What's the meaning of buying bitcoin

1. bitcoin is a kind of virtual currency, which is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged in the world
reference link: http://wuhan.pbc.gov.cn/wuhan/2929354/3393665/index.html

2.

The earliest is a kind of network virtual currency. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar

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bitcoin is e-cash similar to e-mail. Both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address

starting from the essence of bitcoin, the essence of bitcoin is actually a special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique

many websites for technology players have begun to accept bitcoin transactions. Websites such as mtgox and btcchina, as well as some Taobao stores, can even accept services such as bitcoin exchange for us dollars and euro. There is no doubt that bitcoin has become a real currency in circulation, rather than a virtual currency like Tencent Q coin

3. The topic of blockchain and bitcoin has gone crazy recently

in fact, Mr. Xiao Zaojun paid attention to this very early. Last year, I wrote a popular science article about blockchain and bitcoin. At that time, the price of bitcoin seemed to be $3000, and many people suggested that I start. After thinking about it, I still didn't buy it

later, bitcoin soared and plummeted, peaking at $20000, and then quickly fell to $8000. I'm both sorry and glad<

today, I've also rerouted that article (with some revisions). I hope it will help you to know more about blockchain and bitcoin technology

in my opinion, whether you invest in bitcoin or not, whether you believe in blockchain or not, first of all, you should fully understand them

today, let's talk about blockchain and bitcoin

well, here's the thing -

these days, if you haven't heard of bitcoin, it's really out

when you see the glittering gold coin, is it a moment of spirit

in other words, bitcoin is not an ordinary fire nowadays. Some friends always come to ask Mr. Xiao Zaojun about it. Even when you take the subway, you can hear people around you talking about it<

bitcoin has been used for several times, and the most influential one is this:

children's shoes must be familiar, and indivial children's shoes are expected to be shocked

Yes, this is the blackmail window that popped up after computer poisoning when wannacry blackmail virus broke out in May 2017

the words in the blue box are the way blackmailers ask for ransom - "only accept payment in bitcoin", and others are not recognized. At the same time, the blackmailer also kindly tells you how to buy bitcoin

as a result, bitcoin, along with the blackmail virus, swipes the screen all over the world, greatly enhancing its popularity.

4. There are certain risks in buying. This refers to investment risk. Because the fluctuation of bitcoin price is very large. If you buy bitcoin, the price may drop, and you will lose money. This is called risk.

5.

Bitcoin is a kind of virtual encrypted digital currency in the form of P2P. Different from all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, And the use of cryptography design to ensure the security of all aspects of money circulation. However, on September 4, 2017, the central bank and other seven ministries and commissions announced that virtual currency trading is prohibited in China, and bitcoin is prohibited from circulating in China

according to the first article of the notice on preventing the financing risks of token issuance, we should accurately understand the essential attributes of token issuance financing activities. Token issuance financing refers to the illegal sale and circulation of tokens by the financing subject to raise the so-called virtual currency such as bitcoin and ether coin from investors. In essence, it is an unauthorized illegal public financing behavior, which is suspected of illegal sale of token bills, illegal issuance of securities, illegal fund-raising, financial fraud, pyramid schemes and other illegal criminal activities

Relevant departments will closely monitor relevant developments, strengthen cooperation with judicial departments and local governments, strictly enforce the law in accordance with the current working mechanism, and resolutely deal with market chaos. If suspected crimes are found, they will be transferred to judicial organs. The token or "virtual currency" used in token issuance financing is not issued by the monetary authority, does not have such monetary attributes as legal compensation and compulsion, does not have the same legal status as currency, and cannot and should not be used as currency in the market

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Article 3 of the announcement on preventing the financing risk of token issuance strengthens the management of token financing trading platform. From the date of this announcement, any so-called token financing trading platform shall not engage in the exchange business between legal tender and token and "virtual currency", nor buy or sell token or "virtual currency" as a central counterpart, nor provide pricing, information intermediary and other services for token or "virtual currency"

for the token financing trading platform with illegal problems, the financial management department will request the competent department of telecommunications to close its website platform and mobile app according to law, request the network information department to remove the mobile app from the app store, and request the instrial and commercial administration department to revoke its business license according to law

Article 4 financial institutions and non bank payment institutions shall not carry out business related to token issuance financing transactions. All financial institutions and non bank payment institutions shall not directly or indirectly provide procts or services such as account opening, registration, trading, clearing and settlement for token issuance and financing and "virtual currency", nor undertake insurance business related to token and "virtual currency" or include token and "virtual currency" into the scope of insurance liability. Financial institutions and non bank payment institutions shall report to the relevant departments in a timely manner if they find clues of violation of laws and regulations in token issuance financing transactions

6. Bitcoin is a consensus network, contributing to a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system

from the perspective of users, bitcoin is a mobile application or computer program, which can provide a personal bitcoin wallet with which users can pay and receive bitcoin. This is how bitcoin works for most users

behind the scenes, the entire bitcoin network shares a public ledger called "blockchain.". This general ledger contains every transaction processed, so that the user's computer can verify the validity of each transaction. The authenticity of each transaction is protected by the electronic signature corresponding to the sending address, which enables users to have complete control over the bitcoin transferred out from their own bitcoin address. In addition, anyone can use the computing power of specialized hardware to process transactions and get a bitcoin reward for it. This service is often referred to as "mining.".

7. I have been using the okex trading platform. The so-called currency trading is aimed at the transactions between virtual currency and virtual currency. One currency is used as the pricing unit to buy other currencies. Currency trading rules are also based on price priority and time priority to complete matching transactions. I hope my answer can solve your problem

8. We need to understand the background of bitcoin. In 2008, there was a world economic crisis. The capital of financial institutions did not work well, and all the capital chains broke. In order to save the crisis, the United States used its advantage of US dollar settlement to take a bad way: "printing money". As the whole international system is based on the US dollar, as the settlement tool of the US dollar, the printing of money has led to the increase of the US dollar bubble. The result is that the whole world has helped the United States repay its debts, and the financial crisis has spread from the United States to the whole world. As you can see, the US dollar, as a legal currency, is full of politics and easy to be manipulated by one party. In this context, bitcoin emerged as a non political, non centralized alternative to the legal currency system