What Does Bitcoin Actually Trade (What is the Bitcoin Trading Model)?
What does Bitcoin actually trade? According to the CoinMarketCap website, the t
What does Bitcoin actually trade? According to the CoinMarketCap website, the total market value of Bitcoin is currently about 1 trillion RMB. Bitcoin achieves value transfer and circulation through smart contracts, with the characteristics of security, transparency, and traceability. However, the high volatility of the cryptocurrency itself makes it difficult for investors to hedge risks and make investments.
Compared to traditional financial markets, the price of Bitcoin has significant differences. Among mainstream currencies, BTC is mainly used for spot trading, while digital currencies are primarily used for payment settlements and other related transactions such as foreign exchange and fiat currency exchanges. However, with the global spread of the pandemic, more and more institutions are entering this field, leading to a cautious attitude towards Bitcoin, as it may affect individual investors and even lead to a hold-and-wait approach by some exchanges. Nevertheless, Bitcoin still has the potential to become one of the future trends, but what it actually trades is a question that deserves attention.
What is the Bitcoin Trading Model
Bitcoin trading is a model similar to traditional currencies or financial assets. Typically, Bitcoin trades are carried out through a centralized exchange, rather than within the traditional banking system. Since Bitcoin transactions are essentially a peer-to-peer (P2P) network, it is also the most readily accepted form of payment.
Currently, mainstream digital currencies are primarily used for cash transactions. However, Bitcoin trades are based on fiat currencies or cryptocurrencies. Therefore, from the historical perspective of Bitcoin trading, it has a wide range of use cases, as the value of Bitcoin transactions comes from the goods and services it holds.
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