Why does BTC hold so many positions
if the cryptocurrency exchange is the largest bitcoin warehouse, people may not be surprised. 6.7% (about $9.8 billion) of bitcoin currently in circulation are held by cryptocurrency exchanges however, more interestingly, despite the long bear market, the bitcoin reserves of these exchanges have been increasing no matter "up or down"
in the past two years, BTC inventories of eight exchanges including Kraken, bitstamp and binance have increased steadily. This is in sharp contrast to the volatility bitcoin has experienced since March 2017. These largest bitcoin holders continue to have confidence in the cryptocurrency market and continue to increase their share regardless of market conditions
if you imagine yourself as a big fish in an infill pond, it may become easier in the future. As bitco reported a few weeks ago, the number of BTCs you need to be a whale may change over time. If you believe in some theories, holding a bitcoin may give you enough power to influence the market
although others disagree, they point out that one of the 21 million bitcoins is very "insignificant". So no matter what the situation is, no matter how many bitcoins you have, keep a positive attitude
fire coin BTC can be bought at 50000 yuan for Zhang San and sold at 50000 yuan for Li Si. The transaction price is the price of fire coin platform
the transaction price of Yuan'an BTC is the price of Yuan'an platform
so the two prices are certainly different
in this case, Lin mule knows that the BTC value of the fire coin is 50000, so he must raise the price by 50000. But in the process of raising the price, because the supply exceeds the demand, Li Si may have raised the price to 52000
therefore, there is a price difference between platforms, but why is the price difference small? Because some people buy from this platform at a low price, and sell from that platform at a high price, until the gap between the two sides can not cover the handling charges - it's called "moving bricks" in the instry. In the early days, it was a business that made a steady profit without losing money.
2020 is a magic year. Although there are many troubles from the beginning of the year to the end of the year, asset prices are rising very well
let's look at the performance of all kinds of assets:
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here's another interesting thing. In the first seven months of bitcoin coming out, the creator Nakamoto Tsung mined 1.1 million bitcoins himself, accounting for 6% of the total amount of bitcoins. These bitcoins have been left untouched, and now are worth nearly $40 billion
If a market has the four characteristics of high leverage, drastic price fluctuation, limited trading volume and high concentration, then the market is a perfect Chinese chive cutting market
we have done a previous issue of the hunt brothers silver speculation. After hoarding a large proportion of silver, the hunt brothers in the United States manipulated the prices in the futures and spot markets to reap the silver investors in the market. Today's bitcoin market is a bit like the silver market of that year
before any asset bubble bursts, there will be lots of people making money. What is the upper limit of the bubble? How high will the price go? How crazy can market sentiment be? None of this can be predicted
a rational investor should not be distracted by the soaring price, but should carefully think about two questions outside the fanatical market sentiment. Do I really understand the investment logic behind this thing? Is it really worth so much money
if you're like me, you'd better not take part in this kind of incomprehensible excitement
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
Gray position
BTC -- total holding: 654671btc, 24h position change: - 110.7792btc, gray position proportion: 3.12%
LTC -- total holding: 1504032ltc, 24h position change: - 309.1233ltc, gray position proportion: 1.79%
eth -- total holding: 3174190eth, 24h position change: - 651.3328eth Gray position proportion: 2.75%
BCH -- total holding: 294210bch, 24h position change: - 60.3736bch, gray position proportion: 1.40%
etc -- total holding: 12435835etc, 24h position change: - 3066.8812etc Gray position proportion: 5.90%
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the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and Development Center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system
According to official twitter news, as of March 31 EST, the total scale of gray asset management reached 45.6 billion US dollars. The trading price of bitcoin Trust Fund (GBTC) was US $50.04 per share, down 1.53% from the previous day; Ethereum trust (ethe) trading price of 17.89 U.S. dollars each, up 3.29% from the previous day
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BTC -- total holding: 654601btc, 24h position change: - 34.6185btc, gray position proportion: 3.12%
LTC -- total holding: 1503826ltc, 24h position change: - 102.9870ltc, gray position proportion: 1.79%
eth -- total holding: 3173756eth, 24h position change: - 217.1109eth, Gray position proportion: 2.75%
BCH -- total holding: 294170bch, 24h position change: - 20.3364bch, gray position proportion: 1.40%
etc -- total holding: 12433791eetc, 24h position change: - 1021.9672etc, Gray position proportion: 5.90%
the Xueshuo innovation blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot station of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. Based on providing diversified growth paths for students, the professional station promotes the reform of the training mode of the combination of professional degree research, proction, learning and research, and constructs the applied and compound talent training system
1. Ethereum: a better value accumulation target
for many years, accumulating bitcoin has been the main way to store the value of cryptocurrency. Investors use bitcoin as a sharp weapon against the economic crisis. However, institutional traders are now also interested in Ethereum
in the 2020 annual review report of coinbase, it is noted that institutional customers are more and more interested in Ethereum. The reason is related to how investors evaluate Ethereum ecosystem
first of all, it is the original currency of the network. Because Ethereum is a platform for many valuable projects, Ethereum has become a powerful trading currency in Ethereum ecosystem
Why are more and more institutional traders hoarding Ethereum
the report points out that the driving force for Ethereum holders to invest comes from: first, Ethereum's potential as a value store is constantly developing; 2、 Ethereum's status as a digital currency provides the basis for its network transactions<
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2. Investment institutions such as coinbase and Gemini are optimistic about Ethereum and defi
Arthur Cheong, founder of definance capital and portfolio manager focusing on defi encryption fund, pointed out in a statement in coindesk, "I think bold investors will explore Ethereum and defi after studying bitcoin."
according to the data, some investment institutions such as coinbase and Gemini are incredibly bullish on Ethereum. In addition, more and more large investors are looking for different decentralized financing space
Why are more and more institutional traders hoarding Ethereum< However, deniss vinokourou, a digital asset investment manager, believes that "not everyone is satisfied with the risks associated with defi that still exist, but the rapid growth of active projects in Ethereum supports capital appreciation."
unlike bitcoin, Ethereum has many ways to retain investors and lock them in for a long time. After the release of eth2.0, Ethereum owners have made a lot of profits in long Ethereum
the original text is from ambcrypto and compiled by blockchain knight. The right in English belongs to the original author. If you want to reprint it in Chinese, please contact the compiler.