In 2017 just past, the skyrocketing Bitcoin has undoubtedly become one of the hottest topics in the world: in a year the price has skyrocketed about 20 times, falling more than 40% in a day. At the beginning of the new year, bitcoin continued its recent decline and the price fell below $ 13,000 / piece. However, compared with the price of less than $ 1,000 at the beginning of last year, the price of bitcoin still deviates from its value. Recalling the first bit of bitcoin to ask the world's most sought-after days, a man who used 10,000 bitcoin bought a pizza, in the face of today's market, some regret, more people are worried and doubts: Bitcoin bubble in the end How big? Is it a replica of a tulip bubble?
Bubble price of bitcoin is already an issue that need not be discussed. Whether it is from the rise or from the currency itself, bitcoin is full of bubbles. Its so-called advantages: scarcity, fidelity, strong liquidity, transparency and decentralization are all speculations. It is simply impossible to support the same rally as roller coasters. The recent plunge has already explained the issue very well.
One of the sources of bitcoin's bubble is the speculation that tricks it up. On the one hand, it is the mystery of bitcoin speculation, including but not limited to the mystery of inventor's life experience, encryption of currency aura, total inflation control, etc. On the other hand, it is a "decenterization" Any country, government and financial institutions control, with security and "unrestrained" attributes. In addition, bitcoin itself has neither price fluctuation limit nor trading platform in a complete trading mechanism, giving speculators a night of riches in imagination, coupled with bitcoin branching and token issuance, Once promoted its price rise.
Bitcoin without value support, why the soaring skyrocketed? Another possibility is that there is trading collusion. Along the bitcoin from cold to hot, currency from low to high trajectory, we can easily find: bitcoin above mentioned so-called "advantages" are born, why once trend? This is very worth pondering. According to Bloomberg News, about 40% of the world's bitcoin is controlled by only about a thousand people today. Bitcoin insiders call it "Moby Dick." At the same time, from the historical evolution of bitcoin's development, until the eve of its soaring price, the currency was merely a "small circle" on one of the few platforms. It is easy to think of the possibility of a collusion of transactions - a lot of Bitcoin holders naturally have the motivation to raise their prices to cash in.
Bitcoin is a currency rather than a currency. Throughout the world, Germany, among the major powers, recognized Germany as the equivalent of a "private currency." Neither monetary nor national financial regulatory authorities will naturally regulate bitcoin as the currency of regulation. As such, bitcoin has increasingly become a special "equivalent" to the gray zone.
Recently, bitcoin and its derivative financial transactions are in full swing. Many exchanges, including the United States, approved bitcoin futures trading but did not regulate it. This gave bitcoin a seemingly "legitimate" cloak that also made bitcoin more like a tulip bubble in the 17th century in the Netherlands: "Makers" with a clear purpose earned their pockets, and blindly sought after knew it. . Compared to the high of $ 20,000 / mt, the bitcoin price is now bearish, but bitcoin is more vulnerable to the bubble if the government strengthens regulation in the future or if its own capacity constraints lead to contraction. In the past, bitcoin prices have been cut through the experience of its future to be particularly vigilant.
