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What is Bitcoin? Bitcoin Explained Simply 

99Bitcoins
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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:
bit.ly/2pB4X5B
Learn ANYTHING about Bitcoin and cryptocurrencies on our RU-vid channel:
bit.ly/2BVbxeF
See anything we haven't covered? Leave us a comment in the comment section below

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29 июн 2024

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Комментарии : 9 тыс.   
@99Bitcoins
@99Bitcoins Год назад
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 Год назад
But I thought bitcoin doesn't have problems with fraud the way fiat does?
@99Bitcoins
@99Bitcoins Год назад
@@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 Год назад
@@99Bitcoins Thanks for the reply! Would you consider Tether to be a reputable part of the crypto ecosystem?
@99Bitcoins
@99Bitcoins Год назад
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 Год назад
Same here
@AmbroseSinclair-yn8rl
@AmbroseSinclair-yn8rl 7 дней назад
What is the best strategy to succeed in the market now for someone with more or less than $3k
@BenjaminHayes-ok5gn
@BenjaminHayes-ok5gn 7 дней назад
You need a proTrader or someone good at navigating the market. Someone like Jared Brian Watkins
@EmmaRodriguez-nf7vq
@EmmaRodriguez-nf7vq 7 дней назад
True, almost gave up due to constant losses, but Jared turned my luck around
@NathanCarter-nq4jz
@NathanCarter-nq4jz 7 дней назад
Crazy seeing Jared mentioned here. Not up to two months with Jared, I cleared my debt of 3 years
@JordanTran850
@JordanTran850 7 дней назад
Meeting Jared Brian Watkins changed my life. I was barely able to make rent now I'm looking at houses to buy
@AmbroseSinclair-yn8rl
@AmbroseSinclair-yn8rl 7 дней назад
How can he be consulted
@AnaJona-rt7ms
@AnaJona-rt7ms 9 дней назад
"I've discovered that the key to reaching a million dollars is saving for smarter investments. I constantly remind myself that I don't need to splurge on a new Maserati or lavish vacations right away. This mindset has significantly boosted my earnings through investing. For instance, last year I invested $30,000 in crypto and earned around $246,000. Instead of spending it, I reinvested everything and now I'm approaching a million dollars."
@SlickGarcia
@SlickGarcia 9 дней назад
That's awesome
@Dora231-gh6ly
@Dora231-gh6ly 9 дней назад
It’s been so rough for me trading on my own because I have had much losses. Think the real market is manipulated. Please can anyone help me out or tell me what I’m doing wrong
@BeatriceBash-cv7fb
@BeatriceBash-cv7fb 9 дней назад
i am shocked seeing benny craig mentioned here she is good at what she does
@Dora231-gh6ly
@Dora231-gh6ly 9 дней назад
Mind if I ask you to recommend how to reach this particular coach you using their service?
@Dora231-gh6ly
@Dora231-gh6ly 9 дней назад
thank you so much
@kenisha-cs1bq
@kenisha-cs1bq 7 дней назад
I’m looking for a way to automate my Solana token purchases. Any suggestions?
@Milagro-go2hd
@Milagro-go2hd 4 дня назад
I choose gpt sniper bot
@Elda-y1r
@Elda-y1r 4 дня назад
I choose gpt sniper bot
@0017Bulldog
@0017Bulldog 2 года назад
Maybe I should watch this again when I'm not drinkin'.
@Z_imi
@Z_imi 2 года назад
Lol
@cardtrix1970
@cardtrix1970 2 года назад
All Crypto is a farce; don't mattering your sober or drunk
@guduboy6108
@guduboy6108 2 года назад
😂😂😂😂😂😂😂😂😂😆😆😆😆😆😆😭😭😭
@cardtrix1970
@cardtrix1970 2 года назад
@@guduboy6108 Scam!
@angelocerrone3070
@angelocerrone3070 2 года назад
Won’t make any difference.
