BTC soaring

1.

bitcoin bulls often mention that the scarcity value of this cryptocurrency is the main reason for its continued rise. Bitcoin is similar to gold to some extent. The growth of its supply is extremely slow, and it is still slowing down. Its total supply will only reach 21 million

with the increasing interest of institutional investors and retail investors in bitcoin, global exchanges such as the Chicago Board of options (CBOE) have launched bitcoin futures contracts. This is likely to encourage more institutional investors to invest in bitcoin, while at the same time further curbing the price volatility of bitcoin

this much anticipated bitcoin futures trading has been launched on the Chicago Board of options exchange, which represents a significant step in the legalization of cryptocurrency. Futures is a derivative / financial instrument, which can force dealers to buy and sell an asset at a specific time and price

2.

As for bitcoin's sharp rise and breaking the $48000 mark, I believe no one will expect that. What are the reasons for bitcoin's sharp rise? Will bitcoin continue to soar in the future? With these questions, let's analyze this problem. Here are my personal thoughts and opinions, for your reference and discussion only

problem analysis

the above has explained various factors of bitcoin soaring, but none of these factors is under our personal control, and when you invest, you can't guarantee that you can bear the loss, so when you choose to invest in bitcoin, you are doomed to pay for your decision, The world is so big and there are so many procts to invest in. Why choose bitcoin with such high risk? The above is my personal views and ideas, for reference only

3.

But today's bitcoin market is so hot and the price is rising so fast. It is also because bitcoin investors and holders do a lot of business through high-frequency trading. In fact, it does not reflect the real demand of the market. So if we continue, one day we will realize that our actions are not creating value, but transferring funds, and then the market will burst

therefore, many investors are still cautious in choosing bitcoin. After all, bitcoin is a virtual currency. If one day the state intervenes to strengthen supervision, investors are likely to pay a high price. Before investing, they should carefully consider the risks and their own tolerance, and invest rationally

4. What drives bitcoin to soar
supply and demand
when compared with other virtual currencies, bitcoin always mentions "fixed output 21 million". In the early years, bitcoin had not been exposed to investors in a large area. It proced a lot and g a lot, but there was no demand. But now purchase bitcoin, the price is expensive, the output is small, the demand is big
analysts of jiafengruide believe that when there is an imbalance between supply and demand, commodity prices will be affected. Influenced by the policy, many bitcoin holders are now keeping a wait-and-see attitude. The decrease of bitcoin in circulation in the market and the increasing demand for bitcoin in the market are bound to push the price up, but in fact, it will not be the investment speculators who come into the market at this high level who will benefit in the end
popularization of regional chain
the report released by UBS in October mentioned the problem of regional chain technology. The report shows that by 2027, the global investment value of regional chain technology will reach 300 billion to 400 billion US dollars. And the regional chain as an infrastructure development, will be applied to more and more scenarios
at that time, whether the popularity of regional chain will raise the price of bitcoin is also full of uncertainty
investor confidence remains unchanged
although many institutions and financial giants are short of bitcoin, investors are still confident in the future value of bitcoin. After all, in history, is there any trading proct that can soar 7.54 million times in eight years
analysts at Jifeng Reed said that 10 years ago, the impact of the financial crisis left many countries so far unshadowed, and the share price bubble continued to expand, and investors would worry whether the original financial system would collapse again. Bitcoin, which has a strong performance, will attract more investors with capital inflows, thus driving up prices. In a way, bitcoin is already a safe haven
although the trading of bitcoin was suspended by China in September this year, bitcoin surged by more than 233% after de Sinicization< In November, bitcoin began to hard bifurcate, that is to say, the regional chain was divided into two parts, which is equivalent to doubling the issue of bitcoin, which means that the value of bitcoin will be diluted. Affected by the impending start of hard bifurcations, bitcoin started on November 9 and has been on the decline for four days
the suspension of the 2x fork, originally scheled for November 16, has eased the anxiety over the expansion of the bitcoin instry chain, and the market is a little relieved of the possible collapse crisis caused by the fork
bubble greater risk
many investors have seen the bitcoin appreciation and profit margins after they have entered the bitcoin trading market. However, the current domestic large-scale bitcoin trading platform has been completely closed, and the regulatory level has not relaxed the entry of bitcoin into the domestic market
bitcoin, as a speculative commodity, has great bubbles and unknown risks. We tend to ignore the risk, and it is often the risk that damages the funds in our pockets. When participating in a high-risk market, we must reasonably allocate personal assets, such as the allocation of stable financial procts such as stable profit selection investment plan. We must not use all our wealth to allocate high-risk investment procts
in a word, bitcoin has risen dramatically in recent years. It's hard to avoid some words like "you are the richest man in China now if you bought bitcoin eight years ago". But eight years ago, you didn't know that bitcoin could be as brilliant as it is today. You might as well change your vision and look for the next "bitcoin".

