Bitcoin is a mathematical definition. Bitcoin has a certain amount and a way of distribution... It is pure, no one is running it, no company is running it, it is just... growth and development and sBitcoin mining software macurvival. To me, this is natural, and nature is more important than all of our human customs.
Of course, in the end, the sentiment of market hedging + Hype + FOMO is still there, and maybe it will start to pull back tomorrow. However, in accordance with this trend, there will be a wave of bull market around 2020 that exceeds 2017. We must control the position and witness the Power of the Halve.
In addition to competitors, Ethereum also needs to deal with investors who like to go short. Earlier this year, the P2P trading platform BitMEX launched a swap product that allows investors to short Ethereum. Former Goldman Sachs analyst Timothy Tam believes that this is the factor that triggered the fall of Ethereum.
On October 10th, Chicago Board Options Exchange (CBOE) analyst Kevin Davitt stated that in the past 20 days, Bitcoin’s historical volatility (HV), that is, the average daily price change rate, has fallen to 31.5%, which is higher than that of Nvidia, Amazon, Netflix is even lower. Looking back in December last year, when the Bitcoin price hit a new high of nearly $20,000, the figure was as high as 140%, which was much higher than these companies.
The company released an interim report in September 2017 and found that as of September 15, Tether had $442.9 million in cash, which could fully support USDT tokens. However, like FSS's new report, Friedman's memo is largely too protective of himself. For example, the company stated that the cash-holding account is in the name of the trustee, and it cannot guarantee that Tether has any enforceable agreement with the trustee.
The consensus protocol is hard-coded from tBitcoin mining software mache beginning, and if it needs to be modified, it must be forked. If Bitcoin and Ethereum need to improve their throughput based on the network conditions, developers need to estimate the network conditions, weigh efficiency and security, and then adopt a conservative plan to upgrade the protocol.
A recent report by Chainalysis pointed out that North American investors have chosen a conservative buy and hold strategy, especially when compared to Eastern investors. In terms of global averages, North America is the third most active region in cryptocurrency trading volume. However, unlike other countries, North American trade is very internal. The regional flow of bitcoin shows that more than $60 million in bitcoin transactions flow within the mainland, that is, from North America to North America. Although the internal flow in each region is higher than the external flow, there is even more flow in North America than in other regions. The report pointed out that it is not only the trading activities within the United States that are taking the lead, but also institutional investors. In the past two years, institutional investors have begun to enter the North American market and reached a peak in December 2019. The size of the transaction also shows that the North American Bitcoin market has more institutional volatility. Between December 2019 and May 2020, the value of transactions exceeding USD 1 million rose from 46% to 57%. The actual value of Bitcoin fluctuates from a high of $10,000 to a low of $800. During this period, the market share of professional investors also rose from 87% to 92%. The report pointed out that institutional investors are Bitcoin hoarders, not traders. In the past two weeks, more than 300,000 bitcoins were sold, profits exceeded 25%, and the age of bitcoin holdings dropped sharply. This shows that long-term bitcoin holdings are being sold in droves, obtaining high profits of at least a quarter of their value. Since institutional investors are at the center of hoarding strategies, they may also become the center of selling and realize their own profits.
But all cryptocurrencies have different fundamental factors: BCH halved in April this year; multiple Dapps (decentralized applications) and DEX (decentralized exchanges) were launched on Ethereum; Binance announced the launch of new Trading products; Tezos did not issue any major announcements.
Feng Pei: What kind of token is defined as a security? If the token is issued, the white paper clearly talks about the return, the guarantee and the distribution method of the possible future income. It makes everyone look like equity investment. Such tokens may be regarded as securities tokens. The issuance of tokens, if it is not issued in the mainland, does not raise funds from unspecified retail investors in the mainland, and mainly raises funds for overseas and individual domestic private equity funds. This method should not be defined as illegal.