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Why Bitcoin Bursts and Bursts (Why Bitcoin Bursts and Bursts)

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Why Bitcoin Bursts and Bursts (Why Bitcoin Bursts and Bursts)

According to BTCManager, why did Bitcoin skyrocket and sell out? After 312 in 2017, many people began to buy Bitcoin crazily. At that time, when the price of Bitcoin was approaching around 20000 yuan, people realized that they had become “millionaires”, so they opened their own accounts to trade and accumulate BTC. The result was just a day later, as the market soared, some people thought they had been trapped, resulting in huge financial losses for them

Why did Bitcoin soar and sell out? Actually, everyone knows this during this period, but many times we are not sure what exactly caused this problem: on the one hand, it is due to the sluggish market environment, insufficient liquidity, and large fluctuations in currency prices. On the other hand, it is also due to various factors, so when investors see some major news, they will feel panic, This affects the accuracy and execution of investment decisions; On the other hand, because the whole blockchain industry is in the early stage of development, and most of the projects have not been strictly reviewed, this has formed a foam state

Why did Bitcoin explode when it soared

Editor’s note: This article is from Wind and fire wheels Community (ID: FHBT18), written by Peipei, and reproduced by Odaily Planet Daily with authorization Hello everyone, I am Pepe. What is the reason for the rise of Bitcoin? Because the market plummeted yesterday, many investors were exposed on the exchange:

1. Why do some people say they want to sell off?

? Many people think it’s the main pulling force, but it’s actually for the sake of making money. But when we look at the picture below, I see an article that reveals this news. One is called the “Coin Circle Black Horse”, who invests these funds into a project to speculate and speculate, and then buys currency from the market. And the code for these two projects is also the same, both open source and transparent. Of course, there are also some people in the group who say they have money, but haven’t issued coins, and wonder if they can really earn tens or even hundreds of times more money! I won’t explain it here The second point is that everyone is now very familiar with a word in this industry – exploding. So what is a short position? In fact, it’s still because the market volatility is too intense. And the main reason for this situation this time is that some domestic institutions do not have much layout in the field of digital currency, so not many people pay attention to the message and data of Bitcoin. So most people will focus on the high price of the currency, and may think that this is just a normal correction. However, this also indicates that at this stage, if you want to quickly follow up, it should be noted that the currency that has been operating in the upward channel in recent months is mainly horizontal. So in this situation, there will be a relatively large fluctuation risk. After all, currently, except for mainstream currencies, there are almost no cases of large positions being sold out. That is to say, most investors are not particularly concerned about the future price rise trend of similar currencies, but rather choose to wait and see rather than chase higher operations The third point is about contractual issues. In fact, I think there are many flaws in the contract field itself, such as high leverage in leveraged trading or small contract positions. But with the continuous development of the contract market, the investment demand in the contract field is also becoming increasingly strong. For example, the total value of positions on the current futures contract platform exceeds 10 billion dollars, including 100000 bitcoins, 200000 Ethereum and 1000 Litecoin, which can be said to be one of the standard configurations of all spot platforms In addition, according to data from Contract Emperor, as of 10:30 am this morning, the total outstanding positions on the entire network reached $900 million. In the past two months, this number has increased by over 300%, although the growth rate is not significant, it also means that the overall market activity is continuously increasing; In addition, according to the data from Contract Emperor, the 24-hour online inventory explosion is close to 3 million US dollars.

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