Bitcoin is digital gold, just like gold, it has the function of long-term storage and protection against the risk of turbulence. Bitcoin is digital gold, and Ethereum is digital silver. This has reached a broad consensus in the currency circle. Now it is the third digital currency that is competing for the title of digital silver. Because the creators of other types of digital currencies have reached a consensus, the status of Bitcoin is historically formed and cannot be shaken (of course, there have been some other digital currencies that have tried in history, but they end up with self-death in the end). This is not to say that Bitcoin is the ancestor of digital currency, nor is it to say how long the history of Bitcoin is, let alone to say
Bitcoin's underlying technology, the blockchain, is so awesome. On the contrary, compared with other emerging digital currencies, Bitcoin has many inherent flaws. For example, it takes 10 minutes to obtain a matching hash value for its computing speed. Around this, this is in sharp contrast to the financial operations that VISA settles tens of thousands of times per second. However, this natural malaise has increased the charm of Bitcoin, because its value lies not in speed, but in irreversible, indelible, indelible, and incapable of copying, etc., making it possible for various institutions and individuals to hold Bitcoin’s inherent credibility. Reach the extreme, because at present, no financial technology can do this, even if it can
At this point, it is certainly not distributed, but must be centralized. Once this central node is attacked by hackers, it will inevitably lead to the paralysis of the entire financial operation network.
After nearly 9 years of normal operation, Bitcoin has not had a wrong transaction. This is the proof of time. This is the charm of digital gold. It is worth holding and storing for a long time. It is as confrontational as gold. The risk of turbulence is the function of hedging.