Bitcoin is different from other currencies. It does not depend on the issuance of a specific monetary institution, but is generated by a large number of calculations according to a specific algorithm. Bitcoin economy uses distributed database composed of many nodes in P2P network to confirm and record all transactions, and uses encryption technology to ensure the security of all aspects of currency circulation. The decentralization of peer-to-peer networks and the algorithm itself can ensure that the currency value will not be manipulated by the mass production of Bitcoin. The design based on encryption technology can make bitcoin only be transferred or paid by the real owner. It can also ensure the anonymity of currency ownership and circulation transactions. The biggest difference from other virtual currencies is that the total amount of bitcoin is very limited and very scarce. The total monetary system will not exceed105,000 in four years, and will be limited to 2 10/05,000 for a long time.
As for how Bitcoin makes money, it is naturally invested and purchased directly on the digital currency Stock Exchange. At present, on the OKEx platform, the price of a single bitcoin is more than 50,000 US dollars, equivalent to more than 350,000 yuan. Due to the skyrocketing prices of mainstream digital currency such as Bitcoin, it has become an illusion for ordinary players to own complete Bitcoin. However, the product attributes of digital asset contracts make it easy for ordinary users to realize this dream. Under the premise of using scientific leverage, setting the stop-loss position in advance, and doing a good job in risk control, contract transactions can leverage assets by dozens or even hundreds of times, allowing users to easily obtain high returns in a short time. Ou Yi OKEx contract has a deep obstacle and a small sliding point. Selling at the marked price reduces the transaction cost of users, and at the same time has the ability of real-time settlement, which improves the transaction income of users.
Contract trading makes the trading strategy of virtual assets diversified, and can conduct long and short transactions at the same time. At the same time, the spot market and the contract market will also conduct each other, making the whole digital currency market bigger and bigger. In the next 5- 10 years, the trading volume of digital asset contracts will exceed the trading volume of commodities such as gold and crude oil. For institutional investors, it is difficult for them to gain an advantage in the spot market, but Ou Yi OKEx responded to this and dominated the derivatives market by expanding trading methods.
What is Bitcoin? This problem is not well understood by many people. We can regard it as a kind of virtual currency with high value. If you want to participate in bitcoin investment transactions, you can go directly to Ou Yi OKEx Exchange.