When will bitcoin cash rise

1. The collapse of the existing economy is the day of bitcoin's rise
isn't this idea for fear that the world will not be in chaos? No, no, it's a cruel reality. If we look back at the birth of bitcoin, we will find that the root cause of bitcoin is that the US subprime mortgage crisis has spread to the whole world, resulting in the disorder of the world's economic system, and various countries have issued money printing policies, giving birth to bitcoin, such a "devil of the world". The inventor Nakamoto told economists all over the world, In fact, you can still play like this
bitcoin actually allows people to return to a credit controllable system, but it's too far ahead of time and leads to too big a step. Therefore, from the current point of view, bitcoin is more similar to gold and other safe haven assets. This kind of image is just a superficial likeness. Bitcoin has many scientific and technological advantages in its essence, but it can't play e to many restrictions for the time being. Therefore, if bitcoin wants to rise rapidly, it still depends on the "instability" of the economic system
this kind of thing has happened before. The Bank of Cyprus incident once pushed bitcoin soaring. Now, if there is another "second in Cyprus", I believe bitcoin will have a chance
is this a dream? No, the financial system at this stage has exposed various kinds of crisis. Russia's economy seems to be collapsing because of the fall of crude oil price, a lot of local debts in China can't be paid off, the government is playing hard to cut interest rates and reserve requirements, and the European debt crisis is getting worse and worse... Today's society is in the information age and the Internet age, If the spark can't be fixed, light the powder keg
the possibility of a rapid outbreak of economic crisis still exists, but no one can say for sure. Who knows whether the world will be transformed into a fast lane for a long time and will not be sick again? Marx said that economic crisis will appear periodically in capitalist society, but when will the next big outbreak take place
maybe in more than ten years, maybe in the next second, heaven or hell, there is no way to check.

2. 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.

3. No, because only a small number of people believe that if the number of users does not grow, the scam will slowly break down
bitcoin is a virtual currency system developed by an organization that dare not disclose its identity. Also known as "air currency"
this kind of currency is worthless. We should rely on pyramid selling and speculation to improve the psychological value among a small number of people, then buy and sell among these people, and then continue to rely on pyramid selling to expand the population
this is a financial fraud, much like the Ponzi scheme
as long as people who are not mentally retarded, they should be aware that this is a fraud
it's just that people who speculate in currency think that they won't be the last one to take over the dish.

4.

The reason why the programmer threw away 7500 bitcoins as garbage is because these bitcoins are stored in the hard disk, and he carelessly threw away the hard disk

recently, a British programmer found that in 2013, he accidentally threw away the hard disk with 7500 bitcoin private keys as garbage

these 7500 bitcoins were g up by him on his personal computer. In order to retrieve the hard disk, he went to the landfill, but even if he "wanted to go back to the past", it was impossible to recover it. 7500 pieces, estimated at the current price of 32000 dollars, which is equivalent to throwing 240 million dollars into the garbage can

In fact, millions of bitcoins have been "lost" worldwide. But the "lost" bitcoin did not disappear. On the blockchain, you will record how many bitcoins you have in your name, but you need a private key to trade

the programmer is careless, that is, after throwing away the hard disk, he adds symbols to the string of very complex letters. Nowadays, the "value" of bitcoin has risen sharply. Those who lost bitcoin will naturally regret it

{rrrrrrr}

extended data

reasons for bitcoin's recent surge:

according to the analysis of CICC's research report, bitcoin's price rose nearly three times from $7200 at the end of 2019 to $27084 (as of December 28, 2020), and became the asset category with the highest increase since the beginning of the year, Even more than the faamng tech giants index

in addition to the impact of global liquidity easing, the analysis shows that the financial innovation of financial institutions represented by PayPal, Robinhood and grayscale in broadening the channels of digital assets in the past year is the structural reason behind the nearly three times rise of currency price in the past year. In the short run, the price of bitcoin may fluctuate greatly, driven by liquidity and the inflow and outflow of speculative funds. However, in the long run, the continuous expansion of the traditional investor base is concive to the stable rise of the price of bitcoin and other digital assets

5.

