Why is bitcoin expensive in South Korea

1. bitcoin is not issued by 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 uses the design of cryptography to ensure the security of all aspects of money circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on January 8, 2021, the price of bitcoin exceeded $40000

warm tips:
1. The above explanations are for reference only, without any suggestions
2. Before investing, it is recommended that you first understand the risks existing in the project, and clearly understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: January 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

2. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk

warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
response time: December 28, 2020. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

3. Because the global circulation of bitcoin is only 21 million, there are only less than 4.5 million left to be mined, and the last one will be mined in 2140. With the decrease of the amount of coins that can be mined, the difficulty of procing bitcoin will increase. On average, the difficulty of mining will increase by half every four years. Now, 12.5 coins are proced every 10 minutes. All the coin diggers are scrambling for the fixed quantity, so the price of bitcoin will be higher and higher.

4.

The emergence of bitcoin is based on a set of "payment system", and its value was first born because of the choice of "forced and helpless". In the later stage, bitcoin develops in the direction of digital assets and digital gold. In addition, there is a blind area of legal supervision, which gives opportunities to some lawless elements and people and institutions who like to speculate, In addition, some people dream of becoming rich overnight, which sets off a prosperous currency circle. As the world's first digital currency, bitcoin's value has soared tens of thousands of times

After the birth of bitcoin, people didn't understand it at first, but with the development of technology, many people began to preach and preach its value when they knew how to use it, and it was in line with the needs of some people and institutions, With the participation of capital and institutions, it has been pushed to a new height. Combined with the rise and fall of the price of bitcoin in the past five years, almost every big fall has been caused by frequent cutting of leeks. Due to the lack of supervision and extremely serious privatization, many people have not made a fortune overnight through the coin circle, but lost everything

5. Bitcoin is a virtual currency, and its price is suspected of artificial speculation. At the same time, it is expensive because it is rare
the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009 [1]. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity
on December 17, 2017, bitcoin reached an all-time high of $19850. On July 27, 2020, bitcoin broke through the $10000 mark again.

6. At present, okcoin only supports the deposit card of withdrawal to the bank, and it is the bank card of user's real name authentication. RMB withdrawal is generally handled within 24 hours. When it arrives at the account, each bank processes the remittance at a different speed, so the time of arrival cannot be guaranteed. The minimum withdrawal of RMB is 100 yuan, the handling charge is 0.3% - 0.5% of the withdrawal amount, and the minimum charge is 1 yuan.

7.

When it comes to bitcoin, we are all very impressed by it< as far as bitcoin is concerned, we are all very surprised that it can achieve such a high value as a whole{ RRRRR}

as for the current overall economic situation, we all think this is very good a lot of people think that bitcoin will go up to a greater extent in the future, which makes us all feel very good. So according to this situation, we can understand that for the current bitcoin, its own development consciousness makes us all feel that it is a very good economic state, and makes many people feel that it is very good. In the face of the current economic situation, the main reason why we can solve the problem is that it is very important for us to follow our own point of view according to the bitcoin. So according to this matter, we can also understand it. Therefore, in the face of such a situation, it is not difficult to say that bitcoin's future economic development will be promising