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Are there any virtual currencies similar to Bitcoin?

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Are there any virtual currencies similar to Bitcoin? What can be like Bitcoin,

Are there any virtual currencies similar to Bitcoin?

Are there any virtual currencies similar to Bitcoin? What can be like Bitcoin, there are many virtual currencies like Bitcoin?

Since 2013, there have been countless tokens and projects emerging in various ways in the field of cryptocurrency, including DEFI, NFTs, DeFi, etc. These projects or applications related to encrypted assets are flourishing!

With the increasing development of Bitcoin, some companies are also seeking new commercial uses to support their business. For example, Coinbase and Square recently released their first consolidation plan, and they are also seeking to acquire Bitcoin mining companies. However, due to the high current price of Bitcoin (about $40,000 at the time of writing this article), this is a good thing for many people.

Now, besides traditional financial services, “what can keep up with Bitcoin’s changes” has become a fashion. But this kind of “way to keep up with Bitcoin,” seems to have become another trend. What is it? How popular is it? Can you see it as the next “star” on the Internet?

If we look back at the history of Bitcoin, you will find that Bitcoin has not actually experienced too many bull markets, or they have not changed much. “Everything is turning to blockchain technology,” which is a disruptive technology.

Of course, many people hope to understand this industry and its future trends from different perspectives—such as whether Bitcoin will become mainstream?

Perhaps the answer is Bitcoin. Although most people think of Bitcoin as a means of value storage, he says, “I believe it is part of the future.” There are many articles and discussions about this point, and some articles even classify this fact as “worthless.” In fact, many times, people may not realize why someone might think Bitcoin is a bubble and think that Bitcoin is just a Ponzi scheme. However, in fact, not all investment opportunities have such enormous volatility and composability disadvantages. Because for those who are trying to seize great opportunities, they can always see the benefits brought by Bitcoin.

In addition, even if not all digital gold can achieve the goal of doubling the price-like platforms such as Amazon and Tesla, Bitcoin can do it. Therefore, as long as more users are willing to use Bitcoin as a payment option, it can make itself closer to gold than ever before.

However, although this idea is exciting, Bitcoin is still in its early stages at some point. It is precisely because of this situation that many investors have to consider whether they need to make large-scale investments in BTC.

The original article is from ambcrypto, compiled by the BluemountainLabs team. The English copyright belongs to the original author. Please contact the editor for reprint in Chinese.

Are there any virtual currencies similar to Bitcoin?

Recently, many investors have started to think about various virtual currencies similar to Bitcoin. In my opinion, these virtual currencies are actually very similar to Bitcoin, and some even have a strong connection with it. For example, we have seen some exchanges that have launched many such currencies, and there have been projects specifically for this field to raise funds.

I personally think that some so-called virtual tokens are a common type of cryptocurrency, but many so-called virtual assets in the current market are indeed in a big bubble and do not have real value support. So, what are the virtual currencies that can be used for transactions like Bitcoin? Let’s take a look today. (I am the author Huang Xuejiao, for blockchain project reports/discussions, you can add WeChat hxjiapg, please specify your position and reason.)

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