1. bitcoin hit an all-time high of $69,000 in november 2021, but fell to $35,000 in january 2022, halving its value. btc fell below the $19,000 mark in the last week of june, halving its market cap. The phrase "anything can happen in the crypto market" rang alarm bells after TerraUST and Luna fell to $0 in May 2022, and Luna, one of the top 10 cryptocurrencies, plummeted 100% in just three trading days. The fall sent shockwaves through the stock and crypto markets, suggesting that any token could face a similar fate, and after the Luna crash, Google searches for "bitcoin will fall to $0" spiked as investors feared the worst. (1) What are cryptocurrencies Cryptocurrency is a medium of exchange that uses cryptographic principles to secure transactions and control the creation of transaction units. Like paper money, which requires a security design, cryptocurrency is a new type of pass-through that uses cryptography and digital hashing of digital and virtual currencies and is tied to smart contracts. Bitcoin became the world's first decentralised cryptocurrency in 2009, and since then the term cryptocurrency has come to refer to such designs. Since then several similar cryptocurrencies have been created, often referred to as altcoins, which are based on a decentralised consensus mechanism as opposed to a banking and financial system that relies on a centralised regulatory system. The decentralised nature stems from blockchain technology that uses distributed ledgers. (2) Feasibility of a Bitcoin collapse Bitcoin hit an all-time high of $69,000 in November 2021, but fell to $35,000 in January 2022, halving its value. btc fell below the $19,000 mark in the last week of june, halving its market capitalisation. Returning to the question of whether Bitcoin will fall to $0, Yukun Liu and Aleh Tsyvinski examine the likelihood of BTC falling to $0. The economists published a report in 2018, "The Risks and Rewards of Cryptocurrencies", which calculated the historical returns and risk-neutral probability of catastrophe for BTC. The study concluded that the likelihood of Bitcoin falling to $0 is very small. According to the study, the probability of Bitcoin falling to $0 is between 0% and 1.3%. It is so small that a fall to $0 in BTC may never be a reality until our lifetimes. For those worried that 0% to 1.3% is still a "chance", Tsyvinski says the Euro has a 0.009% chance of falling to $0. Therefore, it is highly unlikely that Bitcoin and the Euro will plummet to $0, and a 100% crash is probably never going to happen anytime soon. Bitcoin was originally designed to be a 'peer-to-peer means of global exchange', but its limited number is designed to make it scarce and invariably a store of value asset against inflation, especially in the current dollar-infested global economy. Bitcoin is based on two aspects of trust, firstly the trust that the Bitcoin system itself is sound and reliable, and secondly the trust that Bitcoin can be progressively applied in the real business world. If someone finds a flaw in the basic algorithmic principles of Bitcoin designed by Satoshi Nakamoto, then the system is unreliable. Or if computer technology advances so rapidly that quantum computers can be applied realistically and with much (say 10^10) times more computational power that the existing cryptosystem becomes very vulnerable to the new computational power, which also makes the Bitcoin system unreliable. The other is about commercial applications. For example, if governments around the world were to ban trading in Bitcoin all together, Bitcoin's commercial prospects would be greatly limited and confidence in its commercial prospects would suffer. Or as the scale of application increases and the speed of transactions, data traffic and inventory, etc. cannot keep up with the demand for commercial transactions, then the business prospects will also be affected. Is Bitcoin a currency? At the moment, Bitcoin seems to be more of an asset than a currency. You can think of it as a kind of 'digital gold' at the moment, you can't trade gold with other people, but you can spend money on gold to preserve and invest in it, and that's how Bitcoin feels to me. Of course there are still a lot of efforts to monetise Bitcoin, such as El Salvador's claims of Bitcoin fiat currency and relying on the Lightning Network to make transfers more efficient, but the current efficiency is nowhere near what is required. Bitcoin is again somewhat different from gold in that gold has an extra-currency industrial and decorative demand, and even if central banks around the world were to dump gold, after a brief price drop, demand from the jewellery industry and industry would absorb all the excess capacity, which Bitcoin does not have. The only scenario in which Bitcoin goes to zero is if its blockchain fails (3) What happens when Bitcoin goes to zero Although a fall to zero for Bitcoin seems impossible, it would create huge political instability globally. It would need to be delisted and billions of dollars wasted to bring it to zero. In such a scenario, both exchanges and investors would face unattainable problems. It would require a complete ban on mining and other related work, which would affect many users. In addition, many businesses use bitcoin themselves, so it would affect them. Thousands of people have lost their jobs due to the stagnation of bitcoin mining, which will cause difficulties for the government. Therefore, the impact of a fall in Bitcoin would be far-reaching.

