2018年7月11日星期三

Bitcoin prices fell below $6,000 at the end of last month, and the gap was nearly "10 down limit boards"

As the mainstream digital currency, the rise and fall of Bitcoin affects the price trend of the entire encrypted digital currency market. Especially since June this year, the prices of several mainstream encrypted digital currency varieties have dropped significantly.

When the eyes of the world are attracted by the World Cup, a heavy news in the "coin circle" is hitting the psychological defense of many people. On June 28, according to the platform coindesk data, the price of bitcoin fell below $6,000, and the lowest fell to $5848.26. At this time, the highest price reached in January of this year was $17,100, which has fallen by 65.87%, equivalent to 10 down-limits.

What caused Bitcoin prices to shrink gradually after the rapid summit? Blockchain economist Wang Xuezong told the Securities Daily that there are three reasons: first, the diversion of funds by the altcoin; second, the manipulation of various digital currency markets and the insider trading scandal began to appear, and new funds entered the market and began to wait and see. Third, the regulatory signal is more stringent.

Half a year currency price diving

Falling more than 60%

Bitcoin fell below $6,000! The news at the end of June was no less than a deep-water bomb, hitting the psychological defense of many investors. According to the digital currency monitoring platform coindesk data, on June 28 this year, bitcoin prices fell to a minimum of 5,484.26 US dollars. At this time, it has only reached more than five months from its peak of $17,100. Due to the sharp drop in prices, investors tossing coins and miners to close the mining machine became the norm in the Bitcoin circle.

The reason why Bitcoin fell in most of the first half of this year, blockchain economist Wang Xuezong believes that there are three main reasons: First, the altcoin diverted funds. Various altcoins have been introduced into the market under the encouragement of the bitcoin wealth effect, diverting bitcoin investment funds. It has been found that the speculative earnings multiple of some altcoins are far greater than bitcoin, and they change hands to buy altcoin. Second, the manipulation of various digital currency markets and the insider trading scandal began to appear. New funds entered the market and began to wait and see. There was no continuous inflow of funds to maintain the overall market value of the market. Third, the regulatory signals of governments are more stringent, and the speed of entry into the market for new digital currency buyers has fallen.

Wang Xuezong explained to the Securities Daily reporter that retail investors and marginal investors were the first to discover the market opportunities of Bitcoin. It is their investment that created this market. However, most participants use it as speculation rather than investment. . “The market lacks long-term strategies such as institutional investors to stabilize, and speculative early-stage profiters will definitely sell off profits, causing a plunge.”

Tan Zhiyong, chief scientist of Eurostar Technology, told the Securities Daily reporter that "I personally think that on the one hand, it is due to normal fluctuations in the secondary market, and on the other hand, due to policy uncertainty."

Digital currency

Security risks are questioned

According to the "Securities Daily" reporters, in addition to the "falling down" of bitcoin prices, this year, "regulatory policies" and "digital currency stolen" have become important topics for the "coin circle".

In September last year, the central bank and other seven ministries called ICO (token issuing financing) to ban digital currency intraday trading. Bitcoin fell more than 4% in the afternoon, and other currencies fell more than 40%.

In addition, the theft of encrypted digital currency is also one of the factors affecting the price of bitcoin. On June 20th, Bithumb, Korea's largest digital currency trading platform, announced that it had been hacked, and about 35 billion won (about $32 million) of assets were stolen, and all accounts were suspended. As a result, Bitcoin responded. Falling.

The Cheetah Mobile Blockchain Central Laboratory believes that a large number of exchanges are hacked every year, resulting in a large loss of digital assets. Because the encrypted digital currency is not traceable, non-returnable, and anonymous, once the digital asset is lost, it is almost impossible to retrieve it. It is very unsafe to host the private key on the exchange.

In addition, digital currency also has the security risks of account names and passwords. Most users habitually use the same account name and password to register on different websites. If any one of the websites is successfully hacked, all the user names and passwords of the website may be used for the exchange account system. Login attack. After the hacker gains control over the user's escrow account, the hacker can transfer the digital asset.

In addition, digital currency exchanges have also been plagued by manipulation of currency prices. Pang Huadong, an intrinsic capital partner, believes that the biggest problem in the currency market is that all exchanges are isolated islands of information. The same token, the price of the different exchanges is also split. In theory, the exchange can completely control the price, which has the control of the background; there is no price discovery mechanism in the market that is open and transparent, and is not controlled by the exchange, and it is impossible to form a huge derivatives market.

Bitcoin prices in the past two years

Still more than 10 times higher

As the mainstream digital currency, the rise and fall of Bitcoin affects the price trend of the entire encrypted digital currency market. Especially since June this year, the prices of several mainstream encrypted digital currency varieties have dropped significantly.

However, as of yesterday, the "Securities Daily" reporter found. More than half a month after the "bottom", Bitcoin has regained more than $6,600.

"Although Bitcoin is currently down, we have to see that the price of bitcoin was $2,345 a year ago, and the price of bitcoin two years ago was $656," Tan Zhiyong told the Securities Daily reporter, in other words, In the past two years, the price of Bitcoin has risen more than 10 times. "So overall, the market and the entire society's recognition of crypto assets and blockchain technology is gradually improving."

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