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What is a BitCoin? Explained - Tech Tips

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This introduction to bitcoin explains what is a crypto-currency and what exatly is a bitcoin? Also touched on are the other major currencies such as litecoin, feathercoin, and dogecoin. Learn More/Where to Buy: Canada: http://www.ncix.ca/ US: http://www.us.ncix.com/ Join the conversation on our community: Forums: http://forums.ncix.com/ Facebook: https://www.facebook.com/NCIXdotCOM Twitter: https://twitter.com/NCIXdotCOM Newsletter: http://www.ncix.ca/article.php?mode=newsletter Download our Mobile App: Android: http://tinyurl.com/blqeqaj iOS: http://tinyurl.com/a49ngav Windows: http://bit.ly/1guO0Pn
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Text Comments (1906)
Audrey Grace (2 days ago)
No proof your gold or diamonds are tangibly real.
Audrey Grace (2 days ago)
Finances that don't really exist...
Audrey Grace (2 days ago)
All in an attempt to put everyone on a system that can be controlled by the Elite. If you disagree with their world view they can just deactivate you and your finances. COMPLETE CRAP FROM THE ELITE!
quintilian (10 days ago)
Lol. Where did bit coin come from. It’s made up. So how can it be that once it runs out it runs out? All this is unnecessarily confusing. Made no real sense. I just want to know how it works.
Demira Berbiglia (12 days ago)
So let me get this straight... All Bitcoin is, is a small prize for solving mathematical problems with a computer? And we accept this just because, like mining for gold, once it reaches 21mil no more can be produced so it will become rare?? Is online currency really that much safer just because we have these people mining and confirming transactions?
Bill Ridings (13 days ago)
I feel like a rat having to go through a maze. And there is no end.
julio celis (15 days ago)
Wtf is he talking about ,this is like for advance users...
SAHIL ROHILLA (16 days ago)
Better than technical Guruji 😆 😑
Balamurugan K L (18 days ago)
Watching this video in 2018. :)
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David Williams (21 days ago)
There are now dozens of small digital currencies trading for just a few cents that are moving up dramatically over very short periods; like Asch traded for few cents at first but in less than 3 months $100=$,570. NolimitCoin traded for few cents but now $100= $5,348 in 6 days. MediterraneanCoin traded for few cents but now $100= $8,313 in 3 months. For a successful and profitable cryptocurrency trading; contact Me at [email protected]
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CellBot (22 days ago)
Bitcoin is the future!
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Bheem Agnihotri (24 days ago)
What is he blabbering about
Bheem Agnihotri (24 days ago)
What is he blabbering about
Moni Marie (26 days ago)
You have to be super tech savvy to understand the lingo in this video
John Connor (27 days ago)
This is all bullshit to keep track of everything & everybody! Screw all electronic based money!
Joel Molder (27 days ago)
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IzSlasher (1 month ago)
When you need to find a solution to gather Bitcoin you only want to lookup for " *pranaholistico bitcoin* " in the google. :)
Alan Hatch (1 month ago)
Lost me
Willie M. Landa (1 month ago)
have you got it
David McDaniel (1 month ago)
what's the future of Bitcoin currency?
Dora Šimić (1 month ago)
what is Bitcoin, i have already watched 3 videos on it?