@djunyeyes1
@djunyeyes1 3 года назад
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 года назад
Lmao
@dunkinkookies453
@dunkinkookies453 3 года назад
Same
@chaseosborn9747
@chaseosborn9747 3 года назад
@@declanbaxter5828 That's a scammer. Click their page.
@tiwacoco72
@tiwacoco72 3 года назад
Same here😒😒I still don't get it
@richiepaul08
@richiepaul08 3 года назад
HHahaha this made my day
@tigerbalm20000
@tigerbalm20000 3 года назад
Finished watching the video and I only have one question…what is Bitcoin?
@ifyonuoha2269
@ifyonuoha2269 3 года назад
Is just like money with wings
@aianna3814
@aianna3814 2 года назад
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 года назад
@@aianna3814 you’re joking thankfully
@thelionofjudah.8646
@thelionofjudah.8646 2 года назад
🤣🤣
@grunthostheflatulent5914
@grunthostheflatulent5914 2 года назад
A scam for dumb as rocks, smarty pants millennials...
@luciann34
@luciann34 2 года назад
I believe Qardcoin token will go 100x after launch on Binance
@miracle8494
@miracle8494 Год назад
únete y agradéceme más tarde únete y agradéceme más tarde
@stacybernstein9577
@stacybernstein9577 Год назад
How long have you been in the crypto space?
@omdiq-namarlyi585
@omdiq-namarlyi585 2 месяца назад
this btc it melt face in the New york crpyto
@northshorehighlanders6167
@northshorehighlanders6167 6 месяцев назад
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.
@99Bitcoins-s
@99Bitcoins-s 3 часа назад
Get in touch for more exclusive insights/info and clarification on the upcoming bull run, flare and other airdrops, Bitcoin, XRP pump and more❤️"
@kentonnash4042
@kentonnash4042 3 года назад
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 года назад
Amen
@davidd2661
@davidd2661 3 года назад
Brahamen
@noelaevody7802
@noelaevody7802 3 года назад
Amen and you too
@rogerbec5766
@rogerbec5766 3 года назад
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 года назад
Class Act Top Man
@PelikeMaia
@PelikeMaia 3 года назад
At the end of this video, i can safely say....im still in the 99% of the population..who are clueless.
@colinwhite5355
@colinwhite5355 3 года назад
And I can safely say that I, too, am not so much as a single percentage point wiser.
@0726936620
@0726936620 3 года назад
I'm relieved I'm not the only dumb ones🤣
@iainallan573
@iainallan573 3 года назад
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 3 года назад
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 3 года назад
@@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
@GiovanniM309 2 месяца назад
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 2 месяца назад
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 2 месяца назад
I'm favoured financially, Thank you Jesus $32,000 weekly profit regardless of how bad it gets on the economy
@Robertj.thompson
@Robertj.thompson 2 месяца назад
How ..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
@GiovanniM309
@GiovanniM309 2 месяца назад
Thanks to Patricia V Vesely.
@GiovanniM309
@GiovanniM309 2 месяца назад
She's a licensed broker here in the states
@paradiselivinginpurpose
@paradiselivinginpurpose 3 года назад
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 года назад
Hi paradise yuille how are you doing
@johnking6624
@johnking6624 Год назад
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 9 месяцев назад
Good you understood better
@widodoakrom3938
@widodoakrom3938 Месяц назад
True
@creolemarie6633
@creolemarie6633 2 года назад
Mind blowing in 2021! Why didn’t i see this in 2018 :((((
@JR-jj2dh
@JR-jj2dh 2 года назад
Peoples will be saying the same about now in 1,2,5,10 years time 💡
@Adityasomani555
@Adityasomani555 2 года назад
Mind blowing in 2025! Why didn’t I see this in 2021? :(
@mikeash7193
@mikeash7193 2 года назад
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.
@migglemaggle9500
@migglemaggle9500 Месяц назад
Do you mean 4 tiers?
