The reason why it is determined to be a strong influence of gold is that none of the other mainstream currencies rose yesterday, or the rise was extremely limited. Basically, only Bitcoin has the function of anti-inflation and hedging among cryptocurrencies. Other currencies are not prominent or have no functions in this regard, so the increase of Bitcoin is much greater than that of other currencies.
A number of people from major state-owned banks said that they are testing digital wallet applications on a large scale in Shenzhen and other places to prepare for the official launch of digital currency. The digital currency is led by the central bank, and various banks have been testing the landing scenarios in the past few months. At present, internal employees of some major banks have started to use it for scenarios such as transfer and payment.
Of course, the whole is still in the stage of internal testing, but according to the several news that have come out in the past few years, the progress will move forward after each news, and it is estimated that the official opening will be soon. Currency can appear in front of everyone.
In the past two days, there is another incident that deserves everyone's attention, which is the dispute between the developers of the BCH community about the BCH fork. ViaBTC mining pool CEO Yang Haipo will initiate another fork of BCH, and the new fork chain code is BCC. Later, Yang Haipo, CEO of ViaBTC mining pool, said on Weibo: "BCH has suffered from ABC for a long time, and it is time to make a change.
It is reported that Yang Haipo Yang Haipo's voice this time is mainly against ABC and its chief developer Amuary Sechet, especially the disagreement about the new difficulty algorithm on November 15. But in fact, this type of community disagreement is just a trivial matter, and there is no need to use forks to solve it. Such a radical approach also made many friends in the "Bitcoin Cat" group that Yang Haipo set up said, "No To fork BCH is to drive away ABC."
V God, the co-founder of Ethereum, responded to netizens on Twitter and said that he did not understand why the people on the BCH team cared so much about the details of the difficulty adjustment algorithm. “The optimism that BCH development will improve after CSW exits is definitely one of my worst predictions,” he said.
It is preliminarily estimated that the fork of BCH is very likely to be a marketing method of the community, especially for those who propose this plan. After all, this year, with the shining light of ETH outside and the internal turmoil in Bitmain, BCH is close to disappearing. But everyone is gone.
I don’t know if BCH has a tradition of civil strife. The BCH fork was also due to the disagreement between Wu Jihan and “Aoben Satoshi”, which led to the fork of BSV. Now it is basically close to splitting Bitmain in two, and no one can do anything about it. During this period of rising currency prices, Bitcoinmain has basically completely missed the opportunity to further expand its business. And now there is another fork of BCH. From the perspective of investors, can the developers and maintainers of BCH be able to do it? Is there any future.
In fact, this year's civil turmoil in the stock market is not only Bitmain, but another mining machine giant, Canaan Zhizhi, which has already been listed, also encountered civil turmoil. The holdings were evenly matched between the two parties, but Zhang Nangeng took a thunderous approach and directly kicked out Kong Jianping, the director of the "Hangzhou Department".
Of course, it cannot be described as sweeping the floor. Although the directors of the Hangzhou department did quit Canaan Yunzhi, they still had a friendly breakup meal. After all, it is an adult world, and the result is still profit-oriented, and internal conflicts arise. It will only make the company miss the current good development opportunities, and in the end both parties will benefit. Bitmain's current situation is a good example. Taking advantage of the current civil strife in Bitmain, Canaan is ready to go ahead and strive to gain more market share when the "first brother" of the mining machine has no time to take care of himself.
Now that Bitmain’s internal worries have not been eliminated, and it has no intention of taking into account the development of BCH, the community may have seen Bitmain’s performance this year. I am afraid that it will not be able to count on it in the short term. At present, it is the only way to make changes by yourself and use some marketing methods appropriately. Attention is not impossible, but if the fork is really realized, I am afraid that it will become another ""Aben Satoshi"", the purpose of selfish desire is more obvious, and it will have a certain negative impact on the currency price and the ecology of BCH.
Back to the market, under the influence of the strength of gold yesterday, Bitcoin continued to rise for nearly 24 hours from 9:00 yesterday morning to this morning. The price rose from a peak of $11,100 to $11,800, a daily increase of nearly 5%.
The reason why it is determined to be a strong influence of gold is that none of the other mainstream currencies rose yesterday, or the rise was extremely limited. Basically, only Bitcoin has the function of anti-inflation and hedging among cryptocurrencies. Other currencies are not prominent or have no functions in this regard, so the increase of Bitcoin is much greater than that of other currencies.
Yesterday we said that although the market has not broken through, it will not go down. As long as the market is oscillating, it is beneficial to the market to continue rising. The fact is that this is the case, but it is unexpected that gold is really so strong, and it continues to set new highs At the same time, it also led to the rise of Bitcoin. After the rise of Bitcoin yesterday, it can be regarded as out of the upward range, and the risk will be smaller next time.
Looking at the hourly line, there is currently a rebound trend. It also started to rebound after bottoming out twice in a row below 11600. It is actually already on the way to rebound. It is not a big problem to intervene a little more around 11600 to test it out. The low point of the day is a stop loss position, and the position does not need to be too large. It is also possible to increase the position after the follow-up market meets expectations.
Today, if the callback ends and starts to rebound, there is a great chance that the market can turn positive again and continue to rise. The most important thing is to see if the price of gold can keep going. According to the current momentum of gold, it is still very promising to continue to rise.
Taking a step back, even if BIT does not rise further in the short term at this position, as long as it can maintain a continuous shock above 11500, there is still a chance to make another charge in the near future. Today's market has limited room for decline, so it is not afraid of shocks. When it rises, shocks The adjustments are all for the next rise to accumulate strength.
Looking at the hourly line, there is currently a rebound trend. It also started to rebound after bottoming out twice in a row below 11600. It is actually already on the way to rebound. It is not a big problem to intervene a little more around 11600 to test it out. The low point of the day is a stop loss position, and the position does not need to be too large. It is also possible to increase the position after the follow-up market meets expectations.
