CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻
@@maxazzarello8695 While Bitcoin's decentralized blockchain technology can provide a high level of security and transparency, it is not immune to fraud. But fraud can take many forms, including hacking attacks, Ponzi schemes, and phishing scams. Therefore, it's important for individuals to take precautions to protect their Bitcoin, such as using reputable exchanges and wallets, enabling two-factor authentication, and being cautious of suspicious links and emails.
My pleasure 😊 Tether is a controversial cryptocurrency that has been the subject of much debate within the crypto ecosystem. Some people in the crypto community do not consider Tether to be a reputable part of the ecosystem, while others continue to use and trade it. Ultimately, whether or not to use Tether is a decision that each individual should make after carefully considering the risks and benefits.
Not so clueless now..but certainly not anymore confident in it..8n fact the more im understanding it..the less confidence i have in it...i think many want it to be true...
@@michealtucker6360 what high IQ do you need..you buy some bit coin..you wait for price to go up..you sell ..basically l8ke the stock market...i understand it..dont trust it long term..and dont believe in these schemes...whos the loser..for someone to get rich..someone has to get poor..
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result hard work and hustle over time. I pray that anyone who reads this will be successful in life
Very well put. Rhetorically speaking, may I add the following. The word "successful" is quite a relative word. In other words, my definition of success may not necessarily equate to your standards. Having said that, I too pray that many will ultimately find success in their own way. God Bless.
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 27 btc from day trading with Harry’s Dent insights and charts his been one step ahead of other analysis….
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Clearly, this guy is a genius. BitCoin is still a new (difficult) concept to MOST of us, but see this video right here? Comprehensive, concise, complete. Well done, Nate! Thank you! *Subscribed*
Clearly this is a con. If I start up a new bitcoin ledger and sell it to dummies it has all of the virtues of the original Bitcoin. So I can start a million of them and hope the patsies don't notice? You've got to be as dumb as a brick to fall for this.
Yeah , you did the buy and hold strategy not the trading strategy, if you hold bitcoin in your wallet without trading it ,you will definitely fall in the loss .
I am not shy to admit that I am one of those people caught in the 9-5 trap, waking up every day to slave away on someone's achievements. My ultimate goal is an escape from this which is why I am exploring a lot of options like mutual funds, stocks and cryptocurrency investments.
a lot of people are even in worse situations than the 9-5 trap, some depend sorely on food stamps which is not provided in so many other countries and a lot resort to harsh lifestyles to survive.
I've been through a lot of investment journeys, some really great and others 🚫. But for the most part the most profitable in a shorter time frame was cryptocurrency and forex investments, they kept the income coming in all through the year.
1 Bitcoin will worth millions of dollars in no distant time, People who ignorantly did not adopt the system will be more poorer. The earlier the better to have and hold bitcoin because it's the future.
Crypto currency and Nfts will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
Yes you are right! Bitcoin trade is the best investment anyone can ever imagine and the profit is huge, believe me this is the best time to invest in it based on the current market status
This is an awesome explanation. I think the reason why it is so difficult to understand what bitcoin is is because many don’t understand what it means when money is described as “centralized” and you explained that very well. I finally understood it thanks to you! :)
can you help me out? So for example if i were to buy $1000 worth of bitcoin and for example lets if it were at 30k and then bitcoin went up to 31k. How much would I of made in us dollars you think?
@@Brutal858SD You would make 1/30th profit. You are already exchanging its value to say it is 30k up to 31k. I would be cautious of buying it with real money as it is very volatile right now. Also be aware of scams, be sure you know the service you are using is safe. -- OOPz late reply. Thought I was on most recent comments :$
It's the natural cycle. Just hold it. Years from now you'll see. Just go back through the years to look at the natural cycle.. it will go back up. It's much higher than it was a year ago
I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?
Yes, you can start an investment, There are many reasons to invest in Bitcoin after understanding the market and risks. Investing in Bitcoin is the number one thing one should be doing right now, although there are lots of risks the best way to invest is through cryptocurrency and Forex. There are also organizations that help maintain your interest and protect you from the unnecessary risk which you can't predict on your own.
It's not too late to invest. Though cryptocurrencies are getting more volatile. This means you should only invest with companies with professional traders and a guaranteed level of return.
Forget crypto. It's an idea, not a product. It is not backed by any security such as gold. It is not backed by a government. Once again, it is only an idea. Buying into crypto now is paying way too much for an idea.
I, like many others, were confused. However this video helped me immensely. For those of you still confused, bitcoin is another form of currency for us all to pay for items. It opens up transactions worldwide using the same currency...a bitcoin is a bitcoin is a bitcoin. While it is interesting concept, the worldwide acceptance of bitcoins is, in my opinion, a difficult hurdle.
Bitcoin is mac daddy....it was created to cut out the middle man!!!! Being an early adopter in coins...meaning you can buy crypto coins low and by holding them HODL. Buying coins less than 1cent Eg ULX Ultron coins 100 usdt would get you approx 1995 Ulx coins currently 0.05 cents...let's say it has a 311% smart contract investment of 5year maturity what ever the price of that coin will be 1995×311%=6204 Ulx coins If that coin hit $5...that will be $31,022.25 USD....so for the little guys looking at coins or their usability behind them contributes to value of coin It's a matter of DYOR....coin market cap CMC or Coingecko platforms to study coins.... Not financial advice I am merely getting educated in this decentralized system Risk...everything is risk even in life....only put in what you can afford to lose... . It's not a get rich quick system... Education is key people It's unstoppable 🎉❤ Good luck
BTC for $75K by end of this year& Control of The Currency is already Decentralised And now the China disruption would simply Decentralise the Mining setup for the better
I must be as dumb as a box of rocks. I still don’t fully understand. The only part I got was “everyone trusting the government “ That’s the funniest thing I’ve heard in ages.
@Alright Alright Alright Bingo. Intelligent people are good at figuring out exactly HOW MUCH they need to know and realize that there is no way they'll know everything about anything.
*I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.*
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
The adviser I'm in touch with is 'Alfredo L. Brown FX' He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
The crypto market have always and will always be a volatile market, that is why it is important to have proper research, analysis and strategy when investing
correct me if I'm wrong, I think you forgot to answer the most important questions: 1- who issues the Bitcoin ? 2- who decides its value ? many thanks.
Solid video, engaging from the beginning to the end. Crypto will make more people financially independent than any other asset class in history. Bitcoin is still the most fundamentally sound asset in the world
Timbo Slice Let me break it down . It’s like a new form of money or exchange of money. You have to actually watch the video and break it down in words and not jus watch it.
I was able to recover my 15 BTC that I was scammed by an investor, thanks to zaelcyberservices . com who I was recommended to. Believe me if you’re out there and someone scam you of your Bitcoin Email zaelcyberserices .com they’ll restore it back to your bitcoin wallet.
@@CaptBanger people can still steal your money as long as its not in a personal purse, also ive had it where the app where i bought crypto from kept selling my coins on me, putting sell orders when i never put one in.
As I'm no expert in this, I will use my time to explore and educate myself before diving into Bitcoin. Thanks for starting at the beginning and taking the time to help potentially millions of people get out of the banking system who only use our money to get richer. Eventually money as we know it will have no value
Thank you for spending the time helping to educate dummies like me - it is very much appreciated. Two questions if I may: - you talked about the advantages of Bitcoin, but what about the disadvantages; and - how do you establish or go about assessing the (theoretical?) value of Bitcoin? You said that the US dollar, for example, is based upon trust in the US government. Thank you
The biggest disadvantage of using Bitcoin as a form of currency I can think of is how its transactions are irreversible. You won't have any authority or centralized system to dispute your transactions with if something happens. Other than that, it's more secure than money in your bank and more merchants already started accepting BTC as payment. As far as the disadvantage of investing in Bitcoin or acquiring Bitcoin right now is the value fluctuation. The theoretical value of Bitcoin cannot be determined I guess until the market is capped. As long as Bitcoin can still be mined and added to the circulation, supply and demand will determine its current value. Remember, US dollar as a currency is established based upon trust in US government but its value is determined by supply and demand. US government just has the ability to print more money if they want to, which can affect supply and demand. There is no limit or cap for US dollar. However, Bitcoin does have a limit at 21 mil. In my opinion, its final value will not go below 38k due to big corps like Tesla and MicroStr acquired large amounts at that price.
I’ve started looking into bitcoin recently and as I can’t beat myself up too much because I was only 16 when it first started I’m definitely going to start getting into it and this video has been a really really awesome explanation. Thank you.
Been looking for an understandable explanation - and without the editorializing virtually all other explanations. Nothing comes close to yours. I also appreciate your updates, in the comments. This is an extremely valuable channel. Thanks for keeping it active. I'm on to your other bitcoin videos.
OK, I understand how it works technically. But how a currency that basically had no value to start with can gain so much value is still not quite clear. Or at least doesn't seem stable.