@bobbygunz9254
@bobbygunz9254 2 года назад
agree bitcoin will ascend to the capital throne no matter what happens to the economy!
@viviangall1786
@viviangall1786 2 года назад
Exactly, that expression "buy back your time" well thats what investing allows you to do.
@chris-pj7rk
@chris-pj7rk 2 года назад
Still super skeptical about this whole Bitcoin thing
@viviangall1786
@viviangall1786 2 года назад
@@chris-pj7rk Cryptocurrencies are the future of finance. The world is evolving, follow it or be left behind!
@chrismillson2779
@chrismillson2779 2 года назад
@@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 3 месяца назад
When the internet goes down, so does all crypto..
@sastindxa7
@sastindxa7 4 года назад
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 года назад
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 4 года назад
@@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 года назад
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.”
@jonathanf.saldivar6216
@jonathanf.saldivar6216 2 года назад
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 ⚡💪
@carolyngarcia1385
@carolyngarcia1385 2 года назад
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 2 года назад
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 2 года назад
Bitcoin is the future, investing in it will be the wisest thing to do especially with the current status
@sharonrobinson2795
@sharonrobinson2795 2 года назад
You are right but the market is profitable if you are using a really good platform to help out with trades
@worfganbitterlich3825
@worfganbitterlich3825 2 года назад
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 2 года назад
@@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.
@De-Nicetv
@De-Nicetv Год назад
I really love the way the explanation was made.
@khloe-3078
@khloe-3078 3 года назад
“Bitcoin price keeps increasing exponentially” Me: *buys bitcoin* Bitcoin: well now I’m not doing it
@adebayosamuel3149
@adebayosamuel3149 3 года назад
Yes
@Novemberscorpio1119
@Novemberscorpio1119 3 года назад
Right that’s how I feel about it
@btsoc1397
@btsoc1397 3 года назад
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 3 года назад
Try converting it back to cash. Reports I’ve heard is that you can’t
@XaYaZaZa
@XaYaZaZa 3 года назад
@@matthewburgess5034 😂 idiot
@idayiakandel7391
@idayiakandel7391 4 года назад
You must be an economics teacher because that’s the most simplest explanation I ever heard
@TheMoon-jf2ux
@TheMoon-jf2ux 3 года назад
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 года назад
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 года назад
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 года назад
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 года назад
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.
@AbdulazizAlAzmi-pu7ns
@AbdulazizAlAzmi-pu7ns Месяц назад
Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!
@user-od8in2og1m
@user-od8in2og1m 3 месяца назад
Great simple explanation. Great job
@edithdomschy
@edithdomschy 4 года назад
Loved it! I watched a lot of explainer videos about Bitcoin and none of them explained it so well. Thanks!
@SpeakTagalogWithJC
@SpeakTagalogWithJC 3 года назад
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 года назад
can you help me out? So for example if i were to buy $1000 worth of bitcoin and for example lets if it were at 30k and then bitcoin went up to 31k. How much would I of made in us dollars you think?
@SpeakTagalogWithJC
@SpeakTagalogWithJC 3 года назад
@@Brutal858SD if I’m not mistaken, you’re bitcoin would have become 1033.33 usd worth by then, so you’d have already made 33.33
@rrestoring_faith
@rrestoring_faith 3 года назад
@@Brutal858SD You would make 1/30th profit. You are already exchanging its value to say it is 30k up to 31k. I would be cautious of buying it with real money as it is very volatile right now. Also be aware of scams, be sure you know the service you are using is safe. -- OOPz late reply. Thought I was on most recent comments :$
@NazriB
@NazriB 2 года назад
Lies again? Bet Clic
@johnnyfrank2328
@johnnyfrank2328 2 года назад
@@NazriB I think you don't know about btc investment
@cidagrande7070
@cidagrande7070 9 месяцев назад
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 8 месяцев назад
My pleasure!
