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What is Bitcoin? - The World of Cryptocurrency
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5,034 Views • Apr 26, 2021 • Click to toggle off description
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.

However, some companies are beginning to buy into its growing influence.
In October last year, for example, the online payment service, PayPal, announced that it would be allowing its customers to buy and sell Bitcoin.

The physical Bitcoins you see in photos are a novelty. They would be worthless without the private codes printed inside them.

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#Bitcoin
#Cryptocurrency
#Blockchain
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Views : 5,034
Genre: Science & Technology
Date of upload: Apr 26, 2021 ^^


Rating : 4.298 (30/141 LTDR)
RYD date created : 2022-01-19T11:10:19.986592Z
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YouTube Comments - 71 Comments

Top Comments of this video!! :3

@nathaliecamp2630

3 years ago

With the current increase in the market I see Cryptocurrency as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions

20 |

@efrasier1989

3 years ago

Where’s the Irish????

4 |

@rejoicechima958

3 years ago

Where are the Irish?

9 |

@bozarkzygarde484

3 years ago

Just give up Already

4 |

@shad0wrune

3 years ago

Weren't able to pay a narrator "again"?

2 |

@Shazistic

3 years ago

IMPOSSIBILITIES IN THE WORLD : 1. You can't count your hair 2. You can't wash your eyes with soap 3. You can't breathe when your tongue is out ( Put your tongue back in because you have become fool )

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@atarijawa462

3 years ago

it's a classic pyramid scheme.

7 |

@chicken2jail545

3 years ago

Bitcoin won't be legit until it can be used to purchase peanut butter, Durian Fruit, or abstract art.

5 |

@DonmenDragon

3 years ago

How i feel about bitcoin?. Still confused. There is a max of 21 million of em and they are made using complicated calculations by computers? What? Why? and then the price going up and down and I assume they are being traded for profit. Part of me understands most of me is confused.

1 |

@eblackwell

3 years ago

This is interesting because it's not what I thought it was. I thought it was an online currency where the value was evenly matched with your national currency such as dollar for Bitcoin or somewhere in that range. I didn't expect it to be thousands of dollars for one Bitcoin, so it looks like to me if I understand it right, it's an investment into it like a stock or gold. Without the government or bank being involved or needed. I was going to say like diamonds but of course you can wear diamonds etc so they have more use than simply as an investment. So to me it looks like this is something you're going to use for investments that at some point you cash in or use for high expense spending such as a Tesla or a home. If that's correct, I don't see the middle class especially the lower class of course getting involved with it because it's not at their level of investment. obviously I could be wrong

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@ronniewhite5530

3 years ago

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

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@Cloud777-7

3 years ago

Bitcoin can be at 150k and you all will still be speculative🤣 just salty because you didn’t buy the dip💎🙌

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