Is bitcoin collapsing in 2019
Publish: 2021-04-26 05:54:45
1. Because the price of bitcoin has plummeted in recent days, resulting in the capital damage of many investors, and the whole digital money market is full of grief
according to coinsmart, the highest price of BTC this month is $6533.4, while the current price is $4480.87, which once fell to $4100, a new low of this year, with a decrease of about 30%. The market value of bitcoin once evaporated by nearly one third, with a current market value of $548.1 billion
the overall market has fallen so miserably that some of the investors directly involved have lost tens of millions in this market
affected by bitcoin, the mining machine market also suffered. At present, the current price of bitcoin is lower than or close to the mining cost price in many areas, which means that the profit will be greatly reced or even the cost will be lost. Due to the unbearable losses, many players resell "mining equipment", and withdraw from the coin circle. At the same time, e to the currency decline, the income from "mining" can not make up for the hard expenses such as electricity charges, so that some loss making mining machines can only be cleared.
according to coinsmart, the highest price of BTC this month is $6533.4, while the current price is $4480.87, which once fell to $4100, a new low of this year, with a decrease of about 30%. The market value of bitcoin once evaporated by nearly one third, with a current market value of $548.1 billion
the overall market has fallen so miserably that some of the investors directly involved have lost tens of millions in this market
affected by bitcoin, the mining machine market also suffered. At present, the current price of bitcoin is lower than or close to the mining cost price in many areas, which means that the profit will be greatly reced or even the cost will be lost. Due to the unbearable losses, many players resell "mining equipment", and withdraw from the coin circle. At the same time, e to the currency decline, the income from "mining" can not make up for the hard expenses such as electricity charges, so that some loss making mining machines can only be cleared.
2. Not yet in the end, but bargain, there will be a wave of market in 2020
3. The most direct cause of the crash: the bitcoin exchange MT GOx was attacked by hackers, causing a lot of panic selling of bitcoin by investors
in addition, the underlying reason is that the world does not recognize the monetary payment property of bitcoin, but regards it as an investment commodity similar to gold, and even has large-scale capital participation in speculation.
in addition, the underlying reason is that the world does not recognize the monetary payment property of bitcoin, but regards it as an investment commodity similar to gold, and even has large-scale capital participation in speculation.
4. The global economic downturn has brought great pressure on the stock market and other financial markets. The currency market does not have a good bottoming process at present. It is likely to hit a new low again and enter the bottom grinding stage after bottoming out.
5. It can't be simply attributed to the exchange. Sometimes there are sudden short-term fluctuations, and the exchange does participate. But the main topic is about the monthly time span, which is difficult for the exchange to control. It is more the result of the joint operation of hot money and large institutions. However, the sharp decline of the overall currency value can't be separated from the basic economic principle: the relationship between supply and demand, This is beyond anyone's control
6. Bitcoin in the underground market will not collapse. It's like a substance to replace money. If there is a trade, there will be bitcoin. If you are interested, you can reply me to answer for you.
7. Find an axe and chop with an axe
8. Unknown_Error
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