5. Reasons for bitcoin's surge:
factor 1: bitcoin's spot trading volume rose
the decline on March 13 caused BTC to drop from US $8000 to US $3600 within 24 hours, and the buying volume of coinbase, Kraken, binance, bitfinex and other spot exchanges surged
at the same time, open positions (used to describe the total number of long and short positions opened at a specific time) fell sharply in mainstream futures exchanges (including bitmex, binance futures and okex)
the sharp decline of open position and the obvious increase of spot purchase volume of futures exchange actually lead to the transformation of the market. The spot market began to control the price of bitcoin, rather than the futures market
the futures market usually causes sharp fluctuations in the price of bitcoin, because traders use leverage (borrowed funds) to trade cryptocurrency, while in the spot market, investors buy and sell bitcoin without borrowing funds
this change has stabilized the market, enabled the price of bitcoin to rebound without a significant correction, and the volatility is relatively low

factor 2: BTC should not have fallen below $4000 at the beginning
on March 31, coinbase published a blog post, describing in detail the market trend after bitcoin plummeted to $3600
the exchange said that most users of the platform bought bitcoin after a sudden decline, adding that the waterfall clearing led to a much lower decline in bitcoin on the futures exchange than on the spot exchange
coinbase explained: "waterfall clearing is the most prominent in bitmex, which provides highly leveraged procts. During the sell-off period, bitcoin trading price on bitmex was much lower than other exchanges. Until bitmex was maintained at the time of the highest volatility (based on DDoS attacks), waterfall clearing was suspended and prices rebounded rapidly. When the st settles, bitcoin hovers around $5000, before plummeting below $4000. "
this opens up a theory that bitcoin should not have fallen to $3000 in the first place, which explains why bitcoin rebounded rapidly to $7350 in a V-shape

factor 3: rapid recovery to key support level
since the beginning of 2018, the level of $5800 has been an important support area in history. Avoid bitcoin prices falling between $3000 and $4000, except in December 2018
bitcoin prices quickly recovered from the $3000 range to $5800 in seven days. After three tests in March, the price of $5800 became a strong bottom, allowing bitcoin to continue its rally.

