Bitcoin gains as fed prints money
bitcoin is expected to rise again when the Federal Reserve cuts interest rates again. This is an opportunity for them. Bitcoin will benefit greatly in the short term if the Federal Reserve continues to cut interest rates
however, the U.S. economic system should not be so weak, perhaps these are just a surface , because for the mainstream financial markets, the U.S. dollar, stock market, gold, futures, foreign exchange, bond market, funds and other markets are the focus of big funds. Because the currency circle is still a relatively isolated small market after all, it has no linkage with the traditional economy
The Fed has cut interest rates twice in a row, and the previous decline of the bitcoin may be reversed. They have a chance to start a new round of rise . Although the Fed has plans to cut interest rates, it is also an opportunity for the bitcoin
now many people expect the Federal Reserve to start the next round of easing policy, because the US dollar has not been released for many years , so many financial assets are very looking forward to it, just like bitcoin. Some people say that bitcoin will soon return to the time of US $20000. So the trend of bitcoin is closely related to the trend of the US dollar
When it comes to bitcoin, many people must be familiar with it. According to the latest news, bitcoin's price has now exceeded nearly $30000< the reason for the sharp rise of bitcoin is e to certain economic impact{ RRRRR}
so it also pushed the price of bitcoin to a new high. In the second half of the year, this new pneumonia epidemic has also had a negative impact, so it has also implemented a loose monetary policy for all countries< however, we all know that bitcoin is equivalent to the encrypted virtual currency of a mainstream guy, so at this time, it has become a corresponding investment for many investment institutions who want to fight against inflation so at this time, the price of bitcoin has been raised accordingly, so it is also possible for each of us to carry out corresponding work. All this is e to the current economic situation, which leads to the rise of bitcoin
the rise and fall of bitcoin is determined by the funds flowing into the bitcoin market. If more people buy bitcoin, the price will rise quickly. If less people buy bitcoin, the price will fall according to media reports, ring this period of time, the bitcoin market has once again ushered in a sharp rise, and the price once exceeded the $58000 price, which aroused the sentiment of many bitcoin investors. In fact, the rise of bitcoin is mainly e to the news that the Federal Reserve said that monetary policy will not be tightened. Affected by the news, the stock market ushered in a rebound. After the stock market rose, it was bitcoin's turn to rise. Therefore, the change of bitcoin price completely depends on whether the market liquidity is sufficient, which will naturally rise
To tell you the truth, this question will become very big if it is unfolded. If I want to write clearly my personal feelings from the beginning to the end, it will become smelly and long. So I want to use a few simple aspects and my personal views to answer this very difficult question
let's briefly talk about what bitcoin is, because this simple problem is misunderstood by most people at present. Because it is called "bitcoin", because there is a currency, this word naturally equals to RMB, US dollar, franc and other legal compensation currencies. In fact, this is totally wrong. The definition of legal currency is "the currency given by the state in the form of law for compulsory circulation". When bitcoin appeared, it was written in the white paper that the e-cash system was completely realized through point-to-point technology, which enables online payment to be directly initiated by one party and paid to the other party without any financial institutions
so what exactly is bitcoin? To be exact, it should be regarded as a commodity rather than a currency, because you can see in the white paper that "there is no need to go through any financial institutions". When bitcoin was created by Nakamoto, it was intended to change the life of the bank which was not trusted by the people because of the economic crisis. But we say the vision is good, but the reality is cruel. Even Alipay with 1 billion users can't get rid of the bank's life, let alone a small bitcoin. p>
but you can say why bitcoin is still used by many people for trading and its price is not low, that is because its market demand is very large, resulting in its high price. What is this demand for? Let's talk about it next time. In a word, its high market demand leads to high price. What is bitcoin? I prefer to compare it to a hard currency or a very scarce commodity. Like gold. Let's take a look at an interesting figure:
to tell you the truth, the development of blockchain is very, very early now. All of a sudden, so much capital has poured in, which makes everyone crazy. When the slump comes, it's a bit at a loss. Now the price of bitcoin is more stable, which gives more time for many people who are calm down to do things
out of trust in blockchain technology, bitcoin, as the genesis currency of blockchain, will have a place in the future. Money price is not the most important thing. But make a bold guess. Bitcoin or digital virtual currency will definitely recover in early 2020 and mid-2019. The bull market will come at that time. Is it possible to go back to $2W? Maybe more. Maybe
