JoelWarby

What IS Bitcoin?! An Explanation of Why Bitcoin has Value!

Education
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
In this video I explain what is Bitcoin fundamentally and why does it have value to investors.

If you have any questions then please comment below.

I hope this video has been informative.

Comments

Just curious when Bitcoin dips is it best to hold onto what I have or cash in so to speak then buy at a lower price or shouls I just hold?
+5 Reply
JoelWarby laurarothenburg13
@laurarothenburg13 Personally I hold and then look to add to my portfolio in the dips.
+1 Reply
Gold is not a compound, its an element.
+3 Reply
JoelWarby makhovaa1
@makhovaa1, Thanks 🙏
Reply
expected btc to take a big fall to 20000 soon
+3 Reply
JoelWarby escape6115
@escape6115, What makes you think?
Reply
JoelWarby olotonmike
@olotonmike, Thanks
Reply
Couple of things to point out here - the current block reward is 6.25 BTC, so 1 BTC "every 10 minutes" is false.
And, importantly, the "velocity of money" isn't directly related to how easy it is to transact. Of course (indirectly) if an economy used boulders as money, its difficulty of use would likely impact the velocity, but the velocity of money is how often a unit of currency is exchanged in an economy - quite a different concept. It shows, for example, how much of the money supply is being 'hoarded' and how much is being spent.

All the best!
+3 Reply
@JCuervo Thanks for taking the time to comment
Reply
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