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The 600000th Bitcoin was mined today The Bitcoin bull market i
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Date:2024-06-29 19:11:58 Channel:Build Read:
Bitcoin, the once turbulent digital currency, has once again become a hot topic. Just today, the Bitcoin network mined the 600,000th block, sparking heated discussions in the market. Some people believe that this marks the arrival of the Bitcoin bull market and the market will usher in a new wave of prosperity. So, what secrets are hidden behind all this? Let us unveil the veil of the Bitcoin bull market and explore the mystery.
In the past few years, Bitcoin has been the focus of the financial market. Its price fluctuations have caused people to question its true value. However, with the mining of the 600,000th block on the Bitcoin network, a new wave of enthusiasm seems to be rising. The news spread throughout the digital currency field and attracted the attention of countless investors. There is no doubt that the Bitcoin bull market may really be here.
The value of Bitcoin lies not only in its function as a digital currency, but more importantly in the blockchain technology behind it. As a decentralized database technology, blockchain provides a solid foundation for the security and transparency of Bitcoin. The mining of the 600,000th block on the Bitcoin network also means that this huge blockchain system has taken another important step. At this moment, we seem to see the infinite possibilities of Bitcoin in the future.
With the advent of the Bitcoin bull market, the digital currency market will also usher in new challenges and opportunities. Investors are eyeing Bitcoin in the hope of making a profit from it. For the general public, how to correctly understand the value of Bitcoin and how to participate in digital currency investment in a scientific and reasonable manner have also become important issues before them. After all, although the Bitcoin bull market is tempting, the risks involved cannot be ignored.
In this digital age, the rise of Bitcoin is not only a way of investment, but also a new way of life. People are beginning to gradually accept the concept of digital currency and explore its application in daily life. The emergence of the 600,000th Bitcoin has undoubtedly given this change more motivation and confidence. Perhaps, in the near future, we will see Bitcoin truly integrated into people's lives and become a new payment method.
When we look back on the development of Bitcoin, we can't help but feel a lot of emotion. From its initial obscurity to its current popularity, Bitcoin has experienced too many twists and turns. However, it is these setbacks and difficulties that have forged the tenacity of Bitcoin and made it a leader in today's digital currency field. The birth of the 600,000th Bitcoin is the best interpretation of this tenacity.
In the wave of Bitcoin bull market, we can not only see the unlimited potential of digital currency market, but also feel the power of technological innovation. The success of Bitcoin is inseparable from the support of blockchain technology and countless scientific and technological talents who are keen on digital currency research. Their hard work has injected a steady stream of power into the development of Bitcoin and brought us more surprises and possibilities.
The emergence of the 600,000th Bitcoin is destined to become a milestone in the history of digital currency. It not only represents the steady development of Bitcoin network, but also symbolizes the bright future of digital currency market. With the coming of Bitcoin bull market, we have reason to believe that digital currency will become an important member of the future financial field, changing our lives and shaping our future. May the light of Bitcoin illuminate our way forward and lead us to a better tomorrow.
The four most famous international exchanges:
Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL
Note: The above exchange logo is the official website registration link, and the text is the APP download link.
Around eight o'clock in the morning, the 600,000th block was mined.
A question many people like to ask is "How many bitcoins have not been mined yet?" Before you went to bed, there were more than three million bitcoins, and after you woke up, there were more than two million bitcoins. In short, if you don't buy it now, you won't be able to buy it.
If you don't buy it now, you won't be able to buy it. In fact, this is the real eternal story of Bitcoin. This story can also be described by another word: "failure anxiety"
The rise of Bitcoin always relies on such a story, just like diamonds have always relied on stories such as "precious, eternal, and everlasting". Ordinary people are willing to believe a story. Although I haven't done a survey, I am willing to believe that most people who buy Bitcoin buy Bitcoin because of the reason that it will rise. And the reason for believing that it will rise is definitely believing in a story, which is generally "the total amount is limited, less and less, and more and more expensive."
Compared with a lot of advantages that Bitcoin can talk about, such as decentralization, anonymity and privacy, no restrictions, computing power guarantee, low handling fees, etc., the story of "can rise" is obviously more deeply rooted in people's hearts.
In fact, there are two entrances to the story of "can rise", one entrance is called "demand growth" and the other entrance is called "less and less".
We often talk about the entry point of "demand growth", whether it is the "deposit tax" crisis in Cyprus, the "banknote demonetization" in India, the "Wannacry" virus, or the recent crisis in the Middle East, etc., these are all people in the world who originally did not think that Bitcoin was a rigid demand, but suddenly found that they could not live without Bitcoin, or places where currency crises are constantly occurring found that their legal currency is constantly "falling", so it is better to hold Bitcoin. These are all the entry points of this story that we think of, that is, the "demand for Bitcoin" that is constantly growing and never stops in this world.
The entry point of "less and less" is actually aimed at mining, because the entry point of less and less has a prerequisite called "people who hold it are unwilling to sell", so the total amount is limited, the more you mine, the less coins you mine, and the more people buy them. Isn't it--"can it rise"?
When I wrote this, I realized that the saying that people believe in a story came from "Sapiens: A Brief History of Humankind", which said that stories are the development of people to today, and are also our most powerful ability to fight against artificial intelligence in the future.
Although I don't quite agree with the logic of this once-famous book, the term "story" is still very interesting. I also tend to believe that people's investment decisions are based on believing in a story. For example, you buy Moutai stocks because you believe in the story of the king of liquor; you buy stocks of new energy vehicles because you believe that new energy vehicles will sooner or later replace gasoline vehicles; you invest in real estate because you believe in economic growth and monetary easing or simply believe in the story that "house prices will always rise", and so on.
In short, the factors that determine your investment decisions are all about telling a story. The ending of the story is that you can make money, and the process of the story is "why you can make money". When this story comes to Bitcoin, it is what I just said, the core story of Bitcoin: if you don't buy it now, you won't be able to buy it.
The beginning of the bull market is caused by people's anxiety about missing out and rushing in regardless of the cost. And such a bland "slow process" is obviously not acceptable, so there is an important copy of the Bitcoin story, that is - halving.
Just like every four years there will be a World Cup to awaken the dormant football gene in your body, allowing a large group of people who don't even understand the rules of football to be like the most fanatical fans in those ten days, reveling, shouting, screaming, and reveling all night with their friends, including me, a "fake fan".
The greatest significance of the World Cup is to let many people feel the charm of football, and then continue to pay attention to it after the World Cup and become a real fan. In fact, this is the same as the carnival after the Bitcoin halving every four years. Why does it rise after the halving? In fact, it is a copy of this story, just like the World Cup is a copy of the football industry. In fact, all those who oppose Bitcoin and don't know Bitcoin will enter the market after the price of Bitcoin continues to rise and become a Bitcoin investor. Although most of the fake fans will disappear after the World Cup and only a small number of them will become real fans, every time the price of Bitcoin soars and then plummets, the "fake believers" will curse and leave the currency circle, but there will still be many real investors.
This is also why the price after the bull market after each halving is always higher than the price after the previous round of halving, and there are more and more believers.
There are only about two hundred days left, and this halving may be the first halving experienced by people in the current cryptocurrency circle. In fact, the data and analysis about the halving are all superficial positives. The real positive is to "push" this story to the world again: if you don’t buy it now, you won’t be able to buy it anymore.
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