Is bitcoin a business
bitcoin is a virtual currency. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system. Function: bitcoin is a kind of network virtual currency, the quantity is limited, but it can be used to cash out: it can be converted into the currency of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, you can also use bitcoin to buy real-life items
bitcoin can be traded in the exchange, and people can buy a certain amount of bitcoin with money, but the makers of bitcoin are more general
first of all, bitcoin is an encrypted digital currency that many people can buy. The so-called "makers" refer to those who hold a large amount of bitcoin in an exchange. However, there are many factors that affect the price of bitcoin. People who sell bitcoin in a short time in an exchange will indeed affect the price of bitcoin, But the impact is minimal
as long as the countries that support digital currency can buy certain digital currency in the exchange, there is no way to control those countries strictly.
bitcoin is a technology application of blockchain, bitcoin is a kind of digital currency, we must treat it dialectically, we can't buy it blindly, We must treat bitcoin rationally.
I can only say that I don't know if it is possible for the makers to harvest Chinese chives, but it may be relatively small. When the market is falling, it usually causes the panic of leeks. This is the best time for the makers to buy the bottom at a low price < HR / > < blockquote > however, one thing we need to confirm is that such a decline is nothing compared with the special currency, and it has not even fallen out of the monthly line. In the history of bitcoin, it once fell by 94%. There are many more cases than this. Therefore, there is no need to over interpret the decline and look at the rise and fall of the currency market with the thinking of speculating in stocks personally believes that such a fall is a rectifying correction for a period of time when bitcoin has skyrocketed, bringing a lot of bubbles, and there is nothing too peculiar about what the market is doing. p> summary: bitcoin, as the pioneer of digital currency, although it has the first mover advantage, we can foresee that bitcoin will be the slowest and most backward digital currency in the future. Compared with eth or EOS with smart contract, the application of bitcoin will be extremely narrow. Another reason why bitcoin is not suitable as a currency is that the total amount of bitcoin is limited and cannot be over issued. However, the total amount of money should never be limited, because it will lead to deflation. Everyone will hoard bitcoin instead of trading it. Therefore, the trading volume will be very small, which indicates that bitcoin is not suitable for use as a kind of currency at all
2020 is a magic year. Although there are many troubles from the beginning of the year to the end of the year, asset prices are rising very well
let's look at the performance of all kinds of assets:
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here's another interesting thing. In the first seven months of bitcoin coming out, the creator Nakamoto Tsung mined 1.1 million bitcoins himself, accounting for 6% of the total amount of bitcoins. These bitcoins have been left untouched, and now are worth nearly $40 billion
If a market has the four characteristics of high leverage, drastic price fluctuation, limited trading volume and high concentration, then the market is a perfect Chinese chive cutting market
we have done a previous issue of the hunt brothers silver speculation. After hoarding a large proportion of silver, the hunt brothers in the United States manipulated the prices in the futures and spot markets to reap the silver investors in the market. Today's bitcoin market is a bit like the silver market of that year
before any asset bubble bursts, there will be lots of people making money. What is the upper limit of the bubble? How high will the price go? How crazy can market sentiment be? None of this can be predicted
a rational investor should not be distracted by the soaring price, but should carefully think about two questions outside the fanatical market sentiment. Do I really understand the investment logic behind this thing? Is it really worth so much money
if you're like me, you'd better not take part in this kind of incomprehensible excitement
In addition, according to the latest report of Kraken, a crypto exchange, medium-sized "whales" with 100 to 1000 bitcoins are hoarding more bitcoins
according to the analysis of the report, since January 3, 2020, the growth of the number of "whale" (big bitcoin holders) addresses has been stagnant. In January, people with more than 100 bitcoins held a "wait-and-see" attitude on whether to keep hoarding, while "little whales" with 10 to 100 bitcoins kept hoarding< br />
The biggest function of bitcoin is to launder money. A lot of black money can be bleached through bitcoin
comprehensive analysis:
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under the premise of more and more strict monetary supervision all over the world, bitcoin has become the first choice for money laundering
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as for the makers, it is also determined by the relationship between supply and demand. If we don't accept it, we can only eat our own fruit
. I want to be able to accept my answer. br />