Bitcoin & Cryptocurrency Explained for Beginners | How Bitcoin Works, legal Or not, How to Invest | how to buy Bitcoin, How to Sell Bitcoin Or cryptocurrency, how to analyze cryptocurrency or bitcoin daily or weekly or yearly, Why bitcoin price increase rapidly, bitcoin is legal in India or not.
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00:00 What’s in the video
01:00 What is Bitcoin?
03:14 History of Bitcoin & Cryptocurrency
03:55 Why Does the Price of Bitcoin Keep Going Up?
05:12 What is the purpose of Bitcoin?
05:17 Uses of Bitcoin
06:39 Bitcoin uses as an investment
07:53 Risk in Bitcoin Investment
08:12 Bitcoin is legal in India or, Not?
09:21 If you want to invest in bitcoin Or, Cryptocurrency
10:18 How to use Cryptocurrency Exchanges for investment
10:25 Step-by-step SignUp process in Cryptocurrency Exchanges
11:03 KYC process in Cryptocurrency Exchanges
13:59 How to Buy Bitcoin or, Cryptocurrency?
14:13 How to Analyse any Cryptocurrency or, Bitcoin?
18:56 How to Sell Bitcoin or, cryptocurrency?
What is Bitcoin?
Bitcoin often described as a cryptocurrency, a virtual currency, or a digital currency – is a type of money that is completely virtual.
It’s like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether.
The physical Bitcoins you see in photos are a novelty. They would be worthless without the private codes printed inside them.
How does Bitcoin work?
Each Bitcoin is basically a computer file that is stored in a ‘digital wallet’ app on a smartphone or computer.
People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people.
Every single transaction is recorded in a public list called the blockchain.
This makes it possible to trace the history of Bitcoins to stop people from spending coins they do not own, making copies, or undo-ing transactions.
Is Bitcoin a good investment?
When investing, it’s wise to buy low and sell high – but Bitcoin is difficult to value. It’s volatile and lacks the dividend payments of many stocks and bonds. Actually, supply and demand may be among the major factors in its valuation.
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