How to deal with virtual currency bear market

1.

bitcoin is a scam

because bitcoin is a kind of virtual currency, most of which are unregulated and bypass the traditional banking system. Its sharp rise worries regulators around the world. Jamie Dimon, JPMorgan's president, described bitcoin as & quot; A scam & quot;. Because compared with bitcoin, it's not real, it's going to end in the end

virtual currency similar to bitcoin is based on blockchain technology. It is a kind of accounting technology using anonymous computer network operation. No government or central bank has endorsed bitcoin. Therefore, no one can support the value of bitcoin

extended information:

pyramid selling is to absorb and allocate funds by developing the relationship between the upper and lower line. In the bitcoin investment market, the elderly and new people do not have the time advantage, nor do they rely on high profits to pull down the line. In the face of market fluctuations, no one can guarantee that they will make money, and the elderly can not force them to get income from pulling new people

bitcoin or other digital currency does not belong to any person or organization. It is an uncontrolled and decentralized program. The code is fully developed, and the total amount cannot be modified or destroyed

2.

By midday, bitcoin had fallen to around $10700. Bitcoin's previous attempt to break through $12000 failed, and yesterday's downward trend continues to this day. As a result, the cryptocurrency market fell, with 90 of the top 100 currencies falling

in the past 24 hours, according to the okex platform, the net outflow amount of bitcoin reached 638 million yuan, and according to the currency security data, the net outflow amount of bitcoin reached 152 million yuan. Although the capital outflow in the past 24 hours is relatively large, it has decreased compared with yesterday's capital outflow, and bitcoin has hit the bottom of US $10600 for many times in the past 24 hours. However, in terms of trading volume, there is strong support in this position. After that, we still need to observe the withdrawal of funds, so as to confirm whether the market goes up or continues to fall below the down. In fact, the so-called "bear market" in the currency circle is more popular than the "three o'clock community" before. In my opinion, I basically dare to assert that there are makers in the currency circle who have successfully harvested a batch of "leeks" by using some financial means or big men. This view may sound like "conspiracy theory" to many people, But I have to admit that speculators are everywhere in the coin circle. Zhu Xiaohu's warning that "I hope you don't stay in history because you reap leeks to earn money with blood" also has a certain basis in my opinion

the craziest time was in December 2017, when bitcoin reached more than 100000 yuan. Before that, people who invested in bitcoin could make a fortune overnight. At the end of 2017, the price dropped to below 40000 yuan, and there was also a correction in 2018

there are two ways to invest in bitcoin

one is to buy bitcoin directly and wait for it to rise, that is, simply buy it low and sell it high. Judging from the historical data and the popularity of blockchain, there is still a lot of room for bitcoin to rise, but the cost of this investment method is relatively low, and the price of bitcoin fluctuates too much, so although the income of buying bitcoin directly is high, But the risk is also great

the other is to "dig" bitcoin with professional equipment. The total amount of bitcoin is 21 million. mining is the only way to get bitcoin, that is, through a professional computer, which is called mining machine in the instry, to get bitcoin through a lot of calculation, and then sell bitcoin to get income. At present, the price of a mining machine is about 10000, Another problem is the cost of electricity. This kind of equipment consumes a lot of power and needs 24-hour uninterrupted operation, so after a long time, the electricity cost is not a small cost

at present, there are many people engaged in mining, mostly in the form of mines, finding cheap electricity for centralized mining to rece costs

every day will generate income, the highest is more than 200. In addition, the fluctuation of the currency price has little impact on the mining, because the bitcoin can be sold at any price. Even if the price of the coin is low, it can be sold after the price rises. Therefore, the investment income is relatively stable, the risk is relatively low, and the current machine price is also low, There is no threshold for investment, so it is a good opportunity for investment

According to the current market, mining income is not high, and even some retail investors have caused losses, but it is difficult to lose money in large-scale professional mines. Mining requires the cost of machinery and equipment and the cost of electricity price. With the decline of bitcoin market, the cost of machinery has been reced again and again, and the electricity price in large mines is also extremely low. Therefore, the income of mining in large mines will be higher than the cost for a long time in the future, and the income will be higher after the price of bitcoin rises

compared with self built mines, it has certain advantages to invest in mining machinery trusteeship business. Firstly, the time cost is saved to a certain extent, and the mining business can be started immediately. Secondly, unnecessary expenses, such as labor cost, are saved. Since the custody business concentrates the mining machines of multiple investors in one mine, the labor cost is shared by all investors. Finally, there are cheaper electricity prices. The ultimate goal of hosting enterprises to carry out mining machinery hosting business is to make profits. If they can not get lower than the normal electricity price on the market, it is difficult for hosting enterprises to make profits. Of course, the electricity price given to investors will also be lower than the normal electricity price on the market. Another important advantage is that some trusteeship enterprises are able to cash the virtual currency g up by investors' mining machines directly, which also relieves some investors from the worry that they can't cash the virtual currency

is mining profitable or not? There are several factors affecting the mining income: first, the currency price. The higher the currency price, the more profitable the mining. The second is the difficulty. The slower the difficulty rises, the more profitable the mining will be. The lower the cost, the more profitable the mining. Of course, the cost here refers to the purchasing cost and operating cost of computing power, including labor, network, construction, electricity and so on. The lower the cost, the better. Mining needs to deal with the risk of currency price plummeting, mining difficulty soaring, and mining costs rising. At present, the risk of mining currency speculation is much smaller

now the currency price continues to fall. Some people say that it's better to buy money directly than to buy a miner. In fact, it's not the case. Buying money must bear the risk of currency price falling, and the risk and income coexist, while buying a miner is to "protect the income from drought and flood" and keep the value of money rising; In the absence of rich market experience, the decision to buy money is only the choice of speculators

