It's not true about bitcoin

2. Bitcoin is a kind of tulip instry, which is supported by a group of people with faith. The daily rise and fall of bitcoin is 30%, which is extremely risky. In finance, most of the procts rise and fall about 0.2% to 1% every day. There is no investment with greater risk. It is recommended not to touch it

3.

At exchange: a few mistakes about bitcoin, do you know

bitcoin, in a way never seen before, has an impact on the field of financial services. Whether in a bear market or a bull market, it has always been an old topic

because the underlying technology of bitcoin has been blockchain for ten years, and the technology content is high, many people do not understand it well, thus forming many misunderstandings

misconception 1: bitcoin is too expensive, a few tens of thousands of yuan, just wait and see, too expensive to buy

in most people's cognition, bitcoin can only be bought whole, which isolates those who want to invest in bitcoin. But in fact, bitcoin is divisible, and the minimum transaction unit is 0.00000001. That is to say, you can buy bitcoin for 100 or 200 yuan

in the future, with the improvement of people's acceptance and recognition of bitcoin, as well as the expansion of application, the price of bitcoin will also rise

misconception 2: the government can not regulate, which is beyond the scope of legal jurisdiction

in the early days, bitcoin was the hard currency of the underground drug market, with a transaction volume of millions of dollars each time, and there was a black market nicknamed "Silk Road"

However, at the beginning of the emergence of new technologies, it is always difficult to have written laws to regulate them, such as the beginning of computer and network applications. But in the end, these new technologies will graally come under the jurisdiction of the law

at present, bitcoin trading has been regulated in the specific legal provisions of New York State and other states in the United States. In 2014, the IRS recognized bitcoin as taxable property, and the securities and Exchange Commission has recently carried out strong supervision on it, so it is absolutely a misunderstanding that bitcoin is not subject to legal constraints. China and Japan have also begun to actively write laws and regulations related to virtual currency

misconception 3: bitcoin mining is too difficult, mining machine is a waste of resources

bitcoin mining is an energy intensive process. Because of its decentralized nature, no one knows the exact amount of electricity consumed by this process, but at any given moment, it could be billions of watts, roughly equivalent to the output of large-scale power stations such as the Hoover Dam

However, if we compare these with the management cost of currency, we can see some problems. Although the current currency does not seem to consume much energy, the cost of protection is not taken into account. For example, the security personnel employed by the bank usually just look at the customers and "waste" a lot of money and manpower, not to mention the towering buildings of the bank and the huge price paid for the safe payment system. However, if there is no security system, theft will damage the entire financial system, so this operation mode is not a waste

misconception 4: users of bitcoin are anonymous, and law enforcement agencies are traceless.

Nakamoto Tsung, the founder of bitcoin, claims that bitcoin can protect users' privacy, because most bitcoin software will create a unique pseudonym for each trader; Because of its anonymity, outsiders can not easily grasp the identity of donors

in fact, most users will leave a written record when they trade bitcoin in exchange for legal currency, and the user's identity is recorded in the transaction service with good reputation. Therefore, if the law enforcement agencies really want to trace, there are traces to follow

to sum up, bitcoin is a digital currency based on blockchain technology. As an emerging technology, it has unlimited application potential. This kind of decentralized application without government credit endorsement may achieve information transparency, security and efficiency. However, hacker attacks occur frequently. It seems that only when technology progress and supervision are in place can blockchain technology be applied globally and truly convenient to all aspects of life

4.

1. Bitcoin's long-term investors are turning into short-term investors

2. The transfer of wealth is behind the soaring price

3. Most of the transactions of bitcoin come from exchanges, and a large number of them are used in the real economy

4

Banks are not willing to cooperate with cryptocurrency companies and exchanges, and many operations are compliant

extended information:

purchase method:

users can buy bitcoin, at the same time, they can also use the computer to "mine" bitcoin according to the algorithm. When users "mine" bitcoin, they need to search for 64 bit numbers by computer

and then, by repeatedly solving mysteries, compete with other gold miners to provide the required numbers for the bitcoin network. If the user's computer successfully creates a set of numbers, it will get 25 bitcoins

e to the decentralized programming adopted by the bitcoin system, only 25 bitcoins can be obtained every 10 minutes, and by 2140, the maximum number of bitcoins in circulation will reach 21 million. In other words, bitcoin system is able to achieve self-sufficiency, resist inflation through coding, and prevent others from destroying these codes

5. The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency.

6. Bitcoin is a kind of virtual digital encryption. When it was born, it must write rules: the total number is 21 million, the more difficult it is to dig,

7. In fact, bitcoin is just a kind of data, calculated by a special algorithm. It can be calculated with GPU. So the higher the graphics card configuration, the more the number, the more bitcoin you get in the same time!