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Traditional banking System vs Bitcoin Transaction System

The traditional banking system works on regular Fait money.

Bitcoin was created as a digital currencyIt was created to solve the problem that banks can be manipulated by governments and bankers alike,

and also to give people freedom of privacy in their transactions, although all transactions are public on the ledger, provided sending/receiving addresses are kept private and new ones used for different transactions a certain degree of privacy can be expected.

Bitcoin was created as a digital currency, by an entity only known as Satoshi Nakamoto. It was created to solve the problem that banks can be manipulated by governments and bankers alike, and also to give people freedom of privacy in their transactions, although all transactions are public on the ledger, provided sending/receiving addresses are kept private and new ones used for different transactions a certain degree of privacy can be expected.

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Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction.

Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

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Mark Andrew Skousen is an American economist and writer. He currently teaches at Chapman University, where he is a Presidential Fellow at The George L. Argyros School of Business and Economics. He has previously taught at Columbia Business School, Mercy College, Barnard College, and Rollins College.

About Cryptocurrency

Bitcoin currently remains between the two blue lines below. The daily oscillating highs are getting higher and higher, and the oscillating lows are getting higher and higher, showing a solid parallelogram pattern as a whole. Therefore, Bitcoin is currently in an oscillating phase, and oscillation is the adjustment. After the adjustment is over, Bitcoin is expected to break from a high point upward. The large range of oscillation is 28,000-62,000 US dollars, and the oscillation amplitude is 34,000 US dollars. It can be expected that after the successful breakthrough of this model, it will grow wildly like a rocket launch, refreshing everyone’s cognition.

Of course, not everything is 100% certain. Although the shock mode has a higher probability of breaking upward, there may be some small probability events. For example, if there is a correction in the middle, it will lead the market into a deep adjustment phase, but this possibility is relatively small. When Bitcoin is lower than 45,000 in the callback phase, the market will enter a deep adjustment, and the time of skyrocketing will be delayed for a while. It can be expected that the possibility of an upward breakthrough in the shock is relatively high, and the market will enter the carnival by then. This will not only refresh the cognition of market novices but also refresh the cognition of 90% of analysts because most of these analysts have only experienced the market after 2017 and do not have a long-term vision.

Currently, everything is at the bottom. The small range of Bitcoin fluctuations is between 52,000 and 62,000. During this adjustment period, some high-quality coins will take turns soaring. This bull market is different from 2017. At that time, every coin in the market will soar, but now the bull market coin price surge is selective. All this is due to the fact that there are few types of coins in 2017, but now The market environment is different and there are many types of coins. Among them, 90% are inferior coins. Inferior coins will not rise, or the rise will be very small. Really valuable high-quality coins will soar, the increase will be greater, and the market value will also create a new record.

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The traditional banking system works on regular Fait money.

Bitcoin was created as a digital currencyIt was created to solve the problem that banks can be manipulated by governments and bankers alike,

and also to give people freedom of privacy in their transactions, although all transactions are public on the ledger, provided sending/receiving addresses are kept private and new ones used for different transactions a certain degree of privacy can be expected.

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The month of August Would Prove to Be Mark of Safety for Bitcoin Trades. Japan is taking steps to be leader in cryptocurrency world. Split in Bitcoin.

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