Why doesn't bitcoin go up

1.

In the early morning of January 2, Beijing time, foreign media reported that at the beginning of the new year, the life of bitcoin has been difficult

this is the first time since 2015 that the cryptocurrency has opened a new year in the form of a sharp fall, further aggravating its decline since it hit a record high of $19511 on December 18

The surging trend of

has given birth to a variety of other cryptocurrencies, and also made bitcoin enter the wall street in the form of futures contracts. On December 18, the Chicago Mercantile Exchange launched for the first time a derivatives agreement that some traders thought would encourage short positions, and bitcoin peaked a few hours later

virtual is always virtual

2. Bitcoin is an outstanding effect in the upstream of derivatives, achieving the purpose of financing. However, if the other two currencies do not become circulating currencies in the market, they will naturally decline and even be eliminated in certain investment evaluation

3. Reasons for the rise: 1. Self: Decentralization (institutions can't freeze your bitcoin), difficulty in cracking, and certain anonymity. 2. When social problems occur, people worry about the preservation of traditional currency: for example, in 2013, in order to obtain the EU's 10 billion euro emergency aid loan, the government of Cyprus will levy a deposit tax on local bank depositors. In order to avoid policy risks, the public scrambled to change their currency into bitcoin. Then it spread to many countries in the euro area. It triggered bitcoin's first massive rise. For example, the new crown black swan event in 2020, the global "big water release" (negative interest rate), the decline of the influence of the US dollar, and the people and the government need the means to maintain the value of assets. 3. With the popularity of blockchain, a large number of institutions have entered the market. Traditional financial institutions, listed companies, and paypal have all promoted the rise of bitcoin. However, e to the limited supply, the demand has increased greatly, which has promoted the price rise.

4. Bitcoin is a kind of cryptocurrency, but because the blockchain technology was used to lock the market area at the beginning, the amount of bitcoin in the market is certain. If users want to get bitcoin, they have to spend power and computing power to "dig" bitcoin, so mining machines appear. The figurative metaphor is that the miner is a machine used to dig bitcoin. Its emergence not only improves the efficiency of digging bitcoin, but also promotes the rapid development of the instry

cryptocurrency has an exchange, but its price is determined according to the change of stock in the market. Many people want to buy bitcoin and other currencies, they have to go to these exchanges to buy, sell and other operations. In other words, the exchange provides a platform to facilitate bitcoin trading. Because of its encryption property, it is difficult for the regulatory level to uniformly deploy and implement relevant measures, so many countries prohibit bitcoin trading

but even so, bitcoin still has a high transaction value, part of which is the labor and cost of digging out coins, part of which is e to market factors. The total amount of coins is determined, so every coin g out will be one less. From the perspective of Marketization, the value of bitcoin will be higher and higher. Therefore, many people think that bitcoin has great value-added space, and many investors choose to hold bitcoin for a long time. As a result, the underlying bitcoin value is locked in. Later, bitcoin was also used in some social activities. For example, some foreign companies used bitcoin to pay their employees, and even bitcoin could be used for shopping

once the underlying value is determined, the sharp rise and fall of bitcoin is dominated by market behavior. This kind of uncertainty is more serious, and the market fluctuates more frequently. In the absence of relevant credit endorsement support, naturally, once there is any disturbance, bitcoin's value will fluctuate greatly.

5. Every time bitcoin is halved, there is indeed a surge. But if you have studied bitcoin, every surge has a cycle, that is, it will not surge immediately after the proction rection. There is a long process, which may take one or two years
for reference only, it has no practical significance. After all, I don't count.

6. March 11 gray trust position
BTC - total holding: 655355btc, gray BTC unit price: $53267.69, current premium rate: - 5.4%, 24h position change: - 35btc, gray position proportion: 3.48%
LTC - total holding: 1463881ltc, gray LTC unit price: $3074.08, current premium rate (+ 1408.7%), 24h position change (+ 2449ltc, Gray position proportion: 1.98%
eth -- total holding: 3173595eth, gray eth unit price: $1697.01, current premium rate: - 5.6%, 24h position change: - 220eth, gray position proportion: 2.56%
BCH -- total holding: 293105bch, gray BCH unit price: $2631.85, current premium rate (+ 373.7%), 24h position change (+ 914bch, Gray position proportion: 1.44%
etc -- total holding: 12427501etc, unit price of gray etc: $15.54, current premium rate: + 30.4%, 24h position change: + 82027etc, gray position proportion: 10.57%
Zec -- total holding: 303877zec, unit price of gray Zec: -, current premium rate: -, 24h position change: 0zec, Gray position proportion: 3.25%
Zen -- total holding: 604247zen, gray Zen unit price: -, current premium rate: -, 24h position change: 0zen, gray position proportion: 6.26%
XLM -- total holding: 63021829xlm, gray XLM unit price: -, current premium rate: -, 24h position change: 0xlm, Gray position proportion: 0.25%
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7.

Recently, Tencent Yujian Threat Intelligence Center has detected that Lazarus, a suspected hacker organization in North Korea, is active again. It frequently attacks by using the latest Flash vulnerability cve-2018-4878. It attacks mainly foreign digital currency exchanges by spreading malicious DOC documents that hide fallchill remote control Trojan horse

After analyzing and tracing the source, Tencent security anti-virus laboratory found that the load unloaded by the malicious document is the latest variant of fallchill remote control Trojan horse. Fallchill trojan is a Trojan developed and used by Lazarus, a hacker organization in North Korea. It first appeared in early 2017. The Trojan can realize remote file operation, remote process operation, remote information acquisition, self unloading and other functions. Once the user is recruited, the important computer information will face great threat

8. The rise and fall of the stock is very normal. Sometimes he doesn't go up for a long time. Maybe the stocks you buy are not good enough. Have a little patience to wait, or wait for a good time to give him no loss. Sell it to her.

9.

In fact, this is a totally wrong way of thinking. If the price of bitcoin falls, it means it's not far from cool. Then I am in this world all commodity prices fall, is this instry basically finished? We can't judge the form of an instry simply by the rise and fall of prices. Now let's talk about the impact of bitcoin's price decline? What causes it to fall{ RRRRR}

Third, how to look at the future trend of bitcoin

bitcoin will definitely experience several big falls in the future, and return to a more rational level. After all, its price rise was too high before. And most importantly, other countries have already started to develop their own digital currencies. Once these digital currencies are implemented, the status of virtual currency will be shaken