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๊ณตํฌ ์ง€์ˆ˜์˜ ์ดํ•ด์™€ ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์˜ ๊ด€๊ณ„

์ž‘์„ฑ์ž์ •์šฐ์„ฑ
Visual representation of the fear index in cryptocurrency markets
Visual representation of the fear index in cryptocurrency markets

์„œ๋ก 

์•”ํ˜ธํ™”ํ ์‹œ์žฅ์€ ๊ทธ ํŠน์œ ์˜ ๋ณ€๋™์„ฑ๊ณผ ๋ถˆํ™•์‹ค์„ฑ์œผ๋กœ ์ธํ•ด ํˆฌ์ž์ž๋“ค ์‚ฌ์ด์—์„œ ํฐ ๊ด€์‹ฌ์„ ๋ฐ›์Šต๋‹ˆ๋‹ค. ํŠนํžˆ, ๊ณตํฌ ์ง€์ˆ˜๋Š” ์ด๋Ÿฌํ•œ ์‹œ์žฅ ์—ฌ๊ฑด์„ ์ดํ•ดํ•˜๋Š” ์ค‘์š”ํ•œ ๋„๊ตฌ ์ค‘ ํ•˜๋‚˜์ž…๋‹ˆ๋‹ค. ๊ณตํฌ ์ง€์ˆ˜๋Š” ํˆฌ์ž์ž์˜ ์‹ฌ๋ฆฌ๋ฅผ ๋ฐ˜์˜ํ•˜์—ฌ ์‹œ์žฅ์˜ ํˆฌ์ž ํ™˜๊ฒฝ์„ ๊ฐ€๋Š ํ•˜๋Š” ์ง€ํ‘œ๋กœ ํ™œ์šฉ๋ฉ๋‹ˆ๋‹ค. ์ด๋ฅผ ํ†ตํ•ด ํˆฌ์ž์ž๋“ค์€ ์ ์ ˆํ•œ ํˆฌ์ž๋ฅผ ๊ณ ๋ คํ•  ๋•Œ ์ค‘์š”ํ•œ ์‹œ์‚ฌ์ ์„ ์–ป์„ ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ์ด ๊ธ€์—์„œ๋Š” ๊ณตํฌ ์ง€์ˆ˜๊ฐ€ ๋ฌด์—‡์ธ์ง€, ์–ด๋–ป๊ฒŒ ๊ณ„์‚ฐ๋˜๋Š”์ง€, ๊ทธ๋ฆฌ๊ณ  ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์—์„œ ์–ด๋–ค ์‹์œผ๋กœ ์˜ํ–ฅ์„ ๋ฏธ์น˜๋Š”์ง€๋ฅผ ์‚ดํŽด๋ณด๋„๋ก ํ•˜๊ฒ ์Šต๋‹ˆ๋‹ค.

์•”ํ˜ธํ™”ํ ๊ธฐ์ดˆ ์ดํ•ด

์•”ํ˜ธํ™”ํ์˜ ์ •์˜ ๋ฐ ์—ญ์‚ฌ

์•”ํ˜ธํ™”ํ๋Š” ๋””์ง€ํ„ธ ํ˜•ํƒœ์˜ ์ž์‚ฐ์œผ๋กœ, ๋ธ”๋ก์ฒด์ธ ๊ธฐ์ˆ ์„ ๊ธฐ๋ฐ˜์œผ๋กœ ํ•˜์—ฌ ์ค‘์•™์˜ ๊ถŒํ•œ ์—†์ด ์ž์‚ฐ์˜ ์†Œ์œ ์™€ ๊ฑฐ๋ž˜๋ฅผ ๊ธฐ๋กํ•˜๋Š” ์‹œ์Šคํ…œ์„ ์‚ฌ์šฉํ•ฉ๋‹ˆ๋‹ค. ๋น„ํŠธ์ฝ”์ธ์ด 2009๋…„ ์ฒ˜์Œ ๋“ฑ์žฅํ•œ ์ดํ›„, ์ˆ˜๋งŽ์€ ์•”ํ˜ธํ™”ํ๊ฐ€ ๊ฐœ๋ฐœ๋˜์—ˆ์œผ๋ฉฐ, ๊ฐ๊ธฐ ๋‹ค๋ฅธ ๋ชฉ์ ๊ณผ ํŠน์„ฑ์„ ๊ฐ€์ง€๊ณ  ์žˆ์Šต๋‹ˆ๋‹ค. ์•”ํ˜ธํ™”ํ๋Š” ๊ธฐ์กด์˜ ํ™”ํ ์‹œ์Šคํ…œ์— ๋Œ€ํ•œ ๋Œ€์•ˆ์œผ๋กœ ์ž๋ฆฌ ์žก์•„๊ฐ€๋ฉฐ, ์ „ ์„ธ๊ณ„์ ์œผ๋กœ ๋‹ค์–‘ํ•œ ๋ถ„์•ผ์—์„œ ํ™œ์šฉ๋˜๊ณ  ์žˆ์Šต๋‹ˆ๋‹ค.

