Uniexchange Ethereum cancels pending
There are many views on the reasons why bitcoin fell below $10000 this time, some people in the instry said: "maybe it's a good play prepared by the main force to commemorate the 94 event in advance." more people think that the withdrawal of OTC funds by mining of defi (decentralized Finance) may be one of the main reasons for the current round of decline. However, there are also views that the main reason for the decline of bitcoin is e to the market smashing by the makers
according to the website of coinmarketcap, in the early morning of September 3, bitcoin dropped more than 10% in the short term. At one time, bitcoin fell below the US $10000 level, and the lowest fell to US $9960, which was a new low since July 27, with a 24-hour decline of 9.98%. At present, bitcoin has rebounded to US $10302. At the same time, cryptocurrency declined collectively, and most of the top ten popular currencies in market value, except stable currency, fell by more than 10%
However, e to the special date of bitcoin's decline and the foreshadowing of the decline in the previous two days, some people in the instry said: "maybe it's a good play prepared by the main force to commemorate the 94 event in advance.". It is reported that the coin circle 94 incident originated from September 4, 2017, when seven ministries and commissions jointly issued the announcement on preventing the financing risk of token issuance, officially calling for the suspension of ICO (initial token issuance) financing, which was regarded as an important watershed in the history of China's digital currency speculationhowever, it is not the tradition of the coin circle to fall every festival. On the decline of bitcoin this time, more people think that the withdrawal of OTC funds by the mining of defi (decentralized Finance) may be one of the main reasons for this round of decline
however, there are also views that the main reason for the decline of bitcoin is e to the market smashing by the makers
KOL, an analyst known as the trend maniac of digital currency, pointed out that there have been a large number of smashing orders in the exchange recently. When the currency price is around us $11770-11800, the exchange's large investors mp goods at US $11750 in 500btc, and all the orders are instantly eaten by the brick moving robot, about 4000 coins are smashed
extended data
mining of DEI (decentralized Finance) and withdrawal of over-the-counter funds are the reasons for the current round of decline.
Wu Gang, founder of bitcoin wallet letter, publicly said on the social platform that the market decline is the "blood sucking" of the defi (decentralized Finance) project, and gave an example of sushi project, which has soared 100 times recently
Kang Lu, a senior researcher of fire coin Research Institute, said to the analysis of interface news that the recent hot spot of digital currency is not in the bitcoin market, but the prosperity of the overall digital currency market caused by the graal prosperity of the decentralized financial market in Ethereum ecology and wave field ecology
it can be seen from the fact that the trading volume of decentralized exchanges has reached 6% of that of mainstream exchanges. In addition, at the beginning of September, the 24-hour trading volume of uniswap, a decentralized exchange, reached US $441 million, surpassing the head centralized exchange coinbase Pro for the first time
take Eth and UDT as an example. AMM market making usually requires you to put Eth and usdt into the flow pool to provide liquidity. When someone needs to buy Ethereum, the pool will allocate Ethereum to users, and the traffic pool will receive US dollars. In this way, the liquidity of the token can be improved. However, users in AMM market make profits by charging transaction fees. But the risk is that if Ethereum prices continue to fall, more people will replace Ethereum with dollars. When you recycle liquidity, there will be more Ethereum and less dollars, which is equivalent to the system helping you automatically the bottom of Ethereum. On the contrary, if the price of Ethereum continues to rise, the system will continue to sell Ethereum at a dollar to dollar price<
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because of ignorance
the only reason why many people play bitcoin is that they see other people making money playing bitcoin, so they also want to enter this circle to make a profit. In fact, these people know nothing about bitcoin , they even don't know why bitcoin came from, and they don't know why bitcoin is valuable, I just feel that my money can be exchanged for bitcoin, and bitcoin can be worth more money
so I think if you haven't played digital currency before, and don't understand it, don't touch bitcoin casually. maybe the wealth you accumulated in your life will become someone else's thing in a flash
warm tips: the above contents are for reference only, without any suggestions. According to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
response time: May 11, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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