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Bitcoin's position in South Korea

Publish: 2021-05-24 03:01:10
1. bitcoin, which does not belong to any country, was originally a kind of network virtual currency. On November 1, 2008, a person who called himself Satoshi Nakamoto posted a research statement on a secret cryptography review group, stating his new idea of electronic currency bitcoin came out, and the first transaction of bitcoin was completed. Bitcoin (bitcoin: bitcoin) is a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals
the content of this article comes from: financial code of the people's Republic of China: application edition, China Law Press
2. The concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system
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

according to the notice on preventing the financing risk of token issuance, there is no approved digital currency trading platform in China. According to China's digital currency regulatory framework, investors have the freedom to participate in digital currency transactions at their own risk

warm tips: the above information is for reference only. Before investing, it is recommended that you first understand the risks existing in the project, and understand the investors, investment institutions, chain activity and other information of the project, rather than blindly investing or mistakenly entering the capital market. Investment is risky, so we should be cautious when entering the market
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3.

According to analysts at Goldman Sachs, bitcoin can become a legal and widespread form of currency, but it is mainly possible in theory

Analysts believe that the reality is that cryptocurrency still has a very high threshold in most places. First, the government cannot track who is buying or selling bitcoin. And as we all know, the price of cryptocurrency is very vulnerable to large fluctuations. This volatility is very rare in legal tender, so bitcoin is not suitable to be a reserve currency

4. Bitcoin has been experiencing a lot of volatility, which worries traders and investors. But according to market experts, it's just a matter of time before bitcoin reappears. Bitcoin is still the only cryptocurrency that has received worldwide attention, recognition and adoption. It has been accepted by organizations and payment gateways around the world, and even new milestones are being achieved. For example, bitcoin's hash rate has reached a record high of 6.2 billion trillion< Let's take a look at the famous bitcoin forecast:
1 Tom Lee bitcoin price forecast
former chief stock strategist JP Morgan, co-founder and research director of fundstrat Tom Lee believes that the break even cost of mining a BTC is directly related to the price of cryptocurrency. He believes that BTC will grow as he expects more institutional investors to adopt bitcoin and the user base of bitcoin to grow steadily. In a recent interview, he said that bitcoin could bring 100% return to investors in 2020 after the expected halving of bitcoin in May 2020
2 Fran strajnar bitcoin price forecast
Fran strajnar put forward a very optimistic forecast that BTC may reach US $200000 by January 2020. He believes that the adoption rate is directly proportional to the price rise. The higher the adoption rate, the more the value increases<
3 bby Lee bitcoin price forecast
Bob Lee, CEO of BTCC, China's first exchange, once said that bitcoin will take 20 years to reach $1 million. Now his prediction has completely changed. Bob Lee, the co-founder of BTCC (Hong Kong bitcoin exchange), and Charlie Lee, the brother of lightcoin, gave extremely optimistic predictions, but they began to be bearish. He claimed that bitcoin could start to recover from the end of 2020, reach $333000 by 2021, and then drop to $41000 by 2023. He repeatedly pointed out that the market capital may reach $7 trillion, which may exceed the market value of gold. He even mentioned that bitcoin will lead to price stability and global liquidity in the next few years
4 John McAfee bitcoin price forecast
John McAfee has always been one of the stagnant bitcoin enthusiasts, and he puts forward his own forecast from time to time. He has recently become more optimistic than ever, saying that bitcoin could reach $1 million by 2020. Other bitcoins such as Apollo and MTC are likely to rise 10 times as much as BTC enthusiasts. He recently said that his past forecast of $1 million for bitcoin was just a trick
McAfee predicts that 10 years from now, "there will be no legal tender in the world, everything will become cryptocurrency."< 5 Tim Draper bitcoin price forecast
Tim Draper is one of the famous venture capitalists. He predicts that bitcoin will occupy 5% of the money market by 2023. He is optimistic that the price of bitcoin could rise by $250000 by 2023
our forecast:
2020 bitcoin price forecast: will bitcoin rise
bitcoin has been doing well, and recently it has started a bull market. This shocked the market. Now, traders and investors are in a state where they are trying to make the most of the bull market. The more transactions, the higher the price. In addition, we know that bitcoin is scarce in circulation, that is, only 21 million bitcoins can be mined, of which 17 million have been mined, which means that only 4 million will be mined, which will make it more valuable
in addition, some countries such as the United States, Japan and South Korea have shown great willingness to integrate bitcoin and other cryptocurrencies into their financial systems by establishing a regulated market that can operate freely and safely. By the end of 2020, the price of bitcoin will reach $23499
bitcoin price forecast 2022
by 2022, bitcoin may have an unexpected growth, and the adoption rate will increase by two times. Bitcoin may be accepted as the most feasible payment system by the public all over the world, and there is no trouble. In any case, bitcoin is not out of reach until it becomes the sweet spot of legal tender, and most developed countries are likely to see changes faster than other currencies. By 2022, given steady progress, bitcoin could reach $32000
bitcoin price forecast 2025
bitcoin price forecast shows that through five years of investment, bitcoin price will maintain 385.450281% of BTC price value for a long time. This means that in 2025, the price of bitcoin is expected to reach $50044.6 Bitcoin's future forecast)
bitcoin may reach the $50000 mark in 2025, which may push the encryption market to a completely different height. According to the prediction and analysis, bitcoin is ranked first without any competitors. Graally, bitcoin is likely to be seen more as a store of value, as well as an alternative currency. There are some bitcoin price forecasting tools that can help experts get the data. As encryption enthusiasts like John McAfee predicted, legal tender could be replaced by bitcoin
by 2025, bitcoin may be used more frequently by more people, that is, real-time use cases will increase, which will make it more powerful.
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6. Legal
bitcoin (bitcoin: bitcoin) was originally a kind of network virtual currency, which can buy real-life goods. It is characterized by decentralization, anonymity, and can only be used in the digital world. It does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals. In 2013, the U.S. government recognized the legal status of bitcoin, making the price of bitcoin soar. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan.
7. I am now investing in bitcoin cash in bithub, South Korea. Among all the exchanges, bitcoin is the most active in listing new Shanzhai currency. Moreover, the market price of Shanzhai currency has risen after bithub's listing, and the market is very good. In 2017 alone, bitcoin listed eight kinds of Shanzhai currencies, including bitcoin gold, quantum chain, zcash, Monroe, dasey, reborn, bitcoin cash and Ethereum classic. Since the beginning of November, the market price of bitcoin cash has been rising all the way. Now it has doubled several times and exceeded 80000 yuan. The daily transaction volume on August 19 has exceeded 15 billion yuan. By the end of November, the total transaction volume has accumulated to 360 billion yuan!
8.

9. The big difference is that bitcoin is a decentralized encrypted digital currency, and Morgan is a typical MLM currency. Bitcoin is a consensus network, contributing to 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. Morgan coin is a typical kind of pyramid selling coin. Before, bitcoin home network burst out similar pyramid selling scams, such as spark entertainment bitcoin, Porter coin, BBT mint, Vicat, etc. They often promise high income, the information of the founding operation team is not open, and they have the background of large international companies, so they put forward a set of seemingly reasonable economic theory. But as long as you go online, you will find that the patterns of these MLM coins are similar.
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