What Is Bitcoin & How Does It Work? [Bitcoin Explained For Dummies & Beginners]





Ver Vídeo: What Is Bitcoin & How Does It Work? [Bitcoin Explained For Dummies & Beginners]

What Is Bitcoin?

Originally an alternative to typical fiat currency Bitcoin is now widely traded through various exchanges. The systems in place enable payments to be sent between users without passing through a central authority, such as a bank or payment gateway.

Bitcoin explained 2022

It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using generally free software.

Digital Currency

There are now many cryptocurrency options for investors. The most common being Bitcoin, Litecoin, Ripple and Ethereum.

Should you invest in Bitcoin?

We are currently close to bitcoin halving (due in May 2022) and it will be interesting to see if this has any impact on price. Regardless in Part 2 of the video I explain some important reasons why Bitcoin has gone up in value so much over the last 10 years and why when looking for risk reward trade and investment setups cryptocurrency must not be ignored.

Bitcoin For Dummies

In this part 1 video I explain Bitcoin basics so you can understand exactly why Bitcoin and other cryptocurrencies are such a big deal.

Bitcoin For Beginners 2022

If you are knew then make sure you understand some of the basics about Bitcoin. You do not really need to understand Bitcoin mining and blockchains however some of the basics are vital if you are considering investing in bitcoin in 2022. We could see a huge move in bitcoin and my bitcoin forecast video is coming various soon so stay tuned and subscribe to the channel if you are new!

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