It is no exaggeration to say that as long as there is no state participation in digital currency and there is no similar stock supervision mechanism, then Bitcoin is just a tool for harvesting leeks. You must know that Bitcoin itself is worthless and there is no real economy to support it. Its value depends on the beliefs of people in the community and currency circle. As the first digital currency in the world, the significance of Bitby itself is extraordinary, so its birth is actually that most users choose it when they have no other choice. If you know the history of the rise of ETH, you must know that BTC was banned from trading for a while, and ETH rose under that circumstance. It is no exaggeration to say that after the disappearance of Bitcoin, ETH may eventually replace BTC, and the meaning of BTC's existence is "a common currency that everyone can trust to some extent".
To know that Bitcoin uses blockchain technology as the underlying technology, other attributes will not be mentioned. In terms of cross-border payment, asymmetric encryption, security and privacy, it has created many convenient conditions for the transfer of funds. So there are many individuals or teams who need this, and they are converting funds through digital currency trading. As for the ways and methods of transformation, I won't introduce them here. Everyone in the circle knows how to play, and outsiders don't need to know how to operate this thing. Once the operation is wrong, their bank cards will be blocked, which is also common. But when it comes to the value of bitcoin, I think we should consider it from three points. One is whether digital currency can be internationalized. Although bitcoin has been recognized by many people now, it is still not fully popular. Moreover, at the national level, Bitcoin is not controlled by the state, and no country in the world will allow it to exist.
Therefore, the property of bitcoin is not like currency, but more like a product, that is, futures. In addition, the future development direction of Bitcoin has a lot to do with whether it is regulated or not. Bitcoin once fell below 30,000 yuan, but it had a lot to do with national policies. Although bitcoin has now exceeded 300,000 RMB, it is all pulled down by capital and team manipulation. As long as there is demand from capital and team, the price of BTC will fall back to 30,000 yuan or even rise to 600,000 yuan tomorrow, which is related to the operation of capital and team. Finally, what can BTC be used for? Now the value of BTC depends entirely on other digital currency, while the value of most other digital currency depends entirely on Latin America. If all these digital currency collapses, it means that BTC will have fewer application scenarios and its value will plummet. Although some countries recognize the value of Bitcoin, some countries do not recognize its value, which will inevitably lead to changes in the value of Bitcoin. Only a few leeks in the currency circle make money.
According to my estimation, the value of Bitcoin will continue to rise, and it will continue to issue more shares, which is equivalent to a large plate. In order to attract more people to into the pit, Bitcoin will definitely attract investors by rising, and then gain by controlling the market. This can also be seen from the rise and fall of Bitcoin and the changes in funds in the past five years.