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What is Bitcoin? Bitcoin Explained Simply for Dummies

Start trading Bitcoin and cryptocurrency here: https://bit.ly/2IrMSEa Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see. Bitcoin gives you complete control over your money, unlike other assets you own which are regulated by banks and governments. As bitcoin gains more popularity, more and more places accept it as a payment method. That's Bitcoin in a nutshell. For the complete simple explanation watch this video, here's what I'll cover: 0:50 - What is money? 3:10 - Fiat money 3:43 - Fiat money drawbacks 4:25 - Digital money 5:34 - Centralized money issues 7:21 - Enter Bitcoin 7:44 - Bitcoin is transparent 9:13 - Bitcoin is decentralized 9:35 - Bitcoin is digital 9:56 - Why is Bitcoin such big news? 11:45 - Who accepts Bitcoin? 12:05 - Conclusion For the complete text guide visit: http://bit.ly/2C2zT6e Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: http://bit.ly/2BVbxeF Get the latest news and prices on your phone: iOS - https://apple.co/2yf02LJ Android - http://bit.ly/2NrMVw2 See anything we haven't covered? Leave us a comment in the comment section below
Category Documentaries
Added by Bling King on Tuesday, January 19, 2021
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