Bitcoin and other mainstream currencies
In terms of technological innovation, people who know blockchain are very supportive; About the future trend of bitcoin, as the earliest blockchain proct, it has been basically in the market. As for how big a pie there will be in the future, you can see my share
[John McPhee, the head of IBM and the board of directors of PayPal all predict that bitcoin will reach $1 million]
in recent days, the market has slowed down temporarily. However, this has not deterred investors. As previously reported, although some bearish pressure is forming, bulls have responded well and kept prices stable
since bitcoin failed to break through $5450, bitcoin bulls have kept the price above $5000. Recently, after a stable weekend, there was almost no report on the price trend, and the market rose appropriately. Now all attention is turning to $5200 as the next key target, and finally retesting the resistance level of $5450
as of April 15, the marginal revenue of bitcoin was less than 2%, and the transaction price was $5160. Earlier in the day, it had risen to a high of $5193, but failed to reach the target of $5200
Then bitcoin fell back to US $5157. The high degree of stability and flexibility that bulls maintain and push prices up shows how strong the current bull market is. As long as bitcoin can remain above $5000 and avoid a sharp correction, the bullish trend will continue to get more support and push prices higherthe price of bitcoin (BTC) will reach $1 million
a few weeks after PayPal first invested in blockchain technology, its latest board of directors made a bold price forecast for bitcoin. Wences Casares, a member of PayPal's board, said bitcoin could reach $1 million in the next 10 years. IBM blockchain & amp; Jesse Lund and John McAfee, directors of digital currency, have also made such predictions, which many believe are overconfident
in my (subjective) opinion, the chance of success is at least 50%. If bitcoin really succeeds, a bitcoin could be worth more than $1 million in seven to 10 years
the growth of bitcoin has driven Shanzhai coin
with the rise of bitcoin, most Shanzhai coins are also rising. Although the income is relatively low, most Shanzhai coins have about 1% to 4% income, but this growth is likely to continue
before the deadline, lightcoin's LTC was one of the best performing currencies. In the past few weeks, the performance of this coin has been extraordinary, which seems to determine the price trend of Shanzhai coin again
XRP and eth are also on the rise, but the marginal returns are 0.30% and 1.26% respectively. XRP's short-term goal is to return above $0.33, and its long-term goal is above $0.4. On the other hand, ETH hopes to climb back to more than $170, becoming its next target, and its preferred position is more than $190
Bitcoin is a fixed amount of digital currency issued without the participation of the central bank. Bitcoin is built on the global P2P network, and countless P2P nodes all over the world are maintaining bitcoin's network 24 hours a day
bitcoin will become the world currency
the reasons are as follows:
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Germany has recognized bitcoin as currency
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the U.S. Court has also recognized bitcoin as currency
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the answer on the first floor obviously does not understand the essence of currency. Today's currency is credit currency (what is credit currency? You can network), and credit currency is supported by credit, not gold. The gold standard collapsed after Bretton Woods. At present, the mainstream world currency is not backed by gold
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bitcoin is a kind of credit currency, which is based on people's trust in bitcoin algorithm. The credit of real bitcoin is based on the P2P system mechanism of bitcoin
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from shells used in ancient times to gold and silver, to paper money used now, to digital currency (the money on the bank card can be understood as digital currency), and then to bitcoin. This is clearly the evolution of money
to sum up, bitcoin is the future currency and the future world currency
Thank you
bitcoin is an Internet virtual asset . The central bank defines bitcoin as an Internet virtual commodity
bitcoin is a consensus network, which promotes a new payment system and a fully digital currency. It is the first decentralized peer-to-peer payment network, which is controlled by its users without a central management organization or middleman. From the user's point of view, bitcoin is much like Internet cash. Bitcoin can also be regarded as the most outstanding three style bookkeeping system. This is the consensus of the bitcoin circle, but it has not been recognized by the mainstream society< br />
Bitcoin staged a roller coaster market, the supervision was tightened, some mining "retail investors" and small mine owners left, and some big mine owners returned with extra money, and some moved overseas
"we will still choose to move overseas, but the specific country or region has not been determined." Senior miner Xiaojiu (pseudonym) said, "this has become a trend. Domestic mines with a slightly larger scale are more or less considering this issue."
on January 2, the leading group of Internet financial risk special rectification office issued a document, requiring all localities to guide enterprises within their jurisdiction to withdraw from "mining" business in an orderly manner, and regularly report the work progress. It is also reported that the leading group for the special rectification of Internet financial risks in Ordos City issued the notice on guiding the virtual currency "mining" enterprises in our district to exit in an orderly manner
"although these requirements should be aimed at large-scale mines all over the country, they also ring an alarm for the self-employed and small mine owners with a small number of mining machines." Lao Wu believes that "now the self-employed mining, it is not significant."
