people who believe in bitcoin, a virtual currency, love it to death. People who don't believe in bitcoin directly say that it is a fraud and MLM. So what is bitcoin?
1. Bitcoin is a network virtual currency with a limited number. It is similar to Tencent's Q currency, but it can be used for cash out: it can be exchanged into the currencies of most countries. You can use bitcoin to buy some virtual items, such as clothes, hats and equipment in online games. As long as it is accepted, you can also use bitcoin to buy real-life items.
The biggest difference between bitcoin and other virtual currencies is that its total quantity is very limited and has strong scarcity. The monetary system has no more than 10.5 million in the first four years, and the total number after that will be permanently limited to 21 million. Another point is that you can use computers to produce bitcoin.
Bitcoin is very similar to cash. The benefits of bitcoin are: it will not be frozen, can not be tracked, no tax, and the transaction cost is very low. So some people use it for online shopping, some people use it to support their favorite content, and others use it to play poker.
First of all, your computer should install the latest version of bitcoin client. After opening the client, it will automatically download all transaction information data on the network to the local. Depending on the network speed, this process may take several hours.
At this time, your account balance is 0. You can ask your friends to send you some coins, but there are two more feasible ways: one is to be a miner, the other is to be a businessman.
2. It is characterized by decentralization, anonymity, can only be used in the digital world, does not belong to any country or financial institution, and is not subject to geographical restrictions. It can be exchanged anywhere in the world. Therefore, it is used as a money laundering tool by some criminals.
3. In 2013, the US government recognized the legal status of bitcoin, which led to a sharp rise in the price of bitcoin. In China, on November 19, 2013, a bitcoin was equivalent to 6989 yuan.
4. On January 7, 2014, Taobao announced that it would ban the sale of Internet virtual currencies such as bitcoin and Wright coin from January 14.