๋ธ”๋ก์ฒด์ธ ๊ธฐ์ˆ ์˜ ์›๋ฆฌ

๋ธ”๋ก์ฒด์ธ์€ ๋ถ„์‚ฐ ์›์žฅ ๊ธฐ์ˆ ๋กœ, ์ •๋ณด๋ฅผ ๋ธ”๋ก์ด๋ผ๋Š” ๋‹จ์œ„๋กœ ์ €์žฅํ•˜๊ณ , ์ด๋Ÿฌํ•œ ๋ธ”๋ก๋“ค์ด ์ฒด์ธ ํ˜•ํƒœ๋กœ ์—ฐ๊ฒฐ๋˜์–ด ์žˆ์Šต๋‹ˆ๋‹ค. ์ด ์‹œ์Šคํ…œ์€ ๋ณด์•ˆ์„ฑ๊ณผ ํˆฌ๋ช…์„ฑ์„ ์ œ๊ณตํ•˜๋ฉฐ, ๊ฑฐ๋ž˜๊ฐ€ ๋ฐœ์ƒํ•  ๋•Œ๋งˆ๋‹ค ๋ชจ๋“  ์ฐธ์—ฌ์ž๊ฐ€ ํ•ด๋‹น ๊ฑฐ๋ž˜ ๊ธฐ๋ก์„ ๊ณต์œ ํ•จ์œผ๋กœ์จ ์‹ ๋ขฐ๋ฅผ ๊ตฌ์ถ•ํ•ฉ๋‹ˆ๋‹ค. ์ด๋Š” ๊ณตํฌ ์ง€์ˆ˜๊ฐ€ ๋ฐœ์ƒํ•˜๋Š” ์—ฌ๋Ÿฌ ์ด์œ  ์ค‘ ์ผ๋ถ€์™€ ์—ฐ๊ด€์ด ์žˆ์Šต๋‹ˆ๋‹ค. ๊ณตํฌ ์ง€์ˆ˜๊ฐ€ ๋†’์•„์งˆ ๋•Œ, ํˆฌ์ž์ž๋“ค์€ ์‹œ์žฅ์˜ ๋ถˆํ™•์‹ค์„ฑ์„ ๋А๋ผ๊ณ , ์ด๋Š” ๊ฒฐ๊ตญ ๊ฑฐ๋ž˜๋Ÿ‰์— ์˜ํ–ฅ์„ ๋ฏธ์น  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

ํˆฌ์ž ์ „๋žต ๋ฐ ์‹œ์žฅ ๋ถ„์„

Graph illustrating the calculation method of the fear index
Graph illustrating the calculation method of the fear index

์•”ํ˜ธํ™”ํ ํˆฌ์ž ๊ธฐ๋ณธ ์ „๋žต

์•”ํ˜ธํ™”ํ์— ํˆฌ์ž๋ฅผ ๊ณ ๋ คํ•  ๋•Œ, ๋ช‡ ๊ฐ€์ง€ ๊ธฐ๋ณธ ์ „๋žต์ด ํ•„์š”ํ•ฉ๋‹ˆ๋‹ค.

  • ๋ถ„์‚ฐ ํˆฌ์ž: ํŠน์ • ์•”ํ˜ธํ™”ํ์—๋งŒ ํˆฌ์žํ•˜๊ธฐ๋ณด๋‹ค๋Š” ์—ฌ๋Ÿฌ ์ž์‚ฐ์— ์ž๊ธˆ์„ ๋ฐฐ๋ถ„ํ•˜์—ฌ ์œ„ํ—˜์„ ์ค„์ด๋Š” ๊ฒƒ์ด ๋ฐ”๋žŒ์งํ•ฉ๋‹ˆ๋‹ค.
  • ์žฅ๊ธฐ์ ์ธ ์‹œ๊ฐ: ์‹œ์žฅ์˜ ๋‹จ๊ธฐ ๋ณ€๋™์„ฑ์„ ์ง€๋‚˜์น˜๊ฒŒ ์‹ ๊ฒฝ ์“ฐ๊ธฐ๋ณด๋‹ค๋Š” ์žฅ๊ธฐ์ ์ธ ์„ฑ์žฅ ๊ฐ€๋Šฅ์„ฑ์„ ๊ณ ๋ คํ•ด์•ผ ํ•ฉ๋‹ˆ๋‹ค.
  • ์ œ๋•Œ์˜ ์‹œ์žฅ ์ƒํ™ฉ ํŒŒ์•…: ๊ณตํฌ ์ง€์ˆ˜์™€ ๊ฐ™์€ ์ง€ํ‘œ๋ฅผ ์ฐธ๊ณ ํ•˜์—ฌ ํ˜„์žฌ ์‹œ์žฅ์˜ ๊ฐ์ •๊ณผ ํ๋ฆ„์„ ์ดํ•ดํ•˜๋Š” ๊ฒƒ์ด ์ค‘์š”ํ•ฉ๋‹ˆ๋‹ค.

