The first 10,000-fold coin YFI will appear in 2020. Will Bitcoin and Ethereum give up their throne?

沈万源

特邀专栏作者

2020-08-30 22:26 (UTC+8)

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The first 10,000-fold coin YFI will appear in 2020. Will Bitcoin and Ethereum give up their throne?

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The first 10,000-fold coin YFI will appear in 2020. Will Bitcoin and Ethereum give up their throne?

On the news side, the hottest news in the past two days this weekend is that the official operation of the central bank’s digital currency has set a record for the highest unit price in the currency circle and broke the highest record of $20,000 for Bitcoin. The previous high, YFII continued to rise strongly, YFII touched 6000 USDT in a short-term, and rose by more than 315% in 24H.

CCB's "Digital RMB Wallet" has been launched or is limited to practical application in some test areas

According to the official APP of China Construction Bank, the CCB digital currency personal wallet has been launched. At present, the APP has added two sub-menus of "Digital Wallet Recharge" and "Digital Currency". Users can bind their bank cards to activate directly, but at present, this function may only be practically applied in some test areas.

According to the news from the Financial Associated Press on August 29, in response to the issue of the CCB mobile app launching digital currency in personal wallets, CCB responded this evening that on the evening of August 28, CCB carried out related functional tests on the mobile banking system. It's over. The current online information is the test content in the process of technology research and development, which does not mean that the digital renminbi is officially issued.

What I have to say is that although they are all things that have nothing to do with Bitcoin, it still has a positive effect on promoting the currency circle, at least in attracting non-currency users to transfer to currency circle users The promotion is not small. Because now is the period of increasing user increment, and the background of the era is completely different, of course, it is different from the previous CEX era. Some people still don't understand such a simple truth. If you still refer to CEX as DEX, it is not a technical problem, but a comprehensive cognition problem of computer science + economics + philosophy.

Market short-term analysis and operation summary:

Operation suggestion:

1.11680-11650 enter the market with empty orders, stop loss default, target 11460-11500

2. 11400-11460 enter the market with multiple orders, default stop loss, target 11650-11680

ETH operation suggestion:

1.410.7-412.8 entry layout empty order, default stop loss, target 383-388

2.383.3-388.8 entry layout long order, default stop loss, target 410-412

Interpretation of market outlook:

From 8:00 in the morning to 18:00 (10 hours), the top three net inflows of funds are: BTC (+69.1556 million US dollars). It can be seen that Bitcoin has been stimulated by news and weak shocks, but has not been able to fall below the market psychological level. The weak market is no longer what everyone is worried about, and today is also the road to rebound. Although the increase is not large, it is less than 200 points overall, but it is normal for the weekend "statutory immovable day" market, so what impact will it have on the next Bitcoin market?

In fact, in my personal opinion, there is no need to worry about the promotion of Bitcoin due to the YFI siphon effect of absorbing funds from outside the circle. First of all, because Bitcoin lost the siphon doubling effect of the previous few years, under the reflection of YFI Obviously, the absorption of funds is far behind, so there is no need to worry about this problem before the end of the YFI siphon effect. Therefore, in terms of our operations, the thinking does not need to be changed too much. The trend of short-term dominance has not changed!