Bitcoin advanced

1. The first, the most common and the most popular way for bitcoin participants to choose, is to choose a trading platform. Now the trading platform, with the strengthening of supervision, all need the real name system. Generally speaking, it's better to choose a larger and influential trading platform. On the one hand, it's more secure and reliable. On the other hand, it's more currency, active trading and good liquidity. When the platform is selected, the first step is to register. Generally speaking, it needs telephone registration or email registration. After registration, it requires the real name system. The ID card and the corresponding bank card go to the real name system. This is just the general real name system. If there is no real name system, most platforms are restricted from trading. In the general real name system, there are also restrictions on the amount of money, and there are restrictions on the daily withdrawal of money or cash. If you want to improve the amount of money, you need advanced authentication. Advanced authentication generally requires video authentication, handheld ID card, etc. After the end of advanced authentication, the permissions will be much better. At this time, you can exchange legal currency and virtual currency with other traders through legal currency trading in the platform. At present, domestic platforms do not provide direct recharging of legal currency, but provide mutual exchange of legal currency and bitcoin among different traders to achieve the goal of recharging. This is the C2C end of the transaction, the platform is only to provide security and exchange channels. Through C2C terminal transactions, legal currency can be changed into different virtual currencies in personal accounts. However, there are not many kinds of virtual currencies that can be changed, such as bitcoin. With these currencies, you can buy and sell multiple currencies through currency transactions on the platform. This kind of trade way is the trade way that most players choose
the second way of transaction is completely private transaction. First, the two sides of the transaction contact each other, and then the seller in the trader transfers the virtual currency such as bitcoin to the buyer's wallet directly through the wallet such as bitcoin. At the same time, the buyer gives the seller the money needed by the exchange or other virtual currency of equal value. Here, the price traders can communicate with themselves, which saves the trouble of platform registration
compared with the two methods, the trading platform needs to be registered and the real name system is adopted. For users who are afraid of trouble and unwilling to trade in real name, they are more inclined to choose private trading. Moreover, the service charge required by the platform exchange is actually very high. These are the factors that some people choose to trade in private. However, private transactions also have many disadvantages. One is the uncertainty of the transaction. If the two parties do not meet for the transaction, there may be the risk that one party will pay and the other party will run away. Even if they meet and trade, there may be something similar to stealing bitcoin directly or transferring bitcoin into their own hands through threats. Another is that the liquidity is not strong, and it is not necessarily possible to find a private trading partner at any time. However, private transactions sometimes appear in the hands of large investors, and millions of transactions may be directly traded in private. At this time, transactions may be based on long-term cooperation and trust
I used to make bitcoin, and I lost half of it at once. It's not online or offline, and the risk is very high. It's better not to touch virtual currency, which is not recognized by China

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 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

extended data:

bitcoin network generates new bitcoin through "mining". In essence, the so-called "mining" is to use computers to solve a complex mathematical problem to ensure the consistency of bitcoin network distributed accounting system

to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start

the bitcoin network is robust, but the bitcoin trading platform is fragile. Trading platform is usually a website, which will be attacked by hackers or shut down by competent authorities

3.

Bitcoin, English name bitcoin, is a digital currency based on blockchain technology, which is composed of a series of computer-generated complex codes. Like RMB's ￥ and US dollar's $, bitcoin has its own symbol, the "B" in the figure below

The inventor of

bitcoin is Nakamoto. Satoshi Nakamoto is the creator of bitcoin protocol and its related software bitcoin QT. In 2008, he published a paper called "bitcoin: a peer-to-peer electronic cash system", describing an electronic currency and its algorithm that he called "bitcoin"

In 2009, he released the first bitcoin software and officially launched the bitcoin financial system

In 2010, he graally faded out and handed over the project to other members of the bitcoin community

Nakamoto is believed to hold about one million bitcoins. If the price of each bitcoin was $2W, it was worth $20 billion at one time. So far, his true identity is still unknown to the outside world, that is to say, no one knows who Nakamoto is

bitcoin appeared after the global financial crisis in 2008. In fact, before that, many people have tried electronic currency, digital currency and virtual currency, but they have not succeeded. There are not only technical reasons, but also social environment and economic background reasons. To some extent, it was the 2008 financial crisis that gave birth to bitcoin

