What happened to the price of Bitcoin refreshing its high and approaching the 10,000 mark?

Bitcoin refreshed its highs

On May 5, 2017, the latest data from OKCoin showed that Bitcoin's ** has just refreshed its history again, and it has now reached a high of 9222 points.

Approaching the 10,000 yuan mark

Since April 26 on the 60th of the daily chart** all the way up, the maximum increase has exceeded 25%, if calculated from the low point of 4885 at the beginning of the year, the increase is close to 90%, industry insiders expect a single bitcoin ** in the recent days to break through 10,000 is a high probability event.

Cause analysis

As for the reasons for the recent madness of bitcoin at home and abroad, the analysis believes that the most important thing is that the bitcoin market dominated by the yen has exceeded 10,000 yuan to drive the trend of the domestic bitcoin market. JPY trading currently dominates the Bitcoin market, accounting for around 35% of the global market. Japan began to endorse Bitcoin payments earlier this month, leading some merchants in Japan to experiment with digital currencies.

In addition, judging from international news, the direct reason for the ** breakthrough of 10,000 yuan on the Japanese bitcoin trading platform Bitfinex on May 1 was the decision of the US ** Exchange Commission (SEC) to re-examine the Bitcoin ETF matter proposed by the Winklevoss brothers. This time, I also hope that this audit will pass in one fell swoop. The Bitcoin international market is starting to rekindle hope that the Bitcoin ETF will be approved by US regulators.

Bitcoin's trading price today is RMB.

Because there was a key decision before, and it said this:It is necessary to take the module of blockchain as a very important breakthrough in the independent innovation of our contemporary core technology, so as to promote the independent innovation of core technology more quicklyBecause of this policy. As a result, Bitcoin skyrocketed within 6 hours$1000It is precisely because of the leadership of Bitcoin that other mainstream coins have also risen to varying degrees.

There may be people who don't know what blockchain really isIn fact, blockchain is another concept of Bitcoin, from the most primitive point of view, it is a large database, in which there are various branches of data we can use cryptography to transmit and access these dataIn order to obtain faster and better data, this means that when we really apply blockchain to life, it will bring us a lot of benefits, and we can use it to improve the contract execution status in some areas more efficiently.

Obviously for today's times,Independent innovation of core technologies plays a vital roleAs we can see, Bitcoin is growing so fast and there is still a lot of room for development in the future.

But when it comes to investing, we should be thoughtful, we should not just look at the surface, we should treat things holistically, and when we really plan to invest here, we must think about itHow to deal with losses, how to control losses and how to stop lossesBut if you have enough money right now and are willing to take risks, investing in Bitcoin is indeed a very good choice.

Because in the previous era when online banking was not developed, Bitcoin was a thing that had a very fast circulation.

Bitcoin is a virtual currency. Although it is very high now, I am personally not optimistic.

Bitcoin is a virtual coin that can be traded online, and its skyrocketing price is inseparable from related industries.

You're dreaming that the line you draw goes up $1,000 in 6 hours.

Bitcoin has performed well in the medium term, maintaining a year-to-date gain of about 80%, which is recognized by most investors, with institutions including Goldman Sachs, Bank of New York Mellon, and others advancing their products around the cryptocurrency.

I think the value point of Bitcoin is the degree of increase in the currency, because many times Bitcoin is just a virtual currency, just representing a kind of value, which is a virtual mechanism, which is a representative of value.

Bitcoin is mainly applicable to the network, and it has great functions on the network, so it is also more expensive.

The total amount is fixed. The scarcity of the number and the encryption of the script make it possible to speculate, and capital is also interested in this piece.

Its stock price has risen very fast, making its value rise by leaps and bounds, and it has become a hot one, and people are vying to buy it.

There may be several reasons why people believe that bitcoin will rise to 10 million coins:

1. Limited amount: The total issuance of Bitcoin is limited, and the maximum issuance is 21 million, so the value of Bitcoin is inversely proportional to the amount. The gradual slowdown in the issuance of Bitcoin over time, coupled with the fact that Bitcoin is considered the first generation of digital currencies that represent the entire digital currency market, led to the belief that Bitcoin's scarcity would lead to higher value.

