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What is Bitcoin? Bitcoin Explained Simply for Dummies



Begin buying and selling Bitcoin and cryptocurrency right here:

Bitcoin is the primary decentralized digital forex. All Bitcoin transactions are documented on a digital ledger known as the blockchain, which is accessible for everybody to see.

Bitcoin offers you full management over your cash, not like different belongings you personal that are regulated by banks and governments. As bitcoin beneficial properties extra recognition, increasingly more locations settle for it as a fee methodology.

That is Bitcoin in a nutshell. For the entire easy rationalization watch this video, here is what I will cowl:

0:50 – What is cash?
3:10 – Fiat cash
3:43 – Fiat cash drawbacks
4:25 – Digital cash
5:34 – Centralized cash points
7:21 – Enter Bitcoin
7:44 – Bitcoin is clear
9:13 – Bitcoin is decentralized
9:35 – Bitcoin is digital
9:56 – Why is Bitcoin such huge information?
11:45 – Who accepts Bitcoin?
12:05 – Conclusion

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46 Comments

  1. No time,In a few months you people will definitely be kicking yourselves regret for missing the opportunity to invest in forex/market cryptocurrency and Bitcoin trade

  2. Nice video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advise me on what to do?>>

  3. I started investing with axelstocksfx, omega pro and cashFX but Axelstocksfx is the best because they connected to a recovery, company, they give you 20 percent weekly, they are very good and also fast in payment

  4. EVERY FAMILY HAS THAT ONE PERSON WHO WILL BREAK THE FAMILY FINANCIAL STRUGGLE I HOPE I BECOME THE ONE ☺️… IN A FEW WEEKS I WAS ABLE TO PAY OFF MY DEBTS THROUGH INVESTING IN CRYPTO TRADING

  5. At the moment, Bitcoin appears to be highly unpredictable, with some forecasting a crash and others predicting a new all-time high. We'll have to wait and see what happens, I'm unable to sell and am still holding strongly. We haven't yet reached the Bottom.

  6. The way bitcoin humbled us, which nobody is talking about: In 2020 and 2021, EVERY crypto YouTuber was saying bitcoin would be over $100,000 this market cycle. We were obviously all wrong

  7. Bitcoin has no value. Dollar has no value. It's not gold or real estate. What is the true value. It's a joke. Plus the government doesn't back the dollar. It's the central bank. This seems very dangerous.

  8. 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.

  9. As u told that it's s not currency or something just a comment that we are sending to another person for exchange of commodity and is digital so what is it really

  10. OJX is one of the best gem token making headway in the market currently, I love this project I wish I had enough of the coin. Kudos to the team handling the project they have done a great job and are still doing more.

  11. thought experiment. bitcoin has 21 millions "coins". say value is $1USD per and 1 per person.

    8 billion people /divided by/ 21 miilion=.0026BTC/per person

    CURRENTLY avg person in US needs $50USD for average costs such food, housing,transportation,energy,etc. How would8 BILLION people operate using 21 million BITCOIN

  12. so its like napster/pirates bay peer to peer decentralized databases buy a centralized ledger for transparency and trust of transactions creating value, and scarcity plus transactionability increase worth of ownership

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