As new pneumonia began to erupt in Japan, South Korea, and Italy, panic in the global market spread further. On the evening of the 24th Beijing time, European stock markets generally fell sharply, with German stocks and French stocks falling more than 4%, and British stocks falling about 3%. US stocks also opened sharply lower. The S & P fell more than 3%. The Dow Jones index plummeted by nearly 1,000 points at the opening. The Nasdaq also fell more than 4%. At the same time, the spot gold price as a safe-haven asset hit a new high in recent years.
However, what is surprising is that Bitcoin, previously known as a "safe-haven asset", has fallen along with US stocks. In the next few days, the global stock market did not change from the downturn, and Bitcoin not only failed to perform any hedging functions, but started a "storm" plunge: on February 25, Bitcoin lost 3.1%; Bitcoin fell below $ 9,000, a drop of 4.28%; on February 27, Bitcoin fell to $ 8531, a drop of more than 4%.
In just 4 days, Bitcoin dropped from $ 10,000 to $ 8,500. From a price point of view, Bitcoin has not only failed to play any role in countering the risks of global stock market declines, its decline is even more terrible than the stock market.
Can we use Bitcoin as a safe-haven asset?
Although the digital currency circle has been shaping bitcoin as "digital gold" for a long time, judging from the price performance of bitcoin this week, "digital gold" is far less than real gold, which is disappointing.
In fact, if there is no stable digital currency, Bitcoin can truly become a safe haven for digital gold.If you want to hedge, you should choose gold or USDT.
It is worth noting that the charm of Bitcoin is also its sharp price fluctuations. As a result, Bitcoin investors have gained more benefits.If you want to invest, bitcoin is still the best choice, but now obviously not a good time to invest in bitcoin. We cannot predict the price trend of Bitcoin, and buying Bitcoin directly may be a loss.
The best option is to invest in Bitcoin mining. You can continue to get bitcoin when the price of bitcoin is low. When the price of Bitcoin rises, you can sell Bitcoin for a profit. As a recommendation, the Bitcoin mining investment provided by the DeBay platform is a very safe and secure investment.
Since the development of BTC mining, the investment threshold has become higher and higher. In order to meet the needs of customers for BTC mining investment, DeBay platform has launched the BTC mining investment service. After purchasing BTC mining investment services, users will obtain a certain period of computing power resources in the SG GROUP mining pool, and use this computing power to mine BTC. During this period, the daily income of the mining pool will be distributed to the user's DeBay account in proportion to the user's investment.
After the service expires, the platform will automatically redeem the service, and the redemption will be calculated based on the user's current purchase amount (fiat currency).
Don't worry about investment risks from now on.BTC income can be withdrawn at any time, and daily income can be viewed through the App Provide 30 days, 90 days, 180 days, 360 days to choose from.
