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:
bit.ly/2C2zT6e
Join our 7-day Bitcoin crash course absolutely free:
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Learn ANYTHING about Bitcoin and cryptocurrencies on our KZread channel:
bit.ly/2BVbxeF
See anything we haven't covered? Leave us a comment in the comment section below

Пікірлер: 8 500

  • @99Bitcoins
    @99Bitcoins Жыл бұрын

    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

    @maxazzarello8695

    Жыл бұрын

    But I thought bitcoin doesn't have problems with fraud the way fiat does?

  • @99Bitcoins

    @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

    @maxazzarello8695

    Жыл бұрын

    @@99Bitcoins Thanks for the reply! Would you consider Tether to be a reputable part of the crypto ecosystem?

  • @99Bitcoins

    @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

    @vickycompton9578

    10 ай бұрын

    Same here

  • @djunyeyes1
    @djunyeyes13 жыл бұрын

    Me before the video: yeahhh i will finally have an idea about bitcoin Me after the video: danm i still dont get it

  • @jeffgordon8606

    @jeffgordon8606

    3 жыл бұрын

    Lmao

  • @dunkinkookies453

    @dunkinkookies453

    3 жыл бұрын

    Same

  • @chaseosborn9747

    @chaseosborn9747

    3 жыл бұрын

    @@declanbaxter5828 That's a scammer. Click their page.

  • @tiwacoco72

    @tiwacoco72

    3 жыл бұрын

    Same here😒😒I still don't get it

  • @richiepaul08

    @richiepaul08

    3 жыл бұрын

    HHahaha this made my day

  • @tigerbalm20000
    @tigerbalm200002 жыл бұрын

    Finished watching the video and I only have one question…what is Bitcoin?

  • @ifyonuoha2269

    @ifyonuoha2269

    2 жыл бұрын

    Is just like money with wings

  • @aianna3814

    @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

    @eggrollsoup

    2 жыл бұрын

    @@aianna3814 you’re joking thankfully

  • @thelionofjudah.8646

    @thelionofjudah.8646

    2 жыл бұрын

    🤣🤣

  • @grunthostheflatulent5914

    @grunthostheflatulent5914

    2 жыл бұрын

    A scam for dumb as rocks, smarty pants millennials...

  • @carolyngarcia1385
    @carolyngarcia1385 Жыл бұрын

    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

    @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

    @mikerogers7402

    Жыл бұрын

    Bitcoin is the future, investing in it will be the wisest thing to do especially with the current status

  • @sharonrobinson2795

    @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

    @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

    @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.

  • @northshorehighlanders6167
    @northshorehighlanders61674 ай бұрын

    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.

  • @0017Bulldog
    @0017Bulldog2 жыл бұрын

    Maybe I should watch this again when I'm not drinkin'.

  • @Z_imi

    @Z_imi

    2 жыл бұрын

    Lol

  • @cardtrix1970

    @cardtrix1970

    2 жыл бұрын

    All Crypto is a farce; don't mattering your sober or drunk

  • @guduboy6108

    @guduboy6108

    2 жыл бұрын

    😂😂😂😂😂😂😂😂😂😆😆😆😆😆😆😭😭😭

  • @cardtrix1970

    @cardtrix1970

    2 жыл бұрын

    @@guduboy6108 Scam!

  • @angelocerrone3070

    @angelocerrone3070

    2 жыл бұрын

    Won’t make any difference.

  • @luciann34
    @luciann342 жыл бұрын

    I believe Qardcoin token will go 100x after launch on Binance

  • @miracle8494

    @miracle8494

    Жыл бұрын

    únete y agradéceme más tarde únete y agradéceme más tarde

  • @stacybernstein9577

    @stacybernstein9577

    Жыл бұрын

    How long have you been in the crypto space?

  • @omdiq-namarlyi585

    @omdiq-namarlyi585

    12 күн бұрын

    this btc it melt face in the New york crpyto

  • @mikeash7193
    @mikeash7193 Жыл бұрын

    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.

