Explain Crypto To COMPLETE Beginners: Coin Bureau Guide!!

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📺Essential Videos📺

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- TIMESTAMPS -
0:00 Intro
2:11 Cryptocurrency 101
6:08 Questions About Bitcoin, Dogecoin, Ethereum, etc.
9:15 Cryptocurrency Safety & Criminal Use Concerns
13:15 Explaining Cryptocurrency Price & Value
17:38 “Which Cryptocurrencies Should I Buy?”
21:32 Conclusion

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⛓️ 🔗 Useful Links 🔗 ⛓️

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👨‍🏫Cryptocurrency 101👨‍🏫

Put simply, cryptocurrencies are like regular currencies except they’re entirely digital. Each individual cryptocurrency coin is fundamentally just a collection of numbers and letters

This sounds complicated, but it’s actually not far off from what we see with currencies today. Bills have serial numbers, and bank accounts have account numbers

Cryptocurrencies are basically like serial numbers without the physical bill, and cryptocurrency wallets are like bank account numbers without your name attached to them

Instead of the bank or government keeping track of your wallet balance, this is done by computers that connect to a cryptocurrency network to process transactions and earn cryptocurrency for doing so

🙋‍♂‍Questions About Bitcoin, Dogecoin, Ethereum etc.🙋‍♂‍

Broadly speaking there are two types of cryptocurrencies: coins and tokens. Cryptocurrency coins belong to cryptocurrency networks that were built from the ground up

Because cryptocurrency networks are so hard to make from scratch, only a few dozen cryptocurrencies are actually coins. The rest are cryptocurrency tokens

The most important thing to remember about cryptocurrency tokens is that a lot of them are nothing more than scams. This is primarily because cryptocurrency tokens are so easy to create

⚖Cryptocurrency Safety And Criminal Use Concerns⚖

For starters, not all cryptocurrencies are created equal. Some cryptocurrencies are built to prioritize speed over security, and usually the consequences of that play out quite quickly

When it comes to the criminal activities, it is true that ransom demands made by hackers often involve some kind of cryptocurrency. However, these cryptocurrencies always get swapped to privacy coins

💰Explaining Cryptocurrency Price And Value💰

Bitcoin has value because its BTC coin has an economic profile to gold. It has a maximum supply and only a small amount of BTC is created each day, and that amount is cut in half every 4 years

Cryptocurrencies like Ethereum’s ETH have value because they are required to pay for the transaction fees associated with minting and moving tokens as well as using decentralized applications

🤑“Okay, Which Cryptocurrencies Should I Buy?”🤑

Before you answer that question, you must remember to emphasize that nothing you tell them is financial or investment advice

Which cryptocurrencies you decide to invest in boils down to your timeline and risk tolerance. Make sure not to mix up market cap with price potential, and always do your own research.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome

#Bitcoin #crypto #guide #explain #blockchain #teach #noobs

[JadwigaMusch]

For the newbie if you are actually trading in the crypto space and you don't have a sound mentor. Then you are certainly going to get liquidated in 90% of your trades. Yeah that's the sad truth. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I have lost a lot trading all by myself without a guide. Got back into crypto early in 2023 with $10k and I’m up with $128k in a short period of time.

[blaquopaque]

Crypto users could top 1B by the end of 2023 as nations continue to adopt Bitcoin. Buy the dip, and HODL for the long term. Bitcoin ALWAYS comes back.

[josefinacazaresavina]

Thanks to Crypto Fearless Books, I no longer feel overwhelmed by the complexities of crypto trading.

[charleskaren]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[mellisamyers]

*Im 41 already and I already have a portfolio good enough to take care of my grandkids, don’t give yourself excuses, start now*

[ahmettemelofficall]

When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said...I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss *REAL SOURCE INVESTMENT* is my REDEMPTION

[MichelleRubioarriaga]

Thank you for sharing your expertise and experience in this video. Thank you to the creators of this page for curating such a valuable collection of resources, with Crypto Fearless Books leading the charge in empowering traders to conquer their fears

[anthonymilner]

Becoming a good trade takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.

[RachelStar]

A terrible thing happened yesterday at my college. Some dude who was thought to have that caba document
was beaten up by some group of guys because he didn't want to give them the document. However,
those guys broke into his house 2 days later and threatened to burn his house down if he didn't
give them the document. He was forced to give them the document. The next day, all those guys were
found dead in a tunnel near our college. We are all in shock.

[cristinadavies]

In 2019, people have realized there isn't going to be one crypto to rule them all. You're seeing vertical solutions where XRP is focused on payment problems, Ethereum is focused on smart contracts, and increasingly, bitcoin is a store of value. Those aren't competitive. In fact, I want bitcoin and Ethereum to be successful.

[shccfqx]

Your video has given me a newfound sense of confidence in tackling this. Thank you for the empowerment.This page serves as a testament to the credibility of Crypto Fearless Books, highlighting its status as a mustread for anyone serious about mastering the art of crypto trading

[marcosantoniocordovaulin]

I'm grateful for the actionable tips you've shared in this video. The testimonials featured on this page speak volumes about the impact Crypto Fearless Books has had on traders worldwide—I'm excited to join the ranks of satisfied readers!

[janetlindahope]

Bitcoin and other cryptocurrencies are a form of money that's a stable field that the government can't destroy and can't distort. Because its creation is governed by the laws of mathematics. It can't happen any faster or slower than a certain rate, and it all sort of self-adjusts.

[StackEBK]

Active income is the income you work for and requires lots of your time but passive income is the income you make in your sleep. Passive is the

[emilybrown]

Fed reserve and the treasury is not bothered about stock capital market. They are more concerned about the treasury bond market. They fear the bond market may become dysfunctional and illiquid. Bond yields are one of the important parameter that influences stock market. All stock pundits fail to mention how the bond yields influence stock market. My main concern now is how we are going to achieve all of that given that the market has been a mess for most of the year. I already lost $23, 000

[darianmthembu]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[bruceytran]

Dude, I watched the market for hours yesterday just to confirm this whole video and i was mind blown by how simple it was..

[jasonriveiro]

Getting rich is easy if you understand the little basics involved, and one of the simple basics is getting multiple income streams. I'm rich today because I was involved in different income streams like real estate, stocks, crypto and more.

[savannaliwanu]

Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life

[alvinvesincaplarsarki]

Its never a late time to start from somewhere, I really admire the young ones out there today making smart moves for the future, see tips