What will bitcoin do in the future
unlike all currencies, bitcoin does not rely on a specific currency institution to issue. It is generated by a large number of calculations based on a specific algorithm. Bitcoin economy uses a distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. The decentralized nature and algorithm of P2P can ensure that it is impossible to artificially manipulate the value of bitcoin through mass proction. 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
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bitcoin is a virtual asset. After last year's ups and downs, investors have taken a cautious attitude this year however, as the US stock market continues to fall in recent days, and the global capital market is uncertain whether it will rise, bitcoin and other virtual currencies have been in the red all the way, breaking through $8000 in the morning of May 14
virtual currency can become a universal equivalent because of the fact that money itself is a kind of goods the original currency is only a commodity recognized by everyone, and its value is generated through exchange, from the original barter exchange to the use of coins, such as gold, silver, copper and iron, such as silk and silk, such as coral shell, all of which have use value< in the electronic age, what's the difference between the so-called credit currency? On the contrary, this seemingly fictitious credit currency is recognized by the country's economic credit, and the economic credit itself is valuable strong>
the process of bitcoin is like this<
2009 - bitcoin was born
in 2009-13, makers were mainly busy investing in mines and digging for bitcoin. At this time, there is no circulation of bitcoin. Anyone can simply get bitcoin, which is basically worthless
in 2013, the number of bitcoin reached 50% of the total design amount (the upper limit of 21 million)
in 2014, we started to hype bitcoin trading and set up bitcoin trading platform
14-17 years - makers continue to invest in mines and dig bitcoin. Bitcoin trading is completely folk, and there is no market maker
2017 - the number of bitcoins has reached 75% of the total design, and most of them are controlled by the makers
in 2017, makers began to enter the market and used bitcoin as a tool to escape supervision
since 2018, bitcoin has played a very significant role in escaping supervision, with a large amount of funds flowing through bitcoin control institutions, and bitcoin has gone up
here we want to talk about why the makers want to control the market. Because this thing itself has no value at all, if you want to flow capital through this thing, it must appear normal on the surface. Because you are under the supervision of the financial sector in the overall environment, you can't just pick up a stone and say how much it's worth
first of all, my purpose is to transfer my funds "legally" through self selling and self buying, rather than actually buying the so-called bitcoin
secondly, I need to make bitcoin valuable enough to transfer more money
thirdly, as soon as the retail investors enter the market, they will soon find that there is not much liquidity at all, and they can't support the price. If the retail investors have too many bitcoins and they sell them casually, I can't really spend money to buy them. When the market price collapses, I can't play the game of selling and buying by myself.