  • @kentonnash4042
    @kentonnash40423 жыл бұрын

    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

    @jackyweluzani2060

    3 жыл бұрын

    Amen

  • @davidd2661

    @davidd2661

    3 жыл бұрын

    Brahamen

  • @noelaevody7802

    @noelaevody7802

    3 жыл бұрын

    Amen and you too

  • @rogerbec5766

    @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

    @The160879

    3 жыл бұрын

    Class Act Top Man

  • @sastindxa7
    @sastindxa74 жыл бұрын

    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

    @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

    @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

    @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.”

  • @johnedwin8053
    @johnedwin80532 жыл бұрын

    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

    @aloyagangi1540

    2 жыл бұрын

    Despite the economic crisis and the coin dip,this is still a good time to invest in Bitcoin trade

  • @lawansani2722

    @lawansani2722

    2 жыл бұрын

    It's possible to produce superior performance provided you do something different from the majority

  • @graemecastles5306

    @graemecastles5306

    2 жыл бұрын

    That's an awesome idea,a good trading system would you through many day's of success

  • @kenrick5095
    @kenrick50952 жыл бұрын

    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

    @omdiq-namarlyi585

    12 күн бұрын

    The great work

  • @paradiselivinginpurpose
    @paradiselivinginpurpose3 жыл бұрын

    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

    @chroniclemartin4691

    2 жыл бұрын

    Hi paradise yuille how are you doing

  • @johnking6624

    @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

    @BernieDoran-cl2gk

    7 ай бұрын

    Good you understood better

  • @PelikeMaia
    @PelikeMaia2 жыл бұрын

    At the end of this video, i can safely say....im still in the 99% of the population..who are clueless.

  • @colinwhite5355

    @colinwhite5355

    2 жыл бұрын

    And I can safely say that I, too, am not so much as a single percentage point wiser.

  • @0726936620

    @0726936620

    2 жыл бұрын

    I'm relieved I'm not the only dumb ones🤣

  • @iainallan573

    @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

    @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

    @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..

  • @GiovanniM309
    @GiovanniM30920 күн бұрын

    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

    @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

    @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

    @Robertj.thompson

    20 күн бұрын

    How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?

  • @GiovanniM309

    @GiovanniM309

    20 күн бұрын

    Thanks to Patricia V Vesely.

  • @GiovanniM309

    @GiovanniM309

    20 күн бұрын

    She's a licensed broker here in the states

  • @jonathanf.saldivar6216
    @jonathanf.saldivar62162 жыл бұрын

    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 ⚡💪

  • @saikiranpandilla6329
    @saikiranpandilla63293 жыл бұрын

    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

    @bronagh1579

    3 жыл бұрын

    Thankyou so much! 😅

  • @poche2521

    @poche2521

    3 жыл бұрын

    👏 amazing

  • @mos.83

    @mos.83

    3 жыл бұрын

    Thank you 😊

  • @khloe-3078
    @khloe-30782 жыл бұрын

    “Bitcoin price keeps increasing exponentially” Me: *buys bitcoin* Bitcoin: well now I’m not doing it

  • @adebayosamuel3149

    @adebayosamuel3149

    2 жыл бұрын

    Yes

  • @Novemberscorpio1119

    @Novemberscorpio1119

    2 жыл бұрын

    Right that’s how I feel about it

  • @btsoc1397

    @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

    @matthewburgess5034

    2 жыл бұрын

    Try converting it back to cash. Reports I’ve heard is that you can’t

  • @XaYaZaZa

    @XaYaZaZa

    2 жыл бұрын

    @@matthewburgess5034 😂 idiot

  • @bobbygunz9254
    @bobbygunz92542 жыл бұрын

    agree bitcoin will ascend to the capital throne no matter what happens to the economy!

  • @viviangall1786

    @viviangall1786

    2 жыл бұрын

    Exactly, that expression "buy back your time" well thats what investing allows you to do.

  • @chris-pj7rk

    @chris-pj7rk

    2 жыл бұрын

    Still super skeptical about this whole Bitcoin thing

  • @viviangall1786

    @viviangall1786

    2 жыл бұрын

    @@chris-pj7rk Cryptocurrencies are the future of finance. The world is evolving, follow it or be left behind!

  • @chrismillson2779

    @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

    @danielroman1899

    Ай бұрын

    When the internet goes down, so does all crypto..

  • @amg557
    @amg5577 ай бұрын

    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

    @99Bitcoins

    7 ай бұрын

    Wow, thank you!

