Bitcoin: How Cryptocurrencies Work
Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems.
Hosted by: Michael Aranda
Special Thanks: Dalton Hubble
SciShow has a spinoff podcast! It's called SciShow Tangents. Check it out at http://www.scishowtangents.org
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Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg
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Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow
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Dooblydoo thanks go to the following Patreon supporters—we couldn't make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi
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Sources:
https://bitinfocharts.com/
https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/
https://www.youtube.com/watch?v=Lx9zgZCMqXE
https://www.youtube.com/watch?v=nQZUi24TrdI
https://bitcoin.org/en/how-it-works
http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee
http://www.makeuseof.com/tag/how-does-bitcoin-work/
https://blockchain.info/charts/total-bitcoins
https://en.bitcoin.it/wiki/Controlled_supply
https://www.bitcoinmining.com/
http://bitamplify.com/mobile/?a=news
Image Sources:
https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
Whether or not it’s worth investing in, the math behind Bitcoin is an elegant solution to some complex problems.
Hosted by: Michael Aranda
Special Thanks: Dalton Hubble
SciShow has a spinoff podcast! It’s called SciShow Tangents. Check it out at http://www.scishowtangents.org
———-
Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg
———-
Support SciShow by becoming a patron on Patreon: https://www.patreon.com/scishow
———-
Dooblydoo thanks go to the following Patreon supporters—we couldn’t make SciShow without them! Shout out to Bella Nash, Kevin Bealer, Mark Terrio-Cameron, Patrick Merrithew, Charles Southerland, Fatima Iqbal, Benny, Kyle Anderson, Tim Curwick, Will and Sonja Marple, Philippe von Bergen, Bryce Daifuku, Chris Peters, Patrick D. Ashmore, Charles George, Bader AlGhamdi
———-
Like SciShow? Want to help support us, and also get things to put on your walls, cover your torso and hold your liquids? Check out our awesome products over at DFTBA Records: http://dftba.com/scishow
———-
Looking for SciShow elsewhere on the internet?
Facebook: http://www.facebook.com/scishow
Twitter: http://www.twitter.com/scishow
Tumblr: http://scishow.tumblr.com
Instagram: http://instagram.com/thescishow
———-
Sources:
https://bitinfocharts.com/
https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/
https://www.youtube.com/watch?v=Lx9zgZCMqXE
https://www.youtube.com/watch?v=nQZUi24TrdI
https://bitcoin.org/en/how-it-works
http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee
http://www.makeuseof.com/tag/how-does-bitcoin-work/
https://blockchain.info/charts/total-bitcoins
https://en.bitcoin.it/wiki/Controlled_supply
https://www.bitcoinmining.com/
http://bitamplify.com/mobile/?a=news
Image Sources:
https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
Related
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Who's still watching in 2021?
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The best time to invest Bitcoin /fx and cryptocurrency trading is now. Don't say to yourself that is going down because you will end up postponing for ever start now and make sure you start with a right broker.
