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Should I buy cryptocurrency now? In this video, I’ll be sharing my why i invest in cryptocurrencies in 2020. While I don’t personally trade cryptocurrencies, I do consider myself a cryptocurrency investor. I believe that it’s important to understand the fundamentals about Bitcoin, blockchain, and cryptocurrencies first before putting any money into them.
This is an easy guide to blockchain and bitcoin for students and beginners. Before we talk about crypto, we’ll first need to understand what money is. Understanding money can help us understand why Bitcoin was created and why it has value. We’ll also talk about the technology behind Bitcoin: Blockchain Technology. You can’t really talk about one without talking about the other. We’ll also briefly talk about Ethereum and the why there are a lot of crypto projects. By the end of this video, hopefully you’ll understand why I invest in cryptocurrency. Hopefully, this video guides you on whether you should buy or invest in crypto.
Blockchain technology has a lot of potential applications. Bitcoin is the application of blockchain technology in the finance industry. This revolutionary technology can also be applied to healthcare, real estate, supply chain… the possibilities are endless! Think of blockchain as a one big decentralized notebook. Each page or “block” has a list of transactions on the network, and all of these blocks are connected to one another. This technology allows us to trade with one another without the need for a third-party or an institution to help keep our transactions safe.
Besides Bitcoin, there are plenty more crypto projects out there. Ethereum is the second largest cryptocurrency, but unlike Bitcoin, it’s not meant to function as digital money. It’s a platform where people can create decentralized applications (DApps). Think of cryptos as individual companies. Learn more about what they’re trying to achieve before investing in them.
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📌MORE RESOURCES ON BITCOIN
➜ Bitcoin Whitepaper: https://bitcoin.org/bitcoin.pdf
➜ Why Bitcoin is Different: https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947
➜ Why Bitcoin Works: https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5
➜ The Bullish Case for Bitcoin: https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1
✅WHAT TO WATCH NEXT
➜ Personal Finance 101 Playlist: https://www.youtube.com/playlist?list=PLwqQI-ekEAiOJV42m_nPzPmusgIZ3zpLs
➜ How I Manage My Finances in My 20’s: https://youtu.be/PiNlVlF1BdI
➜ BEST HIGH INTEREST SAVINGS ACCOUNTS: https://youtu.be/NDwrVUBzzD0
➜ How to Start Investing for Students and Beginners: https://www.youtube.com/watch?v=eKpf__dUyP4
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00:00 Intro, Featured Comments
03:32 Avoiding Scams
05:55 What is money?
08:05 What is Blockchain Technology?
12:50 What is Bitcoin?
14:28 Ethereum and other Altcoins
16:28 Why I invest in cryptocurrencies
Why I Invest in Crypto 2020 | Blockchain and Bitcoin for Beginners Philippines
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This post contains affiliate links. I may or may not receive a commission when you use any of my links above. This video is for educational and entertainment purposes only. The information presented in the video should not be taken as financial advice. Invest at your own risk.
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