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What is the price of Bitcoin (what is the concept of Bitcoin)

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What is the price of Bitcoin (what is the concept of Bitcoin)

What is the price of Bitcoin? According to the Hotcoin market, Bitcoin has finally experienced a rebound after experiencing a period of decline. According to CoinMarketCap data, Bitcoin’s 24-hour growth reached 11.4%, while Ethereum (ETH) rose to more than 19.6% over the same period. In addition, from historical data, the price of Bitcoin fluctuates significantly. The price trend has been in a sideways trend from November 16, 2018 to the end of 2018. Since January 2019, Bitcoin prices have been declining and began to fluctuate and decline at the end of 2018. What is the price of Bitcoin What is the concept of Bitcoin? Where did it come from. What is Bitcoin, its origin and development process, have made many people wonder, what value does Bitcoin have Firstly, we know that Bitcoin is a digital gold belonging to the monetary system. Since its introduction in the white paper on January 2, 2008, there have been many discussions about cryptoassets and blockchain technology. However, these discussions are basically based on one question: why do we issue tokens for trading? The answer to this question is that Bitcoin has characteristics such as anonymity, security, and verifiability; Another reason is that Bitcoin itself is a decentralized Electronic cash system, and its essence is actually a unit of account. No one can modify or change Cryptography algorithms, so people have a low awareness of Bitcoin, which has always been a concern of people. Therefore, it can be said that most of the currency currently circulating in the market does not have any substitute, nor can it be used to purchase goods and services like other fiat currencies Next, let’s take a look at the economic model of Bitcoin. According to economists’ general belief, the “inflation rate” is driven by market demand, because when prices fall, it will lead to a significant decrease in supply, resulting in a balance between supply and demand. In the past few years, this trend has become increasingly apparent over time, accompanied by changes in some factors – for example, US President Trump recently changed his Twitter profile to a Facebook profile featuring Facebook Libra, which has sparked global social attention; Even many central banks are considering introducing similar stabilization mechanisms. So what are the characteristics of Bitcoin

1. A total of 21 million

2. BTCs that cannot be forged or destroyed

3. Fully open source protocols

4. Smart contract Codebase without license

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