Bticoin has plunged after a new high.
According to Coindesk's data, the price of the virtual currency bitcoin rose for the first time on Sunday to raise the $ 3,000 mark, see $ 3041, after the price fluctuated. At about 6 pm last night in Hong Kong, Bitcoel prices suddenly fell more than $ 300, fell to $ 2650 low, and then hovering at $ 2,800 level.
Analysis: price or deviation from fundamentals
Coindesk's bitter currency prices plummeted, another coin trading platform, OKCoin, also worth millions of dollars in long positions contract closed, may make the bit currency decline. Analysts believe that the initial signs that the price plunge may indicate that bitcoin prices have been seriously deviated from the fundamentals. Bit currency trading platform Whale Club said that the rise in the price of the transaction to reduce, may mean that the situation has weakened bitter currency.
Coindesk pointed out that this price surge may bring vigilance for investors. Bitcoal has appreciated more than $ 1,000 in the last 30 days. The Japanese government approved in April as a legitimate way to pay special currency, China agreed earlier this month, a number of major special currency exchange to resume business, stimulated the speculation of Bitcoin.
Hi Kai Ching
But I was not so optimistic, as if last night, the price panic selling pressure, so I thought to sell quickly, but in the end I did not sell, virtual currency things I do not think too much investment, I know Someone used millions to invest. I think that the first thing to have a lost plan, can not start to want to make money, but did not consider what will be a loss.
This my think,if wrong pls tell me why。