Oohira Special Feature Article (Culture Day) Cryptocurrency Analysis (3/16)
＊This article is an excerpt from a paid article.
This article is being introduced as an excerpt.
Bitcoin, continuing from last week's crash,
fell sharply from 850,000 yen to 530,000 yen.
.
The psychological milestone of 750,000 yen
was not a stopping point, and it plunged downward in one go.
and has broken below it.
Bitcoin chart
The price actually stopped at
the May last year high-low zone, and currently
it is oscillating up and down within a wide range.
Around 530,000 yen,
the next level where the price is expected to stop is
450,000 yen, and the 2019
low in the upper 300,000s
is where it stands.
Regarding Bitcoin,
it reached a high of 2,200,000 yen at the end of 2017,
and one year later, in early 2019, it recorded a low in the upper 300,000s.
It recorded.
The chart is here
And from April it began to rise
price recorded 1,500,000 yen
and currently is exactly
the Bitcoin low at the start of 2019, one year later.
Also, the price around
around 530,000 yen is exactly where a long-term
trend line (diagonal line)
intersects.
Technically, if it drops here,
there is a possibility that it will head toward a further downtrend.
.
However, considering the current situation,
toward a global financial crisis,
it is expected to break below the current price level
to happen.
Currently around the world, financial assets
are moving toward cash purchases.
As with stocks, safe assets like
gold are
have fallen sharply since last week
from 5,900 yen to 5,000 yen
they dropped rapidly.
From this drop, some people don’t touch it
and others are buying while prices fall
in various ways.
With this Bitcoin drop, there are voices saying,
“Bitcoin was not a safe asset, was it?”
and now even gold is
moving downward.
The Bank of Japan buys ETF,
there are concerns that future pensions may disappear,
but personally, through this crash
I will approach financial products by calmly
considering cheap prices and steadily
accumulating.
In this downturn, I am
purchasing Ethereum mainly
and gradually increasing it.
But keeping it at a non-stressful amount,
even if it falls, I can add funds again
and it remains a manageable purchase quantity.
Regarding Ethereum,
it is currently 12,000 yen
about 14,000 yen a year ago
a bit earlier, that is, in early 2019,
it fell to around 11,000 yen
and there I bought Ethereum
and I am purchasing.
Just last year I bought Ethereum
at the current price level,
and it feels somewhat futile for it to return to that level,
but given world affairs are
in this situation,
further declines must be anticipated.
【Snowden considers buying Bitcoin】
The former CIA
employee Edward Snowden has
stated that from Bitcoin’s decline
he wants to buy Bitcoin.
In other words, he thinks it is undervalued.
.
【Reasons to consider buying after the crash】
Cryptocurrency Practical Investment Newsletter March 16
Dear subscribers
＊If you have topics you’d like covered in the newsletter
or questions, please contact us.
We will introduce some in the newsletter’s Q&A corner.
【Cryptocurrency Market Analysis】
The price changes (weekly) of cryptocurrencies since last week
are summarized as follows
Display: current price (change from one week ago)
Bitcoin
530,000 yen（-35
Ethereum
12,000 yen(-41%
Ripple15 yen（-23％）
NEM4.5 yen（-12％）
Bitcoin Cash18,000 yen（-36％）
Cardano
2.5 yen（-42%）
Binance Coin1,000 yen（-41％）
【監視中の通貨】
Tron
Eternity
Beam（beam）
Grin（grin)
Algorand
Ontology
COSMOS
Polkadot
Chainlink
【2019 investment currencies】
February ... Ethereum（10,000 yen）、Decentraland
March ...WWB、Noah Coin、BAT、0x
April ... Ontology 、 Ripple、XP
May ...ATOM（COSMOS）、WWB、Noah Coin 、Ontology 、Comsa（11 yen）
June ... Endor, Skycoin, Algorand (3 dollars, 2 dollars on two occasions)
July ...BNX（114円）
August ... Noah Coin（0.0024） Algorand （0.8 dollars） Ethereum Cosplay Token realized profit (4 yen to 8 yen profit, acquired atICO price of 3 yen)
September ...ANX（1.1円）
October ... Bitcoin（84万円）
January ... Algorand（24円）
Continuing from last week's crash, Bitcoin
has fallen sharply from 850,000 yen to 530,000 yen.
It fell to 530,000 yen.
The psychological milestone of 750,000 yen
was not a stopping point, and it plunged downward in one go.
It has broken below it.
Bitcoin chart
The price actually stopped at
the May last year high-low zone, and currently
it is oscillating up and down within a wide range.
Around 530,000 yen
The next price level where the price is expected to stop is
450,000 yen, and the 2019
low in the upper 300,000s
is where it stands.
Regarding Bitcoin,
it reached a high of 2,200,000 yen at the end of 2017,
and one year later, in early 2019, it recorded a low in the upper 300,000s.
It recorded.
Here is the chart.
And from April it began to rise
price recorded 1,500,000 yen
and currently is exactly
the Bitcoin low at the start of 2019, one year later.
Also, the price around
around 530,000 yen is exactly where a long-term
trend line intersects.
Technically, if it drops here,
there is a possibility that it will head toward a further downtrend.
There is.
However, considering the current situation,
toward a global financial crisis,
it is expected to break below the current price level
to happen.
Currently globally, financial assets
are moving toward cash purchases.
As with stocks, safe assets and
gold
have fallen sharply since last week
from 5,900 yen to 5,000 yen
they dropped rapidly.
From this drop, some people don’t touch it
and others buy while prices fall
in various ways.
In this Bitcoin drop, some people are buying
saying, “Was Bitcoin not a safe asset?”
and now even gold is
moving downward.
The Bank of Japan purchases ETF,
there are voices that future pensions may disappear,
but personally, through this crash
I will approach financial products by calmly
considering cheap prices and steadily
accumulating.
In this downturn, I am
purchasing Ethereum mainly
and gradually increasing it.
But keeping it at a non-stressful amount,
even if it falls, I can add funds again
and it remains a manageable purchase quantity.
Regarding that Ethereum,
it is currently 12,000 yen
about 14,000 yen a year ago
a bit earlier, that is, in early 2019,
it fell to around 11,000 yen
and there I bought Ethereum
and I am purchasing.
Just last year I bought Ethereum
at the current price level,
and it feels somewhat futile for it to return to that level,
but given world affairs are
in this situation,
further declines must be anticipated.
【Snowden considers buying Bitcoin】
employee Edward Snowden has
stated that from Bitcoin’s decline
he wants to buy Bitcoin.
That is, he believes it is undervalued.
【Reasons to consider buying after the crash】
Cryptocurrency practical investment newsletter March 16
If you have topics you’d like covered in the newsletter or questions, please contact us.
【Cryptocurrency Market Analysis】
Since last week, cryptocurrency prices have fluctuated, and we summarize them as follows
We display: current price (change from one week ago)
Bitcoin
530
（
％）
Ethereum
12,000
(-41%
Ripple
Bitcoin Cash
2.5
-42%
％）
Eternity
）
grin)
Algorand
Polkadot
【Currencies invested in 2019】
February ... Ethereum（
yen）、Decentraland
BAT
0x
April ... Ontology
May ...
（
）、
、Noah Coin
、Comsa（11 yen）
June ... Endor, Skycoin, Algorand（$3、$2の2回）
July ...
（114円）
August ... Noah Coin（
September ...
