To understand Bitcoin, we must first understand what blockchain is, who is Satoshi Nakamoto, point-to-point asymmetric encryption technology, digital currency trading market, and whether there is a bubble in digital currency, and then talk about other issues.
Blockchain itself is an underlying technology. Bitcoin is considered as the most successful product in the application of blockchain technology, and Satoshi Nakamoto is the person who published a paper to study a certain cash transaction system. Bitcoin was born because of him. At first, he defined Bitcoin as a token, and everyone called it a token. In fact, it is more appropriate to call it a certificate. Its real property should be similar to "equivalent gold exchange capacity".
Moreover, digital currency's application scenarios are mostly virtual, somewhat similar to futures and concept stocks, which have no value at all, but are endowed with certain value by various countries, regions, institutions and individuals based on some of its attributes.
Therefore, as a small white, if it's just speculation, you don't need to know this. But if you want to use bitcoin, you must first learn the most basic knowledge, otherwise you won't even know the hot and cold wallet. It is easy to cause losses to yourself.
The most common scenario of Bitcoin is to buy legal tender or other digital cryptocurrencies from various countries.
Or some trade scenarios that specify bitcoin as a payment method. For the consumption of daily life, it is currently used less.
Development is inevitable, existence is reasonable, and the digital currency era is coming. To be a social person and a participant in economic activities, we need to learn and understand the new technology of decentralized distributed bookkeeping blockchain represented by Bitcoin (BTC) in advance. From agriculture, industry, computers, mobile Internet to blockchain, this is another transformation in the new era!
The arrival of new things, supervision is often not in place, so all kinds of well-known J-plates, all kinds of air coins that come out of thin air, and all kinds of Ma Pingchuan bureaus emerge in endlessly, which are popular, taking advantage of the wind to rub hot spots, selling dog meat with sheep's head, and making ignorant Xiaobai be accepted as leek and cut one crop after another.
New infrastructure, new technologies and new industries are pregnant with new business opportunities. If you want to lose no time to earn the first bucket of gold, please accept it humbly and study patiently first, otherwise it will be the same sentence: make money by luck, lose by strength.
Cherish your life and stay away from Bitcoin unless you are better than Warren Buffett.