What is Bitcoin? Bitcoin Explained Simply

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

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See anything we haven't covered? Leave us a comment in the comment section below

[Bitcoins]

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 🙏🏻🙏🏻🙏🏻

[AmbroseSinclair-ynrl]

What is the best strategy to succeed in the market now for someone with more or less than $3k

[GoodTheresa]

I want to buy some BTC and trade, need help

[kenisha-csbq]

I’m looking for a way to automate my Solana token purchases. Any suggestions?

[northshorehighlanders]

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.

[Bulldog]

Maybe I should watch this again when I'm not drinkin'.

[djunyeyes]

Me before the video: yeahhh i will finally have an idea about bitcoin

Me after the video: danm i still dont get it

[GiovanniM]

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.
..

[luciannreal]

I believe Qardcoin token will go 100x after launch on Binance

[tigerbalm]

Finished watching the video and I only have one question…what is Bitcoin?

[carolyngarcia]

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.

[johnedwin]

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

[bobbygunz]

agree bitcoin will ascend to the capital throne no matter what happens to the economy!

[paradiselivinginpurpose]

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*

[PelikeMaia]

At the end of this video, i can safely say....im still in the 99% of the population..who are clueless.

[kenrick]

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

[MarkRichard-vboq]

I'm new to stock market /Crypto and would like to invest but I've go no idea on how to make good profits. Pls what's the best approach you'd recommend?

[kentonnash]

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

[saikiranpandilla]

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.

[cidagrande]

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! 💰🚀