Bitcoin capture method! Get to know the price, market price, and timing rules!
The bitcoin market is entering a growing period. Comparing with other products will deepen understanding
- Price volatility: increased by 1.1% last week. The rate of increase is second only to the Mothers Index
- Correlation: Price movements have been relatively close to the dollar/yen for the past week
- Speculative color trend: Bitcoin futures market in the US, speculators have a slight sales advantage
- Technical Analysis: The prices of both the 5th and 20th moving averages have risen to the right. Is the rebound phase coming?
- Price movements in dollars and yen: If the specific price deviates from the dollar/yen by 5 yen, is it more expensive and cheap?
- What is the current topic “half-life”? What about the price?
Bitcoin market is entering a growing period. Compared with other products, it will deepen your understanding
This content compares what kind of investment/holding target bitcoin is based on data from various angles. We aim to give a certain answer while following the data to the question “What is Bitcoin in the first place?” “What should I use when buying Bitcoin?”
Compare Bitcoin (yen-denominated) in the following 5 points.
- Price volatility (size of price range of other major issues and Bitcoin)
- Correlation (Price transition of other major issues and Bitcoin over a certain period)
- 3. Trends in speculative colors (buying balance/purchasing ratio of speculative sources of other major issues and bitcoins)
- Technical analysis (past and present of Bitcoin price)
- Dollar-denominated and yen-denominated price movements (specification of bitcoins in different currencies)
- Price volatility, 2. Correlation, 3. The speculative trend of color trends is a comparison with multiple major stocks such as stock indexes, currencies, and commodities.
The technical analysis is the comparison of the past price transitions of Bitcoin itself and the latest price. Dollar-denominated and yen-denominated price movements are a comparison of price movements of bitcoins denominated in different currencies.
As a whole, 1.2.3 is a relative comparison between Bitcoin and other major stocks, and 4.5 is an absolute comparison focusing only on Bitcoin.
By combining this relative comparison and absolute comparison, you can deepen your understanding of Bitcoin. As a result, I think that it will be obvious whether Bitcoin is a useful asset for me, and what I should use when buying it.
Bitcoin prices plunged due to the “new corona shock” that occurred in the second half of February to the middle of March. Is repulsing. The details of Bitcoin price changes will be described later in “4. Technical analysis”.
Price volatility: up 1.1% last week. The rate of increase is second only to the Mothers Index
Although it has risen every few weeks, Bitcoin’s rate of increase was only 1.1% last week. Given that commodity prices such as crude oil, precious metals, and grains have fallen overall, it can be said that Bitcoin was relatively strong.
Bitcoin prices and mining costs
Bitcoin will generate blocks once every 10 minutes, and each time 12.5 BTC of new Bitcoin will be mined and paid to miners as a mining reward. Bitcoin of about 1800 BTC will be born in one day, but this produced Bitcoin will be sold in the market immediately. One of the reasons is that miners have to pay expenses such as electricity and computer costs for mining, so it is necessary to convert the reward to fiat currency. Therefore, when the mining cost is known, the support line for the Bitcoin market price can be seen.
The cost of mining is a very powerful indicator, Sasaki declares.
For speculative purposes, for example, the position of a trader who buys or sells is not a major influence in the medium to long term. Because the person who buys in cannot get out of the market without selling exactly the same amount. On the contrary, the person who sold the short-sale must buy it back somewhere. There is no one-way position in speculation. He pointed out that the positions traders made are always seeds for future counter-trading, which is why they have little influence.
But the transaction on anon system is one-way. Miners will buy Bitcoin again after profit is fixed after converting 1800 BTC of compensation to fiat currency to pay for mining expenses such as electricity bill, hardware bill, rent, labor cost etc. There is no such thing.