Ought to I purchase cryptocurrency now? On this video, I will be sharing my why i put money into cryptocurrencies in 2020. Whereas I do not personally commerce cryptocurrencies, I do take into account myself a cryptocurrency investor. I consider that it is vital to know the basics about Bitcoin, blockchain, and cryptocurrencies first earlier than placing any cash into them.
That is a simple information to blockchain and bitcoin for college students and rookies. Earlier than we speak about crypto, we’ll first want to know what cash is. Understanding cash can assist us perceive why Bitcoin was created and why it has worth. We’ll additionally discuss in regards to the know-how behind Bitcoin: Blockchain Know-how. You’ll be able to’t actually speak about one with out speaking in regards to the different. We’ll additionally briefly speak about Ethereum and the why there are loads of crypto tasks. By the tip of this video, hopefully you will perceive why I put money into cryptocurrency. Hopefully, this video guides you on whether or not you should purchase or put money into crypto.
Blockchain know-how has loads of potential functions. Bitcoin is the appliance of blockchain know-how within the finance business. This revolutionary know-how may also be utilized to healthcare, actual property, provide chain… the probabilities are infinite! Consider blockchain as a one large decentralized pocket book. Every web page or “block” has an inventory of transactions on the community, and all of those blocks are related to at least one one other. This know-how permits us to commerce with each other with out the necessity for a third-party or an establishment to assist maintain our transactions protected.
Moreover Bitcoin, there are lots extra crypto tasks on the market. Ethereum is the second largest cryptocurrency, however in contrast to Bitcoin, it isn’t meant to operate as digital cash. It is a platform the place individuals can create decentralized functions (DApps). Consider cryptos as particular person firms. Study extra about what they’re attempting to attain earlier than investing in them.
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00:00 Intro, Featured Feedback
03:32 Avoiding Scams
05:55 What’s cash?
08:05 What’s Blockchain Know-how?
12:50 What’s Bitcoin?
14:28 Ethereum and different Altcoins
16:28 Why I put money into cryptocurrencies
Why I Put money into Crypto 2020 | Blockchain and Bitcoin for Learners Philippines
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