Bitcoin will still bounce back its just a matter of time, if you have the opportunity to invest it's cool because you making enough profit before the rising of bitcoin your wallet will be full with much dollars
The value of any coin comes from 1. Scarcity and 2. Utility. 1. With bitcoin there's a finite amount (26 million) in existence (compare that to something like gold which we don't know how much actually really exists surely and if they discovered gold somewhere in abundance whatever gold you have will basically reduced in value) 2. Its value is created by how ease of transaction it is compared to money without a third party (basically it's like exchanging cash virtually in real time) and it's decentralised model. So value comes from how many people dip into it because of how much belief people have in it. If you believe in it, you buy it and it's value increases (reverse is true similarly) Hope that clears it up for you :)
@@The-bi5ry Exactly. So when ONE SINGLE COMPANY announcing that it will no longer sell against BTC can make the value drop 30% it becomes pretty clear that al lot of people either misjudged the factors utility and scarcity or simply didn't pay any attention at all. And now they are whining and blaming Elon MUsk.
@@claradidi7573 The crazy part is that those F.A are probably outperforming the index and raising good returns. I will give this a look, I'm really thankful that i can came across such a conversation.
*Your skills show why an old teacher is the best teacher there are plenty of 20s young guys doing tutorials but their material is half cooked. You spoke at length but the end was a climax 👍🏻*
Well I guess depending on what generation you're from would determine on what your peers used the word in reference to the most but I was just joking as the word by definition can be used in many ways and terminologies
You must be really good at it to trust it so faithfully, Ive only suffered great losses in it and I think its a waste of money or maybe its because I didnt have the right knowledge hence my reason to watching this video
I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?
I learned years ago that if you don’t understand a financial product fully you shouldn’t get involved with it. What I do understand about Bitcoin is that it has counterparty risk. That along with the fact it is far from clear how it really works, (as many comments on here confirm), puts me off getting involved with it for the time being.
I learned that you don't have to know how a car engine works or that you don't have to be a mechanic to buy and drive a car. That said, go on and take a small risks like you did when you bought your car and buy Bitcoin and enjoy the benefits you will reap from it in the future. Or you will regret and wish led you had bought some. Enough said. 💯💯💯👍👍👍
Its proof that it is only good for those that invest. The poor will always be poor and deservably so. They will never understand. Investing like this is not for fools.
But with a car, there are BILLIONS running around in the road all around the world that we see with our EYEBALLS. Or ride in them. The proof that they work is there. So we trust them. Not HOW they work.
Nate, thanks for this awesome introduction to Bitcoin! Your ability to explain complex topics in plain English is truly appreciated. I'm excited to dive deeper into this series and learn more about how Bitcoin works and its potential impact on the future of money. Keep up the great work! 💰🚀
I shared “What is Bitcoin? Bitcoin Explained Simply for Dummies” with some of my friends and family. It really is a great video for people who are new to the crypto currency space and doesn’t really know what Bitcoin or crypto currencies in general work. Actually this whole channel is great for beginners that want to learn more about the basics. Edit: Please ignore the replies below my comment. It is spambots posting some scam.
As a 61 year old retired business and finance manager, I understand it fairly well now. But I'm seeing a drawback. As it is digital and all transactions are digital, then if we were to have a power outage or worse a solar flare that shuts down the grid throughout the whole world, then what are we to do? We need a backup or contingency plan for when transactions are impossible.
Invest not only in money but in items who people will seek like , grain , honey , alcohol, medicine… if the economy ever goes down trades will be the new way of money
The comfort level is that the shutdown would have to be global, since the information is so decentralized. As we saw in Texas last Spring (2021), a breakdown of the grid could affect local activities, including banks, but it is a lot harder to shut down the whole world. Nevertheless, there may be an opportunity to create a back up - could be your next company! All the best
I still don't get it. Some entity has to have oversight.? Money in the bank is FDIC insured up to 250k per account. What if a problem arises with a Bitcoin transaction, then what? You have nobody to call for support? Just like Cashapp. Lol.
@@Gypsygirl9 what do u mean exactly by " a problem with bitcoin transactions." I'm still new to bitcoin, but from my understanding, if you want to send a bitcoin to someone, you need their bitcoin address. I am not exactly sure what you meant by transaction problem, could you please go more in-depth?
Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.” -
Bitcoin is a cryptocurrency that is conducted on a public ledger, the "blockchain." Digitally transferred, it exists only online. Much like gold, it can have monetary value while also being a commodity, but it’s still its own currency. It is also decentralized and not managed by a single entity, but rather a group of people who process transactions, called miners. This means it is not subject to government regulations when traded or spent, and you don't need a bank to use it.
@@nicholasjames1833 this is all a foreign language to me, but I like your explanation. While I still don’t totally get it, it’s clearer than most... so, can you sell bitcoin or somehow exchange it for paper money? And if so, wouldn’t That paper money be taxed by the government? I feel they’re going to get “theirs” no matter what...
@@chellesimm Nothing beats getting the best from financial advisor and work on your Investing tolerance and with time you'd be a pro. i came across this bitcoin miner dustin edward in a magazine few months back with his skilled training and guidance i've seen a steady rise in my ROI these past months
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
Here's a tip.......drill a small hole in your cranium.......then, next time you view it, it will pour into that hole........PS. I am a certified brain surgeon who has a dandy drill in hand.
Not only I can learn about Bitcoin from you, but I'm also learning advanced financial concepts in a simple compressed and comprehensive language. Subscribed!
Are you looking for a well trusted site were you can invest Bitcoin and earn more of your investment? *CRYPVEX* is the right place to invest, I'm a leaving proof I invested $2500k worth of BTC they min and I got paid don't wanna keep this all alone.
I think, as an absolute novice, that the emotion I'm feeling is frustration, not hatred. I'm frustrated that, although I'm getting a clearer understanding of the bitcoin concept, I'm still a long way off being able to actually get started; to start taking part. I'll keep watching and learning. If I could afford an in-person mentor, I would hire them immediately.
You see my friend, the best way to get knowledge is to learn on the job. Also benefiting from crypto investment isn't rocket science, all you need is to discover what really works and dive in to it, by that I mean a good platform as well as a good risk management strategy. You only want to have your investments where your capital is safe, secure and possibly insured. What's your number so I can text you details on how to go about it?
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Makes so much sense and to know someone in a third world poor country can make more then someone in a wealthy country is truly "Priceless". Globalization is finally here! Thanks for the information.
If you are interested in bitcoin I can help you earn that amazing profit you desire because I use the most sophisticated bitcoin and cryptocurrency mining machines and personal developed analysis intertwined with my wealth of experience which enables me earn huge profit and that is guaranteed
WoW! Amazing! Thank you very much for this kind of explanation! More than 10 people tried to explain me this but they couldn't, you did in 12 minutes. Thanks man! Subscribed immediately and heading to the next videos.
If you are interested in bitcoin I can help you earn that amazing profit you desire because I use the most sophisticated bitcoin and cryptocurrency mining machines and personal developed analysis intertwined with my wealth of experience which enables me earn huge profit and that is guaranteed
@@jennyfulton5275 Investing in bitcoin is the best investment anyone can do this year 2020 Because bitcoin investment has made a lot of people millionaires
Without that historic first transaction, bitcoin would never get any real value to begin with. It has to start somewhere of course, so I don't think that guy is necessarily kicking himself over that.
If it's worth 47K why wouldn't anyone just cash it in and buy it again? If Coca Cola went to $50K per share who in their right mind would not sell and buy again.
This video made me to invest bitcoin With the tested and trusted Btc Guru master PARK, I have loads of btc on my wallet right now whatsap em via 1(661-927-7336)
The Bank Offering The Service You Receive A Visa Debit for credit cards To The United kingdom in Advance To help The Company Recover The Money from your curr account 99a70fa card is available To The United states treasury department To help your credit card number be Able systems To help pay The Loan You Have To Be Eligible To Receive The Loan for The Google wallet's Yourselves format Their own Service To The United nations pay The same Amount Of Money is paid to Benefit your credit score for The next Level Of Service Will Receive The following statement from The startup Programming team and your credit history is The best option to make your credit report ordered To Be paid To Benefit from the purchase agreement with The United kingdom and The Amount of cash app is The best way for The United states treasury to pay Vance Jackson was the Loan holder of The securities exchange commission for The first one To pay the price as The Amount you Receive and You Will Receive a payment certificate for a free deposit To your account number is available To The United states treasury To see The Bank account 99a70fa card and You can get To The bank and Stashed it on The phone with your mobile phone or phone number to and You are Able for the United kingdom of the United nations to be a good chance for you To pay for The service to your home state of your life cycle to The right of The United nations. The Bank of England based on A Visa and The u.s. treasury note that Have The Money from your credit account 99a70fa and The IRS itself will Be REQUIRED To Receive a payment for The loan you have received The Money you Deserve to The United states of Ameri capital of A Full Service and A Generally accepted payment Of/1EVBKK6ZVOTPDF5EQVTDDSP-YNQ7YVKDS in Advance of The transaction with The bank of England in order To pay the loan and The Amount Of cash app +$DaDonLee23 received The following transaction for The transaction with the following transaction period where it Easier To Fund The purchase agreement and The Amount you owe it to me for The transaction of The loan You Have received in Advance Will Receive the following statement and The following statements regarding the Loan You will receive are going To Have to do with The company Recover the debt You Have received on your cash app is,,,$500.00
I APPROVED The Loan You Have received for The transaction with The United auto Service company that Will help You find The Right balance for The transaction with The right to get The Money from the purchase agreement of The United states treasury To the United nations and You will Receive The same tax rate for The transaction and The Amount You owe it on the loan You Have received from Thek Bank of the UnitedHealth's nationsbank.model industry Advancement today Benefit of The United states treasury department To help your credit score in Advance To ensure your financial services To The financial data center and You Will Receive The most Important information you can provide for The transaction and your credit score and credit cards for The loan You are entitled to Be paid To Benefit the Company and A good deal for your G-Pay$Killy23 deposits ) $1200.00 to a Visa to help your credit card number and You Will Receive the same amount as The payment Will be paid To Benefit The bank Of England in order to make a decision on the phone to you Have received the same request from your curr to the financial services section of The UnitedHealth's nationsbank.model and The I APPROVED payment Of/1EVBKK6ZVOTPDF5EQVTDDS and You should be allowed today Benefit
@@jeffwaterstreet1458 There is no disadvantage I could think of and El Salvador is just showing the world it is great as a currency. Any counter arguments?
