What is Bitcoin? Bitcoin Explained Simply
Вставка
- Опубліковано 9 тра 2024
- Start trading Bitcoin and cryptocurrency here: bit.ly/2NHXIs3
Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see.
Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method.
That's Bitcoin in a nutshell. For the complete simple explanation watch this video, here's what I'll cover:
0:50 - What is money?
3:10 - Fiat money
3:43 - Fiat money drawbacks
4:25 - Digital money
5:34 - Centralized money issues
7:21 - Enter Bitcoin
7:44 - Bitcoin is transparent
9:13 - Bitcoin is decentralized
9:35 - Bitcoin is digital
9:56 - Why is Bitcoin such big news?
11:45 - Who accepts Bitcoin?
12:05 - Conclusion
For the complete text guide visit:
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Join our 7-day Bitcoin crash course absolutely free:
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Learn ANYTHING about Bitcoin and cryptocurrencies on our UA-cam channel:
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See anything we haven't covered? Leave us a comment in the comment section below - Наука та технологія
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
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
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
..
Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Patricia V Vesely.
She's a licensed broker here in the states
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.
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.
0:55-What is money?
1:08-How money was used in the past?
1:48-How paper money was invented?
3:43-Drawbacks of paper money?
4:27-How digital money came into existence?
4:50-The problem with digital money
7:22-Why bitcoin is used?
10:02-Advantages of bitcoin.
Thankyou so much! 😅
👏 amazing
Thank you 😊
I believe Qardcoin token will go 100x after launch on Binance
únete y agradéceme más tarde
únete y agradéceme más tarde
How long have you been in the crypto space?
this btc it melt face in the New york crpyto
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.
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
@@jamesmark8608 I recently heared about the NFT thing but still don't understand how these benefits people or how the NFT buyer's uses such digital arts.
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
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..
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 ⚡💪
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..
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...
So many people have youtube title to explain, what is bitcoin? But only you explained well. Thanks alot man.
Keep up your good work
Cyptocurrency is the future money. Follow mr flanmustelafu for tips on how to trade
Cyptocurrency, also if you wanna trade with me. here he's is email flanmustelafu@gmail. com
@@oliviadaniel1607 I see the great potential in bitcoin, example you are in an airport and security guards cannot attempt to steal your money.
Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.”
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
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? :(
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
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
I really love the way the explanation was made.
“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
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
Been trading crypto since 3 years ago, now I really understand what Bitcoin is and how it works... Very insightful.. thx
Thank you for a clear, concise, and understandable video. You should be teaching a basic economics course! I think a lot of people would benefit from hearing your wondeful explanation of inflation
Wow, thank you!
Loved it! I watched a lot of explainer videos about Bitcoin and none of them explained it so well. Thanks!
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
Such a brilliant explanation. So clear. So simple. Yet profound. Thank you so much for taking time and explaining.
You're kidding, of course.
Understandable? So isn't bull sh*t which this is.
Repent to Jesus Christ
“In peace I will lie down and sleep, for you alone, Lord, make me dwell in safety.”
Psalms 4:8 NIV
Yes i agree with this video
thank you very much. IN BITCOIN WE TRUST.
Lesson 1 is good... will watch the others as well. You explained the basics of "money" very well and in a simple, understandable format. Thank you.
Hello dear ❤️
Fantastic work, Nate! This has been shedding light since I have a lot of questions about Bitcoin. I am 2 videos in but I love how you make the terms easier to digest to the average user.
Liked and subscribed.
LET'S TALK 👆👆💬 Comment appreciated we can communicate through the above contact please$$,
Since I have invested 200.00 in bit coin does that mean I own some Bitcoin?
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!
U got urself a new subscriber 🔥
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.
Great simple explanation. Great job
Awesome. Just finished listening and taking notes. Thank you Nate!
You are welcome Danelsia
Great explanation. Looking forward to all your other ones. I'm holding 1 coin but still.learning as I go. 👍
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
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
Can a property in Spain be sold by Bitcoin only including all payments to Estate agents solicitor and the rest of them? Liked the videos content information.. Want to learn more about it.
This guy could explain to me the ratio of leprechauns to unicorns and I would believe him.
"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
this may be a dumb question but I am just wondering
if coin mining became unprofitable, who will keep up/update with the ledger?
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?
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
Wow i have not heard Bitcoin as well explained as this. Thank you for making this available to us.
You're very welcome! I'm glad to hear that you found our explanation of Bitcoin helpful.
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
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’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
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.
I had a question, in digital money as described in 4.44 does physical settlement happen?
Great video! I've always wanted to understand this topic and I'm pretty sure that I've found the right place to finally do just that. Thank you.
