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In this video, I decided to elaborate on 3 things that Bitcoin is:
• Decentralized
• A store of value
• Peer-to-peer
And 3 things that Bitcoin isn't:
• A pyramid scheme
• A lending program
• A "get rich quick" scheme
Lately, I've noticed that a lot of new comers to the cryptocurrency space are still unsure of what Bitcoin actually is, and how they earn money from it. Hopefully by watching this you will have a better idea of how people actually make money from owning Bitcoin.
In this video, I also try to explain how Bitcoin related scams and pyramid schemes work, and advise you guys to stay away from these.
If you have any thoughts or questions, please be sure to leave them in the comments down below. Also, if you found this video helpful, please be sure to give it a like, and consider sharing it to your friends, that would really help me out.
How to buy Bitcoin in South Africa on Luno.com