์ตœ์‹  ์‹œ์žฅ ๋™ํ–ฅ ๋ฐ ์˜ˆ์ธก

์•”ํ˜ธํ™”ํ ์‹œ์žฅ์€ ์ง€์†์ ์œผ๋กœ ๋ณ€ํ™”ํ•˜๊ณ  ์žˆ์œผ๋ฉฐ, ๊ทธ์— ๋”ฐ๋ฅธ ์ตœ์‹  ๋™ํ–ฅ์„ ํŒŒ์•…ํ•˜๋Š” ๊ฒƒ์ด ํ•„์š”ํ•ฉ๋‹ˆ๋‹ค. ์ตœ๊ทผ ๋ช‡ ๋…„๊ฐ„ ๋น„ํŠธ์ฝ”์ธ๊ณผ ์ด๋”๋ฆฌ์›€๊ณผ ๊ฐ™์€ ์ฃผ์š” ์•”ํ˜ธํ™”ํ์˜ ๊ฐ€์น˜๊ฐ€ ํฐ ๋ณ€๋™์„ฑ์„ ๋ณด์—ฌ์ฃผ์—ˆ์Šต๋‹ˆ๋‹ค. ์ด๋Ÿฌํ•œ ํ๋ฆ„์„ ์ž˜ ๋ถ„์„ํ•˜๋ฉด, ๊ณตํฌ ์ง€์ˆ˜๋ฅผ ํ™œ์šฉํ•˜์—ฌ ๋”์šฑ ํšจ๊ณผ์ ์ธ ํˆฌ์ž ๊ฒฐ์ •์„ ๋‚ด๋ฆด ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

"๊ณตํฌ ์ง€์ˆ˜๋Š” ํˆฌ์ž์ž์˜ ์‹ฌ๋ฆฌ๋ฅผ ์ˆซ์ž๋กœ ๋‚˜ํƒ€๋‚ด๋Š” ์ฒ™๋„์ž…๋‹ˆ๋‹ค. ์ด๋ฅผ ํ™œ์šฉํ•˜๋ฉด ๋”์šฑ ์ •๊ตํ•œ ํˆฌ์ž ์ „๋žต์„ ์„ธ์šธ ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค."

๊ฒฐ๋ก 

๊ฒฐ๊ตญ, ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์—์„œ ๊ณตํฌ ์ง€์ˆ˜๋Š” ๋‹จ์ˆœํ•œ ์ˆซ์ž๊ฐ€ ์•„๋‹ˆ๋ผ, ํˆฌ์ž์ž์˜ ๊ฐ์ •๊ณผ ๋™ํ–ฅ์„ ์ฝ์„ ์ˆ˜ ์žˆ๋Š” ์ค‘์š”ํ•œ ๋„๊ตฌ์ž…๋‹ˆ๋‹ค. ์ด ์ง€์ˆ˜๋ฅผ ํ†ตํ•ด ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์˜ ๋ณ€ํ™”๋ฅผ ์ดํ•ดํ•˜๊ณ , ๋ณด๋‹ค ํšจ๊ณผ์ ์œผ๋กœ ํˆฌ์ž ๊ฒฐ์ •์„ ๋‚ด๋ฆฌ๋Š” ๋ฐ ๊ธฐ์—ฌํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค. ์•ž์œผ๋กœ๋„ ์ด์™€ ๊ฐ™์€ ๋ถ„์„์„ ํ†ตํ•ด ๊ณตํฌ ์ง€์ˆ˜๊ฐ€ ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์—์„œ ์–ด๋–ป๊ฒŒ ์ž‘์šฉํ•˜๋Š”์ง€๋ฅผ ์ง€์†์ ์œผ๋กœ ์‚ดํŽด๋ณด์•„์•ผ๊ฒ ์Šต๋‹ˆ๋‹ค.

๊ณตํฌ ์ง€์ˆ˜์˜ ์ •์˜

Chart showing fluctuations of the fear index over time
Chart showing fluctuations of the fear index over time

๊ณตํฌ ์ง€์ˆ˜๋Š” ํˆฌ์ž์ž์™€ ์‹œ์žฅ ์ฐธ์—ฌ์ž๋“ค ์‚ฌ์ด์—์„œ ๋ถˆ์•ˆ์ด๋‚˜ ๊ณตํฌ๋ฅผ ์ธก์ •ํ•˜๋Š” ์ง€ํ‘œ๋กœ, ํŠนํžˆ ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์— ์žˆ์–ด ์ค‘์š”ํ•œ ์—ญํ• ์„ ํ•œ๋‹ค. ์ด ์ง€์ˆ˜๋Š” ํˆฌ์ž์ž๋“ค์ด ์‹œ์žฅ์˜ ๋ณ€๋™์„ฑ์— ์–ผ๋งˆ๋‚˜ ๋ฏผ๊ฐํ•˜๊ฒŒ ๋ฐ˜์‘ํ•˜๋Š”์ง€๋ฅผ ๋‚˜ํƒ€๋‚ด๋ฉฐ, ๊ทธ๋กœ ์ธํ•ด ์‹œ์žฅ์˜ ํ๋ฆ„๊ณผ ๋ฐฉํ–ฅ์„ฑ์„ ํŒŒ์•…ํ•˜๋Š” ๋ฐ ์œ ์šฉํ•œ ๋„๊ตฌ๋กœ ์ž‘์šฉํ•œ๋‹ค.

