Bitcoin has set a new record, why is a digital currency so sought after?

Bitcoin has set a new record, why is a digital currency so sought after?

Bitcoin has set a new record, why is a digital currency so sought after?

In today's digital age, it can be said that the world is no big deal. In our lives, there is a household currency that deeply affects a group of people who own their own mine cars and collect their own digital currency. It is bitcoin that we are no stranger to.

Bitcoin can now be said to be the leader of digital currency in the regional chain. The total amount of bitcoin in the world is now as high as 800 billion US dollars. When it comes to bitcoin, there are endless topics between collectors who know how to do it. People think that Bitcoin has room for appreciation. It is a digital currency that can appreciate. It feels that having Bitcoin will have a better future. Recently, according to the news released by the Internet, a bitcoin turned out to be as high as 8,000 US dollars. In two months, it actually doubled the price. This is another time after bitcoin reached a new high in July last year. new highs.

Some professionals have instructed that in the current global turmoil of capital, coupled with the increasing risk of risk aversion, in this case, there are still a lot of bitcoin collectors who can't hide the bitcoin. favorite. In the new era when the Internet is so developed, people's demand for the Internet is growing. In this case, Bitcoin and various digital currencies are also presented to many people. These collectors have seen Bitcoin. The future of development has been added.

This regional chain model has existed for nearly a decade, and it has been popular since its launch. However, the most popular is Bitcoin, which has three characteristics compared to other digital currencies.

First point: Bitcoin price is higher than other digital currencies

Second point: Bitcoin is relatively stable relative to other digital currencies

The third point: Bitcoin has its own appreciation space

From these three points, Bitcoin is more persuasive than other digital currencies, which is why Bitcoin is well known and other digital currencies are unknown. Now, many people have a hope for Bitcoin. I hope that Bitcoin will be the same as that at the time, and there will be more room for appreciation. Many people have seen the benefits of Bitcoin collectors and saw their prices from zero until With an appreciation of 8,000 US dollars, they all invested in the mining machine mentioned by the insiders. A virtual mining machine can buy hundreds of thousands of days.

As an outsider, I also know about Bitcoin. I feel that Bitcoin is like a stock. It has a rise and fall, and it will have a peak. After reaching the peak, it will fall next. This is also a venture capital investment. What many people see is only the high returns, but they ignore the fact that Bitcoin is also a kind of virtual digital currency. When buying only some virtual mining machines and digital currency that cannot be touched, talk about bitcoin, many People just blindly see the benefits, follow the trend to make a profit from the lieutenant, but ignore other problems.

But when the number of bitcoins increases sharply, that is, when bitcoin inflation becomes worthless, by then, the price of bitcoin will plummet and may start from scratch, so investment needs to be cautious. (The internet)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Bitcoin rebounded to surpass $ 9,100. Is it expected that the big market in mid-March will arrive earlier?

Heroes blind BB: Wednesday and Thursday did not officially change the text because the market trend is based on the p...

Blockchain

Let’s listen to Jiang Zhuoer and Lu Haiyi’s understanding of the relationship between bitcoin price and computing power, as well as the price trend of this round.

Vernacular blockchain Since June of this year, the total network computing power of Bitcoin has risen by more than 70...

Market

Bitcoin rise may be related to trade wars

Earlier this week, several major factors were mentioned, driving the current 40% bitcoin surge. These include Starbuc...

Opinion

Bankless Co-founder's Latest Article Five Questions on the Soul of the Cryptocurrency Future

The path forward has never been clearer - since we first believed that Layer 1 would change the world, we've come suc...

Blockchain

The node earns $20 a month? Lightning network in the eyes of the largest node operator

Since the launch of the Bitcoin main network in early 2018, the popularity and scale of the lightning network have im...

Market

Crypto Markets Under Fire How the Latest Hot US CPI Numbers Caused Chaos

Get ready, Fashionistas the Fed may be wrapping up their tightening efforts soon, despite the recent strong CPI figures.