@@erenylmazer356 There are huge disadvantages to Bitcoin: 1. Too volatile to be used as a currency, economies need a fairly stable currency. 2. Bitcoin is not scalable. Today's miners can barely keep up with the current transaction level, currently a tiny fraction of transactions in fiat, like Visa and Mastercard. 4. Transaction time is horribly long, not usable for most transactions. 5. True transaction costs for bitcoin are several orders of magnitude vs fiat. 6. Miners today are not being fully compensated for the true costs of transactions, because they want the Bitcoin payment. Once this dries up, there is no incentive to continue mining (for transactions), and fees for mining will never be enough compensation to continue wide-scale mining. 7. These cheerleaders talk about inflation being a bad thing. However, Bitcoin adoption would cause deflation, which is worse for growth than inflation. It is embarrassing to think that anyone would use El Salvador as an example for validating crypto as a currency. FWIW, no 1st world economy would ever adopt a private crypto as a valid currency. Major countries might offer a digital version of their fiat, but never private cryptos like Bitcoin.
@@jeffwaterstreet1458 1) As bitcoin market cap reaches that of the dollar (~100trillion) I can assure you it will be stable or you can just use dollar as the price currency and pay with btc instantly exchanging it. 2) daily transactions in bitcoin happen with the lightning network it takes couple seconds and the transaction fee is less than a penny making it cheaper than visa since credit cards charge around 2 percent to merchants. 3) fees for mining does compensate quite well taht is not a good argument. 4) regarding the seventh point btc actually has some inflation cause of the mining rewards but 100 years later when 21 million btc is reached I dont know how it would impact, it could be a valuable point but the advantages clearly outweigh the disadvantages
@@jeffwaterstreet1458 exactly i keep telling people who keep pushing cryptos as currency, it will never happen, only countries that will take on crypto as payments are the countries where their fiat currency is worthless, plus there is no control over crypto and no country will be willing to take on a currency they have no control over. thats why china is doing away with it and pushing their own digital currency.
1.) If your money in bitcoin is represented by a web address of sorts and you use the money by sending x number of bitcoin to another address or receiving x number from another address, how do you safeguard the legitimate owner of “said web address” from a breach by another in use of those funds. Especially in instances where a product is immediately exchanged for the bitcoin. I mean, even if the system is peer maintained (or whatever was said) who is liable for fraudulent exchanges involving stolen bitcoin?? Rather, can criminal activity such as that be recoverable at any level, and if so, please explain. Basically, how protected and secure is your money when in bitcoin form from criminal attacks, in general (but at the very least, when compared to the securities provided by banking systems such as 10k FDIC guarantees, etc. )? After all, aren’t the owners of bitcoins said to be anonymous?? How do you differentiate the criminal from the victim? 2.) How is it that the value of bitcoin continues to rise such that 10,000 bitcoin was worth no more than the cost of two pizzas a decade ago, but now is valued in the millions? I’m sure this has to do with its widening usage as payment for goods/services, but how is this calculated? I mean, I understand the concept behind one currency ranking in value over others, but only in the sense that it relates to wages being paid to produce these goods and services. Is this even a principle of currency valuation?? Are there additional factors, assuming my wage-reasoning is a valid one? Could it be said, were the future for bitcoin perfect in that it became the universal money of the world, that bitcoin would reach its ceiling investment value at that point? Ya know, where $1 actually equals $1 unlike what it is now) ?? Which leaves the question...what are the projections for investment return in such an optimal environment? Like how futures are forecasted, right? What is bitcoin’s projected return? 3.) All of these copies of bitcoin exchange that carry over with each transaction, branching off into a variance with every “post”decessor copy safeguarding the traceability of untraceable (anonymous) monies and...?? What else? Yes, I heard the reference to the controlling nature of govts manipulating the deflation/inflation of currency and fraudulent financials doing the same, but not all manipulations serve our economy in such disparaging light. Am I missing something? (Asside from the fraudulent dealings of independent banking institutions) It just seems like bitcoin is reducing government currency to such, that it’s devoid of any positive attributes or at least when compared to bitcoin. Such one-sided sales pitches tend to accompany investments that are doomed in sounding too good to be true (ya know, like how things are incredible, until they’re not!) What happens when WWIII erupts around the globe? Explain to me why I’d be incorrect were I to liken the stability of a bitcoin economy to that of your ISP and Power company’s ability to carry out their daily business functions on such a wide scale, as necessitated by a virtual economy ..? (and please, let’s not split hairs into dodging my question or the logic behind it, oky doke?!) That is all, thank you
2. Simple supply and demand, just like the USD. There are about 18 million bitcoin in circulation with a cap of 21 million. There will never be more than 21 million bitcoins. The more people adopt it the more the price for each bitcoin rises, when society fully adopts it the price with become less volatile and level out like a normal world currency. Bitcoin is divisible by 8 decimals after the 0 so you don’t have to have an entire bitcoin.
3. This is not a sales pitch, he doesn’t make any money from you buying or not buying bitcoin, 1 trillion dollars is already in bitcoin so little old you buying some won’t even dent the price. This is just informational. If WWIII happens many people will all still have copies of the ledger and you bitcoin is still cemented in the ledger that it’s yours and when it’s over it will just come back. The recipe for bitcoin is still there (it’s math) so people will just get back on it or relaunch it again as another cryptocurrency (there are actually thousands of other cryptocurrencys that exist now using bitcoins formula)
@@brian9 thanks for sharing more information about this cryptocurrency and addressing some of my questions. I know China is supposed to be releasing a new cryptocurrency soon (or just have). I’m interested in purchasing some but, I’m thinking with all of the people living in China, I’m thinking that I may jump on their bandwagon. :) thanks again Brian
I’ve been looking for a good, simple explanation of Bitcoin to send to my Dad and Father in Law, as a I find it hard to explain. I looked at a few other videos before this one, but this one is the best I have found so far. Thank you for making this video.
Wells Fargo employees created fake accounts because they had performance pressure to open accounts. The accounts did not reflect extra revenue, they simply reflected more customers.
YEs and No.... the extra accounts helped boost their perceived revenue which increased the stock value. No money needs to come in. All they have to post is how many accounts they are opening and the stock price will surge.
Despite the economic downturn, l'm having the best time of my life financially. Earning over $120k in the last 2months with an investment of $20,000. Money can be made even in a bear market. Make the most of it.
"Great intro to Bitcoin basics! Highlighting how money shifted from physical value to trust-based systems was spot on. This makes understanding Bitcoin’s decentralized nature way clearer. Keep going!"
Elon opens his mouth, Bitcoin soars. Elon opens his mouth again, Bitcoin tanks. Meanwhile my five spot I have in my wallet is worth roughly the same amount it was yesterday or a month ago. Maybe $4.99. Crypto still has a long way to go before it becomes the trusted defacto currency.
@@ChelseaGrin8094 No delta here. It still has a way to go. It's certainly gaining steam (read: momentum in the retail world), but does it have legs to take over the dollar? Dunno.
@Kedonski Another day on the market. Momentum != Long Term boner. I'm happy because I have GBTC. Still not convinced that it has permanent legs. Maybe when all the sheep drive it to $100K and it stays there, I'll change my mind. :)
@@travis8665 Not everyone is as intelligent as you are. Many people are just starting to understand BC like myself. I wasn't meant to be poor at all. Made my money in residential real estate and at 29 years old I acquired over 37 rental properties which my tenants paid for. Just wonder why you are watching TH-cam videos on "What is Bitcoin" if you are so rich and intelligent. I bet you are poor and living in the basement of your parents home with no to low credit score. I'd say your not the brightest bulb in the box are you? You dumb ass!
Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
Very nicely explained. I haven’t understood Bitcoin a lot but the evolution of Bitcoin and what it is trying to replace is very well explained.. subscribed!!
Do you know that you can earn more than $10,500 weekly and more than $25,000 monthly in trading bitcoins with a suitable and well guaranteed platform broker without doing anything stressful?
Well, It was a piece of enormous information I have ever seen! Thanks buddy! What fascinating me here is that what would be the value of a bitcoin in the future when there’ll be no more fiat currency anymore? Apologies if this is a dumb annoying question but I just can’t seem to find an answer. Thanks!
The idea is to replace fiat currency. Meaning instead of paying with dollars, we will pay with bitcoins (or any other coin for that matter). The one more advantage of Bitcoin , though as the oldest , most recognizable and valued token, is that it has limited supply that can never change. It was designed to have only 21 mil bitcoins ever. This means the prices of goods and services will only decrease over time with increase of value created in the world (in form of goods and services). There will be no inflation. Image to have only 21 million dollars in circulations..