Lao Wu found that mining was not as easy as he thought. The two mining machines operate 24 hours a day, so far they have not been able to dig out a bitcoin< br />
In economics, the functions of money are divided into five categories: circulation means, value measure, payment means, storage means and world money. I will mainly analyze whether bitcoin has the property of full circulation by combining these five aspects
we all know about bitcoin, even if we haven't touched it. In 2017, bitcoin became popular again. The last time I vaguely remember it was 2013. In the second half of 2013, bitcoin rose from US $100 to the highest of more than 1100, more than 10 times. Such a rise killed all markets and attracted countless people to start panning for gold and become miners
briefly describe bitcoin. Bitcoin is a kind of "electronic currency", which is composed of a series of complex codes generated by a computer. New bitcoin is manufactured through preset programs. With the increase of the total amount of bitcoin, the speed of new coin manufacturing slows down. There is a strict constraint on bitcoin, that is, the maximum amount of bitcoin is only 21 million. Due to the 21 million restrictions, bitcoin has been used to fight against inflation. Since the 2008 financial crisis, central banks around the world have implemented extremely loose monetary policies in order to stimulate the economy. Throughout the next 5000 years, there has been no interest rate lower than those in recent years
In recent years, more and more countries, institutions and indivials have begun to accept this emerging currency. At the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as the "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as legal currency in Germany and can be used to pay taxes and engage in trade activities. In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulations. In China, the regulations on the administration of RMB prohibit the proction and sale of token tickets. Because there is no clear judicial interpretation of the definition of token ticket, if bitcoin is included in the "token ticket", the legal prospect of bitcoin in China is facing uncertainty, and there is still a long way to go for domestic acceptance of bitcointhe convenience and secrecy of circulation make bitcoin the best tool for money laundering, and many illegal transactions also begin to use bitcoin, which has become a major obstacle for bitcoin to become a full circulation currency
the two aspects of value scale and storage means are the hard wounds of bitcoin
first of all, the storage means, the attribute of bitcoin e-currency is that it can only exist in the computer hard disk and must rely on the Internet. The first problem is the Internet security. During this period, bitcoin blackmail virus broke out. A few years ago, someone mistakenly lost a hard disk and 7500 bitcoins, worth 50 million yuan at that time. For various reasons, people have to worry about whether bitcoin can have a safe storage property. Compared with the absolutely safe legal tender in the bank, bitcoin has great insecurity. In many cases, the storage method of bitcoin is far worse than that of gold. In extreme cases, only gold is the real currency
finally, there is the value scale. Bitcoin basically does not have the attribute of value scale. Bitcoin's main characteristic is limited supply, which determines that it can only be a non mainstream currency in the end. This characteristic is similar to gold. The gold standard is eventually abandoned by the whole world. The currency with limited supply can not keep up with the development of proctivity, and can only bring about deflation, which will seriously hinder economic development and eventually become a non mainstream variety. Moreover, the value of bitcoin itself is very unstable, and it is very easy to rise and fall sharply. In the macro economy, if a country's currency often rises and falls sharply, the unstable value of bitcoin can not be favored by people. As of today, the price of a bitcoin is 1800usd, and the market value of the whole market is 21 million bitcoins, which is 37.8 billion US dollars. A market with less than 40 billion US dollars is very easy to be manipulated by big funds. You can't even spend a little of 40 billion US dollars in the global foreign exchange market. The daily trading volume of the foreign exchange market is about 5 trillion US dollars. The small trading volume makes bitcoin a speculative thing. The CFTC defines bitcoin as a commodity rather than a currency. In recent years, most of the trading volume of bitcoin was created by Chinese people. It is generally acknowledged that Chinese people are fond of gambling. In addition, e to the domestic macro-economic reasons, they have been in the high-risk and low-income market environment, and capital control has led to a large amount of liquidity, so one by one, they are in a hot fire. So the current property of bitcoin is a trading target that can be used for speculation and money laundering
Kissinger once said: whoever controls the right to issue currency controls the worldI can't help but wonder: will global central banks be allowed to be challenged with such a core right as the right to issue money? In particular, the U.S. dollar is the core interest of the United States. All that the United States has done in its grand strategy is to keep the U.S. dollar as a global hegemonic currency. Throughout history, no one who challenges the U.S. dollar will come to a good end. Bitcoin's safety at present only shows that global central banks have not paid attention to it at all. They may have known that bitcoin can't be a currency for a long time. If Saudi Arabia announces that crude oil will be settled in bitcoin one day, when bitcoin is dried up by the United States and there is no resie left, it is OK for miners to speculate, but if they want to challenge the mainstream currency, it is the time of death
Bitcoin may be an attempt or experiment in human society, but I don't think it will become a currency, let alone a speculative commoditythe last warm tip: bitcoin trading has high risk and high return, so do not rush into this market