You have probably heard of of this virtual currency that is Bitcoin : true pillar of crypto currencies, he first exploded in November 2013 reaching the crazy value of 800 €, but mostly went to the moon in December 2017 with its value of € 16,000! Guys who bought that when it was worth penny bunnies must be well happy, but for two years soon the value of this cryptocurrency only makes go down, certainly with some peaks but a slow decline undeniable despite everything So that today it is not worth "That" 7400 €! Well, that's a lot money but blow for those who have bought at the peaks Especially now, we hear more about it
So, is bitcoin dead? Well, we'll see what it is !! Hi it's Leo from the TechMaker chain and today we will talk about Bitcoin ! That's right, you're probably numerous to be interested in it, be it his debut, or to his recent explosion of he two years ago since all TV news have spoken of it as "The currency of the future ! "And that" Banks will die " Oh dear ! Good two years later the banks are still standing, and I still have some euros in my wallet, but for all that, was what a bad idea to put in this crypto currency? By the way, what is a crypto currency ? Well it's a virtual currency aimed to replace our current currencies, sometimes by removing an intermediary: the banks Because yes today our money is at inside banks and concretely their operation is not transparent, and if you have in theory 1000 € on your account and you're told that this money is yours, the bank in question is actually going use it to make loans, for example investments, etc And so possibly not be able to return it to you if too many people trying to get his money back at the same time
There we speak of small values but imagine that over several hundred thousands of euros and certainly in France we are protected, at a height of 100,000 € by the so-called Deposit Guarantee banking, but that's not the case in from other countries like the United States and so if a bank your money and she goes bankrupt, your money is literally gone in smoke! But in short, you are obliged to confide your money to someone if you do not want not have to hide stacks of banknotes under your mattress! Or even just if you want to use it in a dematerialized way, for a payment on the internet for example Crypto currencies make it possible to so that the transactions are made of you to the seller, without any intermediary, and it more or less encrypted in function of cryptocurrencies Accounts are held in a decentralized way, this which makes us not dependent of a particular person or organization The best known of these currencies is surely bitcoin, created in 2008, but it's not the first to have emerged, because in reality crypto coins it goes back in 1989 with the DigiCash! But hey, it's a bit like Virtual reality is not the Virtual Boy who marked the spirits even if it is the first helmet to be released decades before the Oculus In short, behind, this currency makes talk of her, her operation related to the blockchain also, many other currencies have seen the day and some have met with them too some success, the best known being surely the Ethereum, the Ripple, or the DogeCoin; Yes it exists, and all that shows also that there is a gigantic market to that level, and anyone can create his own cryptocurrency! There is even a youtuber who did it for the joke and for finance one of his projects, the baborcoin
Listen, one day I'll sell TechMakerCoin who knows! After all that, first sales are do with these crypto, the first for the bitcoin being the famous pizza with 10,000 bitcoins when it was worth $ 0002 Yeah today that's equivalent to 70 million! I hope that she was good anyway! All this allowed to make known the crypto and mainly bitcoin, which did it two years ago now it was became ULTRA popular, a little too much The purpose of this video is not for all that to make a history because if I have to talk to you about history cryptocurrency, what is the blockchain as well as to explain you the mining one in is for 150 years so I will stay succinct on it and that's also why I took a lot of shortcut but if you want to know more, I advise the chain PowerHasheur that can allow you to learn a little more about how it works in a little more depth, or the very long video of Amixem on the subject who is serious cool! In short, with all that, other currencies have created, the best known being the Ethereum that many consider the best cryptocurrency, or the Ripple, which is private and managed by banks And that has his little success eh! Like what, there who are going on crypto just because that's too much digital tavu The hype for all these crypto currencies to been growing, to the point that both more known make sacred leaps, bitcoin and the ehtereum, but also other alt corners like the grpace verge to a tweet of John McAfee, the guy behind the famous anti virus! We are talking here about a currency that is spent from $ 0005 to $ 0