  • @SpeakTagalogWithJC
    @SpeakTagalogWithJC3 жыл бұрын

    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

    @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

    @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

    @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

    @NazriB

    2 жыл бұрын

    Lies again? Bet Clic

  • @johnnyfrank2328

    @johnnyfrank2328

    2 жыл бұрын

    @@NazriB I think you don't know about btc investment

  • @ravshanrashidov
    @ravshanrashidov2 жыл бұрын

    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

    @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

    @abenatakyiwaa8063

    Жыл бұрын

    Same

  • @Mekaneckpain
    @Mekaneckpain7 ай бұрын

    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

    @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

    @BernieDoran-cl2gk

    7 ай бұрын

    Yeah sure, it definitely needs to be addressed

  • @user-od8in2og1m
    @user-od8in2og1mАй бұрын

    Great simple explanation. Great job

  • @edithdomschy
    @edithdomschy4 жыл бұрын

    Loved it! I watched a lot of explainer videos about Bitcoin and none of them explained it so well. Thanks!

  • @idayiakandel7391
    @idayiakandel73913 жыл бұрын

    You must be an economics teacher because that’s the most simplest explanation I ever heard

  • @TheMoon-jf2ux

    @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

    @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

    @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

    @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

    @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.

  • @De-Nicetv
    @De-Nicetv Жыл бұрын

    I really love the way the explanation was made.

  • @hohenheimoflightorseth7157
    @hohenheimoflightorseth71572 жыл бұрын

    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.

  • @dr.diadean2782
    @dr.diadean27823 жыл бұрын

    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

    @royfearn4345

    2 жыл бұрын

    Yes, it's all just TOO anonymous.

  • @XaYaZaZa

    @XaYaZaZa

    2 жыл бұрын

    @@royfearn4345 ok control freak. You deserve to lose all your value by supporting the gov money.

  • @XaYaZaZa

    @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

    @daughterbeloved9901

    2 жыл бұрын

    3-WHAT exactly backs it up? (like paper bills are backed by govt.)

  • @kleinhandsome4928

    @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

  • @creolemarie6633
    @creolemarie66332 жыл бұрын

    Mind blowing in 2021! Why didn’t i see this in 2018 :((((

  • @JR-jj2dh

    @JR-jj2dh

    2 жыл бұрын

    Peoples will be saying the same about now in 1,2,5,10 years time 💡

  • @Adityasomani555

    @Adityasomani555

    2 жыл бұрын

    Mind blowing in 2025! Why didn’t I see this in 2021? :(

  • @sreeshab4093
    @sreeshab40932 жыл бұрын

    Such a brilliant explanation. So clear. So simple. Yet profound. Thank you so much for taking time and explaining.

  • @Grisbi6

    @Grisbi6

    2 жыл бұрын

    You're kidding, of course.

  • @jacksprat3009

    @jacksprat3009

    2 жыл бұрын

    Understandable? So isn't bull sh*t which this is.

  • @believeinjesus6972

    @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

    @ananthnaren9183

    2 жыл бұрын

    Yes i agree with this video

  • @rolfrhom37
    @rolfrhom373 жыл бұрын

    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

    @Shofar_chinwor

    Жыл бұрын

    Hello dear ❤️

  • @socalbengal3087
    @socalbengal30874 жыл бұрын

    Great explanation. Looking forward to all your other ones. I'm holding 1 coin but still.learning as I go. 👍

  • @johnnesbitt8845
    @johnnesbitt88458 ай бұрын

    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

    @paulwallace4408

    Ай бұрын

    I can enlighten you on how it works

  • @DenelsiaWalker
    @DenelsiaWalker11 ай бұрын

    Awesome. Just finished listening and taking notes. Thank you Nate!

  • @99Bitcoins

    @99Bitcoins

    11 ай бұрын

    You are welcome Danelsia

  • @BlueprintBro
    @BlueprintBro4 жыл бұрын

    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.

