Bitcoin gold market
bitcoin is just like the currency in the game, but no one releases bitcoin. Instead, it relies on a specific algorithm to generate , so now people looking for bitcoin also call themselves miners, but they rely on computers to mine
the rise of bitcoin is e to the restructuring of global risk assets , and the widening of investment channels for encrypted assets . Since the beginning of this year, the volatility of securities and foreign exchange markets has intensified, and global investors are looking for safe assets. Traditional safe asset gold is more dependent on the real economy and inflation expectations, Bitcoin is more like a sensitive index, gaining a certain asset hedging advantage
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.
Bitcoin market can be seen on many platforms, but the premise of these is that you can see it and find a reliable proct platform
here is an example, such as coinplus exchange
1. First, go to the official website of the Canadian dollar station, and then look at the home page
the key point is that the platform is very intimate, and even the download steps have direct guidance
the above are just personal opinions, which can be referred to and guided
At present, the price of bitcoin is mainly driven by the Chinese market, which accounts for more than 90% of the global bitcoin trading volume
some analysts said that the rise of bitcoin was mainly e to capital and currency restrictions in China, India, Venezuela and other countries, which prompted people to buy e-money to maintain their savings, and also promoted investors to keep buying
so far, investors can't help asking whether bitcoin will replace gold as the largest safe haven asset
Ian Bezek, a professional trader, believes that bitcoin and gold have their own strengths, but gold has a greater advantage at this stage
Ian Bezek pointed out that bitcoin is highly accepted in some countries with serious capital controls, such as Argentina, where it is difficult to transfer assets abroad
e to China's economic slowdown and asset outflow, RMB devaluation occurs. Bitcoin is mainly used to convert RMB assets into overseas assets, which is much more convenient than gold
this is not bad news for gold, because the popularity of bitcoin means that gold, which is also a safe haven asset, will also usher in a rising opportunity
money is widely accepted as a medium of exchange. Gold is classified as money, which can be traced back to the early capitalism. At that time, gold could be used to exchange anything, but it didn't play much role. Gold is often in short supply. As a tradable tool and asset currency, it can be exchanged for a certain amount of US dollars
bitcoin has now become a means of online and offline payment, which has been accepted by many countries, but it has not been accepted by the whole world
2. The two are not irreplaceable: gold was used a long time ago, but it was rarely found and created by substitutes like gold. Bitcoin has many substitutes. Who knows what other encrypted electronic currency and technology will destroy the current market
3. Gold is a commodity, but bitcoin is not
gold is a basic commodity or hard asset that can be used in business, and can be used as a material to proce other commodities. People can also use gold for physical delivery and then make it into some other form for use. Although bitcoin is storable, it is not physical and cannot be held, felt or transferred
4. Are bitcoin and gold risk averse
bitcoin and gold are rare, their prices may be volatile, and each of them serves as an alternative investment to those who lack confidence in fiat money and monetary policy. Bitcoin trading is not as easy as gold, because people have to buy bitcoin through online trading platforms or invest in over-the-counter bitcoin trusts.
compared with gold, of course, gold has more long-term investment value since the birth of bitcoin, its price has gone up all the way and become a new favorite of many investors. Some people even think that bitcoin is more worthy of investment than gold. Under this kind of hype, the price of bitcoin is even as high as more than 50000 US dollars. Many people are eager to buy bitcoin, and even many people collect bitcoin
compared with bitcoin, gold is relatively inferior. The price of gold is relatively stable and there is no significant fluctuation. People who buy gold are mainly for hedging. But just because of this, gold has more long-term investment value than bitcoin< the stability of gold price and the low-risk characteristics of gold obviously have more long-term investment value than bitcoin Since bitcoin was developed, it only circulates among a few people. Later, with people's understanding of bitcoin, more and more people joined in the speculation of bitcoin. After these speculators entered, the price of bitcoin went up from a few cents. Especially with the addition of many giants, the price of bitcoin reached tens of thousands of dollars
bitcoin is traded in various exchanges, which are not protected by the state, but just a commercial platform. Some platforms even have users stolen. Moreover, the price fluctuation of bitcoin is very large, which is a high-risk asset. This kind of asset is not suitable for long-term investment, but only for short-term speculation{ RRRRR}
in the short run, the price of gold may not be as good as that of bitcoin, but in the long run, the value of gold will always be maintained, and the value of bitcoin may not be retained. If you have any other opinions, please leave a message to discuss