The market value of bitcoin in the coin circle
If you use three words to describe the latest bitcoin, it can only be three words & quot; It's going crazy;. On February 19, the price of bitcoin reached a high of US $56000, with a total market value of US $1 trillion{ RRRRR}
coupled with the global popularity and high liquidity of bitcoin, long-term holders believe that bitcoin is an ideal medium for long-term wealth storage and will appreciate over time
how does bitcoin work? In the bitcoin system, the way money drives is not the digital transfer of cash that most people imagine. When Alice remits money to Bob, Alice's process is like recording on the account book that everyone sees that she transferred $1 to Bob. If Carol wants to charge Bob a dollar, she can see from the same ledger that Bob does have a dollar
with the price of bitcoin reaching a new high, its market value has successfully exceeded US $1 trillion. This strong performance seems to be a bit & lt; Slap in the face & quot; JPMorgan Analyst & mdash& mdash; In an evaluation report, they warned that bitcoin is a & lt; After the economic boom, the hedging effect on the decline of stock price is not good. Bitcoin, as the most popular cryptocurrency in the world, once jumped to an all-time high of US $56399.99, with a weekly increase of 14% and a surge of nearly 70%. The latest market shows that today's highest rise to 56600 usdt, a new record high
Jacob skaaning, portfolio manager of encryption hedge fund ark36, said that the next milestone in bitcoin's market value will be to surpass alphabet Inc, which currently has a market value of $1.431 trillion& ldquo; There may be some big fluctuations along the way, but I am still very optimistic. I believe this upward trend will continue for the time being& rdquo; He added. Despite this, many analysts and investors remain skeptical about this poorly regulated, highly volatile digital asset, which is rarely used in business. Bitcoin supporters believe that bitcoin is & lt; Digital gold;, It can hedge the inflation risk caused by the central bank and the government's large-scale stimulus plan aimed at fighting covid-19
How many cryptocurrencies are there in the world
at present, there are more than 1350 encrypted virtual currencies in circulation in the world. So far, according to the total valuation given by the market price, there are 23 virtual currencies with a valuation of more than US $1 billion, 97 with a value of more than US $100 million, and 573 with a market value of more than US $1 million. All in all, the total market value of virtual currency has exceeded US $5 trillion, of which bitcoin, the earliest invention, accounts for more than half. Players generally admit that bitcoin is not the most effective cryptocurrency, nor is it the most covert and anonymous. However, bitcoin is the first one to appear, so it is the most well-known and popular one
so the question is, does the world need more than 1350 cryptocurrencies
even the players of virtual currency will doubt this. No matter how strange the world is, there cannot be so many virtual currencies. In fact, there are so many new ICO virtual currencies emerging in recent years, which complement the "Crazy" performance of bitcoin in this year. Most of these 1300 kinds of virtual currencies can't be recognized by everyone. From the beginning of ICO, there will be many loopholes that no one will fill. When there is a major adjustment in the virtual currency market, many of them will disappear automatically, which means that no one will go to mine any more
this also leads to a problem. When some of the cryptocurrencies have problems, the entire instry chain and market of virtual currency may be involved like dominoes. Even the strongest bitcoin now will also be involved, because the cryptocurrency, in the final analysis, is supported by the "belief" of players
why is bitcoin worth more than other cryptocurrencies
at the time of writing this article, the total value of bitcoin is about US $270 billion, the total value of cash of bitcoin is about US $31.7 billion, and the market value of bitcoin gold is US $5.17 billion. Since bitcoin cash and bitcoin gold are separated from bitcoin, in a broad sense, they should be counted as a part of the total value of bitcoin (of course, you can't refute me technically, just for a rough explanation). Once we add up all the branches of bitcoin, we can calculate the market value of more than $310 billion. As a result, bitcoin accounts for about 60% of all cryptocurrencies in the market
as I have repeatedly said in recent days, bitcoin is not the most effective cryptocurrency, the most advanced, the most anonymous, or even the most stable cryptocurrency. So why is bitcoin so valuable compared with other virtual currencies
it's very simple, because bitcoin has a catalytic factor, that is, the Chicago Board of trade, as well as the commodity exchange, began to trade futures as a "commodity". Then, you will naturally think that since it has been recognized by the futures exchange, will it be further recognized by the US government in the next step. Other virtual currencies are still struggling
however, we have always stressed that since the day bitcoin was traded as a "commodity", its real monetary role, like gold, has been very weak in reality, but as one of the procts of gambling. This means that we all do bitcoin as a speculative activity, rather than a real use
judging from the current situation, bitcoin is no longer the only virtual currency that soars as soon as there is news of "official support". It is like iota, a virtual currency that focuses on the principle of the Internet of things. The news of cooperation with Microsoft came in the last two weeks, and it immediately rose to more than $300. Later, Microsoft came out and said that there was no such thing, and iota immediately fell back. It can be seen that in the future, as long as the virtual currency is recognized by some big company or organization, it will soar like bitcoin
