Bitcoin Basics (Part 1) - "Explained For Beginners"

Get Rocky's free Bitcoin course here - https://chrisdunn.com/free-bitcoin-course This Bitcoin basics video series will explain Bitcoin for beginners. You'll learn how Bitcoin works, and how to make money with Bitcoin. Many people are looking to mine bitcoin or trading bitcoin for profits. As a professional trader, my goal is to help you learn how to understand the opportunities and risks with the crypto-currency markets. Click here to subscribe to my channel - http://www.youtube.com/chrisdunntv Check out my website for tips on how to build wealth, travel the world, and live an incredible life - http://www.chrisdunn.com/

Comments

1. i am looking into work on bitcoin but i am new in online works and i want suggestion about starting on bitcoin and proceeding into it. So can anyone guide me it would be very nice.
2. yeah double spin but all you who preach bitcoins are more than double spinning the talk! What the heck is bitcoin really?
3. This guy must be a happy camper now, the price for 1 bitcoin has skyrocketed...he was correct about everything he said
4. Your explanations are the best ever! Thank you for posting this and creating this. This is what BTC needs to become mainstream. Getting a basic explanation is damn near impossible and daunting for your average person.
5. Bitcoins are the future go here to buy, https://www.bitquick.Co?a=20652
6. Bitcoins are the future go here to buy, https://www.bitquick.Co?a=20652
7. I loved your knowledge. I appreciate a leader that can speak without it being loaded with ummm's and auhh's. Clear straight forward knowledge. Do you do any mentoring. Id like to find you and reach out to you in hopes of that.
8. Great Video! Bitcoin definitely gonna increase in value till 2020
9. 'If yur not furmilliur" JEEZ can you please take an enunciation class.
10. Chris sorry if you're already answered this but what software do you use to track bitcoin?
    Or if someone can tell me that'd be good.
11. Who decided that the number of bitcoins would be limited. Who set the limit ? What can't it be increased.
12. Definitely subscribed. Thanks for the video man.
13. Excellent Video Chris! I've just recently gotten interested in Bitcoins and seen tons of videos but this one is as clear as it gets! Thanks. Keep up the great work!
14. Wait a sec, I though a "bubble" had to do with credit/debt, that is, of money that was inflated -- in terms of represented value on bank sheets (i.e. digital money in a bank account that really doesn't exist or not backed by actual hard cash (e.g. Reserve Notes) -- beyond it's actual backing or existence? So how can bit coin be a bubble? Is not the amount of actual bitcoins in existence always (necessarily) equal to that reflected, in that we always KNOW exactly how many are in existence?
    
    Or do you simply mean to say that it can be overly deflationary, SUCH AS occurs in the event of a bubble burst?
    
    I mean, for example, with the fractional reserve, fiat banking system, a bank can loan the same dollar to more than one person at a time, so, if one person deposits a dollar in A bank, and A bank loans that same dollar to another person, while still holding it in their account, then technically, they've just created and added one "dollar" into the economy, even though only the initial one actually exists (in tangible form). The risk in this, obviously, is if both people come to withdraw that dollar out at the same time, without the bank already having enough (or enough having been added in the meantime) to cover both. In such a case, that 'phony' dollar would have to disappear, causing deflation. We would say that, the extra dollar created via the loan, in that case, was the debt bubble (in the form of a liability to the account holder(s)), which suddenly popped, given that you obviously can't give it to both. Right?
    
    Now, since there are no bitcoin banks (or entities/individuals) loaning out more bitcoins than they actually have, how would a bubble be created?? I don't understand this. What am I missing? I really want to understand this.
15. Very informative...looking forward to the rest of the training videos.
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17. it’s one thing to give someone a handout but to teach him
    someone how to make money on their own that’s essential. That way they will
    never bother you again. Let me show you how to create wealth by registering at https://www.crazebtc.com/ref/6d874f6a84/register for as low as 0.012 bitcoins
18. The USD is tied to oil, hence the Petro- Dollar. Awesome video, thanks for posting.
19. Thank You so Much