Bitcoin I understand!
Bitcoin is a complement to the world monetary system. A non-violent consensus.
Fait, gold, bitcoin, each has its own advantages and disadvantages.
The value of any coin stems from demand, stemming from the trust of one person, from its place in one's brain.
First, value is subjective.
The same thing in the same space and time for everyone's value is not the same.
To give a chestnut, the value of water in the desert and the river is not the same.
Bitcoin has multiple attributes.
Hedging, purely out of curiosity to buy, money laundering.
Each property corresponds to a requirement.
1, Hedge demand requires stable Bitcoin currency prices and is widely accepted.
Compared with gold, easy to carry, but its acceptance is not as stable as gold.
2,Pure curiosity and buy. Less holds.
3, currency exchange.
Requirements of the best price stability, convenient exchange transactions
4, I believe the future will rise high and hold.
This may be the most.
5,Trading media.
For example, in some countries the legal currency collapses and everyone trades in US dollars or Bitcoin.
Trading requires a bitcoin, but in the end the bitcoin holder is really paying for bitcoin.
6,Bitcoin is valuable as long as the "believers" of bitcoin, the ultimate lender, exist.
The more people, the bigger the network.
But what is the value of bitcoin, how much is the price?
7,Why do bitcoin "believers" exist?
Because this is a relatively good medium of exchange.
it is easy to store, carry, divide, keep a constant volume, decentralize, and be free from space constraints.