Virtual currency fell on June 10

1. The value of virtual currency is reflected in "more people recognize it". At the beginning of any instry, there will be savage growth. Take bitcoin as an example, the peak price of bitcoin is close to $2W, and the current price is only about $6500
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.

2. The latest data shows that the virtual currency has a downward trend in the past two days, presenting a feeling of overall correction and insufficient rush. As far as bitcoin is concerned, the market is better because the daily trading volume has been hovering around $9200, but the trading volume is not very large. Yesterday's horizontal trading time lasted for several hours, and finally fell by nearly $200

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.

3. The price changes of cryptocurrencies such as bitcoin, Fuyuan coin, Laite coin and dogcoin are determined by supply and demand, and the big price changes are e to their high volatility and no price limit

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.

4. That's because market expectations have fallen and trading volume has tightened