Why is bitcoin so cheap

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. 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.

4. As we all know, the price of any currency or commodity is determined by supply and demand. In our opinion, the first factor that affects the price of bitcoin is its limitation, whether in terms of quantity or proction time. The total amount of bitcoin has long been known - only 21 million. In addition, the time to create or mine available bitcoin is predictable, and the proction rate is declining. This factor has a positive impact on the currency and contributes to its growth. Digital currency trading platform "currency exchange"
the second factor is that the idea of bitcoin prices goes up to infinity: from $1000 to more than $1000000
the third factor is that bitcoin can be used as a payment system to transfer money from one account to another
the fourth factor is people's trust. In recent years, more and more people are interested in digital currency and tend to buy it. More and more enterprises and businesses accept bitcoin as a means of payment. This factor also contributes to the growth of bitcoin
the fifth factor is the recognition of bitcoin as a means of payment and invested by different governments. It is recognized and regulated by more and more laws, and has gained official status all over the world
the sixth factor to increase the price of bitcoin is that it is independent of the macroeconomic indicators of major countries in the world. The quality of national statistics will affect the fluctuation of domestic currency, but such news has little effect on the price of the bitcoin.

5. It's very common
for all the things traded, some people buy and some people sell, the number of people who buy will rise and the number of people who sell will fall
and the person who bought one minute before may want to sell one minute later, and the person who sold one minute before may want to buy one minute later
because who among the holders can accurately predict whether it will rise or fall
if you can predict that it will keep falling, why do you buy it? In fact, many retail investors are reluctant to cut their losses when they fall below the cost price. It is very common for them to drag on for two or three years
you should not think that you are smarter than others, even if you are willing to cut the meat, if you rebound immediately after cutting the meat, you will be slapped on both sides< In a word, no one can predict what will happen in two years.

6. Hello, teachers and classmates. The topic of my speech today is to gaze at the bright red national flag. The red national flag is rising and hunting in our gaze. She embodies the soul of the nation and inspires our spirit. Once upon a time, our nation and country suffered many humiliations and disasters for this flag. Under the situation that the weak country had no diplomacy and the weak were the prey of the jungle, the Qing Dynasty had no choice but to pull out the emperor's Dragon Robe and hang the flagpole, which was talked about as a laughing stock by the Western powers. The 17 star Wuchang Uprising flag announced the end of history and opened up a new world. However, after you sing, no flag can make the Chinese proud. But the Star Spangled Banner, the rice flag, the plaster flag and all kinds of tiger and wolf flags occupied our land, defiled the sky of our motherland and enslaved the suffering people. In Lao She's works, the students in the enemy occupied areas, forced by the bayonet behind them, hold up the enemy's flag to celebrate the victory of the enemy. What a sad and tragic scene! During the war years, the red flag called on the heroes and heroines to shed their blood. Fifteen year old Liu Hulan raised her hand and swore that she had no regrets; Jiangjie and her comrades in arms embroidered the five-star red flag with tears, and they were loyal; Tens of thousands of heroes held red flags, braved the hail of bullets, rushed to death, only covered with a simple red flag behind them. Today, the bright five-star red flag is flying everywhere in the blue sky of our motherland; In the international arena, the five-star red flag rises high; In front of the United Nations building, the five-star red flag flutters in the wind. This year, the five-star red flag will celebrate its 50th birthday, and it will also fly over Macao. The martyrs should smile and comfort when they look back. Holding the flag has its own successors. We are the cross century generation of flag bearers. The five-star red flag is the symbol of the motherland. No matter how changeable the situation may be, our attachment to the motherland will not change. If we face thousands of choices, we will not hesitate to embrace you. Use your voice of wind and rain as language; Write in your natural form; Skin color with your land; Take your five mountains as your skeleton; Choose your hard work as pain; Choose your happiness as happiness. Flag, our faith forever
responder: ccchhhjk - Magic apprentice level 1 9-25 18:05
promote patriotism, aspire to forge ahead for the country

