Why does Bitcoin have purchasing power (why does Bitcoin have a market)

Why Bitcoin has purchasing power Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com) and is authorized to be reprinted by Daily Planet Why does Bitcoin have purchasing power? What can it do? If you want to invest in Cryptocurrency in the future, you should first understand its value proposition:

1. Predictable returns

2. Transaction fees

3. Volatility risk

4. Decentralized finance

5. Scalability and security

6. Portfolio is the most important point

7. Price Trends and Chain Behavior

8. Network Security

9. Probability of 100000 Times

10. Transaction Fees and Block Rewards

Why Bitcoin Has a Market

Editor’s Note: This article is from the Caiyun Blockchain (ID: cybtc_com), authored by irish, reprinted by the Daily Planet Daily with authorization As Bitcoin prices rise to historic highs, market sentiment is also constantly strengthening. In the past year, the value of the encryption asset market has exceeded the US $10 billion mark, while Ethereum and XRP currently rank the third in terms of market value Nevertheless, the price of Bitcoin is still much higher than most people expected. Since its launch in 2017, Bitcoin has been steadily increasing. As of June 30th this year, the transaction price of this token was $20000 per coin. On the contrary, Ethereum is still the largest competitor of its competitors. In addition, according to CoinMetrics, the number of active addresses on the Ethereum network has soared by nearly 1000% However, interestingly, the daily total transaction volume of Bitcoin has remained relatively low. According to reports, there are only an average of about 900 transactions per day – the largest increase since 2011. Bitcoin has not been used as a currency, “said research firm Arcane Research, Because it is one of the most liquid and non politicized forms of currency in the world; However, due to its numerous use cases (such as US dollars), it cannot be used for daily commercial purposes To solve this problem, Bitcoin adopts a very simple technology called “algorithm”. This technology can transfer ownership and control to a person owned and managed by multiple entities, who obtain funds by providing financial services

Although Bitcoin is not the only widely accepted form of digital gold, it also has many other uses, including Decentralized Exchange (DEX), Stablecoin and hedge funds For example, when people want to purchase a digital product, they will need to hold a certain type of virtual product and convert it into another type of product. In other words, they are actually a security, not an investment Bitcoin’s unique attributes have garnered mainstream attention. Recently, US regulatory agencies have issued a ban on Bitcoin futures trading, requiring investors to be fully prepared before trading. According to a report released by the Wall Street Journal in August, the spot price of Bitcoin reached a record high of $13500 in the second quarter of 2019.