Although Bitcoin has now reached a high price of $63,000, there are not many people who pay attention to and use Bitcoin, and Bitcoin is still a small minority. In fact, many people still don't know enough about Bitcoin, and there are many misunderstandings about Bitcoin.
First: the issue of the total amount of bitcoin
Some friends do not quite understand the total amount of 21 million Bitcoins, and think that the total amount of 21 million cannot meet the market's demand for Bitcoin. Someone once asked me, how can a bitcoin of more than 60,000 US dollars be taken out to buy things, it is not suitable for trading at all? Although the total amount of Bitcoin is only 21 million, it can be divided into less than 0.00001 for use, which means it can be 210 million or 210 billion. As long as the market needs it, Bitcoin can theoretically be decomposed indefinitely, so Bitcoin is sufficient to meet market demand.
Second: Bitcoin's current price is very high, I think people who hyped Bitcoin before have made a lot of money
In fact, this is also a misunderstanding. In fact, apart from Bitcoin miners who are the biggest beneficiaries of Bitcoin, other people who speculate about Bitcoin may not be able to make money. And even the income of miners is not as high as expected, because although the price of Bitcoin has reached 63,000 US dollars, few miners have been able to hoard Bitcoin until now. As for other people who speculate about Bitcoin, whether they are long or short, there is a possibility of losing money.
Now it’s too early to say that everyone who hyped Bitcoin before made money.
The most important point is that a large amount of Bitcoin is now being hoarded, which is also one of the most important factors driving up the price of Bitcoin. However, if these Bitcoin giants want to cash out now, they are under great pressure, because the market may not be able to digest so many Bitcoins. Although these Bitcoin giants have made a lot of money on the books, the money can only be said to be a floating profit. Only after a successful deal can they be said to have made money. But if these Bitcoin giants do not have the ability to digest Bitcoin when they sell Bitcoin, then they are likely to turn profits into losses. Now it is too early to say that the people who hyped Bitcoin before have made money.
Third: Bitcoin's current price is very high. There are already many countries and institutions supporting Bitcoin. Does it mean that Bitcoin has reached the point where it can be used freely around the world?
In fact, Bitcoin now seems to be very influential, but these are mostly appearances, and the number of active accounts in Bitcoin does not exceed 10 million. If you remove the bitcoin miners and the people who simply speculate on bitcoin, there are not many people left, and many people have multiple bitcoin accounts. Bitcoin is now just thunder and rain, and there are very few people who actually use Bitcoin for transactions.
Fourth: Some netizens are not sufficiently aware of the risks of Bitcoin. The hype about Bitcoin does not only refer to those who hold one or 0.1 Bitcoin. Their risks are often controllable.
As the saying goes, a bet is not counted as losing. Looking at retail investors who previously held Bitcoin, it is unlikely that they will lose money according to the current trend. But they are not the only people who speculate on Bitcoin. There are also many people who speculate on Bitcoin futures. This is the real Bitcoin gambler. Risks in the futures market I want to know everyone who knows about stocks. If you add high leverage in financing, it will not give you the chance to gamble or lose.
Under the temptation of highly leveraged funds, a one-point change in the price of Bitcoin may make people lose their positions.
Some people may not understand the role of leveraged funds in the Bitcoin market. Leveraged funds represent high returns and high risks. This is one of the charms of Bitcoin futures. For example, if someone uses 100,000 U.S. dollars plus 100 times leveraged funds to do long Bitcoin, if the price of Bitcoin drops by one point, without a margin call, he will be liquidated and directly lose 100,000 U.S. dollars in capital. gold. By the same token, if the price of Bitcoin rises by one point, he will also make a net profit of $100,000. Of course, in actual operation, interest and other related expenses need to be paid.
Fifth: And the most important point. Many people like to say that "When a Bitcoin is 100 dollars apiece, many people say it is a bubble, how can it be said that it is a bubble nowadays 63,000 US dollars?"
In fact, whether or not Bitcoin is a bubble is not directly related to how much it is worth. Whether it is a bubble is not directly proportional to how much it is worth. Casino's chips The casino says it is worth as much as it is worth, but in essence it is still a casino's chips. Whether Bitcoin is a bubble or not, it may be too early to define it. Let's wait for the large-scale issuance of central bank digital currencies in several major countries around the world.
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