First time watch, I loved it. You explained terminology and used real world examples to explain their relevance. Great job, ill,be subscribing
@Marcus Geiger I have earn great profit while trading with this information and also backed my it up,
Subscribe for morn info
There is a factor that can effect the use of bitcoin... if my power goes out, or if the internet goes out, I can no longer make transactions. So, if bitcoin were to become the new way to buy everything, those issues would need to be addressed.
Hi @Mekaneckpain,
You bring up a valid scenario. Cold hard cash will always have a place in our lives. In such an event of power getting knocked off the grid, banks too would be affected, right?
Unless they have backup generators. Coin miners also tend to have backup generators to ensure they keep running even when power is cut off from the grid.
Yeah sure, it definitely needs to be addressed
But how do you send the money as a payment?
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.
Hi, thanks for your video. I'm wondering how relevant this information is? Thanks
Absolutely brilliant explanation, pleasant to listen to and very informative. Well done, keep the good work up.
Thank you so much for your kind words!
Ooops
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 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
Y'know, I never quite realized how confusing the concept of money alone is until I watched this. Really it takes getting your head around that to understand how bitcoin works.
Ohh, and thank you for the video, good explanations.
Excellent!! Thank you so much. Question: what is Bitcoin backed by? Is it similar to fiat in that it is backed by trust in the system?
Very helpful. Just subscribed to know more about Bitcoin. Thankyou!
Thank u for this video ! I’ve been confused lol
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.
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022
Thanks for the info. Am thinking abt purchasing some but am alittle curious to kn first
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
Love your simplified , explanation of crypto , bravo
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
So well written and presented! 👍🏻
Thank you kindly!
wow, I feel so enlightened by this .Thanks for sharing your wisdom and making it easy for my understanding.
You are welcome
"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
Very very we’ll explained indeed. Could you help me understand why is Bitcoin or any other crypto currency pegged against the US Dollar or against paper money which is centralised
love your videos. u explained it clearly and understandable
Very informative! Thank you!
yaaaay finally, the content that i was looking for
this guys voice is great
Can u explain I own the cryptocurrency bank and hold the sotoshi nakamoto encryption key and wallet
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
Thank you, it's so nice to understand bitcoin in a simple manner, may I know is this safe because you told that anyone can access or see our ledger, is this safe?
Because everyone has access and is maintaining a full copy of the same ledger, you can be sure it hasn't been altered. This is just one of the features that make bitcoin safe and secure.
@@plasticman2011 tq for the reply
Me: so how do I acquire Bitcoin?
Them: by paying cash
Me: confused Pikachu face
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
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.
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
Nate, very helpful, thank you very much. Subscribed!
Awesome, thank you for your support!
@@99Bitcoins Nate, the next video goes much faster and assumes words/phrases known like, " the lightning method" are known and they are not. Did you know that to get a written transcript there is a link below in that video that takes you to a paid UA-cam subscription... while i think you should be paid giving us ways to understand you is part of that service to the world it seems that you are doing. oh but there is more and it is worse than that, there is a link for the "free video "transcr[pt" that then asks for your email address. Now, as I believe your teaching has value and you deserve to be paid for it, you might want to look at the guy who is piggybacking off you..
Please share the link to that video via DM here -> web.facebook.com/99bitcoins/
Thank you )
Beautifully explained! Clear. Concise. I slammed the 'subscribe' button with deep apprecition in my heart. Thank you Bro!
This was EXTREMELY helpful. Thanks 👍
*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
Is this vid/course applicable also to other cryptocurrency not just bitcoin? Thank you!
Excellent explanation i learnt a lot even about the importance of decentralisation
Hi. Thanks for the video and valuable info.
I have a question though; if blockchain is "decentralize" how come there are servers to which you get to connect to, I mean, if I'm correct, there servers addresses to which one gets connected, what if the server owner decides to suddenly pull the plug, this way, would everybody get disconnected and thus loose their cryptoes?
Please explain...
Thanks
One of the best explanations I have seen on bitcoin. No other UA-cam video has come close!
Correct me if I'm wrong but I imagine why they're going after Binance and Coinbase is because they're basically becoming banks in of themselves. Crypto is supposed to be decentralized, but these institutions are centralizing it and are by default becoming like crypto banks.
I can enlighten you on how it works
Fantastic explonation,thank you for educating me
Very comprehensive and easy to follow explanation of Bitcoin and money in general. Thank you.
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?
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.
Thank you very much sir..........i understand a little more than before.........
Very informative video what happens if the entire communication sys shuts down for some reason ?
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
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