This year, Bitcoin from the beginning of April 800USD, straight up to the current 2860USD high, but also in the rise:
So many people are anxious: Bitcoin rally so good, is it that I should also buy a little? But are so high up, but also to buy it?
There are two main reasons for this wave:
First, Bitcoin began to be gradually recognized by all countries. Bitcoin's public image has shifted from venture capital to safe investment. Over the past year, six countries, including Malta, Japan, Australia, China, the Philippines and South Korea, have solved the problem of Bitcoin's regulation, and some countries have considered Bitcoin as a legal currency , While other countries think Bitcoin is a payment network and remittance.
This statement is in fact a problem, because even if the closest recognition of Bitcoin for the currency of Japan, the central bank is also defined as the equivalent of the conventional currency of the virtual currency, "can be used for payment and digital transactions." "Legal currency", but have a national credit endorsement, and now which country can not do it By the way, the definition of the People's Bank of China is "specific virtual goods", "can not and should not be used as a currency in the market," to say is considered an investment goods. But after all Bitcoin's image and recognition is on the rise, but also a good bar.
The second explanation is the problem that has plagued Bitcoin's long-term expansion. At the 2017 consensus meeting on May 23, 56 digital money companies from 21 countries around the world reached a consensus on Bitcoin's expansion.
This problem is explained by the comparison of technology, simply that is, the original Bitcoin network, the size of each block up to 1Mb, can accommodate the transaction data is limited to the development of many times now is not enough to write 10 minutes in all transactions , So some transactions can only wait for the next 10 minutes, and even the next 10 minutes, etc, which obviously damaged Bitcoin's trading experience.
The entire Bitcoin community has been discussing the expansion program for a long time - because the network is already big enough to pull the whole body and have to be cautious. Finally, at the consensus conference, they decided to use the "SegWit + 2Mb" program, activated in September, in 6 months to perform hard bifurcation, the block size expanded to 2Mb.
It seems that the above two are really good for Bitcoin, but think about it, these really can support Bitcoin up so much?
Affected by the various countries have a lot of assets, stocks, bonds, gold, even if it is really the legal currency, are up or down, did not say that the state will be up ah? Bitcoin trading experience will be better Yes, but how many people are buying Bitcoin for trading? The vast majority of people are investment, right?
To Bitcoin's current maturity, far from the ordinary currency. If you invest Bitcoin, it must be fancy to its future long-term development. In this scale, the current two good, in fact, not so big thing. It can be seen that this wave of rose is not the result of rational thinking.
One corroboration is that, in addition to Bitcoin, other major encryption currencies are also up, Bitcoin these benefits with them ok.
In May this round rose, mainly due to Japan's housewife investment groups and South Korea's retired old people.
According to Reuters, currently in Japan and South Korea has breed Bitcoin related industries, advocating investors to invest Bitcoin. Some Bitcoin workshops in Tokyo, Seoul and Hong Kong require investors to prepay membership fees of up to $ 9,000 and encourage members to sell virtual currencies and attract other people in Bitcoin rewards or other incentives. Last month, the South Korean police cracked a $ 45 million virtual money pyramid involving thousands of housewives, ordinary workers and self-employed operators.
History repeats itself.
Of course, although this surge is a bubble, but Bitcoin itself, I think it is not a bubble, it does have an unparalleled historical significance. So, I am still optimistic about Bitcoin, I think, in the next few months, Bitcoin will break through 4000USD.
