Inside and outside of digital currency
the classic is speechless
bitcoin's popularity means that gold, which is also a safe haven asset, will also usher in a rising opportunity
gold is a traditional wealth inheritance asset, which is easy to carry and store, and has a higher recognition. Although bitcoin has its advantages, people's trust in it is still not high. As a wealth storage tool, bitcoin faces many risks, such as government regulation, bitcoin code problems, and other electronic currency competition, which can lead to its value becoming zero
Before the 1970s, the price of gold was basically decided by governments or central banks, and the international price of gold was relatively stable. In the early 1970s, the gold price was no longer directly linked to the US dollar, the gold price was graally marketized, and the factors affecting the gold price were increasing. Specifically, it can be divided into the following aspects: the gold stock on the earth: there are about 137400 tons of gold in the world, and the stock of gold on the earth is still growing at a rate of about 2% every year
annual supply and demand: the annual supply and demand of gold is about 4200 tons, and the annual new output of gold accounts for 62% of the annual supply
cost of new gold mining: the average total cost of gold mining is slightly less than $260 / oz. Due to the development of mining technology, the cost of gold development has continued to decline in the past 20 years
political, military and economic changes in gold procing countries: no doubt any political and military turbulence in these countries will directly affect the amount of gold proced in the country, and then affect the world gold supply
Central Bank's gold selling: the central bank is the largest holder of gold in the world. In 1969, the official gold reserve was 36458 tons, accounting for 42.6% of the total surface gold stock at that time. In 1998, the official gold reserve was about 34000 tons, accounting for 24.1% of the total gold stock that has been mined. In terms of proction capacity, this is equivalent to 13 years of world gold proction
because the main use of gold has graally changed from an important reserve asset to a metal raw material for jewelry proction, or to improve the country's balance of payments, or to curb the international gold price, the central bank's gold reserves have declined greatly in both absolute and relative quantities in the past 30 years, The decline in the amount of gold mainly depends on the gold market to sell off inventory reserves of gold
for example, the Bank of England's large-scale selling, the Swiss central bank and the International Monetary Fund's preparation to rece gold reserves have become the main reasons for the decline of gold price in the international gold market
1. Different leverage: the trading leverage of external market is higher than that of internal market, which usually reaches 100 times or more, while that of internal market is less than 50 times&# 8194;
2. The settlement currency is different: the settlement unit of the external market is US dollar, and the settlement unit of the internal market is RMB&# 8194;
3. Different regulatory mechanisms: the external market is regulated by FSP and other international regulatory agencies, while the internal market is regulated by domestic regulatory mechanisms&# 8194;
The transaction cost is different: the service charge of internal offer is higher than that of external offer, and the opening cost of external offer is generally a point difference&# 8194;
extended information:
precautions:
after a long period of wave decline, the stock price is at a low price, and the trading volume is extremely shrinking. Since then, the trading volume will be moderate, and the number of external market will increase, which is larger than that of internal market. Therefore, the stock price may rise, which is more reliable
after a long period of wave rise, the stock price is at a higher price with huge trading volume, and can not continue to increase. The number of internal offer is larger than that of external offer, so the stock price may continue to fall
Red and green represent the following meanings respectively:
1. Red represents active buying, which is the volume of transactions according to the selling price
2. Green represents active selling, which is the volume of transaction according to the buying price
active buying refers to the trading volume of active trading at the selling price, which is calculated into the external order. External offer means that the stock is traded at the selling price, and the transaction price is the bid price, which indicates that the buying is more active and promotes the stock price to rise
active selling, also known as active selling, refers to the trading volume of active transaction at the purchase price, which is calculated into the internal market. The so-called internal market means that the stock is traded at the bid price, and the transaction price is the bid price, which indicates that the selling is more active and drives the stock price down
the transaction of active selling is internal, while the transaction of active buying is external. In fact, the inside and outside offer can not reflect the real power of the order. The volume of the order and the volume of the order must be equal. The sum of the inside and outside offer is equal to the total volume
extended data
the market characteristics of the stock market are as follows:
1 there is certain market liquidity, but it mainly depends on the trading volume of the day (the trading volume depends on investors' psychological expectations)
2 the stock market is only open from 9:30 a.m. to 4:00 p.m. New York time (3:00 p.m. in China market), with limited OTC trading after closing
3 the cost and commission are not too high, which is suitable for general investors
4 short selling of stocks is limited by policies (the need to start margin trading business) and capital (about 500000), which makes many traders feel frustrated
5 there are many steps to complete the transaction, which increases the execution error and error
If the external market is larger than the internal market, it means that the supply of the stock is larger than the demand, indicating that there are relatively more shareholders who have the intention to sell. It's possible that the stock price will go down
if the quantity of the external offer is greater than that of the internal offer, the buyer's strength is stronger; if the quantity of the internal offer is greater than that of the external offer, the buyer's strength is stronger. The greater the difference in the number of hands between the outside and the inside, the greater the difference in power between the buyer and the buyer. When using the external and internal market to analyze, investors can judge whether the power of active buying is strong or that of active selling according to the difference between the two, and have insight into the main trend by combining the specific transaction price and the number of transactions of large orders. This technical index is usually used as a short-term work within a day. We usually don't use the changes of external and internal market of multiple days to analyze and judge
extended data:
the reasons for the decline of stocks
(1) the internal factors of the market mainly refer to the supply and demand of the market, that is, the relative proportion of capital and chips. For example, the rhythm of stock market expansion at a certain stage will become an important part of this factor
(2) fundamental factors include macroeconomic factors and internal factors of the company. Macroeconomic factors mainly affect the stock price in the market, including economic growth, economic cycle, interest rate, fiscal revenue and expenditure, money supply, prices, balance of payments, etc. internal factors mainly refer to the financial situation of the company(3) policy factors refer to the major activities at home and abroad that can affect the change of stock price, as well as the government's policies, measures, decrees and other major events, the government's socio-economic development plan, changes in economic policies, new decrees and management regulations, etc