Is bitcoin reliable

2. This question is still about whether bitcoin is a Ponzi scheme:
Ponzi scheme is a kind of fraulent investment operation, which uses investors' own money to pay investors in return, or uses new investors' money to pay old investors, rather than the money earned by the company itself. When there are not enough new investors to join, the Ponzi scheme will collapse, and the final investors will suffer
bitcoin is a free software project without a central management organization, so no one can make a false statement about the return on investment. Just like other major currencies, such as gold, US dollar, euro, Japanese yen, etc., bitcoin can not guarantee purchasing power and the exchange rate is free floating. The resulting volatility makes it impossible for bitcoin holders to predict profits or losses. The fact is that bitcoin is being used by thousands of users and businesses because of its useful and competitive features.

3. People take bitcoin for granted as a legendary virtual currency. In fact, it's not. As you're worried, bitcoin is hot with tycoons and small fish pays for it

paper money and bitcoin seem to be the same. First of all, you need to understand that bitcoin is not a virtual currency. Money is guaranteed. Paper money is guaranteed by national credit. Even game currency is guaranteed by the company, stocks are guaranteed by the company's asset revenue, and bitcoin is nothing without guarantee. Theoretically, everything can become money, but only theoretically. Shells used to be money, but now do you buy a few bags of shells? It's not because people think it doesn't guarantee that you can buy something useful

so as long as bitcoin doesn't have a credible guarantee, be careful of fraud. At present, it seems that tycoons are speculation, speculation arbitrage, and then escape the rhythm

in addition, no country will allow the existence of bitcoin, which is equivalent to the ancient private coins. The dominant position of the United States depends on the US dollar. The United States has no tolerance for the free exchange of other countries' currencies. The ultimate sign of China's rise is the full convertibility of RMB

virtual currency is the trend, but not bitcoin. It can be said that the probability of bitcoin becoming a currency is 100 times smaller than the first prize of the two color ball. I hope more people don't become victims

people who have been cheated will make up all kinds of lies to cheat others< br />
http://0912.me/index.php?shenmu=thread&id=563

4. Unreliable, there are some powerful hackers can brush out

5. Bitcoin technology, including protocols and cryptography, has a strong security record, and bitcoin network is perhaps the largest distributed computing project in the world. The most common weakness of bitcoin is user error. The bitcoin wallet file that stores the private key may be accidentally deleted, lost or stolen. This is very similar to physical cash stored electronically. Fortunately, users can use reliable security policies to protect their funds, and they can also use providers who provide good security levels and theft or loss insurance services

in fact, safety is not safe but has the final say in practice.

6. 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 specific currency institutions. It is generated by a large number of calculations based on specific algorithms. 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

warm tips:
① the above information is for reference only and does not constitute any investment suggestions
② there are risks in entering the market, so investment should be cautious
response time: February 5, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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7. The state does not recognize the legitimacy of bitcoin. Therefore, in terms of safety, there can be no guarantee. Even if you know who hacked you, you can't report it to the police.

8. There are two main trading methods: one is exchange trading, which is very safe in well-known large-scale exchanges, and the other is OTC trading. Many platforms provide guaranteed transactions similar to Taobao, which are also relatively safe
the key is to go to the mainstream platform

9. The main cost is electricity. If there is electricity, it is OK.