What are the ups and downs of Bitcoin based on

According to the data from the Firecoin Global Station, what is the basis for the rise and fall of Bitcoin? What is the high increase rate for Bitcoin? 1、 Bitcoin’s trend

Figure 1: Bitcoin’s daily trend chart (source: Huo Coin)

2. Daily K-line trend chart (source: Bitstamp), with the Shanghai Composite Index rising by 10%; The Shanghai Composite Index fell 13%

3. Market analysis

From the technical point of view, at present, the 4-hour Bollinger Bands is in a closed posture and in the upward movement, the MACD indicator multi head volume can be gradually released and gradually strengthened, and the RSI indicator rebounds slightly near the 0 axis. At around 21:30 on the evening of May 12th, there was a significant increase in volume, followed by a volatile downward trend, with a peak price of $7150; At around 16:30 today, it hit a low of 7025 again and finally closed below the 7288 level 4. Overview of mainstream trading platform currencies (source: MXC Matcha)

BTC/USDT

Figure 2. Comparison of Bitcoin price trends is taken from MXC Matcha data. The figure shows that as of the end of June 2019, BTC quoted 38250.82 yuan, a 24-hour decrease of 6.33%, and is currently at 3925.81 yuan

How to calculate the rise and fall of Bitcoin

Editor’s note: This article is from BlockBeats (ID: BlockBeats), reprinted by the Daily Planet with authorization Bitcoin reached a new high in November 2018, rising from $30000 at the beginning of the year to around $10000 now; Then it fell to a minimum of $5; All of this seems fundamentally different from the bull market in 2017 and the bear market in 2016- when Bitcoin prices rose too quickly. But now the situation is vastly different. At the end of 2017, people had a better understanding of the digital asset market and began to pay attention to the price trend of Cryptocurrency and how it affects market volatility. Therefore, we have found some valuable data to refer to. According to data provided by CoinMetrics, the total market value of Cryptocurrency has increased by more than $100 billion since the end of 2017. Since 2019, many significant changes have taken place in the whole industry: with the development of blockchain technology, digital Cryptocurrency represented by Bitcoin has been widely adopted, and its network value has also been constantly improving, which has reached the highest level in history. In the second year and a half of 2018, Bitcoin experienced a significant pullback and did not break through its previous high until it returned to normal in December of last year. However, due to the high transaction costs, many investors believe that this is a major event, especially for those who want to buy or sell digital tokens, this trend will undoubtedly bring huge benefits. However, it is also pointed out that “although Bitcoin is one of the oldest and most useful technologies in the world, it is also the first truly decentralized financial product in the world.” There is a lot of information about the relationship between digital Cryptocurrency and the stock market: what is digital gold, the pricing system of Bitcoin, digital Stablecoin, etc

Next, we will introduce the pricing mechanism of two different digital Cryptocurrency in detail. 1、 The BTC/USDT pricing model

Bitcoin uses algorithms to determine whether a product’s price is reasonable, and uses this as the basic valuation standard to measure it. If the price is defined as a unit price, then Bitcoin becomes the only choice for a “deflationary” state; If this is taken as the benchmark, it indicates the price of a specific form of Fiat money. In other words, this is true when everything is inflation. For example, fiat currencies like the US dollar are not convenient to circulate and use in other parts of the world, but in some countries, they may even be more susceptible to sanctions from government regulatory agencies. So the price of Bitcoin should be calculated according to fixed rules. 2、 ETH/WrappedBitcoin Price Index

Bitcoin consists of four parts:

(1) Proof of Work mining rewards allocate computing power to validator node participants; (2) Incentive measures and block space consumption rate in the Bitcoin Cash cash consensus agreement; (3) The order of magnitude distribution of hash functions As more and more developers enter this field, these new features will gradually emerge,