The impact of bitcoin on real life
Publish: 2021-04-28 23:24:09
1. With the existence of Internet and blockchain, bitcoin will exist. It has existed for a long time, and people graally recognize and widely apply it to payment. Then, it can play a positive balancing role in world finance.
2. As a financial technology enthusiast, kuanke online Xiaobian, I think, there are several major factors to promote
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.
1, the short-term factors that determine the price: supply and demand and market sentiment
the relationship between supply and demand means that if the amount of money spent on buying bitcoin is more than that spent on selling bitcoin, the price of bitcoin will rise. If more people buy bitcoin, it will rise
market sentiment refers to the views of the market and the media on the price trend of bitcoin at that time. When many people strongly see bitcoin, the market sentiment is confident, and the price of bitcoin will rise rapidly. If the media makes pessimistic reports on the price of bitcoin, it will affect people's confidence and lead people to sell bitcoin, and the price of bitcoin will fall
2, the medium-term factors that determine the price: policy, news and mining cost
on the policy side, it is the policy attitude of governments towards bitcoin. For example, the recent crackdown and regulation of bitcoin by the South Korean government has led to a sharp drop in the price of bitcoin in the near future. If more and more countries support and encourage the development of bitcoin, the price of bitcoin will be higher and higher. On the contrary, if many countries begin to suppress bitcoin, the price of bitcoin will continue to fall
on the news side, there are some important things in the bitcoin instry. For example, around December, the two major stock exchanges in the United States launched bitcoin futures, which are good for bitcoin and directly push the price of bitcoin up to about $20000
mining cost is the cost of bitcoin miners using machines to dig out bitcoin. At present, the cost of digging out a bitcoin is about 12000 US dollars, so it is difficult for the price of bitcoin to fall below 12000 US dollars. Mining cost is the bottom line of bitcoin price. With the continuous increase of mining costs, the reason is that more competitors enter the mining field, especially many large institutions, companies and countries
3 determines the long-term price factors: the US dollar trend, the global bubble, the official digital currency, and the block chain technology.
the trend of the US dollar. According to the personal analysis data, the US dollar will weaken in the next few years, which means that the global monetary system with us dollar as the world currency in the past will be rebuilt. The rise and future of bitcoin is to assume the identity and mission of the world currency
global bubble. Since the United States abolished the gold standard Bretton Woods system in 70s, many countries in the United States have been printing banknote printing machines. The bubble of currency has caused the global economic bubble and asset bubble. The global economic crisis triggered by the US subprime mortgage crisis in 2008 is the crisis triggered by the currency bubble. At present, the global economic bubble and asset bubble have reached the critical point of collapse. The birth of bitcoin was e to the reason of the currency bubble, which made people no longer believe in the currency of national credit, and began to believe and recognize bitcoin.
official digital currency, countries around the world have begun to prepare to issue official digital currency, that is, digital currency issued by countries. Venezuela has issued a national level digital currency - Petroleum currency. Israel is preparing to issue it, Russia is also preparing to issue it, and the Japanese government is issuing it. 2018 will become the first year of the global official digital currency. The accelerated launch of official digital currency and its increasing popularity show that the value of bitcoin as internet currency is unlimited.
3. Bitcoin is the so-called "cryptocurrency", which is a digital asset in the form of data. Your money in the bank may also be a bunch of numbers, but these numbers are equivalent to real money. Bitcoin is not. In the world of bitcoin, there is neither a central bank to manage nor an inherent legal framework. Because of this, the value of bitcoin is entirely determined by the market, which is currently very hot
bitcoin is stored in a digital wallet. You can store it on your local hard disk or mobile phone, or in a variety of online bitcoin exchanges. Keeping bitcoin locally is like hiding money under a mattress. If something goes wrong with your digital wallet, your money will be gone
to remit or collect money, you need to point your bitcoin client or network exchange to a bitcoin address, which is the address of every wallet. After a few minutes, bitcoin will generally leave your wallet and enter the other person's wallet. There are few sites that accept bitcoin, but there are a few. It's more difficult to use bitcoin in real life, but it can be achieved through some systems
what is the impact of bitcoin on the economy
despite all kinds of problems, the soaring price of bitcoin is partly e to more and more people using it. Bitcoin fans believe in its future. Ordinary people are also graally interested in cryptocurrency, but because it is too complex, it is difficult to popularize in the mass market. If it is really popular, the fluctuation of bitcoin's value will lead to greater turbulence in the global economy
if you bought $1000 bitcoin in 2010, it's worth about $35 million now. But if you buy $1000 bitcoin in early 2014, you'll only have a quarter of your purchasing power a year later. How would you feel if you paid with bitcoin and found that you could only buy half of what you had a few days ago
this kind of inflation is unstable, but if it is used in parallel with the government supported currency, bitcoin does have some advantages. Few people will exchange all their assets for bitcoin.
