The SECRET of Bitcoin price in cryptocurrency world | MC900.com - YouTube

What asset can you invest in to get thousands of times the return?

Bitcoin can

from the initial $0.001 to $69,000,creating the most amazing reporting ratio in human history

Welcome to the digital currency market

where there is no limit on the rise and fall

the price of digital coins often fluctuates easily 10%，or even 30%

Superimposed leverage operation triggered the imagination of wealth

If you love a person, send this person to speculate in digital currency

it is easy to get rich overnight if you hate a person

send this person to invest in digital currency it is easy to be forced liquidation overnight

The wonderful party and dinner was in full swing on the evening of May 9, 2022.

However the critical support of Bitcoin falling below $30,000 per coin

started to shatter many people's evening

At 8 pm, Bitcoin's drop below $30,000 turned a fluke into misfortune for many

This price drop meant the price fell 56% from its peak of $69,000 per coin.

The entire digital trading market blew up to $4.31 million within an hour after that

leveraged contracts were forced liquidation about $103 million

in the past 24 hours on 5.9 across the web

a total of 543.73 million people were forced to liquidation

Is everything really inevitable?

Is there no way to analyze bitcoin price trend?

What are the factors that influence bitcoin price?

Li xiang, a veteran speculator, is used to such price plunges and liquidations

He always mutters

"Nothing is impossible, nothing should not be, don't try to figure out why, no reason is the biggest reason"

Before trying to figure out the bitcoin price trend, let's take a look at the current situation.

Many detest Bitcoin

including US Federal Reserve officials

and other bigwigs even Warren Buffett do not believe in this nothingness

However, bitcoin is slowly seeping into proletariat's lives

Nowadays, if someone doesn't have a digital wallet with a few digital currencies

it seems like they can't keep up with the millenials trend

Now, let's take a look at how bitcoin was first invented

The idea of Bitcoin was born in the midst of the 2008 financial crisis

leaving many people destitute, distrust of banks and their role in the financial system grew

The consequences and conditions of the financial crisis

deeply shook the Silicon Valley tech geek Satoshi Nakamoto

the father of Bitcoin (Satoshi Nakamoto is Bitcoin's inventor and the owner of 50 Genesis Bitcoins)

How do you create a system of issuing money that is not controlled by the governments and bourgeoisie

that is not subject to the intervention and influence of monopoly capital?

On October 31, 2008 at 18:10

Satoshi Nakamoto wrote in the crypto email community

I have been working on a new electronic cash system that is completely peer-to-peer

with no trusted third parties

Finally

"Bitcoin: A Peer-to-Peer Electronic Cash System"

was officially unveiled to the American tech geek community - a day worth written in the history

The value of Bitcoin lies in faith

In over a decade, Bitcoin has gone from $0.001 at the beginning to a peak of $69,000.

If you spent $100 on Bitcoin in 2008, by today you have hundreds of millions of dollars in assets

a multi-million fold increase!!!

This is the most amazing rate of return on investment in human history,bar none.

Behind the high value is trust and faith

The value of bitcoin lies in the abandonment of centralized issuance

relying on the blockchain network to solve problems

such as double spending (double spending means?Google it)

And common ledger that existed in the past with electronic currencies

generated by mining (calculating mathematical puzzles so as to grab the right

to keep track of payments and thus receive bitcoin rewards)

and relying on all of the world's networks to operate

The total number of 21 million has been the basis of Bitcoin price analysis

the limited quantity is the reason why the price is rising

and the reason and reason why Bitcoin will rise to $1 million per coin in support

and of course, it is also the reason to console yourself when the price falls.

The price of Bitcoin started out by relying on electronic network transfers between individuals

and it is surprising that this barter-like feature also played a leading role

in the early stages of the digital currency

Without a middleman such as central bank or commercial bank

the price of bitcoin began to rise from a few percent to tens of dollars

Born in the midst of the financial crisis

bitcoin seems to have the same safe-haven properties as gold

With the frequent black swan events of the Ukraine crisis

and the Swiss franc crisis and the UK's exit from the European Union

people gradually discovered that bitcoin was following gold up in the crisis, so bitcoin also called digital gold

Linked to gold to play a safe-haven properties of this analysis

once became the credo of many new cryptocurrency investors

However, with the occurrence of the Russia-Ukraine war on February 24, 2022

bitcoin not only did not rise but also accelerated the decline

so that the hedge said a is ashamed and disgraced

2018 was a pivotal year. In the year, Trump started a trade war against China

which undoubtedly affected the profit of a large number of people

The wealthy in the U.S. are increasingly anxietious

While Trump gave tax deduction to the wealthy at that year

Wall Street and Silicon Valley form a consensus that it was possible to allocate a portion of Bitcoin

as one of their asset portfolios (consensus on the basis of which Bitcoin was born)

There are many reasons why wealthy Americans invest in digital currencies

The point is not tax avoidance and asset diversification

Instead, the main purpose is perhaps privacy

In any case

it is from this year that many wealthy Americans were conquered by Bitcoin

some of whom own as many as 50,000 Bitcoins

Assets management is to be another factor in bitcoin price analysis

and this factor was always emphasized when the price of Bitcoin become instable

However, it seems like an impossible thing

if a wealthy person happens to buy at $60,000+ holdings to the current $30,000 a piece

The reason is that the wealthier the person

the more solid the return they seek

Therefore, if you were a rookie in the cryptocurrency invetment

stop using assets management to become an excuse of your losing positions

Bitcoin's price go up from $5,000 to $69,000

Many people analyze the reason for this currency's crazy rise

and point out that it is a future of the currency

Bitcon is the future has been proven to be right

Every time Bitcoin breaks through the previous high in history

especially when it rises to a historically unprecedented close to $70,000

folks say this is the future of Digital Currency

Future theory also made a bunch of junk coins on fire

For example, Musk's tweeted a message about Dogecoin, which rose from 3 cents to $0.73

Many people found application for Dogecoin and analyzed the rising reason of the currency

In any case, an asset

which fell from nearly 70,000 and lost 56%

made it hard for people to believe that it is because of future theory

There are number of ways to analyze the Bitcoin

Some analysts say that they want to analyze it with US economic data

however, US economic data has little to do with cryptocurrencies

There are also some analysis methods that go from total open positions

total contracts, etc., but none of them really work well

So if anyone says these methods are 100% correct, please be mindful

Of course, it still has a certain degree of reliability by using CME futures

and spot price trend analysis and position data analysis

but for digital currencies, it is hard to sustain since it often has at least 30% volatility

On May 11, 2022, the price of bitcoin is up-and-down in around 30,000 USDT

Multiple analysis pointed out that the support line is 20,000 and 15,000 USDT

Such nonsense is very common and mostly seen in the price rose sharply to a high or the price fell to a low

(the identification of high and low point is from the starting point up to 30% or even 50%)

Also, it is common that the market critics judge about the famous or analysis

The reason is most critics provide free comment so they won't be punished if they said anything wrong

Conversely, if their guessing is correct, they can brag about it for a long while

Li Xiang know more about those guys

so does Michael Saylor, who is founder and CEO of Microstrategy and owns 129,000 Bitcoins

The veteran of cryptocurrency investment are already in the midst of a quiet rearrangement

To summarize, it is difficult to analyze Bitcoin price trend

The methods of analysis such as issue value, limit, hedge, asset, future and futures methods

seem to be flying blind and unable to determine

However

There is an ancient Chinese philosophical wisdom that may be effective for determining Bitcoin trend

What it is? It is using the game methodology to analyze Bitcoin

and everything will be clear

Just as the old saying goes: a cryptocurrency world, just like a game and just like a dream.