Lorraine Hernandez (1 month ago)
Bitcoin is a crypto currency, just like a form of electronic cash, it’s currency is decentralized meaning it has no central bank or a single administrator, can be sent to your friends or business associates at any part of the world without being charged any fee for transfer. If your interested i can recommend someone that helped me invest and I made millions from it
David McDaniel (1 month ago)
Wow! nice
Prashant Jogdand (1 month ago)
awesome video. please visit my channel for more information https://www.learnbitcoin.ooo/
Lanny Bianchi (1 month ago)
This more last sounds like what they did back in the twenties and thirties what they did was anyone who had a printing press and this was going on in the United States could print their own currency they had so many banks that One Bank wouldn't honor another Banks currency because it wasn't back by any type of commodity such as gold silver copper Cole or oil something to have some sort of commodity to it I don't see where this Bitcoin is holding any type of commodity where's the commodity at back in the twenties and thirties when people were printing their own money and everything like that as I was saying you had banks that wouldn't honor other Banks money and that was part of the reason of the stock market crash but it wasn't the whole reason farmers basically faltered on loans that they made and one pay the bank and then turned around and blame the banks for the reason why their crops failed and the reason why their crops failed was because Farmers that know how to basically Farm their land they cut down all the trees and the swell would die and they weren't making any money to pay the bank note and then you had these people who are print their own money I mean you had so many banks out there that it was unbelievable after all that FDIC came in and change the banking regulations that made money backed by gold and silver or some sort of commodity but what this guy is saying just Bitcoin has really no commodity to it whatsoever he's talking about a mathematical problem being solved how's that a commodity I predict this and this is what's going to happen you going to have millions of people investing in this Bitcoin and these other coins and 81012 years down the road it's going to come out that these coins are absolutely worthless it's the same thing that happened during the stock market crash when the banks failed very same thing you had people printing money that was not backed by any type of commodity and there was no FDIC to ensure that money the one thing about the JP Morgan silver dollar was the fact that it had 90% silver in it that's your commodity right there that's my Bank of America was allowed to stay afloat because it had silver it had a commodity it's Bitcoin really doesn't have anything in it any of you want to basically look at history and look at it how people were printing their own money and everything like this this is a Xerox copy of that plan what they did back in the twenties and thirties is what they're doing right now with his Bitcoin
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Happy John (1 month ago)
Sigh... Linus... 3:34 PM 8/27/2018
Nwenfor Hosea (1 month ago)
Good
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Setsuko Osbourn (1 month ago)
Most investors ignore the potential of cryptocurrency, crypto assets and tokens, because it's too much work to understand, so they default to the opinions of other "moron" experts.
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BONG5090 (2 months ago)
Starting new company..BitGOLD need investors
YAJAMALU4U (2 months ago)
I have being seeing videos and videos and really nothing on how it really works. But that is a virtual money and you can use it and bid your paper money on it.
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I earn 300% of my investment "BITCOIN", this is no hyip or scam, feel free to ask me how, the link to my group is provided below the video. https://www.youtube.com/watch?v=D6sIBeuuG4k&t=84s
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Gregory Jackson (2 months ago)
Sounds dumb
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Kris Garcia (2 months ago)
I suggest to try Belaska Limited Investment, legit company for trading cryptocurrencies.
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Kawaii Pippa (2 months ago)
Im very counfused wTH IS BITCOIN
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Tim Mario (2 months ago)
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TheBlues Ine (2 months ago)
what the fuck is 'mining'...?? this guy doesnt explain things very well!!! Is Bitcoin just for tech nerds?
Jeff Barrett (2 months ago)
WTF!........as if I wasn't already confused about what the hell a bitcoin is
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arnold nyadete (2 months ago)
all you didnt say could have been said in a 1 minute video
Alex Dihes (3 months ago)
Idiot, bla-bla-bla is NOT an explanation, Idiot!
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Ben Philias (3 months ago)
I appreciate the in-dept explanation. The video is very educational and teaches you all the basic knowledge about bitcoin, alt-coins, mining, and the blockchain technology..
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Sinjinbin 64 (3 months ago)
Its nothing more than virtual (pretend) money.
Dead Pool (3 months ago)
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MyBffis Food (3 months ago)
I like money, take the bitcon and give it back to them, tell them shove it
MyBffis Food (3 months ago)
Emily Wilson ma'am if you really need a hacker to get your own money, something is clearly wrong, it's one thing you lose after spending, but if you are doing the necessary work to get it, and not get it to the point where you hire a hacker to steal back your own money you need to study this subject again, and dig deeper into it
Emily Wilson (3 months ago)
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Unsobered C (3 months ago)
Not trying to be a dick, but that was a waste of time. I knew that it's crypto currency. How do get them, I've heard the term bit-mining ,what the hell is that. you didn't explain much well at all. I have more questions now than before I watched this.
