How To Invest In Crypto Full Beginners Guide

    I'm hearing some real personal success stories in my own life of people I know who are making hundreds of thousands of dollars in cryptocurrency I don't want any of you to miss out on this opportunity because if you think it's too late, I won't be able to join you. Well, that's far from the truth I think we are still in the early stages of the development of cryptocurrency, especially bitcoin, and one of the most important things that you can do is to invest now and get started now.  

 What is bitcoin how it works

    let's start this off by talking about the background of bitcoin what it is and how it all works to break things down the easiest way to explain the way cryptocurrency works is this is just a peer-to-peer transaction.

  So, if I wanted to send you money I would do it through Venmo or the cash app or PayPal if I'm trying  Venmo some money what happens is I have my ten dollars and I want you to get it doesn't go straight from me to you, although that's what we see on our end the back end of these transactions often entails a third party company that handles the exchange

 I really want you guys to pay attention to this next clip talking about the dangers of using some of the most popular apps like PayPal and Venmo and if you didn't know yes PayPal does own Venmo Paul leach a former Venmo user said he had thousands of dollars taken out of his big account by way of hackers according to leech the hackers made a few micro tester transactions taking out as little as 18 cents at a time PayPal who now owns Venmo set up a lawsuit with the federal trade commission last year over privacy violations for selling buyers purchasing habits to companies.

    What you have to realize now is that big fintech companies will prioritize other people's data and sell that for extraordinary amounts of money this is not an uncommon practice, and it's actually pretty sad this may be how I personally got my identity stolen who knows a lot of the sensitive information that you would never think getting revealed to other companies happens on a daily basis and this is one of the things that cryptocurrency is here to help alleviate and to solve aside from those things we're not even going to go into the topic of security and the liability that the banks have in trying to have all of our money and the instability of the fiat currency.

    All you need to know is that there are a lot of downsides when you are using a primarily peer-to-peer system that relies heavily on different entities outside our control with cryptocurrency or bitcoin you get something called a wallet address this is pretty much a long series of numbers and alphabets that's where you can send the money you don't ever have to worry about that transaction getting reversed you don't have to worry about the transaction getting hacked the way bitcoin works are secure, and it's pretty awesome just in case I didn't do a good job of explaining through my analogy on what bitcoin is.

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