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Showing posts with the label what-is-bitcoin

Crypto: Will the Bitcoin Dream Succeed?

  In 2021, the price of a single bitcoin, the leading cryptocurrency broke 60 000 and the market value of all cryptocurrencies reached a staggering 2.5 trillion dollars. Bitcoin's promise to create a new decentralized financial system beyond the control of governments and banks has captured the imagination of the world. It's become a bit of a social phenomenon. Mark Zuckerberg, the boss of facebook, has pet goats and he's named them max and bitcoin, but so far the bitcoin dream has not been realized.    Rather than becoming a new form of money, bitcoin, has become a highly volatile investment asset. Creating big winners. Bitcoin Trading Investors have said its price skyrocketing during the pandemic and big losers. The crypto valuation lost a third of a trillion dollars just overnight for the believers, bitcoin is still a digital stepping stone towards a utopian future for the skeptics. The crypto market is nothing more than a digital casino, too volatile to be trusted.  So ...

What is Bitcoin? How to Buy Bitcoin? Can I Buy Bitcoin with a Debit Card?

Welcome to Crypto Swami and I’ll be your guide through this video series What is Bitcoin? We’re going to cover a lot of topics such as Bitcoin mining, Bitcoin wallets, how to trade Bitcoin and a lot more. Today we’re going to start from scratch and answer the third most searched term on Google today, what is Bitcoin? If you’re worried that we’re going to get too technical and use a lot of complicated words, don’t. Here at Crypto Swami we translate Bitcoin news and videos into plain English so even if you have no technical background you’ll be able to understand everything. By the end of this course, you’ll know more about Bitcoin and how it works than 99% of the population. So let’s get started… Before we talk about Bitcoin I want to take a moment and talk about money. What is money exactly? At its core, money represents value. If I do some work for you, you give me money in exchange for the value I gave you. I can then use that money to get something of value from someone else in the ...