Bitcoin’s rise and fall and what it is related to (btc rise and fall planning)
The rise and fall of Bitcoin, the cryptocurrency btc, is currently one of the ho
The rise and fall of Bitcoin, the cryptocurrency btc, is currently one of the hottest projects. Starting from January 2017, its price has been rising all the way, reaching its peak of over $1,000 in mid-March 2018.
However, it has been continuously plummeting since February this year. By around 3:30 am on May 13th, it has already fallen by more than 50%. According to data from Bitcoin.com, the current price of Bitcoin is $9,360 (equivalent to about 65,000 USDT at that time), and there has also been a sharp decline this morning, reaching a high of $9,520.
Although many investors consider this as an investment method, it is not suitable for ordinary people to use. In fact, often times, people view Bitcoin as a speculative asset. But if we carefully analyze the price trend chart of Bitcoin, we will find that it is not the case. For example, someone buys one or two Bitcoin Cash, and then exchanges ten thousand Bitcoins for another Bitfinex coin.
Therefore, for most people, after buying a Bitcoin, they sell it instead of keeping it, so now Bitcoin has become worthless. So what exactly is btc? Why is it considered the main currency of Bitcoin? Both Bitcoin and Ethereum are cryptocurrencies based on cryptography, blockchain technology, and distributed ledger technology. These encrypted digital currencies mainly complete the automation of accounting, transactions, settlements, and transfers through smart contracts on the network. Bitcoin is designed to serve as the base layer for any commodity/service, and at the same time, it can be used as a payment tool for the gold standard.
In addition to Bitcoin, there are also some altcoins with similar names, such as BTG or EOS, etc. They all adopt the PoW mechanism and have no difference from BTC because their total supply is constant. (I am Odaily Star Daily author Mo Xinnan, exploring the real blockchain, please add WeChat 16601131135 for reporting, please specify your name, company, and position.)
btc rise planning
According to btc.com trading platform market data, the current price of Btc is $0.188, with a 24-hour increase of 5.74%.
It is reported that Bitcoin Cash (referred to as BCH) is a project initiated by Balaji Srinivasan, a well-known Bitcoin advocate and former CTO of the cryptocurrency exchange Coinbase, in January 2017. Btc aims to be a completely decentralized community governance token, with mechanisms to maintain network security, prevent malicious attacks, and ensure fairness and stability.
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