2. The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.

1. bitcoin hit an all-time high of $69,000 in november 2021, but fell to $35,000 in january 2022, halving its value. btc fell below the $19,000 mark in the last week of june, halving its market cap. The phrase "anything can happen in the crypto market" rang alarm bells after TerraUST and Luna fell to $0 in May 2022, and Luna, one of the top 10 cryptocurrencies, plummeted 100% in just three trading days. The fall sent shockwaves through the stock and crypto markets, suggesting that any token could face a similar fate, and after the Luna crash, Google searches for "bitcoin will fall to $0" spiked as investors feared the worst. (1) What are cryptocurrencies Cryptocurrency is a medium of exchange that uses cryptographic principles to secure transactions and control the creation of transaction units. Like paper money, which requires a security design, cryptocurrency is a new type of pass-through that uses cryptography and digital hashing of digital and virtual currencies and is tied to smart contracts. Bitcoin became the world's first decentralised cryptocurrency in 2009, and since then the term cryptocurrency has come to refer to such designs. Since then several similar cryptocurrencies have been created, often referred to as altcoins, which are based on a decentralised consensus mechanism as opposed to a banking and financial system that relies on a centralised regulatory system. The decentralised nature stems from blockchain technology that uses distributed ledgers. (2) Feasibility of a Bitcoin collapse Bitcoin hit an all-time high of $69,000 in November 2021, but fell to $35,000 in January 2022, halving its value. btc fell below the $19,000 mark in the last week of june, halving its market capitalisation. Returning to the question of whether Bitcoin will fall to $0, Yukun Liu and Aleh Tsyvinski examine the likelihood of BTC falling to $0. The economists published a report in 2018, "The Risks and Rewards of Cryptocurrencies", which calculated the historical returns and risk-neutral probability of catastrophe for BTC. The study concluded that the likelihood of Bitcoin falling to $0 is very small. According to the study, the probability of Bitcoin falling to $0 is between 0% and 1.3%. It is so small that a fall to $0 in BTC may never be a reality until our lifetimes. For those worried that 0% to 1.3% is still a "chance", Tsyvinski says the Euro has a 0.009% chance of falling to $0. Therefore, it is highly unlikely that Bitcoin and the Euro will plummet to $0, and a 100% crash is probably never going to happen anytime soon. Bitcoin was originally designed to be a 'peer-to-peer means of global exchange', but its limited number is designed to make it scarce and invariably a store of value asset against inflation, especially in the current dollar-infested global economy. Bitcoin is based on two aspects of trust, firstly the trust that the Bitcoin system itself is sound and reliable, and secondly the trust that Bitcoin can be progressively applied in the real business world. If someone finds a flaw in the basic algorithmic principles of Bitcoin designed by Satoshi Nakamoto, then the system is unreliable. Or if computer technology advances so rapidly that quantum computers can be applied realistically and with much (say 10^10) times more computational power that the existing cryptosystem becomes very vulnerable to the new computational power, which also makes the Bitcoin system unreliable. The other is about commercial applications. For example, if governments around the world were to ban trading in Bitcoin all together, Bitcoin's commercial prospects would be greatly limited and confidence in its commercial prospects would suffer. Or as the scale of application increases and the speed of transactions, data traffic and inventory, etc. cannot keep up with the demand for commercial transactions, then the business prospects will also be affected. Is Bitcoin a currency? At the moment, Bitcoin seems to be more of an asset than a currency. You can think of it as a kind of 'digital gold' at the moment, you can't trade gold with other people, but you can spend money on gold to preserve and invest in it, and that's how Bitcoin feels to me. Of course there are still a lot of efforts to monetise Bitcoin, such as El Salvador's claims of Bitcoin fiat currency and relying on the Lightning Network to make transfers more efficient, but the current efficiency is nowhere near what is required. Bitcoin is again somewhat different from gold in that gold has an extra-currency industrial and decorative demand, and even if central banks around the world were to dump gold, after a brief price drop, demand from the jewellery industry and industry would absorb all the excess capacity, which Bitcoin does not have. The only scenario in which Bitcoin goes to zero is if its blockchain fails (3) What happens when Bitcoin goes to zero Although a fall to zero for Bitcoin seems impossible, it would create huge political instability globally. It would need to be delisted and billions of dollars wasted to bring it to zero. In such a scenario, both exchanges and investors would face unattainable problems. It would require a complete ban on mining and other related work, which would affect many users. In addition, many businesses use bitcoin themselves, so it would affect them. Thousands of people have lost their jobs due to the stagnation of bitcoin mining, which will cause difficulties for the government. Therefore, the impact of a fall in Bitcoin would be far-reaching.

2. The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms. (1) Lowering Binance's fees Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT. Example. You place an order for 10Ethereum at a price of USD3,452.55 per share. Transaction fee = 10Ethereum0.1% = 0.01Ethereum Or you place an order to sell 10Ethereum at 3,452.55 USDT per share. Transaction fee = (10Ethereum3,452.55USDT)*0.1% = 34.5255USDT What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC". https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced. Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day. When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level. First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees. https://www.ouyi.business/join/BTC1ETH Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom. Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage. (3) Reduce FTX fees FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register. https://ftx.com/referrals#a=121031692 3, trading road is long, together with forward Want to know more about how to reduce the commission? telegram: btcethcool We have set up a community dedicated to researching trading, add telegram friends to pull you into the community.