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Analyzing ups and downs in digital currencies

شناسه : 34900 ۰۳ آذر ۱۳۹۹ - ۱۰:۲۹

Digital currencies have been occupying economic markets for some time, and we are actually witnessing sharp ups and downs in this mysterious market. In this note, we will review the recent fluctuations of digital currencies and provide information on the overview of digital currency markets. Please be with Artan Press. Nearly two decades have passed […]

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Digital currencies have been occupying economic markets for some time, and we are actually witnessing sharp ups and downs in this mysterious market. In this note, we will review the recent fluctuations of digital currencies and provide information on the overview of digital currency markets. Please be with Artan Press.

Nearly two decades have passed since the introduction of digital currency models in the world financial industry, and these cryptocurrencies are pushing the international business environment and current economic equations to a deep margin. With the arrival of Bitcoin in 2008 and the presence of Its strength in various areas of international supply and demand has witnessed strong growth in this area of ​​the financial market, which in itself promises a new technological and social phenomenon.

Although the presence of cryptocurrencies in the world of economics provides a very simple way for large-scale international money laundering, it is an undeniable and fast solution for free and unrestricted trade with all parts of the world.

While the purpose of cryptocurrencies is to provide an intermediary for the settlement of global and stable transactions that preserves privacy and financial security, digital currencies more broadly encompass any digital form of money, including new trends in currencies. The US Federal Reserve, which is somehow backed by the dollar and gold, is slightly different from other cryptocurrencies around the world. But it is likely to achieve a bitcoin-like growth trend.

 

*** Development of digital currencies in China and other countries

Currently in development in China and other countries, these digital currencies may use blockchain technology for secure payments, but with added capital controls and regulatory measures, it is completely contrary to the ethics and code of cryptocurrencies. This could be a fatal blow to digital currency markets in the long run.

According to the explanations provided, ie the study of China-US behavior in digital currency policy, the future of digital currencies is uncertain. On the one hand, the backing of dollars and gold for digital currencies is not at all attractive to investors, and on the other hand, the grammatical behavior of Chinese currencies can lead to many risks for the future of these currencies.

What is clear is that people are no longer looking for technical analysis in the digital currency market, and the masses are looking for a more open, secure financial system with no cumbersome security restrictions in the form of bitcoin and cryptocurrencies. Hence, any policy of restricting the global trading environment will be rejected by the cryptocurrencies.

The world banks and the classical financial system of the world deal with digital currencies in a completely natural way, because the philosophy of the existence of this currency code is not in any way consistent with the macroeconomic calculations of banks and governments. That is why gold is getting cheaper every time in the world or the currencies of developed countries such as the dollar and the euro lose their intrinsic value. We are witnessing the growth of cryptocurrencies in the world.

 

*** Investigate Bitcoin Behavior

An examination of the behavior of Bitcoin shows that this currency has had a discontinuous but gradual upward trend in the past. By examining the price charts of Bitcoin in the past decade, we see three main growths of this currency code. BTC’s three major uptrends have always been upward over time, and each jump has been accompanied by a stronger jump after a slight correction. Initially, a 10-month period from 2010–۲۰۱۱ of this growth took place, followed by a two-year period from 2011–۲۰۱۳, and finally a three-year period covered by 2015-2017.

These gradual and continuous growths show the strong interest of capitalists in this currency code and are a proof of the efficiency of this digital currency in the face of real scenarios of the international economy and maintaining its confidentiality. This is why bitcoin is sometimes referred to in some markets as “digital gold”, and in fact bitcoin fluctuations are the main cause of the rise and fall of other cryptocurrencies.

Proponents of investing in cryptocurrencies, especially bitcoin, believe that investing in this market is relatively pristine and a highly secure investment. Because global tensions never end, and as tensions grow, there is usually more investment in intangible and unconventional paths that have not been tested before.

 

*** Close relationship between digital currencies and global stock exchanges

However, the behavior of cryptocurrencies has recently become much closer to the global stock markets, especially the Chinese and American stock exchanges, and they are trading in a similar trend. The recent dependence of the stock market and the price of Bitcoin has led to There have been widespread fluctuations, which have made some investors rich and destroyed others. This is by no means good news for the future of digital currencies.

Trust is the most important factor in the inflow of money in the whole world, and investors, despite many uncertainties, sometimes give the gift of a market to meet it and take their capital out of that market forever. Similar to what happened recently in the Iranian stock market and we saw a lot of money coming out of this market.

The issue of logical behavior is an issue that is rarely seen in the behavior of all cryptocurrencies, the reasons for which are beyond the scope of this discussion. But in a nutshell, the economies of the world’s great powers, including China, the United States, and Russia, are strongly opposed to strengthening the currency code. For example, the existence of the Bitcoin financial mechanism is a very simple way to sell Iranian oil. This is a big issue for the US government and especially the Trump administration.

All of them should limit these contexts in order to achieve their goals. We have no shortage of these scenarios in the economic and political equations of the world.

 

*** Changing the global economic paradigm

The recent issue of the paradigm in the global currency and gold markets has long been an issue that analysts have been addressing. Therefore, investing in cryptocurrencies can trigger the start of pulses of change in world fiscal policies. It may seem a bit impossible. But if bitcoin value flooring happens well, we will see the strengthening of this currency and consequently the strengthening of other cryptocurrencies that strive to maintain the confidentiality of transaction information.

The growth of bitcoin and other digital currencies could severely hurt the intrinsic currency of current currencies such as the dollar, the euro and the Japanese yen. Just last week, Japanese analysts expressed concern about the lack of a strong entry into digital currencies. They said that Japan’s strong presence in this field would take at least three years.

 

*** Strengthen digital currencies

The global market in the current situation has been welcomed by capitalists with a different arrangement than ever before, and we are witnessing practically unexpected behaviors in the global equations. For example, by looking at bitcoin trading prices, we find that the price of bitcoin continues to rise and will be a sign of a decline in the attractiveness of gold in the long run. On the other hand, with the increase in the number of institutions that recognize digital currency, the value of bitcoin in the latest survey of the Artan Press team reached the highest level of the last 3 years, crossing the $ 17,000 mark, bringing 248% profit for holders of this currency code.

With the unbridled growth of the currency cryptocurrency market, it remains to be seen how the new US administration, led by Biden, will react to cryptocurrencies. So far, we do not have accurate information about the new US administration’s behavior regarding digital currencies, because nowhere in Mr. Biden’s record can we assess his approach to the phenomenon of digital currencies. The environment and the tightening of mining operations in the United States are likely to see many analysts migrate to the digital currency market and strengthen them over the next four years of the Biden administration as the dollar weakens.

 

artanpress

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