The crazy factors that affect Bitcoin’s Ups and Downs

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mage by Gerd Altmann from Pixabay

On January 3, 2009, a cryptography enthusiast who claimed to be Satoshi Nakamoto developed an encrypted financial system in which everyone can discover digital currency through mining.

On this day, Satoshi Nakamoto himself also dug up 50 bitcoins.

Bitcoin, known as digital gold, does not have the same safe-haven properties as gold, and it is a non-statutory currency. The circulation scene is more secretive and niche. But in the past year, Bitcoin has risen by more than 10 times. Who is behind this?

11 years later, the market value of these 50 bitcoins is close to 3 million U.S. dollars…


Is Bitcoin going to replace gold? The Great Gold vs Bitcoin Digital Currency

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Image by Mohamed Hassan from Pixabay

We all know that Bitcoin fell below $50,000, but it still rose by more than 60% in less than two months this year. In contrast, despite a small rebound in international gold prices, it has fallen by 6.5% year-to-date, marking its worst start in 30 years. The pace of inflation is approaching due to the positive vaccines. The non-ferrous metals and Bitcoin markets are booming, but gold, which is known as an inflation-preserving asset, has fallen behind.

Has gold, as a traditional safe-haven product, been challenged by Bitcoin?

A precious metals analyst at CITIC Futures, Zhang Wen said that first…


Why is BTC dropping? The most popular cryptocurrency fell to $46,000

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Image by WorldSpectrum from Pixabay

This time, it is estimated that many people have liquidated their positions. On February 23, Bitcoin quotes fell to near 48,723 US dollars, a drop of more than 20% in the past 24 hours. This means that on the evening of the 22nd, many retail investors who bought the bottom of Bitcoin near $50,000 are also in a dilemma of loss, and even some retail investors with high leverage are facing a storm of liquidation.

According to data, in the 24 hours before 19:00 on the 23rd, a total of more than 370,000 Bitcoin accounts suffered liquidation, with the liquidation…


JPMorgan Chase said that Bitcoin, whose price has soared recently, is an “economic sideshow”, and financial technology innovation is the main theme of the financial service industry.

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Image by Darwin Laganzon from Pixabay

JPMorgan Chase analysts said that despite the sharp rise in the price of Bitcoin, this cryptocurrency is still plagued by a series of problems that prevent it from becoming a mainstream asset.

JP Morgan Chase pointed out in a research report last week: “With Tesla, BNY Mellon And MasterCard The company announced that it will accept more cryptocurrencies, and Bitcoin prices will continue to rise rapidly. …


What if I say that The energy required to run Bitcoin is even higher than the combined electricity consumption of New Zealand and Belgium

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Image by WorldSpectrum from Pixabay

Why does such a virtual currency consume so much energy? Using the Google search engine, sending emails, and storing photos in the cloud also consumes power. With the gradual electronification of human life, we need more energy than ever before. But there is a virtual product that has attracted attention because of the extremely large energy consumption, and that is:

A Bitcoin.

As a virtual product with no physical substance, Bitcoin not only requires people to exert a little imagination but also needs a lot of electricity to keep it running. This is the result of an ongoing study of…


‘Touchdown Confirmed!’: What is the history behind the First Photograph?

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The first image was taken by Perseverance of Mars’s surface. Credit: NASA/JPL-Caltech

Falling into the Martian atmosphere at a speed of five kilometers per second, the parachute was deployed at supersonic speed, the heat shield was thrown and the sky crane was used, and the deformed tires of the car body touched the ground to complete the landing. At 4:55 am on February 19th, the Perseverance rover plunged into the Martian atmosphere without changing its orbit and successfully landed. One week after Tianwen-1 entered the orbit of Mars, Perseverance took the lead in contacting the surface of Mars, and this Mars exploration season also entered a new phase.

As one of the…


Does 6G exist? Technically, 6G doesn’t exist yet. But Apple hiring wireless technical engineers to develop 6G technology

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Image by Joshua Woroniecki from Pixabay

Apple’s recruitment information released and that it is hiring engineers for the research and development of next-generation 6G wireless technology. These positions are located in Apple’s Silicon Valley and San Diego offices, where the company is engaged in wireless technology research and development and chip design.

“We will have a unique opportunity to be rewarded by developing the next generation of wireless technology, which will have a profound impact on future Apple products. Ten years of disruptive wireless technology for the next generation.”

This position will be responsible for “Research and design of next-generation (6G) wireless communication systems for radio…


Want to invest in exchange-traded funds (ETFs)? Keep these 5 things in mind before taking the risk

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Image by xresch from Pixabay

Canadian regulators to issue directly managed Bitcoin ETFs for purchase by Canadian residents. It is the world’s first product for retail investors, setting a global precedent.

For those who are looking at the price of Bitcoin, the birth of this product means that small retail investors with large appetites and small wallets have the opportunity to hold Bitcoin. Then the next question is, is this product really suitable for retail investors to participate in?

In alternative investments, ETFs are already relatively alternative products, while Bitcoin ETFs can be regarded as alternatives among alternatives. …


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Photo by Aleksi Räisä on Unsplash

Yes, absolutely. The reason for this price target is simple supply and demand economics

https://gph.is/g/aKQ3b3o

Bitcoin crossed another milestone, breaking the $50,000 mark for the first time. According to real-time data from CoinDesk, Bitcoin hit a maximum of US$50,584.84 and a market value of US$940 billion, and then the price fell.

Bitcoin at $100,000 in 2021?

In the second week of February, Tesla, MasterCard, and BNY Mellon have entered Bitcoin successively, and the support of mainstream institutions has helped the virtual currency to increase by nearly 70% year-to-date.

On Tuesday, MicroStrategy, a listed company, plans to increase its investment in Bitcoin. The micro-strategy announced that it plans to sell 600 million US dollars of convertible bonds to buy more…


The Financial Game Will Be More Complicated. How does China respond?

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Image by Gerd Altmann from Pixabay

Since Biden took office, the United States’ epidemic prevention, social tearing, economic downturn, and diplomatic repair are all urgent priorities. Compared with these priorities, the United States’ financial policy is unprecedentedly unified, that is, debt addiction. Since March last year, the United States has taken swift action and introduced an ultra-low interest rate policy, causing the scale of debt assets to hit a record high. Under such circumstances, the United States is still considering the issuance of 50-year US debt. Whether central banks will pay is still a question mark, but loose monetary policy and ultra-low interest rates are one…

Arslan Mirza

Free-Lance Writer

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