๊ณตํฌ ์ง€์ˆ˜๋ฅผ ์ดํ•ดํ•˜๋Š” ๊ฒƒ์€ ํˆฌ์ž ๊ฒฐ์ •์—์„œ ํŠนํžˆ ์ค‘์š”ํ•˜๋‹ค. ์ด๋Š” ๋‹จ์ˆœํžˆ ํ˜„์žฌ ์‹œ์žฅ ์ƒํ™ฉ์„ ๋ณด์—ฌ์ฃผ๋Š” ๊ฒƒ์ด ์•„๋‹ˆ๋ผ, ๋ฏธ๋ž˜์˜ ํˆฌ์ž ์ „๋žต๊ณผ ํ–‰๋™์—๋„ ์ง€๋Œ€ํ•œ ์˜ํ–ฅ์„ ๋ฏธ์นœ๋‹ค. ๋‹ค๋ฅด๊ฒŒ ๋งํ•˜์ž๋ฉด, ๊ณตํฌ ์ง€์ˆ˜๋Š” ์‹œ์žฅ ์‹ฌ๋ฆฌ๋ฅผ ๋ฐ˜์˜ํ•˜๋ฉฐ, ์ด๋Š” ๊ณง ๋งค์ˆ˜ ๋ฐ ๋งค๋„ ์„ธ๋ ฅ์˜ ๋ณ€ํ™”๋ฅผ ์ดํ•ดํ•˜๋Š” ์ค‘์š”ํ•œ ์š”์†Œ๊ฐ€ ๋œ๋‹ค.

"๊ณตํฌ ์ง€์ˆ˜๋Š” ๋‹จ์ˆœํ•œ ์ˆซ์ž๊ฐ€ ์•„๋‹ˆ๋‹ค. ๊ทธ๊ฒƒ์€ ์‹œ์žฅ์˜ ์ˆจ๊ฒฐ, ์ฆ‰ ํˆฌ์ž์ž๋“ค์˜ ๊ฐ์ •์„ ๋Œ€๋ณ€ํ•˜๋Š” ๋ณต์žกํ•œ ์‹ฌ๋ฆฌ์  ๊ตฌ์กฐ์ด๋‹ค."

๊ณตํฌ ์ง€์ˆ˜์˜ ๊ธฐ์ดˆ ๊ฐœ๋…

๊ณตํฌ ์ง€์ˆ˜๋Š” ์ผ๋ฐ˜์ ์œผ๋กœ โ€˜์‹œ์žฅ ๊ณตํฌ๋„โ€™๋ผ๋Š” ๊ฐœ๋…์œผ๋กœ๋„ ํ†ต์šฉ๋œ๋‹ค. ์ด๋Š” ํˆฌ์ž์ž๋“ค์ด ๋А๋ผ๊ณ  ์žˆ๋Š” ๋ถˆ์•ˆ๊ฐ์„ ์ˆ˜์น˜๋กœ ํ‘œํ˜„ํ•œ ๊ฒƒ์œผ๋กœ, 0~100์˜ ๋ฒ”์œ„ ๋‚ด์—์„œ ํ˜•์„ฑ๋œ๋‹ค. ์ผ๋ฐ˜์ ์œผ๋กœ 0์— ๊ฐ€๊นŒ์šด ๊ฐ’์€ ์‹œ์žฅ์˜ ์•ˆ์ •์„ฑ์„ ๋‚˜ํƒ€๋‚ด๊ณ , 100์— ๊ฐ€๊นŒ์šด ๊ฒฝ์šฐ๋Š” ๊ทน๋„์˜ ๊ณตํฌ๋‚˜ ๋ถˆ์•ˆํ•จ์„ ๋ฐ˜์˜ํ•œ๋‹ค. 60 ์ด์ƒ์€ ํˆฌ์ž์ž๋“ค์ด ๋‘๋ ค์›€์„ ๋А๋ผ๊ณ  ์žˆ์Œ์„ ๋‚˜ํƒ€๋‚ด๋ฉฐ, ์ด๋Š” ๋ณดํ†ต ์‹œ์žฅ ํ•˜๋ฝ์˜ ๋ณ€์ˆ˜๊ฐ€ ๋œ๋‹ค.

๊ณตํฌ ์ง€์ˆ˜๋Š” ๋‹ค์–‘ํ•œ ๋ฐ์ดํ„ฐ์— ๊ธฐ๋ฐ˜ํ•˜์—ฌ ๊ณ„์‚ฐ๋˜๋ฉฐ, ์ฃผ์š” ์š”์†Œ๋กœ๋Š” ์‹œ์žฅ ๋ณ€๋™์„ฑ, ๊ฑฐ๋ž˜๋Ÿ‰, ์˜ต์…˜ ์‹œ์žฅ์˜ ๋ฐ์ดํ„ฐ ๋“ฑ์ด ํฌํ•จ๋œ๋‹ค. ์ด๋Ÿฌํ•œ ์š”์†Œ๋Š” ์ƒํ˜ธ์ž‘์šฉํ•˜๋ฉฐ, ํˆฌ์ž์ž๋“ค์ด ์–ด๋–ป๊ฒŒ ์‹œ์žฅ์— ๋ฐ˜์‘ํ•˜๋Š”์ง€๋ฅผ ๋ถ„์„ํ•  ์ˆ˜ ์žˆ๊ฒŒ ํ•ด์ค€๋‹ค.

