Image source @Visual China
Text | Zinc Scale, Edit | Chen Dengxin
Recently, the global financial market has been turbulent, and the price of Bitcoin against the US dollar has soared, breaking through US$8,100 per coin for a time, reaching a maximum of 8,166.05 per coin, with a closing increase of 11.91%, becoming a popular safe-haven asset together with gold.
Today, as of press time, the price of Bitcoin against the US dollar has changed to US$8,203.80 per coin.
Since March, the Bitcoin market has been heating up, with an increase of more than 100%, surpassing US stocks, A-shares, gold, oil and other assets, becoming the most dazzling asset in the world in the current period, driving the overall market of digital currency to explode, returning from the bitter cold winter to the bright spring. Before
, the price of Bitcoin has been hovering around the mining cost line. Have those overwhelmed mining companies and cryptocurrency speculation troops emerged from pessimism? Are you willing to invest again?
This is a difficult choice for those who miss the opportunity.
collapsed before dawn
Deng Feng is an old man who has worked in a software company in Changsha for four or five years.
In early October 2017, at the craziest stage of Bitcoin, the company's boss "Brother Yu" couldn't help but see the rising market every day: "I won't really exchange a Bitcoin for a house."
"Brother Yu" has many friends and a wide range of ways, and is determined to do a side business to add a way to make a profit for the company.
Deng Feng is one of the two employees who were transferred to mining. He was amazed at the maturity of the mining industry: "Brother Yu called a friend from the computer city and purchased 40 mining machines, 20 mining bitcoins, and 20 mining ether coins. The entire installation and debugging process was completed by specialized technical personnel, and we were responsible for watching."
html In early November, Deng Feng witnessed the first order of the company's side business, and a Bitcoin sold for $13,421 per coin: "At that time, I was thinking about whether to use 200,000 yuan in family deposits to follow Brother Yu to speculate on Bitcoin."However, the good times did not last long. After Bitcoin hit a historical record against the US dollar on December 17, 2017, it started a slow bear market decline.
's mining business is getting harder and harder to do. Deng Feng recalled: "'Brother Yu' used to not smoke, but later he became more and more fierce. Every time he saw him, he smoked with a worry, thinking about when to make a profit and whether to follow his friends to fight in the Xinjiang mining farm."
By May 2018, Bitcoin continued to plummet, completely disrupting "Brother Yu"'s plan. He made up his mind to terminate the business, and the mining side business not only did not make money, but instead lost about 50% of the funds.
At that time, Deng Feng also had a task of selling mining machines: "We sold mining machines around June, a mining machine worth more than 3,000 yuan, and can be sold for about 1,000 yuan. If we reach the end of the year, we may only sell for 200 to 300 yuan."
Bitcoin mining machine sold on the spot
Bitcoin is revived with full blood. Will the mining business be restarted?
Deng Feng said: "The company does not have this plan, at least I haven't seen any news yet. In fact, the mining machines have been sold, but I just made up my mind to stop doing it."
But Deng Feng also has his own opinion: it is easy to turn around if the boat is small.
At the beginning, the company should not go to mining. Mining is a heavy asset behavior. There is a return cycle. When encountering a unilateral decline, you either grit your teeth or admit defeat at a loss. Instead, you should directly participate in Taobao transactions. Once you find that the market is incorrect, you can withdraw and exit immediately.
In fact, mining behavior will usher in stricter supervision, and resuming production is not a wise move.
On April 8, 2019, the National Development and Reform Commission issued the "Guidelines for Industrial Structure Adjustment (2019 edition, Draft for Comments)", and
" virtual currency 'mining' activity (production process of virtual currencies such as Bitcoin)" was on the elimination list.
, and mining machine giants such as Bitmain and Canaan Creative have already begun their transformation path. For example, Bitmain seeks AI chips, and Canaan Creative expands edge computing memory chips.
From freezing point to boiling point
The hot Bitcoin against the US dollar this year made Luoyang stock investor Zhang Xue quite moved: "My husband handed over the financial management power at home to me, mainly investing in stocks and fixed-investment index funds. After reading an article about the Bitcoin halving cycle at the end of last year, he had the idea of buying at the bottom."
