Bitcoin is below the 3,800-dollar mark as December 6. It's been a series of declines.

in #bitcoin6 years ago

Fidelity & NASDAQ Ventures are investing "ErisX" of the cryptographic current exchange

It was reported that U.S. investment firm Fidelity and the world's second-largest stock exchange, Nasdaq, have invested in a deal called Eris X. Fidelity is a U.S. investment company, a huge investment group with approximately $7 trillion in investment.

Already, Fidelity is making a lot of interest about the encryption currency market, and NASDAQ also has a lot of articles about the introduction of Bitcoin futures.

Financial tycoons in the U.S. are also showing great interest in cryptography. That is seen as a positive effect on the market.

If a window of government-recognized funds and investment products like ETF is opened to governments and institutions, perhaps there will be a significant recovery in market capitalization.

But given the bias of the current U.S. investment groups and the impact of SEC, I'm concerned that the great influence of the U.S. might end up controlling the cryptographic currency ecosystem.

As the United States is now able to shake the world with its financial power, I think USA can preempt the next currency war. Decentralization, which is the purpose of cryptography, can only be overshadowed. To counter this, watching the Chinese government and the group's moves in the future will also be an important point.

There's another interesting story.

An account with the name Nakamoto satoshi of P2P foundation was registered similar to the time the Bitcoin White Paper was released in 2009. So we assume that the owner of the account is satoshi.

This account has not had any other activities since 2011. Then on November 29, a posting titled "Nour(Arabic, means light)" was posted. And on Craig Wright's Twitter page, which claims to be Nakamoto satoshi, the article 'The light of the world in trade' was posted in Arabic on the 30th.

At the same time, 100,000 Bitcoins, which had been inactive for some time, were divided into multiple accounts through large transactions on December 3, and were merged again.

We need to think about how these symptoms will affect the market.

Usually, when a tether (USDT) is issued or moved under market conditions, it is viewed from the perspective of a purchase and from the perspective of a sale when a large number of bitcoins move.

This move may not make any difference, but personal thinking is that it is bad for the market.

On September 17, a $100 million bitcoin was moving in bulk.These Bitcoins moved into the wallets of various exchanges and a massive decline began two months later.

But if you look at the current transaction, it's not moving into the wallet at the exchange, but into the wallet at an unknown address. Therefore, it is necessary to watch the market situation and the trend in the volume of goods driven by large transactions in the future.

Sort:  

Don't expect a miraculous reversal in the BTC price in 2018. The big whales will manipulate the price to a level that is enticeable for them to participate in the market. This is a cold hard fact and there is nothing that people can do to challenge it.

Yes. At this moment, market has lowest volume and so many people losing their money. This is the resaon why can't go up market capitalization.