Why is bitcoin against the US dollar
Since the birth of bitcoin, its price has risen from a few cents to a maximum of $20000. Although it has dropped a little, it has soared to $18000. This price surprised many people. Why is bitcoin such a virtual digital currency so valuable< the quantity of bitcoin is limited, so the price is relatively expensive. Because bitcoin can be anonymous, many people use bitcoin to hide property or trade. The speculation of bitcoin players leads to the high price of bitcoin Bitcoin is a decentralized virtual digital currency, and bitcoin is generated based on algorithm, so the total amount of bitcoin will not exceed 21 million, and with the increase of mining population, bitcoin will be less and less, so the price of bitcoin is more expensive than other virtual currencies{ RRRRR}
the reason why bitcoin is valuable is that it has replaced part of the currency function and some people have speculated. If you have any other opinions, please leave a message to discuss
(1) possible factors for the rise of US stock market. First of all, technology stocks led the US stock market, S & P stock market hit a new high, health care companies boosted the market strongly, and energy stocks rose with the price of crude oil. Second, the Fed will announce an interest rate decision later this week, and the market expects the fed to raise interest rates, which will be the third time this year. Standard & Poor's rose slightly by 0% or 3%, while Dow Jones and Nasdaq rose slightly, while Russell small company index fell slightly. Although inflation is low, the labor market is relatively strong. Third, last week, Apple shares rose, Symantec shares rose, and healthcare shares rose. Bluebird shares rose, while bank shares fell slightly. Oil and gas boosted energy stocks, while Chesapeake Energy Inc. rose
(2) possible factors for the rise of bitcoin. 1. Bitcoin futures rose on the first day of listing on the US stock exchange. Wall Street investors bought bitcoin for the first time, and the price of digital currency futures jumped about 20%. Bitcoin has risen this year. According to the Los Angeles Times, the US market has bought second-hand housing mortgage loans to buy bitcoin. 2. At present, the trading volume of bitcoin is relatively low, and most investors are optimistic about oil, gold, wheat and other commodities, or the stock market. The future direction of bitcoin is unknown, futures prices show that prices are rising, but investors are cautious about the market falling into bubbles and speculation. 3. JPMorgan said bitcoin was a fraud. The Chicago Mercantile Exchange will start trading bitcoin futures on December 18, with gold slightly lower and its value supporting the gold price. Bitcoin has no value, only the price rises
(3) why are US stocks rising with bitcoin? Gold fell slightly, oil prices rose, and the value of gold and oil supported each other for a long time. First, the price of gold fell slightly to about $1246 an ounce. According to the latest data of the Commodity Futures Trading Commission, the bullish position of gold declined. Silver fell to about $15 an ounce, while the dollar rose against the yen. U.S. benchmark crude rose to about $57 a barrel, while Brent crude rose to about $64 a barrel. Market risk appetite rose, gold slightly declined, and oil prices rose slightly. Second, the stronger non-agricultural report and tax rection plan boosted the US dollar. Before the US Federal Reserve increases interest rates, gold may go down and the US dollar is bullish. The U.S. dollar index reached a high of 94 points on Friday, then fell slightly to about 93, rebounded slightly from the low point and rose. Various factors supported the Federal Reserve's interest rate increase in December, which boosted the U.S. dollar. Third, bitcoin futures rose after listing in the US market, while US technology stocks rose, while banks and instrial enterprises stocks declined slightly. Fourth, the European Central Bank and the Bank of England will issue monetary policy statements. Wall Street is concerned about whether the Federal Reserve will raise interest rates for the third time in 2017 on Wednesday because of rising oil prices, rising U.S. energy stocks, rising ExxonMobil shares, rising chevron shares and rising ConocoPhillips shares. Fifth, U.S. technology stocks rose, Apple shares rose, Amazon shares rose, Google shares rose, Microsoft shares rose, Tesla shares rose, and Qualcomm shares rose. Bitcoin rose while blockchain related stocks rose. The price of gold is relatively stable, while the price of oil rises slightly, and the value supports gold and oil.
