What does it mean to own Bitcoin?

Updated on Financial 2024-04-04
16 answers
  1. Anonymous users2024-02-07

    First, a bitcoin wallet software, installed on your computer, and then you can open your wallet, of course, this wallet is like you open a folder, there is nothing in it. Each bitcoin wallet is a unique string of characters, you tell others about this string of characters about your wallet address, and others will give you some bitcoins according to this address, that is, a string of **, which will show how many bitcoins you have in your wallet. Of course, you can also mine by yourself, which is very laborious and laborious, according to the current market price, a bitcoin is about 1550 yuan, and the bitcoin mined now is not enough for electricity consumption.

    And for newbies, the mining process is very complicated. Working 24 hours a day with an ordinary laptop may not be able to mine a bitcoin in ten years. Work hard to focus on your industry and wait for Bitcoin to rise in value!

  2. Anonymous users2024-02-06

    Bitcoin bull Tim Draper said, "It will be Bitcoin, not the banks and **, that will save the world." ”

    Dan Schatt, CEO of crypto lending platform CRED, believes that while the current global liquidity crisis threatens to destroy some asset classes, in the short term, Bitcoin and cryptocurrencies will prevail.

    "Bitcoin has proven to be very resilient," Schatt said. That's a 33% increase compared to a year ago.

    Why? It continues to gain popularity as a store of value that will not be diluted. Due to inflation, a dollar in 1970 is now worth only dollars.

    In 50 years, Bitcoin won't have the same rate of inflation."

    Above!!! I copied the ...... from the web

    For me, Bitcoin was bought to make money, and the words "Bitcoin" and "blockchain" have been too popular in the past two years.

  3. Anonymous users2024-02-05

    Bitcoin is a kind of "electronic currency", composed of a complex string of computer-generated **, new bitcoins are created through a preset program, as the total amount of bitcoins increases, the speed of new coins is slowed down until the total amount of 21 million is reached in 2140, and the total number of bitcoins mined has exceeded 12 million.

    Reference: 808 Bitcoin Network.

  4. Anonymous users2024-02-04

    Similar to the network virtual object of Q coin, but through a very strict procedure, the increase is very limited, and it is estimated that it will not be produced in a few years.

  5. Anonymous users2024-02-03

    When the same is used for investment and financial management.

  6. Anonymous users2024-02-02

    To put it simply, it is virtual currency, a weapon for money laundering.

  7. Anonymous users2024-02-01

    A virtual currency. People are very hot.

  8. Anonymous users2024-01-31

    It is a digital virtual currency

  9. Anonymous users2024-01-30

    It is a digital virtual currency

    Now the state is cleaning up this type of currency.

  10. Anonymous users2024-01-29

    Virtual currency according to their rules more speculation more and more valuable, the use of people's psychology of not cheap sales, not to mention their own hard work to dig the air, financial predators do not have a good industry, on the speculation of virtual coins to formulate a rule, all the work is for you to do mining, software, etc., there are more people who buy and sell, they just need to wait for the stock price to make money, and when it rises to a certain time, they will sell it to make money, the currency itself does not have any actual value, unlike how it falls, it can also be used to smash people, this fall is not even a fart, In a word, too dark and too dark!

  11. Anonymous users2024-01-28

    To put it simply, Bitcoin is a P2P form of encrypted digital currency, which is generated by computing power. The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and has strong scarcity, so the ** of Bitcoin is also very high.

    Bitcoin is a virtual currency that is available in limited quantities, but it can be traded on some digital currency trading platforms and can also be used to cash out. Or you can use Bitcoin to buy some virtual items, such as clothes, hats, equipment, etc. in online games, as long as someone accepts, you can also use Bitcoin to buy real-life items, and now more and more merchants accept Bitcoin payment.

  12. Anonymous users2024-01-27

    Bitcoin is currently the most widely used digital currency. Born on January 3, 2009, it is a peer-to-peer (P2P) transfer of digital cryptocurrency with a total amount of 21 million coins. Bitcoin is favored by technology enthusiasts due to its characteristics of decentralization, global circulation, low transaction fees, anonymous circulation, exclusive ownership, and cross-platform mining.

    Recently, traditional financial institutions such as Wall Street and central banks of many countries have begun to study Bitcoin blockchain technology, and Japan** officially recognizes Bitcoin as a legal payment method, and more and more Japanese merchants accept Bitcoin payment. You can check the detailed currency information in Zhongyuan.

  13. Anonymous users2024-01-26

    Bitcoin is a P2P form of virtual encrypted digital currency, Bitcoin does not rely on a specific monetary institution to issue, it is based on a specific algorithm, through a large number of calculations, Bitcoin economy uses the entire P2P network in the distributed database composed of many nodes to confirm and record all transaction behaviors, and the use of cryptography design to ensure the security of all aspects of currency circulation.

    Bitcoin is an e-mail electronic cash, both parties to the transaction need an email similar to the "Bitcoin wallet" and an email address similar to the "Bitcoin address", through the digital currency trading platform such as ZB to obtain the Bitcoin address, many technology players have begun to accept Bitcoin transactions.

  14. Anonymous users2024-01-25

    Bitcoin is a virtual asset, Bitcoin is operated through the blockchain, through mining to generate new Bitcoin, through the Chinese currency trading platform to circulate. You can also see the increase on the Zhongbi platform.

  15. Anonymous users2024-01-24

    Bitcoin miners calculate in order to find a random number that matches the requirements of the function. Once this nonce is found, it will be eligible to guess the lead block on the chain and earn transaction fees and bitcoin rewards.

  16. Anonymous users2024-01-23

    Bitcoin is a digital currency that enables the use of decentralized computing power to maintain a verifiable public ledger in which every transaction is recorded.

    Bitcoin is a digital currency that can be used for transactions and payments, and is a decentralized peer-to-peer technology that uses decentralized computing power to maintain a verifiable public ledger.

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