Bitcoin and other virtual currencies fell
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.
I think some people might give up. But on the whole, I won't give up. How far can bitcoin go? It's hard to say. There are too many unknowns. You have invested in so many costs. Although you can stop losses in time if you give up now, some small investors may give up, but it is impossible for large investors. Because stop loss can't stop that much. In addition, although bitcoin has plummeted, the confidence of the masses in it has not completely collapsed. After all, bitcoin was very brilliant at that time. After the crash, many people believe it will rebound{ RRRRR}
I feel that bitcoin has a long way to go. The future market is full of uncertainty. How can bitcoin survive and go further. We need to think it over
no one knows if there will be another climax. Last year's climax was mainly driven by the Chinese market, and the next round may be driven by Brazil, Russia, India and Japan. Therefore, I believe that last year's climax is not the only one
at the beginning of its emergence, bitcoin has attracted great attention of the government, and most Western democratic governments adopt an unrestricted and discouraged attitude, and even regard bitcoin as a financial innovation, and let it develop as long as it is not used in criminal activities
the saying that bitcoin has no real value can not be accepted. As long as everyone accepts it, then it is valuable. Its value lies in that it can not be over issued, avoiding the weakness of inflation caused by over issuance of traditional currency< br />
Bitcoin fell. The price of bitcoin rose to US $57000 a few days ago, but it has fallen back to US $50000 in recent two days. It has paid hundreds of dollars. Of course, these units are all US dollars. Why does it rise rapidly and fall rapidly? Because the value of virtual currency itself is unstable, the market volume largely determines its price{ It is not certain if RRRRR}
will burst. This is because before the price dropped below 40 thousand dollars, it rose to a little more than 41000 dollars. People felt that the market had good news after reaching the end of the year, resulting in a short break in less than a month, and the jumped to 57, faster than the special price. 000 dollars, who can guarantee that there won't be another such news? It's all uncertain
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In fact, this is a totally wrong way of thinking. If the price of bitcoin falls, it means it's not far from cool. Then I am in this world all commodity prices fall, is this instry basically finished? We can't judge the form of an instry simply by the rise and fall of prices. Now let's talk about the impact of bitcoin's price decline? What causes it to fall{ RRRRR}
Third, how to look at the future trend of bitcoin
bitcoin will definitely experience several big falls in the future, and return to a more rational level. After all, its price rise was too high before. And most importantly, other countries have already started to develop their own digital currencies. Once these digital currencies are implemented, the status of virtual currency will be shaken
Bitcoin has plummeted by nearly 20%. It can be said that the prices of virtual currencies are falling rapidly overnight. Not only bitcoin, but also dogcoin Ethereum are falling rapidly, because there are more and more virtual currencies. And so on burst positions, the bulk traders continue to withdraw from the outside{ RRRRR}
according to the information released in the global market, governments of all countries have introced some new policies to strengthen the management of these virtual currencies and cryptocurrencies, which is not good news. Because strengthening management means monitoring these virtual currencies more and more strictly, we can't fluctuate, go up, go down or buy them at will like before, which may cause the price to fall rapidly