What is Bitcoin & How Bitcoin Works (A Simple Explanation)

This can be a video information for freshmen about what bitcoin is, how bitcoin works, and the bitcoin worth.


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======== TABLE OF CONTENTS ========

00:00 – Introduction
01:41 – What is Bitcoin?
05:41 – Who Created Bitcoin & Why?
10:14 – How Blockchain Works
15:27 – How Bitcoin Works
17:53 – The Bitcoin Provide
23:18 – Storage & Transference of Bitcoin
29:32 – Investing in Bitcoin

======== VIDEO SUMMARY ========

This can be a video information all about Bitcoin.

We break down bitcoin into easy ideas collectively, so by the top of the video, you’ll perceive why bitcoin was created and the know-how behind bitcoin.

In the event you Google search, “What is Bitcoin?,” you get solutions like: “Bitcoin is the primary decentralized open supply, peer-to-peer community that’s powered by its customers with no central authority or middlemen utilizing blockchain know-how.”

Bitcoin could seem to be a tough idea to wrap your head round, but it’s truly method easier than most individuals assume.

Utilizing bitcoin, you’ll be able to ship and obtain worth on to anybody around the globe, anytime.

Satoshi Nakamoto created bitcoin and the bitcoin community utilizing blockchain know-how.

And blockchain is just a technique of document protecting utilizing math and laptop science, versus accountants and bookkeepers.

The bitcoin blockchain is principally a stay, operating ledger of all of the bitcoin transactions.

Every time a bitcoin transaction happens, that knowledge is transferred all through the community of computer systems.

Bitcoin transactions are verified and broadcasted to the community by way of a course of known as mining and this course of is accomplished by miners.

Miners are these folks or swimming pools of those that use computer systems with bitcoin software program put in on them to keep up the bitcoin blockchain.

And mining rewards are a mixture of newly minted bitcoins that weren’t beforehand circulating, and transaction charges of bitcoin that have been already circulating.

There are present bitcoins at the moment in circulation, and there are some bitcoin not circulating proper now.

At the moment, 18 million bitcoins are in circulation of the 21 million whole provide.

To retailer and switch bitcoin, you might want to use bitcoin wallets.

The 2 normal classes of bitcoin wallets are sizzling storage and chilly storage.

Sizzling storage, or software program wallets, are wallets which can be on units linked to the web like a pc or smartphone or an trade.

Chilly storage are wallets on units not linked to the web, like devoted cryptocurrency {hardware} pockets units like Ledger, Trezor, or BC Vault.


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  1. Ste banda podvodníkov. Ja som sa idiot zaregistroval tiež cez jednú aplikáciu. Uveril som podobnému hajzlovi a prišiel som o 4166 €. Pri zrušení účtu na MetaTrade4 tam bola čiastka 36150 $.
    Neverte im, je to banda podvodníkov.
    Vystríha. NEVERTE im.
    Veľa postihnutých sa neprizná.
    Mňa klamal hajzel menom. Adam Bosák (určjte to nie je jeho pravé meno)


  3. As a beginner months ago trading and investing in the crypto mrkt has offered me several benefits and a steady income over 39.61% weekly and even with the current decline of the market I've benefitted hugely

  4. An ex-colleague convinced me into stock trading and investments as profitable alternative sources of income. Unfortunately, I have been down ever since. Next time, I will spend my money on myself first before considering whether I will invest or not.

  5. Technical Analysis is all well and good but I find it truly baffling that all major crypto YouTubers just look at pure TA and completely ignore the bigger narrative of why BTC is dumping and why the future outlook might not be as rosy as it seems. Its kinda irresponsible to ignore the fact that each ETF lauch so far has caused a major dump at the peak of BTC. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 3.5 btc from day trading with Mrs Cathie wood, insights and signals in less than 2 weeks. This is one of the best medium to backup your assets incase it goes bearish..

  6. I totally agree with what you are saying….The fact is, BTC Is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuatin which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. It all depends on the pattern with which you trade and also the source of your signals.I would say trading has been going smoothly for me, i started with 2.5 BTC and i have acumulated over 11.7 BTC in just three weeks, with the trading strategy given to me by expert trader mr Mason Jianjun ….

  7. Great video mate! "The question is, as a beginner what's the way to get started and earn some money in crypto" As a beginner in crypto,
    my advise to you don't Afraid to make mistakes. a lot of people get intimidated by investors who has already made millions, there's a lot going on.
    Even best investors make mistakes. Make sure your doing the right thing, learn from your mistakes. this automatically makes you a better investor.
    I lost moeny traying to navigate my way in crpto, until i met an experienced trader Ryan Donald's who disciplined me.
    He gave me the basics knowledge i needed and within 3 weeks i earned 25 BTC trading with his signals. This might sound impossible but people have earned even more.
    Today there is more crypto millionairs than ever before so why not. if i can do this why not you.

  8. This might be just an investment device for a few. Kinda like gambling at las vegas. The ones who are willing to gamble are the winners and losers. For the majority of people, and im speakimg for world wide folks, there is absolutely no way.this type of investment, with all the technicality, will ever be mainstream.
    Just give me a way to get a dollar, put it in the bank and pay someone with that dollar.
    I buy gold. Straight up. I pay for one ounce of gold or silver for X amount of dollars.
    Poof, its done and in my possession.
    Easy peazy lemon squeezie.

  9. Made absolutely no sense at all.
    Why cant it be, i get $100 from a person, put it in my bank, then pay a bill worth $100.

    If this is what humanity is forced to eventually do, we're screwed.
    I buy gold, I get gold
    I earn $100, I get $100.
    All this coded word stuff just makes me think its all an evenual scam.
    Get as much of the peoples US dollar money as posible, then
    Periodically, still money here and there so its not noticeable, then
    Take all of their money thru a supposed crash when the scam runs its course.
    Im always always open to new things, but when they are as technical as this, the vast majority, including me, will avoid it.
    If it is simpler, then state so. Cause that video, little bit in beginning made sense, but as you got further, was like watching you go out to sea.

  10. Do not give out you checking account(s) numbers. With the checking account number and bank router number (which is easy to guess) thieves can clear out you accounts. Therefore, do not give or send a check to someone you do not completely trust. Using checks is very risky.

  11. Thank you for always being constant with the videos regardless of market Bull / Bear. Analyst & Holders remains indecisive on the current price movement on BTC but the market being unpredictable, trading is always a 'Go For Thing' for me. With MR ALEX VALENTINE help I've accumulated over 4btc using his methods and strategies. Forget predictions and start making good profit now because future valuation are all speculation and guesses.stayhome

  12. Hello. I'm actually looking for a good
    trader that can help me trade and make good profit, Ive been seeing so many recommendations but i don't think they're trusted. Please do you have any recommendation?

  13. Casey, all of your videos are wonderful! I always wondered why people could be mining Bitcoin if there was a set amount. Now I know that it's because all of that set amount isn't all in circulation yet. Thank you for sharing your knowledge and for being a great teacher. Clear, well laid out, and to the point is what makes your channel my favorite for learning about cryptocurrency.

  14. I’m new to cryptocurrency and I don’t understand how it really works.Can someone guide me on the right approach to investing and making profit from cryptocurrency investment?

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