What is Bitcoin? Bitcoin Explained Simply
Ғылым және технология
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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Learn ANYTHING about Bitcoin and cryptocurrencies on our KZread channel:
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See anything we haven't covered? Leave us a comment in the comment section below
Пікірлер: 8 500
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
Жыл бұрын
But I thought bitcoin doesn't have problems with fraud the way fiat does?
@99Bitcoins
Жыл бұрын
@@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.
@maxazzarello8695
Жыл бұрын
@@99Bitcoins Thanks for the reply! Would you consider Tether to be a reputable part of the crypto ecosystem?
@99Bitcoins
Жыл бұрын
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.
@vickycompton9578
10 ай бұрын
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
@jeffgordon8606
3 жыл бұрын
Lmao
@dunkinkookies453
3 жыл бұрын
Same
@chaseosborn9747
3 жыл бұрын
@@declanbaxter5828 That's a scammer. Click their page.
@tiwacoco72
3 жыл бұрын
Same here😒😒I still don't get it
@richiepaul08
3 жыл бұрын
HHahaha this made my day
Finished watching the video and I only have one question…what is Bitcoin?
@ifyonuoha2269
2 жыл бұрын
Is just like money with wings
@aianna3814
2 жыл бұрын
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...😂
@eggrollsoup
2 жыл бұрын
@@aianna3814 you’re joking thankfully
@thelionofjudah.8646
2 жыл бұрын
🤣🤣
@grunthostheflatulent5914
2 жыл бұрын
A scam for dumb as rocks, smarty pants millennials...
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.
@jamesmark8608
Жыл бұрын
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
@mikerogers7402
Жыл бұрын
Bitcoin is the future, investing in it will be the wisest thing to do especially with the current status
@sharonrobinson2795
Жыл бұрын
You are right but the market is profitable if you are using a really good platform to help out with trades
@worfganbitterlich3825
Жыл бұрын
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
@mostafaeldin9379
Жыл бұрын
@@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.
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.
Maybe I should watch this again when I'm not drinkin'.
@Z_imi
2 жыл бұрын
Lol
@cardtrix1970
2 жыл бұрын
All Crypto is a farce; don't mattering your sober or drunk
@guduboy6108
2 жыл бұрын
😂😂😂😂😂😂😂😂😂😆😆😆😆😆😆😭😭😭
@cardtrix1970
2 жыл бұрын
@@guduboy6108 Scam!
@angelocerrone3070
2 жыл бұрын
Won’t make any difference.
I believe Qardcoin token will go 100x after launch on Binance
@miracle8494
Жыл бұрын
únete y agradéceme más tarde únete y agradéceme más tarde
@stacybernstein9577
Жыл бұрын
How long have you been in the crypto space?
@omdiq-namarlyi585
12 күн бұрын
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.
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
@jackyweluzani2060
3 жыл бұрын
Amen
@davidd2661
3 жыл бұрын
Brahamen
@noelaevody7802
3 жыл бұрын
Amen and you too
@rogerbec5766
3 жыл бұрын
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.
@The160879
3 жыл бұрын
Class Act Top Man
So many people have youtube title to explain, what is bitcoin? But only you explained well. Thanks alot man. Keep up your good work
@oliviadaniel1607
4 жыл бұрын
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
@robertball6301
3 жыл бұрын
@@oliviadaniel1607 I see the great potential in bitcoin, example you are in an airport and security guards cannot attempt to steal your money.
@chrisvardy5768
3 жыл бұрын
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
@aloyagangi1540
2 жыл бұрын
Despite the economic crisis and the coin dip,this is still a good time to invest in Bitcoin trade
@lawansani2722
2 жыл бұрын
It's possible to produce superior performance provided you do something different from the majority
@graemecastles5306
2 жыл бұрын
That's an awesome idea,a good trading system would you through many day's of success
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
@omdiq-namarlyi585
12 күн бұрын
The great work
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*
@chroniclemartin4691
2 жыл бұрын
Hi paradise yuille how are you doing
@johnking6624
Жыл бұрын
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.
@BernieDoran-cl2gk
7 ай бұрын
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.
@colinwhite5355
2 жыл бұрын
And I can safely say that I, too, am not so much as a single percentage point wiser.
@0726936620
2 жыл бұрын
I'm relieved I'm not the only dumb ones🤣
@iainallan573
2 жыл бұрын
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
2 жыл бұрын
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
@iainallan573
2 жыл бұрын
@@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..
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. ..
@JaniceTAshton
20 күн бұрын
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.
@JaniceTAshton
20 күн бұрын
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy
@Robertj.thompson
20 күн бұрын
How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
@GiovanniM309
20 күн бұрын
Thanks to Patricia V Vesely.
