Today's price of bitcoin cash
By the end of July 2020, bitcoin is now 98 yuan
the bitcoin address and private key appear in pairs, and their relationship is just like the bank card number and password. A bitcoin address is like a bank card number, which records how much bitcoin you have on it. You can generate bitcoin address at will to store bitcoin. When each bitcoin address is generated, a corresponding private key of the address will be generated
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whenever bitcoin comes into the view of mainstream media, mainstream media always ask some mainstream economists to analyze bitcoin. Earlier, these analyses always focused on whether bitcoin was a scam. Now the analysis is always focused on whether bitcoin can become the mainstream currency in the future. The focus of the debate is often on the deflationary nature of bitcoin
many bitcoin players are attracted by the fact that bitcoin can not be issued at will. The attitude of bitcoin players is quite the opposite, and the attitude of economists is polarized compared with the fixed amount of 21 million bitcoin
the price of bitcoin is always floating, so the price of bitcoin for RMB is always changing. From the beginning, a few years ago, when bitcoin was converted into RMB, it was only one to several, and finally it graally developed to one to more than ten, and then to one to dozens. At this time, it has been very shocking, and many people think it is a very strange phenomenon, As a virtual currency, although many people don't know what its main function is, most people think it's a bit similar to stocks, so they made a series of investments in bitcoin. Until January 2020, the value of bitcoin has grown crazily, rising to nearly 1:47000 this growth rate has exceeded most excellent stocks. Many people are shocked and often want to understand why this phenomenon occurs. In fact, my analysis is mainly caused by the following reasons:
3 Of course, one of the main reasons why the price of bitcoin has risen so fast is also related to the psychology of chasing up and killing down. For example, when many stocks have been rising, more people will buy them, but when they are falling, many people withdraw because of fear. So far, bitcoin's rise is still very large, Therefore, some people think it has investment value, so they have been buying it
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, or about RMB 11737
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 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 currency circulation
the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. 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
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transaction method
bitcoin is e-cash similar to e-mail, and 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. The following table lists some websites that download bitcoin wallets and addresses for free
a bitcoin address is a string of about 33 characters long, consisting of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it doesn't need to exchange information online, so it can be offline. There are a lot of bitcoin addresses available
the bitcoin address and private key appear in pairs, and their relationship is just like the bank card number and password. A bitcoin address is like a bank card number, which is used to record how much bitcoin is stored in the address. You can generate bitcoin address to store bitcoin at will. When each bitcoin address is generated, a corresponding private key of the address will be generated
this private key can prove ownership of the bitcoin at the address. The bitcoin address can be simply understood as the bank card number, and the private key of the address can be understood as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep the address and private key when using bitcoin wallet
source of reference: network bitcoin
According to the latest data of bitfinex, poloniex, gdax and other trading platforms, the price of bitcoin continued to decline for six consecutive days. The latest price has reached the $14000 mark of Tiepo, which has dropped more than 30% from the highest point
Once people realize that's how it works, they start selling it, he says. The old bitcoin network may not work
Oldenburg admits that buying, selling or trading bitcoin is not a problem nowadays, but when bitcoin transactions are recorded in the blockchain, that is, when each transaction is recorded in the digital ledger, the problem will come to the surface. The crux of the problem is that you can only process a limited number of transactions per second in a bitcoin network, which in turn depends on the "block size" of memory in which the transactions are stored. Aldenberg said that would lead to the scarcity of liquidity and the unavailability of cryptocurrency
All in all, aldenberg doesn't believe that bitcoin will become the currency people use everyday. As long as the network is run by this group [in the old bitcoin network], these solutions will be found in bitcoin cash, where I will see the future, he saidRoger Waugh, an early investor of bitcoin and known as "bitcoin Jesus", believes that compared with the traditional version of bitcoin, bitcoin cash is faster, cheaper and more reliable. Some people in the market have predicted that bitcoin cash will replace bitcoin as the big boss of cryptocurrency, because bitcoin cash is more suitable for the efficient market
However, on Tuesday, coinbase, the leading bitcoin trading platform in the United States, announced that customers could buy and sell bitcoin cash freely, which prompted the rapid rise of bitcoin cash in the past two days, more than doubled in two trading days and set a record high of US $4300said in a weekly "House View" report: "what we think is all the characteristics of bubbles: high trading volume and little practical use, which indicates that many traders are seeking speculative returns. Although the supply of bitcoin is limited, there are many more widely used cryptocurrencies, and there are now thousands of potential substitutes. "
the report from UBS's chief investment office of wealth management reiterated the bank's attitude in October. UBS said at the time that it believed that the whole encrypted money market was in the "speculative bubble". p>
in this week's report, UBS wrote: "we do not recommend customers to invest in bitcoin or short bitcoin. In principle, the irrational time of these markets is much longer than you can tolerate."
bitcoin cash is affected by the tightening of domestic policies, and its price will continue to be low, especially the two sessions and G20 summit in March, which will have a huge impact on bitcoin cash. If the policies are good, bitcoin cash will return to the high point, if the policies are bad, it will continue to shake the market.
It is suggested that you visit the fire coin website to learn about the real-time market and trading situation of bitcoin. The figure below shows the real-time market of bitcoin app. At 09:42 on June 11, the real-time price of bitcoin is US $6729.66
if you have any other questions, please consult me and hope to help you. Thank you
of course, bitcoin cash has been forked once. The forked currency can be traded on microbit, and the price has plummeted a lot, which is basically negligible. This is also the case with most of the forked currencies
bitcoin cash has removed isolation verification, and currently supports 8m, which has great advantages in stability and handling charges.