If you really don't know about bitcoin, you will know that the earliest holder of bitcoin has made money. Do you think that bitcoin is rising and he has to sell when he makes money? Will he keep holding it? Are ordinary people, in the face of such a big temptation, can not hold on
later, people were cut like leeks, wave after wave. At least among the people I know and the stories I heard, no one made money because of bitcoin
summary:
what is bitcoin? I don't know. It's like virtual currency. It can't be used for payment or transfer. There's also a so-called dark net
the rise and fall is just like gambling. At the beginning, gold and silver were bought in the same way. Gambling is risky and investment should be cautious. people want to eat all the time when they get the sweets. Do you know what is to stop when it's good? Don't be greedy, you are just a leek in the eyes of bitcoin, not a bundle, understand
I think it should be higher in the future. Although many people do not recognize the value of bitcoin, even many people think bitcoin is just a hoax, but in the current situation, the market value of bitcoin has returned to 10000 billion US dollars, and the unit price has also reached 58000 dollars. Under such circumstances, if the bubble of bitcoin burst, It is likely to bring disastrous effects to the global economy, so although I personally do not recognize the value of bitcoin, I think bitcoin will continue to rise in the future, which is a proct of market recognition
the market value of bitcoin is back to US $100 billion
this news is very exciting, but also very uncomfortable. Why do you say that? Because bitcoin itself has no value, it is just a proct of capital speculation. At the same time, the rise of bitcoin also means the further aggravation of inflation. We may not feel the severity of inflation at home. We will only feel that the current price is only a little higher than before, and we can still make a lot of money now, But inflation is actually very serious abroad, and bitcoin's constant breakthrough is a sign{ RRRRR}
explain why it's left and right, because the price of each platform is different, so there will be some differences, but the fluctuation will not be too large. There is also a total of 21 million bitcoins, but there are still many that have not been g up so far, so when we calculate the market value, we just calculate the total current value.
bitcoin is a virtual encrypted digital currency in the form of P2P
1. Issuer:
compared with fiat money, bitcoin does not have a centralized issuer, but is generated by the calculation of network nodes. Anyone can participate in the manufacturing 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 and sell bitcoin Bitcoin is sold or received, and the user's identity information cannot be recognized by foreigners ring the transaction. Bitcoin can be used to cash, which can be converted into the currency of most countries. There are also regulatory black holes. Bitcoin and other virtual currencies may have money laundering, crime and other behaviors. From the initial value of less than 1 cent to now $56000, the price promotion mode of bitcoin seems irrational. Its roller coaster trend and market is even known as & lt; Professional leek harvester;. It is reported that in the development of bitcoin, at least three times it has plummeted by more than 80%. In the market mood of ups and downs, because bitcoin has no virtual nature of physical endorsement, there were many views that bitcoin was a big fraud at first
The concept of
bitcoin was first proposed by Nakamoto on November 1, 2008, but the real identity of Nakamoto is not known at present. Wang Xing, CEO of meituan, said at the dinner party, "I'm not sure if it's going to work; In theory, Nakamoto is the richest man in the world& rdquo; On February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin exceeded $1 trillion, surpassing two Maotai.. On February 22, 2021, the price of bitcoin exceeded $58000 per coin
Yes, according to assetdash data, the market value of bitcoin is more than 790 billion US dollars, ranking eighth compared with the market value of well-known companies, surpassing Facebook (market value is now 765.157 billion US dollars) , and ranking behind Tesla (market value is now 807.829 billion US dollars)
at the same time, the block chain related to cryptocurrency also soared. The blockchain plate of US stocks rose in short term before trading. Before trading on February 8, the blockchain plate of US stocks surged in short term. For a time, ncty.us rose by more than 28%, riot blockchain (riot. US) rose by more than 20%, marathon patent group (Mara. US) rose by more than 25%, can.us rose by 19%, and bit digital, Inc (BTBT. US) rose by more than 24%
however, some families are happy and some are sad. Some people make a lot of money, while others suffer a lot. Bitcoin home data shows that in the cryptocurrency market, more than 100000 people burst their positions in the past 24 hours, with the largest single burst valued at US $10 million, reaching about 6.29 billion yuan in 24 hours
{rrrrrrr}
extended information:
recently, musk has been publishing comments in support of bitcoin and dogcoin
on February 6, he launched a vote on the social network: "what do you want to use as the future currency of the earth"? As of 19 PM, 71% of netizens chose dogcoin and 29% chose other currencies, The dog coin rose more than 8% on the same day. Before that, in the war between Wall Street and retail investors, dog money became a new battlefield for retail investors. A tweet that was suspected to be a "platform" of dog money released by musk also boosted the rise of dog money
In an interview with the US social media clubhouse on February 1, musk said that bitcoin is a good thing and he is a supporter of bitcoin. He also said he should have bought bitcoin at least eight years ago and admitted that he was late at the feast of bitcoin tradingon the same day, the price of bitcoin once rose by more than $600. On January 29, musk changed his twitter profile to "bitcoin", and the price of bitcoin rose by more than 18%