Bitcoin fell $1100 in seven days
According to the latest data of bitfinex, poloniex, gdax and other trading platforms, the price of bitcoin continued to decline for six consecutive days. The latest price has reached the $14000 mark of Tiepo, which has dropped more than 30% from the highest point
Once people realize that's how it works, they start selling it, he says. The old bitcoin network may not work
Oldenburg admits that buying, selling or trading bitcoin is not a problem nowadays, but when bitcoin transactions are recorded in the blockchain, that is, when each transaction is recorded in the digital ledger, the problem will come to the surface. The crux of the problem is that you can only process a limited number of transactions per second in a bitcoin network, which in turn depends on the "block size" of memory in which the transactions are stored. Aldenberg said that would lead to the scarcity of liquidity and the unavailability of cryptocurrency
All in all, aldenberg doesn't believe that bitcoin will become the currency people use everyday. As long as the network is run by this group [in the old bitcoin network], these solutions will be found in bitcoin cash, where I will see the future, he saidRoger Waugh, an early investor of bitcoin and known as "bitcoin Jesus", believes that compared with the traditional version of bitcoin, bitcoin cash is faster, cheaper and more reliable. Some people in the market have predicted that bitcoin cash will replace bitcoin as the big boss of cryptocurrency, because bitcoin cash is more suitable for the efficient market
However, on Tuesday, coinbase, the leading bitcoin trading platform in the United States, announced that customers could buy and sell bitcoin cash freely, which prompted the rapid rise of bitcoin cash in the past two days, more than doubled in two trading days and set a record high of US $4300said in a weekly "House View" report: "what we think is all the characteristics of bubbles: high trading volume and little practical use, which indicates that many traders are seeking speculative returns. Although the supply of bitcoin is limited, there are many more widely used cryptocurrencies, and there are now thousands of potential substitutes. "
the report from UBS's chief investment office of wealth management reiterated the bank's attitude in October. UBS said at the time that it believed that the whole encrypted money market was in the "speculative bubble". p>
in this week's report, UBS wrote: "we do not recommend customers to invest in bitcoin or short bitcoin. In principle, the irrational time of these markets is much longer than you can tolerate."
bitcoin, whose price has been around $9000 recently, finally broke through the $10000 mark yesterday (June 2) morning
however, around 11:00 p.m. on the 2nd, & lt; Thrilling & quot; As a result, the price of bitcoin plummeted nearly $800 in six minutes, down nearly 8%
as of 1:00 a.m. on June 3, Beijing time, the amount of bitcoin's full network exposure in the past 24 hours has exceeded 700 million US dollars, about 5.111 billion yuan, and the number of exposure is about 36000{ RRRRR}
Goldman Sachs pointed out that & lt; Cryptocurrency, including bitcoin, is not suitable as an asset class, but a security& rdquo; The reason given by the agency is that the price fluctuation of cryptocurrency has no stable correlation with other assets, and there is no evidence that cryptocurrency can be used as a hedge against inflation. In addition, Goldman said, & lt; The price rise of cryptocurrency mainly depends on whether other people are willing to pay a higher price for it, which is not a suitable investment tool for our customers& rdquo;
secondly, the current market sentiment is bullish, the rising trend is relatively good, and it is difficult to fall
thirdly, the good situation of national new infrastructure is difficult to fall
very large
when the unit price of bitcoin reached the highest level, it reached about US $40000, but now it just fell below the US $10000 mark, many friends who hold bitcoin can't sit still. In order to stop their loss trading in time, they sold all their bitcoin, and even reced the price of their bitcoin in order to recover the funds as soon as possible
and the total amount of bitcoin is extremely limited. Once the total amount of bitcoin is g up, the amount of bitcoin in circulation on the market will graally decrease, because many people have already madly bought a lot of bitcoin at a low price, and now they will make a lot of money even if they sell it at the price of $10000
this process is very similar to a game we played when we were young - drumming and passing flowers. People who take part in this game think that there are so many people, and this flower will never fall into my hands. But when the speed of drumming is faster and faster, and the speed of flower spreading is faster and faster, many people begin to become very nervous. At this time, it is easy to have all kinds of food, so that the flowers will fall into their own hands
it's a surprise that bitcoin's market has plummeted in the past few days, and it has fallen by $7000 in seven days. A while ago, some experts said that it's not too late to buy bitcoin in the market, and they can continue to make a lot of money! However, the people who have entered the market these days have suffered heavy losses. Is bitcoin about to collapse < HR / > < blockquote > the sharp fall of bitcoin market is really surprising! It is also reasonable for the public to worry about the collapse of bitcoin! However, this is a prediction, and it is not accurate. Only time can tell us whether bitcoin will crash in the future! Of course, we can listen to the analysis of professional knowledge in the view of analysts, the sharp decline of bitcoin is closely related to the frequent theft incidents in recent years. On December 21, the media reported that the Ukrainian bitcoin exchange liqui was attacked by hackers, resulting in 60000 bitcoins being stolen and hackers madly shipping. On December 19, youtube, a bitcoin trading platform in South Korea, was also attacked by hackers, resulting in the theft of users' funds. Due to hacker attacks, the platform lost 17% of its assets, and yapian, the parent company of youtube, immediately filed for bankruptcy protection summary: it is understood that the circulation of wax coins in the announcement of the trading platform is 185 million, while the actual circulation in the official wax platform is 1.85 billion. Instry insiders said that this is also a major negative factor in the current digital money market. Xiao Lei said that the fall is a very important turning point, rather than the "bubble" of digital money being broken, but a process of squeezing the bubble in a big way. strong>
It's a kind of virtual currency that attracts a wave of people to reap, and then it slowly exits. How can it reach a new high? There aren't so many idiots
1. When bitcoin is fried to $150000, a drop of $12000 seems insignificant, but this is not the final price limit< p> Bitcoin has only technology cost and service provider cost, and other things are fried. It has no so-called privacy ring the period. There are many similar mining activities, but it is the first to get up, so it is in the lead, and after other mining activities are yellow, it is still strong and can be fried higher and higher
the people who defend the legal line are much smarter than the people who want to play with the virtual currency. Why not put them in? It's because we are afraid that we will become others' leeks, but some of us have & lt; Society limits him to make money; My heart. Let me just ask you a question: if you have a lot of capital, you have 200 billion US dollars, will you take the opportunity of bitcoin's fall to buy it crazily, and then you will be able to understand what it is worth