genuine diamond jewelry wholesale Bitcoin exceeds $ 46,000! Why do we rarely touch Bitcoin in China?

jewelry wholesale distributor Bitcoin exceeded $ 46,000. When Bitcoin rose crazy, people kept trying to try, but few people in China touched Bitcoin. There are many reasons at this time. In the history of currency development, there are two extremely important leaps. Once, tangible physical objects have become currencies, such as Haibei, pottery, fabrics, etc. have been used as currency, but in the end, they are fixed on some precious metals such as gold and silver.
Bitcoin adopts a decentralized point -to -point network instead of the traditional central bank commercial bank structure. It creatively uses cryptography to establish trust and build effective payment and settlement systems, which is widely popular on the Internet. As its price soaring and the blockchain technology behind it became well known, digital currency has become a hot topic. Some people think that Bitcoin is an efficient payment network that can reduce transaction costs. This is the value of Bitcoin, which can satisfy people's utility. Some people think that Bitcoin is useless in production and life, and its actual use in transactions is very limited. In addition, there is no credit and income as support. It doesn't make sense.
The greatest use of money to people is exchanging, or its value is exchange. Therefore, everyone who has money hopes to have more money or convert more money into something. The most important function of currency is the means of circulation. If you can exchange it, it is best to exchange more. Don't depreciate. It can be said that this is the need for currency holders. However, as a currency, Bitcoin is more used as an investment, which reduces its liquidity. Therefore, people are afraid of smashing in their hands. Finally, digital currencies represented by Bitcoin have the function of serving as a general equivalent as a specific product, but it is far from the actual role of the currency. Because it has unstable monetary value, high volatility, no national credit recognition, and lack of supervision, it cannot be used as currency. Even if it is related to smuggling activities, it is restricted or even banned by the country.

wholesale jewelry supplies united states Because there are no platforms in China. We do not advocate this virtual currency, because the risk is too high, we still have to be down -to -earth.