Bitcoin prices fell 25% in one day

1.

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 said

Roger 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 $4300

said 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."

2.

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to ask how much worry you can have, which is like worrying about money
since December last year, the price of bitcoin has continued to decline, with the average price of bitcoin hovering at US $6000. For old chives, the bear market of "bitcoin circle" for half a year seems nothing, but for those who have not yet entered, their hearts are full of doubts. Is this a new round of bear market of "coin circle", Or does it mean bitcoin has taken off all its packaging and returned to its e value. Perhaps the collapse of the currency circle is not a "bear market". Bitcoin has fallen from US $20000 to US $6000, Ethereum has fallen from the highest US $1500 to more than US $300, the prices of various air currencies and counterfeit currencies have been cleared, and the total market value of global digital currencies has fallen from more than US $800 billion to the lowest US $260 billion. More people call this a long bear market of the "currency circle", When all bad currencies leave the market, the currency circle will return to the bull market

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3. The main reason for giving him big B is because of the large increase in the previous period. So. Wang Hui, down. It's also a normal one. The law of rise and fall. If it goes up too much, it will go out. One more thing. It is directly related to the economic downturn in the world.

4. The concept of supply and demand is one of the basic laws of economics. In short, the rarer things are and the more they are needed, the higher the price is
the bitcoin protocol predetermines the number of currencies in circulation to be 21 million. There are less than 4 million bitcoins left to mine, and with the popularity of cryptocurrency, scarcity seems to have an impact on prices
of course, we also see the price drop e to the same mechanism. Once Nobuaki Kobayashi, the trustee of Mt. GOx, declared bankruptcy, a large number of bitcoins were sold, and the price began to fall as the market was expected to flood< Although bitcoin is the most famous cryptocurrency with the largest circulation at present, investors also have hundreds of other options for cryptocurrencies. Generally speaking, the existence of competitors can guarantee the investment value. Without strong alternatives, such as the euro, the Renminbi or the pound, the value of the dollar would be different. However, the speculative and quasi legal status of cryptocurrency makes it difficult to understand how competition rules will affect pricing
however, as far as the current situation is concerned, bitcoin is still the best in terms of traffic volume, penetration and application. However, with the continuous development of cryptocurrency and the improvement of the ecology of other competitive currencies, bitcoin should also speed up its integration into the society, and always ensure its "big brother" status in order to continue to appreciate
regulatory issues

with the popularity of bitcoin in the world, the regulatory agencies of various countries are also racking their brains to deal with this new species. They must figure out several issues surrounding bitcoin, such as how a country's tax system treats this new currency, whether it should regulate cryptocurrency, and how to regulate it
the two events highlight that regulatory measures will have a significant impact on currency prices. Just after Japan announced that bitcoin would be regarded as legal currency, the price of bitcoin increased by 2% in one day. Over the next two months, the global price of bitcoin soared by 160%. When China announced the closure of several major cryptocurrency exchanges and the ban on domestic ICO, the price of bitcoin fell 29% in one day
although many people think that the legislative provisions are unfavorable to the encryption field, the fact is just the opposite. Although bitcoin has been in existence for nearly a decade, it gained fame in 2017 e to the sharp rise in price. In other words, in the eyes of ordinary people, this is a relatively new field
what a new market needs most is clear, concise and powerful regulations to provide potential investors with some security and a framework they can understand
how regulatory regulations deal with issues that may affect the prices of bitcoin and other virtual currencies. Earlier this year, when China announced a ban on initial coin procts (ICO), the price of bitcoin fell 5%, while eth, the second-largest cryptocurrency by market value, fell more than 12%. This is a clear example of how such a direct regulatory move could have a huge impact on the price of the bitcoin
to sum up, the most important factor affecting the price trend of bitcoin is market sentiment. If you can grasp the trend of market sentiment, you can grasp the trend of bitcoin price.

5.

The sharp drop in the price of bitcoin will affect the stock market, and the funds that buy bitcoin and the blocks related to blockchain will fall e to the sharp drop in the price of bitcoin

with the continuous development of science and technology and the emergence of emerging instries, bitcoin, as an emerging instry, has attracted the attention of many people. Bitcoin has increased tens of thousands of times in more than ten years, which makes many people feel incredible. Bitcoin has also become a symbol of wealth in everyone's mind. The sharp drop in the price of bitcoin will have an impact on the stock market, especially on the bitcoin funds and blockchain technology, which are closely related to bitcoin. The sharp drop in bitcoin will also cause investors' losses

6.

Bitcoin burst in one day, and the price of 3.7 billion bitcoin keeps rising. For those large holders, they don't care, because the price rise of bitcoin is related to them, they buy a lot, which leads to the price rise, but it has an impact on retail investors

if you also like to invest, you can consider the fund, because although the fund is in the summer now, you have to say that it is a time when it can make a bottom. As for whether this is the real bottom, I don't know. However, the risk of the fund is much lower than that of the special currency, and the risk of the stock is higher, However, the stock trading system has been mature, it does not have so many trading risks, at most is the risk of price changes