Has bitcoin failed?

In 2011, you didn't buy bitcoin when it dropped from $31 to $2, and everyone who bought it said it was dead.

You didn't buy bitcoin in 2012, when it went up and down to the dollar, and a lot of players left because they said it was dead.

In 2013, bitcoins were in place before may.The trend is quiet, and not many people say what will happen to bitcoin in the future.You didn't buy it, and then in May the bank of Cyprus collapsed, and the bitcoin boom went up to 8,000.By 2000$, another large number said that bitcoin was dead.

It is very strange that bitcoin has died five or six times in a few years.

Is the reflection and study, a new things why want to "die" once a year, but the price is higher in 6 years 80000 times, the players up ten thousand times, there are more and more people believe in it and support it?

Someone invented a machine, we call it a car, its early forms of car engine is not stable, there is no spot lanes, or even for the gas stations, and gasoline is expensive, if at that time you will ask, why don't we continue to use the carriage, and to make the car through a thing help us transportation?

The bitcoin is the earliest digital currency, replacing it would be better digital currency, rather than money, it's like the most early cars, the earliest plane, the original money may not last for decades, but humans learned to use a machine to fly in the sky, with a machine faster and more efficient travel on land, in the future is also a better use of the aircraft and better car to replace it.

Finally, answer a few questions.

What exactly is bitcoin?

It is an application, the initial application and the sharpest application of a block chain network.

So what exactly can bitcoin change?

1. The government has the right to authorize the central bank to issue the local currency.

2. Commercial Banks

3. Securities institutions

4. Stock exchanges.

Back to the first question, since it's an app, what is the network system that supports it?

The next Internet

The above views were published in other platforms in 2014.