Virtual currency decline cycle
in the current situation, blockchain is not a mature technology. What the market values is the so-called prospect, and it will take time to improve and excavate it slowly. However, the collapse of virtual currency is just a return to its own value
in short, I think bitcoin will continue to grow slowly after falling below a certain price. The current slump is just that the funds attracted by the previous heat have discovered the characteristics of virtual currency (hacker attack, dealer trading, these two situations will probably only appear in the newly issued currency, which is determined by the characteristics of blockchain, in other words, Hackers may also attack bitcoin in the early stage, but the more people and nodes bitcoin enters, the lower the probability of this situation, and the more difficult it is to generate)
in addition, I think that a large number of people in China even don't know what bitcoin is, so they are ready to make a fortune with money.
this situation is not only in bitcoin, but also in Ethereum. Ethereum is still in the uptrend period, but affected by the currency market, it dropped from $680 to about 640 yesterday. The trading volume is also in the bottleneck period, lacking strong momentum
in addition, the development of the top virtual currencies such as Leyte and Ruibo are different, some of which fall with the trend, and some of which rise by a small margin. However, from the perspective of small data changes, the fluctuation range is very small and does not pose a threat to the currency market
e to the instability of the wind in the past two days, we still give a wait-and-see suggestion to the top currency investors. Because of the strong momentum in the early stage, bitcoin's temporary stagnation in front of the $9700 mark will also be a small signal. The higher bitcoin rises from $6000 to nearly $10000, the greater the pressure on its upper region. Our suggestion for bitcoin is not to slow down the position, we should observe it every other day and then make up the position
in addition to these listed currencies, you can also focus part of your attention on the new virtual currency, Mya coin. The recent trend of Mcain is quite stable. According to the data sent back by the trading platform, Mcain is expected to enter the mainstream money market in May, when its trading volume and price should also rise
previously, we mentioned that some virtual currencies are not strong enough, but there is no need to worry. After all, this level of rise and fall is not worth talking about for virtual currencies. If we put the decline value of bitcoin on other currencies, it may be worth paying attention to, but the decline range of 1% to 2% is just the normal change of the currency market, So we would like to remind you not to worry
there are still people in the money market, such as Mya money, a new type of virtual currency with strong impact. They can certainly provide some blockchain support for other virtual currencies. So for the current situation, we still think that the currency market is still in a period of correction. You should not miss this opportunity if you want to make a grand plan.
the price of bitcoin is determined by supply and demand. When the demand for bitcoin increases, the price of bitcoin rises; As demand decreases, prices fall. At present, only a few bitcoins are in circulation, and new bitcoins are issued at a predictable rate of graal decline, which means that demand must follow this inflation level in order to maintain price stability. Compared with the market scale it may become, bitcoin is still a relatively small market at present. It does not need a lot of money to make the market price fluctuate up and down. Therefore, the price of bitcoin is still very unstable.
If you compare the decline of bitcoin with the rise of bitcoin at that time, you will find that such a decline will not have any impact on bitcoin. However, this time bitcoin's decline actually sounded a signal that bitcoin has indeed lost its original popularity. Now many people are keen to invest in bitcoin as an important investment channel. Because of his crazy rise, many people have opened bitcoin investment accounts. But here I still want to warn you that investment is risky, especially for virtual currencies such as bitcoin. So today we will discuss whether the popularity of bitcoin has dropped{ RRRRR}
Third, how to look at the current situation of bitcoin
among all the answers about bitcoin, I always insist on the idea that as an investment channel, bitcoin is really not worth your investment, because as a virtual company or it has no credit endorsement. So it could collapse at any time. The price of a bitcoin has exceeded 200000 yuan, which is unacceptable to ordinary people. So in daily life, if you are advised to invest in bitcoin, you must be careful and understand that any investment is risky
1. They make false propaganda under the guise of bitcoin, and do not have any innovation and application scenario planning
2. Pyramid schemes under the guise of bitcoin, such as Baichuan coin, Morgan coin, etc
3. This kind of virtual currency is pre g or has fatal defects
at present, the well-known digital currencies include bitcoin, Ruitai coin, Ruibo coin, thousand gold card, dog coin, etc
buying currency is risky, so investment should be cautious!