6. It's just a reflection

7. The cultivation of computational ability is an important task in primary school mathematics teaching. The level of a person's computing ability is the embodiment of his thinking agility and thinking flexibility in computing, which reflects the level of his basic mathematical quality. The level of computing ability not only affects students' academic performance, but also directly affects students' intellectual development, and also has a direct impact on students' future study and work. In the primary school stage, the main purpose is to cultivate students' ability to calculate integers, decimals and fractions, and to achieve correct and rapid calculation. At the same time, the method is required to be reasonable and flexible. How to cultivate and improve students' computing ability to meet the above requirements
in this paper, I would like to talk about some superficial understanding of this problem< First, we should fully understand the importance of developing computing ability
one of the aims of primary school mathematics teaching is to cultivate students' computational ability, and teachers must have enough understanding. Some teachers don't pay enough attention to the cultivation and improvement of students' computing ability, and they don't let students find the rules and interests of computing. This is a big obstacle to cultivate and improve students' computing ability, which must be removed. Computational ability is a necessary ability for students< Number and calculation are widely used in daily life, work and study. In the real world, from the perspective of mathematics, there are mainly three aspects: number, quantity and shape. However, measurement is inseparable from number and calculation, and the quantification of body size is inseparable from number and calculation. Therefore, number and calculation are the most basic tools for people to understand the objective world and the basic knowledge and skills that every citizen should master< Number and calculation are the basis for students to learn other mathematical knowledge and even other subjects. This part of the knowledge is not good, students can not enter the normal learning< Number and calculation play an important role in cultivating students' thinking ability. Mastering the process of number and calculation is also the process of cultivating students' abstract generalization ability. In this way, students also develop the ability of abstract generalization in the process of learning to master the knowledge of number and calculation
4. The teaching of number and calculation is concive to infiltrating the enlightenment ecation of dialectical materialism. The concept of number is graally formed and developed with the needs of human life and practice. When teachers want to teach the concept of number, the relationship between calculation method and calculation method, they can infiltrate the enlightenment ecation of dialectical materialism
Second, clarify the calculation theory and improve the teaching quality of calculation
in the teaching of calculation, teachers should pay attention to explain the principle of calculation and reveal the law of calculation, so that students can know what it is and why it is
1. The abstraction of arithmetic is a difficult point in primary school teaching. In teaching, we try to transform the abstraction into the concrete by means of visual demonstration, so as to make the arithmetic clear
2. Learn to operate with tools, explore and comprehend. Psychologists believe that thinking begins with action. To enable students to master mathematical knowledge and promote the development of thinking, it is necessary to build a bridge between image thinking and mathematical abstraction, and give full play to the role of learning tools. For example, if the students have difficulty in understanding the "method of making up ten" in addition within 20, we will ask them to come out with sticks to help them learn the calculation method of "making up ten" by playing with sticks
3. Contact with practice to deepen understanding. Using students' existing knowledge and experience to understand new knowledge is the main way to construct teaching knowledge structure. Properly using old knowledge in teaching, assimilating new knowledge through analogy, and realizing positive transfer of knowledge are concive to students' understanding of new knowledge and recognition of new knowledge structure. For example, when teaching the calculation method of decimal addition, we can use the rate relationship of RMB units that students are familiar with to explain the reason that decimal points must be aligned
4. Pay attention to perception and strengthen stimulation. For the parts that are easy to be ignored by students, we should pay attention to strengthen the stimulation intensity (such as emphasis on entering and leaving places, emphasis on the treatment of decimal points, etc.) to attract students' attention, leave students a clear and correct impression, and avoid and rece errors in future calculation
5. According to the characteristics that students are prone to illusion and thinking set, we should consciously differentiate and compare the similar concepts, rules and formulas, so as to promote the accurate differentiation of new and old knowledge
6. Practice in time to consolidate and improve. Carry out targeted exercises, strengthen the key points and difficulties in the calculation process, and strive to consolidate in class
7. Pay attention to feedback and correct in time. Timely feedback, find out the students' mistakes, help students analyze the reasons and correct the mistakes in time< Third, we should deal with the relationship between written and oral arithmetic
oral arithmetic is a kind of calculation method which can only calculate and get the results by thinking and language without any tools. It has the characteristics of fast and flexible
mental arithmetic is an important part of computing power. Oral calculation is the basis of written calculation and estimation. Both written calculation and estimation ability are developed on the basis of accurate and skilled oral calculation ability. Without a certain basis of oral calculation, the cultivation of written calculation and estimation ability becomes the water without source. In addition, mental arithmetic is widely used in daily life, proction and scientific research. Therefore, it is very important to insist on the training of oral arithmetic and listening arithmetic in teaching to improve students' computing ability