Emily Wilson (3 months ago)
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Emily Wilson (3 months ago)
Hey! if you are in need of a professional hacker to increase your bitcoins and hack bitcoin account , contact MARIODONALD_45 on instagram he helped me to get 30btc in my wallet. He is the best hacker i know and i have tested his services severally and he delivers . I am just sharing this because he has helped me severally and to help others in need of such services. If you are in need of such services contact MARIODONALD_45 .He also offers various services like spying, hacking social media accounts, deleting criminal record, increasing credit score, hacking credit cards and cloning cards, monitoring, etc .
Xanba ! (3 months ago)
Tf is this
Eugene (3 months ago)
Is that Linus tech?
Crypto Blessing (4 months ago)
2018!!
DavidUKesb (4 months ago)
I've just used an old Space Invader machine which used to be in the pub to mine one bitcoin. Pleased with that.
Abraham Amade (4 months ago)
Bitcoin and Ethereum has and is still  making a lot of people "stupid rich"  $10(ten dollars) seven years ago is now worth $7.5 million in bitcoins today.  And $100(hundred dollars) in Ethereum has increased to as high as $66,290 in under two years! The trend is on a daily increase,  worldwide, investors in crypto and digital  currencies are getting rich daily, I personally have invested in bitcoin and Ethereum. And I've collected bigger gains investing these coins than in anything else in my life. For example, I bought bitcoin twice, last year and early this year, 10 coins at $83.40. And 20 more at $128. Today my 20 coins trade nearly 24 times higher . And I also bought Ethereum last November at $9.70... before it rocketed to $355! I was up over 3,500%. But here is the thing nobody is talking about, bitcoin and Ethereum aren't the real success stories anymore. It's the smaller and unpopular new digital currencies that are rewarding investors with the next round of huge wins. For example , I recently obtained 27,000 coins in a tiny new digital currency for just 18.5 cents per coin. Those coins now trade for around $4 each- 1,981% higher. And I invested in another one that's jumped from $1.50 to $10.71. Yet this opportunity is just getting started, today I'll show you the new digital currencies that can turn as little as $10 into over $1million. in the blink of an eye. Yes, that's right. a single crispy $10 bill could make you a millionaire. now for the doubters, not only is it possible, it's actually happening right now, a considerable number of  investors worldwide have seen gains of 75,063% in Cryptonite, 59,577% in InfluxCoin, 60,450% in MaxCoin, and even 823,750% in DubaiCoin! Tiny new digital currencies are offering profits far bigger than bitcoin and much more quickly,  I've personally made over 600% in one digital currency more than 1,981 in a second and over 3,500% in another, and I expect to make a whole lot more. Digital currencies is now one of the online investments where you can start with $10 and turn that into real money fast. CNBC did a story about a high school dropout who bought some bitcoin at $12 and is now a millionaire. also top investors worldwide are going all in on the new digital currencies. Now this is what you guys should know . A new set of  coins are being launched now that could help you turn as little as $10 into over $1 million. I've never seen profit opportunities like this before in any market and at anytime. For example, in one recent week 23 separate digital currencies doubled in value. By comparison, the S&P 500 hasn't seen a single stock double yet this year. But only those who recognize the opportunity right now will see the fast profits. I first got in on Bitcoin at $83.40 and $128... only to watch it soar to over $2,000. But now I've turned my attention to the new digital currencies. For example; I invested in ANTSHARES earlier this year and at the time it was trading for just $1.50 but I watched it climb to $10.71 in less than a month. I invested in tiny new digital currencies of 12 coins and I cashed out 12,000 at $3.50 but still hold the rest... nearly $100,000 in total. There are now dozens of small digital currencies trading for just a few cents that are moving up dramatically over very short periods; like Asch traded for few cents at first but in less than 3 months $100=$,570. NolimitCoin traded for few cents but now $100=5,348 in 6 days. MediterraneanCoin traded for few cents but now $100=8,313 in 3 months, the list is endless, I will stop here so I don't bore you guys, but it is sure worth your time. in case you are interested in venturing into investing in Crypto and Digital Currencies, or perhaps you are trading them but you don't understand what you are doing, feel free to message me through email and I will be sure to guide and assist with any information you may need to invest in  these new and unpopular  crypto and digital currencies that are making waves at the moment. [email protected]
2bdefacto (4 months ago)
Some very intelligent people that can be really knowledgeable about a certain subject or a an expert on the whatever his/her specialty is, but if they cannot transfer what they know so that people can fully understand what they are educating them on, your wasting peoples time. THERE'S GOT TO BE A BETTER EXPLANATION ON GETTING, USING AND APPLICATION FOR BITCOIN, SO IT IS NOT AN ENIGMA
Amadike Eze (4 months ago)
Bitcoin series
Emily Wilson (3 months ago)
Hey! if you are in need of a professional hacker to increase your bitcoins and hack bitcoin account , contact MARIODONALD_45 on instagram he helped me to get 30btc in my wallet. He is the best hacker i know and i have tested his services severally and he delivers . I am just sharing this because he has helped me severally and to help others in need of such services. If you are in need of such services contact MARIODONALD_45 .He also offers various services like spying, hacking social media accounts, deleting criminal record, increasing credit score, hacking credit cards and cloning cards, monitoring, etc .
