1. The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
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monetary characteristics
1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform mining: users can explore the computing power of different hardware on many platforms
2. No one can predict how high bitcoin will rise or how low it will fall in the end. Now what we have to do is to collect bitcoin
many exchanges can buy and sell bitcoin, such as fire coin, coin security and so on
this is for my reference only
3. If you want to find reasons, you can definitely find countless. The most direct thing is that you have funds to hype. Digital currency has no value support, no benefit to the society, wastes a lot of power, and has no government endorsement. The rise and fall are all driven by funds. Digital currency is also used as money for transnational illegal transactions, which encourages underground transactions, seriously affects the release of currencies and challenges the financial systems of various countries. Most countries don't recognize it, so for most people, it's better to stay away. In the end, it must be chicken feather. You're a genius. You're born to speculate. Hope to adopt.
4. Reasons for the rise: 1. Self: Decentralization (institutions can't freeze your bitcoin), difficulty in cracking, and certain anonymity. 2. When social problems occur, people worry about the preservation of traditional currency: for example, in 2013, in order to obtain the EU's 10 billion euro emergency aid loan, the government of Cyprus will levy a deposit tax on local bank depositors. In order to avoid policy risks, the public scrambled to change their currency into bitcoin. Then it spread to many countries in the euro area. It triggered bitcoin's first massive rise. For example, the new crown black swan event in 2020, the global "big water release" (negative interest rate), the decline of the influence of the US dollar, and the people and the government need the means to maintain the value of assets. 3. With the popularity of
blockchain, a large number of institutions have entered the market. Traditional financial institutions, listed companies, and paypal have all promoted the rise of bitcoin. However, e to the limited supply, the demand has increased greatly, which has promoted the price rise.
5. Candlestick? Charts, also known as candle chart, Japanese line, Yin Yang line, bar line, red and black line, are commonly referred to as "K line". It is based on the opening price, the highest price, the lowest price and the closing price of each analysis cycle.
6. It's possible, but it's more risky than trying.
7. Different people have different opinions on this issue
8. Before bitcoin is completely out of print, there is a great probability that it will continue to rise
9. Not at all. It's just that when the demand is large, it seems to be less
and there are a lot of other things to do, and the mining time is also less
less mining is just an illusion
10. Generally, when you go to the sales office, you have to look at these problems
