Bitcoin soared in October
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
isn't this idea for fear that the world will not be in chaos? No, no, it's a cruel reality. If we look back at the birth of bitcoin, we will find that the root cause of bitcoin is that the US subprime mortgage crisis has spread to the whole world, resulting in the disorder of the world's economic system, and various countries have issued money printing policies, giving birth to bitcoin, such a "devil of the world". The inventor Nakamoto told economists all over the world, In fact, you can still play like this
bitcoin actually allows people to return to a credit controllable system, but it's too far ahead of time and leads to too big a step. Therefore, from the current point of view, bitcoin is more similar to gold and other safe haven assets. This kind of image is just a superficial likeness. Bitcoin has many scientific and technological advantages in its essence, but it can't play e to many restrictions for the time being. Therefore, if bitcoin wants to rise rapidly, it still depends on the "instability" of the economic system
this kind of thing has happened before. The Bank of Cyprus incident once pushed bitcoin soaring. Now, if there is another "second in Cyprus", I believe bitcoin will have a chance
is this a dream? No, the financial system at this stage has exposed various kinds of crisis. Russia's economy seems to be collapsing because of the fall of crude oil price, a lot of local debts in China can't be paid off, the government is playing hard to cut interest rates and reserve requirements, and the European debt crisis is getting worse and worse... Today's society is in the information age and the Internet age, If the spark can't be fixed, light the powder keg
the possibility of a rapid outbreak of economic crisis still exists, but no one can say for sure. Who knows whether the world will be transformed into a fast lane for a long time and will not be sick again? Marx said that economic crisis will appear periodically in capitalist society, but when will the next big outbreak take place
maybe in more than ten years, maybe in the next second, heaven or hell, there is no way to check.
Bitcoin is the first and most popular decentralized cryptocurrency. At present, there are hundreds of cryptocurrencies in the world, some of which are growing geometrically. But the main focus is bitcoin. First, it's the most expensive cryptocurrency. Second, more than 100 million people around the world are bitcoin holders. In December 2017, when cryptocurrency became popular, the price of bitcoin suddenly rose to $20000. We invested a lot of money not only to buy cryptocurrency, but also to mine bitcoin and build a huge & lt; mining & quot;, With the installation of mining equipment, almost as much electricity is consumed as in small cities. Some entrepreneurs have invested hundreds of millions of dollars in mining. Mining equipment manufacturers are doing quite well. For example, bitland's special offer integrated circuit ant miner S9 miner costs $6500{ RRRRR}
of course, bitcoin and other decentralized cryptocurrencies are extremely volatile and unpredictable assets. Therefore, the investors are optimists or professional investors without roads. Due to the unstable exchange rate, bitcoin is difficult to become a means of payment and storage tool, and cryptocurrency cannot be widely circulated. If the world economy is stable, there will be investment tools with good income forecasts
After the recent price fluctuation of bitcoin, many people who invest in bitcoin have lost money or even burst their positions, which has aroused the attention of many netizens. In fact, these people who lose money or even burst their positions don't hold bitcoin, they just fry bitcoin like futures, so it's inevitable when the price fluctuates. Only those who dig bitcoin are not affected by the price fluctuation
in general, although the price of bitcoin is 45 million times higher than that at the beginning of its birth, because some people invest in bitcoin futures, they will naturally suffer losses and burst positions when the price fluctuates