BTC fear index

1. One minute is a relatively reasonable time, because the type of guessing is very suitable for passing the time

2.

The impact of the okex incident on the currency market is fading; With the US election becoming increasingly white hot, the difficulty and hash rate of bitcoin are higher than before

in terms of price, so far, BTC has rushed to around us $11720, with a 24-hour increase of more than 2%

so the question is: where will bitcoin go in the next week

here are five factors that may affect the BTC price trend in the coming week

No.1 US macro level: election and stimulus plan this week, the US is the absolute focus of the macro market. The US presidential election will soon usher in a decisive moment (November 3)

analysts warn that if the Democratic Party (Biden) wins, the dollar will depreciate - and the long-term outlook for the dollar is already precarious. Goldman Sachs said last week that Trump's re-election was not enough to get the dollar out of danger

however, no matter what the election result is, professionals recommend buying gold as a hedge. However, in the view of others, bitcoin may bring more profits

However, e to the inverse correlation between BTC / USD and the dollar currency index (DXY), the strength of the US dollar, in the view of some bitcoin traders, will still affect the price trend of bitcoin. Although this correlation has become less and less obvious in recent weeks, the sudden weakness of the US dollar is still likely to be a boon for bitcoin

six month chart of US dollar currency index. Source: tradingview

at the same time, not only the election, but also what happened before is also a topic of interest. Specifically, a coronavirus stimulus plan was in place before polling day

If this happens, trillions of dollars of liquidity will increase the growing debt pile of the United States, and Americans will see additional benefits, such as an additional $1200 economic stimulus plan

No.2 Europe suggests more intervention

with the outbreak again, the European Central Bank (ECB) is considering further measures

European Central Bank President Christina; In an interview with Le Monde on Monday, Lagarde said the European Central Bank would use more financial instruments if necessary

the European Central Bank's coronavirus stimulus program has purchased a total of 1.5 trillion euros of assets

"We haven't run out of options in our toolbox yet," says Lagarde

brexit is increasingly moving towards "no agreement" brexit, which makes the possibility of instability worse

No.3 the fundamentals of bitcoin have reached a new high

recently, bitcoin has maintained a strong resilience in the face of various black swan events. Influenced by okex, BTC recently dropped below $11200, but recovered steadily soon. So far, it has exceeded $11600

and on the technical level, the fundamentals of bitcoin also maintained a record strength this month

two days ago, the difficulty of the latest adjustment increased by 3.5% than expected

at the same time, the hash rate also climbed to a record high on Monday. At the time of publication, the estimated computing power for mining is 146 exahashs (EH / s) per second

as often reported in the media, the popular theory is that the price follows the hash rate, because the long-term investment prospect of bitcoin is better than ever before

bitcoin 7-day average hash rate 1-month chart

No.4 analysts focus on $12000 BTC price breakthrough

for famous analyst Micha & # 235; For Lvan de Poppe, the key price conversion of bitcoin is becoming more and more reasonable

in his latest video update on Sunday, he stressed that the significant resistance level of weekly closing price below US $12000 for several consecutive years will soon end

Van de Popper believes that since the beginning of the bear market in early 2018, US $12000 has become the rejection point of the weekly chart, but the consolidation below cannot last forever

he concluded: "we are likely to rebound to the range of US $16000 to US $17000, because this is the obvious level and the last obstacle for bitcoin to begin to break through the all-time high."

after this move, there will be another consolidation period, which may last longer than the current period

van der BOPP added that he advised viewers to work hard to accumulate bitcoin, even in the $16000 range

BTC / USD 7-day price trend chart. Data source: coin360

No.5 market sentiment: greed is back

with the graal strengthening of prices, investor sentiment is also changing: data shows that investor sentiment is becoming more and more greedy. In the latest market data, the fear and greed index has returned to the "greedy" area, rising slightly from "neutral" in the past week

this indicates that bitcoin investors' emotional expectations will be bullish, but it should be noted that if the price rises too fast, "greed" will become "extreme greed", in which case the index is more likely to callback

3. Obviously, the price of the spot market has changed e to the contract, but the risk of the contract is great

what is bitcoin option

the so-called bitcoin option is to predict the future rise and fall of bitcoin. In operation, if you expect to call, you will buy up and if you expect to put, you will buy down. The calculation of profit is the same as that of spot goods. When buying up, you can earn as much as you go up in the cycle. When buying down, you can earn as much as you go down in the cycle. In short, it is to use a very small principal to bet on the rise and fall space of the future range, so as to obtain a high return

how to play bitcoin options

for example, if the current price of bitcoin is $10000, you think it will rise in the next hour, so you open a one hour call option, which costs 20 usdt. As expected, bitcoin rose by US $1000 in one hour. When it matures in one hour, the system automatically settles, and you get a return of US $1000, which is 50 times that of the principal

if bitcoin falls in the next hour, you will lose the principal of 20 usdt options, which is the advantage of "unlimited return and limited risk".

4.

The main cross-border e-commerce platforms at home and abroad are as follows:

1. International B2C cross-border e-commerce platforms: sumitong, Amazon, eBay, wish, Lanting Jishi, Dunhuang

2. Import cross-border e-commerce platforms: foreign terminal, tmall global, Suning cloud, Kaola and Shunfeng

the growth of new platforms mainly focuses on local cross-border e-commerce platforms, such as flipkart India, yandex Russia, tobox Russia, trade New Zealand, etc

Cross border e-commerce is based on the development of the network. The unique value standards and behavior patterns of cyberspace have a profound impact on cross-border e-commerce, making it different from the traditional way of transaction and showing its own characteristics

Transnational E-commerce has many characteristics different from the traditional trade mode, but the traditional tax system is proced under the traditional trade mode, which is bound to be full of loopholes in e-commerce trade. The network has a profound impact on human society, and also brings unprecedented impact and challenge to the tax legal norms

5. The biggest cost of mining is electricity. If you use electricity to dig in your home, how much will you lose if you dig more than once. But the platform side builds a mine in a very remote place, where the electricity is very cheap, which is basically 2-3 Mao / kWh, and the profit is very large. The platform side obtains the user's deposit by renting the computing power, and then goes to buy the mining machine, A miner is distributed to the user, and the remaining mining revenue is owned by the platform side. Now the platform revenue of conscience mining is in this range, so there is no problem.

6. OK should be the first exchange to push the index. It should be good

7. Yes, so it's not easy to say OK

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9. Insight bit index. IBI is the world's first bitcoin based composite index released by insight chain, covering all cryptocurrencies traded in global exchanges, tracking the real-time fluctuation of the market value of more than 1500 cryptocurrencies, and providing the public with the bit fluctuation standard of digital currency market
IBI takes January 1, 2017 as the base date, takes the total market value of cryptocurrencies traded in all exchanges on that day relative to bitcoin as the base date, and records it as 100, and the subsequent daily IBI value is the relative value of the base date. The calculation formula is as follows: IBI = (∑ (PBI) × Ci) ÷ TB) × B (IBI), where PBI represents the price of bitcoin on a certain day, CI represents the total flux of bitcoin on a certain day, TB represents the total market value of bitcoin on the base date, and B (IBI) represents the benchmark value of IBI on the base date.