Bitcoin Cryptocurrency For Beginners 2024

A beginners guide to investing in bitcoin.

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Bitcoin has been one of the most talked about investments over the past couple of years. It’s made a lot of people rich, but guess what it’s also made quite a few people poor. The reason being is because they’re uneducated about the investment that they’ve made.

And that’s the whole point of this video, I want to give a beginners guide to bitcoin so that you’re actually educated before you choose to make the investment. Or not choose to…

We’re going to go over the 4 key questions related to bitcoin in this video.

1. What Is Bitcoin & What Makes It So Powerful?
2. Is Bitcoin Going To Be The Future Adopted Cryptocurrency?
3. How Do We Go About Investing In Bitcoin?
4. Is Bitcoin Actually A Smart Investment To Make? Can I earn a lot of money here, or am just going to lose it? What’s the story?...

So Bitcoin is the biggest form of cryptocurrency. It’s the most well known and it’s the one that’s been the most adopted.

Now to understand cryptocurrency you first need to understand what money is. Money, is just an agreed upon store of value accepted by everyone as a form of payment.

Money in itself doesn’t actually have any value. Back in the day you could have exchanged money for gold. However today money is not backed by anything. The only thing that makes money valuable is the fact that we’ve all agreed and accepted it as a form of payment.

Now, the problem with money is that first it’s centralized. It’s controlled by the government & the central bank. This means with the dollar or any other currency your entirely at the whim of their choices.

If they choose to constantly print money (which is what they’re doing) and devalue it, you don’t really have a say. Your hard earned money in the bank get’s eaten away by inflation and worth less.

Another problem is if you choose to send money overseas you get hit with exchange fees, and exchange rates. If you choose to make transactions again you’re often hit with more fees. The great thing about a cryptocurrency like bitcoin is it solves all of these problems…

First is it’s not centralized. It’s decentralized. You don’t just have to rely on one central banks ledger of keeping track of everyone’s money, which none of us can see, Bitcoin every computer that participates in the system keeps a copy of the ledger. So it’s basically impossible to take down the system because you’ll have to take down thousands of computers who keep a copy of the ledger.

So it’s safer, everyone can see it (transparent), not one central authority has control over it, and arguably the most important is it’s protected against inflation. With bitcoin there’s only 21 million total coins in the system so you can’t print more and devalue it.

So you look at all of the problems that is associated with currency (fiat money) and cryptocurrency solves all of it. But that brings us on to this question…

Is Bitcoin Going To Be The Future Adopted Cryptocurrency?

What normally happens with a currency or just business in general is one normally rises to the top and takes all of the market share. For example with search engines you don’t know Cuil, AltaVista, Infoseek or AlltheWeb no you only know google.

You don’t use live journal, Friendster, or myspace, you use Facebook.
One thing dominates the entire sector. And that’s most likely what will happen with cryptocurrency. So the question is will bitcoin be the cryptocurrency of the internet, the one that rises to the top?

The answer is that it most likely will be, at least it’s leading the race. This is what Jack Dorsey the CEO of twitter said about it.

"The internet is something that is consensus-driven and is built by everyone, and anyone can change the course of it. Bitcoin has the same patterns, it was built on the internet,".
"I think the internet wants a native currency and I think bitcoin is probably the best manifestation of that so far,".

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DISCLAIMER: It's important to note that I am not a financial adviser and you should do your own research when picking stocks to invest in. This video was made for educational and entertainment purposes only. Consult your financial adviser. * Some of the links on this webpage are affiliate links. This means at no additional cost to you, we earn a commission if you click through and make a purchase and/or subscribe. This has no impact on my opinions, facts or style of video.

[thecooperacademy]

(p.s. watch out, there are a lot of bad actors in the comment section)

[endareilly]

The truth is, Bitcoin investments can yield substantial rewards and add diversification to your portfolio, they involve significant risks and demand a solid understanding of the market. As a newcomer, it's crucial to conduct thorough research and consider consulting financial professionals before investing.

[CristosBurrows]

The problem we have is because Most people always taught that " you only need a good job to
become rich. These billionaires are operating on a whole other playbook that many don't even know exists

[montserratnevaeh]

We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.

[carmendior]

What is the best strategy to enter crypto trading now for someone with more or less than $12, 000

[AvaBennett-pldc]

Hey, I want to start investing but don't know where to begin. Any advice or contacts for help?

[RichardSerra-pg]

Crypto is risky as many would say but I think the actual risk in Crypto is not investing. Basically, I just made my first $300, 000 in crypto market and I barely don't know how to express how happy and excited I am right now..

[CharlotteNatalie-rtgj]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[KarlDeftanso]

What is the best strategy to enter crypto trading now for someone with more or less than $12, 000

[EdwardRMoura]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have about $700k amount of capital to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

[WernerCannon]

As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Donna Mikalonis’ insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings and managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!

[Ashley__]

I 😇recommend a professional stock/crypto broker to you guys sometime ago, can I get person who invested with her
Comment below

[adamkoke]

Nice video as always but here is my problem I have been making losses trying to make profit tradng. I thought tradng demo account is just like tradng the real market... can anyone help me out or at least advise me on what to do?

[MagdalenaHedlund]

Great video and very straightforward. I don't see any other perfect time for one to invest in crypto and trade than now. I don’t think that buy and hold is a valid investment strategy anymore but trading is worth it and you make more money when you trade correctly. just made my first $100, 000 in crypto and I barely know how to express how happy and excited I am right now. Its all about knowing what strategy to apply and when.

[VanessaSophia-oqoo]

Nice video. Can you offer advice on how to make profits in Bitcoin or Forex investments? I've been dealing with continuous losses in my account.

[habibaesma]

Hello I'm new to bitcoin trade and i have been making few loses, but recently i see a lot of people earning from it, can someone please give me a new strategy or at least tell me what I'm doing wrong?

[PhilMorris-fnlq]

I'm thinking of getting into investing but feel a bit lost. Any friendly advice or contacts you recommend for guidance?

[nyxehxt]

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…..I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED….. CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG?

[wilsonariana]

hey guys, I don't know anything about the market and I'm looking to invest, any help? As well who can I reach out to?

[Natalieneptune]

Putting well-earned money into the crypto market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.