At present, foreign bitcoin trading platforms show that the peak value of bitcoin trading price has exceeded the US $7400 mark, and it is also a wave to US $7500. At the same time, bitcoin cash (BCH) is also rising with the tide

it seems that the rise of bitcoin price drives the whole money market, so there is the rise of bitcoin cash; But is that really the case

in fact, bitcoin cash is different from bitcoin. The biggest difference is that the block capacity of the blockchain is 8m; Similarly, it does not recognize segwit, which is a new branch of bitcoin compared with the capacity of the original 1m bitcoin block

user needs also determine the price

whether it's real goods or the digital currency virtual goods we are talking about, it's just with user needs that they are created. Although the price of bitcoin cash (BCH) has been hovering around $300 before, from the current price of bitcoin, there is still a lot of room for the rise of bitcoin cash (BCH); Is the rise of bitcoin's cash price not in the form of user demand

BCH has great development prospects

BCH is the digital currency most in line with the original heart of bitcoin

the original intention of Nakamoto's design of bitcoin is to be a kind of currency widely used by human beings, a point-to-point currency which is different from the current legal currency system and cannot be eliminated by power. In order to achieve this goal, bitcoin network must keep the transaction fees at a very low level, so that all users feel indifferent; The second is to give users a stable confirmation expectation, that is, 10 minutes to confirm. But now bitcoin is off track. Bitcoin cash (BCH) is based on this point-to-point e-cash system to improve

increase in computing power

the rise in the price of bitcoin cash is also inseparable from the mining computing power of bitcoin cash. With the increase of the mining difficulty of bitcoin and the decrease of the mining difficulty of BCH, the miners think that it will be easier to dig BCH, and it is more profitable to dig bitcoin cash (BCH) than bitcoin, so the computing power will switch to BCH. With the rising price of BCH, digging BCH will become more profitable

bitcoin will be bifurcated again, which is good for BCH

bitcoin will be bifurcated again in November, which is good for bitcoin cash. Because the consensus of the bitcoin community is not consistent, bitcoin is likely to become two kinds of coins after the bifurcation in November. The newly generated bitcoin with the capacity expanded to 2M and the non expanded bitcoin will compete for the naming right of "bitcoin". The fight for naming right will bring great economic chaos and replay attack, which is a threat to users' assets. Some users will move to the bitcoin cash (BCH) camp in order to preserve their assets. If segwit2x hard fork fails in November, bitcoin cash (BCH) will be used as a solution for bitcoin expansion, and will gain more users' support e to its own advantages. Therefore, before the bifurcations of bitcoin come, some investors will invest in BCH to avoid risks, which will also cause a wave of rise

the continuous improvement of bitcoin cash (BCH)

there have been many supporters since BCH came into being. With the continuous development of BCH, many trading platforms, infrastructure, businesses have joined the BCH camp. Because BCH has the advantages of low transaction fees and reliable transaction confirmation that bitcoin does not have at present, it is inevitable for BCH to recover the territory lost by BTC e to transaction congestion and soaring costs in the future. At present, BCH community has been comparable with BTC community

BCH's surge is inevitable. Because the emergence of goods is to meet people's needs

BCH, as a point-to-point e-cash system which is most in line with Nakamoto's idea, is very promising. With the development of time, it is possible for BCH to surpass BTC in price as well as in value

6. To invest, we should not only care about the price, rise and fall of this investment tool. More importantly, it depends on whether the investment vehicle can develop better and better in the long run. Bitcoin cash (BCH) early expression has been obvious to all, in continuous improvement and improvement. Recently, bitcoin ABC launched the mid-term development route of bitcoin cash (BCH), which clearly shows that developers will continue to promote the development of bitcoin cash (BCH), making it more in line with the market demand and improving the user experience. This is an advantage bitcoin does not have
at present, bitcoin cash (BCH) is dormant, which is the best opportunity to get on the bus. I believe that with the continuous improvement of bitcoin cash (BCH) and the release of more good news, bitcoin cash (BCH) will usher in another wave of surge.

7. BCC inherits almost all of BTC's user base and has a wide range of exchanges and wallets. The large block owned by BCC can make the transaction faster and cheaper, which can truly realize the "point-to-point encrypted e-cash system" mentioned in the bitcoin white paper. This is unmatched by bitcoin in the short term,
BCC community is composed of supporters and developers of large blocks, and supporters of large blocks have shown great strength in the fight for capacity expansion. The developers of BCC are composed of a group of smart programmers. The development team includes bitcoin XT, bitcoin classic, bitcoin unlimited and bitcoin ABC, which basically covers all the large block development teams and has strong technology R & D capability. In the future, these technical teams plan to deploy such fashionable technologies as lightning network and smart contract on BCC.

8.

The most common impression of bitcoin is that it is a virtual currency. Bitcoin will grow in different degrees in 2021. At the same time, it can also be described as its growth by leaps and bounds< at the same time, many netizens speculated that bitcoin, the current form of growth, can be said to be rare in a hundred years, and it is also expected{ RRRRR}

at the same time, some professionals said that such a rise would be subject to the corresponding limit drop in the near future, because for the current situation, there will be some relevant differences in the future therefore, it is very important for the circulation of the market. It is still a long-term thing to fundamentally solve this problem. At the same time, we can't deny that the reason why bitcoin is happening now is also e to the corresponding growth under the current economic situation. Behind this growth, we will also expose the corresponding problems