๊ณตํฌ ์ง€์ˆ˜์˜ ์—ญ์‚ฌ์  ๋ฐฐ๊ฒฝ

๊ณตํฌ ์ง€์ˆ˜์˜ ๊ฐœ๋…์€ ์ „ํ†ต์ ์ธ ์ฃผ์‹ ์‹œ์žฅ์—์„œ ์‹œ์ž‘๋˜์—ˆ์œผ๋ฉฐ, ์ดํ›„ ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์—์„œ๋„ ๊ทธ ์ค‘์š”์„ฑ์ด ๋ถ€๊ฐ๋˜์—ˆ๋‹ค. ์ดˆ๊ธฐ์—๋Š” S&P 500 ์ง€์ˆ˜๋ฅผ ๊ธฐ์ค€์œผ๋กœ ํ•œ VIX(Volatility Index)์—์„œ ์œ ๋ž˜๋˜์—ˆ๋Š”๋ฐ, ์ด๋Š” ์‹œ์นด๊ณ  ์˜ต์…˜ ๊ฑฐ๋ž˜์†Œ์—์„œ ์‚ฌ์šฉ๋˜๋˜ ์ง€ํ‘œ๋กœ, ์‹œ์žฅ์˜ ๋ณ€๋™์„ฑ์„ ์ธก์ •ํ•˜๊ธฐ ์œ„ํ•œ ๋ฐฉ๋ฒ•์œผ๋กœ ๋ฐœ์ „ํ–ˆ๋‹ค.

์•”ํ˜ธํ™”ํ ์‹œ์žฅ์—์„œ๋Š” ๋น„ํŠธ์ฝ”์ธ์ด 2010๋…„๋Œ€ ์ดˆ๋ฐ˜๋ถ€ํ„ฐ ์ธ๊ธฐ๋ฅผ ๋Œ๊ธฐ ์‹œ์ž‘ํ•˜๋ฉด์„œ ๊ณตํฌ ์ง€์ˆ˜๋„ ์ ์ฐจ ๊ทธ ์œ„์ƒ์„ ๋„“ํ˜€๊ฐ”๋‹ค. ํŠนํžˆ, 2017๋…„์˜ ๋น„ํŠธ์ฝ”์ธ ๋ถ๊ณผ ๊ฐ™์€ ๊ฒฝ์šฐ, ๊ณตํฌ ์ง€์ˆ˜์˜ ๊ธ‰๋ณ€๋™์ด ์‹œ์žฅ์˜ ๋ฐฉํ–ฅ์„ฑ์„ ๊ฒฐ์ •์ง“๋Š” ์ค‘์š”ํ•œ ์—ญํ• ์„ ํ•œ ์‚ฌ๋ก€๋กœ ๊ธฐ๋ก๋œ๋‹ค. ์ด์ฒ˜๋Ÿผ, ๊ณตํฌ ์ง€์ˆ˜๋Š” ๋‹จ์ˆœํžˆ ์ˆ˜์น˜์ ์ธ ์ง€ํ‘œ๋ฅผ ๋„˜์–ด, ์‹œ์žฅ์˜ ์—ญ์‚ฌ์  ๋งฅ๋ฝ์—์„œ์˜ ๋ณ€ํ™”๋ฅผ ์ดํ•ดํ•˜๋Š” ๋ฐ ํ•„์ˆ˜์ ์œผ๋กœ ์ž‘์šฉํ•œ๋‹ค.

Diagram explaining the impact of the fear index on market psychology
Diagram explaining the impact of the fear index on market psychology

๊ณตํฌ ์ง€์ˆ˜์˜ ๊ณ„์‚ฐ

๊ณตํฌ ์ง€์ˆ˜๋Š” ํˆฌ์ž์ž๋“ค์˜ ์‹ฌ๋ฆฌ ์ƒํƒœ๋ฅผ ์ธก์ •ํ•˜๋Š” ๋ฐ ์ค‘์š”ํ•œ ์ง€ํ‘œ๋กœ, ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์—์„œ๋„ ๊ทธ ์˜๋ฏธ๊ฐ€ ํฝ๋‹ˆ๋‹ค. ํŠนํžˆ, ์‹œ์žฅ์˜ ๋ณ€๋™์„ฑ์ด ํด์ˆ˜๋ก ๊ณตํฌ ์ง€์ˆ˜๊ฐ€ ์–ด๋–ป๊ฒŒ ๊ณ„์‚ฐ๋˜๋Š”์ง€๋Š” ํˆฌ์ž์ž๋“ค์—๊ฒŒ ๋”์šฑ ์ค‘์š”ํ•œ ์š”์†Œ๊ฐ€ ๋ฉ๋‹ˆ๋‹ค. ์ด ์ง€์ˆ˜๋Š” ํˆฌ์ž ๊ฒฐ์ •์„ ๋‚ด๋ฆฌ๋Š” ๋ฐ ๋„์›€์„ ์ฃผ๋ฉฐ, ์‹œ์žฅ์˜ ํ๋ฆ„์„ ์ดํ•ดํ•˜๋Š” ๋ฐ ํ•„์š”ํ•œ ๊ธฐ์ดˆ๋ฅผ ์ œ๊ณตํ•ฉ๋‹ˆ๋‹ค. ๊ทธ ์ด๊ฒƒ์ด ์™œ ์ค‘์š”ํ•œ์ง€ ์‚ดํŽด๋ณด๊ฒ ์Šต๋‹ˆ๋‹ค.