Rudy, I didn't get it but I would appreciate a short explanation about WHY anyone would invest in Bitcoin. I understand the forces that move currencies, but what moves Bitcoin up or down and how are these forces measured and managed?
@@andersonemily7800 And your point would be what? What drives bitcoin? We all understand why the price of beef, for example, goes up or down, but what DRIVES bitcoin? We have some way of understanding the forces that drive the major currencies, but bitcoin? Can anyone promote a new currency that has no base at all?
Am I the only one who doesn’t understand bitcoin? Watching a documentary about it now and they might as well be talking Chinese! Too much of a risk I’d guess!??
i cant figure this out either. my young brother and his friends are all huge into bitcoin, and my old school 30 year old ass is just trying to understand this shit!
Hahaha Yes, I know how you feel, try this have you heard about the whole world going cashless? Yes/ No If the answer was YES, using bitcoin is like that but no banks. If the answer was NO, then think of it like there is no cash and only cards, with no banks. I can just open my bitcoin wallet/account enter the amount and address of your bitcoin wallet/account press send and it will automatically find your wallet/account and put it in THE END.
Thank you. I’m taking your course to understand Bitcoin. It’s informative and useful. I’m 74. You’re doing the public a great service. It’s important you know that. While many people may not express it. They’re grateful. God bless.
CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers.
Stay safe 🙏🏻🙏🏻🙏🏻
But I thought bitcoin doesn't have problems with fraud the way fiat does?
@@maxazzarello8695 While Bitcoin's decentralized blockchain technology can provide a high level of security and transparency, it is not immune to fraud. But fraud can take many forms, including hacking attacks, Ponzi schemes, and phishing scams. Therefore, it's important for individuals to take precautions to protect their Bitcoin, such as using reputable exchanges and wallets, enabling two-factor authentication, and being cautious of suspicious links and emails.
@@99Bitcoins Thanks for the reply!
Would you consider Tether to be a reputable part of the crypto ecosystem?
My pleasure 😊
Tether is a controversial cryptocurrency that has been the subject of much debate within the crypto ecosystem. Some people in the crypto community do not consider Tether to be a reputable part of the ecosystem, while others continue to use and trade it. Ultimately, whether or not to use Tether is a decision that each individual should make after carefully considering the risks and benefits.
Same here
What is the best strategy to succeed in the market now for someone with more or less than $3k
True, almost gave up due to constant losses, but Jared turned my luck around
Crazy seeing Jared mentioned here. Not up to two months with Jared, I cleared my debt of 3 years
Meeting Jared Brian Watkins changed my life. I was barely able to make rent now I'm looking at houses to buy
How can he be consulted
on face
book
He is Jared Brian Watkins there
Me before the video: yeahhh i will finally have an idea about bitcoin
Me after the video: danm i still dont get it
Lmao
Same
@@declanbaxter5828 That's a scammer. Click their page.
Same here😒😒I still don't get it
HHahaha this made my day
Finished watching the video and I only have one question…what is Bitcoin?
Is just like money with wings
It's just like money from the casino..most certainly a scam.
Well don't trust in me i'm only a 13 year kid but becareful scammers these days...😂
@@aianna3814 you’re joking thankfully
🤣🤣
A scam for dumb as rocks, smarty pants millennials...
At the end of this video, i can safely say....im still in the 99% of the population..who are clueless.
And I can safely say that I, too, am not so much as a single percentage point wiser.
I'm relieved I'm not the only dumb ones🤣
Not so clueless now..but certainly not anymore confident in it..8n fact the more im understanding it..the less confidence i have in it...i think many want it to be true...
Bitcoin is very profitable but if you don't have any club on how to earn it better you stay off it because you might lose a lot of money
@@michealtucker6360 what high IQ do you need..you buy some bit coin..you wait for price to go up..you sell ..basically l8ke the stock market...i understand it..dont trust it long term..and dont believe in these schemes...whos the loser..for someone to get rich..someone has to get poor..
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result hard work and hustle over time. I pray that anyone who reads this will be successful in life
Amen
Brahamen
Amen and you too
Very well put. Rhetorically speaking, may I add the following. The word "successful" is quite a relative word. In other words, my definition of success may not necessarily equate to your standards. Having said that, I too pray that many will ultimately find success in their own way. God Bless.
Class Act Top Man
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 27 btc from day trading with Harry’s Dent insights and charts his been one step ahead of other analysis….
He's mostly on Telegrams, using the user name
HarrysDent
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience…
Well this is not my first time of seeing his name on social platform. I think he's extremely brilliant and lucrative at the same time.
Always backup your trading with a good strategy.
Maybe I should watch this again when I'm not drinkin'.
Lol
All Crypto is a farce; don't mattering your sober or drunk
😂😂😂😂😂😂😂😂😂😆😆😆😆😆😆😭😭😭
@@guduboy6108 Scam!
Won’t make any difference.
Clearly, this guy is a genius. BitCoin is still a new (difficult) concept to MOST of us, but see this video right here? Comprehensive, concise, complete.
Well done, Nate!
Thank you! *Subscribed*
Hi paradise yuille how are you doing
Clearly this is a con. If I start up a new bitcoin ledger and sell it to dummies it has all of the virtues of the original Bitcoin. So I can start a million of them and hope the patsies don't notice? You've got to be as dumb as a brick to fall for this.
Good you understood better
True
Saving Bitcoin is not a bad idea but trading Bitcoin earn you more...I have lost over 20k Worth of Bitcoin with the current dip
Despite the economic crisis and the coin dip,this is still a good time to invest in Bitcoin trade
It's possible to produce superior performance provided you do something different from the majority
That's an awesome idea,a good trading system would you through many day's of success
Should have held , so much for the dip!
Yeah , you did the buy and hold strategy not the trading strategy, if you hold bitcoin in your wallet without trading it ,you will definitely fall in the loss .
I’m looking for a way to automate my Solana token purchases. Any suggestions?
Yee
"Don't worry if you know nothing about bit coin, at the end you will still no nothing, but no need to worry about it"
Learn the different meaning and proper grammar useage of the word no verses now verses know verses canal. Hooefully, you are more confused.
@@terrywix6844 lol, little gramamamamar bitch
Mind blowing in 2021! Why didn’t i see this in 2018 :((((
Peoples will be saying the same about now in 1,2,5,10 years time 💡
Mind blowing in 2025! Why didn’t I see this in 2021? :(
Hi
Hello
Lol. Now almost 2025. I bet they’re saying same thing in 2030
You must be an economics teacher because that’s the most simplest explanation I ever heard
I am not shy to admit that I am one of those people caught in the 9-5 trap, waking up every day to slave away on someone's achievements. My ultimate goal is an escape from this which is why I am exploring a lot of options like mutual funds, stocks and cryptocurrency investments.
I don't know much about these topics but I'm willing to pay 100% attention to any one who can teach me at least one or more.
I'd like to know what kind of investments you make and how you go about them if you don't mind.
a lot of people are even in worse situations than the 9-5 trap, some depend sorely on food stamps which is not provided in so many other countries and a lot resort to harsh lifestyles to survive.
I've been through a lot of investment journeys, some really great and others 🚫.
But for the most part the most profitable in a shorter time frame was cryptocurrency and forex investments, they kept the income coming in all through the year.
Hello, i wish to start investing but i don't know where to begin. Any advice or contact for help? ~ih0
Talking to an expert like David Robert Michael to reshape your portfolio is a very smart move
Wow. I'm shocked that you just mentioned and recommended David Robert Michael. Didn't know he has been good to so many people.
True, Almost gave up due to constant losses, but David turned my luck around
Crazy seeing David mentioned here. Not up to two months with David. I cleared my 100k debt of 3 years
How do I connect with David? I would appreciate if you show me how to go about it
1 Bitcoin will worth millions of dollars in no distant time, People who ignorantly did not adopt the system will be more poorer. The earlier the better to have and hold bitcoin because it's the future.
Crypto currency and Nfts will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment
Bitcoin is the future, investing in it will be the wisest thing to do especially with the current status
You are right but the market is profitable if you are using a really good platform to help out with trades
Yes you are right! Bitcoin trade is the best investment anyone can ever imagine and the profit is huge, believe me this is the best time to invest in it based on the current market status
Artist and designers uses it to sell art and collectables. Everything is moving online so makes sense for them to do it that way.
This is an awesome explanation. I think the reason why it is so difficult to understand what bitcoin is is because many don’t understand what it means when money is described as “centralized” and you explained that very well. I finally understood it thanks to you! :)
can you help me out? So for example if i were to buy $1000 worth of bitcoin and for example lets if it were at 30k and then bitcoin went up to 31k. How much would I of made in us dollars you think?
@@Brutal858SD if I’m not mistaken, you’re bitcoin would have become 1033.33 usd worth by then, so you’d have already made 33.33
@@Brutal858SD
You would make 1/30th profit. You are already exchanging its value to say it is 30k up to 31k.
I would be cautious of buying it with real money as it is very volatile right now. Also be aware of scams, be sure you know the service you are using is safe.