4. Bitcoin used to be synonymous with overnight wealth. In 2017, bitcoin had a record high price, with the highest value of about $20000
according to the data of coindesk digital currency trading platform, the price of bitcoin once fell below US $6000 in 18 years, which has dropped by 70% compared with the highest value of US $20000 in 2017

"the price movements we are seeing now may seem drastic, but they are quite normal for this market." Etiro's senior market analyst, MATI Greenspan, wrote in an email to CNBC

with the decline of bitcoin, most digital currencies are affected, and other digital currencies are not much better. Most digital currencies are down by more than 10%. But in the long run, the future of digital currency is worth looking forward to.

5. Bitcoin is BTC and eth is Ethereum
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
Ethereum is an open source public blockchain platform with smart contract function, which provides decentralized Ethereum virtual machine to process point-to-point contract through its special cryptocurrency ether (ETH)

warm tips:
1. The above information is for reference only, without any suggestions
2. According to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to the regulation of digital currency in China, investors have the freedom to participate in digital currency transactions at their own risk
response time: February 1, 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

6. Not only are gold and bitcoin irrelevant, they even represent different asset classes. You can't compare bitcoin and gold as apples and oranges
Shelley Goldberg, a well-known investment consultant working for brevan Howard asset management and Roubini global economics, believes that as an analogy, it is like soybean futures and Intel stock. Many people may think that gold and bitcoin are both currencies because they can be used to buy goods and services. Or, both are commodities, because trading commodity futures needs to meet the minimum standards of account opening funds, and comply with the relevant futures and option contracts. But gold is a commodity, bitcoin and blockchain are technologies
in what unit are abstract things measured
Stefan Weiler, vice president of goldmoney, a global financial services and technology company, believes that gold is real and has physical and measurable natural advantages, rather than abstract man-made money, including fiat money. Therefore, gold has measurable mass and weight to determine its unit (gram, Troy, ounces, etc.). But bitcoin doesn't have this feature. Weiler pointed out that "abstract things can only be measured in their own units.". So the bitcoin value of "weighing" is literally not comparable to the value of gold
Stefan has worked in the world's top financial institutions for more than 10 years. He was senior director of commodity strategy at Goldman Sachs and research director of commodity hedge fund BBL commodities. In 2014, the hedge fund gained 51.3% return and won the title of "new fund of the year"
Weiler explains this problem by comparing the units between bitcoin and gold:
when comparing the units of gold and bitcoin, we must first define which unit to measure, gram... Kilogram... Or ton? Or ounces? Weiler uses the market capitalization of the two companies (apple (NASDAQ: AAPL) and seaboard (nysemkt: SEB) as a metaphor to illustrate how unit size / amount distorts the price: comparing the price of a unit of bitcoin and an ounce of gold is a bit like comparing seaboard's shares (US $4179 per share) with Apple's shares (US $116 per share), and concludes that, Seaboard's market value is about 35 times that of apple. Considering only the stock prices of the two companies without considering the shares (i.e. units) issued, it is obviously not enough. Weiler believes that a similar situation will occur when comparing gold and bitcoin
neither is money
by definition, money is a widely accepted means of payment as a medium of exchange. The classification of gold as a commodity currency goes back a lot to the early days of capitalism, when people could trade gold for cattle. But this model doesn't work because gold is often in short supply. Gold is a tradable tool and asset-backed currency, because it can be exchanged for a certain amount of US dollars, but if you take the gold nugget to the grocery store to buy something, the grocery store will not sell it to you. Unless we go back to the Bretton Woods system when gold was fixed against the US dollar, gold is not directly linked to any currency
there is no doubt that bitcoin is becoming an acceptable means of payment both offline and online, such as offline stores, home depot and online transactions, such as expedia.com, which are also accepted by many countries, such as Estonia and Denmark. But it is still not widely accepted around the world
