Cryptocurrency In 5 Minutes | Cryptocurrency Explained | What Is Cryptocurrency? | Simplilearn

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Published 2021-06-29
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This video on Cryptocurrency covers all the important concepts from basics to advanced. Also it covers all the information about Cryptocurrency like what Cryptocurrency is, how Cryptocurrency originated, How Cryptocurrency works, How Cryptocurrency benefits us and How it works on Blockchain. Don't forget to take the quiz at 03:50!

These are the topics we will be discussing in this video:
0:48 - What is Cryptocurrency?
1:11 - What makes Cryptocurrency so different and interesting?
2:18 - How Cryptocurrency works?
2:54 - What is CRYPTOin Cryptocurrency?
3:18 - Impact of Cryptocurrency on the World
3:31 - About Malta Island
4:12 - Benefits of Cryptocurrency
4:25 - Future of Cryptocurrency

Cryptocurrency works on Blockchain Technology, it is decentralized, open source and a mode of peer-to-peer transaction. it is not issued and controlled by any government or central authority, unlike other payment systems.

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#Cryptocurrency #WhatIsCryptocurrency #CryptocurrencyExplained #CryptocurrencyForBeginners #CryptocurrencyMining #CryptocurrencyTutorial #CryptoBasics #CryptocurrencyExplainedSimply #CryptocurrencyExplainedForBeginners #Simplilearn

Cryptocurrencies have become increasingly popular over the past several years - as of 2018, there were more than 1,600 of them! And the number is constantly growing. With that has come to an increase in demand for developers of the blockchain (the underlying technology of cryptocurrencies such as bitcoin, thereum, dogecoin).

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All Comments (21)
  • @DelaneyGilfillan
    You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
  • What is the best strategy to enter crypto trading now for someone with more or less than $7k
  • @AdamMatis-ux2ny
    I have been trading in losses. Can someone pls tell me what I'm not doing right
  • @Helfriedbittner
    Great video and very straightforward. I don't see any other perfect time for one to invest in crypto and trade than now. I don’t think that buy and hold is a valid investment strategy anymore but trading is worth it and you make more money when you trade correctly. just made my first $100,000 in crypto and I barely know how to express how happy and excited I am right now. Its all about knowing what strategy to apply and when.
  • @DerrickTakara
    Thanks for the constant updates. I prefer to trade in the stock market because it is more profitable. I make an average of $34,500 every 2 weeks even though I barely trade myself.
  • @G-DonFrank
    There are lots of mixed opinions about cryptocurrencies, stocks and their projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
  • @tracybodinaar
    The smartest thing that should be on everyone's mind right now should be to invest in different streams of income that are not dependent on the government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC ETH...).
  • My biggest regret was not investing into Bitcoin when my friend introduced me to Bitcoin in 2014 when I had 16 btc ❤️
  • The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Sarah Jennie Davis, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
  • Hey, I want to start investing but I don't know where to begin. Any advice or contacts for help??
  • @chi-chi129
    This video is highly informative. Despite watching numerous YouTube videos on market trading, I haven't made much progress. Many lack clarity or focus on success stories, and I'm cautious about avoiding mistakes by taking risks into my own hands.
  • @TaylorFoxx-
    I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Amelia Lane Eaton you're such a life saver.
  • @user-gy4rs6ox6p
    I'm new to cryptocurrency and don't understand how it really works . Can anyone guide me on the right approach to invest and earn a good profit from cryptocurrency investing?
  • We work for years to earn $1million on our retirement, while some people put thousands of dollars in some meme coins and they become millionaires.
  • @martinthomas9371
    Great video! Well I'm so happy I made the best decisions by having a good investment, Recently I'm able to acquire my third house even at my age and I believe if things keep going well I would retire early
  • @IPENTV
    Wow, after watching this... I was able to understand what Cryptocurrency is all about.... Thank you for making this video
  • @foreverkpop1398
    Thank you for this video. It really helps me a lot in understanding cryptocurrency
  • @AnongJoe
    I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I'm up with 244k in a short period of time. This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.