The reasons behind the dive of Bitcoin, more orders once again made thousands of points of profit

玩币团长

特邀专栏作者

2021-04-08 12:09

This article is about 1557 words, reading the full article takes about 3 minutes

Reasons behind Bitcoin's dive

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Reasons behind Bitcoin's dive

News side:

1. PlanB, a cryptocurrency analyst and creator of the S2F model, tweeted: Of course, Bitcoin is volatile and can easily rise or fall by 20% in a short period of time. But according to the S2FX model and on-chain signals, we are far from the top of this bull market.

2. According to Cointelegraph, 12 cryptocurrency billionaires are shortlisted for the 2021 Forbes (Forbes) 2021 list, while only four entered the list last year. FTX founder Sam Bankman-Fried is the highest-ranked crypto billionaire among them, with a net worth of $8.7 billion. Other finalists include the Winklevoss brothers, founders of Gemini, Michael Saylor, CEO of MicroStrategy, Brian Armstrong, CEO of Coinbase, and others.

3. According to CoinDesk on April 8, Peter Thiel, co-founder of PayPal and billionaire investor, said that Bitcoin may become "China's financial weapon" to overthrow the currency status of the US dollar. He believes that, assuming China is long bitcoin, the cryptocurrency could pose a threat to the U.S. dollar’s reserve currency status.

From yesterday to today, Bitcoin took the lead in a market dive in the entire market. According to rumors in the market, the two major institutions, Goldman Sachs and the Monetary Authority of Singapore, are issuing warnings. Among them, the CEO of Goldman Sachs pointed out that the regulation of Bitcoin will usher in major changes. The CEO of JPMorgan Chase has been disliking Bitcoin for more than 9 years, but in the end he also issued a coin.

He believes that Bitcoin and all cryptocurrency-related laws and regulations need to be improved, and the new problem that needs to be solved urgently is the correct use or improper use of financial data in the supervision and status of cryptocurrency. In addition, the world's largest bank also said that regulators want to include content in the regulatory system and what they don't want to include. At the same time, they also talked about the current regulatory situation in the United States is very complicated; so he believes that a new regulatory measure is needed.

In addition, the CEO of Goldman Sachs also stated that he is experiencing a big development, and the current regulations will prevent the bank from prohibiting access to cryptocurrencies. Then from the above information, the godfather saw that JP Morgan Chase and Goldman Sachs are actually talking about one thing, that is, the supervision must be sorted out. Because there have always been different regulations in different places, traditional financial institutions are at a disadvantage in the competition with new financial technology companies; therefore, there should be a more complete regulation, which is also an appeal.

In Godfather’s view, what the above said is that these institutions need a complete regulatory system, which is more conducive to the better operation of these large-scale institutions in the later stage. Of course, the Godfather is still optimistic about the market in the later stage. The godfather is also here to share his experience in the currency circle. For the purpose of knowledge experience, making money is destined. For the purpose of speculating to make money, regret is doomed.

Bitcoin:

Operation suggestion:

At 57850, the most target point is 58850, and the defense point is 57000

The godfather of currency speculation has been in the currency market for 7 years. From being ignorant at the beginning to becoming familiar with it later, from losing money at the beginning to making money now, from making orders blindly before to investing rationally now, from fighting alone before to now with a team operate. 7 years is just the beginning, what I want to do is 20 years, forever. I firmly believe that those who do everything for 7 years must turn an industry from a public to a professional. The content of this article is exclusively planned and released by the team of senior analysts, the Godfather of Speculation (public account: Godfather of Speculation). If you want to know more about real-time investment strategies, solutions, methods, trading techniques, operating skills, and K-line, you can add it to my learning Communication, I am the godfather of currency speculation, I hope to help you find what you want in the currency circle.