Name: Bitcoin for Beginners (2022)
Uploaded: 2022-05-02T13:59:35.000Z
Duration: 23 min 23 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of manner

Now, you've probably heard the word Bitcoin floating around.

You might've seen that Tesla has bought $1.5 billion worth

of Bitcoin and is gonna start accepting it as payment.

of all these weird things called a Dogecoin

to the world of Bitcoin and cryptocurrencies.

It's the introduction that I wish I would have

had when I started investing in crypto about four years ago.

And it's the video that I wanna be able to send

So this video, which is for informational purposes only

and should absolutely not be construed as financial advice.

In the slightest, we're gonna split it up into four parts.

and crypto and I will share my portfolio allocation

how you can get started investing in crypto.

If that's the sort of thing you want to do

As always timestamps in the video description,

so you can jump around if you feel like it.

And if you new to the channel, hello, nice to meet you.

My name is Ali, I'm a doctor based in Cambridge in the UK.

And on the channel, we normally explore the tools

and strategies that help us live healthier,

But I have a personal pension for the topic of money

and how it works and be open about that sort of stuff.

Anyway, let's get into section number one.

All right, so let's take things back to basics to try

and build up our understanding of Bitcoin

There are hundreds of other cryptocurrencies out there

but Bitcoin is like the original, the OG.

And it's by far the biggest cryptocurrency around,

which makes the question, what is a cryptocurrency?

So here's my definition of a cryptocurrency

A cryptocurrency is a virtual currency based on a ledger

which is decentralized and secured by cryptography.

All right, so firstly, Bitcoin is a virtual currency.

It's what replaces the old school bartering system

in return for the shoe that you have kindly made me

because you are a, I don't know, leather worker.

Obviously, that system of bartering is quite inefficient

And so we invented currency in the form of coins

usually as a system that everyone recognized

So I could sell my bushel of wheat for two copper coins

and I could buy your shoes for 10 copper coins, for example.

and silver and copper, which had like different values.

was worth something because everyone agreed

but in modern times, most of our currency takes the form

because everyone agrees that it's worth something.

If I take $100 dollars almost anywhere in the world

most people, I mean most places in the world

and I'd be able to buy $100 worth of stuff from it.

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Bitcoin for Beginners (2022)

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