A chance to short the bottom of the digital currency market may come

Some people say that the current currency market is a news market.

A chance to short the bottom of the digital currency market may come

As for the evidence, such as the 1994 massacre, such as the blockchain financial media, the "Goose Factory Investment in Ripple" incident is a bloody example.

To give another example: probably a few weeks ago, some media reported that representatives of many governments at the G20 summit would propose to supervise the digital currency. As a result, the digital currency represented by bitcoin on the eve of the summit ushered in a plunge in the value of the currency. After the summit’s top executives announced the temporary veto of this proposal, the currency market began to rebound slightly.

Then go down and talk about several recent "wind vane" events that are worthy of attention.

The first thing is that the number of digital currency exchanges in the world has been warned by the Japan Financial Services Agency. The reason is that the currency security in Japan is suspected of unlicensed business activities, and then there is news that the currency security or the headquarters moved to the horse, and then the currency In the interview with the media, Zhao Changan, the founder of Ann, revealed that he did intend to set up an office in Malaysia. Incidentally, the Japanese government has always been in favor of adopting regulatory measures for digital coins.

If the first thing is not enough for the domestic currency players (after all, the currency has long transferred the server to foreign countries, and in February this year, it is simply blocking the ip from the mainland), then the first Two things are worth pondering – Giant Network Group Co., Ltd., controlled by legendary wealthy Shi Yuzhu, announced that Giant Network will transfer its 14% OKC (OKcoin) stake for $28.5 million.

The third thing deserves our attention most, because it involves the country's "microphone" - CCTV.

Recently, CCTV reported a news that “the Japanese virtual currency case has suffered more than 660 million yen.” The broadcaster specifically mentioned “but at present, Japan’s relatively loose regulatory environment has not only become a breeding ground for speculative behavior, but also objective. It also provides an opportunity for criminals to take advantage of it."

As is known to all, after the 1994 massacre, some digital currency exchanges that were originally active in the mainland of China moved to Japan. From the legal point of view, the domestic digital currency trading behavior is not affected by the relevant policy documents of the seven Chinese ministries. Now the central bank has specifically mentioned that the Japanese digital coin market is a “hotbed of speculative behavior”, and then contacted the former central bank governor Zhou Xiaochuan’s speech at the two sessions: “Some things like bitcoin and some other forked products Too fast, not prudent, if it expands or spreads rapidly, it may have a big negative impact on consumers. At the same time, it may also have some unpredictable effects on financial stability and monetary policy transmission." We can't help but wonder that this is a prelude to the government's upcoming tightening monitoring of digital currency transactions.

So the question is coming: Oh, so much, what do you want to say?

In fact, it is not complicated at all. It is estimated that you are smart. You have already guessed: A new round of regulatory storms against digital coins is already in the pipeline, and the date of the explosion is not far off.

The real key point is: This also means that another round of opportunities to open the digital currency market may come.

what should you do?

If you are waiting for someone to give you the right answer, you will always wait.

Judging depends on you.

Still speaking from the 1994 tragedy. I remember that when the seven ministries issued a ban on I*C*O, it took less than two weeks, Bitcoin fell more than 30%, Litecoin fell 57.3%, Bitcoin cash plunged 60.62%, and various other digital currencies fell. It is more than 60%. It can be said that the whole market is completely in a "crazy" situation, and the players who reluctantly cut the meat and coins are not aware of them.

However, only half a year later, the price of Bitcoin skyrocketed to 20,000 US dollars, driving the market value of the currency ring soaring. Even after the recent month's fall, the unit price of Bitcoin is still at a high level of around 8,000 US dollars.

Of course, the risks and opportunities are the same. Even if the bad news signal released by CCTV is true, it does not mean that you can win by the bottom of the trend. After all, there is still a news worthy of attention. That is, the G20 summit has decided to be 7 this year. In the month, we will discuss whether to supervise the multi-country cooperation of digital coins. If the G20 passes the multi-country supervision proposal in July, it will bring more variables to the future direction of the currency circle.

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