Bitcoins explained youtube
Fun, informative and concise episodes by a year old, breaking down complex financial concepts in a way that kids and beginners can understand. Episodes cover personal finance topics like saving, investing, banking, credit cards, insurance, real estate, mortgage, retirement planning, k, stocks, bonds, income tax, and more, and are in the form of a conversation between a cowboy a finance novice and his friend, a stock broker. Making finance your friend, only at Easy Peasy Finance. A little bit about me: I have been fascinated with the world of personal finance since I was 6! I love to read personal finance books, and keep myself updated on the latest by reading various personal finance magazines.
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What is Bitcoin?
Baby Steps Millionaires available now! Even so, investors have been looking for ways to make money on Bitcoin since it was created in Businesses are jumping on the Bitcoin bandwagon too, with more than one-third of small- and medium-sized businesses accepting it as payment.
Even Wikipedia takes donations in bitcoin. So, is bitcoin just another get-rich-quick scheme or a legit investment worthy of your hard-earned cash? Bitcoin is the most widely known type of cryptocurrency —aka digital money. There are no bills to print or coins to make. Like gold, bitcoins are worth what people are willing to pay or exchange for them. They pay electronically using a computer or mobile app, sort of like sending money via PayPal.
So why is Bitcoin such a buzzword? In , Bitcoin began building credibility when a large financial firm created a futures exchange for the currency. Futures contracts obligate a buyer or seller to buy or sell a certain type and amount of an asset like gold at a certain price. Depending on what people are willing to pay for these assets, futures contracts help determine the value of the asset. The Bitcoin futures exchange allowed investors to participate in the rise and fall of its value without actually having to buy the currency.
If you are willing to take on the risk, you only need a digital currency account, like Coinbase, CEX. IO or Kraken to purchase a bitcoin. PayPal also allows its users to buy, hold and sell bitcoins. These accounts act as a digital wallet—just upload your information and money and you can buy bitcoins. The process is actually scarily easy. Mining is the only way new bitcoins are released. This is a weird, not to mention uncertain, payment agreement —especially when you think about the vast brain and computing power it takes to mine bitcoins.
Bitcoin is worth whatever buyers are willing to pay. This is another huge risk that comes with the cryptocurrency world. In July , a bitcoin was only worth eight cents. Then, in , the bitcoin roller coaster started trending up again.
The biggest and most obvious risk of investing in bitcoin is its volatility. And based on the past performance and volatility it most likely will. We're interested in long-term compound growth that builds real wealth for your retirement dreams. No one knows who he or she really is. Your family and your retirement are too important.
Build your wealth slow and steady by investing in mutual funds with a history of strong performance. After you talk to your investing professional about your mutual fund investments and get that all squared away, ask them about the best way to invest in your financial future. That way your retirement is secure, and you might choose to participate in other new ways to invest. Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since Millions of people have used our financial advice through 22 books including 12 national bestsellers published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners.
Guided Plans. Trusted Pros. Free Tools. What Is Bitcoin? Craft a harder-working money plan with a trusted financial pro. About the author Ramsey Solutions. More Articles From Ramsey Solutions. Ramsey Solutions. Thank you! Your guide is on its way. Get help from a SmartVestor Pro today.
Can you explain bitcoin in a 2-minute video?
T-Series music label is all set to experiment with the new-age sectors of non-fungible tokens NFTs and the metaverse. The Hefty metaverse will be supported by Polygon blockchain, which also backs Ethereum scaling and infrastructure development. Both T-Series and Hungama Digital aim to become early adapters of the changes that will mold how people will consume content in the times to come. As part of the deal, Hungama will be creating NFTs from the vast catalogue of new and existing content parented by T-Series.
NFTs, explained
Days after a massive security breach on Twitter, where hackers accessed several verified accounts , something similar happened on YouTube. The channel that was hacked is a second account where the YouTuber usually holds livestreams while gaming, and reviews gadgets. It has over 6 million subscribers. His main channel CarryMinati has more than 24 million subscribers. The hacker changed the description of the YouTube video and other details related to the accounts for donation and a message pops up asking for bitcoin instead. YouTube responded saying sorry that the unfortunate thing happened and asked for the conversation to be moved to direct messages. Mind following us so we can continue with next steps over DM? Taking to Instagram, he informed his 9. Several Twitter users and fans of the YouTuber reacted to the hacking of the channel warning him and others not to fall for the scam and donate to the link. CarryMinati carryminati YouTube channel carryislive has been hacked and a live video still streaming.
Cryptocurrency
One question frequently asked by newcomers and even long-time cryptocurrency users regards canceling a transaction. With fiat currency, canceling a transaction isn't always easy, but it can be done through some format in most cases. With crypto, things are different. Once you hit send in your cryptocurrency wallet, the transaction is released to the blockchain, waiting for miners to confirm your transaction. No, you cannot cancel a crypto transaction.
Bitcoin: What is it?
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Not just investors, Bitcoin price fall tests Crypto miners too
Scaramucci was previously a critic of cryptocurrencies but has since changed his mind on digital assets. Now, SkyBridge Capital manages funds that invest directly into Bitcoin and cryptocurrency companies. Now, SkyBridge Capital manages funds that invest directly into Bitcoin and Market Analysis The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined — no pun intended — as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.
Three Ways Bitcoin Is Like Regular Currency
The cryptocurrency was invented in by an unknown person or group of people using the name Satoshi Nakamoto. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
What It’s Like to (Almost) Become a Cryptocurrency Millionaire
RELATED VIDEO: How Cryptocurrency ACTUALLY works.I am writing this to clarify what I think of Bitcoin. Please pay attention to what I am saying here and not what those in the media are saying I said because this is reliable. I am finding that those who want to promote Bitcoin which is most people are characterizing it one way while those who are against it which are a few scared souls cowering in a corner are characterizing it another way. As with most things I comment on, the reality has pros and cons and I am trying to be as accurate as possible to communicate what I understand these to be. Still, people demand my non-expert assessment of Bitcoin and clarifications in my own words are better than distortions in the media so here it goes, presented with the warning not to rely on it. The only thing I ask of you is that you read what I wrote here rather than pay attention to the sound bites in the media.
Admin 1 week ago Technology Leave a comment 62 Views. According to the platform, the content does not violate the terms of service. Trying to silence Bitcoin? The giant of internet videos, YouTube, indefinitely closed the LaBitConf channel, one of the most important events on the first cryptocurrency of the bitcoiner community. They criticized that the appeals that have been made have not been answered by YouTube. What is this censorship really about?
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