At what stage will digital currency payment be applied? The overall downturn of the market needs to be cautious
Yesterday, there were 2 rumors in the currency circle, one wasUN Agency Accepts BTC and ETH Donations,one isAlipay and WeChat do not support virtual currency transactions。
The latter piece of news is actually not new news. Alipay and WeChat have been in a state of non-support for the past two years, and everyone has tacitly agreed. The first one is considered good news, but I think this kind of news has little impact on the market and does not have a symbolic influence. It is just that the fund established by the United Nations supports digital currency donations. In the past, there have been many reports of institutions supporting digital currency payments. Go, it's mostly just obscenity.
In fact, I have always been skeptical about the digital currency payment application field. Although compared with traditional centralized payment methods,Digital currency payment can realize free transfer transactions between individuals who do not trust each other in a decentralized environment, which is a revolutionary innovation. However, if a new technology cannot be promoted on a large scale and realize commercial value, it will be difficult to promote it to the public.
In the field of payment, digital currency is facing the difficult problem of landing and promotion. Regardless of other factors, in terms of the value of digital currency alone, its price fluctuates violently, and currently only has speculative attributes, while the core of currency payment is currency stability.Unstable currencies are difficult for audiences to use in real life on a large scale。
In addition to the unstable currency value, the limitations of blockchain technology at this stage make its payment efficiency and capacity far less than the current bank card payment, QR code mobile payment, etc.Convenience and practicality are top priorities for consumers, the more complicated and cumbersome the payment method itself is not competitive, it will only be an early adopter action out of curiosity, and it will be shelved after one experience. Digital currency payment is currently in this predicament.
Circle, a block chain star project known as the "American version of Alipay", was founded in 2013Aims to build a bitcoin payment and transfer platform. It developed the Circle Pay social transfer application, and has been favored by well-known venture capital institutions such as Goldman Sachs and highly recognized by regulators. However, it closed the Circle Pay application at the end of September this year and shifted its business direction to stablecoins and exchanges.
In addition, TipJar, which is engaged in cryptocurrency micropayment services, recently announced that it will be closed in the first quarter of 2020. There are also many blockchain projects for payment and consumption that started in 2017. The early calls were very high, and payment channels have been opened one after another. , issued digital currency physical cards, but without exception fell into a development dilemma. The transformation of the businesses of these startups and the closure of services speaks volumes:At this stage, the application of digital currency payment consumption scenarios is still a false demand until a greater breakthrough is made in blockchain technology. Although the product has been developed early, and many merchants support digital currency payment, the usage rate of consumers is too low, and it is difficult to effectively promote it without the support of users and business models.
Although I believe that blockchain technology is not a problem, butThere is still a long way to go in the field of digital currency payment in terms of consumption habits, policy supervision, landing applications and market promotionOperation suggestion:
Operation suggestion:
BTC: It stopped falling at $8,400 yesterday, and then settled around $8,500. This afternoon, it first skyrocketed and then plummeted, and the market of both long and short bursts was staged again. The hourly line fell below the support of the MA60 moving average (8400 US dollars), and released volume energy. The trend is like this under the oscillating pattern. The dealer controls the market and the market is erratic. Therefore, the overall suggestion is to place orders cautiously, bring stop losses, and do not chase high. In the short term, it will be seen whether the previous pressure range of 8,300 US dollars can be held. If it is held, there is hope to hit the 8,600-8,800 US dollar range again. If it cannot be held, it will test the 7,700-8,000 US dollar support again.
Judging from Okex’s contract big data, the ratio of BTC long-short positions has not changed significantly, and the number of long-short positions is relatively balanced, but the total amount of BTC contract positions has fluctuated greatly. A sharp increase in volume. It reflects that when the futures contract is delivered, the game of the banker, both long and short, the futures market dominates the trend of the spot market. After the futures are delivered, both long and short sides will face a new round of choices, and short-term operations should be cautious.
ETH: After a short-term surge of US$196, it fell back, and the amount of decline was relatively obvious. It fell below the support of the 1-hour MA60 moving average, and the short-term trend was downward. The daily line level is facing the support of the MA60 moving average ($185), and it is still in an upward trend in the range as a whole. If the support is not broken, there is still a possibility of a rebound.
LTC: After failing to hit $60 yesterday, it has been in a retracement trend. It has fallen synchronously with the fall of BTC. The 4-hour line level will test the support of the MA90 moving average ($56). If you can’t hold it, it will go to $50-52 Bottom range.
BCH: In the short-term, it rose and fell back, and fell back to the previous increase. The short-term support is 220 US dollars, and the upper pressure is still 240 US dollars.
EOS: The overall trend is weak. When BTC and ETH rebounded, there was no rebound. The short-term support was 3 US dollars (MA60 moving average).
XRP: The trend in the past two days has been weak. The short-term support is 0.26 US dollars, and the pressure is 0.29-0.3 US dollars. From the perspective of volume, there is not much market, and it is not recommended to participate in the mainstream currencies.
TRX: Following the slight retracement of the broader market, the short-term support is around the 4-hour MA60 moving average (0.0153 USD), and the change in volume energy is weak. Be careful when falling below 0.015 USD.
ETC: 4-hour level, rising and falling, short-term support of 4.73 US dollars (MA30 moving average).
Platform currency: The overall trend is in sync with the broader market, with a short-term slight decline. The short-term pressure of BNB is near the MA360 year line (18 USD), with a support of 16.5 USD; the short-term support of HT is 3.3 USD, and the pressure is near the MA30 daily average (3.55 USD); the short-term pressure of OKB is 2.4 USD (MA30 daily average), with support 2.2 U.S. dollars, if it falls below, there is a risk of falling back to 2 U.S. dollars; GT continues to shrink and organize the trend, with short-term support of 0.5 U.S. dollars, and if it falls below, pay attention to stop loss operations.
Altcoins: The overall trend follows the decline but not the rise. It is of little significance to participate in the near future. Continue to wait and see.