  • ์‹œ์žฅ ์‹ฌ๋ฆฌ์˜ ํ†ต์ฐฐ: ์•”ํ˜ธํ™”ํ๋Š” ๋ณธ์งˆ์ ์œผ๋กœ ๋ถˆํ™•์‹ค์„ฑ์ด ํฐ ์‹œ์žฅ์ž…๋‹ˆ๋‹ค. ๊ณตํฌ ์ง€์ˆ˜๊ฐ€ ์–ด๋–ป๊ฒŒ ๊ณ„์‚ฐ๋˜๋Š”์ง€ ์•Œ๋ฉด ํˆฌ์ž์ž๋“ค์€ ์‹œ์„ธ ๋ณ€๋™์„ ์˜ˆ์ธกํ•˜๋Š” ๋ฐ ์œ ๋ฆฌํ•ฉ๋‹ˆ๋‹ค.
  • ๋ฆฌ์Šคํฌ ๊ด€๋ฆฌ: ๊ณตํฌ ์ง€์ˆ˜์˜ ๋ณ€ํ™”๋Š” ํŠน์ • ์‹œ์ ์—์„œ ๋ฆฌ์Šคํฌ๋ฅผ ํ‰๊ฐ€ํ•˜๋Š” ๋ฐ ์˜ํ–ฅ์„ ๋ฏธ์น  ์ˆ˜ ์žˆ์œผ๋ฉฐ, ์ด๋ฅผ ํ†ตํ•ด ํˆฌ์ž์ž๋“ค์€ ์†์‹ค์„ ์ตœ์†Œํ™”ํ•  ์ˆ˜ ์žˆ๋Š” ์ „๋žต์„ ์ˆ˜๋ฆฝํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

๊ณ„์‚ฐ์— ํ•„์š”ํ•œ ๋ฐ์ดํ„ฐ

๊ณตํฌ ์ง€์ˆ˜๋ฅผ ๊ณ„์‚ฐํ•˜๊ธฐ ์œ„ํ•ด์„œ๋Š” ์—ฌ๋Ÿฌ ๊ฐ€์ง€ ๋ฐ์ดํ„ฐ๊ฐ€ ํ•„์š”ํ•ฉ๋‹ˆ๋‹ค. ์ด ๋ฐ์ดํ„ฐ๋“ค์€ ์‹œ์žฅ์˜ ์‹ฌ๋ฆฌ ์ƒํƒœ๋ฅผ ์ •ํ™•ํ•˜๊ฒŒ ์ดํ•ดํ•˜๋Š” ๋ฐ ํ•„์ˆ˜์ ์ž…๋‹ˆ๋‹ค. ์ผ๋ฐ˜์ ์œผ๋กœ ๋‹ค์Œ๊ณผ ๊ฐ™์€ ๋ฐ์ดํ„ฐ ์š”์†Œ๊ฐ€ ํฌํ•จ๋ฉ๋‹ˆ๋‹ค:

  1. ๊ฐ€๊ฒฉ ๋ณ€๋™์„ฑ: ์ตœ๊ทผ์˜ ๊ฐ€๊ฒฉ ๋ณ€ํ™”๋Š” ๊ณตํฌ ์ง€์ˆ˜์˜ ์ฃผ์š” ์š”์†Œ ์ค‘ ํ•˜๋‚˜์ž…๋‹ˆ๋‹ค. ์‹œ์žฅ์ด ๋ถˆ์•ˆ์ •ํ• ์ˆ˜๋ก ๊ฐ€๊ฒฉ์˜ ๊ธ‰๊ฒฉํ•œ ๋ณ€ํ™”๊ฐ€ ๋ฐœ์ƒํ•ฉ๋‹ˆ๋‹ค.
  2. ๊ฑฐ๋ž˜๋Ÿ‰: ๊ฑฐ๋ž˜๋Ÿ‰์˜ ๋ณ€ํ™”๋Š” ์‹œ์žฅ์˜ ํ™œ๋™์„ฑ์„ ๋‚˜ํƒ€๋‚ด๋ฉฐ, ๊ฐ€๊ฒฉ ๋ณ€ํ™”์™€ ํ•จ๊ป˜ ๊ณตํฌ ์ง€์ˆ˜๋ฅผ ๊ณ„์‚ฐํ•˜๋Š” ๋ฐ ์ค‘์š”ํ•œ ์ง€ํ‘œ๋กœ ์ž‘์šฉํ•ฉ๋‹ˆ๋‹ค.
  3. ์‚ฌํšŒ์  ์ •์„œ: ์†Œ์…œ ๋ฏธ๋””์–ด์—์„œ์˜ ๋ฐ˜์‘, ํฌ๋Ÿผ์—์„œ์˜ ํ† ๋ก  ๋“ฑ ๋‹ค์–‘ํ•œ ์ปค๋ฎค๋‹ˆํ‹ฐ์—์„œ์˜ ์˜๊ฒฌ ์ˆ˜๋ ด์ด ์ด์™€ ๊ฐ™์€ ๋ฐ์ดํ„ฐ์— ํฌํ•จ๋ฉ๋‹ˆ๋‹ค.
  4. ๊ธฐํƒ€ ์ง€ํ‘œ๋“ค: ๋ณผ๋ฆฐ์ € ๋ฐด๋“œ, ์ƒ๋Œ€ ๊ฐ•๋„ ์ง€์ˆ˜(RSI) ๋“ฑ์˜ ๊ธฐ์ˆ ์  ์ง€ํ‘œ ๋˜ํ•œ ๊ณ ๋ ค๋ฉ๋‹ˆ๋‹ค.

