Bitcoin carnival, is it the end or the future? #FinancialManagement#Investment#Bitcoin#Cryptocurrency#Virtual Currency#Rattalkworld #rat哥说天下#current affairs hot spots

Bitcoin’s Carnival Doomsday or Future? A 40% surge in less than 20 days must be accompanied by a monster. Friends, who is that monster you hide behind Bitcoin? Bitcoin’s recent rise has almost caught up with Musk’s new store. From less than 70,000 US dollars when it opened on November 6, to today’s peak of nearly 100,000 US dollars, Bitcoin’s growth in just 20 days The increase is enough to give birth to a new group of top rich people in the world. Why did Bitcoin suddenly surge? Why is Bitcoin valuable? The last time Bitcoin surged was in February of this year. There were two reasons for the surge at that time. One was because the Bitcoin ETF had just been approved and a large amount of funds poured in. The other was that the small Bitcoin mining chain was approaching the point of shrinking. Half of the critical value, which means that it will be more difficult to obtain Bitcoin in the future, causing Bitcoin to skyrocket by 44% in a month. So what is the reason this time? If you have observed the recent trend of Bitcoin, you will find that this rise began on November 6th, yes, that was the day Trump was elected. Therefore, the current rise in Bitcoin is absolutely inseparable from Trump. Trump said during the campaign that if he eventually takes office, he will not only abolish existing anti-encryption laws. Currency organization, he wants to set up an organization specifically to support cryptocurrency, and during his lifetime, the U.S. government will not sell any Bitcoin. More importantly, he once mentioned in an interview that he would not rule out the idea of ​​using Bitcoin to pay U.S. debt. You know, the United States, as the country with the largest number of Bitcoins, only has more than 200,000 Bitcoins. Calculated according to the current value, it is close to 20 billion U.S. dollars. Although compared with the 35 trillion U.S. debt, it is just the tip of the iceberg. If Bitcoin continues to rise, this number will only increase. If you know Trump, you will find that in 2019, Trump also publicly criticized Bitcoin as if air has no value, but in this election, he made a 180° turn, and Bitcoin is a symbol of freedom. This The transformation is very intriguing, and one has to wonder whether it has reached some kind of agreement with the big guys in the currency circle? After all, the countries and big guys who currently hold Bitcoin are actually not. If the United States wants to form a new peg with the U.S. dollar by controlling the pricing of Bitcoin, further consolidating the hegemonic system of the U.S. dollar, and allowing big bosses to harvest a wave of international capital, it is not impossible. Some friends may ask, why can Bitcoin skyrocket with just a few words from Trump? As a virtual currency, why does Bitcoin have its value? Ah, puppy, let me give you an example. Suppose we live on a distant planet. There are no banks on this planet. When people trade, they use a special kind of stone. Let’s call it bitite. This bit stone has several characteristics. First of all, it is limited. There are only 21 million pieces in total. It will not be regenerated and is very rare. Secondly, this stone has undergone special treatment and is almost impossible to be counterfeited. It also has its own precise method to identify it. Finally, this stone is very popular. Everyone is willing to exchange it with their own food and clothes. Hey, if you look at this stone now, does it look similar to the gold on our earth? In fact, no matter what it is, as long as it meets the above three basic conditions, it has the possibility of becoming a currency, and Bitcoin is such an existence. In 2008, a mysterious codename named Satoshi Nakamoto published a white paper called Bitcoin, which brought Bitcoin to people's attention for the first time. Ah, the reason why Bitcoin was invented is because Satoshi Nakamoto believed that money should be decentralized. So what is decentralization? Imagine that there is a big market in your village. Everyone buys and sells things in this market, but every transaction needs to go through the village chief, because the village chief has the only account book in his hand and records who owes whom how much. This is a centralized system, and the village chief is the center. What are the disadvantages of this system? All transactions made with you must be reported to the village chief, and make sure the village chief writes them down in the ledger. Secondly, you must unconditionally trust the village chief, believe that he will not misremember the accounts, and that you will not favor anyone. In the end, all transactions are made by the village chief. If the village chief says you have no money in your account book, then you really have no money. So the village chief actually controls everyone’s money. Isn’t it dangerous? And this village