  • @chickensandw1tch
    @chickensandw1tch4 жыл бұрын

    U got urself a new subscriber 🔥

  • @MarkRichard-vb9oq
    @MarkRichard-vb9oq6 ай бұрын

    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

    @TatianaLondono-hv5kr

    24 күн бұрын

    I will enlighten you on how to trade and earn while trading Inbox me to learn

  • @zeed5764
    @zeed57648 ай бұрын

    So well written and presented! 👍🏻

  • @99Bitcoins

    @99Bitcoins

    8 ай бұрын

    Thank you kindly!

  • @wecandobetter9821
    @wecandobetter98213 жыл бұрын

    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

    @danielriley9231

    3 жыл бұрын

    lol. Try watching again

  • @Octopussyist

    @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

    @shakerleveledup7345

    3 жыл бұрын

    I feel the exact same.

  • @abdulrashed9119

    @abdulrashed9119

    3 жыл бұрын

    @@Octopussyist right!

  • @danteeep

    @danteeep

    3 жыл бұрын

    its an alternative to money with lower costs

  • @thrasymachus5116
    @thrasymachus51163 жыл бұрын

    Hi, thanks for your video. I'm wondering how relevant this information is? Thanks

  • @ejeter4710
    @ejeter4710 Жыл бұрын

    Thanks for the info. Am thinking abt purchasing some but am alittle curious to kn first

  • @TheJimmyjam1958
    @TheJimmyjam19583 жыл бұрын

    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

    @jackylineespayos6214

    2 жыл бұрын

    Ah i understand now.thank you

  • @beatricemusolo8869

    @beatricemusolo8869

    2 жыл бұрын

    So it's like I can use bitcoin to buy whatever I want like from other countries

  • @mariemyers4943

    @mariemyers4943

    9 ай бұрын

    You can use it worldwide

  • @vaughanmoody
    @vaughanmoody3 жыл бұрын

    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

    @tasha911

    Жыл бұрын

    Hi

  • @candyguy05
    @candyguy05Ай бұрын

    Excellent explanation i learnt a lot even about the importance of decentralisation

  • @cidagrande7070
    @cidagrande70707 ай бұрын

    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

    @99Bitcoins

    7 ай бұрын

    My pleasure!

  • @Wesleysubul

    @Wesleysubul

    4 ай бұрын

    Very interested

  • @soujanyach6237
    @soujanyach62372 жыл бұрын

    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

    @99Bitcoins

    Жыл бұрын

    Thanks for watching!

  • @Lisa.Daviddhhd

    @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?

  • @madamsecretary123
    @madamsecretary1233 жыл бұрын

    Thanks for taking time to explain but I still don’t understand. You have a new subscriber 🙌🏾.

  • @99Bitcoins

    @99Bitcoins

    3 жыл бұрын

    Thanks for joining us! Your comments and questions help us continue to provide helpful info about cryptocurrencies.

  • @gypsygirl9

    @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

    @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

    @katemagdalena9657

    2 жыл бұрын

    @@gypsygirl9 if you don’t understand you can inquire more from professional like myself

  • @pnazk7387
    @pnazk7387 Жыл бұрын

    Wow i have not heard Bitcoin as well explained as this. Thank you for making this available to us.

  • @99Bitcoins

    @99Bitcoins

    9 ай бұрын

    You're very welcome! I'm glad to hear that you found our explanation of Bitcoin helpful.

  • @lifewithlove18
    @lifewithlove182 жыл бұрын

    love your videos. u explained it clearly and understandable

  • @JesseMarku
    @JesseMarku3 жыл бұрын

    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

    @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.

  • @inhighdefinition
    @inhighdefinition3 жыл бұрын

    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

    @whatsapme1451

    Жыл бұрын

    LET'S TALK 👆👆💬 Comment appreciated we can communicate through the above contact please$$,

  • @hopeedge219

    @hopeedge219

    Жыл бұрын

    Since I have invested 200.00 in bit coin does that mean I own some Bitcoin?

  • @pasindumadushanka3388
    @pasindumadushanka33884 ай бұрын

    Fantastic explonation,thank you for educating me

  • @niueanlaho
    @niueanlaho2 жыл бұрын

    Thank you very much sir..........i understand a little more than before.........

  • @natusfreedom472
    @natusfreedom4723 жыл бұрын

    Love your simplified , explanation of crypto , bravo

  • @TheLugiaSong
    @TheLugiaSong3 жыл бұрын

    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.

