Ye Shengchao Blockchain Part 2: Do you understand Bitcoin?
Hi, I'm Ye Shengchao, and if you want to make money in the blockchain space, then you have to mention Bitcoin, the Bitcoin is the first digital currency on top of the blockchain, the oldest qualification, and its supremacy is difficult to be regretted by the later , even more advanced applications like Ether are only millennium old.
Bitcoin, English: Bitcoin, abbreviation: BTC, for the white, want to understand the bitcoin, of course, is to go to the Internet search, search the answer is generally like this. Bitcoin is a P2P form of digital currency, peer-to-peer transmission, decentralized payment system , these are the answers that will leave you scratching your head.
Bitcoin actually originated in 2008, when a person with the alias Satoshi Nakamoto (an individual or team), released a white paper on Bitcoin that The Chinese book is called "Bitcoin: A Peer-to-Peer Electronic Cash System The original version is in English, and this Chinese version was first translated by Wu Jihan of Bitmain, who has made a great contribution to the science of Bitcoin.
If you want to learn about bitcoin. It's a good way to chew on the white paper, you can start by reading the Chinese version translated by Wu Jihan If you know English, you'd better read Satoshi Nakamoto's English version, it's the most original to absorb.
But what about the majority of white people, who can't read the white paper?
You can get someone who knows how to help you analyze the white paper together, or you can buy books related to bitcoin that Learn about the basic characteristics of bitcoin, bitcoin exchanges, bitcoin wallets, mining machines and pools, bitcoin payments and other concepts.
For the uninitiated. The fastest way to learn about Bitcoin is to get involved and buy at least 1 BTC, even 0.1, and maybe you'll have an unexpected surprise in the future! Obtaining bitcoins is usually done through exchange purchases or mining, which is increasingly costly and risky and involves purchasing a professional miner, the easiest and most straightforward way for a beginner to get bitcoins is to buy them on an exchange.
Shengchao first purchased bitcoin in 2015, when he was short-sighted and uneducated, and knew only simple speculation in coins.If I had been able to systematically learn about bitcoin and blockchain, I might have been wealthy by now.
How ignorant is it that the price of bitcoin was just over $2,000 a piece in 2015, and Seung Chao already feels like it's sky high , after playing with it for a while, I felt it was pretty risky and sold all my bitcoins.
It wasn't until 2 years later, probably June 2017, that I saw news reports that Bitcoin had gone up to 20,000 RMB a piece, all the way up to a maximum of 130,000 RMB ah, by the end of the year. The rise surprised Shengchao, so he started to pay attention to bitcoin again and began to learn about the relevant blockchain knowledge, and this time he finally fell into it and couldn't pull himself out!
In fact, in the beginning, bitcoin also had little value, only Satoshi Nakamoto alone was digging. After Satoshi Nakamoto mined more than 1 million bitcoins, many people began to join the mining team one after another, and as the price went up, more and more people participated.
Bitcoin also rose from $1,300 a bitcoin at the beginning to a high of $20,000 a bitcoin in 2017, which equates to a 26 million fold increase in That's $9,000 at the current bear market price, or 11.7 million times!
If you bought bitcoins in 2010 with the same money you used to buy an iphone 4, you'd be sitting on $200 million now , but since bitcoin has skyrocketed, not many people can hold it, and those who can really hold it, are making a lot of money.
Bitcoin rose from less than $1,000 at the beginning of last year 2017 to a high of $20,000 by the end ofThen it started to fall all the way again, and the low point was still $6,000 a few days ago, and just when everyone was desperate, bitcoin started to rally violently and got back up to $9,000 in a few days.
Throughout the Bitcoin market, there has been a big spike in the market almost every year that For example, in January 2011, it was just under 30 cents, and by June 2011, it was $30, a more than 100-fold increase!
If you look at bitcoin's K-line over the past 5 or 6 years, every plunge that was considered doom and gloom at the time has been overshadowed by the subsequent market into almost negligible minor fluctuations. Just like the September 4 tragedy, it is now just a small fluctuation from the K-line.
In the long run, bitcoin is all up, and if you can ignore the ups and downs in between, and keep sticking to the Buddhist speculation, you will definitely end up making money. Shengchao recommends a minimum of 2 years, 4 years is better, and preferably a "10 year" prison sentence for your funds!
As bitcoin continues to break new highs, expectations are growing forBitcoin has also gone from a coin for a pizza, a coin for a touch screen, to the realization of a coin for a square meter, and now the common goal of coin enthusiasts is a coin for a villa!
Can Bitcoin go up to one coin per villa?
The total number of bitcoins is only 21 million, more than 16 million have been mined now and there are more than 4 million left to be mined until 100 years later in 2140 , the future of bitcoin is certainly incomparably scarce, incomparably valuable collectibles, Shengchao believes that a coin a villa, only a matter of time.
Blockchain technology is on fire from 2015 to 2018, and if you don't understand it, you're really out!
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