Why Bitcoin should be bought with French currency (the transaction cost of Bitcoin French currency is so high)

Why does Bitcoin use legal currency to buy? According to Cryptoglobal, why does Bitcoin use legal currency to buy? The reasons are as follows: 1. The supply of Bitcoin is limited. 2. The Cryptocurrency market is highly volatile and the trading volume is low; 3. Bitcoin prices are relatively stable on the exchange; 4. Governments around the world have varying attitudes towards digital assets. 5. Due to the fact that the price of Bitcoin is not determined by the central bank, many people view it as an investment product, but in reality, this is not the case because most people are not familiar with this field

The transaction cost of Bitcoin legal coins is so high

Editor’s Note: This article is from BlockBeats (ID: 0x2B), which is reproduced by Odaily Planet Daily with authorization As the cryptocurrency trading market enters a bull market, people are beginning to pay attention to the demand for fiat currency purchases and whether Bitcoin prices will continue to rise. However, the current market for fiat currency trading does not seem to be so hot – in the past month, the price of Bitcoin has risen from $38000 to $54000, an increase of over 900%. How does legal currency trading achieve this goal? Why do we need legal currency transactions? There are three reasons. 1. There is a competitive relationship between the exchange and miners, which means that there is a significant cost difference between miners; 2. The mining process involves a large amount of hardware resources to ensure network security, so miners will receive more income. 2. Due to the low computing power of mining companies to maintain competitiveness, it is difficult to attract new ASIC equipment to join, but this situation may affect their business. According to CoinMarketCap data, as of January 17, the 24-hour trading volume of Bitcoin was $83.6 million, a significant decrease from the high of $71.5 million in mid November 2017. However, since 2018, the daily average Spot market price of Bitcoin has also recovered to varying degrees. The average daily futures yield since the end of 2017 is around 6%. Since the beginning of 2019, the daily settlement price of BTC has been approximately $49000, while at the beginning of 2020, it was slightly higher than $10000; At the end of 2019, the BTC reached a maximum of $19700 and then fell below $20000; In the 2020 bear market, BTC briefly fell below $18200. In late June 2018, BTC prices reached their peak in nearly two years, and the fluctuations in the first quarter of 2019 were mainly attributed to the participation of institutional investors rather than individual investors. However, the recent market situation has undergone changes. According to Bitcoinist, MicroStrategy, a US listed company, has held over $10 billion in cash and plans to issue 1 billion Bitcoins. Although MicroStrategy had previously announced that it would sell its shares, the company has not yet publicly disclosed the exact amount.