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Explain Crypto To COMPLETE Beginners: My Guide!!๐Ÿ‘จโ€๐Ÿซ

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Explain Crypto To COMPLETE Beginners: My Guide!!๐Ÿ‘จโ€๐Ÿซ

by Crypto Michael
July 31, 2021
in Videos
0



๐Ÿ“ฒ Insider Data in my Socials ๐Ÿ‘‰ https://man.coinbureau.com/socials/
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~~~~~

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How to File Your Cryptocurrency Taxes with TurboTax – CryptoTrader.Tax

โ€‹โ€‹GET READY FOR MARCH CRYPTO HOLDERS.. (BITCOIN GETTING CRAZY)

๐Ÿ“บImportant Movies๐Ÿ“บ

Central Financial institution Digital Currencies Defined ๐Ÿ‘‰ https://youtu.be/_ErRWQWPs8Q
Greatest Cryptocurrency {Hardware} Wallets ๐Ÿ‘‰ https://youtu.be/_t3Brlb0qzQ
Fiat Ponzi Scheme ๐Ÿ‘‰ https://youtu.be/L_f6R0DHNH0
How To Analysis Cryptocurrency ๐Ÿ‘‰ https://youtu.be/HCLWDGYnAzk
Bitcoin Unhealthy For The Setting? ๐Ÿ‘‰ https://youtu.be/DidAwxWaDKI

~~~~~

– TIMESTAMPS –
0:00 Intro
2:11 Cryptocurrency 101
6:08 Questions About Bitcoin, Dogecoin, Ethereum, and so on.
9:15 Cryptocurrency Security & Prison Use Issues
13:15 Explaining Cryptocurrency Value & Worth
17:38 โ€œWhich Cryptocurrencies Ought to I Purchase?โ€
21:32 Conclusion

~~~~~

โ›“๏ธ ๐Ÿ”— Helpful Hyperlinks ๐Ÿ”— โ›“๏ธ

โ–บ Why Money Is Trash: https://wtfhappenedin1971.com/
โ–บ Dogecoin Defined: https://www.coinbureau.com/overview/dogecoin-doge/
โ–บ Circle USDC Web site: https://www.circle.com/en/usdc
โ–บ Paxos PAX Gold Web site: https://www.paxos.com/paxgold/
โ–บ Bitcoin Use In Crime: https://www.forbes.com/websites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/
โ–บ Bitcoin Inventory To Circulate: https://www.lookintobitcoin.com/charts/stock-to-flow-model/
โ–บ Cryptocurrency Lending And Borrowing Defined: https://www.coinbureau.com/overview/aave-lend/
โ–บ Visa USDC On Ethereum: https://www.theblockcrypto.com/publish/99639/visa-now-settles-payments-in-usdc-stablecoin-ethereum

~~~~~

๐Ÿ‘จโ€๐ŸซCryptocurrency 101๐Ÿ‘จโ€๐Ÿซ

Put merely, cryptocurrencies are like common currencies besides theyโ€™re completely digital. Every particular person cryptocurrency coin is basically only a assortment of numbers and letters

This sounds difficult, however itโ€™s really not far off from what we see with currencies right now. Payments have serial numbers, and financial institution accounts have account numbers

Cryptocurrencies are principally like serial numbers with out the bodily invoice, and cryptocurrency wallets are like checking account numbers with out your title hooked up to them

As a substitute of the financial institution or authorities holding observe of your pockets stability, that is accomplished by computer systems that hook up with a cryptocurrency community to course of transactions and earn cryptocurrency for doing so

๐Ÿ™‹โ€โ™‚โ€Questions About Bitcoin, Dogecoin, Ethereum and so on.๐Ÿ™‹โ€โ™‚โ€

Broadly talking there are two kinds of cryptocurrencies: cash and tokens. Cryptocurrency cash belong to cryptocurrency networks that had been constructed from the bottom up

As a result of cryptocurrency networks are so exhausting to make from scratch, only some dozen cryptocurrencies are literally cash. The remaining are cryptocurrency tokens

A very powerful factor to recollect about cryptocurrency tokens is that a whole lot of them are nothing greater than scams. That is primarily as a result of cryptocurrency tokens are really easy to create

โš–Cryptocurrency Security And Prison Use Issuesโš–

For starters, not all cryptocurrencies are created equal. Some cryptocurrencies are constructed to prioritize velocity over safety, and often the results of that play out fairly shortly

In terms of the felony actions, it’s true that ransom calls for made by hackers usually contain some form of cryptocurrency. Nonetheless, these cryptocurrencies at all times get swapped to privateness cash

๐Ÿ’ฐExplaining Cryptocurrency Value And Worth๐Ÿ’ฐ

Bitcoin has worth as a result of its BTC coin has an financial profile to gold. It has a most provide and solely a small quantity of BTC is created every day, and that quantity is lower in half each 4 years

Cryptocurrencies like Ethereumโ€™s ETH have worth as a result of they’re required to pay for the transaction charges related to minting and shifting tokens in addition to utilizing decentralized purposes

๐Ÿค‘โ€œOkay, Which Cryptocurrencies Ought to I Purchase?โ€๐Ÿค‘

Earlier than you reply that query, it’s essential to keep in mind to emphasise that nothing you inform them is monetary or funding recommendation

Which cryptocurrencies you determine to put money into boils all the way down to your timeline and danger tolerance. Be certain to not combine up market cap with value potential, and at all times do your individual analysis.

~~~~~

๐Ÿ“œ Disclaimer ๐Ÿ“œ

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any explicit consequence

#Bitcoin #crypto #information #clarify #blockchain #train #noobs

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