  • @amitojsingh3489
    @amitojsingh348928 күн бұрын

    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.

  • @philipsduke40
    @philipsduke40 Жыл бұрын

    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

    @jessicageorgia578

    Жыл бұрын

    The rich spend money to save time while the poor Save money to spend

  • @headphonesyt2300
    @headphonesyt23003 жыл бұрын

    yaaaay finally, the content that i was looking for

  • @aceyshari
    @aceyshari3 жыл бұрын

    wow, I feel so enlightened by this .Thanks for sharing your wisdom and making it easy for my understanding.

  • @Ana-jj4lw

    @Ana-jj4lw

    Жыл бұрын

    You are welcome

  • @EmanuelKarel
    @EmanuelKarel2 ай бұрын

    thank you very much. IN BITCOIN WE TRUST.

  • @sipiyakamimi1648
    @sipiyakamimi1648 Жыл бұрын

    Very helpful. Just subscribed to know more about Bitcoin. Thankyou!

  • @lastmanstanding8992
    @lastmanstanding89923 жыл бұрын

    *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

    @skullyjack7678

    2 жыл бұрын

    Now I'm really confused I thought our climax was when a woman had an orgasm

  • @lastmanstanding8992

    @lastmanstanding8992

    2 жыл бұрын

    @@skullyjack7678 Are you saying climax is an adjective reserved for sexual activity 🙄

  • @skullyjack7678

    @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

    @skullyjack7678

    2 жыл бұрын

    But I never said reserved for sexuality I use it in reference to sexuality but good try

  • @leahmay1506
    @leahmay15063 жыл бұрын

    Very informative! Thank you!

  • @kivikocher8458
    @kivikocher8458 Жыл бұрын

    Absolutely brilliant explanation, pleasant to listen to and very informative. Well done, keep the good work up.

  • @99Bitcoins

    @99Bitcoins

    9 ай бұрын

    Thank you so much for your kind words!

  • @user-hv3px4fe7h

    @user-hv3px4fe7h

    6 ай бұрын

    Ooops

  • @Mike-hz4jp
    @Mike-hz4jp2 жыл бұрын

    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

    @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

    @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

    @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

    @alexroman3682

    2 жыл бұрын

    @@power_of_many to create a back up for everything and anything it’s the best investment

  • @GudMarty

    @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

  • @TheASG2010
    @TheASG20103 жыл бұрын

    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.

  • @billsmith8306
    @billsmith83063 жыл бұрын

    Outstanding... Thanks.

  • @user-og2je2yg9m
    @user-og2je2yg9m7 ай бұрын

    But how do you send the money as a payment?

  • @sonekeira
    @sonekeira Жыл бұрын

    Thanks for all. I USE Your videos to learn English and how bitcoin work.

  • @Jayreed4Jesus
    @Jayreed4Jesus4 жыл бұрын

    This has been the best explained bitcoin video I’ve seen yet. Thank you. Liked and subscribed.

  • @Shannon_2233

    @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.

  • @MSFPlayer-qu4ub
    @MSFPlayer-qu4ub2 жыл бұрын

    First time watch, I loved it. You explained terminology and used real world examples to explain their relevance. Great job, ill,be subscribing

  • @katherinecarter7868

    @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

  • @salimonhabeeb6273
    @salimonhabeeb6273 Жыл бұрын

    Thanks for sharing the knowledge

  • @jimsaintamour2
    @jimsaintamour2 Жыл бұрын

    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?

  • @MK4lyfe
    @MK4lyfe3 жыл бұрын

    One of the best explanations I have seen on bitcoin. No other KZread video has come close!

  • @kno010
    @kno0103 жыл бұрын

    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

    @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.

  • @rosenskietolentino8420
    @rosenskietolentino84202 жыл бұрын

    this may be a dumb question but I am just wondering if coin mining became unprofitable, who will keep up/update with the ledger?

  • @shubhigautam
    @shubhigautam2 ай бұрын

    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

    @99Bitcoins

    2 ай бұрын

    Welcome aboard!

  • @romanperone1237
    @romanperone12373 жыл бұрын

    I have watched a lot of explanatory videos on crypto, this is the most informative. Well done and thank you!

