Total market value of BTC in December 17
Based on these two situations, price fluctuation seems to occur within 18 months after each halving. However, the data is still insufficient for proper analysis and price forecasting model
Will history repeat itself< p> It is important to note that in terms of the number of bitcoin holders, market value, regulations and the overall outlook for cryptocurrency, there are huge differences between 2012, 2016 and 2020. For example:market value: November 2016 - & gt; $11 billion, December 2019 - $132 billion
daily trading volume: November 2016 - & gt; 84 million US dollars, December 2019 - 17 billion US dollars
e to the increased public awareness of bitcoin and the interest of institutional investors, the risk is higher this time. Although many other cryptocurrencies have been introced since 2016, BTC's dominant position is still 66.6%. As a result, the bitcoin miner is unlikely to switch to other coins, which means that halving may have a long-term impact on bitcoin prices
However, the main gain is that there is a certain correlation between the halving of bitcoin reward and the price fluctuation after the event. These supply changes happen every four years, and it's interesting to watch their impact on the price of the bitcoin1. First, unlock your Samsung mobile phone, and then turn on enjoy Qiancheng in the desktop, as shown in the figure below
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
extended data:
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
If you use three words to describe the latest bitcoin, it can only be three words & quot; It's going crazy;. On February 19, the price of bitcoin reached a high of US $56000, with a total market value of US $1 trillion{ RRRRR}
coupled with the global popularity and high liquidity of bitcoin, long-term holders believe that bitcoin is an ideal medium for long-term wealth storage and will appreciate over time
how does bitcoin work? In the bitcoin system, the way money drives is not the digital transfer of cash that most people imagine. When Alice remits money to Bob, Alice's process is like recording on the account book that everyone sees that she transferred $1 to Bob. If Carol wants to charge Bob a dollar, she can see from the same ledger that Bob does have a dollar
BTC means bitcoin
The essential value of any kind of currency is that it can be used as the value scale to measure other things and has stability. The virtual currency here is not game currency, but a digital cryptocurrency like bitcoin. The bottom layer uses blockchain technology, which has the characteristics of decentralization, information tampering and anonymity. At present, cryptocurrency headed by bitcoin can not bear the property of currency. It is not fair to conclude that there is no value
a consensus has been reached in the currency circle by default, that is, bitcoin is similar to diamonds in the real world. The value of diamonds is given by businessmen, and it has been agreed that diamonds can symbolize love and have practical properties. Mining diamonds and gold also need to consume a lot of costs, but it is because a lot of costs are consumed that the constant intrinsic value of diamonds and gold can be ensured. The resources that can be obtained casually are prone to inflation< br />
The fall in 2018 makes investors return to rationality, which is actually concive to the standardized development of the currency circle. Now, regardless of the practical value of digital currency, this capital harvest makes investors further understand the importance of risk management. Money circle and Internet Finance allow investors to see that they are profitable, so they don't have to think about investing in it. It is ultimately their own loss. Whether this bear market can make investors understand the essence of money circle is still unknown. However, the future development of the coin circle still needs government regulation, as well as the regular operation of platforms and projects. Of course, only with the support of capital can the coin circle develop healthily and systematically. Therefore, capital outflow is the biggest reason for bitcoin's sharp decline.