In the eyes of the Iranian government, the adverse growth of bitcoin is the most important point
it's not too much to describe bitcoin as an "indestructible little power". Under the background of various countries' attack, the current market value of bitcoin has reached an unprecedented US $102.14 billion, more than that of Goldman Sachs, an investment company, and its share price has also stubbornly exceeded US $6300. What does it mean to have a market value of more than 100 billion? Apple has worked hard for 31 years, Amazon has worked hard for 20 years, and bitcoin has only been used for less than 10 years. At the beginning of this year, the price of bitcoin was less than $1000, which means that in 10 months, bitcoin has increased by more than 550%
although bitcoin is not favored by regulators and financial giants, it is still a digital currency with great investment potential in the eyes of ordinary investors. Bitcoin is still able to rise against the market in the context of government regulation and the cold eye of financial institutions. Ordinary investors' enthusiasm for digital currency investment has reached an unprecedented height< Secondly, bitcoin has a good growing soil in Iran
in recent decades, the United States has adopted a series of economic sanctions against Iran, from banning trade and investment in Iran to imposing sanctions on Iran's energy sector, which are fatal. Among them, the financial sanctions against Iran by the United States can be described as a model of all sanctions. The United States takes advantage of the hegemony of the US dollar in the world, Iran is prohibited from providing services to its own banks and all foreign banks that use US dollars to trade. We should know that 70% of the world's trade is carried out in US dollars
in the repeated sanctions, Iran has found a life-saving straw bitcoin. If it deals with other countries to avoid the US dollar, it can perfectly resolve the US dollar sanctions through the virtual currency bitcoin. Therefore, btxcapital, the first real-time bitcoin exchange, was established in Iran two years ago. With more than 50 million Internet users in Iran, btxcapital has great potential to become the next major bitcoin market in the world in the next few years
Jingxuan finance and economics the above tutorial should be able to answer your question
because the American people intend to borrow bitcoin for speculative speculation to attract the return of rice yuan, in a certain sense, the appreciation of bitcoin will promote the appreciation of the US dollar
for gold, as a reserve, it has a complementary relationship with the US dollar, that is, the appreciation of the US dollar may lead to the depreciation of gold; Bitcoin absorbs the speculative property of gold, so the appreciation of virtual currency (bitcoin) is also a factor leading to the depreciation of gold
as a medium of transaction, when the trade channel is reced, the currency will depreciate. In other words, there is a situation that money can not be spent; But when there is a threat of war, we should consider the risk aversion factors and the possibility of recing trade channels, which will lead us to increase our efforts to reserve currency. At this time, gold and the US dollar will double up
the increase of risk, such as the recent game between China, Japan, the United States and South Korea, will lead to the return of people's yearning for peace. This desire will lead to the decrease of speculation desire... The decrease of speculation impulse will be reflected in the speculation of virtual currency
When we were young, we all played the game of throwing handkerchief. To win in the game, we should not only be quick-sighted, but also know the information at the first time, because the children with handkerchief will walk quickly by us, and then inadvertently throw the handkerchief down. But in the process of throwing handkerchief, we should not only be quick to see, but also know the information, These children will definitely pause behind us. If we can find this pause, we can seize the opportunity to seize this child
the same is true for bitcoin. Many people always think that bitcoin is a process of continuous rise and fall. As long as they buy it at a low price, they can wait for the price of bitcoin to rise. When the price of bitcoin rises to a certain extent, they can get huge wealth by selling the bitcoin in their hands. This idea is really wrong
So I think the principle of bitcoin is similar to that of losing a handkerchief. First of all, we need to know the news and seize the opportunity. Second, we need to know who has the handkerchief. Last but not least, we need to be quick in the process of losing a handkerchief, Every turn is the best timealthough bitcoin has experienced a sharp drop, its price is still very strong, and there are still many people like bitcoin
since the advent of bitcoin, it has been favored by investors. With the attention of various countries to digital currency, bitcoin has attracted the attention of many investors, including some rich investors. The boss of Tesla has bought hundreds of millions of dollars of bitcoin, and the price of bitcoin has gone up all the way
First, bitcoin is favored by many people, and some people still invest in bitcoin after the crash< p> Since the birth of bitcoin, because of its decentralization and anonymity, it has been loved by many investors, and even many people trade with bitcoin. The price of bitcoin has also gone up from a few cents to tens of thousands of US dollars. Since the development of the epidemic, bitcoin has replaced gold as the preferred investment proct for many investors. Although bitcoin has plummeted several times along the way, it has not affected the enthusiasm of investors. On the contrary, more people have come to invest{ RRRRR}bitcoin is favored by market investors, so many people are not afraid of a sharp drop. If you have any other opinions, please leave a message to discuss
because the vast majority of people believe that bitcoin can proce greater value in the future, and institutions and investors all over the world are optimistic, it can be pursued by a wide range of people. In fact, this is also the essence of speculation. Only more people believe that bitcoin can obtain profits can it be pursued by people
the price of bitcoin has exceeded US $56000, which is unthinkable to ordinary people, because ordinary people do not have any money to save to buy bitcoin. In fact, the current social atmosphere is not good at all. Apart from speculation, there is no better way to let assets appreciate. Speculation can not last long, So sooner or later there will be a problem first, there will be bubbles in hyped procts. P> in this society, in fact, for any scarce procts, it can be hyped, but in the process of speculation, the final result will be a bubble. Once the bubble burst, will surely cause more people to generate capital losses, and more people will lose their fortune. So ordinary people simply can't afford to play such a game, and they are not qualified to play such a game. They must control and reflect on their own behavior{ RRRRR}
in fact, the price of bitcoin has changed a lot in the past ten years. It has changed millions of times, which is impossible for any asset to achieve such a rise. even Alibaba and Tencent can not have such a rise, so the price of bitcoin has changed so much, it will certainly be sought after by the society, because more people believe that bitcoin can generate more funds, so they will pursue it. In fact, this is human greed