์ด๋Ÿฌํ•œ ๋ฐ์ดํ„ฐ๋“ค์€ ์‹œ์žฅ์˜ ์‹ฌ๋ฆฌ๋ฅผ ์ •๋Ÿ‰์ ์œผ๋กœ ์ธก์ •ํ•˜๋Š” ๋ฐ ๊ธฐ์—ฌํ•ฉ๋‹ˆ๋‹ค. ๋”๋ถˆ์–ด, ์ด ๋ฐ์ดํ„ฐ๋ฅผ ๊ธฐ๋ฐ˜์œผ๋กœํ•œ ๊ณตํฌ ์ง€์ˆ˜์˜ ๋ณ€๋™์ด ์‹œ์žฅ ํˆฌ์ž ์ „๋žต์— ๋ฏธ์น˜๋Š” ์˜ํ–ฅ๋„ ํฌ๋‹ค๊ณ  ํ•  ์ˆ˜ ์žˆ์Šต๋‹ˆ๋‹ค.

๊ณ„์‚ฐ ๋ฐฉ๋ฒ• ๋ฐ ์ˆ˜์‹

๊ณตํฌ ์ง€์ˆ˜๋Š” ์ฃผ๋กœ ํŠน์ • ๋ฐฉ๋ฒ•๋ก ์„ ํ†ตํ•ด ๊ณ„์‚ฐ๋ฉ๋‹ˆ๋‹ค. ์ผ๋ฐ˜์ ์œผ๋กœ๋Š” ๋‹ค์Œ๊ณผ ๊ฐ™์€ ๋ฐฉ์‹์œผ๋กœ ์ด๋ฃจ์–ด์ง€๋ฉฐ, ๊ทธ ์ˆ˜์‹์€ ์‹ฌํ”Œํ•˜๊ฒŒ ๊ตฌ์„ฑ๋˜์–ด ์žˆ์Šต๋‹ˆ๋‹ค.

  1. ์ง€์ˆ˜์˜ ๊ณ„์‚ฐ: ๊ณตํฌ ์ง€์ˆ˜๋Š” ํ†ต๊ณ„์  ์ฒ™๋„๋ฅผ ํ†ตํ•ด ์‚ฐ์ถœ๋ฉ๋‹ˆ๋‹ค. ์˜ˆ๋ฅผ ๋“ค์–ด, ์ผ๋ฐ˜์ ์œผ๋กœ 0๋ถ€ํ„ฐ 100๊นŒ์ง€์˜ ๋ฒ”์œ„๋ฅผ ๊ฐ€์ง€๋ฉฐ, ๋‚ฎ์€ ๊ฐ’์€ ๊ณตํฌ๋‚˜ ๋ถˆ์•ˆ์„ ๋‚˜ํƒ€๋‚ด๊ณ , ๋†’์€ ๊ฐ’์€ ํƒ์š•์„ ๋‚˜ํƒ€๋ƒ…๋‹ˆ๋‹ค.

plain ๊ณตํฌ ์ง€์ˆ˜ = (์ฃผ์–ด์ง„ ๊ธฐ๊ฐ„ ๋™์•ˆ์˜ ์ „์ฒด ๋ณ€๋™์„ฑ) / (๊ธฐ์ค€ ๋ณ€๋™์„ฑ)

