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Trading bitcoin price

Publish: 2021-05-21 17:12:46
1.

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, about RMB 11737

extended information:

in China, some Taobao stores have also begun to accept the use of bitcoin, and businesses will graally increase

in October 2013, the first bitcoin quarterly, one bit, was released

on October 15, 2013, the network accelerator service of the network announced its support for bitcoin

on October 26, 2013, btcmini reported that GBL was hacked

on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws

on December 5, 2013, notice of the Ministry of instry and information technology of the people's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing bitcoin risk: bitcoin is a specific virtual commodity; Bitcoin trading is a kind of commodity trading on the Internet. Ordinary people have the freedom to participate in it at their own risk

on September 4, 2017, the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO)

the trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency

on November 2, 2018, the people's Bank of China released the 12th topic of China financial stability report 2018, which talked about "encrypted assets"

2.

The price of bitcoin changes

the figure below shows all the price changes of bitcoin. It can be seen from the figure that bitcoin can only be traded in 2013, and the price is about 700 yuan. Up to now, the price of bitcoin is about 44800 yuan, an increase of n times

both sides of virtual currency transaction need bitcoin wallet and bitcoin 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

at present, bitcoin can be traded in the market by legal currency or virtual currency

3. Because bitcoin is a decentralized currency, unlike traditional currencies, which have central regulators, its price is completely determined by the market. Bitcoin is an investment proct in many countries. It's more similar to stocks. It's normal to go up and down. On the currency, its price fluctuates constantly. Now it's only worth $6500.
4. The market price of bitcoin has reached more than US $10000, with a value of more than RMB 70000, and the price will continue to rise in the future. Specific information can be viewed on the third-party market platform. Bitcoin is an investment proct with high risk and high rate of return, so investment should be cautious.
5.

ten years from now, the price of bitcoin is unknown On June 26, the price of bitcoin broke through US $12000, a 17 month high since January last year. In the morning of June 27, the price of bitcoin was close to $14000, reaching a new high of the year

therefore, the future price trend of bitcoin is uncontrollable

4, low transaction costs:

bitcoin can be remitted free of charge, but in the end, a transaction fee of about 1 bit will be charged for each transaction to ensure faster transaction execution



6. In other words, no one knows what price it should be, and the price is completely based on the transaction
7. Bitcoin, as a virtual commodity that is not uniformly issued and priced, has value when someone invests in it. The reason why bitcoin is so popular is that it has no credit guarantee and legal compensation ability. It must involve many institutional investments or contracts to endorse. At most, it is an electronic investment target hyped by speculators, similar to spot commodity transactions, Some platforms even engage in this kind of speculative trading for a commodity, such as wine, vegetables and fruits, which is non compliant and unprotected, and there is no standard fair market price. We can't rule out the speculation of other digital commodities in the future. Trading websites are all local matchmaking platforms, lack of close linkage, and the price gap continues to narrow over time. Just like there is arbitrage space in foreign exchange transactions between different countries, but the global foreign exchange matching information is very transparent, and the opportunity to capture the spread is very small. Bitcoin has no regulation and no legal protection. It is an ordinary commodity transaction. The price fluctuation is a market behavior, and the risk is entirely on its own
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