Open F2F Class Notes (Ben) [S]

Bitcoin is a digital currency and it is limited. The total amount is just 21 millions and it is anonymous and you can’t trace it and there’s no central bank. You transact with others directly, you don’t need to use an third party.

Bitcoin has become a hot way to invest, but some people think it is valuable (available?). I can be enhanced efficiency of transaction and it is safe and it is anonymous (nonymous) but other people don’t believe that. They regard the Bitcoin as a bubble, they don’t think it has any value of Bitcoin.

But I think the value of something depends on whether you believe it. If everyone believe a piece of paper values 10 dollars, then it values 10 dollars.

If everyone believes, every countries believes the value of Bitcoin, then the bitcoin is valuable.

But indeedly how much is it valuable from now, we don’t know that. But I think it has valuable to own itand maybe someday in the future it values an apartment, so I it’s good thing to investment.

–

Bitcoin is a digital currency and it is limited. Its total amount is just 21 millions and it is anonymous and you can’t trace it and there’s no central bank. You transact with others directly, you don’t need to use a third party.

Bitcoins has become a hot way to invest. Some people think it is valuable. It can enhance efficiency of transactions and it is safe and it is anonymous but other people don’t believe that. They regard Bitcoins as a bubble, they don’t think there is any value in Bitcoins.

But I think the value of something depends on how strong you believe in it. If everyone believes a piece of paper is worth 10 dollars, then it is actually worth 10 dollars.

If everyone and every country trusts the value of Bitcoins, then bitcoins are indeed valuable.

But it’s true that we don’t know how much it is worth at any given time.

However, I think it is valuable to own some and maybe someday in the future it will be worth an apartment, so it’s a good thing to invest in.

–

value –> is worth

An iPhone is worth 5,000 RMB.

Its value is high. It is worth a lot of money.

I don’t know the value of that. I don’t know how much it is worth.

–

every + singular

every person, every country, every woman

–

indeedly –> indeed

–

an investment = something you invest in

I suggest you invest in gold. It’s a valuable investment.