Explain Crypto To COMPLETE Beginners: My Guide!!πŸ‘¨β€πŸ«

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Explain Crypto To COMPLETE Beginners: My Guide!!πŸ‘¨β€πŸ«

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πŸ“ΊEssential VideosπŸ“Ί

Central Bank Digital Currencies Explained πŸ‘‰ https://youtu.be/_ErRWQWPs8Q
Best Cryptocurrency Hardware Wallets πŸ‘‰ https://youtu.be/_t3Brlb0qzQ
Fiat Ponzi Scheme πŸ‘‰ https://youtu.be/L_f6R0DHNH0
How To Research Cryptocurrency πŸ‘‰ https://youtu.be/HCLWDGYnAzk
Bitcoin Bad For The Environment? πŸ‘‰ https://youtu.be/DidAwxWaDKI

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– TIMESTAMPS –
0:00 Intro
2:11 Cryptocurrency 101
6:08 Questions About Bitcoin, Dogecoin, Ethereum, etc.
9:15 Cryptocurrency Safety & Criminal Use Concerns
13:15 Explaining Cryptocurrency Price & Value
17:38 β€œWhich Cryptocurrencies Should I Buy?”
21:32 Conclusion

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⛓️ πŸ”— Useful Links πŸ”— ⛓️

β–Ί Why Cash Is Trash: https://wtfhappenedin1971.com/
β–Ί Dogecoin Explained: https://www.coinbureau.com/review/dogecoin-doge/
β–Ί Circle USDC Website: https://www.circle.com/en/usdc
β–Ί Paxos PAX Gold Website: https://www.paxos.com/paxgold/
β–Ί Bitcoin Use In Crime: https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/
β–Ί Bitcoin Stock To Flow: https://www.lookintobitcoin.com/charts/stock-to-flow-model/
β–Ί Cryptocurrency Lending And Borrowing Explained: https://www.coinbureau.com/review/aave-lend/
β–Ί Visa USDC On Ethereum: https://www.theblockcrypto.com/post/99639/visa-now-settles-payments-in-usdc-stablecoin-ethereum

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πŸ‘¨β€πŸ«Cryptocurrency 101πŸ‘¨β€πŸ«

Put simply, cryptocurrencies are like regular currencies except they’re entirely digital. Each individual cryptocurrency coin is fundamentally just a collection of numbers and letters

This sounds complicated, but it’s actually not far off from what we see with currencies today. Bills have serial numbers, and bank accounts have account numbers

Cryptocurrencies are basically like serial numbers without the physical bill, and cryptocurrency wallets are like bank account numbers without your name attached to them

Instead of the bank or government keeping track of your wallet balance, this is done by computers that connect to a cryptocurrency network to process transactions and earn cryptocurrency for doing so

πŸ™‹β€β™‚β€Questions About Bitcoin, Dogecoin, Ethereum etc.πŸ™‹β€β™‚β€

Broadly speaking there are two types of cryptocurrencies: coins and tokens. Cryptocurrency coins belong to cryptocurrency networks that were built from the ground up

Because cryptocurrency networks are so hard to make from scratch, only a few dozen cryptocurrencies are actually coins. The rest are cryptocurrency tokens

The most important thing to remember about cryptocurrency tokens is that a lot of them are nothing more than scams. This is primarily because cryptocurrency tokens are so easy to create

βš–Cryptocurrency Safety And Criminal Use Concernsβš–

For starters, not all cryptocurrencies are created equal. Some cryptocurrencies are built to prioritize speed over security, and usually the consequences of that play out quite quickly

When it comes to the criminal activities, it is true that ransom demands made by hackers often involve some kind of cryptocurrency. However, these cryptocurrencies always get swapped to privacy coins

πŸ’°Explaining Cryptocurrency Price And ValueπŸ’°

Bitcoin has value because its BTC coin has an economic profile to gold. It has a maximum supply and only a small amount of BTC is created each day, and that amount is cut in half every 4 years

Cryptocurrencies like Ethereum’s ETH have value because they are required to pay for the transaction fees associated with minting and moving tokens as well as using decentralized applications

πŸ€‘β€œOkay, Which Cryptocurrencies Should I Buy?β€πŸ€‘

Before you answer that question, you must remember to emphasize that nothing you tell them is financial or investment advice

Which cryptocurrencies you decide to invest in boils down to your timeline and risk tolerance. Make sure not to mix up market cap with price potential, and always do your own research.

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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome

#Bitcoin #crypto #guide #explain #blockchain #teach #noobs

42 COMMENTS

  1. *I HAVE BEEN EMBARRASSED AND DEPRESSED FOR SO MANY TIMES UNTIL HAVE BEING INTRODUCED TO !!!everything has been going smoothly and peacefully 😍πŸ₯°πŸ‘πŸ‘*

  2. Basically people need to understand that every time someone cashes out with a profit, their gains come from the losses of other investors, it really is that simple. So not everyone can get rich, those who do, do so at the expense of other investors. Like a big poker game. Good luck.