chief is the big and small banks in our real life. So how does Bitcoin achieve decentralization by bypassing accounting? The answer is through a public ledger. Suppose we no longer need long-term accounting, but everyone has a ledger. Every transaction must be checked together to ensure that the transaction is authentic, and then everyone records it in their own ledger. Write it down so that no one can control and operate the transaction, because everyone will participate in the accounting. Even if someone tries to change the ledger, he cannot change everyone's ledger. This ensures the security of the transaction, and this ledger is called blockchain technology. When a transaction occurs, each person who keeps the account is a node in the blockchain, and there will be a node every 10 minutes. After a more professional person counts all the transactions during this period and confirms that there is no problem, he packages them with a password lock and hangs them under the previous block. He himself will also receive new Bitcoins as a reward. As for this person, just call him. The behavior of miners to obtain Bitcoins by packaging the blockchain is called mining, and it is the only way to obtain new Bitcoins. Since the total number of Bitcoins is set by Nakamoto Village at 21 million, the mining rewards are also gradually declining. Every time 210,000 blocks are completed, the mining rewards will be halved. At the beginning, miners would receive 50 Bitcoins for every new block mined. In one or two years, this reward became 25 Bitcoins. Until April this year, the mining reward became 3.125 Bitcoins. Since Bitcoin can be divided infinitely, according to this rule, Bitcoin will never be mined out, but will approach 21 million infinitely. In any case, when the method of Bitcoin becomes more difficult, it means that Bitcoin becomes relatively scarce, and then you can understand why Bitcoin will have a surge in the first quarter of this year. In addition to scarcity, what determines the value of a currency is acceptance, also known as the credit multiple. Why do people want to use US dollars? Because oil must be bought and sold in U.S. dollars, and everyone needs oil, the acceptance of U.S. dollars has increased. The same is true for Bitcoin. As a representative of cryptocurrency, the value of Bitcoin rises as more and more people buy and recognize it. That’s why every time a country or big guy buys Bitcoin, a new platform allows the use of Bitcoin. trade, or when a heavyweight like Trump publicly supports Bitcoin, its price will skyrocket. To put it bluntly, if a currency is not recognized, it cannot circulate. Without circulation, it loses its most essential value as currency. The opposite is still true. In addition to Bitcoin, there are many virtual currencies in the world, such as Ethereum, Tether, etc. For example, Musk is a supporter of Dogecoin. Since there are relatively few holders of Dogecoin, Musk basically determines the life and death of Dogecoin on his own. For example, in May 21, Musk said in a show interview that Dogecoin was a scam, which directly caused Dogecoin to plummet by 40%. Recently, Musk announced that government efficiency is not good because government efficiency is not the abbreviation in English. Like Dogecoin, it directly caused Dogecoin to rise by 19%. At this point, you may want to ask, since virtual currencies are so powerful, why does China ban the buying and selling of cryptocurrencies? There are actually more complicated reasons for this. First of all, although the anonymity and decentralization of virtual currency bring convenience, it also lacks unified supervision and becomes an ideal tool for many money laundering and illegal transactions. For example, Zhao Changpeng, the founder of Bian, the world's largest cryptocurrency exchange, was accused by the US government of participating in money laundering in 2003, and Tian's senior executives were also accused. Charged with financing terrorists. Secondly, virtual currency is traded 24 hours a day without interruption. After all, there is no fixed credit entity as endorsement, and the volatility is very high, which can easily lead to financial risks. For the sake of the stability of the financial system and the safety of everyone’s funds, the Chinese government has chosen to ban cryptocurrency. After all, just a 50-year-old is already a headache. So, what will happen to Bitcoin in the future? Some people believe that Bitcoin will eventually replace the traditional currency system and become a universal means of payment. Others believe that Bitcoin is just a bubble, a pontifical market scam that will eventually hit people's hands sooner or later. But it is undeniable that Bitcoin has opened the door to a new era. Whether it is good or bad, it has changed our understanding of currency and finance. After all, risks and opportunities always coexist. Mandarin Plus The Natural Wealth Steward Everyone Needs. If you like our video, please like and subscribe!