I believe that investors need to have a correct and clear understanding of Bitcoin in order to judge whether to buy or not. Bitcoin seems to share the dividends of the blockchain in the long run. After all, there is Bitcoin first and then the blockchain. In the short term, the entire long-term process will always be accompanied by constant differences and games between funds and funds. The long-term inevitability cannot conceal the short-term game. Therefore, the source and attributes of the investor's principal determine whether the investor's mentality can withstand short-term fluctuations. The health of the principal source should be in this order: own idle funds>own funds>family funds>others’ funds>borrowed funds. For a novice, if the principal is not available, it is its own idle funds, at least it must be its own funds. Before years of proving to be fully capable of investment, the last three options will only add endless troubles and risks to our future. Of course, when you are really confident in Bitcoin and feel that it will certainly rise sharply in the future (Just like it was in February 2020), but you are limited by no funds on hand, you can consider using a credit card to buy. Well-known exchanges with strong execution power have already launched such services, such as ZB.com. But it should be noted that this will undoubtedly increase your investment risk, so invest rationally.
Personal advice, don't buy or sell bitcoin frequently, try to hold it for a long time. Because you have no way to clearly predict the short-term trend, but in a long-term trend, you are more likely to get the bonus of rising prices.
Individuals believe in the principle of investment is the same source of profit and loss. That is, you can find the right way to make money by knowing how you lost money. For novices, never invest in projects that are incomprehensible. Any investment market has its own rules and laws. As an investor, the first thing is to figure it out. It is recommended that novices should learn more about investment and cryptocurrency. If the channel is available, they can choose ZB.com's novice courses or ask questions on the forum.
My opinion has always been very firm, that is, Bitcoin has no value. If Bitcoin must be valuable, it is just illegal value. Some people say that Bitcoin is non-issuable, and the total amount is limited to 21 million. At the same time, it has the characteristics of decentralization and can effectively resist inflation. Therefore, Bitcoin is the lifeline of the human economy in the future and will replace the official currency of all countries. I don't agree with this point.
My attitude towards Bitcoin is roughly as follows: 1. When necessary, I am willing to exchange Bitcoin for cross-border payments. 2. I am not interested in holding large amounts of Bitcoin. However, if cross-border payments become troublesome in the future, I will probably hold small amounts of Bitcoin for various expenses for a long time. 3. I think this is "the way Satoshi Nakamoto expects to use Bitcoin". 4. I believe that Bitcoin will be remembered by later generations as an unsuccessful anarchist experiment, indicating that its unregulated finance is destined to become a tool of speculation and crime. But this is at least an attempt, and people will remember this attempt.
I think Bitcoin is an eternal bull market. That is to say, regardless of whether it is bought at any time or held for more than four years, the income will exceed the financial management income of ordinary people. This situation continued until the day when Bitcoin became the universal currency of the world.
I see a view that classifies the value of Bitcoin as an illegal value, and I am very opposed to it! Anyone who has learned a little bit of blockchain knowledge knows that the blockchain has a feature called immutability. This means that the transactions posted to each block cannot be modified. There is also a feature called traceability, which means that the source of every bitcoin is recorded. How much money you have is not based on a ledger to write your current balance, but from now on. The original mining source of this money. So Bitcoin is difficult to use illegally.
I believe that investors need to have a correct and clear understanding of Bitcoin in order to judge whether to buy or not. Bitcoin seems to share the dividends of the blockchain in the long run. After all, there is Bitcoin first and then the blockchain. In the short term, the entire long-term process will always be accompanied by constant differences and games between funds and funds. The long-term inevitability cannot conceal the short-term game. Therefore, the source and attributes of the investor's principal determine whether the investor's mentality can withstand short-term fluctuations. The health of the principal source should be in this order: own idle funds>own funds>family funds>others’ funds>borrowed funds. For a novice, if the principal is not available, it is its own idle funds, at least it must be its own funds. Before years of proving to be fully capable of investment, the last three options will only add endless troubles and risks to our future. Of course, when you are really confident in Bitcoin and feel that it will certainly rise sharply in the future (Just like it was in February 2020), but you are limited by no funds on hand, you can consider using a credit card to buy. Well-known exchanges with strong execution power have already launched such services, such as ZB.com. But it should be noted that this will undoubtedly increase your investment risk, so invest rationally.
Personal advice, don't buy or sell bitcoin frequently, try to hold it for a long time. Because you have no way to clearly predict the short-term trend, but in a long-term trend, you are more likely to get the bonus of rising prices.
Individuals believe in the principle of investment is the same source of profit and loss. That is, you can find the right way to make money by knowing how you lost money. For novices, never invest in projects that are incomprehensible. Any investment market has its own rules and laws. As an investor, the first thing is to figure it out. It is recommended that novices should learn more about investment and cryptocurrency. If the channel is available, they can choose ZB.com's novice courses or ask questions on the forum.
My opinion has always been very firm, that is, Bitcoin has no value. If Bitcoin must be valuable, it is just illegal value. Some people say that Bitcoin is non-issuable, and the total amount is limited to 21 million. At the same time, it has the characteristics of decentralization and can effectively resist inflation. Therefore, Bitcoin is the lifeline of the human economy in the future and will replace the official currency of all countries. I don't agree with this point.
My attitude towards Bitcoin is roughly as follows: 1. When necessary, I am willing to exchange Bitcoin for cross-border payments. 2. I am not interested in holding large amounts of Bitcoin. However, if cross-border payments become troublesome in the future, I will probably hold small amounts of Bitcoin for various expenses for a long time. 3. I think this is "the way Satoshi Nakamoto expects to use Bitcoin". 4. I believe that Bitcoin will be remembered by later generations as an unsuccessful anarchist experiment, indicating that its unregulated finance is destined to become a tool of speculation and crime. But this is at least an attempt, and people will remember this attempt.
I think Bitcoin is an eternal bull market. That is to say, regardless of whether it is bought at any time or held for more than four years, the income will exceed the financial management income of ordinary people. This situation continued until the day when Bitcoin became the universal currency of the world.
I see a view that classifies the value of Bitcoin as an illegal value, and I am very opposed to it! Anyone who has learned a little bit of blockchain knowledge knows that the blockchain has a feature called immutability. This means that the transactions posted to each block cannot be modified. There is also a feature called traceability, which means that the source of every bitcoin is recorded. How much money you have is not based on a ledger to write your current balance, but from now on. The original mining source of this money. So Bitcoin is difficult to use illegally.