  3. Nice work mate,I advise y’all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can’t tell if it’s going bearish or bullish. While myself and others are tradn without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.I was able to make 2 BTC in just July from implementing tradess with tips and info from a trustworthy broker, Mrs. Maya Payson

  4. Please I need someone to help me trade or invest the forex or crypto market because I’m tired of trading in losses myself. I’ve blown my account twice and it’s frustrating…

  5. THANKS FOR DEALING WITH MAN CALLED MR SAMJAY WILL ALWAYS MAKES YOU HAPPY AND NEVER REGRET ON DEALING WITH HIM HERE βœ…

  6. I bought the course and I’m investing little by little, and I’m understanding more and more about bitcoin, a very good course .

  7. Most people remain poor only because friends and relatives discourage and advise them against investing and trading forex while the Wise keep investing and growing higher financially

  8. I really feel left aside hearing and seeing several testimonies from people on profits they make from crypto/Forex investments. Can someone please recommend a good expert that can trade on my behalf and generate profits for meπŸ₯ΊπŸ₯ΊπŸ₯Ί.

  9. The best decision I ever made in my life was investing in financial market. Trust me guys, it pays a lot. I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocket.

  10. Do the creators of crypto currency own or control the resources that are used in its creation! Massive amounts of electricity, millions of gallons of water for cooling massive banks of computers? Are you SURE crypto could exist without massive infrastructure?!?!?!?

  11. *I HAVE BEEN EMBARRASSED AND DEPRESSED FOR SO MANY TIMES UNTIL HAVE BEING INTRODUCED TO !!!everything has been going smoothly and peacefully 😍πŸ₯°πŸ‘πŸ‘*

  12. Most people remain poor only because friends and relatives discouraged and advised them against investing and trading forex while the wise ones kept investing and growing higher financially.

  13. ". . . Circle and Paxos are fully regulated in the United States . . ." Regulated by WHO? In the United States, Wall Street is "regulated" by the Securities and Exchange Commission, and we all know how THAT has worked out in the last 20 years!

  14. Most times having knowledge or insight about a particular can as well be a pleasing exercise.i can boldly say that forex and crypto trading is one of the profitable money exchange service elevates investors and their financial status.

  15. Investing in cryptocurrency is the best way of getting ahead to build wealth, investing remains a priority. The Cryptocurrency market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works, I pray that anyone who reads this will be successful in life..

  16. 17: 38 β€œWhich Cryptocurrencies Should I Buy?"- I think that you need to start with stable coins(usdt/dusd), and everything else is gradual !

  17. Wow i enjoyed this video tho, Forex trading has been really difficult for me
    to understand but my life has been better after Mrs Stephanie Williams
    came into my life, she helped me grow my profit and thought me how
    to trade on my own…

  18. A NICE VIDEO, EVERYONE NEEDS MORE THAN THEIR BASIC INCOME TO BE FINANCIALLY SECURED. THE BEST THING TO DO WITH YOUR MONEY IS TO INVEST IT BECAUSE MONEY LEFT IN THE BANK ALWAYS END UP BEEN USED ONE WAY OR THE OTHER WITH NO RETURNS. I USED TO BE A VICTIM OF SUCH, NOT ANYMORE. I INVESTED AND MAKE STEADY PROFITS.

  19. Thanks for making this video that I finally understand the options trading. options trading has really transform a lot of people, making money make me live a luxury life and give my family the best.

  20. Wow nice experience, I can actually teach you how to trade on your own and make more weekly profit, nice video keep it up brother.

  21. Most times having knowledge or insight
    about a particular can as well be a pleasing
    exercise.i can boldly say that forex and crypto trading is one of the profitable
    money exchange service elevates investors and their financial status.

  22. 5:30 how does the absence of a single point of failure increases security? I think you meant to say High Availability and not security as increasing availability usually increases vulnerability.

  23. I’m here to testify about binary options and cryptocurrencies trading online,I have been making money through Bitcoin but my previous manager is not expert trader until I came across Katherine Nora that changed my life for good.she always watch your trading account to make sure you don’t lose coin.

  24. Why would anyone want to sell their crypto currencies for the corrupt fiat money of rotting states? How do crypto currencies "threaten the powers that be" when their value is set by the currencies of those very powers? Sounds like crypto is, dare I say it, A PONZI SCAM!!!!!!!!!

  25. *Please someone should recommend a trust worthy expert that will trade on my behalf and generate profit. Am tired of blowing off my account doing it on my own*

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