What are Filecoin and Bitcoin

 A manufacturer of ipfs FireRaytheon believes that the most famous NFT trading market uses IPFS and Filecoin to support its network...

 In fact, Bitcoin was not popular at first. Many people think this is a bubble. However, after more than a decade of downturn, Bitcoin has become a leading digital currency. Many people began to regret not mining Bitcoin. Then, document currency will be introduced. It is called the second type of Bitcoin. As a symbol of the IPFS storage system, it is even more practical than Bitcoin.

The development trends of Bitcoin and fil are still very different. However, due to the relatively high feasibility of the IPFS project, the future development trend cannot be underestimated, and its prospects can also be realized.

Bitcoin was born more than ten years ago. At this time, the exchange rate has exceeded 10,000 times. At present, the document currency exchange rate is still difficult to exceed Bitcoin. However, the IPF project has only six years of history and was launched only a few months ago. In terms of time value, there is still a lot of room for growth and huge opportunities.

The Internet is rapidly developing into Web3.0. The iterative technology of IPFS distributed memory is the foreplay of Web3.0. How can fil currency (a virtual currency based on IPFS) compete with Bitcoin in the future?

In addition, with the release of the new economic model, almost all mining companies invested in the first half of this year. This book is highly profitable, but it is either hypothetical or closed. In short, it cannot be removed. In the early stage of the filecoin network, the proportion of computing power added to the terminal capacity every day was too high, requiring a lot of funds to enter the system, and then to enter the path system, following the traditional model, especially in the early stage, when the market supply and demand are out of balance, it is particularly easy to cause prices And changes in value, leading to currency shortages and currency prices.

Large investment institutions in the world

As we all know, the goal of these institutions is to make a profit. There is no doubt that a group of institutions represented by Sequoia Capital have been strongly confirmed by filecoin. This is a goal with the greatest profit potential. In particular, many investors believe that the distributed network of IPFS will disrupt HTTP and create the next generation of new value Internet Web3.0. In fact, there were only a few tokens in circulation in the early filecoins. Only from the perspective of the market, a lot of resources are not needed to promote the rise of currency prices. Obviously, these giants have this kind of capital capacity, so the rise in the price of filecoin has a strong capital base.

Why FIL is the most valuable currency

Bitcoin is just a digital asset. Its characteristics affect its limits. It can be said that the maximum value of Bitcoin is just a consensus. With the advent of the 5g era, many companies, governments, and eventually their data storage needs will be transformed into IPFS networks with better technology. Therefore, the value-added of filecoin even exceeds that of Bitcoin, which is no fantasy. Therefore, we can seize the pulse of time, enter the lockdown zone, and participate according to our specific circumstances, so that we can have a better future.

As the value of IPFS is proven, more and more Internet companies and blockchain companies use IPFS for storage and R&D. Therefore, these companies are obliged to purchase a large amount of filecoin to pay for the miners' fees. The currency price will rise as the price rises, and the amount of fees will also be released. The global data center has deepened the national recognition of the document estimation pricing model, and provided document estimation pricing within three years of operation of the filecoin network.

Will Filecoin surpass Ethereum or even Bitcoin?

With the gradual development, stability and security of the Filecoin network, many users in the traditional storage market have also chosen lower-cost, safer, and more efficient distributed storage services IPFSs, which ultimately illuminates the future storage market. Filecoin will become the hottest digital gold in the future.

How to profit from virtual currencies

 The appearance of virtual currencies is inseparable from trading, which will brings about price differences. 

The blockchain sector keeps hot. Virtual currencies have developed over the past few years and Bitcoin’s great success has now formed a large market. In fact, there are more than 1,300 types of virtual currencies in the world. The currency recognized by the public on the market has also tended to a stable state. Although Bitcoin is still the leader in the TOP throne, there are many other virtual currencies that have also shown a hot trend.

The People's Bank of China wants to tighten up the regulation and management of virtual currencies in online games to prevent virtual currencies from impacting the real economic and financial order. It is necessary to strictly limit the total amount of virtual currency issued by online game business units and the purchase amount of individual online game consumers; strictly distinguish between virtual transactions and physical transactions in e-commerce. Virtual currency issued by online game business units cannot be used to purchase physical products. It can be used to purchase virtual products and services such as online games provided by itself.

But no matter which side is correct, as a virtual currency, its existence form has an irreconcilable conflict with the legal sovereign currency of various countries. In addition, the current leading bitcoin price plummets, and it will eventually inevitably end in decline. The editor of Juhui Foreign Exchange thinks that instead of going on a hopeless road, it is better to choose a reliable investment method.