bitcoin is stored in a digital wallet. You can store it on your local hard disk or mobile phone, or in a variety of online bitcoin exchanges. Keeping bitcoin locally is like hiding money under a mattress. If something goes wrong with your digital wallet, your money will be gone
to remit or collect money, you need to point your bitcoin client or network exchange to a bitcoin address, which is the address of every wallet. After a few minutes, bitcoin will generally leave your wallet and enter the other person's wallet. There are few sites that accept bitcoin, but there are a few. It's more difficult to use bitcoin in real life, but it can be achieved through some systems
what is the impact of bitcoin on the economy
despite all kinds of problems, the soaring price of bitcoin is partly e to more and more people using it. Bitcoin fans believe in its future. Ordinary people are also graally interested in cryptocurrency, but because it is too complex, it is difficult to popularize in the mass market. If it is really popular, the fluctuation of bitcoin's value will lead to greater turbulence in the global economy
if you bought $1000 bitcoin in 2010, it's worth about $35 million now. But if you buy $1000 bitcoin in early 2014, you'll only have a quarter of your purchasing power a year later. How would you feel if you paid with bitcoin and found that you could only buy half of what you had a few days ago
this kind of inflation is unstable, but if it is used in parallel with the government supported currency, bitcoin does have some advantages. Few people will exchange all their assets for bitcoin.
4. No impact, the CBRC clearly stipulates that financial institutions shall not participate in bitcoin transactions
5.
I think this is more serious than the loss, but it should have little impact on our real currency. Because the two are not related . The currency of the virtual world is a game created by capitalists in order to converge the wealth of people in the real world. But no matter how we ordinary people speculate, we can't change the fate of these capitalists. They often dominate the changes in the war situation, turning their hands into clouds and covering their hands with rain. But no matter what they do, it should have little impact on the real world currency, otherwise governments will not allow them to exist
Therefore, changes in the bitcoin market will not affect the value of our real currency or other aspects. Even if there is, the governments of various countries will also vigorously suppress and try to rece the impact in this regard, so we should relax our mind6. Bitcoin system mainly uses hash algorithm and asymmetric encryption algorithm in cryptography to ensure the security of the transaction: on the premise of the transaction information being open in the whole network, the one-way property of hash algorithm protects the privacy information of both sides of the transaction; Asymmetric encryption algorithm can ensure that your bitcoin will not be transferred to other people's pocket ring the transaction< In theory, these cryptography principles can guarantee the realization of bitcoin's basic functions as a "decentralized currency", but it has some problems:
the first problem is system security:
we say that in the world of bitcoin, all information is expressed in the form of code through hash operation
then, where there is code, there must be loopholes, which give hackers an opportunity to take advantage of
as early as 2010, shortly after the emergence of bitcoin, a hacker took advantage of the vulnerability of bitcoin's core software to create hundreds of billions of bitcoins. It's like a person mastering the banknote printing machine. It's terrible. Or, hackers directly hack into our computers and steal our private keys, which will also cause us heavy losses
the second problem is that the transaction processing speed is too slow:
in the bitcoin system, there are up to seven transactions per second, which obviously can not meet the normal transaction requirements. We need to know that Alipay, Taobao and WeChat can handle hundreds of thousands or even millions of transactions every second. A deal can only be processed in 1-2 seconds. If bitcoin is used for daily money, then we will pay 1-2 yuan to handle it successfully.
the third problem is that bitcoin mining consumes too much power: Mining requires professional mining machines, which have high computing power, but consume a huge amount of power. Moreover, according to the current market, it is difficult to recover the cost of buying a mining machine for a year. Therefore, some people doubt: what is the significance of consuming so much power to maintain a system with such slow trading speed
the fourth problem is the regulatory attitude:
at present, the attitude of various countries towards bitcoin is very polarized: the supporting countries and retail stores accept bitcoin for payment, and there are also bitcoin ATMs; Countries that don't support it will crack down on it
to sum up, if bitcoin is measured by a monetary system, it must have various shortcomings. However, we can not deny the brilliance of bitcoin: bitcoin represents not only a new set of "decentralized" currency system, but also the origin of blockchain technology and a new ideology, which has far-reaching influence
from the perspective of bitcoin's own function currency:
bitcoin is the largest digital currency so far. It is an important application in the era of blockchain 1.0 and the first application of blockchain. Under the premise of decentralization, bitcoin realizes the functions of digital currency in the stages of issuance, payment and circulation, which is a new means of payment
from the perspective of bitcoin's underlying technology, blockchain:
with the increasing attention of bitcoin, blockchain, as its underlying technology, is becoming more and more well known by the public. Blockchain has graally separated from digital currency and penetrated into many commercial fields. Different instries hope to apply bitcoin Technology to our real life, Through a variety of application scenarios, let us get a better experience
from the perspective of bitcoin ideology:
it has set off a great ideological storm. The "decentralization" and consensus mechanism of bitcoin is a new ideology in the current centralized society. Throughout history, whether the Renaissance or the enlightenment, these are all ideological changes under specific historical conditions. The popularization of these new ideas and new consciousness will take a long time to be accepted by all. In terms of the influence of bitcoin:
digital currency has been accepted and recognized by some national markets, resulting in a large number of digital currency trading platforms and the emergence of a large number of counterfeit currencies. These counterfeit currencies have further evolved into a new financing mode, writing the myth of sudden wealth, which has also led to the proliferation of cheating under the banner of digital currency, such as air currency and pyramid selling currency
in short, bitcoin has outlined a grand blueprint, that is, the currency in the future will no longer depend on the release of central banks, but on the global currency unification. However, from the current situation, the blockchain 1.0 era, represented by bitcoin, only meets the basic functions of digital currency and cannot be popularized to other instries
however, in a word, bitcoin: there are shortcomings in the United States and China, and it is hard to cover up the edge.