in the future world I imagine, blockchain technology will surely create a happier and better future for mankind. And the accompanying bitcoin will certainly lead to a bull market
is to read more about the various currencies or project's white paper. I pay attention to my WeChat official account: "Nanjing block chain" can get thousands of white papers free of charge, so that you will have a better understanding of the chain world. p>
The price of bitcoin once again hit the $60000 mark for a short time. The continuous pursuit of the market and the rarity of bitcoin itself make bitcoin rising. This is the result of the combination of objective and subjective reasons. In fact, bitcoin really has a certain value. After all, things are rare{ RRRRR}
in other words, there are subjective and objective reasons why bitcoin keeps rising and becomes more valuable every time. For ordinary people like us, bitcoin is only heard, not really held
the people's Bank of China will issue a set of gold and silver commemorative coins for the 29th Olympic Games (group 2) on June 20, 2007, including 2 1 / 3-ounce gold coins and 4 1-ounce Silver coins, all of which are legal tender of the people's Republic of China
precious metal commemorative coins
(1) commemorative coin pattern
1 front pattern
(1) the 1 / 3-ounce Gold Commemorative Coin (2 pieces) and 1-ounce silver commemorative coin (4 pieces) share the same front pattern, which is the emblem of the 29th Olympic Games and the traditional Chinese dragon shape, and the national name and "2008" year number are published
2 back pattern
(1) one of the designs on the back of the 1 / 3-ounce Gold Commemorative Coin (2 pieces) is the shape of ancient Chinese swimming and the swimming icon of the sports event of the 29th Olympic Games, with the Chinese words and denomination of "the 29th Olympic Games"; The second is the ancient Chinese weightlifting sports shape and the 29th Olympic Games Sports - weightlifting icon, and published "the 29th Olympic Games" Chinese words and denominations
(2) one of the designs on the back of the 1-ounce silver commemorative coin (4 pieces) is the pattern of the great wall of China, Ruyi and traditional Chinese painted pottery, and the Chinese characters and denominations of "the 29th Olympic Games" are published; The second is Beijing Summer Palace, Ruyi and traditional Chinese glass decoration, with the Chinese characters and denominations of "the 29th Olympic Games"; The third is Beijing Beihai Park, Ruyi and traditional Chinese lacquer art patterns, with the Chinese characters and denominations of "the 29th Olympic Games"; The fourth is Beijing traditional dwellings, Ruyi and traditional Chinese blue and white porcelain patterns, with the Chinese words and denominations of "the 29th Olympic Games"< (2) specifications and circulation of commemorative coins
the 1.1/3-ounce Round Gold Commemorative Coin (2 pieces) is a refined coin, containing 1 / 3-ounce pure gold, with a diameter of 23mm, a denomination of 150 yuan, a fineness of 99.99%, and a maximum circulation of 60000 pieces each
2.1 oz round silver commemorative coins (4 pieces) are refined coins, including 1 oz of pure silver, 40 mm in diameter, 10 yuan in denomination, 99.9% in fineness, with a maximum circulation of 160000 each< (3) the set of commemorative coins was jointly minted by Shenzhen Guobao Mint Co., Ltd., Shanghai Mint and Shenyang Mint. The coins were marked with Z, s and Y letters to distinguish them; China Gold Coin Corporation is responsible for the total distribution market price: 9680 yuan
The US Federal Reserve keeps printing money to rescue the market, while the US stock market keeps rising on the other side, which will naturally cause certain negative risks to the United States. But this kind of negative risk is long-term, short-term will not erupt! What are the risks to them
we need to know that the federal reserve printing money is to release liquidity for the market, at the same time, it is also to sell wool to the whole world, to create greater benefits for the United States. When it gains benefits, it will lose some benefits
the rise of the U.S. stock market has both advantages and disadvantages for the U.S. the continuous rise of the U.S. stock market will absorb market funds. The U.S. needs more funds to the market, but the market funds are absorbed by the stock market, which will also cause negative risks to the U.S
risk three: boost the US bubble higher
, the United States has a warning. In 2008, the Fed also adopted a large number of printing money to save the market, but it will only push the US bubble higher and push the us to the crisis. P>
the federal reserve printing money, releasing a large amount of capital liquidity, because the market has been replenish funds, thus directly pushing up the stock market and the property market in the United States, the American bubble has been graally pushed up. P>
once the US stock market and property market have a high bubble, the crisis will follow when these bubbles burst. p>
summary and analysis
if the Federal Reserve keeps printing money and constantly pushes up the stock market, it will bring huge hidden risks to the whole United States. It is similar to the role of pulling out seedlings to help the market, but it ignores the existence of various risks