-- OOPz late reply. Thought I was on most recent comments :$
Lies again? Bet Clic
@@NazriB I think you don't know about btc investment
“Bitcoin price keeps increasing exponentially”
Me: *buys bitcoin*
Bitcoin: well now I’m not doing it
Yes
Right that’s how I feel about it
It's the natural cycle. Just hold it. Years from now you'll see.
Just go back through the years to look at the natural cycle.. it will go back up. It's much higher than it was a year ago
Try converting it back to cash. Reports I’ve heard is that you can’t
@@matthewburgess5034 😂 idiot
I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?
Yes, you can start an investment, There are many reasons to invest in Bitcoin after understanding the market and risks.
Investing in Bitcoin is the number one thing one should be doing right now, although there are lots of risks the best way to invest is through cryptocurrency and Forex.
There are also organizations that help maintain your interest and protect you from the unnecessary risk which you can't predict on your own.
It's not too late to invest. Though cryptocurrencies are getting more volatile. This means you should only invest with companies with professional traders and a guaranteed level of return.
Forget crypto. It's an idea, not a product. It is not backed by any security such as gold. It is not backed by a government. Once again, it is only an idea.
Buying into crypto now is paying way too much for an idea.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
@@jadenhelms9205 yeah I got some Bitcoin to sell out making millions
Been trading crypto since 3 years ago, now I really understand what Bitcoin is and how it works... Very insightful.. thx
I, like many others, were confused. However this video helped me immensely. For those of you still confused, bitcoin is another form of currency for us all to pay for items. It opens up transactions worldwide using the same currency...a bitcoin is a bitcoin is a bitcoin. While it is interesting concept, the worldwide acceptance of bitcoins is, in my opinion, a difficult hurdle.
Ah i understand now.thank you
So it's like I can use bitcoin to buy whatever I want like from other countries
You can use it worldwide
Bitcoin is mac daddy....it was created to cut out the middle man!!!!
Being an early adopter in coins...meaning you can buy crypto coins low and by holding them HODL.
Buying coins less than 1cent
Eg ULX Ultron coins
100 usdt would get you approx 1995 Ulx coins currently 0.05 cents...let's say it has a 311% smart contract investment of 5year maturity what ever the price of that coin will be
1995×311%=6204 Ulx coins
If that coin hit $5...that will be $31,022.25 USD....so for the little guys looking at coins or their usability behind them contributes to value of coin
It's a matter of DYOR....coin market cap CMC or Coingecko platforms to study coins....
Not financial advice I am merely getting educated in this decentralized system
Risk...everything is risk even in life....only put in what you can afford to lose...
.
It's not a get rich quick system...
Education is key people
It's unstoppable 🎉❤
Good luck
BTC for $75K by end of this year& Control
of The Currency is already Decentralised And now the China disruption would simply
Decentralise the Mining setup for the better
The great work
It's $120,000 a few hours ago
I must be as dumb as a box of rocks. I still don’t fully understand.
The only part I got was “everyone trusting the government “ That’s the funniest thing I’ve heard in ages.
lol. Try watching again
@Alright Alright Alright Bingo. Intelligent people are good at figuring out exactly HOW MUCH they need to know and realize that there is no way they'll know everything about anything.
I feel the exact same.
@@Octopussyist right!
its an alternative to money with lower costs
*I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.*
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Do you mind sharing info on the adviser who assisted you? I'm 40 now and would love to grow my stock portfolio and plan my retirement.
The adviser I'm in touch with is 'Alfredo L. Brown FX' He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me his strategy works hence my result. He provides entry and exit point for the securities I focus on.
The crypto market have always and will always be a volatile market, that is why it is important to have proper research, analysis and strategy when investing
It can be said a little simpler, if you want to be rich then focus on saving and investing, if you want to be poor then focus on spending
The video isn't about getting rich, it's about understanding crypto.
what the fuck are you smoking?
correct me if I'm wrong, I think you forgot to answer the most important questions:
1- who issues the Bitcoin ?
2- who decides its value ?
many thanks.
Yes, it's all just TOO anonymous.
@@royfearn4345 ok control freak. You deserve to lose all your value by supporting the gov money.
Miners issue it until 21m cap reached. Value is decided same as anything else, whatever you can get for it based on supply and demand
3-WHAT exactly backs it up? (like paper bills are backed by govt.)
It's like a stock market exchange sometimes when the market is bad it's falls and when it's good it goes up. Dr
I had 4 tears of economics classes in college, and this is better than any class/lecture I ever had. This guy explains it thouroghly.
Do you mean 4 tiers?
Solid video, engaging from the beginning to the end. Crypto will make more people financially independent than any other asset class in history. Bitcoin is still the most fundamentally sound asset in the world
Which app are u using
I left this video with soooo many more questions than when I started it.
Timbo Slice Let me break it down . It’s like a new form of money or exchange of money. You have to actually watch the video and break it down in words and not jus watch it.
Hahaha!!! Lolz!!! i Know Rightz!!...
Same
Good. Keep learning! 😃
I was able to recover my 15 BTC that I was scammed by an investor, thanks to zaelcyberservices . com who I was recommended to. Believe me if you’re out there and someone scam you of your Bitcoin Email zaelcyberserices .com they’ll restore it back to your bitcoin wallet.
One big question you failed to address...what are the disadvantages or risks of bitcoin?
thats what everyone who pushes crypto does, they dont tell you everything, they just want to push it.
@@CaptBanger people can still steal your money as long as its not in a personal purse, also ive had it where the app where i bought crypto from kept selling my coins on me, putting sell orders when i never put one in.
The disadvantage of bitcoin is that it has no value. It is not backed by anything.
As I'm no expert in this, I will use my time to explore and educate myself before diving into Bitcoin. Thanks for starting at the beginning and taking the time to help potentially millions of people get out of the banking system who only use our money to get richer. Eventually money as we know it will have no value
I started trading Bitcoin months ago, I have already made over $250,000. I wish I knew this sooner, I would have been a millionaire.
Thank you for spending the time helping to educate dummies like me - it is very much appreciated.
Two questions if I may:
- you talked about the advantages of Bitcoin, but what about the disadvantages; and
- how do you establish or go about assessing the (theoretical?) value of Bitcoin? You said that the US dollar, for example, is based upon trust in the US government.
Thank you
Those are some high quality questions you have! Please update the answers to the brilliant questions here when you finally found them. Thank you.
@@chewfuling tag me too if you find the answers!!!
thanks!!!
The biggest disadvantage of using Bitcoin as a form of currency I can think of is how its transactions are irreversible. You won't have any authority or centralized system to dispute your transactions with if something happens. Other than that, it's more secure than money in your bank and more merchants already started accepting BTC as payment. As far as the disadvantage of investing in Bitcoin or acquiring Bitcoin right now is the value fluctuation. The theoretical value of Bitcoin cannot be determined I guess until the market is capped. As long as Bitcoin can still be mined and added to the circulation, supply and demand will determine its current value. Remember, US dollar as a currency is established based upon trust in US government but its value is determined by supply and demand. US government just has the ability to print more money if they want to, which can affect supply and demand. There is no limit or cap for US dollar. However, Bitcoin does have a limit at 21 mil. In my opinion, its final value will not go below 38k due to big corps like Tesla and MicroStr acquired large amounts at that price.
Me too !
Hello
I’ve started looking into bitcoin recently and as I can’t beat myself up too much because I was only 16 when it first started I’m definitely going to start getting into it and this video has been a really really awesome explanation. Thank you.
Been looking for an understandable explanation - and without the editorializing virtually all other explanations. Nothing comes close to yours. I also appreciate your updates, in the comments. This is an extremely valuable channel. Thanks for keeping it active. I'm on to your other bitcoin videos.
OK, I understand how it works technically. But how a currency that basically had no value to start with can gain so much value is still not quite clear. Or at least doesn't seem stable.
Bitcoin will still bounce back its just a matter of time, if you have the opportunity to invest it's cool because you making enough profit before the rising of bitcoin your wallet will be full with much dollars
The value of any coin comes from 1. Scarcity and 2. Utility.
1. With bitcoin there's a finite amount (26 million) in existence (compare that to something like gold which we don't know how much actually really exists surely and if they discovered gold somewhere in abundance whatever gold you have will basically reduced in value)
2. Its value is created by how ease of transaction it is compared to money without a third party (basically it's like exchanging cash virtually in real time) and it's decentralised model. So value comes from how many people dip into it because of how much belief people have in it. If you believe in it, you buy it and it's value increases (reverse is true similarly)
Hope that clears it up for you :)
@@The-bi5ry Exactly. So when ONE SINGLE COMPANY announcing that it will no longer sell against BTC can make the value drop 30% it becomes pretty clear that al lot of people either misjudged the factors utility and scarcity or simply didn't pay any attention at all.
And now they are whining and blaming Elon MUsk.
It's real and it works successfully for investors
agree bitcoin will ascend to the capital throne no matter what happens to the economy!
Exactly, that expression "buy back your time" well thats what investing allows you to do.
Still super skeptical about this whole Bitcoin thing
@@chris-pj7rk Cryptocurrencies are the future of finance. The world is evolving, follow it or be left behind!
@@claradidi7573 The crazy part is that those F.A are probably outperforming the index and raising good returns. I will give this a look, I'm really thankful that i can came across such a conversation.
When the internet goes down, so does all crypto..
