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Why Bitcoin Stands Out (I don’t need Bitcoin to be valuable, I’ll be fine without it)

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Why does Bitcoin stand out in the global financial market? Bitcoin is considered

Why Bitcoin Stands Out (I dont need Bitcoin to be valuable, Ill be fine without it)

Why does Bitcoin stand out in the global financial market? Bitcoin is considered a leader because it helps traditional currencies stand out and creates a new way to deal with growing market volatility.

Looking at history, the prices of other assets such as gold and silver have consistently risen, despite experiencing significant declines. However, as Bitcoin gradually matures, this digital currency is quickly rising. Its unique characteristics, combining storage and exchange value functions, as well as its role as a means of payment, make it attractive. Additionally, it can facilitate hedge fund investments, bank loans, and insurance companies holding these cryptocurrencies.

As more institutional investors enter Bitcoin, people are starting to pay attention to this emerging phenomenon, hoping to seize the opportunity for substantial investment returns. Therefore, there is reason to believe that Bitcoin will become a dark horse in the mainstream financial market.

However, if we focus on Bitcoin, we must consider the various issues it may bring:

1. How can we better educate investors on this technology?

2. Will Bitcoin have a greater impact beyond just individual traders’ interests?

3. Why is there such a significant return on investment?

4. Can the adoption of Bitcoin increase?

5. What is the supply of Bitcoin?

6. In recent years, as Bitcoin has developed and grown, its market value may continue to expand due to its network effect, making it a reliable store of value.

Why is Bitcoin valuable? I’ll be fine without it

Why is Bitcoin valuable? Don’t listen to what they say if you don’t understand it.

“If I consider my life as an investment or entertainment, then I would say it’s speculation and gambling.”

In recent years, “speculation” has become a trend, and blockchain technology is changing the rules of the game, allowing more people to enter the virtual world. “Trading coins” has become one of the necessities of people’s daily lives. However, as cryptocurrencies gain popularity, mainstream financial institutions start accepting and supporting digital asset transactions, and various application scenarios arise, this new globalized internet financial concept is being reintroduced.

Since the 1980s, Bitcoin has existed as a store of value tool. Its emergence provides investors with a new source of wealth that can track price changes between gold and silver. However, due to the lack of liquidity, Bitcoin has also become the main investment target relay for many investors. This means that when the market becomes too volatile, funds flow into Bitcoin.

Today, Bitcoin is at a historical high point. On May 1, 2020, the price of Bitcoin approached $20,000, dropped to over $4,000 in June, surpassing the levels of the bullish market at the end of 2017. The highest price in 2019 was approximately $200,000. Although Bitcoin has been continuously rising this year, it experienced a rebound after a correction in early February. However, recently, BTC has not fully recovered its original surge and continues to trade upwards.

Of course, for many people, Bitcoin is actually a very safe investment choice. This is because Bitcoin is currently not suitable for everyday shopping or savings.

So why do we often talk about what Bitcoin is and how it works?

First, we need to understand what Bitcoin is. It is a method of record-keeping used to record ownership information of goods. In general, each Bitcoin transaction needs to go through a complete process to be completed, so no one’s approval is necessary for verification. Simply put, if you want to buy some form of Bitcoin, you only need to enter your name and address in the exchange.

Second, everyone has a password ID that cannot be arbitrarily changed. This makes it easy for your private key to be lost, and no one can easily transfer the private key. In other words, no matter how much Bitcoin you have, it should not be revealed to others.

This is why Bitcoin is a scarce resource. For example, Bitcoin itself has extremely low utility value, and even if someone wants to sell some tokens, they don’t have to worry about their private key being stolen by hackers. On the contrary, they are transmitted through data sent over the network, which does not affect other users’ access to their accounts. Finally, Bitcoin is like a coin, indivisible and irreplaceable. Therefore, as long as enough individuals participate, Bitcoin can generate tremendous returns. It can be said that Bitcoin does have value!

Now, let’s return to the market situation:

Yesterday morning, Bitcoin opened near $38,000, reached a low of around $34,200, and then quickly dropped below the previous high of $46,000. Afterward, it continued to decline and…

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