Whats good Wealthbuilderz its yah boy Devaughn back again with another video and today we are breaking down What Is A Bitcoin? So lets Go!!
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So lets get back to the topic What Is Bitcoin?! Bitcoin is a cryptocurrency I believe it was created in 2009 by a unknown person using the alias Satoshi Nakamoto There is no middle man when is comes to bitcoin so there are no transaction fees and no need to give your real name.
So basically there are no banks involved when it comes to Bitcoins So why do people like bitcoins. I believe because Bitcoins can be used to buy things anonymously. Plus international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small business’s like them because like I said before there are no credit card fees. But the biggest thing about bitcoins is buying them as an investment.
This is what you probably want to know right. How to buy bitcoin as an investment We will get into all that later. Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money.
Unlike bank accounts, bitcoin wallets are not insured by the FDIC. The problem with that is being though all this is computer based companies can steal your bitcoin and if you save your bitcoin on computer directly you never know if one day you computer might crash and you will lose all your bitcoin. Now to find out if you should invest and how to invest in bitcoin go ahead and check out my next video
How to Buy Bitcoin as an investment. I hope you enjoyed this video on what is bitcoin. Again make sure you watch my next video how to buy bitcoin as an investment. Its yah boy DeVaughn signing off for What is Bitcoin Do remember your gift in the description Free Ebook on How To Make Passive, Weekly And Residual Income All online using my six figure formula just for watching this video. Until Next time Peace!!