Gold trend丨 Miners' income continues to reach new highs BTC may usher in a doubling market

Let's look at the relationship between the long-term trend of Bitcoin miners' income and the trend of Bitcoin spot prices. The research can find that although the current price has far exceeded the 20,000 US dollars at the peak of the bull market in 2017, the income of miners has only just exceeded 17 years Bitcoin's $20,000 level.

Analysis| Golden Disk: Changes in positions of BTC futures contracts: Comprehensive Analysis of Golden Disk: According to OKEX data, 58% of accounts are long, 40% are short, 25.52% are long, and 17.5% are short. Many major accounts show an upward trend, and short account accounts will reach 2%, indicating that the bulls are trying their best. As of press time, the quarterly BTC0928 contract price is $6,222, and the spot price is $6,273, with a discount of $51, which has dropped from earlier trading. Investors are bearish on the forward price. Investors are advised to pay attention to risk control. [2018/9/13]

If we look back at the ultimate peak of each round of bull market in history, only when the income of Bitcoin miners hit a record high and exceeded the previous peak by a certain distance, the highest bull market in 2011, 2013 and 2017 were all when the income of Bitcoin miners reached a new level. According to the current trend, the income of miners has just hit a new high, and there is not much room for it. The new room for income growth has just opened up. With a high probability, it can be judged that Bitcoin is still far from the top of this round of bull market , and once miners’ income hits a new high, Bitcoin will usher in a strong rise in the next period of time, as shown in the figure, the interval increases are 260%, 470% and 724%, so for the current trend of Bitcoin, It will be a high probability that there will be a sharp rise again later.

Jinse Finance Live Report EOS Alliance Wu Lang: Blockchain cannot have the advantages of high efficiency, security, and multi-centralization at the same time: Today, at the Huobi x 3 o’clock Supernode party held in Macau, EOS Alliance Wu Lang said: At present, we Positioning EOS as blockchain 3.0, the Ethereum network is very congested and has no scalability, and EOS is a more practical blockchain. The blockchain cannot have the advantages of high efficiency, security, and multi-centralization at the same time. If we blindly pursue high performance and security, it will affect the problem of multi-centralization. Through the DPOS mechanism, a balance point can be found among the three. EOS is a multi-centralized blockchain project. In order to realize real commercial applications based on the blockchain, it must meet the high-performance million-level computing requirements, otherwise It is impossible to generate a WeChat or Alipay on the blockchain, and the blockchain technology will always be a technology and cannot be derived. [2018/4/24]

Moreover, for the bottom area of each round of bear market in history, the income of Bitcoin miners has dropped to a relatively low level, and this low area is basically near the previous high point of the miner’s income curve. The position is more meaningful. From the current point of view, the bull market is not over yet, so hold it patiently in the medium and long term.

Golden Finance News: Bitcoin Cash’s client Bitcoin ABC has launched a new version 0.16.0, which includes an update to the algorithmic difficulty adjustment (DAA). [2017/11/13]

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