Risks & Basics of Cryptocurrency (Bitcoin, Litecoin & Ethereum)

Risks & Basics of Cryptocurrency (Bitcoin, Litecoin & Ethereum)

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  1. This is the for community of red pill brothers, buy Dogecoin and Ether right now cause both are going to the Moon!! Not sure about how safe keeping it in a Nano is because the company spits out the seed words for you which I find weird because we should be able to do that ourselves and heard of people actually losing their coins from that hard wallet..

  2. this is in a massive bubble. Buy it when it pulls back

  3. If someone wanedt to get a cold storage 1st. how do I set that up? which one do you have?

  4. If you look at software developer job listings, EVERY bank in the world is hiring developers/mathematitians/computer scientists for internal block chain projects. they are literally out of talent. those projects are huge. block chain is here to stay. but obviously these vampires are trying to push a monopoly in block chain and gain power over cryptos. ridiculous. 😀

  5. Excellent video, quick question, what exactly do you use to store your crytocurrency?

  6. He loads up on cryptos, then he tells you to go and buy more, lol. Agreed! You guys need to buy more Ethereum and Litecoins.

  7. Royston E. Smythe

    It's insane. I made 7% in a single day this week with Bitcoin.

    Not something to put your life savings in but if you have a few spare pennies lying around it's a good punt….with lots of growth potential.

    I would like to see some "baskets" of these currencies in a regulated fund structure (or something at least set up like one) to spread the risk around. Still early days for many finance professionals though and not everyone even really understands how it works.

    Blockchain in one form or another is going to become standard in the future – it's cheaper, faster and low in cost than current methods – and more secure. Crypto currencies are another matter though. They are hard to control for governments and banks so they will usually be against it or will want to have their own say/set up their own.

  8. I don't think cryptocurrencies are a threat to governments. They are basically allowing it, but they could outlaw it very easily. Regulation is coming.

  9. So glad you put this topic. Big thumbs up!!👍👍👍 Have been in this for 2 months. My god, what a wonderful ride with BTC and recently LTC🚀🚀🚀 😄😄😄

  10. been so afraid to put my bank and ss# and basically my life to sign up with coinbase, even though thousands have done so already, I have used Virwox and paxful some, can anybody rest my fears???

  11. Golden_Age_Bodybuilding

    Anyone have Tai Lopez interrupt this video with bitcoin ads like 6 times lol

  12. Thank you for the channels on crypto currency. Thanks for the video.

  13. Francisco Bernabe

    It's a bit confusing, for sure.
    You have Ethereum and Ethereum Classic, Bitcoin and Bitcoin Cash and Bitcoin Gold. While my understanding is that they are not the same currency, they are probably related?
    Can anyone help me understand?

  14. I can understand the fever. You put in a low amount of money & millions coming back. Like the lottery. But who's paying for that? How is it NOT a Ponzi scheme? People say it isn't, but the few things I've looked into say it isn't a Ponzi, even though it still very much looks like a Ponzi.

    And what does that say about our society? If you have a few bucks & you can turn that into millions, why would you work? Who's going to pick up the trash or do law enforcement if we're all out buying McMansions & Lambos via these Pennies from Heaven?

    Remember what happened with books & music? It went digital & then the paper versions got very expensive! If it all moves into the digital version, suddenly your millions may only be hundreds of thousands, or even less! So everyone can walk around saying they're a millionaire or have tens of millions in the ethersphere, but if standard currency is gone there's nobody paying you & you have to pull from your cryptocurrency reserve, probably suffer some really shitty exchange rights.

    There are no solutions. Everyone that complains about a problem & offers up a solution, just finds they've traded one set of problems for another. I'm single & lonely. Let me get married & have kids. Windows sucks, I'll switch to Linux. And on & on.
    Each of these has their shit-ton of awful issues & do not equal the land of milk & honey when going for "the solution".

    I'm not convinced that this cryptocurrency is replacing anything for long. For one, the banks, according to a Japanese news report I read, states that cryptocurrencies account for 1% of the quadrillion in world captial. What's to keep JP Morgan and other banks from making their own that also has insurance & the backing of banking industry & govt behind it? If people are just hunting for the bottom dollar value (as you can see now that people are thinking bitcoin is too high, so the other alt coins are inflating).

    So far it looks like everyone will have millions & it'll cost you half a million for a cup of coffee. Somehow that money is going to look high & have that illusion behind it, but it's not going to be high. It is now, if you're cashing out, but I don't think it'll last. Because it doesn't make any sense: you still have Joe Schmoe putting in a few hundred bucks & pulling out millions, which still doesn't make any sense at all.

    My own FOMO is pretty high, so I'm going to be dabbling in all of this as well, but I've made nothing yet & I'm not taking out a second mortgage to buy bitcoin with. Someone has to be losing at this game, but no one knows who it is yet. Easy money & get rich quick schemes are always perilous…otherwise, why wouldn't we have more multimillionaire Joe Schmoes in the world?

  15. What happens when some asshole buys all the bitcoin?

  16. thanks for the elaboration my man

  17. like you got to stop and think, if your going to say fiat blah blah then the best type of real money is gold and silver, but thats not in a massive bubble, strippers arent buying it because they are so smart. what is a bitcoin? you actually own nothing but it keeps going up so people cant resist it, its called greed. you might get rich in the short term but this will end in tears, i have never heard something this stupid since what people were saying in the dotcom bubble, but this time it must be different……

  18. this is going to be the biggest loss of wealth for people buying into this crap, people are not buying it for reasons of fear of govt or central banks, they are buying it because its going up. your going to lose your hat over this, but you have let greed take over rational. "updated my belief system" more like "i saw it going up and couldn't help myself"

  19. Could you do a video explaining how to do cold storage, I'm not sure if I understand ?

  20. Also this video makes me think of the stock market and how values of something can have volatility and the more attention something gets, the more it drives up in price. So…… you must ask yourself, in the world of money making; is it better to "be rich" on paper as in having bitcoins that are worth X amount, OR… becoming a broker for crypto? I've seen a number of cryptocurrency brokers popping up… and damn, gotta say.. might be a nice side hustle during this boom. 
    deep thoughts

  21. Pretty much an ingenious way to lander money. 🙂

  22. RC20 Coin is a good coin to start.

  23. Great Video.. Love your channel. LTC is going to the moon.

  24. A few days ago I mysteriously became inspired to learn about cryptocurrencies, and then this video pops up. (I'm a subscriber.) Thanks for providing some clarity to those of us who are interested but don't fully understand it yet.

  25. where did you buy the cold storage usb?

  26. Interesting. I’d like to learn more about cold storage options and how to transfer from coinbase to various forms of storage.

  27. Another related topic, for long-term earnings, should i invest in stocks in Tesla? Considering the company's position in the future with renewable energy sources, spacex and solarcity and the fact that Musk is starting vertical integration in Tesla's production chain with the batteries.

  28. Wait….Richard, did you just say "they paid for their flying lessons to fly planes into the World Trade Centre in US Dollars"?. Mate, I really like your channel and most of your content but you need to update your belief system in other areas

  29. Fernando Capellan

    Thank you sir! Very informative video! 👍

  30. Just an idea for a video, maybe you could go into computer security. John Mcafee has several videos on it. If a computer becomes infected, it really isn't secure. Also email, and that sort of thing. There are people out there getting hacked because they don't know any better.

  31. Love your videos. You said you were going to explain why bitconnect is a scam but you didn’t get around to it. I’m curious why you said that.

  32. Can you explain how you would sell your cryptocurrency on Coinbase from Canada? You mentioned Quadrida? Thanks!

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