money is national legal, which means that each Congress uses it in monetary policy. The Fed can print as many dollars as it can to stimulate the economy. At present, more than 50 banking organizations in the world have joined the R3 blockchain alliance, but bitcoin does not rely on the government, banks and other third parties
unlike money, both gold and bitcoin are in limited supply. The gold supply of the earth depends on the underground reserves, and the creation limit of bitcoin is 21 million
Goldberg believes that although the value of bitcoin exceeds that of gold for the first time, there is no comparability between bitcoin and gold
the two are not irreplaceable
gold was first used around 700 BC, and after that, nothing with the same properties as gold has been found or created. Metallurgists have made alloys that look and feel like gold, but they are not gold because they do not meet physical delivery standards. Bitcoin, on the other hand, has numerous alternatives, because countless "altcoin" cryptocurrencies have sprung up to challenge it, such as Ethernet, which follows Casper rules
according to cryptocoincharts, the market value of 3694 cryptocurrencies has reached 27.8 billion US dollars. Of course, bitcoin has an overwhelming market share, but who knows what other cryptocurrency popularization or some technology will challenge and destroy the current market in the future. Not long ago, many bitcoins were stolen from Mt. GOx exchange. Last summer, a project using blockchain technology was hacked and lost millions of dollars. So there is still room for improvement
gold is a commodity, but bitcoin is not. Gold is a basic commodity or hard asset that can be used in business, and it can be used as a material to proce other commodities. People can also use gold for physical delivery and then make it into some other form for use. Although bitcoin is storable, it is not physical and cannot be held, felt or transferred. " Goldberg said
are bitcoin and gold risk averse
for centuries, gold has been regarded as a safe haven asset or used as a hedge against inflation, but this attribute is not permanent, because there are many alternatives, such as the Swiss franc and tips. Bitcoin is different. In fact, China's three largest bitcoin exchanges recently stopped withdrawing money under pressure from the people's Bank of China for fear that bitcoin would be used to transfer money abroad. Bitcoin has not experienced inflation since its birth, so its anti inflation property has not been verified< However, they are similar. Shelley Goldberg believes that bitcoin and gold are rare, their prices may be volatile, and each serves as an alternative investment to those lacking confidence in legal tender and monetary policy. Bitcoin trading is not as easy as gold, because people have to buy bitcoin through online trading platforms or invest in over-the-counter bitcoin trusts. There may be a bitcoin ETF in the near future, as the US Securities and Exchange Commission is considering a proposal to launch an exchange traded fund backed by bitcoin. A final decision will be made by this Saturday
on February 14, SEC officials met with brother Tyler Winklevoss and brother Cameron Winklevoss, advocates of bitcoin ETF, to discuss the above proposal. The market expects that once bitcoin ETF is listed, it will attract a large amount of capital investment, reaching at least $300 million. With this development, bitcoin will become an easier trade
cryptocurrency supporters believe that bitcoin is the medium of exchange and storage value in the future. However, the volatility of bitcoin is a problem when only the downlink deviation is measured instead of the standard deviation& quot; This method better shows the risks of bitcoin becoming a widely used currency, "Weiler said

in his analysis, Weiler believes that "the volatility of bitcoin is significantly higher than that of gold and currency
Weiler believes that although bitcoin's short-term performance is impressive, it still has serious limitations in terms of utility and savings compared with gold and precious metals. At the same time, Shelley Goldberg also believes that the relative value of bitcoin is basically nothing except speculation. In addition to the expectation that trump will relax the financial regulatory environment in the United States, China, India, Venezuela and other countries have tightened the supervision of bitcoin. Therefore, with the currency instability in emerging markets, the uncertainty of Trump's policy and the expectation of stock market adjustment, there are still good reasons to buy gold.

7. According to the regulatory requirements of the higher authorities, and in order to protect the property rights and interests of users and platforms, if there is a risk in withdrawing money, advanced authentication is required, which will bring inconvenience to users. We still need to understand this. Okcoin, thank you for your support. If you have any questions, please feel free to contact the 24-hour customer service at 4006609037