Bitcoin: How Cryptocurrencies Work

Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems.

Hosted by: Michael Aranda

Special Thanks: Dalton Hubble

Learn more about Cryptography: https://www.youtube.com/watch?v=-yFZGF8FHSg
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Sources:
https://bitinfocharts.com/
https://chrispacia.wordpress.com/2013/09/02/bitcoin-mining-explained-like-youre-five-part-2-mechanics/
https://www.youtube.com/watch?v=Lx9zgZCMqXE
https://www.youtube.com/watch?v=nQZUi24TrdI
https://bitcoin.org/en/how-it-works
http://www.forbes.com/sites/investopedia/2013/08/01/how-bitcoin-works/#36bd8b2d25ee
http://www.makeuseof.com/tag/how-does-bitcoin-work/
https://blockchain.info/charts/total-bitcoins
https://en.bitcoin.it/wiki/Controlled_supply
https://www.bitcoinmining.com/
http://bitamplify.com/mobile/?a=news

Image Sources:
https://commons.wikimedia.org/wiki/File:Cryptocurrency_Mining_Farm.jpg
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    https://youtu.be/RXrKFcgFYVg good project

  • Cesar Guardiola

    Great video. Now time to start buying more Bitcoin.

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  • INDIAN ATTAR

    Binanceis a cryptocurrency exchangebased in Malta. It has very low fees atjust 0.05% per trade.It supports lots of coins and has its site available in multiple languages, such as Chinese, English, Korean, Spanish, Japanese, Russian and French.Once you purchase Litecoin, Bitcoin or Ethereum you can use Binance to convert one of those three coins into nearly any altcoin.Binancehas become popular for a few reasons:1. It has the most volume of all cryptocurrency exchanges.This means it’s very easy to go in and out of coins at a good price. Most coins have deep markets, making Binance ideal for both big and small buyers and traders.2. The Binance Mobile AppsBinance has, by far, the best cryptocurrency exchange app. Binance’s app is available for both iOS and Android. It’s very easy to use and my be one of the most well designed applications I’ve ever seen.Here is what the Binance mobile app looks like:The Binance apps are available for free download. You’ll want tocreate an accountbefore you download the apps in either theGoogle Play Storeand iOS Swap Coinshttps://www.binance.com/?ref=17533919

  • Jame Ponndorf

    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. (Jamesponndorf284@gmail.com)

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  • itsago

    That is great info, thanks a lot

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  • chris claim

    furcoins.com is better for bitcoins

  • no name

    Tech will change... there will be a bit-coin technological weakness exploited... value seems arbitrary and volatile. IBit coins undermine national fiscal policies of nations. bitcoin is a dog fart. I have no confidence in this.

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    Holy Cow!! This was AMAZING! Thank you!you guys did a TON of Hard Work on this Video. #Perfection!

  • Kiran Goveas

    if bitcoins are created and given to the 'miners' when they update the ledger, who is generating these new bitcoins 'out of thin air' ?

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  • RANI BHATI

    do check this out as well .. fuglysearchers.blogspot.com/2018/06/cryptocurrency.html for more info

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  • Bracer Jack

    This is a detail technical explanation of how the Blockchain actually work: https://www.youtube.com/watch?v=FeeVuqO1M6k

  • Javi Moreno mendoza

    Hello, Could you analyze a new Spanish project that is being quite successful called Bitone Network whose presale is on July 31? It seems that its goal is to link bitcoin with the rest of the blockchain and allow its interoperability, it can be a big thing. Thank you.

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  • Mark Green

    It’s not easy on large exchanges. There always will be both dissatisfied and satisfied traders, the main thing is the prompt solution of existing problems. HITBTC quickly responds to tickets and quickly solves simple questions, and it is necessary to understand in difficult situations no one will help you in a short time.

  • Samra Memon

    Great video! Please make a video on how stock market works and how to invest in them

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    So how do you make USA dollars off this???

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    Make bitcoin illegal!

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    Sounds to complicated

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