Bitcoin can be exchanged for cash

2. How to convert bitcoin into RMB detailed tutorial:
1. Log in to BTC China platform, click "trading center" and select "RMB recharge" to enter the page
2. You can recharge by BTCC code. The website shows the official agent of bitcoin China BTCC code. You can contact the seller to buy BTCC code through QQ
3. When you buy BTCC code in bitcoin China, you can recharge the account. The recharge code is divided into a and B. after the code is copied, click confirm to recharge
4. After the recharge is successful, you can see how to buy bitcoin. First click the trading market
5. Click BTC / CNY to trade, and then click the market price sheet to input the quantity of bitcoin you want to buy, In this way, you can check bitcoin.
6. Go to your account to check whether bitcoin has arrived. After arriving, you can see how to pay for the bitcoin wallet of MMM players

3. The central bank has stipulated that bitcoin can not be used as a means of payment in circulation

4. 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 money 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
on February 16, 2021, the price of bitcoin exceeded $50000. On February 20, 2021, the total market value of bitcoin broke through the $1 trillion mark. On February 22, 2021, the price of bitcoin exceeded $58000 per coin. On the evening of February 22, 2021, bitcoin's decline widened e to the counterattack of short selling funds. It once fell below US $48000 / piece, with a decline of nearly 17%. Subsequently, long funds quickly began to bottom, in half an hour, bitcoin fell from 17% to 6%. According to coingecko, as of 0:00 on February 23, Beijing time, bitcoin was at US $52878.42 per coin, down 9% in 24 hours

warm tips: ① according to the notice and announcement issued by the people's Bank of China and other departments, virtual currency is not issued by the monetary authority, does not have the monetary attributes of legal compensation and mandatory, is not a real currency, does not have the same legal status as currency, and cannot and should not be used as currency in the market, Citizens' investment and transaction of virtual currency are not protected by law
② the above explanation is for reference only. Before investing, it is suggested 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 mistaking into the capital market
③ investors should not use such information to replace their independent judgment or make decisions only based on such information, which does not constitute any investment operation

response time: February 25, 2021. Please refer to the official website of Ping An Bank for the latest business changes
[Ping An Bank I know] want to know more? Come and see "Ping An Bank I know" ~
https://b.pingan.com.cn/paim/iknow/index.html

5. < blockquote >

because some people believe in it, it is of high value
if others are willing to pay for bitcoin, you can sell it, that is, you can exchange it for cash
on the contrary, if no one believes it and no one is willing to pay for bitcoin, you can't sell it, that is, you can't exchange it for cash or you can exchange less cash
this is the same as other investment gold stock funds

< / blockquote >

6. In short, bitcoin is a kind of cryptocurrency (virtual currency, digital currency, electronic currency). The professional point is that 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
therefore, bitcoin can be bought and sold on the trading platform to convert bitcoin into RMB.