can do is wait and see
admission? It depends on your own choice. After all, every financial management has its own risks
be cautious when entering the market. This sentence is not only applicable to the stock market, but also to the bitcoin circle
but as the saying goes: if you are brave enough, if you are hungry enough, you can decide for yourself! Mi Xiaoli, a new way of life.
There are many reasons for bitcoin's collapse. I think it is mainly because it has no government policy support, the conflict between cash bitcoin and virtual bitcoin, and the decline of public confidence in it. First of all, bitcoin is not supported by the government. It is not protected by relevant government policies. In China, the protection of the government is a big protective film. With policy protection, the impact of this slump will be minimized, and the government will share part of the pressure{ RRRRR}
in any case, there are a lot of reasons for bitcoin's collapse, and each has its own views
Heavy weight! What kind of information is released behind the people's Daily's re evaluation of special currency
April 18, 2018
as the wind vane of policy, people's Daily has a self-evident influence on all walks of life. On April 16, people's Daily published a comment on bitcoin and other digital currencies, to the effect that it is difficult to ban digital currencies completely, and landing payment should be opened. For a time, it triggered a big discussion on policy risk in the currency circle. Why did people's daily comment on bitcoin again? Does this mean that China will lift the ban on bitcoin? Today, I'd like to analyze the information hidden behind the people's daily article
therefore, it is boldly predicted that there can only be one form of bitcoin and blockchain enterprises in the future, that is, the form of Instrial Park supported by the state. As the saying goes, bitcoin is not a good blockchain if it does not solve the employment rate. At present, the whole market is not mature, and the state will not prohibit OTC trading for the time being. However, with the increasing economic risks, the supervision of the currency people will be more and more strict
It's not surprising that bitcoin has dropped by more than 10%, because bitcoin just rose by more than 20% not long ago, so a 10% drop can only be regarded as a correction, not a drop. But what's the fundamental reason for bitcoin's decline? Now I'd like to talk about my personal views and ideas on the issue of bitcoin for your reference and discussion only
summary of problems
the reason for bitcoin's collapse is that it rose too fast, so it led to a significant correction. It's not surprising. After all, no commodity can continue to rise, and bitcoin is the same. If you think bitcoin can still rise, I won't express my opinion, but you have to think of today's collapse, Because it is very likely that one day, you will also encounter the same slump of 10% or more as today, so investment should be cautious, especially for this kind of virtual investment procts. If you are not careful, you may lose your fortune. The above is my personal views and ideas, for your reference and discussion only
The sharp drop in the price of bitcoin will affect the stock market, and the funds that buy bitcoin and the blocks related to blockchain will fall e to the sharp drop in the price of bitcoin
with the continuous development of science and technology and the emergence of emerging instries, bitcoin, as an emerging instry, has attracted the attention of many people. Bitcoin has increased tens of thousands of times in more than ten years, which makes many people feel incredible. Bitcoin has also become a symbol of wealth in everyone's mind. The sharp drop in the price of bitcoin will have an impact on the stock market, especially on the bitcoin funds and blockchain technology, which are closely related to bitcoin. The sharp drop in bitcoin will also cause investors' losses
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
the price of bitcoin once plummeted to US $48000. There are many reasons for the rise and fall of bitcoin, one of which is the recent capital investment and speculation with the rapid development of Internet economy and network technology, bitcoin, a new open source currency, is born, which is different from traditional virtual currency. Bitcoin has initially formed a relatively complete instrial chain and market, and has become a popular financial investment proct. At the same time, it provides new ideas for the reform of e-commerce payment methods. But the price of bitcoin fluctuates a lot< since its birth, its price has experienced several sharp rises and falls. The main reasons for bitcoin's ups and downs are as follows bitcoin can be easily used in transnational money laundering activities, which has aroused the attention of financial regulators. In theory, if you want to transfer funds from China to the United States, you only need to convert RMB into bitcoin in the exchanges supporting Chinese accounts, and then sell bitcoin in the exchanges supporting U.S. bank accounts and withdraw it< transnational capital transfer is usually subject to strict supervision, and the cost of illegal underground transfer is very high. Bitcoin, as an intermediary, can transfer funds quickly at low cost
According to
crypto cred, this situation may indicate that there is not enough momentum to do long in the market
in addition, crypto cred also believes that the consolidation of bitcoin in the previous three months is a range consolidation, not a triangle consolidation, so once the horizontal support line is broken, the market sentiment will become very pessimistic
crypto cred also pointed out that in the daily K-line chart of bitcoin in September, the closing price of 24 days was lower than that of the previous day, which also showed that the whole trend was developing in a bad direction
Future trend, how to develop< p> Ledger status points out that bitcoin's stepping back into the $8000 or even lower range is likely to prepare for future actionshe believes that bulls need to take back several key positions first. First, bitcoin needs to go back above $8400, which is the 200 day moving average
he explained that if the price of bitcoin could get back to $8400, it could rise rapidly and retest $9400. After that, if bitcoin can further break through the previous integration range, it is very likely to create a new annual high
However, unfortunately, the 200 day moving average is becoming a strong resistance line. If bitcoin fails to break through this position, it is likely to go further down to the low of $6000however, ledger status also points out that even if bitcoin goes further down to $6000, technically speaking, the long-term bullish trend has not been broken. He said,
"I remain bullish for a long time, unless bitcoin falls below its 200 week moving average (currently about $4600 and is still climbing), which marks the bottom of the first two bear markets."
finally, ledger status said that if the price of bitcoin can rebound above the 200 day and 20 week moving average, it will be quite optimistic for the market
up to now, the price of bitcoin is US $8070.5, and the market value of bitcoin accounts for about 67.1% of the total market value of the whole cryptocurrency