Bitcoin hype
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design 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
according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk
warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and 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
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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
bitcoin is a virtual asset. After last year's ups and downs, investors have taken a cautious attitude this year however, as the US stock market continues to fall in recent days, and the global capital market is uncertain whether it will rise, bitcoin and other virtual currencies have been in the red all the way, breaking through $8000 in the morning of May 14
virtual currency can become a universal equivalent because of the fact that money itself is a kind of goods the original currency is only a commodity recognized by everyone, and its value is generated through exchange, from the original barter exchange to the use of coins, such as gold, silver, copper and iron, such as silk and silk, such as coral shell, all of which have use value< in the electronic age, what's the difference between the so-called credit currency? On the contrary, this seemingly fictitious credit currency is recognized by the country's economic credit, and the economic credit itself is valuable
Now bitcoin is out again, and it has reached the $20000 mark. Why? Who's hyping it? This issue is actually an international issue. Now I would like to talk about my personal views and Thoughts on this issue for reference and discussion only
problem summary
whether bitcoin has been hyped to $20000 or not, the current situation is like this, and there is no downward trend. With the economic instability, maybe bitcoin will rise to 30000 or 40000 in the future, but I advise investors not to participate in the unstable investment, Because there may be nothing, after all, human nature has weaknesses, the above is my personal point of view, for reference only
the process of bitcoin is like this<
2009 - bitcoin was born
in 2009-13, makers were mainly busy investing in mines and digging for bitcoin. At this time, there is no circulation of bitcoin. Anyone can simply get bitcoin, which is basically worthless
in 2013, the number of bitcoin reached 50% of the total design amount (the upper limit of 21 million)
in 2014, we started to hype bitcoin trading and set up bitcoin trading platform
14-17 years - makers continue to invest in mines and dig bitcoin. Bitcoin trading is completely folk, and there is no market maker
2017 - the number of bitcoins has reached 75% of the total design, and most of them are controlled by the makers
in 2017, makers began to enter the market and used bitcoin as a tool to escape supervision
since 2018, bitcoin has played a very significant role in escaping supervision, with a large amount of funds flowing through bitcoin control institutions, and bitcoin has gone up
here we want to talk about why the makers want to control the market. Because this thing itself has no value at all, if you want to flow capital through this thing, it must appear normal on the surface. Because you are under the supervision of the financial sector in the overall environment, you can't just pick up a stone and say how much it's worth
first of all, my purpose is to transfer my funds "legally" through self selling and self buying, rather than actually buying the so-called bitcoin
secondly, I need to make bitcoin valuable enough to transfer more money
thirdly, as soon as the retail investors enter the market, they will soon find that there is not much liquidity at all, and they can't support the price. If the retail investors have too many bitcoins and they sell them casually, I can't really spend money to buy them. When the market price collapses, I can't play the game of selling and buying by myself.
I think there's something wrong with your idea, and I never recommend anyone to invest in bitcoin in fact, the reason is very simple, because the market of investing in bitcoin is more dangerous than investing in stocks. Normal people simply can't bear such risks, let alone the impact of huge losses on your life bitcoin has indeed plummeted since March 2021, bitcoin has been on the rise continuously. It once soared from about $40000 to $64000. The increase can be described as exaggeration. But behind the huge increase, we should think about the risks brought by the withdrawal of bitcoin, such as the recent bitcoin market, Bitcoin fell to about $50000 at one time, and this big rise and fall has a great psychological impact on ordinary people{ RRRRR}
The reason why the price of bitcoin is very uncertain and there are so many people investing in it is closely related to the monetary nature of bitcoin itself{ RRRRR}
and for bitcoin, its entire trading process is very convenient. For most bitcoin investors, they can operate through a variety of trading methods. Moreover, for the current bitcoin, its price fluctuation is very large, if there is a big drop, So for new investors, they will seize this opportunity to buy more bitcoin, so for them, they also hope to earn more profits in this way
because the hype in the bitcoin market is very strong, and the total amount of bitcoin is controlled at about 21 million, and there is a certain development potential in the future, so it has such high value
the price of bitcoin has once again set a historical record, reaching about $62000. There is no doubt that the price of bitcoin has become the best asset ever, and no asset can be compared with the investment value of bitcoin
First, there is strong speculation in the market< p> In fact, the rise of bitcoin price and the rise of real estate market price also have a very similar process. The price of real estate market will rise only by speculation, and so is bitcoin market. Many people and institutions are very optimistic about bitcoin, so they will continue to speculate{ RRRRR}it is precisely because of the above three advantages that the price of bitcoin has broken the record all the way. The current price is indeed the highest record in history, and I believe that the price will continue to create records in the future, because there is no sign of fading of the hype in the market, it will certainly continue to rise