When can Bitcoin be shorted (When can Bitcoin be sold)?
When can Bitcoin be shorted? When can Bitcoin be sold?Bitcoin is one of the bes
When can Bitcoin be shorted? When can Bitcoin be sold?
Bitcoin is one of the best-performing assets in the global digital currency trading market. Since its establishment in 2013, Bitcoin has risen more than threefold. It reached a historical high of over $10,000 at the end of 2017, but the price quickly fell to around $20,000. In the first quarter of 2019, it reached a high consolidation period of nearly $20,000. With the sharp decline in the cryptocurrency market, severe panic among investors, and increased institutional participation, a lot of funds have started to sell Bitcoin in search of other investment targets, which is very unfavorable for the overall market sentiment. The most important thing for investment is risk control! We should rationally view the development trend of this industry and the various impacts it brings, and not be too optimistic. Bitcoin has now become a very hot market. The Bitcoin halving event, which has been highly anticipated since September last year, and according to data from CoinMarketCap, the average daily trading volume of Bitcoin has exceeded $500 million, reaching a new high.
However, at the same time, due to the lack of any fundamental support for Bitcoin, it cannot be guaranteed that the price of BTC will continue to rise in the next few days. If calculated according to the current price, Bitcoin may undergo a significant adjustment or rebound in the last two quarters of 2020, resulting in higher economic losses. Because of the high volatility of Bitcoin’s price and the difficulty of supporting its long-term upward trend, many people believe that once it enters the next bull market, Bitcoin will become a safe haven asset like gold, and it will usher in a wave after wave of “3.12”.
When can Bitcoin be sold
When can Bitcoin be sold?
On April 15, 2020, according to official information, the rate of return for the first quarter of 2019 was -0.037%, the highest since November last year. This means that in the first quarter of 2019, the rate of return had fallen to 0.06%. In the fourth quarter, the loss exceeded 0.002%, which means that the profitability has decreased by about half, but no losses have been seen yet, so market sentiment has improved. If the market continues to rise before the end of 2019, then this year’s profits should not decline any further, but continue to grow. So when can it be sold?
After the end of the Bitcoin halving at the end of December 2019, the price of Bitcoin began to rebound slowly and is currently in a phase of high-level oscillation. However, as the price of the coin continues to decrease and mining rewards decrease, it is expected that the price will rise. From this perspective, the price of Bitcoin may maintain a downward oscillation trend in the near future. However, in the short term, there may still be a decent increase, such as reaching $20,000 in early March this year, which has remained relatively stable until now. And in late May, the price of Bitcoin once again broke through the $4,000 mark and has now risen above $7,000 USDT.
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