Bitcoin once again enters the high-breaking stage

Image for post
Image for post

Hello, everyone, I am a small coin miner. The nice pie is ashamed to speak out, and the vicious analysis comes at my fingertips. My temperament and talent have nothing to do with me, and my belly is black and connotation. It is my essence. There are thousands of leeks in the currency circle, and half of the soul chicken soup. Facing the cruel market, I want to let you understand the essence of the currency circle through my contemplation of the dog farm and the judgment of the market. I believe in strength, and end with character.

Bitcoin lived up to expectations on Friday, stubbornly regaining the decline since Monday’s needle insertion, and now it is once again in the preparation stage for breaking 12,000. Will history repeat itself this time? Will continue to hit the market at 12,000? The coin hunter believes that the position of 12000 has been tested twice in a row, and it is only a matter of time before it is completely stable. Once an effective breakthrough is formed, 12000 will become the starting point of the new bull market. Based on this judgment, the hunter suggests that it is unnecessary to entangle whether the long order is in place. 12000 to close the position, and you don’t have to chase more at the time of the breakthrough. Be patient. If this round of 12000 does not stand firmly, we avoid the risk. If the next day is still running above 12000, nothing said, the second wave of medium and long-term multi-single boldly starts.

The US public debt (excluding the $100 trillion off balance sheet debt) has seen a record surge, increasing by $3 trillion in just three months. Recently, the total debt of the United States has reached a new high of $26.547 trillion. Those investors who have been paying attention to this data will be fully aware that the US budget deficit this year (and every year in the future) will be staggering. So far, in the first 10 months of fiscal year 2020, the US government has spent a total of $5.631 trillion. But in terms of income, even if it takes into account the 8.3 billion U.S. dollars it received last month and the Fed’s 63.4 billion U.S. dollars in deposit gains this year, it has only received a total of 2.824 trillion U.S. dollars, which means that its expenditure so far is income. Twice, setting a new record in history.

The US budget deficit has reached a record high of 2.807 trillion US dollars, higher than any period in US history. Due to the Fed’s “helicopter money”, the explosive growth of the deficit is unlikely to shrink again. Unless the monetary system is completely reformed, it can be said that the value of the U.S. dollar will only be dragged down by debt in the future. When mainstream currencies encounter a crisis, Bitcoin is used as a digital currency. Will the currency spring be far behind?Be wary of Ethereum, there must be a waterfall waiting for a violent pull up

Bitcoin is the king of block chain. I believe that this term is not unfamiliar to everyone. It is also a digital gold coin. It has been more than ten years since its birth. No one cares about its popularity at the time. Why do many investors now know What about this Bitcoin.

At that time, the value of a bitcoin was only a few cents. It was something that was inconspicuous at the time. It affected the entire block chain process. In just a few years, the value of bitcoin soared, jumping to tens of thousands. Pieces, up to 20,000 US dollars.

The market price of a bitcoin is now hovering around 11,000. There are currently more than 3 million bitcoins to be fully mined by 2140. The circulation of bitcoin is limited to 21 million. Bitcoin circulation has no borders. Where there is a network, Bitcoin will appear. Bitcoin is a great product of the 21st century. The global consensus is as high as 50 million people, and its value will become higher and higher.

Written by

Digital Nomad

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store