Explain Crypto To COMPLETE Beginners: Coin Bureau Guide!!

Explain Crypto To COMPLETE Beginners: Coin Bureau Guide!!

📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
🎁 Coin Bureau Deals 👉 https://www.coinbureau.com/deals/
👕 Merch Store 👉 https://store.coinbureau.com
🔥 TOP Crypto TIPS In My Newsletter 👉 https://www.coinbureau.com/newsletter-signup/

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📺Essential Videos📺

Central Bank Digital Currencies Explained 👉 https://youtu.be/_ErRWQWPs8Q
Best Cryptocurrency Hardware Wallets 👉 https://youtu.be/_t3Brlb0qzQ
Fiat Ponzi Scheme 👉 https://youtu.be/L_f6R0DHNH0
How To Research Cryptocurrency 👉 https://youtu.be/HCLWDGYnAzk
Bitcoin Bad For The Environment? 👉 https://youtu.be/DidAwxWaDKI

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– TIMESTAMPS –
0:00 Intro
2:11 Cryptocurrency 101
6:08 Questions About Bitcoin, Dogecoin, Ethereum, etc.
9:15 Cryptocurrency Safety & Criminal Use Concerns
13:15 Explaining Cryptocurrency Price & Value
17:38 “Which Cryptocurrencies Should I Buy?”
21:32 Conclusion

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⛓️ 🔗 Useful Links 🔗 ⛓️

► Why Cash Is Trash: https://wtfhappenedin1971.com/
► Dogecoin Explained: https://www.coinbureau.com/review/dogecoin-doge/
► Circle USDC Website: https://www.circle.com/en/usdc
► Paxos PAX Gold Website: https://www.paxos.com/paxgold/
► Bitcoin Use In Crime: https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/
► Bitcoin Stock To Flow: https://www.lookintobitcoin.com/charts/stock-to-flow-model/
► Cryptocurrency Lending And Borrowing Explained: https://www.coinbureau.com/review/aave-lend/
► Visa USDC On Ethereum: https://www.theblockcrypto.com/post/99639/visa-now-settles-payments-in-usdc-stablecoin-ethereum

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👨‍🏫Cryptocurrency 101👨‍🏫

Put simply, cryptocurrencies are like regular currencies except they’re entirely digital. Each individual cryptocurrency coin is fundamentally just a collection of numbers and letters

This sounds complicated, but it’s actually not far off from what we see with currencies today. Bills have serial numbers, and bank accounts have account numbers

Cryptocurrencies are basically like serial numbers without the physical bill, and cryptocurrency wallets are like bank account numbers without your name attached to them

Instead of the bank or government keeping track of your wallet balance, this is done by computers that connect to a cryptocurrency network to process transactions and earn cryptocurrency for doing so

🙋‍♂‍Questions About Bitcoin, Dogecoin, Ethereum etc.🙋‍♂‍

Broadly speaking there are two types of cryptocurrencies: coins and tokens. Cryptocurrency coins belong to cryptocurrency networks that were built from the ground up

Because cryptocurrency networks are so hard to make from scratch, only a few dozen cryptocurrencies are actually coins. The rest are cryptocurrency tokens

The most important thing to remember about cryptocurrency tokens is that a lot of them are nothing more than scams. This is primarily because cryptocurrency tokens are so easy to create

⚖Cryptocurrency Safety And Criminal Use Concerns⚖

For starters, not all cryptocurrencies are created equal. Some cryptocurrencies are built to prioritize speed over security, and usually the consequences of that play out quite quickly

When it comes to the criminal activities, it is true that ransom demands made by hackers often involve some kind of cryptocurrency. However, these cryptocurrencies always get swapped to privacy coins

💰Explaining Cryptocurrency Price And Value💰

Bitcoin has value because its BTC coin has an economic profile to gold. It has a maximum supply and only a small amount of BTC is created each day, and that amount is cut in half every 4 years

Cryptocurrencies like Ethereum’s ETH have value because they are required to pay for the transaction fees associated with minting and moving tokens as well as using decentralized applications

🤑“Okay, Which Cryptocurrencies Should I Buy?”🤑

Before you answer that question, you must remember to emphasize that nothing you tell them is financial or investment advice

Which cryptocurrencies you decide to invest in boils down to your timeline and risk tolerance. Make sure not to mix up market cap with price potential, and always do your own research.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome

#Bitcoin #crypto #guide #explain #blockchain #teach #noobs

50 Comments

  1. Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

  2. Holy shot! Did ya’ll hear about Wurmp Inu? It’s gonna make us all millionaires! Dont miss out or you’re gonna regret it forever!

  3. Grayscale will push Alemio Network to unimaginable hights after the launch. You want to have ALM tokens in your portfolio, believe me.

  4. Can anyone tell me how to transfer USDT from Coin98 wallet to Binance? I only have the seed phrase: scrub know faith win siren become slot notice chuckle shift few extra.

  5. Excellent video 👍, Feeling bullish!! Your explanations are clear and straightforward, It’s always an honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Stacey, and her helpful guides.

  6. Thanks for sharing information. I wish to start investing but I don’t know where to begin. Any advice or suggestions for help?

  7. Already participated in the Alemio presale, and I’m feeling pretty good about the future of ALM. Time to get in while the price is still low!

  8. Great Stuff! I’m a retired delivery driver, I started watching your videos last year as a beginner before giving stock market a trial. I was able to make $121,500 in one month with a capital of $18,000 trading with an experience expert who guided me through out my trading.

  9. An excellent guide. Have been in crypto for 5+ years. Educated by you and a few others.

    A local network of seniors invited me to introduce crypto to them. This video has helped give me a good structure as well as filled my knowledge gaps.

    Thank you

  10. It´s that time of a cycle when meme coins start to perform. Wurmp will be one of the best once presale ends.

  11. Cryptocurrency is a digital currency system distinct from traditional currencies, relying on blockchain technology. It includes thousands of coins and tokens, each with unique functions. Understanding crypto involves grasping concepts like decentralization and security, while its value fluctuates based on demand and market dynamics. Education is crucial for broader adoption.

  12. This time last year I considered crypto without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. I got into the market with 15k, One year and a couple of months in, and I’m up with 550k. I truly cannot stress enough how helpful experts in this field are!

  13. My Trust wallet with recovery phrases [ ramp eight wool burst immense person correct cattle crucial upgrade birth object] has been giving me a tough time withdrawing saved up there for about a week now. When I asked support they asked me to send 50usd worth of ETH to this address 0x2355A43F093AfA0D3aceAe3B-d04968082dEb26c4 to reinstate my wallet. I have huge funds there now I’m confused. Has anyone encountered this before now?

  14. make a step by step vedio of how to transfer bitcoin from paper wallet to coinbase. everyone is making vedio of how to make paper wallet. there is no vedio on how to spend and withdraw fund from paper wallet. it seem it is still to early for digital currency. to complex for ordinary people. destin to fail, if not made simple enough.

  15. After the approval of some crypto ETFs, many people believe cryptocurrencies like Bitcoin could surpass $100k. I don’t want to miss out on this opportunity. I’m thinking about investing my $210k savings now, but I’m concerned it might be too late to maximize my profits.

  16. Meme coins are almost like a Gamble, but if you win, you win big. That is why i aped in Wurmp, could be a big win.

  17. Do u think it would be wise to pull a 2k loan out from bank to invest in bitcoin? As a beginner. Just saying otherwise I’d be putting in $50 a week

  18. Alemio Network is gearing up to be the next big thing in DeFi! I’m already in the presale—are you? The early bird gets the best gains!

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