The rapidly declining market caused panic among all investors. Just when many people started to stop losses and liquidate their positions, many trading platforms unexpectedly experienced downtime or maintenance. The affected areas included spot and contracts, even Over-the-counter transactions are also deeply affected. For example, under extreme market conditions, the Binance trading platform has suspended gold withdrawals, and some Huobi users reported that the OTC platform displayed a "server erroFree Ethereum siter" and could not conduct OTC transactions. The repair was completed after a few hours.
When any industry develops to a certain stage, there will be a wave of acquisitions to achieve the optimal allocation of industry resources. At present, the largest and most active buyers in the M&A market are cryptocurrency exchanges. They acquire each other's technology and talents through acquisitions to maintain their competitiveness. This trend will continue for the foreseeable future.
The current Bitcoin market is indeed quite effective because there can be no easy arbitrage opportunities. Historical risk and return data for bonds, gold, stocks, and Bitcoin show that the Bitcoin market overestimates risk. Bitcoin returns do not match the risks, but they are very consistent with the S2F model. The Bitcoin options and futures markets do not expect prices to increase after or after the halving. The market may still overestimate future risks.
The Elliott Wave Theory believes that the driving force behind speculative market price fluctuations is investors' expectations of future prices. This makes sense, because investors will only buy when they think the price will rise so that they can sell at a profit, and when they buy, they will push up the market price. So, optimism will drive prices up.
●Electronic cash: Bitcoin provides a digital cash (BTC) and a payment system using the electronic cash as a medium. Similar to the behavior of using cash in daily life, Bitcoin also has the functions of anonymous payment and ownership transfer. The former is realized by a public key address that is not associated with a real identity, and the latter is realized by a digital signature of a private key;
In fact, this is a game of drumming and spreading flowers. The team issues VDS to raise BTC, then uses BTC to raise the price of VDS, and then continues to use slightly more expensive VDS to raise more BTC. Investors' income depends on the rise in the price of the currency. Once the projectFree Ethereum site party stops pulling offers and latecomers hesitate to move forward, none of the idlers still on this ship will be spared.
In contrast, issued Tether are tokens that are actually in circulation, that is, they have been sold to customers by Tether and then fully supported by Tether's reserves until they are redeemed. They are included in the market capitalization of Tether. When tokens are issued, the stock of authorized but not yet issued tokens will be used up, and this authorized inventory will be replenished by authorizing new tokens according to market demand.