The so-called bitcoin, although I don't understand it very well, is an algorithm based on blockchain technology. On the basis of the algorithm, generating bitcoin according to the algorithm was once popular all over the world, but it was never recognized by Buffett and others. Its existence value. To sum up briefly, today's price of Bitcoin is essentially speculation, especially the speculation of China capital. Moreover, due to the logic of speculation, the holders do not participate in trading and circulation, resulting in a huge gap between the circulation quantity and speculative demand, which continues to rise and speculate. Once this logic fails, the avalanche can be expected!
Why is Bitcoin destined to become a global payment currency? This should start with the basic common sense of money. In fact, money is a kind of compulsory issuance of credit and government power, that is, there is no corresponding obligation and responsibility to exchange gold, and it is a compulsory circulation paper money issued by the government and the central bank credit as an implicit guarantee. By contrast, if in the gold standard era, the credit of money is bound to gold, that is, it is the legal obligation and responsibility of the central bank to exchange how much money for how much gold. The responsibility of paying at sight. Later, because the gold payment mechanism in the United States did not have enough gold as a guarantee, after the United States forcibly reached a global agreement to replace the gold standard with the Bretton Woods system, the dollar no longer had the responsibility and obligation to forcibly exchange gold and decouple it from gold. This is the fundamental and historical reason why the gold reserves of various countries are mainly kept in the United States, because gold needs to be converted into dollars!
In other words, even gold is the natural enemy of central banks and monetary authorities all over the world, which means it is the natural enemy of currencies of all countries. Assuming that gold really has the right to circulate according to its actual value, currencies of all countries will be worthless, because money belongs to credit, and its equivalence and purchasing power belong to credit guarantee and the compulsory circulation of state power, rather than the gold guarantee that the actual reserves are equivalent to circulating money. If gold has the right to pay, no one will believe that money is just a piece of paper.
In other words, I want to laugh when I see a lot of big coffees saying that they want to buy gold to preserve value and fight inflation. If the central bank gives gold a real price, then buying gold is definitely the most valuable. However, gold is the natural enemy of the central bank, which makes it easy for the currency issued under the credit of the central bank to appear gold that cannot be exchanged for the promised gold content.
So, gold is still difficult to circulate around the world (the only exception is the bankruptcy of central banks, or a world war, and the world no longer trusts any currency, including the dollar), let alone Bitcoin? From the perspective of gold, it is easy to understand that Bitcoin is bound to be resisted by central banks of various countries, not to resist its existence, but to allow it to exist in a certain scope and degree, such as limited scale and limited speculation, but it is completely impossible to replace the existence of currencies of various countries, or to obtain circulation rights from another perspective. For an inaccurate example, if gold is not the natural enemy of the central bank, then according to the currency of any country, take the US dollar as an example. According to the purchasing power of gold and US dollars in the same period established by the Bretton Woods system, the current price of gold should be at least1-20,000 US dollars per ounce (it may be inaccurate, and it should even reach 200,000 US dollars, compared with the purchasing power of gold in the same period established by the Bretton Woods system), but the fact is that the price is 65,448.
Judging from the development of Bitcoin in China, whether it is mining or speculation, the Central Bank of China has always been very wary of Bitcoin. It is not only the natural enemy of the central bank I discussed above, but also an illegal tool for cross-border and money laundering.
Therefore, the topic said that Bitcoin is impossible to realize, no matter how it is realized.
Although owning a bitcoin is valuable according to the current price or book, it is incredible to buy a cup of coffee with the old bitcoin according to the current transaction price of bitcoin, but from the perspective of monetary common sense, the risk of its future law is enormous. The greater the development risk, the less developed it is, and the more it is out of the early warning vision of the central bank.
Finally, all investors and speculators are advised to stay away from Bitcoin. Suppose that one day, the central bank orders the ban on bitcoin, and it will be worthless immediately, because gold and bitcoin are the natural enemies of the central bank under the condition of paper money!
The current bitcoin is 76500 yuan. Many people thought it was easy to mine bitcoin at first. Some people hold millions of bitcoins, and it is getting harder and harder to mine now. The price of bitcoin has risen to $65,438+more than 0,000. Is it unreasonable that people who originally obtained bitcoin became rich because of the holders of bitcoin?
The limit of bitcoin is only 2 1 10,000 pieces. In the year of 438+02, in 2065, a great event happened in the history of Bitcoin-the reward was halved, which was also determined according to the original algorithm agreement. It was found that the speed of Bitcoin began to slow down. On July 9, 20 16, the bitcoin mining reward was halved for the second time. For each new block dug, the reward bitcoin is reduced to 12.5.
On February 9, 20 1 1, the price of bitcoin rose to one dollar, which was 400 times higher in seven months. This may be the barbaric madness of any commodity price. But no one would have thought that bitcoin would rise to 1 10,000 dollars.
