BTC price dip down! A breakthrough of $6,500 would be a good opportunity to enter?

According to the Bibox platform data, the Ethereum (ETH) price is $278.68 in 24 hours and the lowest is $235.08. As of press time, the price of Ethereum is US$241.99 (approximately RMB 1,670). Some currency analysts said that the market is unpredictable and may have a higher callback some time ago.

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Bibin Vice President Christina said that this wave of rapid diving has the possibility of a callback, but not too panic. However, after the year's market gradually warmed up, more people paid attention to the blockchain and cryptocurrency fields. The industry boundary has been further expanded, and traditional financial admissions have already taken action. Therefore, users need to control the risk in the short term, and they are still optimistic for a long time. .

Some analysts said that bitcoin prices themselves have great volatility, and the recent continuous rise in the market, a large probability of shock adjustment, "after all, to the hearts of many people, this time selling is enough for them. But no one knows which point is the highest point."

In fact, the recent virtual currency market is not calm. In the past, New York State Attorney General's point-of-sale exchange Bitfinex was suspected of concealing huge losses. After the collapse of the hot money wallet of the Currency Exchange, there was a stock of God Buffett slamming bitcoin. However, these negative news did not adversely affect the virtual currency market, and prices did not fall.

On May 16, Bitcoin prices once reached a high of nearly $8,400, and then fell to a low of $6,500 in recent days in 24 hours, falling more than 20% in 24 hours. A few days ago, some analysts said, "(Bitcoin price) has doubled in the past five months, so I expect some corrections, there is a very interesting gap below, from $6,870 to $6,425."

In May, Bitcoin once again became the focus of the public. According to the Internet Financial News Center of Caijing, the Berkshire Hathaway General Meeting of Shareholders (Buffett Shareholders' Meeting) was held in Omaha on May 4. Buffett once again expressed his slamming of bitcoin – "Bitcoin is a gambling thing."

Buffett bluntly said that bitcoin is a gambling thing, and there are many frauds related to it. "Bitcoin doesn't produce any value. Bitcoin doesn't generate value by itself. It's like a shell. It's not an investment for me." It is understood that this is not the first time Buffett "fired" on bitcoin and virtual currency.

However, according to PANews news, some practitioners said that Buffett’s public opposition to Bitcoin as a well-known figure is not entirely a bad thing. In fact, it is disguised as an “advertising” for Bitcoin. On the evening of May 4, perhaps due to Buffett's comments, Bitcoin briefly fell and then rebounded.

On May 8, the virtual currency exchange currency announced that its hot wallet was stolen 7,000 bitcoins, accounting for about 2% of the total holdings of the currency. In response to the risks, Coin said that it is expected to conduct a thorough security review within a week, during which time the business will be suspended.

According to the previous announcement of the destruction issued by the currency security, the revenue of the currency in the first quarter of 2019 was $78 million. The stolen loss was 50% of the 2019Q1 profit, while the money in the fourth quarter of 2018 was about $47 million. On May 8, Zhao Changpeng issued a letter on Twitter saying that after discussion, it was decided not to use reorganization to recover the stolen amount.

At the end of April, New York State Attorney General Letitia James said in a statement that the company behind Tether, Bitfinex, one of the world's largest cryptocurrency exchanges, was suspected of concealing $8.5 billion in "constant losses" from mixed customers and corporate funds. ".

According to the daily economic news, according to the daily economic news, some industry experts believe that the increase in the value of bitcoin is due to the participation of institutional investors, but in general the total amount of investment is still far Less than the amount needed to sustain this rally, only the participation of the mainstream financial system is possible.

Some people in the currency circle told Caijing that Bitcoin should raise prices in the future, "traditional funds are gradually accepting and entering." Others believe that this wave of decline is the second best opportunity for entry in 2019, but there is still a downside risk. (Internet Finance News Center)

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