BTC high before breaking
according to the data of coindesk digital currency trading platform, the price of bitcoin once fell below US $6000 in 18 years, which has dropped by 70% compared with the highest value of US $20000 in 2017
"the price movements we are seeing now may seem drastic, but they are quite normal for this market." Etiro's senior market analyst, MATI Greenspan, wrote in an email to CNBC
with the decline of bitcoin, most digital currencies are affected, and other digital currencies are not much better. Most digital currencies are down by more than 10%. But in the long run, the future of digital currency is worth looking forward to.
At 17:40 on August 17, okcoin showed that the price of bitcoin once again broke through a record high of 30000 yuan. This morning, the opening price of bitcoin was 27981 yuan. After the opening, the price of bitcoin climbed all the way up, with an increase of over 7% on the same day. In just one month, the price of bitcoin has risen by 130%
however, for the sharp rise of the above-mentioned digital currency, a number of instry platforms are still cautious and think that investors should pay attention to investment risks
the concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's ideas, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
unlike most currencies, bitcoin does not rely on 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 currency 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. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million
bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as someone accepts it, they can also use bitcoin to buy real-life items
on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to a number of regulatory authorities of the US federal government, hoping that the relevant authorities would pay attention to the status quo of bitcoin's encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency
from 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees
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. "10 coins a day,
6.5 coins can be traded,
3.5 coins are automatically re invested,
a gold coin is equal to 1 RMB
when the reinvestment reaches 1000, the system will automatically add another mint, and then there will be two mints to help you make money, two of which will pay dividends of 20 coins a day,
and so on, three years later 128000
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static:
a mint of 1000 yuan can proce 10 coins a day,
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the other 35% of them, that is, 3.5 gold seeds, accumulate to 1000, and automatically buy a new mint, which can proce 10 more gold coins a day
for example,
each Mint has a total of 2000 coins, of which 1300 coins can be cashed, 700 were converted into gold seeds
you can choose to convert one to 100 gold coins initially generated into cash to recover the cost first
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internationally, Japan has unconditionally supported bitcoin, the European Central Bank has said that it will not regulate bitcoin, bitcoin continues to prevail in the United States, and South Korea has incorporated bitcoin into its bulk commodities. Bitcoin is everywhere, and its popularity is so high that how can the price not rise
of course, bitcoin has not been smooth sailing this year, and it can even be said that it is "ill fated". What's wrong? Let's look below:
on January 5, 2017, bitcoin broke through the historical high of three years ago, broke through the 8000 yuan mark, and once soared to 8873 yuan
then, on January 6, the people's Bank of China and its Shanghai headquarters interviewed three bitcoin exchanges in Beijing and Shanghai, namely, fire coin.com, bitcoin.com and bitcoin China. They were asked to carry out self-examination on recent anomalies and carry out corresponding rectification
as a result, bitcoin prices plummeted to 4944 yuan a few days later
on April 1, 2017, Japan recognized the legitimacy of bitcoin and other virtual currency payment means, and the "Payment Service Amendment Act" officially signed by the Japanese cabinet came into effect. In addition, e to the uncertainty of trump policy, the US Securities and asset markets are volatile, and demand for risky assets is increasing.
from May 22 to May 24, 2017, the third consensus conference was held in New York. Miners and investors were full of expectations to reach a consensus on bitcoin expansion, and bitcoin prices ushered in a big explosion. The price of bitcoin broke through 20000 yuan on June 10, and reached a new high of 21388 yuan on June 11
at this time, the news about China's regulatory policy on bitcoin came out in June and intensified. The bearish sentiment of the market rose and the price of bitcoin kept falling. As of July 16, the price of bitcoin had dropped to about 13000 yuan
later, influenced by the good news of bitcoin bifurcation on August 1, 2017, bitcoin price rebounded again in late July and reached new highs repeatedly. On August 17, bitcoin price broke through the 30000 yuan mark, and then remained stable at a high level
on September 4, seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, and bitcoin prices plummeted to 21000 yuan, a daily drop of 27%
with the closure of China's virtual currency platform, the price of bitcoin continued to bottom out. On September 16, the price of bitcoin fell below 20000 yuan, with the lowest price of 16250 yuan
at this time, everyone thinks that bitcoin is over. But just two weeks later, on September 30, the FSA issued operating licenses to 11 bitcoin exchanges. This event triggered the upsurge of investment enthusiasm around the world, and the market was full of emotion, which promoted the continuous rise of currency price
facts have proved once again that bitcoin is like an invincible Xiaoqiang, facing heavy pressure, and its price rises instead of falling.
After entering 2021, bitcoin has always attracted the attention of the market, because the soaring trend of bitcoin is quite amazing. According to the data, bitcoin rose above $48000, the highest level ever. With the optimism and doubts of investors and the scrutiny and warning of regulators, bitcoin started from US $963.66 at the beginning of the year and broke through the important barrier of US $10000 in many trading platforms around the world. Such a surge is not only faster than expected by the market, but also unexpected by regulators. The driving force and causal logic behind it are worth pondering
unlike legal tender in reality, which has unlimited supply (as long as the economy permits and human needs), bitcoin has locked the upper limit of quantity from the beginning. According to the design of the founder of bitcoin, Nakamoto Tsung, 10.5 million bitcoins can be g up in the first four years, and then halved every four years. After 2030, only 1 million bitcoins will be left. Until 2140, when the last one is g up, the total number of bitcoins will reach 21 million, which is also the largest supply of bitcoins. The crux of the problem is that bitcoin is actually much less used for online transactions. According to the Research Report of chainalysis, a digital forensics company, about 2.78 million to 3.79 million bitcoins have disappeared forever, equivalent to 17% to 23% of the total number of bitcoins. This is mainly e to some early & lt; Miner & quot; If you forget your bitcoin wallet account e to computer obsolescence and other reasons, these bitcoins will always be in & lt; Deep sleep & quot; Status. In this way, the value of collecting bitcoin is self-evident, and things are rare and precious; Scarcity & quot; As the price is rising, bitcoin shows the basic characteristics of commodity currencies such as gold and silver