On June 20th11,it rose to $30. Later, with the time when Bitcoin was stolen twice, it fell to 10.
20 1 1 March, Bitcoin broke through 1000 USD.
On September 2, 20 17, bitcoin exceeded $5,000.
2017165438+1On October 29th, Bitcoin exceeded $65438+00000.
On 20 17 12 16, the price of bitcoin reached 19343 USD.
20 18 12, bitcoin fell back to $3,200.
From 2065438 to June 2009, the price of Bitcoin rose to 1 10,000 USD.
At present, the price of Bitcoin is $65,438+05,000, which should be in a relatively stable state in a certain period of time. Moreover, with the increasing difficulty of mining, in order to ensure the profitability of minerals, Bitcoin may continue to increase in the future.
Is the pricing of Bitcoin reasonable? For example, there is nothing unreasonable.
For example, when speculating in gold, we don't necessarily get the gold in our hands. We just operate through trading procedures, and there will be profits between ups and downs.
For example, in stock speculation, the stock of Maotai rose from the initial 20 yuan to the current 1 100 yuan, and it also experienced some ups and downs.
Such as online game equipment. Bitcoin is more similar to virtual goods in online games. For example, there are many equipment sales platforms online, and many players directly recharge their accounts.
Since Bitcoin is operated independently and there is no need for game service providers, everyone may feel fairer. This is also the motivation that many people originally hoped to have.
Therefore, investing in Bitcoin is a serious speculation, and it is easy to be hyped by bookmakers. Ordinary people are advised not to participate.
Of course, it is unreasonable and impossible to achieve.
Think about it, only 2 1 10,000 bitcoins have been issued. If you become the legal tender in the world, every time you own one, you will never eat, drink or work, which is equivalent to having one tenth of the world's 2 1 10,000 wealth.
Do you think it's reasonable?
Bitcoin itself is a deflationary currency and does not conform to the normal social and economic order. People who own bitcoin will no longer invest and consume. Because the money in their hands will only get more and more valuable. Then the circulation rate decreased, the society was depressed, and the economy and prices collapsed together.
I remember this question was answered on something. I'll say it again.
Money itself has no value, it is just a piece of paper. His value comes from the government platform and how many people agree with his price.
The same is true of Bitcoin, and its value is the fanaticism of that small circle of Bitcoin believers. Last year, Bitcoin went crazy. In addition to insiders, most of them are leeks cut by speculators by multiple institutions.
Although Bitcoin is decentralized, it still relies on centralized trading institutions to conduct transactions.
The government cannot and will not give up legal tender to support the credit of Bitcoin. This kind of behavior is not only stupid, but also inconsistent with human development.
Moreover, bitcoin is born without a master, and it cannot regulate the market economy through the issuance of the central bank like legal tender; There is nowhere to go. The more people use it, the more crimes and illegal transactions will occur, resulting in social instability.
To put it bluntly, the real application market of Bitcoin is still black market, dark net and X coin. Moreover, there are few application scenarios like real currency strength in the world.
I think if you want to understand the currency circle, try a little speculation. If you really regard it as a belief in the world financial order, then give up this idea quickly.
I don't know if the blockchain will really subvert the world currency in the future, but it will definitely not be Bitcoin.
This question is very representative. Suspicion and distrust of bitcoin are widespread. Totally understandable.
In fact, the so-called legal truth is an inaccurate statement. At present, although many countries do not recognize digital currency, Bitcoin has its own circulation value in many countries. For example, in the United States, it can be successfully cashed into legal tender such as the US dollar, which becomes legal in disguise. It's just that the acceptable range is limited, and it may not be accessible to all countries and people. It may not get the status of legal tender supported by the state, but it is enough for digital currency.
Of course, you said that many people got it at low cost in the first place, so they became rich. This is indeed possible. On the one hand, many people who get it at low cost don't cherish it, and many people have lost or stolen their keys. At the earliest, people used 10000 bitcoin to buy pizza-according to the highest price of 40,000 dollars, this transaction is equivalent to 400 million dollars to buy a pizza, which is definitely the most expensive food in human history. On the other hand, even if someone gets bitcoin at a low cost and holds it so far, it is really rich. This is also one of the commercial phenomena, which cannot be said to be universal, but there is no need to make a fuss. Just like the villagers in Shenzhen fishing village before, their barren land can only be called a dividend of an era or their good luck. I know such college students. A few years later, they built several buildings near Luohu Port in Shenzhen. There are more than a dozen rooms in a building, and they can receive tens of thousands of rooms a month. Later, every building was expropriated and the developer offered 100 million yuan. This is the living reality around us. Although it seems strange at first, it is acceptable to see the world more.