@Wesleysubul
@Wesleysubul 6 месяцев назад
Very interested
@99Bitcoins-s
@99Bitcoins-s 3 часа назад
Get in touch for more exclusive insights/info and clarification on the upcoming bull run, flare and other airdrops, Bitcoin, XRP pump and more❤️'''
@99Bitcoins-s
@99Bitcoins-s 3 часа назад
​@@WesleysubulMy digits should be displayed on your notification bar❤️""
@kenrick5095
@kenrick5095 2 года назад
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 2 месяца назад
The great work
@socalbengal3087
@socalbengal3087 4 года назад
Great explanation. Looking forward to all your other ones. I'm holding 1 coin but still.learning as I go. 👍
@ravshanrashidov
@ravshanrashidov 3 года назад
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 Год назад
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 Год назад
Same
@ianberk147
@ianberk147 2 года назад
Thank you for spending the time helping to educate dummies like me - it is very much appreciated. Two questions if I may: - you talked about the advantages of Bitcoin, but what about the disadvantages; and - how do you establish or go about assessing the (theoretical?) value of Bitcoin? You said that the US dollar, for example, is based upon trust in the US government. Thank you
@chewfuling
@chewfuling 2 года назад
Those are some high quality questions you have! Please update the answers to the brilliant questions here when you finally found them. Thank you.
@bolarinwaoreoluwa5268
@bolarinwaoreoluwa5268 2 года назад
@@chewfuling tag me too if you find the answers!!! thanks!!!
@newagecubicle9140
@newagecubicle9140 2 года назад
The biggest disadvantage of using Bitcoin as a form of currency I can think of is how its transactions are irreversible. You won't have any authority or centralized system to dispute your transactions with if something happens. Other than that, it's more secure than money in your bank and more merchants already started accepting BTC as payment. As far as the disadvantage of investing in Bitcoin or acquiring Bitcoin right now is the value fluctuation. The theoretical value of Bitcoin cannot be determined I guess until the market is capped. As long as Bitcoin can still be mined and added to the circulation, supply and demand will determine its current value. Remember, US dollar as a currency is established based upon trust in US government but its value is determined by supply and demand. US government just has the ability to print more money if they want to, which can affect supply and demand. There is no limit or cap for US dollar. However, Bitcoin does have a limit at 21 mil. In my opinion, its final value will not go below 38k due to big corps like Tesla and MicroStr acquired large amounts at that price.
@rachel5478
@rachel5478 Год назад
Me too !
@tasha911
@tasha911 Год назад
Hello
@sreeshab4093
@sreeshab4093 2 года назад
Such a brilliant explanation. So clear. So simple. Yet profound. Thank you so much for taking time and explaining.
@Grisbi6
@Grisbi6 2 года назад
You're kidding, of course.
@jacksprat3009
@jacksprat3009 2 года назад
Understandable? So isn't bull sh*t which this is.
@believeinjesus6972
@believeinjesus6972 2 года назад
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 года назад
Yes i agree with this video
@rolfrhom37
@rolfrhom37 3 года назад
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 2 года назад
Hello dear ❤️
@chickensandw1tch
@chickensandw1tch 4 года назад
U got urself a new subscriber 🔥
@onlinefraudprotect6688
@onlinefraudprotect6688 2 года назад
Great explanation!
@pherltv
@pherltv 2 года назад
I need all your sharing. Now full support
@BlueprintBro
@BlueprintBro 4 года назад
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.
@soujanyach6237
@soujanyach6237 3 года назад
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 Год назад
Thanks for watching!
@Lisa.Daviddhhd
@Lisa.Daviddhhd 11 месяцев назад
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?
@ritagideon9784
@ritagideon9784 2 года назад
This content is very simple and understandable… thanks a lot
@zevlewinson3571
@zevlewinson3571 2 года назад
Beautifully explained! Clear. Concise. I slammed the 'subscribe' button with deep apprecition in my heart. Thank you Bro!
