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Research / All About Crypto / 

How much is a Bitcoin worth in RMB? How to get Bitcoins?

How much is a Bitcoin worth in RMB? How to get Bitcoins?

Medium | 2020/11/13

The price of Bitcoin is unregulated and is determined by the supply and demand curves, so it may change all the time.

 

The value of Bitcoin comes from consensus, and it has the characteristics of decentralization and cross-platform mining.

 

There are three primary ways to obtain Bitcoins: mining new ones, buying on an exchange, accepting them for goods and services or as gifts.


However, it is necessary to have related knowledge and to choose professional, legal, and safe platforms or trustworthy institutions before operating.

 

A reminder to investors: Due to the volatile price of Bitcoin, please pay careful attention to the investment risks and do not participate blindly.


Bitcoin, often abbreviated as BTC, is the first original blockchain network cryptocurrency and the world's first blockchain application with a total supply limited to 21 million. It is decentralized, tamper-proof, open and transparent, international and hedge against inflation. The value of Bitcoin is supported by a growing consensus, which can be decomposed to a certain extent into stored value, use value and speculative value. It has many trading markets around the world and has relatively strong liquidity.


In recent years, with its unique asset attributes and market performance, Bitcoin has shown weak correlation with mainstream investment products, and has gradually become an alternative asset recognized by more institutions and individuals. The demand for Bitcoin is soaring. Since August 2020, large international organizations such as MicroStrategy, Square, and PayPal have also expressed their support for Bitcoin in different ways.


A reminder to investors: Due to the volatility of the price of Bitcoin, please pay careful attention to the investment risks and do not participate blindly.

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