Compared with the dividend of land, the price guarantee of Bitcoin is more like the dividend of technology and should be more acceptable. The changes brought by the mobile Internet, many things happen every day, and things related to technology are more likely to have room for imaginative change. Just like Tesla's share price now, it has risen more than ten times a year, and the price-earnings ratio is 1500 times. If shareholders only pay dividends based on the company's profit return this year, it will take 1500 years to return to the capital. Like Amazon before it, it has lost money for more than ten years, but its stock price is firm and its market value is still hundreds of billions of dollars. Finally, when the company succeeds in making money. The boss has also become the richest man in the world. So from this perspective, the price of bitcoin has soared. It is more like a conditioned reflex behavior after the flood of printing money in this era than something you can understand with common sense or past knowledge.
However, we still have to learn to accept it.
Investing in bitcoin, you can't see anyone laughing or crying.
Around 20 1 1, as the best time to invest in bitcoin, many people can't grasp this slogan. At present, more than17 million bitcoins circulating around the world have fallen into silent accounts, and nearly 5 million bitcoins will never come out. As can be seen from this data, many people have bitcoin from the beginning. Around 20 10, there are 1 bitcoin sold in 5 yuan on Taobao. 99% of investors can't imagine that in the next few years, Bitcoin can be so valuable, even reaching a height of 20,000 US dollars.
Therefore, in any investment market, the prophet eats meat and the soup drinkers blindly follow suit. Whether it is the latest mining or investing in bitcoin, there are always the least people in this industry under the miracle of getting rich overnight. The vast majority of people are just an ordinary investment, winning or losing is normal, and there is no need to look at the next outlet with envy.
Since 2009, Bitcoin has died n times, and even Buffett and Lang Xianping are singing bad words about Bitcoin. However, from now on, it is not dead, but thriving, constantly refreshing people's cognition.
Simply from the price point of view, from the initial few dollars a period to the current 1 ,000 dollars, it has increased by tens of millions of times. What's more, in 2065,438+07, it reached nearly US$ 20,000, equivalent to RMB 654,380+05,000, which is considered as a half-suite in a fifth-tier city. It is even predicted that it may reach 1 10,000 USD per year in a few years.
I have a friend around me who bought two bitcoins when he spent 20,000 RMB. When I spent more than 100,000 RMB, I advised her to sell it, but she didn't. She said she would leave them to her daughter as a dowry. After all, this thing is quite rare, isn't it?
According to the design, Bitcoin is only 2 1 10,000, and scarcity will make it more and more valuable. Another reason that makes it more and more valuable is that people are slowly getting in touch with the knowledge of * * * *, and more and more people are understanding and accepting Bitcoin. In the case of continuous supply and expanding demand, the value of Bitcoin will be further discovered. Therefore, the possibility of bitcoin coming true is not small.
As for the question of mastering wealth. Everyone makes money within their own cognitive range. It should be reasonable for people who hold a lot of bitcoin to become rich. New things often give more feedback to those who dare to explore and actively embrace.
Bitcoin is not without risks. It comes from new technology and may be replaced by newer technology. This is a dangerous moment.
Bitcoin can't come true, even if people who own Bitcoin dream that it is true. This is determined by the characteristics of bitcoin and the attributes of modern legal tender.
Bitcoin uses blockchain technology, which is decentralized and not controlled by a center. This technology is very advanced, but when used in currency, it becomes its achilles heel. Let's look at the legal tender of modern sovereign countries, whether it is US dollar, RMB, Japanese yen, British pound, French franc or ruble. There is a complete set of scientific methods for the quantity, method and time of distribution, neither more nor less. Too much issuance will lead to inflation, and too little issuance will lead to insufficient economic development momentum, which must be completely controlled by sovereign States. It is impossible for any sovereign country or political party to give up the control of money, because the role of money in modern society is not just as simple as buying, it can achieve political goals that other means can't. The dollar is now the hard currency of the world. This was decided by the United States with the victory of World War II and its strong scientific, technological, economic and military strength. Many countries want to replace the dollar, but they all sigh because they are unable to do so. Historically, this situation can only be changed through war. Bitcoin wants to replace the currencies of sovereign countries around the world with a blockchain technology. Do you think it's possible?
Without affecting the financial system and national security of a sovereign country, it is very graceful to give it some living space and let a group of people entertain themselves. Do you still want to imagine people all over the world using it?
China's government has no face at all, so it just blew it, because besides laundering money, transferring assets and providing convenience for terrorists, Bitcoin is also suspected of disrupting the national financial order.
In short, modern legal tender cannot be separated from national sovereignty. Without the endorsement of national sovereignty, any currency is a game of self-entertainment.
If Bitcoin comes true, that day will definitely be a capitalist society, with no country, no class, no exploitation and distribution according to needs. But at that time, there will be no money, and it is useless to keep bitcoin.
Many people use bitcoin to make money, but there is nothing to be proud of, because they make money at the expense of countless people. Do you think this is reasonable?