The pizza part, I paused the video and think about my life choices....looked up at the sky and shake my head, than I came back to finish this video 😔
HELLO
@@bitcoinliz7726 HELLO
*Your skills show why an old teacher is the best teacher there are plenty of 20s young guys doing tutorials but their material is half cooked. You spoke at length but the end was a climax 👍🏻*
Now I'm really confused I thought our climax was when a woman had an orgasm
@@skullyjack7678 Are you saying climax is an adjective reserved for sexual activity 🙄
Well I guess depending on what generation you're from would determine on what your peers used the word in reference to the most but I was just joking as the word by definition can be used in many ways and terminologies
But I never said reserved for sexuality I use it in reference to sexuality but good try
"We all trust the bank, and the bank trusts their computer."
I laughed so hard at this
I trust only bitcoin.
You must be really good at it to trust it so faithfully, Ive only suffered great losses in it and I think its a waste of money or maybe its because I didnt have the right knowledge hence my reason to watching this video
@@maturiachije4356 Thanks, god bless you!
@@saratoufeeqtoufeeq8936 anytime....stay safe.
You vision it’s brilliant
I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?
I will enlighten you on how to trade and earn while trading
Inbox me to learn
I learned years ago that if you don’t understand a financial product fully you shouldn’t get involved with it. What I do understand about Bitcoin is that it has counterparty risk. That along with the fact it is far from clear how it really works, (as many comments on here confirm), puts me off getting involved with it for the time being.
I learned that you don't have to know how a car engine works or that you don't have to be a mechanic to buy and drive a car. That said, go on and take a small risks like you did when you bought your car and buy Bitcoin and enjoy the benefits you will reap from it in the future. Or you will regret and wish led you had bought some. Enough said. 💯💯💯👍👍👍
@@alpha2957 that is not a very good analogy at all.
Its proof that it is only good for those that invest. The poor will always be poor and deservably so. They will never understand. Investing like this is not for fools.
But with a car, there are BILLIONS running around in the road all around the world that we see with our EYEBALLS. Or ride in them. The proof that they work is there. So we trust them. Not HOW they work.
I trust bitcoin even less after watching this video. Thanks, very informative.
Why
Whats your logic here? If anything i trust tradicional banking less
@@moatazabdslam4393 what is more investing bitcoin or gold?
@@jeffreestar4022 btc is a bit risky unlike gold , but gold gives lesser profit than btc
ngmi
One of the best explanations I have seen on bitcoin. No other TH-cam video has come close!
Nate, thanks for this awesome introduction to Bitcoin! Your ability to explain complex topics in plain English is truly appreciated. I'm excited to dive deeper into this series and learn more about how Bitcoin works and its potential impact on the future of money. Keep up the great work! 💰🚀
My pleasure!
Very interested
I shared “What is Bitcoin? Bitcoin Explained Simply for Dummies” with some of my friends and family. It really is a great video for people who are new to the crypto currency space and doesn’t really know what Bitcoin or crypto currencies in general work.
Actually this whole channel is great for beginners that want to learn more about the basics.
Edit: Please ignore the replies below my comment. It is spambots posting some scam.
I also have been using Mr alec payden's services for a year and half now and its been great pleasure watching my portfolio grow in his care.
As a 61 year old retired business and finance manager, I understand it fairly well now. But I'm seeing a drawback. As it is digital and all transactions are digital, then if we were to have a power outage or worse a solar flare that shuts down the grid throughout the whole world, then what are we to do? We need a backup or contingency plan for when transactions are impossible.
That is also true for the banking system though. In the case of "digital is blown up", everyone will suffer.
Invest not only in money but in items who people will seek like , grain , honey , alcohol, medicine… if the economy ever goes down trades will be the new way of money
The comfort level is that the shutdown would have to be global, since the information is so decentralized. As we saw in Texas last Spring (2021), a breakdown of the grid could affect local activities, including banks, but it is a lot harder to shut down the whole world. Nevertheless, there may be an opportunity to create a back up - could be your next company! All the best
@@power_of_many to create a back up for everything and anything it’s the best investment
Yeah man what if a fucking meteor hit earth and killed us too…
Worrying about btc when the whole world is out of power is a bit ridiculous
Thanks for taking time to explain but I still don’t understand. You have a new subscriber 🙌🏾.
Thanks for joining us! Your comments and questions help us continue to provide helpful info about cryptocurrencies.
I still don't get it. Some entity has to have oversight.? Money in the bank is FDIC insured up to 250k per account. What if a problem arises with a Bitcoin transaction, then what? You have nobody to call for support? Just like Cashapp. Lol.
@@Gypsygirl9 what do u mean exactly by " a problem with bitcoin transactions." I'm still new to bitcoin, but from my understanding, if you want to send a bitcoin to someone, you need their bitcoin address. I am not exactly sure what you meant by transaction problem, could you please go more in-depth?
@@Gypsygirl9 if you don’t understand you can inquire more from professional like myself
Great simple explanation. Great job
You pretty much explained why the Federal reserve is a criminal
They are. And they are about as “federal” as Fed Ex. Read End the Fed by Ron Paul.
I am head of your nice Federal Reserve......and I have just confiscated all your bank accounts and credit cards........OK?
never took an economics unit hey big fella
So true
This guy could explain to me the ratio of leprechauns to unicorns and I would believe him.
Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.” -
Bitcoin is a cryptocurrency that is conducted on a public ledger, the "blockchain." Digitally transferred, it exists only online. Much like gold, it can have monetary value while also being a commodity, but it’s still its own currency. It is also decentralized and not managed by a single entity, but rather a group of people who process transactions, called miners. This means it is not subject to government regulations when traded or spent, and you don't need a bank to use it.
the time traveler said bitcoin will make people rich
So this is trust in bitcoin or nothing!
@@nicholasjames1833 this is all a foreign language to me, but I like your explanation. While I still don’t totally get it, it’s clearer than most... so, can you sell bitcoin or somehow exchange it for paper money? And if so, wouldn’t That paper money be taxed by the government? I feel they’re going to get “theirs” no matter what...
@@chellesimm Nothing beats getting the best from financial advisor and work on your Investing tolerance and with time you'd be a pro. i came across this bitcoin miner dustin edward in a magazine few months back with his skilled training and guidance i've seen a steady rise in my ROI these past months
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
The rich spend money to save time while the poor Save money to spend
I had to watch this a couple of times to let it sink in. I'm finally getting it....thanks
Here's a tip.......drill a small hole in your cranium.......then, next time you view it, it will pour into that hole........PS. I am a certified brain surgeon who has a dandy drill in hand.
U can earn Bitcoin free, lemme guide u
Not only I can learn about Bitcoin from you, but I'm also learning advanced financial concepts in a simple compressed and comprehensive language. Subscribed!
Are you looking for a well trusted site were you can invest Bitcoin and earn more of your investment? *CRYPVEX* is the right place to invest, I'm a leaving proof I invested $2500k worth of BTC they min and I got paid don't wanna keep this all alone.
I have watched a lot of explanatory videos on crypto, this is the most informative. Well done and thank you!
And STILL I don't get it. We should have stayed with the gold standard. Or gone back to bartering?
@@royfearn4345 😂 nah
@@royfearn4345 that’s …a lot time consuming and stupid .And gold i’d decreasing day by day so ya there u go
@@royfearn4345 and if palace currency has worked so will btc imo
This is actually amazing. I feel like all the hate comes from the everyday person who simply doesn't understand what bitcoin means
I think, as an absolute novice, that the emotion I'm feeling is frustration, not hatred. I'm frustrated that, although I'm getting a clearer understanding of the bitcoin concept, I'm still a long way off being able to actually get started; to start taking part. I'll keep watching and learning. If I could afford an in-person mentor, I would hire them immediately.
Creating an alternative to the current monetary system seemed like a lost cause, but then everything changed when the Fire Nation attacked.
OMG
And Oppa got two of his four testicles singed because Ang flew him to close to the Fire nation's war ships......
Can BitCoin help me buy a flying Bison?
@@mheinrich333 It should. Can’t use Air Nomad currency. That stuff hasn’t been around for over a hundred years.
Had us in the first half ngl
Wow this guy explain everything in one video which i learn in 4 years in a college...
Is basically introduction by presenting the name and than, comunication on Bitcoin using the 4 P´s and economic language
Explained very well! Still hard to understand, but one of the best videos on the topic.
Do you invest in Bitcoin?
You see my friend, the best way to get knowledge is to learn on the job. Also benefiting from crypto investment isn't rocket science, all you need is to discover what really works and dive in to it, by that I mean a good platform as well as a good risk management strategy. You only want to have your investments where your capital is safe, secure and possibly insured.
What's your number so I can text you details on how to go about it?
Yes
U can talk all day only u can work it out leave things as they r
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Yes. Stop trading. Buy and hold. Sell in 10 or 20 years and make massive profits! Even better, don't sell and pass your bitcoin over to your children.
2 pizzas 10k bitcoins, damn that guy is killing himself.
Yeah pretty sure those pizzas have lost their value
DENT Now 250 times lower from its previous ATH, Sleeping Gem 1dolar is our Target 2021 !!!
He must be on Twilight Zone Now 🤪
Now worth over 570,000,000
@@Slothanacoin007 That’s the attitude I like When the all time low hits we’re going like mad dogs
I'm going to stick trading tulip bulbs as they have physical value.
i'd trade you 1 tulip bulb for 1 bitcoin
enjoy poverty as your government currency is printed to extinction
@@jer3504 I do not disagree with your comment, I just do not see Bitcoin or any other flatten hyped bottle cap being the solution.
