What Is Bitcoin

What Is Bitcoin

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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 bitcoing 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

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Until Next time

Peace!!