Bitcoin: The Future, or World's Greatest Scam?

In April 2021 a single Bitcoin was worth over $60,000. But is Bitcoin the future? Or just one giant elaborate scam…?

It’s time we investigate Bitcoin, and the rise of cryptocurrencies.

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Bitcoin first began when a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” began to circulate on a cryptography mailing list.

The white paper was signed by an individual going by the pseudonym of Satoshi Nakamoto. And to this date, Nakamoto’s identity has still not been entirely confirmed.
In 2009, Satoshi Nakamoto “mined” the very first block on the Bitcoin blockchain and set into motion a series of events that would lead to the cryptocurrency’s current fame and status.

But I know what you might be thinking:

What even is Bitcoin? What is blockchain? What is “mining”? What is a cryptocurrency? Why was Bitcoin even created? Does Bitcoin even have any value? And how could this “Bitcoin” be worth tens of thousands of dollars? Is it all just a massive scam?

The debate surrounding Bitcoin is vast, and there’s no shortage of opinions on the subject. In this series we’ll attempt to dissect the history and motivations behind the cryptocurrency’s creation, as well as the big debate on the topic.

We’ll try to answer the question of whether Bitcoin truly is worth something, or whether the investments that have been put into Bitcoin are nothing but pure speculation.

In this first part we will also dive into the technicalities of what “blockchain technology” actually is, how it works, and why it’s so important.

If you’ve heard of an “NFT” then this will also be very important in understanding they are as well. NFT’s are also operating on “blockchain” technology.

This series isn’t going to focus too much on the investment side of Bitcoin – whilst that still plays a role in the story, we’re more focused on the motivations and the debate on the topic.

However, I do believe that by understanding WHAT you are investing in, you shape yourself up for a much better financial decision than just blindly following FOMO and potentially risking your hard-earned money.

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All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement is intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact me via my email in the "about" page on my channel.

AFFILIATE DISCLOSURE: there may be a few links in this description that, at no cost to you, will earn me a commission if you choose to click them and make a purchase 🙂
Don’t worry – I only ever promote things that have genuinely helped me.

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Prologue - 00:00
Chapter I: In Fiat We Trust – 2:16
Chapter II: Magic Internet Money – 7:01
Chapter III: The Impossible Rise – 11:35
Chapter IV: Institutions - 17:16
Conclusion - 19:17

[Danygotaworldtosee]

Last time I was that early james had 2000 subs. Great content. 1Mil in a few months 👍

[QueenOfBrokenStone]

The amount of bots in the comments recommending all kinds of "professionals" really don't make me trust Bitcoin more...

[Helfriedbittner]

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Alex Heinz's valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!

[sanderdejong]

Good video. Unfortunately it attracts lots of crypto spam bots 😢

[InvestwithHenry]

Another rocket from James. The knowledge gained is better than my finance class in college.

[JamesJani]

► 👇 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐓𝐡𝐞 𝐂𝐡𝐚𝐧𝐧𝐞𝐥 // 𝐁𝐞𝐜𝐨𝐦𝐞 𝐀 𝐏𝐚𝐭𝐫𝐨𝐧!

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Update: Tesla is now no longer accepting Bitcoins as payment for car purchases due to environmental concerns.

[andersonwhales]

Now is the best time to purchase and invest in bitcoin, stop procrastinating.

[eduardomarquee]

Never stop dreaming. Be hungry and never stop believing in your dreams. If someone can do it, you can do it. Be strong

[amitabhmishra]

11:02 James saying, "10 Dollar is same as price of 2 coffees", me who's from 3rd World country, "Pardon, the fuck".

[paristonhill]

Your channel is growing faster than Bitcoin.

[ryanwilliams]

Drawing from my own experience in the crypto realm, I believe that predicting the current market as a trader might not be straightforward. It's a complex environment, and only a seasoned expert with years of experience could effectively guide you in growing your portfolio. Following the crash last year, I personally turned to the assistance of an advisor to navigate the situation.

[patrickgregory]

Successful people don't become that way overnight. What most people see as wealth, a great career, purpose is the result of hard work. 🤑🤑

[PBoyle]

Another Great Video. Your content keeps getting better!

[meinwarcrafttagebuch]

When talking about Bitcoin, many talk about how it technically works, but to understand Bitcoin it is nessesery to understand that is is basically placing a bet against the state monetary system or against the central banks. Buying Bitcoin at it's core means that you think that the central banks money system will crash before Bitcoin crashes. There are good arguments that a Bitcoin will live longer than a Dollar, Euro, Yen, Pound or whatever, but there are also a lot of reasons against. In the end it is a bet NOT an investment!

[thereamintle]

An investment in knowledge pays the best interest."

[tasin]

I just felt serious pain for the guy who traded 10000 Bitcoins for 2 Pizzas.

[CryptoNWO]

Absolutely wonderful video, thank you for this.

[ikiwarno]

Bitcoin is one of the things I'm not afraid of missing out on.

[richardmaxwell]

Hey
I actually did invest with her i made huge profit thanks for the recommendation

[Exil]

Your videos have been the best on the platform for a while, and this video is proof that you're still the GOAT. Amazing work James. You're an inspiration to all other creators like me.