The market has been booming lately, with more and more people starting to think about $20,000, or even $100,000. So this article may be a bit scenic at this time, but I still hope to provide some different ideas for your reference.
First, any financial market uses supply and demand to determine whether a bull market or a bear market is. The relationship between supply and demand depends on two aspects, one is fundamental and the other is the capital side. When fundamentals support rising, money is drawn, as has the U.S. stock market over the past decade, becoming a global pool of money, and for markets that don't have fundamentals to support, capital can sometimes be a pusher.
We look at the digital money market, and we also look at the basic logic of the bull market from two aspects.
1, the current fundamentals
If, in the second half of 2017, ico is a historic peak, with a market expansion of more than 90 per cent and a market capitalisation of more than $800 billion (currently less than $300 billion), it should be the highest moment in the digital money market, with a tantalizing aroma in every corner of the world. But with the Chinese government's intervention, including the U.S. SEC crackdown, the market plummeted, the most poignant moment, in short, just over $100 billion, countless cottage coins became zero coins. The root cause of all this is that a large number of tokens do not have fundamentals as a basis for value, and more is fraud. So today, I would like to ask you, has this phenomenon changed? If not, why would the market form a new bull market?
Perhaps some people say that the bull market belongs to Bitcoin, to the mainstream currency. Well, let's take a look at the fundamentals of Bitcoin today, if there are some things that have had the greatest impact on Bitcoin in the last few years:
First, who is Nakamoto Satoshi? Craig Wright has always claimed to have the key to Bitcoin. But he thinks bsv is real lying bitcoin. So I want to ask, is he Nakamoto Satoshi? If so, will this have a decisive impact on the world of digital currencies? If he thinks bsv will replace Bitcoin, will he hold Bitcoin? If not, will Bitcoin be worth it?
The second , it should be sec approval for etf, which is the biggest hot spot around the capital market, and although after several years of effort, we still don't see any sign of approval. And their logic is simple, the market is man-made, and price volatility is fierce. I may ask, have these problems been solved today?
The third , perhaps, is the impact of the digital currency on the market, because we all think bitcoin is digital gold and will become the world's reserve currency of the future. So the question arises, if the country's digital currency is based on Bitcoin, this logic certainly makes sense. But is it real-time? Will the central government consider giving their own money to decentralized nodes? Most of these nodes are also in the hands of a small number of individuals and groups. Bitcoin is replaced by gold, so will the gold in government reserves die out of nature now, or will it be used to exchange bitcoins?
Well, if you have your own answers to these questions, it's up to you to decide whether the bull market exists. 2, the funds side If there is no fundamental support, money to do a good job, is the funds abundant? We think the money comes from several sources. a. China's shadow bank a lot of liquidity, how much of these? At least they're hard to buy bitcoin sits like they did in China before 2017. b, sec approved compliance funds, at present, there is no c. Private capital. If there are already a large number of people holding Bitcoin and they think it is not for sale, how much money is there to buy the remaining Bitcoin? Summarizing these two aspects, I can't seem to draw a bull market judgment. Here are some corroboration evidence for your reference. 1. Why are there more exchanges than tokens? 2. Is the problem of false trading solved? 3. Why do exchanges issue derivatives in large quantities?
Well, I'm not an expert, and there are a lot of things I might not understand. But one thing, I believe. When there is a high degree of consistency in the market, it is possible that the moment of danger is imminent.
Recommendation: Before we break through $13,900, we think this is a rebound against 2019 highs
First, any financial market uses supply and demand to determine whether a bull market or a bear market is. The relationship between supply and demand depends on two aspects, one is fundamental and the other is the capital side. When fundamentals support rising, money is drawn, as has the U.S. stock market over the past decade, becoming a global pool of money, and for markets that don't have fundamentals to support, capital can sometimes be a pusher.
We look at the digital money market, and we also look at the basic logic of the bull market from two aspects.
1, the current fundamentals
If, in the second half of 2017, ico is a historic peak, with a market expansion of more than 90 per cent and a market capitalisation of more than $800 billion (currently less than $300 billion), it should be the highest moment in the digital money market, with a tantalizing aroma in every corner of the world. But with the Chinese government's intervention, including the U.S. SEC crackdown, the market plummeted, the most poignant moment, in short, just over $100 billion, countless cottage coins became zero coins. The root cause of all this is that a large number of tokens do not have fundamentals as a basis for value, and more is fraud. So today, I would like to ask you, has this phenomenon changed? If not, why would the market form a new bull market?
Perhaps some people say that the bull market belongs to Bitcoin, to the mainstream currency. Well, let's take a look at the fundamentals of Bitcoin today, if there are some things that have had the greatest impact on Bitcoin in the last few years:
First, who is Nakamoto Satoshi? Craig Wright has always claimed to have the key to Bitcoin. But he thinks bsv is real lying bitcoin. So I want to ask, is he Nakamoto Satoshi? If so, will this have a decisive impact on the world of digital currencies? If he thinks bsv will replace Bitcoin, will he hold Bitcoin? If not, will Bitcoin be worth it?
The second , it should be sec approval for etf, which is the biggest hot spot around the capital market, and although after several years of effort, we still don't see any sign of approval. And their logic is simple, the market is man-made, and price volatility is fierce. I may ask, have these problems been solved today?
The third , perhaps, is the impact of the digital currency on the market, because we all think bitcoin is digital gold and will become the world's reserve currency of the future. So the question arises, if the country's digital currency is based on Bitcoin, this logic certainly makes sense. But is it real-time? Will the central government consider giving their own money to decentralized nodes? Most of these nodes are also in the hands of a small number of individuals and groups. Bitcoin is replaced by gold, so will the gold in government reserves die out of nature now, or will it be used to exchange bitcoins?
Well, if you have your own answers to these questions, it's up to you to decide whether the bull market exists. 2, the funds side If there is no fundamental support, money to do a good job, is the funds abundant? We think the money comes from several sources. a. China's shadow bank a lot of liquidity, how much of these? At least they're hard to buy bitcoin sits like they did in China before 2017. b, sec approved compliance funds, at present, there is no c. Private capital. If there are already a large number of people holding Bitcoin and they think it is not for sale, how much money is there to buy the remaining Bitcoin? Summarizing these two aspects, I can't seem to draw a bull market judgment. Here are some corroboration evidence for your reference. 1. Why are there more exchanges than tokens? 2. Is the problem of false trading solved? 3. Why do exchanges issue derivatives in large quantities?
Well, I'm not an expert, and there are a lot of things I might not understand. But one thing, I believe. When there is a high degree of consistency in the market, it is possible that the moment of danger is imminent.
Recommendation: Before we break through $13,900, we think this is a rebound against 2019 highs
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
