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View ChartBitcoin (BTC) is a cryptocurrency designed to function as a currency and payment method that is not controlled by any individual, group or organisation. This eliminates the need for a trusted third party (e.g. a mint or bank) to be involved in financial transactions.
It was introduced to the public in 2008 by an anonymous developer or group of developers known as Satoshi Nakamoto. Since then, it has become the world’s most well-known and largest cryptocurrency, inspiring the development of many others.
As a form of digital currency, Bitcoin isn’t hard to understand. For example, if you own some Bitcoin, you can use your cryptocurrency wallet to pay for goods or services with it. However, the way Bitcoin actually works is very complex.
It uses the SHA-256 hashing algorithm to encrypt the data stored in the blocks on the blockchain. Put simply, the transaction data stored in a block is encrypted as a 256-bit (64-digit) hexadecimal number. This number contains all the transaction data and information linked to the blocks preceding it.
A variety of hardware and software can be used for this purpose. When Bitcoin was first released, it was possible to mine it competitively using a personal computer. However, as it became more popular and more miners joined the network, the chances of being the one to solve the hash decreased. While you can still use a personal computer for mining if it has newer hardware, the individual chances of solving a hash are minuscule.
This is because you are competing with a network of miners that generates around 220 quintillion (220 exa) hashes per second.
Machines called application-specific integrated circuits (ASICs) have been built specifically for mining and can generate around 255 trillion hashes per second. By contrast, a computer with the latest hardware generates around 100 million hashes per second.
To successfully become a Bitcoin miner, you have several options. One option is to use mining software compatible with Bitcoin on your existing personal computer and join a mining pool. Mining pools are groups of miners who combine their computational power in order to compete with large ASIC mining farms.
The easiest way to buy Bitcoin is through a crypto exchange like BTCC. BTCC makes purchasing Bitcoin easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Bitcoin purchase, register with BTCC today.
The Bitcoin halving is a deflationary mechanism built into its core code that occurs approximately every 4 years (every 210,000 blocks). It cuts the block reward issued to miners in half, strictly capping the total supply of BTC at 21.00M and significantly slowing down the rate at which new coins enter circulation. Assuming market demand remains stable or continues to grow, this sharp reduction in new supply disrupts the supply-demand balance. Historical data shows that each halving has served as a primary catalyst driving long-term bull runs and propelling Bitcoin to new all-time highs.
While Bitcoin (BTC) and Ethereum (ETH) are both industry leaders in the crypto market, they differ fundamentally in design purpose, tokenomics, and underlying technology:
| Comparison | Bitcoin (BTC) | Ethereum (ETH) |
|---|---|---|
| Core Purpose | Digital gold; decentralized store of value (SoV) | Global decentralized application (DApp) & smart contract platform |
| Total Supply | Capped at 21.00M (fixed disinflationary model) | No hard cap (dynamically adjusted via EIP-1559 burning) |
| Consensus Mechanism | Proof of Work (PoW) — focused on security & decentralization | Proof of Stake (PoS) — focused on scalability & energy efficiency |
| Primary Use Case | Inflation hedge, cross-border settlement | Paying gas fees, powering DeFi, NFTs, and ecosystem dApps |
As Wall Street institutions have widely adopted Bitcoin into mainstream asset allocation, its price movements have become closely tied to global macroeconomic trends. When the Federal Reserve cuts interest rates or implements quantitative easing (QE), market liquidity expands and fiat currency devaluation concerns rise, driving capital into high-yield, inflation-hedging assets like BTC and lifting its price. Conversely, rate hikes and monetary tightening drain market liquidity, placing short-term downward pressure on prices. Meanwhile, during traditional banking crises or geopolitical instability, BTC often showcases its properties as a digital safe-haven asset, attracting flight-to-safety capital.
When trading BTC perpetual futures on BTCC, you can enable Take Profit and Stop Loss (TP/SL) options before opening a order or directly in your open positions tab to manage risk effectively. For long positions, place your stop loss slightly below key support levels (such as recent swing lows or moving averages) and your take profit near resistance levels. For short positions, set your stop loss slightly above key resistance levels (recent swing highs) and take profit near support levels. As the price moves favorably, you can manually adjust your stop loss to your breakeven entry price (trailing stop), locking in profits and achieving a risk-free position.
Bitcoin offers strong long-term asset allocation value, backed by four core fundamental drivers: First, its hard supply cap of 21.00M, which provides absolute scarcity and anti-inflationary properties; second, institutional legitimacy and regulatory approval following spot ETF launches, attracting top-tier asset managers and institutional inflows; third, robust network security protected by the world's most powerful PoW hash rate, offering immutability and powerful network effects; and fourth, growing adoption in high-inflation economies and financially unstable regions, where BTC serves as an essential tool for wealth preservation and cross-border remittances.