What is the price of bitcoin in Singapore
When bitcoin first appeared in 2009, its price was less than 1 cent. One dollar could be converted into 1300 bitcoins, that is to say, seven yuan could be converted into 1300 bitcoins
on May 5, 2017, bitfinex, an overseas digital currency trading platform, quoted a price. Bitcoin once hit US $1700, about RMB 11737
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in China, some Taobao stores have also begun to accept the use of bitcoin, and businesses will graally increase
in October 2013, the first bitcoin quarterly, one bit, was released
on October 15, 2013, the network accelerator service of the network announced its support for bitcoin
on October 26, 2013, btcmini reported that GBL was hacked
on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws
on December 5, 2013, notice of the Ministry of instry and information technology of the people's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing bitcoin risk: bitcoin is a specific virtual commodity; Bitcoin trading is a kind of commodity trading on the Internet. Ordinary people have the freedom to participate in it at their own risk
on September 4, 2017, the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO)
the trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency
on November 2, 2018, the people's Bank of China released the 12th topic of China financial stability report 2018, which talked about "encrypted assets"
according to the currency conversion ratio on January 3, 2020, one bitcoin = RMB 47000
compared with fiat money, bitcoin has no centralized issuer. It is generated by the calculation of network nodes. Anyone can participate in the proction of bitcoin, and it can circulate all over the world. It can be bought and sold on any computer connected to the Internet. No matter where they are, anyone can dig, buy, sell or receive bitcoin, And in the transaction process, foreigners can not identify the user's identity information
the global financial crisis broke out in 2008. On November 1, 2008, a person who called himself Satoshi Nakamoto published bitcoin white paper "bitcoin: a peer-to-peer e-cash system" on the P2P foundation website, stating a new idea for e-money bitcoin came out. On January 3, 2009, bitcoin Genesis block was born
whenever bitcoin comes into the view of mainstream media, mainstream media always ask some mainstream economists to analyze bitcoin. Earlier, these analyses focused on whether bitcoin was a scam. Now the analysis focuses on whether bitcoin can become the mainstream currency in the future. The focus of the debate is often on the deflationary nature of bitcoin
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currency features:
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
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
exclusive ownership: private key is required to manipulate bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
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
According to plan B's model, after halving in 2020, the market value of bitcoin will reach $1 trillion, in other words, the price of each bitcoin will be $55000
Plan B, a famous encryption analyst, uses his S2F model to show the impact of bitcoin halving on the price. At present, bitcoin's S2F is 25, but it will halve to 50 in a few months, which is closer to the value of gold inventory flow
the parabola super rising trend model of bitcoin is closely related to the inventory flow analysis model of plan B. Although many investors are opposed to the idea of a parabolic rise, since Marti Malmi sold the first bitcoin in legal tender in 2009, bitcoin has grown by 2232111011.11% and reached an all-time high of $20000 in 2017< br />