patriotism is loyalty and love for the motherland. In the past dynasties, many people with lofty ideals have a strong concern for the country and the people. They take the state affairs as their own responsibility, go on and on, defend the motherland and care for the people's livelihood in the face of adversity. This valuable spirit has made the Chinese nation survive through adversity. The content of patriotism is very extensive. Loving the mountains and rivers of the motherland, loving the history of the nation, caring about the fate of the motherland, fighting bravely in times of crisis and dying for the motherland are all manifestations of patriotism. In the five thousand years of development of the Chinese nation, the Chinese nation has formed a great national spirit with patriotism as the core

it is precisely because of the deep love for the motherland that the instrious and intelligent Chinese people have jointly opened up a vast territory and created a splendid culture. Shouldering the task of realizing the great rejuvenation of the Chinese nation, we should love the great rivers and mountains of the motherland and actively safeguard the sovereignty, independence and territorial integrity of the motherland. Every inch of the territory of the motherland should not be lost or occupied by separatists; We should love the history and culture of the motherland, improve national self-esteem and self-confidence, and do our best to create a more brilliant national culture

today, China has entered a new historical period. China's accession to the WTO makes the relationship between China and other countries closer. Opportunities and challenges coexist. We will face more and more new situations and new problems. To promote the great cause of China's reform and opening up and speed up the process of socialist modernization, we need to carry forward the fine tradition of patriotism. Only in this way can the Chinese nation revive its vigour and make greater contributions to human civilization and progress

a country is prosperous when it is young and strong when it is young. We should adapt to the requirements of the development of the times, have a correct understanding of the history and reality of the motherland, enhance our patriotic feelings and the sense of responsibility for revitalizing the motherland, and establish national self-esteem and self-confidence; Carry forward the great spirit of the Chinese nation, hold high the banner of patriotism, forge ahead, self-improvement, hard work, tenacious struggle, and truly turn patriotism into a trip to serve the country. Today for the revitalization of China and study hard, tomorrow to create a brilliant future of the motherland to contribute their own strength!

7. In the transaction of bitcoin or other commodities, the price is determined by the buyer and the seller. Therefore, there are different prices for the same commodity in different places.

8.

It has been learned that wirecard, a German payment giant, has recently filed for bankruptcy e to financial fraud. Wirecard said in a statement that under the current circumstances, the company is unable to repay the 1.3bn euro debt e at the end of June and has to file for bankruptcy

surprisingly, on June 17, the company's market value was still as high as 12.85 billion euros (about 100 billion yuan). Later, financial fraud broke out, and the market value of 100 billion yuan was wiped out in less than 10 days. This is one of the biggest scandals in German business this year

Sun Zhengyi was not spared. In April 2019, Softbank invested in wirecard through the acquisition of its convertible bonds, with a transaction amount of 900 million euros (about 7.1 billion RMB). At that time, the company's fraud has begun to show up, but Sun Zhengyi still insists on betting, and now the investment is no doubt wasted

one after another, accidents happened to the invested enterprises. At the shareholders' meeting on June 25, sun Zhengyi reconsidered and admitted his mistake. At the same time, he announced that he would withdraw from the board of directors of Alibaba, which took effect immediately

extended data:

admits that 15 companies will go bankrupt

SUN Zhengyi once admitted that in the past year, 26 of 88 companies have their valuations increased, 47 have their valuations decreased, and about 15 of them will go bankrupt

in May this year, Softbank released its financial report for the fiscal year 2019 up to March 31 this year: the operating loss in 2019 reached 1.365 trillion yen. It was Softbank's first loss in 15 years and its worst since the company was founded

and the main culprit is its vision fund. According to the financial report, vision fund recorded an operating loss of 1.87 trillion yen (about US $17.5 billion) in 2019, which Softbank said was mainly e to the sharp decline in the fair value of Uber, Wework and their three affiliated companies

such achievements are difficult to satisfy the investors in the Middle East. The outside world began to worry about who was the next company to fall in sun Zhengyi's investment territory