BTC will arrive
the central bank recently stayed in the three major bitcoin trading platforms in China mainly to cool bitcoin, because the price of bitcoin has fluctuated greatly recently. Leverage, financing and currency have long been criticized in China. This investigation is expected
the central bank's investigation of the three platforms will affect all digital currencies, but it has little impact on the digital currencies on the coin Ying China platform, all of which are mortgaged by real assets.
there are many unsuccessful currencies in history, such as the Deutschmark in the Weimar Republic and, more recently, the Zimbabwean dollar. Although previous currency failures were usually e to over inflation that could not happen on bitcoin, there were always potential technical errors, currency competition and political problems. The basic lesson is that no currency can be considered absolutely safe from failure or difficult times. Bitcoin has been proven reliable for several years since its birth, and it has great potential to continue to grow. But no one can predict the future of bitcoin< The rapid rise in price of BR />
does not constitute a bubble. Artificial overestimation will lead to a sudden downward revision, which will form a bubble. The price fluctuation of bitcoin caused by the indivial behavior of thousands of market participants is the result of the market determining the price. From the emotional point of view, the reasons for price changes include: the loss of confidence in bitcoin, the huge difference between price and value not based on the fundamentals of bitcoin economy, more and more news reports stimulating speculative demand, fear of uncertainty, and outdated irrational prosperity and greed.
finally, we get the following relationship between bitcoin price and number of users, which is the logical relationship. It is a kind of equation to describe the relationship between the number of species and time in biology, so the title of the paper is "bitcoin spreads like a virus"
the study also found that this relationship is not accidental, but there is a law behind it, which is Metcalfe's law
Metcalfe's law
in the 1980s, Robert Metcalfe, the inventor of Ethereum, proposed a method to evaluate the value of the Internet. He believes that the value of the network is directly proportional to the square of the network nodes (users). This is the so-called "network effect". The more users, the greater the value of the network
in a network with n users, the number of links between each user and other users is n (n-1) / 2. When n is large, n (n-1) / 2 is about n & # 178;. In this way, Metcalfe's law takes the following form: network value equals the constant c times the square of n
However, if n grows linearly with time, the network value will grow exponentially with time, and there is no boundary, which is obviously not in line with the reality. Therefore, in 2013, Metcalfe revised that n should be logistic growth, which is known as "s" growththis rule is not only applicable to bitcoin, Peterson also studied the price change of Facebook over time, and found that the price of Facebook also applies to Metcalfe's law
is bitcoin similar to gold,
will gold threaten China's security?
remember today, August 11, 2018, bitcoin is $6100
I believe
bitcoin will rise to more than $10000 this year and more than $100000 in the future
as soon as we enter the currency circle, the world is changing
in the process of chatting and laughing, Bitai is more than drunk in life