@GiovanniM309
20 күн бұрын
She's a licensed broker here in the states
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 ⚡💪
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.
@bronagh1579
3 жыл бұрын
Thankyou so much! 😅
@poche2521
3 жыл бұрын
👏 amazing
@mos.83
3 жыл бұрын
Thank you 😊
“Bitcoin price keeps increasing exponentially” Me: *buys bitcoin* Bitcoin: well now I’m not doing it
@adebayosamuel3149
2 жыл бұрын
Yes
@Novemberscorpio1119
2 жыл бұрын
Right that’s how I feel about it
@btsoc1397
2 жыл бұрын
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
@matthewburgess5034
2 жыл бұрын
Try converting it back to cash. Reports I’ve heard is that you can’t
@XaYaZaZa
2 жыл бұрын
@@matthewburgess5034 😂 idiot
agree bitcoin will ascend to the capital throne no matter what happens to the economy!
@viviangall1786
2 жыл бұрын
Exactly, that expression "buy back your time" well thats what investing allows you to do.
@chris-pj7rk
2 жыл бұрын
Still super skeptical about this whole Bitcoin thing
@viviangall1786
2 жыл бұрын
@@chris-pj7rk Cryptocurrencies are the future of finance. The world is evolving, follow it or be left behind!
@chrismillson2779
2 жыл бұрын
@@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.
@danielroman1899
Ай бұрын
When the internet goes down, so does all crypto..
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
@99Bitcoins
7 ай бұрын
Wow, thank you!
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! :)
@Brutal858SD
3 жыл бұрын
can you help me out? So for example if i were to buy $1000 worth of bitcoin and for example lets if it were at 30k and then bitcoin went up to 31k. How much would I of made in us dollars you think?
@SpeakTagalogWithJC
3 жыл бұрын
@@Brutal858SD if I’m not mistaken, you’re bitcoin would have become 1033.33 usd worth by then, so you’d have already made 33.33
@rrestoring_faith
2 жыл бұрын
@@Brutal858SD You would make 1/30th profit. You are already exchanging its value to say it is 30k up to 31k. I would be cautious of buying it with real money as it is very volatile right now. Also be aware of scams, be sure you know the service you are using is safe. -- OOPz late reply. Thought I was on most recent comments :$
@NazriB
2 жыл бұрын
Lies again? Bet Clic
@johnnyfrank2328
2 жыл бұрын
@@NazriB I think you don't know about btc investment
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.
@paulstreet7823
Жыл бұрын
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
@abenatakyiwaa8063
Жыл бұрын
Same
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.
@99Bitcoins
7 ай бұрын
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.
@BernieDoran-cl2gk
7 ай бұрын
Yeah sure, it definitely needs to be addressed
Great simple explanation. Great job
Loved it! I watched a lot of explainer videos about Bitcoin and none of them explained it so well. Thanks!
You must be an economics teacher because that’s the most simplest explanation I ever heard
@TheMoon-jf2ux
3 жыл бұрын
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.
@benjamincowen9082
3 жыл бұрын
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.
@jamietree4128
3 жыл бұрын
I'd like to know what kind of investments you make and how you go about them if you don't mind.
@tradernick312
3 жыл бұрын
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.
@mcash7191
3 жыл бұрын
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.
I really love the way the explanation was made.
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.
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.
@royfearn4345
2 жыл бұрын
Yes, it's all just TOO anonymous.
@XaYaZaZa
2 жыл бұрын
@@royfearn4345 ok control freak. You deserve to lose all your value by supporting the gov money.
@XaYaZaZa
2 жыл бұрын
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
@daughterbeloved9901
2 жыл бұрын
3-WHAT exactly backs it up? (like paper bills are backed by govt.)
@kleinhandsome4928
2 жыл бұрын
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
Mind blowing in 2021! Why didn’t i see this in 2018 :((((
@JR-jj2dh
2 жыл бұрын
Peoples will be saying the same about now in 1,2,5,10 years time 💡
@Adityasomani555
2 жыл бұрын
Mind blowing in 2025! Why didn’t I see this in 2021? :(
Such a brilliant explanation. So clear. So simple. Yet profound. Thank you so much for taking time and explaining.
@Grisbi6
2 жыл бұрын
You're kidding, of course.
@jacksprat3009
2 жыл бұрын
Understandable? So isn't bull sh*t which this is.
@believeinjesus6972
2 жыл бұрын
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
@ananthnaren9183
2 жыл бұрын
Yes i agree with this video
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.
@Shofar_chinwor
Жыл бұрын
Hello dear ❤️
Great explanation. Looking forward to all your other ones. I'm holding 1 coin but still.learning as I go. 👍
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.
