Why is there a price difference for Bitcoin (Why Bitcoin’s price will eventually reach zero)

Why is there a price difference for Bitcoin? Let’s first understand the reasons behind the creation of Bitcoin.

Firstly, Bitcoin is a currency that holds no intrinsic value. Its value is unrelated to its essence. Secondly, it is not influenced by any fundamental or technical factors that affect its price, but it plays an important role in people’s lives.

Due to the familiarity people have with the term “USD,” there are misconceptions about digital assets. For example, when you buy Bitcoin, the price might rise faster, while buying another Bitcoin might cause it to decline. But this does not mean that Bitcoin will not be accepted, as everyone’s beliefs are opposite.

So, here are the questions: 1. Why does this situation occur? 2. What is the technology behind Bitcoin? 3. Can Bitcoin replace traditional currencies like gold and oil? 4. What is the use of Bitcoin as a cryptocurrency? 5. How does Bitcoin operate? 6. What is a Bitcoin trading platform? 7. One of the most important functions in the Bitcoin network is transaction fees. These fees are paid in cash but are minimal in the cryptocurrency market. To make transactions easier, merchants only need to hand over the money to achieve this goal. Additionally, traders can transfer funds from Bitcoin to the exchange in other ways.

Bitcoin’s price difference is due to its decentralized network, unlike traditional financial markets controlled by a single institution. Generally, the term “blockchain” refers to a protocol running on a computer system that has the function of smart contracts. It can execute information exchange and data transfer between transaction or contract rules (e.g., sender/receiver). Bitcoin exists in the internet world mainly because of its design concept, where each transaction needs confirmation from two nodes to be completed, ensuring the normal operation of Bitcoin. In other words, it is the “block size proof” (Block capacity) or “miners.”

In simple terms, the block size refers to the content contained within a unit space, which can represent a state, with hash values recorded in this process. If the hash rate is lower than the number of blocks Bitcoin has mined, the computational power in the Bitcoin network will decrease. This is known as the block size debate because blocks are created collectively by different parties, and each participant has their own ledger recording the same information.

Why is there a price difference for Bitcoin? As time goes on, Bitcoin’s development history becomes longer, and it has developed many new uses.

Why Bitcoin’s price will eventually reach zero

Bitcoin’s volatility is significant, dropping 80% in the past 24 hours. According to Bloomberg, Bitcoin’s price is now close to zero.

Original author: Peter Brandt

Since the birth of Bitcoin, its price has been on a declining trend. However, when it entered the bear market, this situation changed. Although there have been recent reports of a possible bottom rebound, cryptocurrency analysts remain optimistic and believe that Bitcoin will soon break $10,000. Why has there been so much decline? This is caused by several factors. Firstly, there is a decrease in global liquidity and an increasing adoption of cryptocurrency by regulatory agencies. Secondly, the market is filled with fraud, manipulation, and corruption, which are major concerns. The third reason is that investors must proceed with caution to avoid losses. The fourth point means that investors can choose to invest in broader markets instead of these assets. The last reason is the failure of Ethereum, resulting in a significant sell-off (ETH/BTC) and forced closure of DeFi applications, which may make Ethereum more unstable.

As the cryptocurrency industry continues to mature and the applications surrounding blockchain technology grow, many believe that Bitcoin and other cryptocurrencies will replace fiat currencies in the coming years. However, most people still worry that the volatility or collapse of the crypto market will affect their decisions, and they need more time to understand this. (EthereumWorldNews)