Conceptual representation of Freecash in modern economy
Conceptual representation of Freecash in modern economy
์ž‘์„ฑ์ž
๋ฐ•๋ฏผํšจ
Freecash์˜ ๊ฐœ๋…๊ณผ ํ™œ์šฉ ๋ฐฉ๋ฒ•์„ ๋‹ค๊ฐ๋„๋กœ ๋ถ„์„ํ•ฉ๋‹ˆ๋‹ค. ๐Ÿ’ฐ ์•”ํ˜ธํ™”ํ ๋ฐ ๋ธ”๋ก์ฒด์ธ๊ณผ์˜ ์—ฐ๊ด€์„ฑ๋„ ํƒ๊ตฌํ•˜๋ฉฐ, ํ›Œ๋ฅญํ•œ ํˆฌ์ž ์ „๋žต์„ ์ œ์‹œํ•ฉ๋‹ˆ๋‹ค. ๐Ÿ“ˆ
Visual representation of the SEC and Ripple Labs dispute
Visual representation of the SEC and Ripple Labs dispute
์ž‘์„ฑ์ž
๋ฐ•์ค€์˜
SEC์™€ ๋ฆฌํ”Œ์˜ ์†Œ์†ก์€ ์•”ํ˜ธํ™”ํ ์‹œ์žฅ์˜ ์ค‘์š”ํ•œ ์ด์Šˆ๋กœ ๋– ์˜ฌ๋ž์Šต๋‹ˆ๋‹ค. ์ด ๊ธฐ์‚ฌ์—์„œ๋Š” ์†Œ์†ก์˜ ๋ฐฐ๊ฒฝ๊ณผ ์˜ํ–ฅ, ํ–ฅํ›„ ์ „๋ง์„ ๊นŠ์ด ํƒ๊ตฌํ•ฉ๋‹ˆ๋‹ค.๐Ÿ“ˆ๐Ÿ’ผ
Conceptual representation of soulbound tokens in blockchain technology
Conceptual representation of soulbound tokens in blockchain technology
์ž‘์„ฑ์ž
๋ฐ•์ •์šฐ
์˜ํ˜ผ ๊ฒฐ์† ํ† ํฐ์€ ์ž์‚ฐ ์†Œ์œ ๊ถŒ๊ณผ ๊ฐœ์ธ ๊ฐ€์น˜๋ฅผ ํ†ตํ•ฉํ•œ ์ƒˆ๋กœ์šด ๋””์ง€ํ„ธ ์ž์‚ฐ์˜ ํ˜•ํƒœ์ž…๋‹ˆ๋‹ค. ๋ธ”๋ก์ฒด์ธ์—์„œ์˜ ์—ญํ• ๊ณผ ๋ฏธ๋ž˜ ๊ฒฝ์ œ์— ์ฃผ๋Š” ์˜ํ–ฅ์„ ์•Œ์•„๋ณด์„ธ์š”! ๐Ÿ’ก๐Ÿ”—
Conceptual visualization of decentralized applications
Conceptual visualization of decentralized applications
์ž‘์„ฑ์ž
์ด์ˆ˜๋ฏผ
๋Œ‘์Šค์— ๊ด€ํ•œ ๊นŠ์ด ์žˆ๋Š” ๋ถ„์„์„ ์ œ๊ณตํ•ฉ๋‹ˆ๋‹ค. ๐ŸŒ ๋ธ”๋ก์ฒด์ธ ๊ธฐ๋ฐ˜์˜ ๊ธฐ์ˆ  ๋ฐœ์ „๊ณผ ๋ฏธ๋ž˜ ์˜ˆ์ธก์„ ํ†ตํ•ด ์ด ํ˜์‹ ์  ๊ตฌ์กฐ๋ฅผ ์ดํ•ดํ•ด๋ณด์„ธ์š”! ๐Ÿ“Š
Visual representation of ETC's blockchain technology
Visual representation of ETC's blockchain technology
์ž‘์„ฑ์ž
๋ฐฐ์ข…ํ›ˆ
ETC ์ฝ”์ธ์˜ ์—ญ์‚ฌ, ๊ธฐ์ˆ ์  ํŠน์ง• ๋ฐ ํˆฌ์ž ์ „๋žต์„ ์‹ฌ์ธต์ ์œผ๋กœ ํƒ๊ตฌํ•ฉ๋‹ˆ๋‹ค. ๐Ÿ” ํ–ฅํ›„ ํˆฌ์ž ๊ธฐํšŒ์™€ ์‹œ์žฅ ๋™ํ–ฅ์— ๋Œ€ํ•ด ์•Œ์•„๋ณด์„ธ์š”! ๐Ÿ’ก
Artistic representation of the first Bitcoin pizza transaction
Artistic representation of the first Bitcoin pizza transaction
์ž‘์„ฑ์ž
์†Œ์ง„์˜
๋น„ํŠธ์ฝ”์ธ ํ”ผ์ž๋Š” ์•”ํ˜ธํ™”ํ์™€ ์Œ์‹ ์‚ฐ์—…์˜ ํฅ๋ฏธ๋กœ์šด ๋งŒ๋‚จ์ž…๋‹ˆ๋‹ค. ๐Ÿ• ์ด ๊ธ€์€ ๋น„ํŠธ์ฝ”์ธ ํ”ผ์ž์˜ ์—ญ์‚ฌ, ์ฒซ ๊ฑฐ๋ž˜, ํ˜„์žฌ ์•”ํ˜ธํ™”ํ์˜ ์ƒ์ง•์„ฑ๊ณผ ์˜ํ–ฅ๋ ฅ์„ ๋‹ค๋ฃน๋‹ˆ๋‹ค.