Development trend of bitcoin

1. On November 1, 2008, a self styled Satoshi Nakamoto posted a research report on a secret cryptography discussion group. The report expounded his new idea of electronic currency bitcoin came out
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.

2.

In terms of technological innovation, people who know blockchain are very supportive; About the future trend of bitcoin, as the earliest blockchain proct, it has been basically in the market. As for how big a pie there will be in the future, you can see my share

[John McPhee, the head of IBM and the board of directors of PayPal all predict that bitcoin will reach $1 million]

in recent days, the market has slowed down temporarily. However, this has not deterred investors. As previously reported, although some bearish pressure is forming, bulls have responded well and kept prices stable

since bitcoin failed to break through $5450, bitcoin bulls have kept the price above $5000. Recently, after a stable weekend, there was almost no report on the price trend, and the market rose appropriately. Now all attention is turning to $5200 as the next key target, and finally retesting the resistance level of $5450

as of April 15, the marginal revenue of bitcoin was less than 2%, and the transaction price was $5160. Earlier in the day, it had risen to a high of $5193, but failed to reach the target of $5200

Then bitcoin fell back to US $5157. The high degree of stability and flexibility that bulls maintain and push prices up shows how strong the current bull market is. As long as bitcoin can remain above $5000 and avoid a sharp correction, the bullish trend will continue to get more support and push prices higher

the price of bitcoin (BTC) will reach $1 million

a few weeks after PayPal first invested in blockchain technology, its latest board of directors made a bold price forecast for bitcoin. Wences Casares, a member of PayPal's board, said bitcoin could reach $1 million in the next 10 years. IBM blockchain & amp; Jesse Lund and John McAfee, directors of digital currency, have also made such predictions, which many believe are overconfident

in my (subjective) opinion, the chance of success is at least 50%. If bitcoin really succeeds, a bitcoin could be worth more than $1 million in seven to 10 years

the growth of bitcoin has driven Shanzhai coin

with the rise of bitcoin, most Shanzhai coins are also rising. Although the income is relatively low, most Shanzhai coins have about 1% to 4% income, but this growth is likely to continue

before the deadline, lightcoin's LTC was one of the best performing currencies. In the past few weeks, the performance of this coin has been extraordinary, which seems to determine the price trend of Shanzhai coin again

XRP and eth are also on the rise, but the marginal returns are 0.30% and 1.26% respectively. XRP's short-term goal is to return above $0.33, and its long-term goal is above $0.4. On the other hand, ETH hopes to climb back to more than $170, becoming its next target, and its preferred position is more than $190

3. Bitcoin:
blockchain is the underlying system of distributed ledger in bitcoin. Bitcoin ledgers are built in a distributed and spontaneous way. Anyone can generate new currency blocks by performing specific cryptographic calculations, so as to obtain a digital "currency" that can be used for transactions. Bitcoin's impact on the world monetary system can be said to be subversive, which is also an important reason why it has attracted a lot of people's strong attention since it came out. After that, there were dozens of similar electronic currencies such as
"lightcoin". The abstract extraction of distributed digital currency technology from bitcoin forms a "blockchain" technology, which can be used in more fields
bitcoin and other virtual digital currencies are only an application scenario of blockchain technology. Theoretically speaking, based on the characteristics of blockchain technology, human beings can create a very rich form of services and procts. There are a large number of scenarios in finance, government, enterprises, cross instry and other fields, which are suitable for blockchain technology and have broad prospects. At present, many countries around the world have started the research of blockchain technology, and a series of instry organizations and alliances have been established. However, as blockchain technology is a brand-new technology, which subverts the traditional centralized mode, major institutions are still in the research stage, with only a small number of actual projects landing, and the great development of the instry has just begun
now, blockchain economy is on the eve of outbreak. The exploration of financial instry is ahead of others, while the application of other instries is developing rapidly. The obvious advantage of blockchain instry application is to optimize business process, rece operation cost and improve collaborative efficiency. This advantage has been graally reflected in financial services, Internet of things, public services, social welfare and supply chain management
as the backbone of emerging technologies, blockchain is not only used in the field of virtual currency, but also in other fields such as finance, medical care, intellectual property certification, etc. a large number of excellent enterprises have emerged in China to explore or enter the blockchain instry. According to the in-depth analysis report on business model innovation and investment opportunities of blockchain instry released by foresight Instry Research Institute, as of the end of 2016, there were 105 blockchain related enterprises in China, 80% of which were concentrated in eastern coastal cities, including Shanghai, Hangzhou and Taipei
trustworthiness is the core requirement of blockchain, and the importance of standards and specifications is becoming increasingly prominent
in the future value delivery network based on blockchain, we will completely use algorithms and software to build the trust foundation. However, we believe that this is far from enough, and we need the standard to increase the credibility of the blockchain. In the future, the standard of blockchain will standardize the technology and governance of blockchain from the perspective of users, business oriented, and from the dimensions of smart contract, consensus mechanism, private key security, and authority management, so as to enhance the credibility of blockchain and add weight to the trust of blockchain.

4.

Bitcoin as a typical virtual currency, its price fluctuation is very large, from the current relatively large economic situation, bitcoin decline may be a more normal development trend{ RRRRR}

once no one continues to play this game, the price of bitcoin will probably be cut, leading to large-scale investors may face the risk of bankruptcy. Moreover, because its value is uncertain, and its existence entity is a virtual number, Therefore, it can not play too much role in real life. It can only be used as an investment proct. Therefore, once there are corresponding risks, it will change greatly. Therefore, from the overall trend, its future trend is likely to be lower

5. Bitcoin is a decentralized point-to-point e-cash system. It has been more than 10 years since its birth. The price of bitcoin now hovers around $10000. Many people think that the price is too high and it is not cost-effective to buy it now. But in fact, even though bitcoin has been around for 10 years, it is still like a fetus in the womb, and a lot of people do not know the existence of bitcoin
bitcoin has not yet grown into a baby, and there is still huge room for growth. Its prospects are broad. In the next decade, let's look at the height of bitcoin. More and more people will know about bitcoin. Everyone needs bitcoin, and the demand for bitcoin transactions will be extremely strong.

6. Personal point of view: I think bitcoin is just like the original understanding of stocks. I don't know much about bitcoin. But its essence is unchanged, that is, lazy people rely on it to make speculative investment to hype a virtual thing. Some people exchange RMB for bitcoin on various bitcoin trading platforms, and naturally others exchange RMB. But at present, most of them are using the leverage of GBL to hype bitcoin, so as to obtain the maximum profit, In fact, this kind of virtual goods trading is empty handed. Please remember, as long as there is output, there must be input. If you lose money, naturally someone will make money, which is the same as stock speculation.

7. The head of a cryptocurrency Investment Fund said that they found that some hedge funds and family offices that had bought up bitcoin before were turning to selling bitcoin to lock in profits.

8. Passing by
fire coin and coin an are the top exchanges in China

9. Personal point of view: I think bitcoin is just like the original understanding of stocks. I don't know much about bitcoin. But its essence is unchanged, that is, lazy people rely on this to make speculative investment, to hype a virtual thing. Some people use RMB to change into bitcoin, and naturally others will change into RMB. In fact, this kind of virtual goods trading is empty handed. Please remember, as long as there is output, there must be input. If you lose money, naturally someone will make money, which is the same as stock speculation. It's not beneficial to the real economy and the development of science and technology at all. It's just a way for the rich to circle money. Since money has the function of payment, why do I have to change it to bitcoin? It's just unnecessary.