I am sure the price of bitcoin in the future will be higher and we should not lose our confidence in bitcoin because the price is back evenly again which is something that can be expected again. Because I feel like bitcoin prices will bubble and rise again. When bitcoin becomes hot trend again.
Bitcoin Is not Dead and 1 bitcoin = 1 million $ soon
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What is bitcoin?
Imagine me and you are sitting in a park. I have an apple and I give you.
So you have an apple and I have no fruit. I can not control that apple anymore and you have full control over it. We also do not need a third person to help us make the transaction. We do not need to pull Tommy uncle to come just to sit with us and confirm the apple has been delivered from my hand to your hand. That is the way in-person transactions occur.
Now turn your apple into a digital apple. I still give my apple to you but will need some other action.
How to know this apple used to be mine and now is yours and I can not interfere. How to know I did not send this apple to Lisa or Joe as an attachment in the previous email. Maybe I copied it into thousands of apples before I sent it to you or even I posted it online and millions of people could download it.
So we need a ledger to record all of the apple's behavior. That's why the blockchain was born with bitcoins. And the miner is the operator of this ledger.
I have a friend who is a miner, can he help me cheat a few transactions are not. It is impossible to do so because the blockchain not only exists in a miner's computer, it is a public data warehouse that anyone can follow and participate in. conduct transaction. Each miner calculates a deal for a deal. Actually this is the only way to create more bitcoins in the system.
But bitcoin is limited. When creating bitcoins, Satoshi Nakamoto deliberately limited the bitcoin supply to just 21 million bitcoins, so if the more digging, the bitcoin source reaches the limit. Today, China is home to the world's most bitcoin.