Let's take the property market as an example. 10 years ago, we spent 2 million to buy a house. Ten years later, we found that the value was already tens of millions, and we became billionaires inexplicably. Is this reasonable?
Bitcoin is undoubtedly a huge bubble pool, so which investment market does not have a bubble at present? Back to the original question, bitcoin itself is one of the high-risk investment methods. Its high return is completely in line with the investment law, and the proportional relationship between risk and opportunity has not changed.
Around 20 1 1, as the best time to invest in bitcoin, many people can't grasp this slogan. At present, more than17 million bitcoins circulating around the world have fallen into silent accounts, and nearly 5 million bitcoins will never come out.
As can be seen from this data, many people have bitcoin from the beginning. Around 20 10, there are 1 bitcoin sold in 5 yuan on Taobao. 99% of investors can't imagine that in the next few years, Bitcoin can be so valuable, even reaching a height of 20,000 US dollars.
Therefore, in any investment market, the prophet eats meat and the soup drinkers blindly follow suit. Whether it is the latest mining or investing in bitcoin, there are always the least people in this industry under the miracle of getting rich overnight. The vast majority of people are just an ordinary investment, winning or losing is normal, and there is no need to look at the next outlet with envy.
Let me answer this question from the perspective of a practitioner who has been in business for about 4 years! Most people know about Bitcoin from search engines, hearsay, and even many experts! I think what they know is one-sided.
I share a real case, which is a painful lesson for me!
In other words, if I can hold it for more than a year, then I have a chance to become a billionaire!
Of course, history may not repeat itself, but I believe that my mentality at that time was the same as that of many newcomers now. I felt that the price was unreasonable and it was purely speculative!
To share this story, I want to say that the height of cognition determines the thickness of making money. It is very rare to actually buy and hold Bitcoin for more than four years, especially those before 17, because at that time, the information channels for understanding digital currency were relatively narrow. As long as you can hold Bitcoin for more than four years, now you are basically free of wealth!
So, what is Bitcoin in my eyes now?
First of all, Bitcoin may become digital gold, which means that Bitcoin may become the gold in digital currency and the object of value storage! This has something to do with the mining of Bitcoin, which uses POW***, that is, the algorithm protocol for fighting strength. Whoever has high computing power has a high probability of getting the right to keep accounts, and Bitcoin is a reward for miners who get the right to keep accounts. This award is halved every four years. So with the popularity of bitcoin network, the cost of computing power is getting higher and higher. At present, the global average cost of mining a bitcoin is at least $7,000. And these costs are the reason why Bitcoin can become a value target! Many people may think that the higher the computing power, the better the bookkeeping right. Isn't that fair? In fact, what I want to say is that this is the fairest way to look at it at present, because no central organization can control it. As long as bitcoin mining continues to exist, bitcoin will never die! The higher the computing power, the safer the bitcoin network, and the more favorable it is for Bitcoin to become the target of global value storage!
Secondly, don't simply treat Bitcoin as a kind of speculation. In the future, Bitcoin may become the bottom network of the blockchain, endorsing the security and credit of all digital currency. As long as the bitcoin network is more secure, the greater the possibility. At present, many digital currency do not use POW*** recognition algorithm, which means there is no production cost. So if they want to be valuable, they must use bitcoin as the anchor. From a big perspective, blockchain can be divided into two directions: value storage and application. Bitcoin should focus on value storage. If we focus on the application direction, the efficiency of POW*** authentication algorithm will be lower, which is also the reason why other * * * authentication protocols such as POS, DPOS and Byzantine appeared later. What is more representative here is that Ethereum has changed from POW protocol to POS protocol. Because the goal of Ethereum is to become a global computer, it needs a higher TPS.
Finally, it has been more than 10 years since the birth of rational investment bitcoin and other digital currency bitcoins. /kloc-Great changes have taken place in digital currency in the past 0/0 years. Basically, new concepts are put forward every few years, and they are subversive innovations. Therefore, it is suggested to look at all this from a developmental perspective. Of course, if you invest in digital currency, you must be rational and invest with what you can afford. On the surface, speculation is very large and the price fluctuates greatly. Especially many empty coins, stay away from highly leveraged futures, otherwise it is easy to return to zero.
Existence is reasonable, and what is unreasonable is just sour grapes!
Is it reasonable for people who bought a house ten years ago to collect rent?
Is it reasonable to sit in a prime location and realize the skyrocketing wealth immediately after the demolition?
Is the starting point of a family with good health conditions high and reasonable?
Is it reasonable that the first batch of Internet people have made a fortune in the early ten years?
In the early days of reform and opening up, the first batch of people who went into business in the sea were already famous. Is it reasonable?
Beneath the seemingly unreasonable appearance, there is courage, courage, wisdom and luck that you can't see. This is the transformation between intangible wealth and tangible wealth.