3. The rise of all digital currencies before [cp] is the price bubble.
we saw six big bubbles, one more serious than one, and each was epic. But when you look back, they're like dots on a chart. With every bubble emerging, trading activity soared, which is what we see now.
many investors have heard about the huge profits of early cryptocurrency investment, and they have entered the market to buy cryptocurrency in order to get higher profits. This has driven the valuation of major cryptocurrencies such as bitcoin, Leyte, ethereal and so on to soar

however, recently, the soaring market of the currency circle has ended and replaced by the bear market

just yesterday, bitstamp data showed that bitcoin fell below the $6000 mark, which was broken again after it fell below the $6000 mark at the end of June. In just two weeks, bitcoin has entered a bear market, returning to bear market for the fourth time this year. Compared with the highest level of the year set at the beginning of the year, bitcoin has long been "cut"

recently, ether currency fell by 17%, the biggest one-day drop since March. Ripple, ether and other digital currencies all fell

it is generally believed in the market that the US Securities and Exchange Commission (SEC) delayed the approval of issuing bitcoin ETF is the main reason for this round of slump. As the ETF is the first digital monetary financial proct, the setback on its listing has dealt a huge blow to the market

according to the analysis of Wall Street, if bitcoin and Ethernet become the new mainstream means of financial payment or the underlying foundation of other commercial applications, their prices will naturally drive up. On the contrary, the price downturn of digital currency may last for quite a long time[/ cp]

4. Hello, this is a typical pyramid scheme. It involves a wide range of victims, a large amount of money, a large number of people and a large geographical area. The information of the founding operation team is not open and transparent. It is difficult to obtain evidence and solve cases. They have nothing to do with virtual currency. They just cheat under the guise of virtual currency. It is also normal for the police not to accept such cases because they are difficult to solve

I'm a bitcoin practitioner. I'm very interested in this matter. Please send me a private letter and explain it in detail. Maybe I can help you to expose it.

5. Fire currency network is a fraud website, of course, you can use the RMB in your hand to buy the money in the hands of these swindlers, maybe one day the swindlers pull out the network cable and the money disappears, your RMB is still in the bank card of the swindlers!

6. Iron ore crusher, iron ore screen sand machine, iron ore crushing equipment selection should be more considered, according to the equipment model, according to the actual output of the equipment to choose equipment.

7. The Internet is a large number of digital currency depreciation
in 2017, bitcoin and other virtual currencies developed rapidly. Bitcoin broke through $20000 all the way, creating a miracle of digital currency. But recently, bitcoin has dropped more than 70% all the way, and bitcoin and other digital currencies have officially entered a bear market. The total market value of digital currency shrank significantly, and the trading volume also dropped significantly.

8. You'd better not touch the illegal things, otherwise you will lose everything. Hope to adopt.

9. Hello, investors in a bear market should follow the following principles:
1. To buy negative and sell positive, take the first step: in a weak market, there are frequent ups and downs, and the persistence of the market is relatively poor. Therefore, it is not suitable to use the stock trading method of chasing up and killing down in the weak market. Chasing up and down in a weak market will either lose the opportunity or be locked up immediately. If you are out of the market, it will become a high suction and low throw, with heavy losses. The so-called "buy Yin and sell Yang" means to buy when the stock price falls and sell when it rises. In a weak market, ups and downs are frequently replaced. It's dangerous to catch up with the ups, and it's also dangerous to kill the downs. However, buying Yin and selling Yang can make the market faster and lower the price
2. Fast in, fast out, short-term attack: in a weak market, the system risk is relatively high, and it is difficult to find stocks that can rise or resist decline for a long time. Therefore, investors in the weak market must not do long-term
(2) stock selection ring consolidation period
ring consolidation period, the market will run in a box, at this time, stock investors can choose stocks with similar trend to the market. In the early stage, the stock price was adjusted according to the rectangle, that is, to buy near the lower bound and to sell near the upper bound. The short-term operating income was also very considerable
(3) stock selection ring the rebound period
the rebound of the market from the bottom is the time to buy, but we should also pay attention to the choice of investment stocks. At this time, we should choose the stocks with big and fast growth
this information does not constitute any investment proposal. Investors should not use such information to replace their independent judgment or make decisions only based on such information. If they operate on their own, please pay attention to position control and risk control.