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The reason of Ethereum's price plummeting

Publish: 2021-05-11 11:20:56
1. About digital currency, say some of their own views, you listen to, feel unreasonable just laugh
money, as a measure of transaction value, does not necessarily have value in itself, it can only be used as an intermediate unit of measurement. It's just like China has only RMB as legal tender, that is to say, government guarantee has value. For example, in those war-torn areas, ten jin currency may not buy an egg, which is the reason
back to digital currency, digital currency, until now, no country has recognized it as the currency in circulation of its own country. It seems that last year or the year before last, our country also banned some. In this case, digital currency can only be sold at a price higher than your purchase price, so that you can make money. But digital currency itself does not have any value. Unlike stocks, it is your ownership of listed companies. So if you can't find someone to buy digital currency, it's worthless
the Ponzi scheme in history, the Dutch tulip, when it was the most expensive, a tulip was worth buying a house. When no one bought it, all the tulips rotted. In addition, they couldn't get a potato. Therefore, Buffett said that digital money is a bubble, which is a hoax.
in addition, there is a saying in the stock market that when all the ladies in the vegetable market begin to discuss the stock market, it is the time when the stock market reaches its peak. In my opinion, this also applies to digital currency. When many people are discussing how to make money and how to make a lot of money, the risk has accumulated to a great extent. Most of the time, when the stock begins to fall, many people are still in the previous inertial thinking, thinking that it will rebound soon, and then it will get lower and lower, and they are more reluctant to sell it. This is why many people hold a high position on it
I'm not sure whether it is the highest point of digital currency, but I think that digital currency, which can be issued by anyone, has no purchase value and can only be sold to others. I think it's a fraud.
2. On June 12, 2017, the price of Ethernet currency broke through $400, a record high. From $8 in February 2017 to $400 on June 15, 2017, the price of Ethernet currency has increased 50 times. However, in the past two years, the currency circle has entered a bear market, and the price of Ethereum has fallen sharply. Now it is still an opportunity to short Ethereum. Investors can log on to the bitnet exchange and participate in Ethereum's short trading.
3. It can be understood that the number of people who support etc is far less than eth, which can be seen from the computational power of mining. If there are many people who support it, the price will be high. At the extreme, an e-coin supported by only a few people is likely to be the same as the one you don't have
central service contract number
4.

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

5. Generally speaking, ETF will rise when the stock goes up, and ETF will fall when the stock goes down. On Friday, the stock rose sharply, so ETF should not fall, but it also depends on what kind of proct you buy.
6. Bitcoin, which is well known to the public, is the classic of ether. You can know that Ethernet classic has done some homework. It is a blockchain + smart contract platform, and many dapps are developed based on it. Function is similar to our mobile phone system, is the underlying technology, based on this technology can develop many applications and procts, drive the development of the whole instry.
7. split
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