How Cryptocurrencies Actually Work: Bitcoin Explained

Confused about the world of cryptocurrency? You're not alone. What exactly is Bitcoin, and how does it actually work? Join Michael Aranda as he explains the benefits and dangers of crypto in a new episode of SciShow!

Special Thanks: Dalton Hubble

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Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi
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[zeezacolefyyp]

Is there an optimal strategy for someone with around $500, or even less, to begin trading cryptocurrencies today?

[AliceAnderson-inet]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[noahholm]

As a complete beginner, I am amazed that you've made this video available for free. You explain everything so well. but I'm still confused about why Bitcoin and crypto prices keep dropping. This drop follows several other significant drops in recent weeks. I still hold enormous value in cryptos and it scares me. What's your talk on this?

[AmbroseSinclair-ynrl]

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

[dnaielbruhl]

Excellent Cryptonaire course! I now have a core understanding of trading & investing in Cryptocurrencies. Thank you Mr Paulson Dmitriev. He explain it all so in depth, even for the advanced users. So no matter your experience there’s always something you can learn!

[calebcliftonmastersefyroth]

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 most look outward if you wanna be successful in life.

[davinamorris]

I remember walking by a bunch of people selling Bitcoins in Manhattan 6 years ago. If I knew I would have bought it just for fun but I didnt have any money 😭 😢. This was 2015

[AXFEP]

Finally someone who is willing to teach us younger guys instead of pushing some bs course on us. Appreciate it!

[yusufburak]

*Real source investment* doesn’t follow the rules of normal sites out there and this is what makes their ROIs very intriguing, full love from me

[joy-lw]

I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it's gaining more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 7.2Biitcoin to a decent 26.4Biitcoin. At the heart of this evolution is Craig Reeder, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. His holistic approach to investment and commitment to staying abreast of market trends make him an invaluable ally in navigating this new era in cryptocurrency investment....

[adamswhite]

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

[maxwelljude]

WHEN YOU INVEST YOU'RE BUYING A DAY YOU DON'T HAVE TO WORK.

[sebnemallahverdi]

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

[chrispaul]

To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?!

[JimmyA.Alvarez]

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

[benedyktnowicki]

Nice Content You have here on this Channel, I've been following your videos, but I still don't have a knowledge on how to trade on Cryptocurrency

[davefranco]

If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key.

[stevenpaul]

Never knew cryptocurrencys could be so challenging! Kept running back to these YouTube videos to learn more about this your video is indeed helpful.

[madlindowell]

HONESTLY, 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 ?

[wileycal]

I have been watching some videos and I was thinking about investing in bitcoin or forex, but still don't know where to start from, any recommendation?