2. Global recognition: Bitcoin is a global digital currency, and its use is constantly expanding, and more and more people and businesses accept Bitcoin as a payment method, which means that the use value of Bitcoin will continue to increase.

3. Hedging inflation: Since the total amount of bitcoin is limited and not controlled by the first currency issued, people believe that bitcoin is an effective inflation hedging tool, and the judgment can help investors maintain and increase their value.

4. Investor sentiment: Bitcoin is a high-risk, high-yield investment variety, and some investors believe that the value of Bitcoin will continue to be the best, so a certain amount of sentiment and pursuit has been formed in the market, which has also become one of the factors supporting Bitcoin.

What needs to be pointed out is that the digital currency market is highly volatile, and the rise and fall of Bitcoin is uncertain, so investors need to be cautious and should not blindly pursue returns.

Because Bitcoin has a high value, and climbing all the way has made many people see the hope of getting rich, and there are many celebrities who hold Bitcoin, and Musk, the world's richest man, has also bought 1.5 billion Bitcoins. As a result, Bitcoin's ** hit a record high, breaking through $50,000, which is still very shocking.

The development history of bitcoin as a virtual currency that emerged in 2010 is still very magical, the value of bitcoin is very low a long time ago, and many bitcoins may only be able to buy a drink or a pizza, but through the precipitation of time, through a long period of development, the value of bitcoin is now very high, many people are committed to the cause of bitcoin, and continue to mine, want to earn their own wealth.

Can Bitcoin be a means of payment?

I think Bitcoin cannot be a means of payment, although there are many ** rumors on the network that Bitcoin can be used as a means of payment to replace some other platforms, but I think Bitcoin is just a virtual currency, and there is no such strength, although ** has been rising, but many countries believe that Bitcoin is not a real currency, and it is likely to lead to economic collapse, so Bitcoin is not allowed to exist. Therefore, everyone must be cautious when investing in Bitcoin, and it is impossible for Bitcoin to become a means of payment.

What is the reason for Bitcoin's rally?

Because the value of Bitcoin is very high now, many people see business opportunities, and there are many powerful business people who also invest in Bitcoin, and under their guidance, many people think that the future prospects of Bitcoin are very good. That's why there are a lot of people who are in the field of Bitcoin and are addicted to it. Because there are many people who have joined and got a lot of capital flow, Bitcoin has been rising all the way and is very high, which makes a few people make money, but many people are still engaged in Bitcoin mining.

It hasn't been successfully liquidated yet, but is the future of Bitcoin good? This is still an unknown question.

I don't think the prospects for Bitcoin are good.

Although the market for bitcoin is very large now, and the market value of bitcoin is also very high, I think the prospects of bitcoin are not good, and there may be a very big breakthrough in bitcoin in recent years, and it may create a new all-time high, of course, because many countries do not recognize bitcoin and ban bitcoin transactions, which is one of the reasons why bitcoin cannot develop. Therefore, everyone must be cautious when investing in Bitcoin, and it is not uncommon for many people to commit suicide because of investment failure. Therefore, you need to be cautious when investing.

Because online payments can be made, more and more software supports Bitcoin, which can be consumed directly online, without the need for bank cards and credit cards.

Because of Bitcoin's unique encryption method, it is extremely private, and the degree of secrecy in the circulation process is also very high, and it is very rare, so it has been soaring.

Because many people said that the future development trend of Bitcoin is very good, it has been recognized by many people.

Bitcoin is a virtual cryptocurrency in the form of P2P, a decentralized payment system that differs from other currencies in the biggest way in its limited resources.

Bitcoin is a virtual currency, and the current trend is very fast, from twenty or thirty thousand at the beginning of the year, but today it is about three hundred thousand.

My personal understanding is that this bitcoin is a virtual currency on the network, and this virtual currency is bitcoin that can be used to replace the currency we usually use.

Bitcoin is a virtual currency, mainly operated by some people in the dark, and it has no value in itself.