Can bitcoin make money in the short term

1. Now it's not very profitable. In 12 years, the price of bitcoin was about 1000 +. With personal PC, we could dig more than one coin a week. The current currency price is about 20000 yuan
Development:
1. 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. 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
2. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and lightcoin from January 14. West Virginia Democratic Senator Joe; On February 26, 2014, Joe Manchin issued an open letter to a number of regulatory authorities of the US federal government, hoping that relevant institutions would pay attention to the current situation of bitcoin encouraging illegal activities and disrupting the financial order, and demanded that actions be taken as soon as possible to completely ban the electronic currency. On January 11, 2017), the Shanghai headquarters of the people's Bank of China and the Shanghai Municipal Finance Office carried out on-site inspection of bitcoin China.

2. Bitcoin is an investment proct. Just like stocks, few people make money and most people lose money. If you want to invest in bitcoin, you must understand it well in advance. I usually check the app with bitcoin to understand the bitcoin market

3. Many of bitcoin's money making words now are to turn the price difference to earn the exchange rate. This is because the market fluctuates a lot. If you want to make money, you can buy it.

4. I generally think that the cheapest time for bitcoin is in 2012, and it has been more expensive since then. It's about $30000 now.

5. In order to dig money, we need machines. The computing power of a household PC is too low. According to the current difficulty of more than 900 million, the computing power of a household PC is generally between 100 m and 600 m. if we dig, the money we earn in a month is not even one tenth of the electricity bill, so we need mining machines. Now the monthly income of a 200 g mining machine is about 7500, and the price of the machine is about 20000, But now the price tends to be stable, so it will not go up like a while ago, so the answer is to make money, it depends on what machine you use to dig.

6.

The concept of bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system

bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of money circulation. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to 21 million

bitcoin can be cashed and converted into the currency of most countries. Users can use bitcoin to buy some virtual goods. As long as someone accepts it, they can also use bitcoin to buy real-life goods[ 1] [2]

on February 26, 2014, Joe Manchin, a Democratic senator from West Virginia, issued an open letter to several regulatory departments of the US federal government, demanding that action be taken as soon as possible to completely ban the electronic currency[ 3] From 12:00 noon on January 24, 2017, China's three major bitcoin platforms officially began to collect transaction fees[ 4]

on April 12, 2018, bitcoin soared by more than 17%, suddenly rose to more than $8000, reaching a high of $8011

7. Compared with buying bitcoin, buying mining machine to dig bitcoin has lower risk and higher income. However, e to the limited proction capacity of mining machinery, short supply and insufficient hand speed, the price of buying others' hands is much higher, and after buying the mining machinery, they have to find low-cost electricity and suitable mine hosting. Many users find it troublesome to rent mining machinery and dig bitcoin. Due to the transparent income (how much money can be g every day can be found on the Internet), the cost can be known by itself, so the profit and payback cycle can be calculated quickly, and the price fluctuation of mining machine is smaller than that of t-coin, so renting mining machine has become the first choice for bitcoin investment. More reference to the existing information and methods, choose a most suitable for their own. Here I recommend tengge sideline training camp. It's really good. It's very detailed.

8. Can't make money! Bitcoin has no practical value and can only be used for hype. They repeatedly emphasize how much money they can make a year and what the rate of return is, but they never mention how the profit returns come from.