Looking at stocks solemnly: bitcoin or roller coaster with $50000 standing on it

Source: solemn words / articles This Spring Festival holiday, as the price of bitcoin continues to record high, more and more students pay attention to bitcoin. Just today (February 16), bitcoin once stood above $50000 each. Affected by this, the Hong Kong stock blockchain plate also rose rapidly today. Gome retail rose by more than 24%, firecoin technology by more than 24%, Zhongan online by more than 23%, xiong’an technology by nearly 18%, and auco cloud chain by more than 11%. However, it is necessary to remind students that if you are not as rich as musk, it is suggested that you should not easily participate in the speculation of currency, especially do not add leverage to fry currency, otherwise it is not impossible to lose your fortune. Bitstamp platform data showed that bitcoin price broke through 49500 US dollars / piece on the 14th of US Eastern time, setting a new record, with a rise of more than 20% in the past week. A day later, bitcoin fell below $48000 per coin, with a minimum of $46076 per coin. Many investors who used leveraged funds to hold the currency suffered heavy losses. As of 20:30 on February 15, more than 250000 people were out of positions in 24 hours of the bitcoin contract, with a total amount of 1.581 billion U.S. dollars, or about 10.122 billion yuan, which reached a 30 day high. The largest single open position occurred in huanbi BTC, worth US $21.25 million. It’s not the first time bitcoin has burst in recent days. But it does not seem to affect the frenzy of many investors speculation. A very important factor: since September 2020, the price of bitcoin has soared from 80000 yuan / piece to 310000 yuan / piece, with an increase of nearly 300% in six months, far higher than that of other major categories of assets. Bitcoin’s soaring price is largely believed to be due to Musk’s “carrying goods”. Recently, musk has expressed his support for bitcoin more than once on twitter, and every public support will lead to the rise of bitcoin. With his own efforts, he put bitcoin and dogcoin to a historical high. Tesla has invested a total of $1.5 billion against the currency, according to a filing filed with the SEC on February 8 local time. Tesla also said it plans to accept customers using bitcoin to buy related products in the near future, making Tesla the first large car manufacturer to accept bitcoin payments. In addition to Tesla, statements from the traditional financial sector have also added to the bitcoin market. Last week, MasterCard, a global payment company, announced on its official website that it was preparing for cryptocurrency as a payment method, saying it was to meet the payment needs of customers and businesses, but it did not constitute a proposal for currency use. PayPal, the global digital payment platform, has also taken the position. PayPal announced last year that it would allow users to use cryptocurrency to shop on its network of nearly 26 million merchants this year. The digital cryptocurrencies that initially supported online settlement and payment included bitcoin (BTC), Ethereum (ETH), bitcoin cash (BCH) and letcoin (LTC). New York Mellon also announced recently that it will act as an agent for clients in custody and transfer of bitcoin and other cryptocurrencies. The bank has discussed with customers the way of “recording” digital currency. Bank of New York Mellon said that the same mechanism could be used to manage digital assets and other traditional assets, and the platform for this purpose has already taken shape. According to another report, the investment department of Morgan Stanley, with assets under management of $150 billion, is considering adding bitcoin to its list of potential investments. Counterpoint global, owned by Morgan Stanley Investment Management, is currently studying whether bitcoin is suitable for its investors, but investment will require approval from the company and regulators, according to people familiar with the matter. It is worth noting that Canada has approved the launch of the world’s first bitcoin Exchange Traded Fund (ETF). For the price of bitcoin, optimists even see more than $300000. Softbank Chairman Sun Zhengyi said bitcoin would replace gold and increase its unit price to $100000 by 2025. Fitzpatrick, an analyst at Citibank, is more aggressive, believing that the unit price of bitcoin is expected to rise to $318000 by 2021. Not everyone is optimistic about bitcoin, and there are also many well-known investors who are extremely bearish on bitcoin. Including former Microsoft chairman Bill Gates, Berkshire chairman Warren Buffet, all think bitcoin is worthless. Nassim Nicholas Taleb, the author of the famous financial book Black Swan, tweeted on February 13 that he had been dealing with his own bitcoin holdings. “A currency is never more volatile than what you buy and sell with it. You can’t price goods in cryptocurrency. ” This [bitcoin] is a defeat, at least for now, according to Taleb. ‘bitcoin volatility doesn’t decline over time or higher prices, which is exactly what you don’t need,’ Mr. Taleb said. The former power trader also talked about a controversial point about digital currencies, especially bitcoin: the nature of criminal instruments: another issue that bitcoin enthusiasts don’t understand is that the attractiveness of cryptocurrencies depends on some opacity, and their ability to defraud taxes and launder money. More economists have accused musk of manipulating the bitcoin market, suggesting that the SEC should investigate. According to markets insider, economist Nouriel Roubini believes that people with broad social influence, such as Elon Musk, should be aware of the possible impact of their remarks and have enough to manipulate the market. After Tesla could buy the position, musk said Tesla had invested and then raised the price. Even if Tesla didn’t make money, such a statement would be quite irresponsible. It would affect the price trend by expressing one’s position against the special currency. Nouriel Roubini believes that this is a “criminal act” and the US Securities and Exchange Commission should investigate it. Since the market is not clear about the trading of bitcoin by musk or Tesla, and whether musk will benefit from it after making relevant comments, it is worth investigating by the securities and Exchange Commission in either case. After all, bitcoin continued to climb after Musk’s comments and reached a new high. After reading the bitcoin market, the price has returned to below $49000 / piece. The price fluctuation is indeed stimulating. So remind students, want to fry money, first of all, to think about whether their heart can bear. [I’m solemn. I’m the bareheaded gang leader. I’ve been a financial journalist for 20 years. Writing articles is just because of hobbies, all tips are for reference only, and do not constitute investment suggestions. There are risks in stock market, so we should be cautious when entering the market. 】

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