  • @royfearn4345

    @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

    @kleinhandsome4928

    2 жыл бұрын

    @@royfearn4345 😂 nah

  • @amartyaasengupta8187

    @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

    @amartyaasengupta8187

    2 жыл бұрын

    @@royfearn4345 and if palace currency has worked so will btc imo

  • @DoomSlayersNephew7270
    @DoomSlayersNephew72704 жыл бұрын

    I left this video with soooo many more questions than when I started it.

  • @flexx1313

    @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

    @FoolishFlock

    4 жыл бұрын

    Hahaha!!! Lolz!!! i Know Rightz!!...

  • @ninalopezhurt8390

    @ninalopezhurt8390

    3 жыл бұрын

    Same

  • @jeffreystcharles96

    @jeffreystcharles96

    3 жыл бұрын

    Good. Keep learning! 😃

  • @michaelashidi2018

    @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.

  • @GoDemocracy9352
    @GoDemocracy93524 ай бұрын

    Been trading crypto since 3 years ago, now I really understand what Bitcoin is and how it works... Very insightful.. thx

  • @daisystars4903
    @daisystars49032 жыл бұрын

    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

  • @clashofclans_bj1812
    @clashofclans_bj18123 жыл бұрын

    This was EXTREMELY helpful. Thanks 👍

  • @Lanexa
    @Lanexa3 жыл бұрын

    Thank u for this video ! I’ve been confused lol

  • @AlexisChantal
    @AlexisChantal2 жыл бұрын

    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

    @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

  • @aberabirhanu
    @aberabirhanu Жыл бұрын

    Best explanation ever

  • @atomrockerrrr
    @atomrockerrrr4 жыл бұрын

    Very comprehensive and easy to follow explanation of Bitcoin and money in general. Thank you.

  • @Lisa.Daviddhhd

    @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?

  • @thomasjackson7785
    @thomasjackson77853 жыл бұрын

    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

    @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.

  • @nelulusimson3408
    @nelulusimson34082 жыл бұрын

    very excellent explanation even someone who's hasn't had about bitcoin he will catch up.

  • @meshacaudle2551
    @meshacaudle25514 ай бұрын

    Thank you for this simply put presentation

  • @99Bitcoins

    @99Bitcoins

    4 ай бұрын

    You're very welcome!

  • @rabask9226
    @rabask92262 жыл бұрын

    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

    @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

    @donaldrubert5225

    Жыл бұрын

    The best

  • @Carlos-kt1wo
    @Carlos-kt1wo3 жыл бұрын

    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.

  • @Ravikanthful
    @Ravikanthful Жыл бұрын

    Thank bro its very useful I learned something here

  • @crazyfootball5527
    @crazyfootball55272 жыл бұрын

    I understood everything he said this was so easy to understand thanks so much for the information!

  • @yokotraderx1548
    @yokotraderx15483 жыл бұрын

    thanks so much if anyone didn't understand please listen again and again this is well explained...

  • @chukwunochiejohn8376

    @chukwunochiejohn8376

    5 ай бұрын

    Pls my friend am new beginner, I want u to guard me on it pls

  • @natz1122
    @natz11223 жыл бұрын

    Clear and a very easy way of explaination..good job..

  • @peteranderson217
    @peteranderson217 Жыл бұрын

    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.

  • @sarashah1558
    @sarashah155817 күн бұрын

    Love the technical analysis! Might be time to pull the trigger on some 99 Bitcoins 🚀📈

  • @sananto6896
    @sananto68963 жыл бұрын

    One big question you failed to address...what are the disadvantages or risks of bitcoin?

  • @dannyjones3689

    @dannyjones3689

    2 жыл бұрын

    thats what everyone who pushes crypto does, they dont tell you everything, they just want to push it.

  • @dannyjones3689

    @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.

  • @camillecamille7151
    @camillecamille71513 жыл бұрын

    Explained very well! Still hard to understand, but one of the best videos on the topic.

  • @marias7614

    @marias7614

    3 жыл бұрын

    Do you invest in Bitcoin?

  • @joeljenny4832

    @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

    @investmenttrade748

    Жыл бұрын

    Yes

  • @johnparris2353

    @johnparris2353

    Жыл бұрын

    U can talk all day only u can work it out leave things as they r

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