the first problem is system security:
we say that in the world of bitcoin, all information is expressed in the form of code through hash operation
then, where there is code, there must be loopholes, which give hackers an opportunity to take advantage of
as early as 2010, shortly after the emergence of bitcoin, a hacker took advantage of the vulnerability of bitcoin's core software to create hundreds of billions of bitcoins. It's like a person mastering the banknote printing machine. It's terrible. Or, hackers directly hack into our computers and steal our private keys, which will also cause us heavy losses
the second problem is that the transaction processing speed is too slow:
in the bitcoin system, there are up to seven transactions per second, which obviously can not meet the normal transaction requirements. We need to know that Alipay, Taobao and WeChat can handle hundreds of thousands or even millions of transactions every second. A deal can only be processed in 1-2 seconds. If bitcoin is used for daily money, then we will pay 1-2 yuan to handle it successfully.
the third problem is that bitcoin mining consumes too much power: Mining requires professional mining machines, which have high computing power, but consume a huge amount of power. Moreover, according to the current market, it is difficult to recover the cost of buying a mining machine for a year. Therefore, some people doubt: what is the significance of consuming so much power to maintain a system with such slow trading speed
the fourth problem is the regulatory attitude:
at present, the attitude of various countries towards bitcoin is very polarized: the supporting countries and retail stores accept bitcoin for payment, and there are also bitcoin ATMs; Countries that don't support it will crack down on it
to sum up, if bitcoin is measured by a monetary system, it must have various shortcomings. However, we can not deny the brilliance of bitcoin: bitcoin represents not only a new set of "decentralized" currency system, but also the origin of blockchain technology and a new ideology, which has far-reaching influence
from the perspective of bitcoin's own function currency:
bitcoin is the largest digital currency so far. It is an important application in the era of blockchain 1.0 and the first application of blockchain. Under the premise of decentralization, bitcoin realizes the functions of digital currency in the stages of issuance, payment and circulation, which is a new means of payment
from the perspective of bitcoin's underlying technology, blockchain:
with the increasing attention of bitcoin, blockchain, as its underlying technology, is becoming more and more well known by the public. Blockchain has graally separated from digital currency and penetrated into many commercial fields. Different instries hope to apply bitcoin Technology to our real life, Through a variety of application scenarios, let us get a better experience
from the perspective of bitcoin ideology:
it has set off a great ideological storm. The "decentralization" and consensus mechanism of bitcoin is a new ideology in the current centralized society. Throughout history, whether the Renaissance or the enlightenment, these are all ideological changes under specific historical conditions. The popularization of these new ideas and new consciousness will take a long time to be accepted by all. In terms of the influence of bitcoin:
digital currency has been accepted and recognized by some national markets, resulting in a large number of digital currency trading platforms and the emergence of a large number of counterfeit currencies. These counterfeit currencies have further evolved into a new financing mode, writing the myth of sudden wealth, which has also led to the proliferation of cheating under the banner of digital currency, such as air currency and pyramid selling currency
in short, bitcoin has outlined a grand blueprint, that is, the currency in the future will no longer depend on the release of central banks, but on the global currency unification. However, from the current situation, the blockchain 1.0 era, represented by bitcoin, only meets the basic functions of digital currency and cannot be popularized to other instries
however, in a word, bitcoin: there are shortcomings in the United States and China, and it is hard to cover up the edge.
7.
we need to understand that the rise of bitcoin has a great impact on the economy, which mainly lies in the macro economy
when some people mention bitcoin, they may think that bitcoin is a fraud, while others believe it. No matter what the point of view is, the current price of bitcoin is very high, and it has a large number of fans. I personally hold a negative attitude towards bitcoin. Here are my personal views
bitcoin is indeed rising at present
I remember in 2000, when the price of bitcoin was only a few dollars, now the price of bitcoin has risen to 50000 dollars, which can be said to have increased thousands of times. In this case, it is difficult not to shake one's faith. Some people feel that they have missed the gold draught of bitcoin, while others feel that the bubble of bitcoin will eventually burst . RRRRR}
8. Bitcoin blockchain is the largest public chain in the world, and after years of development, it has proved its technical feasibility and stability, which also shows its technical value.
9. Without any influence, bitcoin is just a speculative tool, and those who do not participate will not be affected by it
10. The carnival before the end of the day, the climax before death, in a word, who gets on the boat and refuses to come down, is a dead end
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