@vaughanmoody
@vaughanmoody 3 года назад
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 Год назад
Hi
@TheJimmyjam1958
@TheJimmyjam1958 3 года назад
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 года назад
Ah i understand now.thank you
@beatricemusolo8869
@beatricemusolo8869 2 года назад
So it's like I can use bitcoin to buy whatever I want like from other countries
@mariemyers4943
@mariemyers4943 11 месяцев назад
You can use it worldwide
@epihawhanau1086
@epihawhanau1086 24 дня назад
Bitcoin is mac daddy....it was created to cut out the middle man!!!! Being an early adopter in coins...meaning you can buy crypto coins low and by holding them HODL. Buying coins less than 1cent Eg ULX Ultron coins 100 usdt would get you approx 1995 Ulx coins currently 0.05 cents...let's say it has a 311% smart contract investment of 5year maturity what ever the price of that coin will be 1995×311%=6204 Ulx coins If that coin hit $5...that will be $31,022.25 USD....so for the little guys looking at coins or their usability behind them contributes to value of coin It's a matter of DYOR....coin market cap CMC or Coingecko platforms to study coins.... Not financial advice I am merely getting educated in this decentralized system Risk...everything is risk even in life....only put in what you can afford to lose... . It's not a get rich quick system... Education is key people It's unstoppable 🎉❤ Good luck
@RonaldShaneFlynn1963
@RonaldShaneFlynn1963 2 года назад
Awesome! Thank you
@daisystars4903
@daisystars4903 2 года назад
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
@Jayreed4Jesus
@Jayreed4Jesus 4 года назад
This has been the best explained bitcoin video I’ve seen yet. Thank you. Liked and subscribed.
@Shannon_2233
@Shannon_2233 Год назад
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.
@Lanexa
@Lanexa 3 года назад
Thank u for this video ! I’ve been confused lol
@Mike-hz4jp
@Mike-hz4jp 2 года назад
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 года назад
That is also true for the banking system though. In the case of "digital is blown up", everyone will suffer.
@alexroman3682
@alexroman3682 2 года назад
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 года назад
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 года назад
@@power_of_many to create a back up for everything and anything it’s the best investment
@GudMarty
@GudMarty 2 года назад
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
@saeedalshehri4438
@saeedalshehri4438 2 года назад
Very simple and smart explanation 👏
@leahmay1506
@leahmay1506 3 года назад
Very informative! Thank you!
@krrsantan6775
@krrsantan6775 3 года назад
"Don't worry if you know nothing about bit coin, at the end you will still no nothing, but no need to worry about it"
@terrywix6844
@terrywix6844 3 года назад
Learn the different meaning and proper grammar useage of the word no verses now verses know verses canal. Hooefully, you are more confused.
@krrsantan6775
@krrsantan6775 3 года назад
@@terrywix6844 lol, little gramamamamar bitch
@DenelsiaWalker
@DenelsiaWalker Год назад
Awesome. Just finished listening and taking notes. Thank you Nate!
@99Bitcoins
@99Bitcoins Год назад
You are welcome Danelsia
@99Bitcoins-s
@99Bitcoins-s 3 часа назад
Get in touch for more exclusive insights/info and clarification on the upcoming bull run, flare and other airdrops, Bitcoin, XRP pump and more❤️'''
@salimonhabeeb6273
@salimonhabeeb6273 Год назад
Thanks for sharing the knowledge
@JesseMarku
@JesseMarku 4 года назад
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 года назад
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.
@wecandobetter9821
@wecandobetter9821 3 года назад
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 года назад
lol. Try watching again
@Octopussyist
@Octopussyist 3 года назад
@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 года назад
I feel the exact same.
@abdulrashed9119
@abdulrashed9119 3 года назад
@@Octopussyist right!
@danteeep
@danteeep 3 года назад
its an alternative to money with lower costs
@ejeter4710
@ejeter4710 Год назад
Thanks for the info. Am thinking abt purchasing some but am alittle curious to kn first
@AlexisChantal
@AlexisChantal 2 года назад
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 года назад
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
@aceyshari
@aceyshari 3 года назад
wow, I feel so enlightened by this .Thanks for sharing your wisdom and making it easy for my understanding.