@paulwallace4408
Ай бұрын
I can enlighten you on how it works
Awesome. Just finished listening and taking notes. Thank you Nate!
@99Bitcoins
11 ай бұрын
You are welcome Danelsia
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.
U got urself a new subscriber 🔥
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?
@TatianaLondono-hv5kr
24 күн бұрын
I will enlighten you on how to trade and earn while trading Inbox me to learn
So well written and presented! 👍🏻
@99Bitcoins
8 ай бұрын
Thank you kindly!
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.
@danielriley9231
3 жыл бұрын
lol. Try watching again
@Octopussyist
3 жыл бұрын
@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.
@shakerleveledup7345
3 жыл бұрын
I feel the exact same.
@abdulrashed9119
3 жыл бұрын
@@Octopussyist right!
@danteeep
3 жыл бұрын
its an alternative to money with lower costs
Hi, thanks for your video. I'm wondering how relevant this information is? Thanks
Thanks for the info. Am thinking abt purchasing some but am alittle curious to kn first
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.
@jackylineespayos6214
2 жыл бұрын
Ah i understand now.thank you
@beatricemusolo8869
2 жыл бұрын
So it's like I can use bitcoin to buy whatever I want like from other countries
@mariemyers4943
9 ай бұрын
You can use it worldwide
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.
@tasha911
Жыл бұрын
Hi
Excellent explanation i learnt a lot even about the importance of decentralisation
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! 💰🚀
@99Bitcoins
7 ай бұрын
My pleasure!
@Wesleysubul
4 ай бұрын
Very interested
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!!
@99Bitcoins
Жыл бұрын
Thanks for watching!
@Lisa.Daviddhhd
10 ай бұрын
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?
Thanks for taking time to explain but I still don’t understand. You have a new subscriber 🙌🏾.
@99Bitcoins
3 жыл бұрын
Thanks for joining us! Your comments and questions help us continue to provide helpful info about cryptocurrencies.
@gypsygirl9
3 жыл бұрын
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.
@raphael4875
3 жыл бұрын
@@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?
@katemagdalena9657
2 жыл бұрын
@@gypsygirl9 if you don’t understand you can inquire more from professional like myself
Wow i have not heard Bitcoin as well explained as this. Thank you for making this available to us.
@99Bitcoins
9 ай бұрын
You're very welcome! I'm glad to hear that you found our explanation of Bitcoin helpful.
love your videos. u explained it clearly and understandable
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!
@JohnDavid-nu8nb
2 жыл бұрын
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.
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.
@whatsapme1451
Жыл бұрын
LET'S TALK 👆👆💬 Comment appreciated we can communicate through the above contact please$$,
@hopeedge219
Жыл бұрын
Since I have invested 200.00 in bit coin does that mean I own some Bitcoin?
Fantastic explonation,thank you for educating me
Thank you very much sir..........i understand a little more than before.........
Love your simplified , explanation of crypto , bravo
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.
this video is very interesting, i like how you levelset by talking about gold vs money vs bitcoin and how things have evolved, this was very useful. The only question i have at this point is why do we need different types of crypto currencies, why not just bitcoin, why do we need ethereum.
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.
@jessicageorgia578
Жыл бұрын
The rich spend money to save time while the poor Save money to spend
yaaaay finally, the content that i was looking for
wow, I feel so enlightened by this .Thanks for sharing your wisdom and making it easy for my understanding.
@Ana-jj4lw
Жыл бұрын
You are welcome
thank you very much. IN BITCOIN WE TRUST.
Very helpful. Just subscribed to know more about Bitcoin. Thankyou!
*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 👍🏻*
@skullyjack7678
2 жыл бұрын
Now I'm really confused I thought our climax was when a woman had an orgasm
@lastmanstanding8992
2 жыл бұрын
@@skullyjack7678 Are you saying climax is an adjective reserved for sexual activity 🙄
@skullyjack7678
2 жыл бұрын
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
@skullyjack7678
2 жыл бұрын
But I never said reserved for sexuality I use it in reference to sexuality but good try
Very informative! Thank you!
Absolutely brilliant explanation, pleasant to listen to and very informative. Well done, keep the good work up.
@99Bitcoins
9 ай бұрын
Thank you so much for your kind words!
@user-hv3px4fe7h
6 ай бұрын
Ooops
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.
@SenhorAlien
2 жыл бұрын
That is also true for the banking system though. In the case of "digital is blown up", everyone will suffer.
@alexroman3682
2 жыл бұрын
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
@power_of_many
2 жыл бұрын
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
@alexroman3682
2 жыл бұрын
@@power_of_many to create a back up for everything and anything it’s the best investment
@GudMarty
2 жыл бұрын
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
Pretty good video, think it's helpful to expand on the first point, money is value. Money is perceived and agreed upon measure of value.