Bitcoin isn't volatile…. the dollar is. 1 BTC is still worth 1 BTC
since its inception. Can we say that about the dollar? $1 from 1913 to
2020 is worth ~$20 according to an inflation calculator. So, which one
is really volatile? People need to stop looking at the price through
the lens of the dollar. Everyone sees the dollar value of Bitcoin but
don't realize that it's the dollar that is weak against BTC….that's
why there are huge price swings. People also don't realize that every
time they sell or buy crypto, they are expanding the current monetary
money supply. If you know how the current monetary system works, that
last statement will make perfect sense. If not, it will go over
heads.I take the risk of lower prices on the short term for granted,
knowing that the prices will be much higher on the long term. I am not
taking the risk of not having invested what I could (because I was
waiting for lower prices) and than not take full advantage of the bull
run.There is a significant difference between stocks which can be
based on professional advice held and currencies (cryptocurrency), and
this is because most of them are hypes and highly speculative. I have
made over $80,000 in the last two months day trading my BTC which I am
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are unable to turn in consitent profit in the crypto market
I started investing in Cryptocurrency fairly recently. Coming from a
non-technical background, understanding blockchain and crypto currency
is a little tricky. So to understand it better I invested USD 1000 and
started to pay attention to everything related to Cryptocurrency. i
made 2 BTC real quick in 2018, later lost 1BTC early 2019, i was still
trying hard to understand the market but everything was new to me
again (nightmare). I began to read several blog post and following
YouTube video tutorials to understand how I can make profit but the
more I try, the more I loose more of my Bitcoin. So not until I found
a beginners trading post talking about a strategy on how to trade and
make profit and I contacted the person in charge, Mr bishop he
explained to me the different ways to make profit in this bearish
market. I decided to give it a try and I invested 2 BTC of my coin,
and it quickly rose to 8 BTC towards the end of December 2019,and I
was convinced it is the best way to make a good profit from Bitcoin.
If you're still confused about the steps to take this year I urge you
to contact Eric.bishop100@gmail.comfor all
your cryptocurrency questions, strategy and beginners coaching.?
My best guess is that money pours into crypto during the first 2
quarters of the year as people get their tax returns and invest in
projects they like. During this time I expect a significantly rising
overall "market cap". I think it will cool off some during the summer
and pick back up around the holidays as families and friends get
together and reflect on 2020. During this time I believe we'll see
periods with bitcoin gaining faster than alts, followed by times where
alts are more profitable. The smart, stress free investor is hedged
into several crypto projects as opposed to "all in" on one or
frequently switching back and forth between alts and bitcoin. The
market will likely remain volatile but I believe with QUALITY cryptos,
highs will be higher and lows will be higher.Those with patience
who've only invested money they can afford to lose will likely
outperform most "traders". I think changing tax laws in first world
countries will further embolden the HOLD mindset, as (in the US) there
is a huge benefit to investors holding assets over a year, much higher
taxes for assets held under a year. I think these changing tax laws
will also encourage investors to look harder at projects they are
comfortable Holding for over a year, so some of the pump and dump
energy will fade. feel free to get in touch with my trusted broker
davislingardcrypto11@gmail.com and he will be sure to provide you every
necessary info you may need to invest wisely in bitcoin and alt coins
.
When I first heard about cryptocurrency I was not interested because
my mindset was what changes will it bring to the world but when I
began to carry out some deep research of what it is about I was more
than interested because the opportunities it presents is very wide and
can equally make someone wealthy. I read several posts and equally got
to know about trading and some exchanges that I can equally get this
done. I started to buy some bitcoin in early 2020 because the market
outburst in December 2019 was more than enough for me to have a belief
that yes cryptocurrency is here to stay. I decided to carry out some
trading without proper knowledge of how to trade or what trading about
and also I lack proper knowledge of how the market trends go because I
was thinking that there will always be an upward trend in the market.
I invested in some coin that eventually ran out of the market in 2019
it didn't work out the way I thought it will be, I was so sad i
wanted to give up on bitcoin I stop trading for some months because of
the fear of loss, I came across a youtube video May this year where I
saw some individuals showering praises on this trader Davis Lingard,
so I contacted him his trading signals are really accurate unlike any
signals I ever have seen, he ask me some few questions at first making
sure if I was making profit not losing, I put confident on him I bet
you his signals are unlike others, he helped me generate my 1BTC into
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of constant losing of my coins here is his contact via Email
davislingardcrypto11@gmailcom for
inquiries and other insights into trading.
Crypto is the way 💯%
If you want to maximize your retirement savings start today. I don't wait for the right time to save and invest later because the time to invest is now, honestly, Mr Scott Martins is the best miner out there now
Check Bitinfocharts web sight and coingeek web sight.
The poker analogy was excellent. I watched otehr videos and still had a hard time understanding.