@Ana-jj4lw
@Ana-jj4lw Год назад
You are welcome
@DoomSlayersNephew7270
@DoomSlayersNephew7270 4 года назад
I left this video with soooo many more questions than when I started it.
@flexx1313
@flexx1313 4 года назад
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 года назад
Hahaha!!! Lolz!!! i Know Rightz!!...
@ninalopezhurt8390
@ninalopezhurt8390 4 года назад
Same
@jeffreystcharles96
@jeffreystcharles96 4 года назад
Good. Keep learning! 😃
@michaelashidi2018
@michaelashidi2018 4 года назад
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.
@Ajax2solid
@Ajax2solid 2 года назад
Explanation 🙇🏽‍♂️🧘🏽‍♂️👌🏽👌🏽🙏🏽
@nelulusimson3408
@nelulusimson3408 2 года назад
very excellent explanation even someone who's hasn't had about bitcoin he will catch up.
@billsmith8306
@billsmith8306 3 года назад
Outstanding... Thanks.
@natusfreedom472
@natusfreedom472 3 года назад
Love your simplified , explanation of crypto , bravo
@johnedwin8053
@johnedwin8053 2 года назад
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 года назад
Despite the economic crisis and the coin dip,this is still a good time to invest in Bitcoin trade
@lawansani2722
@lawansani2722 2 года назад
It's possible to produce superior performance provided you do something different from the majority
@graemecastles5306
@graemecastles5306 2 года назад
That's an awesome idea,a good trading system would you through many day's of success
@syedali5699
@syedali5699 Год назад
Wow this guy explain everything in one video which i learn in 4 years in a college...
@Potencyfunction
@Potencyfunction Год назад
Is basically introduction by presenting the name and than, comunication on Bitcoin using the 4 P´s and economic language
@99Bitcoins-s
@99Bitcoins-s 2 часа назад
Get in touch for more exclusive insights/info and clarification on the upcoming bull run, flare and other airdrops, Bitcoin, XRP pump and more❤️''
@madamsecretary123
@madamsecretary123 3 года назад
Thanks for taking time to explain but I still don’t understand. You have a new subscriber 🙌🏾.
@99Bitcoins
@99Bitcoins 3 года назад
Thanks for joining us! Your comments and questions help us continue to provide helpful info about cryptocurrencies.
@gypsygirl9
@gypsygirl9 3 года назад
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 года назад
@@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 года назад
@@gypsygirl9 if you don’t understand you can inquire more from professional like myself
@danamalcom4630
@danamalcom4630 3 года назад
I am new to cryptocurrencies such as bitcoin, but I am very interested and curious to start investing in it, although I do feel this is kind of late now. Can anyone tell me what I need to do?
@walterthomas1704
@walterthomas1704 3 года назад
Yes, you can start an investment, There are many reasons to invest in Bitcoin after understanding the market and risks. Investing in Bitcoin is the number one thing one should be doing right now, although there are lots of risks the best way to invest is through cryptocurrency and Forex. There are also organizations that help maintain your interest and protect you from the unnecessary risk which you can't predict on your own.
@jadenhelms9205
@jadenhelms9205 3 года назад
It's not too late to invest. Though cryptocurrencies are getting more volatile. This means you should only invest with companies with professional traders and a guaranteed level of return.
@JMARTIN1947
@JMARTIN1947 3 года назад
Forget crypto. It's an idea, not a product. It is not backed by any security such as gold. It is not backed by a government. Once again, it is only an idea. Buying into crypto now is paying way too much for an idea.
@holmeshoward2409
@holmeshoward2409 3 года назад
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
@bellarose8781
@bellarose8781 3 года назад
@@jadenhelms9205 yeah I got some Bitcoin to sell out making millions
@jennifernelson3940
@jennifernelson3940 2 года назад
Thank you. Very nice
@amg557
@amg557 9 месяцев назад
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 9 месяцев назад
Wow, thank you!