I'm guessing some people replying to you haven't heard of the tulip bubble that happened
@@jer3504 Enjoy your poverty when the man sends you to the poor house with the flick of a switch or press of a key.
Makes so much sense and to know someone in a third world poor country can make more then someone in a wealthy country is truly "Priceless". Globalization is finally here! Thanks for the information.
If you are interested in bitcoin I can help you earn that amazing profit you desire because I use the most sophisticated bitcoin and cryptocurrency mining machines and personal developed analysis intertwined with my wealth of experience which enables me earn huge profit and that is guaranteed
Wow!!! What a beautifully explained video. I'm new to the crypto world and this has definitely made me want to learn more. Thank you so much!
Welcome aboard!
WoW! Amazing! Thank you very much for this kind of explanation! More than 10 people tried to explain me this but they couldn't, you did in 12 minutes. Thanks man! Subscribed immediately and heading to the next videos.
If you are interested in bitcoin I can help you earn that amazing profit you desire because I use the most sophisticated bitcoin and cryptocurrency mining machines and personal developed analysis intertwined with my wealth of experience which enables me earn huge profit and that is guaranteed
Same
As a beginner how do I get started ?
I actually started investing in bitcoin before lockdown now I make profits more than I expected
@@wojciechgorski5563 Can i invest from the comfort of my home ?
I’m very much interested in bitcoin
@@jennyfulton5275 Investing in bitcoin is the best investment anyone can do this year 2020
Because bitcoin investment has made a lot of people millionaires
Can a teenager also invest in bitcoin?
@@wojciechgorski5563 ale jak zaczac zeby kupic
Awesome video! I like this channel cus it is straight forward with it's content and broken down in plain English. You got a new subscriber ⚡💪
Just keeping up against the next door recession with this good explanation about criptocurrencies!! thanks!
that guy who bought 2 pizzas with 10,000 bitcoin is really gonna be hating himself today because right now 1 bitcoin is worth $47k USD
WAIT WHAT??
Can u please explain to me how to start like what apps do I have to download
Without that historic first transaction, bitcoin would never get any real value to begin with. It has to start somewhere of course, so I don't think that guy is necessarily kicking himself over that.
Is it?
If it's worth 47K why wouldn't anyone just cash it in and buy it again? If Coca Cola went to $50K per share who in their right mind would not sell and buy again.
Hooray! I finally found a way to be part of a 1%
I really love the way the explanation was made.
thanks so much if anyone didn't understand please listen again and again this is well explained...
Pls my friend am new beginner, I want u to guard me on it pls
I've watched a lot of videos on Bitcoin and this is the most helpful video i've come across - thanks!
Hell yeah! 😁
This video made me to invest bitcoin With the tested and trusted Btc Guru master PARK, I have loads of btc on my wallet right now whatsap em via 1(661-927-7336)
What is mary walls trading system
The Bank Offering The Service You Receive A Visa Debit for credit cards To The United kingdom in Advance To help The Company Recover The Money from your curr account 99a70fa card is available To The United states treasury department To help your credit card number be Able systems To help pay The Loan You Have To Be Eligible To Receive The Loan for The Google wallet's Yourselves format Their own Service To The United nations pay The same Amount Of Money is paid to Benefit your credit score for The next Level Of Service Will Receive The following statement from The startup Programming team and your credit history is The best option to make your credit report ordered To Be paid To Benefit from the purchase agreement with The United kingdom and The Amount of cash app is The best way for The United states treasury to pay Vance Jackson was the Loan holder of The securities exchange commission for The first one To pay the price as The Amount you Receive and You Will Receive a payment certificate for a free deposit To your account number is available To The United states treasury To see The Bank account 99a70fa card and You can get To The bank and Stashed it on The phone with your mobile phone or phone number to and You are Able for the United kingdom of the United nations to be a good chance for you To pay for The service to your home state of your life cycle to The right of The United nations. The Bank of England based on A Visa and The u.s. treasury note that Have The Money from your credit account 99a70fa and The IRS itself will Be REQUIRED To Receive a payment for The loan you have received The Money you Deserve to The United states of Ameri capital of A Full Service and A Generally accepted payment Of/1EVBKK6ZVOTPDF5EQVTDDSP-YNQ7YVKDS in Advance of The transaction with The bank of England in order To pay the loan and The Amount Of cash app +$DaDonLee23 received The following transaction for The transaction with the following transaction period where it Easier To Fund The purchase agreement and The Amount you owe it to me for The transaction of The loan You Have received in Advance Will Receive the following statement and The following statements regarding the Loan You will receive are going To Have to do with The company Recover the debt You Have received on your cash app is,,,$500.00
I APPROVED The Loan You Have received for The transaction with The United auto Service company that Will help You find The Right balance for The transaction with The right to get The Money from the purchase agreement of The United states treasury To the United nations and You will Receive The same tax rate for The transaction and The Amount You owe it on the loan You Have received from Thek Bank of the UnitedHealth's nationsbank.model industry Advancement today Benefit of The United states treasury department To help your credit score in Advance To ensure your financial services To The financial data center and You Will Receive The most Important information you can provide for The transaction and your credit score and credit cards for The loan You are entitled to Be paid To Benefit the Company and A good deal for your G-Pay$Killy23 deposits ) $1200.00 to a Visa to help your credit card number and You Will Receive the same amount as The payment Will be paid To Benefit The bank Of England in order to make a decision on the phone to you Have received the same request from your curr to the financial services section of The UnitedHealth's nationsbank.model and The I APPROVED payment Of/1EVBKK6ZVOTPDF5EQVTDDS and You should be allowed today Benefit
Great explanation. Looking forward to all your other ones. I'm holding 1 coin but still.learning as I go. 👍
Thanks a lot. What does Bitcoin stand for?
Whoever reading this you will get everything you want in your life and never give up your dreams, you are in this world for a reason!
Good . You didn’t provide an overview of disadvantages of bitcoin.
There are too many downsides to all cryptos. Especially the fact they are all useless for use as a currency. lol
@@jeffwaterstreet1458 There is no disadvantage I could think of and El Salvador is just showing the world it is great as a currency. Any counter arguments?
@@erenylmazer356 There are huge disadvantages to Bitcoin:
1. Too volatile to be used as a currency, economies need a fairly stable currency.
2. Bitcoin is not scalable. Today's miners can barely keep up with the current transaction level, currently a tiny fraction of transactions in fiat, like Visa and Mastercard.
4. Transaction time is horribly long, not usable for most transactions.
5. True transaction costs for bitcoin are several orders of magnitude vs fiat.
6. Miners today are not being fully compensated for the true costs of transactions, because they want the Bitcoin payment. Once this dries up, there is no incentive to continue mining (for transactions), and fees for mining will never be enough compensation to continue wide-scale mining.
7. These cheerleaders talk about inflation being a bad thing. However, Bitcoin adoption would cause deflation, which is worse for growth than inflation.
It is embarrassing to think that anyone would use El Salvador as an example for validating crypto as a currency. FWIW, no 1st world economy would ever adopt a private crypto as a valid currency. Major countries might offer a digital version of their fiat, but never private cryptos like Bitcoin.
@@jeffwaterstreet1458 1) As bitcoin market cap reaches that of the dollar (~100trillion) I can assure you it will be stable or you can just use dollar as the price currency and pay with btc instantly exchanging it.
2) daily transactions in bitcoin happen with the lightning network it takes couple seconds and the transaction fee is less than a penny making it cheaper than visa since credit cards charge around 2 percent to merchants.
3) fees for mining does compensate quite well taht is not a good argument.
4) regarding the seventh point btc actually has some inflation cause of the mining rewards but 100 years later when 21 million btc is reached I dont know how it would impact, it could be a valuable point but the advantages clearly outweigh the disadvantages
@@jeffwaterstreet1458 exactly i keep telling people who keep pushing cryptos as currency, it will never happen, only countries that will take on crypto as payments are the countries where their fiat currency is worthless, plus there is no control over crypto and no country will be willing to take on a currency they have no control over. thats why china is doing away with it and pushing their own digital currency.
1.) If your money in bitcoin is represented by a web address of sorts and you use the money by sending x number of bitcoin to another address or receiving x number from another address, how do you safeguard the legitimate owner of “said web address” from a breach by another in use of those funds. Especially in instances where a product is immediately exchanged for the bitcoin. I mean, even if the system is peer maintained (or whatever was said) who is liable for fraudulent exchanges involving stolen bitcoin?? Rather, can criminal activity such as that be recoverable at any level, and if so, please explain. Basically, how protected and secure is your money when in bitcoin form from criminal attacks, in general (but at the very least, when compared to the securities provided by banking systems such as 10k FDIC guarantees, etc. )? After all, aren’t the owners of bitcoins said to be anonymous?? How do you differentiate the criminal from the victim?