Outstanding... Thanks.
But how do you send the money as a payment?
Thanks for all. I USE Your videos to learn English and how bitcoin work.
This has been the best explained bitcoin video I’ve seen yet. Thank you. Liked and subscribed.
@Shannon_2233
Жыл бұрын
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.
First time watch, I loved it. You explained terminology and used real world examples to explain their relevance. Great job, ill,be subscribing
@katherinecarter7868
2 жыл бұрын
@Marcus Geiger I have earn great profit while trading with this information and also backed my it up, Subscribe for morn info
Thanks for sharing the knowledge
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?
One of the best explanations I have seen on bitcoin. No other KZread video has come close!
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.
@douglasjefferson8533
3 жыл бұрын
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.
this may be a dumb question but I am just wondering if coin mining became unprofitable, who will keep up/update with the ledger?
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!
@99Bitcoins
2 ай бұрын
Welcome aboard!
I have watched a lot of explanatory videos on crypto, this is the most informative. Well done and thank you!
@royfearn4345
2 жыл бұрын
And STILL I don't get it. We should have stayed with the gold standard. Or gone back to bartering?
@kleinhandsome4928
2 жыл бұрын
@@royfearn4345 😂 nah
@amartyaasengupta8187
2 жыл бұрын
@@royfearn4345 that’s …a lot time consuming and stupid .And gold i’d decreasing day by day so ya there u go
@amartyaasengupta8187
2 жыл бұрын
@@royfearn4345 and if palace currency has worked so will btc imo
I left this video with soooo many more questions than when I started it.
@flexx1313
4 жыл бұрын
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.
@FoolishFlock
4 жыл бұрын
Hahaha!!! Lolz!!! i Know Rightz!!...
@ninalopezhurt8390
3 жыл бұрын
Same
@jeffreystcharles96
3 жыл бұрын
Good. Keep learning! 😃
@michaelashidi2018
3 жыл бұрын
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.
Been trading crypto since 3 years ago, now I really understand what Bitcoin is and how it works... Very insightful.. thx
This video is really great and I understand it well. I will look forward for more videos from you and will decide when I'm ready for this. Thanks! again
This was EXTREMELY helpful. Thanks 👍
Thank u for this video ! I’ve been confused lol
Wow, this video really put things into perspective for me and really enlightened me on a quite a few things. Thank you for sharing this.
@believeinjesus6972
2 жыл бұрын
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
Best explanation ever
Very comprehensive and easy to follow explanation of Bitcoin and money in general. Thank you.
@Lisa.Daviddhhd
10 ай бұрын
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?
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
@GarryStevemiller-be2fx
4 ай бұрын
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.
very excellent explanation even someone who's hasn't had about bitcoin he will catch up.
Thank you for this simply put presentation
@99Bitcoins
4 ай бұрын
You're very welcome!
Thanks for the explanatio, it really helped me undestand the change of backing up money with gold reserves to fiat money. It was nice and easily explained. I cannot wait to learn more about the mining of the currency. Have a good day.
@inspireus6033
2 жыл бұрын
Hello I’m sorry if im bothering you, I just thought I would share my way of making money online with you. How are you.? Are you interested in making some extra cash for you and your family.?
@donaldrubert5225
Жыл бұрын
The best
The easiest to take down the system (9:15) Is using intermittent BGP hijacks. This partitions the network and tricks the network partitions to fight each other. A BGP hijack is very cheap, but fortunately only governments can carry out such attacks successfully by simply ordering tier 1 ISPs to carry out BGP hijacks.
Thank bro its very useful I learned something here
I understood everything he said this was so easy to understand thanks so much for the information!
thanks so much if anyone didn't understand please listen again and again this is well explained...
@chukwunochiejohn8376
5 ай бұрын
Pls my friend am new beginner, I want u to guard me on it pls
Clear and a very easy way of explaination..good job..
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.
Love the technical analysis! Might be time to pull the trigger on some 99 Bitcoins 🚀📈
One big question you failed to address...what are the disadvantages or risks of bitcoin?
@dannyjones3689
2 жыл бұрын
thats what everyone who pushes crypto does, they dont tell you everything, they just want to push it.
@dannyjones3689
2 жыл бұрын
@@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.
Explained very well! Still hard to understand, but one of the best videos on the topic.
@marias7614
3 жыл бұрын
Do you invest in Bitcoin?
@joeljenny4832
Жыл бұрын
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?
@investmenttrade748
Жыл бұрын
Yes
@johnparris2353
Жыл бұрын
U can talk all day only u can work it out leave things as they r