1. BTC: chemical vocabulary
BTC is the abbreviation of (Trichloromethyl) carbonate. It is the abbreviation of a chemical substance, mainly composed of carbon, chlorine and oxygen. The chemical formula is c3cl6o3, which can be used as the substitute proct of highly toxic phosgene and diphosgene in the synthesis
BTC: enterprise abbreviationBTC refers to BTC Yingqun enterprise from Taiwan, China, which is a large-scale high-tech enterprise developing and procing keyboard, mouse and recorder. BTC is famous for procing high-quality computer peripherals. BTC is the OEM keyboard and add-on card proced by famous brand EMPREX, ranking first in Taiwan, especially the third in the world
BTC: the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was formally 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 BTC: engineering materialBTC (buttress thread coupling), full name of partial trapezoidal thread coupling, is an API standard thread connection type, which is commonly used in the connection of petrochemical pipes or tools, such as floating collar, guide shoe and pipe shoe used in cementing operation
5, BTC: e-commerce mode
BTC (business to customer) e-commerce is one of the categories of e-commerce by trading partners, that is, e-commerce of commercial institutions to consumers. This form of e-commerce is generally based on the network retail instry, mainly with the help of the Internet to carry out online sales activities. BTC is also known as B2C, B2C mode is the earliest e-commerce mode in China
as you can understand it, it's like the stock of these technology service providers. As these technologies become more and more widely used, these virtual coins will become more and more valuable
bitcoin, which appeared in 2009, is the first kind of virtual currency in the world. It is also the first time that it has applied the blockchain technology which is popular all over the world
after bitcoin, there are many imitators in the market. They either improved on the basis of bitcoin, or put forward more grand technical ideas than bitcoin. Virtual currency, which is common in other markets and considered as "regular army" by instry insiders, is collectively referred to as competitive currency. Together with bitcoin, it forms the whole digital currency market, with a total market value of nearly 100 billion US dollars
there are thousands of virtual currencies in the market, most of which are risky; In addition, there are many MLM coins that are simply for the purpose of deceiving people< In order to help you avoid being cheated, the following is a brief introction to the main "regular army":
1. Bitcoin (BTC)
bitcoin is the first virtual currency in the world, with a total of 21 million. At present, more than 16 million bitcoins have been "g up", with a total market value of about US $45 billion, equivalent to half of the total market value of all virtual coins. It is well deserved to be the number one in the coin circle
bitcoin has been accepted as payment currency by hundreds of thousands of businesses around the world; In addition, bitcoin has also become a common money raising currency in various blockchain technology startups. Therefore, with the increasing demand for bitcoin, the value of bitcoin is likely to grow in the long run
2. Eth is regarded as "bitcoin version 2.0" and is the most likely competitor to surpass the market value of bitcoin. Some time ago, the market value of bitcoin was close to that of bitcoin. However, e to the price rection in the recent month, the market value of bitcoin is only about half of that of bitcoin
Ethernet coin was born in the summer of 2014. It is issued on the Ethereum blockchain, which is different from bitcoin. Ethereum blockchain is a decentralized application platform, which solves the problems of bitcoin's technical limitation in currency application and insufficient function expansion, so it has great technical advantages
3. Bitcash (BCH)
BCH inherits a small part of bitcoin's legacy, the name of bitcoin's cash is also good, and the image logo also inherits a part of bitcoin. The ecology of BCH is also good
BCH pursues to be a world currency and an underlying platform for chain application. BCH is actively deploying the main chain expansion and developing the two-tier network to realize the ideal
the whole ecology should be made efforts from two aspects. The first direction is the expansion of the main chain, payment experience and function improvement. Capacity expansion is the guarantee to keep the certainty of monetary transaction fees very low. Improving the payment experience, including popularizing zero confirmation, pre consensus, and possibly shortening block time, are all evolving towards a better payment experience. The main chain function is perfect, including Op_ Return expansion, token issuance, new opcode addition
with the expansion of BCH main chain function, BCH based applications can be developed. The most famous are the decentralized microblog like memo, the paid download seed application like joystream, and the decentralized encrypted communication like Keyport
the second direction is to develop layer-2 network. Build a new blockchain based on BCH network, such as wormhole and kenoken, which are similar to Ethereum network based on BCH. BCH undertakes more complex block chain functions, such as notification contract, through two-layer network. The competition direction of BCH layer 2 network is to compete with the side chain of BTC
4. Lightning bitcoin (LBTC)
bitcoin has been developing for 10 years. In this decade, bitcoin has experienced three important splits, and now it has become four kinds of currencies. The first is BTC, which has inherited most of bitcoin's heritage; The second is BCH; The third is BSV and the fourth is LBTC
LBTC was born to break the power monopoly of big miner and bitcoin core bitcoin, introce more new features and functions for bitcoin, and greatly improve its performance. Lightning bitcoin (LBTC) is a peer-to-peer e-cash system, which is an innovative experiment based on bitcoin. It uses the dpos consensus mechanism based on utxo to separate the voting right and accounting right, so that the token will not be kidnapped by any party. It is a global value Internet transmission protocol with high speed, low handling charge and high scalability. Due to the adoption of dpos consensus mechanism, users can participate without professional mining machines, achieving real decentralization
the above four are the most mainstream bifurcated versions of bitcoin protocol. They are also investment procts that can realize your desire of soaring wealth. Senior managers can play with them, but the premise is that you need to be prepared for huge losses - because they are very volatile
for Xiao, I would like to say: Although virtual currency is a secret weapon for ordinary people to counter attack the sudden wealth, it's very difficult for you to make a lot of money from it
in addition, at present, the price of virtual bitcoin is at a high level, and it can not be ruled out that it will mainly be sideways in 2019. At this time, I think it is a good choice to some other mainstream bifurcation currencies, such as BCH, BSV and LBTC.
webpage links
fluctuate from time to time. It is suggested that you should be more accurate on the website. Generally speaking, more than $7000
please accept