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Adriana Burns (4 months ago)
Why there is a limit of 21 million bitcoins? What is the reasoning and limiting factor behind that?
Terran Davidson (4 months ago)
I'm more confused after this video
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Joseph Todd (4 months ago)
I’m for a long time with the exchange, some special problems didn’t arise. Except the small technical points. I have made withdrawals about 4 times, all in HitBTC without delays and fuss.
williams john (4 months ago)
Joseph Todd contact [email protected] she will help you, she an amazing bitcoin mining
DamianZocker (4 months ago)
Ether ?
Emily Wilson (3 months ago)
Hey! if you are in need of a professional hacker to increase your bitcoins and hack bitcoin account , contact MARIODONALD_45 on instagram he helped me to get 30btc in my wallet. He is the best hacker i know and i have tested his services severally and he delivers . I am just sharing this because he has helped me severally and to help others in need of such services. If you are in need of such services contact MARIODONALD_45 .He also offers various services like spying, hacking social media accounts, deleting criminal record, increasing credit score, hacking credit cards and cloning cards, monitoring, etc .
Still not a fucking clue what a damn Bitcoin is!!
williams john thanks but I don't need a hacker. 😉
williams john (4 months ago)
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Andre Sotelo (4 months ago)
U look like butt sauce
David Durant (4 months ago)
have you guys got a tip with crypto link?
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Ferdz Nate (4 months ago)
whats a tip with crypto link?
CriticallyCorrect1 (4 months ago)
This video reminds me of a nerd in a game shop explaining the rules of a role playing game i.e. D&D or Magic. It's basically saying your imaginary money can buy stuff just because there's enough people who also believe your imaginary money has value...which it doesn't.
Emily Wilson (3 months ago)
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Golossus (4 months ago)
When signing up to Binance use referral code 22795560 to get -50% discount on trading fees! No scam, it's just Binance's own referral program. Win-win :)
Elena Martínez (4 months ago)
Can we make our own by hacking or running false programs to mine fake currency... Or self generate
Jackson Evans (4 months ago)
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Emily Wilson (3 months ago)
Hey! if you are in need of a professional hacker to increase your bitcoins and hack bitcoin account , contact MARIODONALD_45 on instagram he helped me to get 30btc in my wallet. He is the best hacker i know and i have tested his services severally and he delivers . I am just sharing this because he has helped me severally and to help others in need of such services. If you are in need of such services contact MARIODONALD_45 .He also offers various services like spying, hacking social media accounts, deleting criminal record, increasing credit score, hacking credit cards and cloning cards, monitoring, etc .
youssef zahir (4 months ago)
http://shortmony.me/daFx /This is a site that collects the petquin and I work in it myself
Reina Johnson (4 months ago)
I'm more confused than when I started. :(
Ded Powl (4 months ago)
I still don't understand. Can you make it short and simple
Shandukani Mukwevho (4 months ago)
Anyone please help me with a donation of bitcoin for a farm i am starting for unemployed youth in rural areas 1LQX86FcGKvNjm1HGTtYZhQ7aG5qYmiyQ
Musa Mmbaga (5 months ago)
i have a feeling that this guy thinks he is not average

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