BitOffer: 36,000 people lost about 5 billion dollars, is that Bitcoin bubble?

[Cici Lee]

Recently, with the end of the previous halving, the price of bitcoin has been consolidating around $9,000. On June 2nd, the bitcoin price was quickly raised again, surpassing $10,000 in one fell swoop. The following day, the bitcoin price immediately plummeted, hitting a low of $9,350%. Why should bitcoin rise so sharply?



First of all, from the perspective of digital assets, bitcoin is an extremely unstable asset. Why is the price of bitcoin so unstable? This is because bitcoin and general commodities are essentially different, no matter what goods and services are in essence. All have their own economic intrinsic value. Because of economic value, they have prices. According to the basic logic of economics, prices fluctuate around the value of commodities. However, Bitcoin is an exception. It has neither the use-value of a piece of goods nor the specific service value. In this case, the price of Bitcoin has become purely determined by fluctuations in market supply and demand. Things, lack of value as a stability anchor, Bitcoin's volatility will inevitably be great.

Secondly, Bitcoin has a strong atmosphere. I believe anyone familiar with the Chinese capital market will know that Bitcoin is a highly concentrated investment product. TokenAnalyst research found that as of October 2019, the top 10 exchanges stored 6.7% of Bitcoin. This is just data based on known ownership of bitcoin addresses. Many other addresses are difficult to link back to the central owner (exchange), so the actual data may be higher. Even we have seen some media reports that 4% of the addresses hold 97% of Bitcoin, and 40% of the global Bitcoin will be concentrated in the hands of a thousand accounts, which is also the case. In fact, there are many in the Bitcoin market Dealers, these dealers have reached an unprecedented level of market manipulation. Especially after the recent halving of bitcoin, almost everyone expected the price of bitcoin to rise, and the dealer can rely on his own chips to perform high-level operations and perform a series of high-selling and low-sucking methods.

Third, as we have said for a long time, bitcoin is not a stable coin. It is a bubble that drums up and spreads flowers. Any retailer in this bubble who dreams of making money does not mean that it can’t make money, but bitcoin is more traditional The pattern of seven losses, two losses and one profit in the capital market is even more tragic. It is always a few people who make money and those who enter the market very early. Most of the subsequent retail investors can only be a leek.

Bitcoin's rapid rise and fall tell us that the risk of investment must be carefully considered. First, ask yourself, can you bear such a high risk, then consider the investment.



The biggest feature of BitOffer is that no matter whether it is a bull market or a bear market, it has the opportunity to obtain up to a thousand times of excess income without any margin or handling fee. Bitoffer options provide sections of 2 minutes, 5 minutes, 15 minutes, and 1 hour. Besides, it is worth mentioning that the bitcoin option spot index is composed of the equivalent weights of 7 exchanges.

In terms of operation, bullish is expected to buy, and bearish is expected to buy. The profit calculation is the same as the spot when buying up, how much will increase in the period to earn, when buying falls, how much will fall in the period to earn In short, it is to use a very small principal to bet on the ups and downs of the future range, to obtain high returns. Recently, Bitoffer launched the strongest Ethereum option, with 0 margins, 0 handling fee, and no need to exercise.

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[Hugo Barbosa]

I am 80% sure Bitcoin will back to $10000 this month.

[Leonardo]

It's a sad fact, I have to say. People are so hyped on bitcoin. They think buying bitcoin at this time and then it will bring them much profit in the future. But they don't even think of where will they get the profit from. Money is not naturally born. It just moves from this person's pocket to another. That saying is funny but it's right in this case.

[Cici Lee]

Sometimes we have to be patient and calm down waiting for the right moment. However, I still think the BitOffer Option is the better one to invest with the low risks.