2.) How is it that the value of bitcoin continues to rise such that 10,000 bitcoin was worth no more than the cost of two pizzas a decade ago, but now is valued in the millions? I’m sure this has to do with its widening usage as payment for goods/services, but how is this calculated? I mean, I understand the concept behind one currency ranking in value over others, but only in the sense that it relates to wages being paid to produce these goods and services. Is this even a principle of currency valuation?? Are there additional factors, assuming my wage-reasoning is a valid one? Could it be said, were the future for bitcoin perfect in that it became the universal money of the world, that bitcoin would reach its ceiling investment value at that point? Ya know, where $1 actually equals $1 unlike what it is now) ?? Which leaves the question...what are the projections for investment return in such an optimal environment? Like how futures are forecasted, right? What is bitcoin’s projected return?
3.) All of these copies of bitcoin exchange that carry over with each transaction, branching off into a variance with every “post”decessor copy safeguarding the traceability of untraceable (anonymous) monies and...?? What else? Yes, I heard the reference to the controlling nature of govts manipulating the deflation/inflation of currency and fraudulent financials doing the same, but not all manipulations serve our economy in such disparaging light.
Am I missing something? (Asside from the fraudulent dealings of independent banking institutions) It just seems like bitcoin is reducing government currency to such, that it’s devoid of any positive attributes or at least when compared to bitcoin. Such one-sided sales pitches tend to accompany investments that are doomed in sounding too good to be true (ya know, like how things are incredible, until they’re not!)
What happens when WWIII erupts around the globe? Explain to me why I’d be incorrect were I to liken the stability of a bitcoin economy to that of your ISP and Power company’s ability to carry out their daily business functions on such a wide scale, as necessitated by a virtual economy ..? (and please, let’s not split hairs into dodging my question or the logic behind it, oky doke?!)
That is all, thank you
2. Simple supply and demand, just like the USD. There are about 18 million bitcoin in circulation with a cap of 21 million. There will never be more than 21 million bitcoins. The more people adopt it the more the price for each bitcoin rises, when society fully adopts it the price with become less volatile and level out like a normal world currency. Bitcoin is divisible by 8 decimals after the 0 so you don’t have to have an entire bitcoin.
3. This is not a sales pitch, he doesn’t make any money from you buying or not buying bitcoin, 1 trillion dollars is already in bitcoin so little old you buying some won’t even dent the price. This is just informational. If WWIII happens many people will all still have copies of the ledger and you bitcoin is still cemented in the ledger that it’s yours and when it’s over it will just come back. The recipe for bitcoin is still there (it’s math) so people will just get back on it or relaunch it again as another cryptocurrency (there are actually thousands of other cryptocurrencys that exist now using bitcoins formula)
@@brian9 thanks for sharing more information about this cryptocurrency and addressing some of my questions. I know China is supposed to be releasing a new cryptocurrency soon (or just have).
I’m interested in purchasing some but, I’m thinking with all of the people living in China, I’m thinking that I may jump on their bandwagon.
:) thanks again Brian
Thanks for your comment
You can contact my admin for mentorship
I'm new to investing and would like some expert advice on the best strategies and resources for beginners.
I’ve been looking for a good, simple explanation of Bitcoin to send to my Dad and Father in Law, as a I find it hard to explain. I looked at a few other videos before this one, but this one is the best I have found so far. Thank you for making this video.
Hi
Wells Fargo employees created fake accounts because they had performance pressure to open accounts. The accounts did not reflect extra revenue, they simply reflected more customers.
YEs and No.... the extra accounts helped boost their perceived revenue which increased the stock value. No money needs to come in. All they have to post is how many accounts they are opening and the stock price will surge.
But don’t you have to show actual money IN said accounts?
Even if it’s just $20?
This has been the best explained bitcoin video I’ve seen yet. Thank you. Liked and subscribed.
Despite the economic downturn, l'm having the best time of my life financially. Earning over $120k in the last 2months with an investment of $20,000. Money can be made even in a bear market. Make the most of it.
"Great intro to Bitcoin basics! Highlighting how money shifted from physical value to trust-based systems was spot on. This makes understanding Bitcoin’s decentralized nature way clearer. Keep going!"
This giving me school vibes got me wanting to right down notes to fully understand it
Lol
Lol saaaame
Reminded me of something my teachers would turn into an Ed puzzle lol
Reports are due tomorrow. Make sure to reference your quotes and research. ;)
@@99Bitcoins lol
Bitcoin explained in simple words. Great video. Now I need to get started with Crypto. Wish me luck 💯💯💯
__12816736535__
Enivid Clinton has
@@christophermorgan4159 sorry? What are those digits?
@@enividclinton8634 huh???🤔🤔🤔
@@enividclinton8634 Maybe his code to buy bitcoin from him.
Elon opens his mouth, Bitcoin soars. Elon opens his mouth again, Bitcoin tanks. Meanwhile my five spot I have in my wallet is worth roughly the same amount it was yesterday or a month ago. Maybe $4.99. Crypto still has a long way to go before it becomes the trusted defacto currency.
What about now 😆
@@ChelseaGrin8094 No delta here. It still has a way to go. It's certainly gaining steam (read: momentum in the retail world), but does it have legs to take over the dollar? Dunno.
@Kedonski Another day on the market. Momentum != Long Term boner. I'm happy because I have GBTC. Still not convinced that it has permanent legs. Maybe when all the sheep drive it to $100K and it stays there, I'll change my mind. :)
What about now buddy?
@@ishmamnaveel2198Has it hit 100K yet?
Very good explanation, but I have couple questions …what exactly backs up bitcoin value? And why its price goes up and down at different times?
I guess like myself, you have to view further videos.
What if everyone who has BC wants to turn it into cash on the same day all at the same time?
No one ever does. It can never happen. Has never happened. Sounds like you are meant to be poor. No intelligence.
@@travis8665 Not everyone is as intelligent as you are. Many people are just starting to understand BC like myself. I wasn't meant to be poor at all. Made my money in residential real estate and at 29 years old I acquired over 37 rental properties which my tenants paid for. Just wonder why you are watching TH-cam videos on "What is Bitcoin" if you are so rich and intelligent. I bet you are poor and living in the basement of your parents home with no to low credit score. I'd say your not the brightest bulb in the box are you? You dumb ass!
@@youknowcrimedontpay9257 savage 💯
Very informative! Thank you!
what is Bitcoin ?
Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
@@vivianlongman2774 wow😮
@@haroldbrewer1121 thanks
same like visa mastercard card a digital form of transaction
@@haroldbrewer1121but first you have to buy bitcoin with real money same as debit cards first add money to account than use it
very very excellent video.
Loved it! I watched a lot of explainer videos about Bitcoin and none of them explained it so well. Thanks!
Very nicely explained. I haven’t understood Bitcoin a lot but the evolution of Bitcoin and what it is trying to replace is very well explained.. subscribed!!
Thanks for watching!
Do you know that you can earn more than $10,500 weekly and more than $25,000 monthly in trading bitcoins with a suitable and well guaranteed platform broker without doing anything stressful?
After watching this, I became a Phd holder in economics!
This video creates more questions than it answers.
thats the beauty of bitcoin, its an endless rabbit hole of knowledge and truth
Well, It was a piece of enormous information I have ever seen! Thanks buddy! What fascinating me here is that what would be the value of a bitcoin in the future when there’ll be no more fiat currency anymore? Apologies if this is a dumb annoying question but I just can’t seem to find an answer. Thanks!
The idea is to replace fiat currency. Meaning instead of paying with dollars, we will pay with bitcoins (or any other coin for that matter). The one more advantage of Bitcoin , though as the oldest , most recognizable and valued token, is that it has limited supply that can never change. It was designed to have only 21 mil bitcoins ever. This means the prices of goods and services will only decrease over time with increase of value created in the world (in form of goods and services). There will be no inflation. Image to have only 21 million dollars in circulations..
Holy crap, that was incredibly informational.
It's true
Rudy, I didn't get it but I would appreciate a short explanation about WHY anyone would invest in Bitcoin. I understand the forces that move currencies, but what moves Bitcoin up or down and how are these forces measured and managed?
@@Mrskateboardboy Price goes up when buying pressure lncreases, and goes down when selling pressure increases
@@andersonemily7800 And your point would be what? What drives bitcoin? We all understand why the price of beef, for example, goes up or down, but what DRIVES bitcoin? We have some way of understanding the forces that drive the major currencies, but bitcoin? Can anyone promote a new currency that has no base at all?
Am I the only one who doesn’t understand bitcoin? Watching a documentary about it now and they might as well be talking Chinese! Too much of a risk I’d guess!??
Kiefer Humph .. Hello friend.. I’m an expert in this. Would you like some help ? Inbox me
i cant figure this out either. my young brother and his friends are all huge into bitcoin, and my old school 30 year old ass is just trying to understand this shit!
You’re not alone buddy 😂
H Kc I’m 43 so I’m even worse 😆
Hahaha Yes, I know how you feel, try this have you heard about the whole world going cashless? Yes/ No If the answer was YES, using bitcoin is like that but no banks. If the answer was NO, then think of it like there is no cash and only cards, with no banks. I can just open my bitcoin wallet/account enter the amount and address of your bitcoin wallet/account press send and it will automatically find your wallet/account and put it in THE END.
Can u explain I own the cryptocurrency bank and hold the sotoshi nakamoto encryption key and wallet
Thank you. I’m taking your course to understand Bitcoin. It’s informative and useful. I’m 74. You’re doing the public a great service. It’s important you know that. While many people may not express it. They’re grateful. God bless.
You should sell your house and invest the entire proceeds in bitcoin. What could go wrong?
Me too