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Is there anyone who wants to buy Bitcoin How long does it take

Date:2024-08-12 18:51:37 Channel:Crypto Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
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.


Speaking of the most popular digital currency, everyone will think of Bitcoin. After all, if you bought Bitcoin when it was first issued and have not sold it yet, you will make more than 20 million times in one go, which is equivalent to spending 1 yuan and making more than 20 million yuan. Such a return on investment can make most investors jealous. Therefore, Bitcoin has always been an investment project that investors are more interested in. However, for newcomers in the currency circle, the question of whether there is anyone to buy Bitcoin when it is sold has been echoing in their minds. So, does anyone buy Bitcoin when it is sold? The following editor of the currency circle will tell you in detail whether anyone buys Bitcoin when it is sold?

 Does anyone buy Bitcoin when it is sold?

Generally speaking, Bitcoin is sold and someone buys it. Judging from the current 24-hour transaction volume of Bitcoin as high as 38.302 billion US dollars, Bitcoin is still very popular in the market. There are still many investors and trading platforms who want to buy Bitcoin. Of course, things are not absolute. There will be cases where no one buys Bitcoin. Although it is just an individual case, this situation only exists when the seller's price does not meet the buyer's psychological price, and the buyer chooses not to buy the Bitcoin sold by the seller. Of course, if you are buying and selling, this situation does not exist, because the seller is trading with the exchange, the exchange selects the right buyer, and then directly trades, that is, when Bitcoin is sold, someone will buy it.

 How long does it take for Bitcoin to be received after it is sold?

If it involves real transactions, such as wallet transfers, etc., according to the characteristics of Bitcoin computing power "mining": transactions are recorded in blocks, and the average generation time of each block is 10 minutes. After waiting for 6 blocks to be generated, the transaction can be finally confirmed (considering security attributes). Therefore, generally speaking, transactions in the Bitcoin system require 60 minutes to be confirmed, that is, the transfer is successful.

In addition, in order to ensure that every time a transaction occurs, the miners in the Bitcoin network compete to help you record (confirm) the transaction, a certain fee is generally set to reward the first miner who successfully records the account. Therefore, the higher the reward, the faster the transaction; if there are too many transactions at the same time, the network is congested, and the fee is set to be reduced, it is very likely that the transaction confirmation time will be greater than 1 hour or even more than 24 hours.

Of course, if it is a transaction within the trading platform, the account display is generally received in seconds, because the transaction is not on the chain at all. But if you want to withdraw Bitcoin to your wallet or another trading platform, the trading platform will generally charge you a handling fee as a miner fee and a platform fee.

The above is the relevant content about whether there is anyone buying Bitcoin when it is sold. As we all know, there are not always valuable trading opportunities in the market, and the market is constantly fluctuating, but not every fluctuation can be rewarded. Therefore, whether investing in Bitcoin or other digital currencies, what investors need to do is to focus on those markets that can be seen and have a greater degree of confidence in holding. In other words, investors should carefully consider before trading, find the entry point, and do a good job of stop-profit and stop-loss, and never trade blindly.

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