23! And that makes ridiculous values if we look at them like that, but it wants to say that for $ 1,000, we could buy 20,000 yards, that's a lot of verge! And so bah resold at $ 023, we arrive at $ 46,000! Yeah a little X46 thanks to a tweet, we say thanks Twitter and thank you Johnny! But that's nothing compared to Bitcoin which reaches a meteoric value that goes up nearly $ 20,000, which means that everything the world is talking about it and that everyone, on Internet, radio and television and everyone buys, me, you, your grandmother, everyone is interested, to the point that some banks forbid buying these crypto directly and you call if you plan to do it, and I know of what I speak because even my banker had me called for that when I had squandered all my Youtube Money in there! Good luck he did not stop me from taking it could be from! In short, but all that, it existed before boom of 2017 so we do not learn much and that hurts me because we stop learning, so we'll talk about what happened after! Because indeed, on the threshold of reaching the 20 000 dollars worth, patatra, the hype is party, whether for bitcoin and others currencies like the rod that we just talked about, and that's quite understandable, full of people got into it just because we told them "Bah wait, it's money easy, look on BFM TV, they said, and since it's TV, it's surely true "and paf, people started to buy, with even physical stores to do it ! Is it that shocks me or ? The worst thing about this story is that people were buying without knowing what it was serves, how does it work, what is the purpose or even how to use them Just because that "oh too lol easy money and then the blockchain it's the future there is Nabila who said it"
What makes people were disappointed when they visited account that this money could not be used at the corner store, and that finally they felt like threw money out their window because it just did not know what they were doing Add to that the banks that for some did not want it to evolve because it breaks their business, and the governments a little too old who did not understand anything all that but who wanted to regulate everything despite all, bitcoin was in the sauce In addition to that, since many buyers naive potentials have arrived on the market, a lot of sellers have also arrived to try to enjoy it, with unfortunately too little knowledge, and so did lose money to a lot of people, and here I'm going to talk to you about one of my experiences, as I myself a lot of interest in the thing at the time ! I bought RaiBlocks, a cryptocurrency promising enough, but that was not available on many exchanges (the sites that could be exchanged its currencies, usually against Bitcoin but who can also manage your wallet) In short the currency goes up, I'm too happy, she is renamed Nano, that's good Imen crazy, but overnight, Paf, Bitgrail, the exchange in question, is stolen all his NANO! So, bah users have it in the bone, and this story continues because if you go on the homepage of the site, it's written full of stuff like what the trial is still going on, and finally, we come to the same problem, our Money does not belong to us here either And hacks of this style, damn it had, too much, already that one is boring, but then it was much more only one
And certainly we could keep it on a "cold wallet "(the name for a personal wallet) but it loses in practicality as soon as you want make the exchange, and suddenly between this kind of issues, the scams in any kind, and the non-evolution of the system within 5 days after buying madam Michu who could not buy his iron at return to Amazon with its flaming bitcoin nine, all that has actually dropped the market seen that a lot of people wanted to sell everything to release the ship Yet, there are a lot of changes on all this system there, be it cryptocurrencies in general, or bitcoin! To talk about newcomers in crypto currency, the best known is the Libra that arrives soon a Crypto made by our boyfriend Marky Mark that we talked about ago two videos And yes, this cryptocurrency has been created by Facebook, and the purpose of the latter is to propose a cryptocurrency with very low transaction fees and a high volume capacity, ultimately get a stable currency This currency could be used in emerging countries where a lot of people does not have any just no bank account right now, and for once I do not think it's stupid all ! Especially here it is easier to have important partners, already because having Facebook in support, it creates a certain weight, but also to sell in countries where it is currently complicated, and thanks to these two points there, Mastercard and Visa joined the project, but also services like Uber and Spotify! All that to already allow to buy Libra more easily, but also to allow pay your Spotify subscription with