@99Bitcoins-s
@99Bitcoins-s 3 часа назад
Get in touch for more exclusive insights/info and clarification on the upcoming bull run, flare and other airdrops, Bitcoin, XRP pump and more❤️'''
@inhighdefinition
@inhighdefinition 3 года назад
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 2 года назад
LET'S TALK 👆👆💬 Comment appreciated we can communicate through the above contact please$$,
@hopeedge219
@hopeedge219 Год назад
Since I have invested 200.00 in bit coin does that mean I own some Bitcoin?
@natz1122
@natz1122 3 года назад
Clear and a very easy way of explaination..good job..
@frankensteinagyapong6705
@frankensteinagyapong6705 2 года назад
Great teacher
@adisakolawole1138
@adisakolawole1138 2 года назад
awesome, very details, more info pls
@headphonesyt2300
@headphonesyt2300 3 года назад
yaaaay finally, the content that i was looking for
@thomasjackson7785
@thomasjackson7785 3 года назад
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 6 месяцев назад
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.
@AprilCarlson-rm5rq
@AprilCarlson-rm5rq 2 месяца назад
Yes. really good information
@DavidNFT
@DavidNFT 2 года назад
Well formated video
@atomrockerrrr
@atomrockerrrr 4 года назад
Very comprehensive and easy to follow explanation of Bitcoin and money in general. Thank you.
@Lisa.Daviddhhd
@Lisa.Daviddhhd 11 месяцев назад
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?
@joycethomas8868
@joycethomas8868 3 года назад
I trust bitcoin even less after watching this video. Thanks, very informative.
@moatazabdslam4393
@moatazabdslam4393 3 года назад
Why
@ld3336
@ld3336 3 года назад
Whats your logic here? If anything i trust tradicional banking less
@jeffreestar4022
@jeffreestar4022 3 года назад
@@moatazabdslam4393 what is more investing bitcoin or gold?
@amartyaasengupta8187
@amartyaasengupta8187 3 года назад
@@jeffreestar4022 btc is a bit risky unlike gold , but gold gives lesser profit than btc
@clicksave
@clicksave 2 года назад
ngmi
@Monkey_G5
@Monkey_G5 2 года назад
Fantastic explanation, thank you for educating me.
@clashofclans_bj1812
@clashofclans_bj1812 3 года назад
This was EXTREMELY helpful. Thanks 👍
@aldozs
@aldozs 3 года назад
Thanks a lot. Even for me a non-native English user was clear. Cant wait to see more.
@jessicabunnie2466
@jessicabunnie2466 3 года назад
PM me
@omphemetsemoalosi1012
@omphemetsemoalosi1012 2 года назад
very interesting! 👏🏾👏🏾👏🏾
@SOUTHSIDESLIDERZZ
@SOUTHSIDESLIDERZZ 2 года назад
Iluv Bitcoin and thanks for the upload to the basic understanding digital currency Bitcoin
@MSFPlayer-qu4ub
@MSFPlayer-qu4ub 3 года назад
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 года назад
@Marcus Geiger I have earn great profit while trading with this information and also backed my it up, Subscribe for morn info
@hohenheimoflightorseth7157
@hohenheimoflightorseth7157 2 года назад
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.
@09233kkkk
@09233kkkk 2 года назад
Understood a bit thanks for explanation
@adarshsen
@adarshsen 2 года назад
neat and simple♥️🙏
@saikiranpandilla6329
@saikiranpandilla6329 3 года назад
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 года назад
Thankyou so much! 😅
@poche2521
@poche2521 3 года назад
👏 amazing
@mos.83
@mos.83 3 года назад
Thank you 😊
@Zuffiee
@Zuffiee 3 года назад
2 pizzas 10k bitcoins, damn that guy is killing himself.
