{"id":10089,"date":"2023-08-08T09:55:43","date_gmt":"2023-08-08T09:55:43","guid":{"rendered":"https:\/\/isafespend.com\/investing\/video-the-good-the-bad-and-the-digital-about-cryptocurrency\/"},"modified":"2023-08-08T09:55:47","modified_gmt":"2023-08-08T09:55:47","slug":"video-the-good-the-bad-and-the-digital-about-cryptocurrency","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=10089","title":{"rendered":"VIDEO: The Good, the Bad, and the Digital about Cryptocurrency"},"content":{"rendered":"<div id=\"hs_cos_wrapper_post_body\">\n<p style=\"text-align: justify;\"><span face=\"tahoma, arial, helvetica, sans-serif\" style=\"font-family: tahoma, arial, helvetica, sans-serif;\"><\/span><\/p>\n<p style=\"text-align: justify;\"><span face=\"tahoma, arial, helvetica, sans-serif\" style=\"font-family: tahoma, arial, helvetica, sans-serif; line-height: 1.5em;\">Cryptocurrency has been\u00a0<\/span><span face=\"tahoma, arial, helvetica, sans-serif\" style=\"font-family: tahoma, arial, helvetica, sans-serif; line-height: 1.5em;\">around for a while,\u00a0<\/span><span face=\"tahoma, arial, helvetica, sans-serif\" style=\"font-size: 1rem; font-family: tahoma, arial, helvetica, sans-serif; line-height: 1.5em;\">but a sizable portion of the population doesn&#8217;t\u00a0<\/span><span face=\"tahoma, arial, helvetica, sans-serif\" style=\"font-size: 1rem; background-color: transparent; font-family: tahoma, arial, helvetica, sans-serif; line-height: 1.5em;\">understand what it is and how it works. In this video<\/span><span style=\"font-size: 1rem; background-color: transparent; font-family: tahoma, arial, helvetica, sans-serif; line-height: 1.5em;\">, we break down everything, from its history to its relevance in the market.<\/span><\/p>\n<p><!--more--><\/p>\n<div>\n<div class=\"hs-embed-wrapper\" data-service=\"youtube\" data-responsive=\"true\" style=\"position: relative; overflow: hidden; width: 100%; height: auto; padding: 0px; max-width: 500px; max-height: 375px; min-width: 256px; display: block; margin: auto;\">\n<div class=\"hs-embed-content-wrapper\">\n<p><iframe loading=\"lazy\" title=\"The Good, The Bad, The Digital about Cryptocurrency\" width=\"768\" height=\"432\" src=\"https:\/\/www.youtube.com\/embed\/heOG3JhVHJU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<\/div>\n<\/div>\n<h2 style=\"text-align: center;\">\u00a0<span style=\"font-size: 14px;\">VIDEO TRANSCRIPT\u00a0<\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: tahoma, arial, helvetica, sans-serif;\">Today we&#8217;re going to talk about\u00a0cryptocurrency. It is a digital form of currency that can be used to purchase\u00a0goods, services, and also can be used for investment purposes.\u00a0Cryptocurrency is traded peer-to-peer through decentralized blockchain technology.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: tahoma, arial, helvetica, sans-serif;\">Let&#8217;s take a step back&#8230; Peer-to-peer means trade between two willing individuals\u00a0through a decentralized meaning it&#8217;s not overseen by the federal government with blockchain technology, which is a virtual public ledger that records transactions. Say I wanted to send you some cryptocurrency\u00a0I would post the transaction\u00a0in my cryptocurrency\u00a0wallet then it would go through this process to make sure it&#8217;s a legit transaction. This is the mining phase- when most people think of a miner you&#8217;re probably\u00a0thinking of someone with a pick hacking away gold and that&#8217;s not exactly what that is. In this case cryptocurrency,\u00a0miners are really computers that are processing these transactions. They are reading the cryptographic keys and once they confirm the transaction is correct they post it to the blockchain. Once it is posted people are allowed to see the transaction.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: tahoma, arial, helvetica, sans-serif;\">Cryptocurrencies have been around since the 1990s when tech companies were thinking of new forms of currency. Digital currency was an idea at the time but it never came to be until 2008 when Satoshi Nakamoto released a whitepaper on Bitcoin. It was after this that Bitcoin became readable available for trading in January of 2009.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: tahoma, arial, helvetica, sans-serif;\">In 2017, Bitcoin was valued at just under $1,000 per Bitcoin and quickly rose to close to $19,000 per Bitcoin. However, once it did reach the high point it did come back down to under $9.000 per Bitcoin. It is volatile\u00a0and you should be aware of that. There is more to cryptocurrency\u00a0than Bitcoin. Have you heard of etherum, dash, or ripple? You might not have heard of them but these are other types of cryptocurrencies.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: tahoma, arial, helvetica, sans-serif;\">So why are you hearing more about cryptocurrencies? While the fame of Bitcoin is well known in general\u00a0these currencies are becoming more relevant because there are individuals\u00a0that believe\u00a0it&#8217;ll be the new currency, so they want to buy them now as they&#8217;re cheaper.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: tahoma, arial, helvetica, sans-serif;\">If you&#8217;re interested in investing in cryptocurrency\u00a0make sure to do your research into what you&#8217;re buying and once you think you&#8217;ve done enough\u00a0research do some more! I hope this has been helpful in learning about cryptocurrency.\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<p><script>(function(d, s, id) {\n  var js, fjs = d.getElementsByTagName(s)[0];\n  if (d.getElementById(id)) return;\n  js = d.createElement(s); js.id = id;\n  js.src = \"\/\/connect.facebook.net\/en_GB\/all.js#xfbml=1&status=0\";\n  fjs.parentNode.insertBefore(js, fjs);\n}(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/moneynav.com\/blog\/good-the-bad-and-the-digital-about-cryptocurrency?hsLang=en\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency has been\u00a0around for a while,\u00a0but a sizable portion of the population doesn&#8217;t\u00a0understand what it is and how it works. In this video, we break down everything, from its history to its relevance in the market.<\/p>\n","protected":false},"author":1,"featured_media":10090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-10089","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VIDEO: The Good, the Bad, and the Digital about Cryptocurrency | iSafeSpend<\/title>\n<meta name=\"description\" content=\"Cryptocurrency has been\u00a0around for a while,\u00a0but a sizable portion of the population doesn&#039;t\u00a0understand what it is and how it works. 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