Well, the fact that it's such a society who pushes cryptocurrencies we lose a little the free side of the thing because it also wants to say they have control over it despite a blockchain management with software open source So well it's a little bit same problem as other crypto currencies we saw so much Especially that the project a little wind of face, with for example Paypal who dropped the project this October 4th, but also Visa and MasterCard and some others big supporters, so to see how things are going really evolve But all this for to say, there are still people today who want to evolve all this market ! So, maybe for good or bad, it's another debate, but for all that if companies of this style are involved, is that there is a real interest in my humble opinion! And the bitcoin in all that? Is that he is dead? Well no, he even rather well evolved since! If already look at his price curve, he recovered of his fall from the beginning of the year, with a new peak above $ 10,000 this summer, which did not last very long, but is today findable in the $ 8,000, this which remains low compared to its historical peak, but a tour de force when again, we think back to the fact that it was worth $ 0002 y less than 10 years old! At the level of the currency itself, the problem is that we come across something that we can no longer generate, or in any case more with moderate means; there where a few years ago you could generate bitcoin thanks to your computer hardware with the famous mining you surely have heard at the time, today it would take 15 quantum computers turning in parallel to hope to glean a thousandth of this famous cryptocurrency! Well I exaggerate a bit, but you see a little the problem; the number of bitcoins being limited, it becomes more and more complicated to acquire, which makes it become very complicated to count their value and we will often prefer moreover talk about satoshi that fits the value in bitcoin, 8 commas on the right; basically 00005 bitcoin corresponds to 50 000 satoshi, basically 4 dollars Satoshi being the assumed name of the creator of the currency, still unknown to the battalion so far elsewhere
He also had children; the bitcoin Cash, Bitcoin Gold and Bitcoin SV, fork help Here, it's a huge bazaar to speak of fork in a video of this style so basically tell you that these are derivatives of the main currency allowing to change the rules of how that works, to lower transaction fees, or improve security behind all that The advantage of these forks allow already having "free money" between big quotes because when they are arrived the owners of bitcoin started with a small starting wallet, a little like the legacy stuff in World of Warcraft, and so also to distill the different users, as well as repairing rules of Bitcoin because unfortunately this currency is far from being flawless, due to its old age in the first place In conclusion: Bitcoin is clearly not not at the best of its form as a value, but it continues to evolve and especially the global market for cryptocurrency is changing also on his side and that's what is the most important, so that can we will have other alt corners that will still arrive on the market, and who know, maybe a real successor, maybe same as the latter already existed, there under our eyes, but we do not know it yet And it's a very complicated subject because it's impossible to predict today how all that will evolve unless you have a crystal ball, and there will always be people who are far too refractory, like others Too much enthusiasm And do I regret to have invested? Well, not really, already because I invested money I did not have need and that's a tip that I give you here: put in there only money you can lose and you do not care limit of losing: I personally said as soon as I had put in that I lost that money not be disappointed if it flops, and at worst happy if it works And second, it's also because I believe in technology, in the blockchain, and a world that can evolve with crypto currency, and maybe bitcoin will only be not the crypto currency of the future, surely but I find it so much more exciting to live that than to arrive in a world where the technology already exists, after all we see the story being shaped and can to be that it will not lead to anything, but can to be faced with a real revolution economic, and that, only the time we the will say! So to see how to continue to evolve! And you? do you still believe to bitcoin? Or in another crypto change ? Or finally you are happy with your euros? Well tell me all this with the card that just appeared at the top right on your screen, and of course argue in comment! Besides, if you believe more and that you have it, at worst you can get rid of me by sending them eh! here is my bitcoin address and I really do that heartily and to help you huh! I hope in any case that the video you will have pleased and that I would have managed to synthesize and popularize all this without losing yourself or take too much shortcut, if you liked my job in any case do not forget the little blue thumb of love and of course to follow me on social networks : Twitter, Instagram, Tik Tok
We are already I never did anything about it, unbelievable ! Do not hesitate to share this video a maximum, especially to your friends who have spent in bitcoin when they have it seen on TF1 and who have been waiting since a recovery in vain, and of course if this is not already done subscribe to the chain by clicking on the logo that comes to appear right there, it was Leo of the TechMaker channel and above all, do not stop never to learn! Hello !