Bitcoin's output is halved every four years, the first production is halved in 2012, and the second production is halved in 2016, and the third production is halved in 2020. Therefore, people from multiple levels believe that Bitcoin will usher in a recovery trend by the end of 2019 or early 2020.
However, how to trade stumped Zhang Xue. He is engaged in a secretarial profession and did not know much about IT technology, let alone complicated Bitcoin transactions.
Since the regulatory authorities stopped the Bitcoin exchange, the related transactions have been quite complicated. For IT novices like Zhang Xue, they cannot find a way: "The Apple phone clicks on the APP can never be opened. "
So, Zhang Xue missed the doubled Bitcoin market. Fortunately, her mentality was optimistic: "Looking back, aren't there any Kweichow Moutai that is less than 100 yuan missing? For me, the original intention of realizing my wealth dream is still safe. A working class over 30 years old, nothing is more important than being safe, and there will always be opportunities. "
Compared with Zhang Xue, the Internet man Su Yiyang is more lucky.
Su Yiyang has no technical barriers to buy at the bottom, and the transaction price is less than US$3,700 per coin, but he regrets it: "When he entered the market in November 2018, pessimism spread and he didn't dare to buy more, so he bought 0.14,257 coin. Now he wants to slap himself to death. ”
Bitcoin holding information
Bitcoin rebounded from the lowest point of US$3122.30/coin to around US$4,000/coin. The currency circle was still dead until it soared by 18.45% on April 2. The currency circle began to restlessly, and there were endless slogans of buying, buying, and rushing.
Su Yiyang hesitated: "My friends around him kept persuading him. Buy, but the price of more than 5,000 US dollars per coin is not high or low. If you want to buy, you are afraid of falling, and you are afraid of rising,"
Now, Su Yiyang has cut off the idea of increasing his position. He said that the currency circle is booming: "Bitcoin price has broken through the psychological mark of US$7,000 US dollars per coin and the technical mark of 20html October line . Most people believe that the bull market of Bitcoin is coming, and the next step will be above US$10,000 US dollars per coin. "It only took more than 2 months from freezing point to boiling point.
broke through the resistance level
zinc scale to verify financial professionals learned that the Bitcoin-USD K-line chart showed a gratifying good situation.
daily K-line showed a bullish arrangement, the KDJ indicator was not passivated, and the BOLL line indicator was in a divergent state; the weekly K-line is more beautiful, and it also showed a bullish arrangement, breaking through the box oscillation platform of 6300~7500 in the previous period, which may open up new upward space; the monthly K-line successfully broke through the last resistance level 20 month line, Once Bitcoin successfully stands firm in the 20th month line, the rebound market will become a reversal market.
Bitcoin price breaks the resistance level
However, there is no consensus on the possible reversal situation of Bitcoin.
Royal Bank of Canada senior risk consultant Chen Sijin believes that Bitcoin has once again started a casino mode: "Bitcoin obviously started a sharp rebound again to attract gamblers to enter the market, and then repeatedly 'progress and three steps back', constantly harvesting leeks and shearing the wool mode, let's wait and see. "
Lianhu Finance Partner Wang Zijian believes that whether Bitcoin ushers in a bull market remains to be observed: "The economic cycle affects the price fluctuations of Bitcoin, and the price fluctuations of Bitcoin affect the altcoin market. Whether this is the early stage of a bull market or a short-term bull market remains to be seen. ”
. At last week’s Berkshire Hathaway shareholders’ meeting, Buffett was negative about the rise of Bitcoin: “This is a gambling tool, there are many frauds in it. Bitcoin itself does not generate value. Just like the shell, it is not an investment for me. "
It is true that Bitcoin is difficult to judge in the long run, but the current global securities market and foreign exchange market volatility is intensifying, and investors are looking for alternative safe-haven assets. Bitcoin, which has the largest increase this year, is indeed an alternative.
Therefore, it is not ruled out that Bitcoin will continue to rise due to the stimulus of safe-haven funds in the short term.
More exciting content, follow Titanium Media WeChat account (ID: taimeiti), or download Titanium Media Appp
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-