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Original title: Stunned! Bitcoin Exceeds $ 18,000
LittlecurrencypricePass a new milestone!November 18BitcoinIt surpassed US $ 18,000, the first time since December 2017.The non-small data shows that Bitcoin has risen by 13.38% in the past 7 days and this year has increased by 144.7%. As of press time, the price of Bitcoin is $ 18055.88 per coin.
Image source: not small official website
The price of Bitcoin exceeds $ 18,000
Bitcoinunit priceToday it broke through US $ 18,000 in one go, encryptedcurrencymarketThe market is hot and many institutions run into the arena.Senior at Huobi Research InstituteAnalystKang Luzhi believes itThe main driving force behind this price increase does not appear to be hot money and retail investors, but a certain sentiment that institutions fear they will lose.
Several signs can confirm the above point of view, first of all the gray scaleConfidenceBitcoin continues to increase its holdings and other traditional currencies such as Litecoin and Ethereum have also begun to increase their holdings to varying degrees.Secondly, various compliance agencies have recently continued to launch Bitcoinbottom, Or contact the SECinvestmentBitcoin. There is also a continuing decrease in data held on the Bitcoin chain of traditional exchanges.
Kang Luzhi believes itcorporate investorThe investment strategy is more focused on holding. “Due to compliance requirements, the largest holdings of Bitcoin will not be placed in exchange accounts for a long time and will certainly be placed in compliant custodians.storage. At the moment, the accumulation of grayscale holdings also exceeds the daily production of Bitcoin. Bitcoin’s true deflation rate could be far above market expectations. Bitcoin chips in the secondary market continue to decline,In other words, it determines BitcoinPricesChips are becoming less and less and rising prices may be harder thanTo imagineMarket growth in the future could far exceed expectations.“
However, Rui Dalio, the founder of the Bridgewater Fund, was puzzled by the rise of Bitcoin. It was reported that Dario repeatedly sang about Bitcoin, but just last night Dario posted five in a row.TwitterTo express your views on Bitcoin and express your willto acceptCorrect.
In Binance ChinaBlockchainAccording to the researcher of the Research Institute, the big increase in Bitcoin was mainly triggered by the intervention of large American institutions, such as the continuous purchase of grayscale BTC, the support of Paypal, etc. He believes this trend should continue until the large-scale influx of domestic retail investors.
The price of mining machines is heavily influenced by the price of BTC
As the price of Bitcoin rises, what is the market for mining machine manufacturers? What is the impact of miners’ income? Mining machines are a barometer of the price of Bitcoin. Some insiders have admitted that due to internal changes in mining machinery manufacturers and capacity bottlenecks, the overall mining machinery market this year has been difficult. However, as the price of BTC has soared, it is The demand for mining machines has also increased, but there are new machines on the marketsupplyThere are still shortages, the current second hand market for mining machines is hot.
The reporter noted that on the official website of BTC.com, the mining machine whose currency is BTC is currently number one in terms of revenue, with a daily output of $ 15.8, a shutdown currency price of $ 6947. , 04 and an electricity bill of $ 5.46.
“The price of mining machines will rise with the price of BTC and the rise and fall are relatively large. For example, in mid-2019, the price of Bitcoin was around 13,000. At that time, mining machines like S17 and M20 were generally more than 20,000 yuan., And when the BTC was around 7,000 earlier this year, the mining machine was less than 10,000 yuan. “Industry insider admitted.” Recently, the price too mining machinery is on the rise, but miners’ standard fiat income has not yet experienced high growth. “
The industry insider said Bitcoin prices and miners’ income are not directly proportional. “BitcoinPrice fluctuationslargeramplitude, It will be smoothed from the miner’s side. “When BTC rises sharply, Bitcoin’s fiat money income increases. In this case, some old mining machines (such as the S9 series mining machines) are turned on, the entire computing power of the network, BTC blocks rise and daily production increases According to the output formula, the miners’ income The fluctuation is actually small.
“If a large amount of computing power in the network increases the difficulty of the entire network, it will be necessary to adjust the difficulty by two or three cycles, and the miners’ income will return to the previous level; in fact, the difficultymechanismThe existence of BTC, BCH and BSV machine gun pools spawned the eggs. The computing power of many mining pools will be activated on different networks to maximize revenue, but also due to the existence of the difficulty adjustment mechanism, the income of miners is relatively stable, regardless of the skyrocketing BTCPiombino, It is difficult to fluctuate significantly. “The aforementioned industry insider said.
In addition to the Bitcoin machines, some miners have admitted that their current energy is still focused on ETH-based graphics card mining machines. “ETH had a relatively high yield some time ago and the mining machine was more expensive and was also very much out of stock; now that the price has dropped, it’s cheaper.”
(Source: Daily Economic News)
(Responsible publisher: DF380)
Solemnly declares: the purpose of this information is to disseminate more information, and it has nothing to do with this stand.
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