@thomasdownes9863
@thomasdownes9863 3 года назад
Yeah pretty sure those pizzas have lost their value
@Slothanacoin007
@Slothanacoin007 3 года назад
DENT Now 250 times lower from its previous ATH, Sleeping Gem 1dolar is our Target 2021 !!!
@oki_0074
@oki_0074 3 года назад
He must be on Twilight Zone Now 🤪
@tmuldoon7
@tmuldoon7 3 года назад
Now worth over 570,000,000
@miamibeachflorida1461
@miamibeachflorida1461 3 года назад
@@Slothanacoin007 That’s the attitude I like When the all time low hits we’re going like mad dogs
@reginaldlatten215
@reginaldlatten215 2 года назад
I learned a lot. Number 14
@brogamal
@brogamal 2 года назад
very very excellent video.
@99Bitcoins-s
@99Bitcoins-s 2 часа назад
Get in touch for more exclusive insights/info and clarification on the upcoming bull run, flare and other airdrops, Bitcoin, XRP pump and more❤️'""
@JOlivo94
@JOlivo94 3 года назад
This guy could explain to me the ratio of leprechauns to unicorns and I would believe him.
@yokotraderx1548
@yokotraderx1548 3 года назад
thanks so much if anyone didn't understand please listen again and again this is well explained...
@chukwunochiejohn8376
@chukwunochiejohn8376 7 месяцев назад
Pls my friend am new beginner, I want u to guard me on it pls
@crazyfootball5527
@crazyfootball5527 2 года назад
I understood everything he said this was so easy to understand thanks so much for the information!
@AnotherSWnerd
@AnotherSWnerd Год назад
This is actually amazing. I feel like all the hate comes from the everyday person who simply doesn't understand what bitcoin means
@Jack-hy1zq
@Jack-hy1zq Год назад
I think, as an absolute novice, that the emotion I'm feeling is frustration, not hatred. I'm frustrated that, although I'm getting a clearer understanding of the bitcoin concept, I'm still a long way off being able to actually get started; to start taking part. I'll keep watching and learning. If I could afford an in-person mentor, I would hire them immediately.
@99Bitcoins-s
@99Bitcoins-s 2 часа назад
Get in touch for more exclusive insights/info and clarification on the upcoming bull run, flare and other airdrops, Bitcoin, XRP pump and more❤️''"
@TheLugiaSong
@TheLugiaSong 4 года назад
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.
@romanperone1237
@romanperone1237 3 года назад
I have watched a lot of explanatory videos on crypto, this is the most informative. Well done and thank you!
@royfearn4345
@royfearn4345 3 года назад
And STILL I don't get it. We should have stayed with the gold standard. Or gone back to bartering?
@kleinhandsome4928
@kleinhandsome4928 3 года назад
@@royfearn4345 😂 nah
@amartyaasengupta8187
@amartyaasengupta8187 3 года назад
@@royfearn4345 that’s …a lot time consuming and stupid .And gold i’d decreasing day by day so ya there u go
@amartyaasengupta8187
@amartyaasengupta8187 3 года назад
@@royfearn4345 and if palace currency has worked so will btc imo
@TheMoon
@TheMoon 2 года назад
Solid video, engaging from the beginning to the end. Crypto will make more people financially independent than any other asset class in history. Bitcoin is still the most fundamentally sound asset in the world
@moseskiguru9913
@moseskiguru9913 Год назад
Which app are u using
@dracolnyte
@dracolnyte 2 года назад
love your explanation, found what I needed and exactly what i thought
@inspireus6033
@inspireus6033 2 года назад
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.?
@tasha911
@tasha911 Год назад
Hello
@georgestill2473
@georgestill2473 3 года назад
The pizza part, I paused the video and think about my life choices....looked up at the sky and shake my head, than I came back to finish this video 😔
@bitcoinliz7726
@bitcoinliz7726 3 года назад
HELLO
@sundayokoyechrostian5798
@sundayokoyechrostian5798 3 года назад
@@bitcoinliz7726 HELLO
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