(1) oral arithmetic teaching must run through the whole process of primary school mathematics teaching. In the lower grades, basic oral arithmetic such as addition and subtraction within 20, multiplication within the table and division are arranged; The middle grade arranges some oral arithmetic which is the basis of written arithmetic and often used in daily life; In order to cultivate students' ability of using knowledge flexibly and their ability of oral calculation, senior students arrange some questions of using operation law to do oral calculation in exercises. Each teaching reference book puts forward the requirements for the oral arithmetic of this semester in stages. Teachers should make the cultivation of oral arithmetic ability to be implemented, and effectively improve students' oral arithmetic ability
(2) arrange oral calculation reasonably. In compulsory textbooks, the basic oral arithmetic, which is the basis of written arithmetic, is taught before written arithmetic, while some difficult but not the most basic ones are taught after written arithmetic, so as to further improve students' oral arithmetic ability. For example, addition and subtraction within 20 is an important foundation of addition and subtraction, and only oral arithmetic is taught. In addition and subtraction within 100, two digit addition, subtraction of one digit and integral tens, such as 27 + 6, 27 + 30, are the basis of both written and oral arithmetic. Therefore, this part of the content before the written calculation, only teaching oral calculation; It is more difficult for students to master double-digit plus or minus double-digit, so the first grade first teaches written arithmetic, and the second grade further requires oral arithmetic. In this way, students can not only learn written arithmetic, but also form a strong ability of oral arithmetic
(3) pay attention to the teaching of oral arithmetic. Oral examples should pay attention to the intuitive demonstration and operation to make students understand the calculation theory
(4) teach students oral arithmetic and develop their thinking. In order to improve students' ability of oral arithmetic, we should teach students correct methods of oral arithmetic. The methods are various, and we should guide students to choose the methods that they can easily understand and master. Never guide students to do oral arithmetic with the method of written arithmetic. Two digit addition: 28 + 37. I find that some students think like this: 8 + 7 = 15, indivial digit is 5, ten digit is 2 + 3 + 1 = 6, ten digit is 6. This is completely the idea of written calculation. In fact, you should think like this: 28 + 30 = 58, 58 + 7 = 75. You don't need to have a vertical pattern in your head
practice has proved that strengthening the training of oral arithmetic can not only improve the calculation level of students, but also develop their thinking ability< Fourth, encourage students to use simple algorithms to improve their ability and develop their thinking
simple calculation is a practical and effective method to improve students' calculation speed. Simple calculation often uses certain operation laws, such as addition calculation often uses addition exchange law, addition combination law, and multiplication exchange law, multiplication combination law, multiplication distribution law, etc. in multiplication calculation, some calculations are simplified from complex to easy. The study of simple calculation can not only improve the students' calculation speed, rece the calculation errors, but also help the development of students' thinking. Therefore, in the teaching process, teachers should strengthen the teaching of simple methods
in addition, let students remember some common data, which can simplify the calculation process and improve the calculation speed. I remember an ecator said that a person's memory before the age of 13 is the best. He can remember a lot of things at this stage. Although he doesn't know why and how, these things don't affect his memory. The unknown reasons of these knowledge will be solved with the growth of his age and the increase of his knowledge. Therefore, we should pay attention to the development of students' memory, especially before the age of 13. The content of calculation in middle and high grades is extensive, comprehensive and comprehensive. Some common operations are often encountered in real life. These operations have no specific rules of oral arithmetic, and must be solved by strengthening memory training. The main contents of my intensive training are as follows: 1) the square result of each number from 1 to 10 in the natural number; ② A method of oral calculation for the square result of two digit number of 5 on a digit; ③ Some specific calculation results, such as 125 × 8＝1000，25 × 4 = 100, 0.25 =, 0.75 =, 0.125 =, 0.375 =, 0.625 = etc. These special calculation results are frequently used in practice, homework and life. If we master and remember them skillfully, we can transform them into abilities, which play a good role in calculation and proce high efficiency< 5. Pay attention to cultivate the good habit of careful examination and calculation
the teaching of calculation also needs to train students to form the habit of careful examination and examination. Don't just shout "be careful!" to students, To teach methods, strict requirements, form habits, improve the accuracy of calculation
the new curriculum standard points out that we should pay attention to the cultivation of students' habit of inspection. Inspection is a good way, it can make people find their own mistakes in time and correct them in time. In the process of teaching, teachers should pay attention to strengthen the teaching of checking calculation, let students use different methods to test a problem, master the test method, and skillfully use this method to judge the correctness of the answers to similar problems
six relations between addition, subtraction, multiplication and division are often used in checking. The estimation is often based on the variation of proct and quotient. For example: according to the multiplier & gt; 1, proct & gt; Multiplicand (except 0); Multiplier = 1, proct = multiplicand; If the multiplier is less than 1, the proct is less than the multiplicand (except 0), you can judge which of the following questions is greater than the multiplicand, which is less than the multiplicand, and which is equal to the multiplicand: 8 × 、 nine × 、 one × 2、0.9 × 16、5 × 1、3 × 、 × 1 According to divisor > 1, quotient < divisor (except 0); Divisor = 1, quotient = dividend; If the divisor is less than 1, the quotient is greater than the divisor (except 0), it can be judged without calculation ÷ 14、8 ÷ 1 、21 ÷ 、 ÷ 7、2 ÷ 1、0.45 ÷ Is the quotient greater than the divisor, less than the divisor, or equal to the divisor< Sixth, enrich learning activities, be happy with teaching and learning, and stimulate students' interest
the calculation problem is composed of numbers and abstract operation symbols, which makes students easily feel irritable and tired. Therefore, teachers should