Introductory To Cryptocurrencies #1

Hey everyone, I'm currently in the process of building a course that shows beginners how to get started with bitcoin and investing in Cryptocurrencies. I'm still pretty new to this whole thing myself but bare with me as I learn how to do it along with you.

Over the next few days I'm going to be taking my free cryptocurrency investing course and turning into posts here on Steemit.

If anyone is interested you can enroll in the free course by clicking the link below:

http://learnhowtobecomeafreelancewebdeveloper.teachable.com/p/introductory-to-cryptocurrencies-and-investing/

Alright let's get started with the first lesson, in today's lesson we are going to very briefly talk about Cryptocurrencies. You can watch the video version of this lesson below:

All right, everybody.

Welcome to the very first lecture of this course. In this lecture, we're going to talk a little bit about cryptocurrencies.

Now, one thing to understand is that if you're brand new to this whole world of cryptocurrencies, and bitcoin, and all that kind of stuff, it's going to be a little bit confusing at first and I'm going to try to dumb things down and just make things as easy as possible to understand.

The cool thing about cryptocurrencies is you don't have to really understand how they work to get started with investing in them.

It's like the stock market. You don't really have to know the specifics about the little things, but it is helpful to have a basic understanding.

I'm going to talk about that a little bit in this lesson.

On this page here, I'm on coinmarketcap.com, and you can write this website down if you want.

what are cryptocurrencies #1.png

This is a cryptocurrency market kind of ... They just keep track of the market.

You see here that there's all these different cryptocurrencies and these are called AltCoins. You'll see that there's a lot of different kinds.

Now, again, like I said before, this is a little bit confusing. It can be a little bit overwhelming to understand at first. You know what? Right now all I ask you to do is just keep in mind that these are all different types of online digital currencies that you can trade online.

At the very top, we have bitcoin and bitcoin is the main one. It's the one that gets traded the most. It's the one that represents everything here.

It's like the USD or American dollar of online ... When people buy stuff online, they always use for the most part, most people use USD. It's the main trading currency online. Bitcoin is like the main trading currency of all these different little Alt Coins we have here.

Again, you don't have to keep track of them. You're not going to know what any of these things are. In fact, I don't even know what most of these things do. All I know is the name and you can see here how much they're worth. Again, this is how much they're worth in American dollars. You can change them to your currency if you want. I'm Canadian. I can click here and I can see all the different prices as I'm Canadian.

What I'm going to do in this video is I'm going to leave a reference, a little reference material that you guys can check out like some webpages and stuff that explain cryptocurrencies a little bit better, but I'm not going to go into too much detail because I don't want to confuse you guys.

I don't want to throw you off or make this whole thing seem so complicated because it's really not. Investing in cryptocurrencies, it's really simple. It's really easy and, in this video, like I said, I'm just giving you guys an introductory to all the different currencies we have here and there's a lot of different ones.

The main one to keep in mind is bitcoin. Bitcoin is going to be the main one. You can see here that it's by far worth the most. I'm just going to switch this back to American dollar.

You can see that bitcoin is worth one bitcoin, that's one bitcoin is worth $2,332 American. That's insane. I look at all these other ones. They don't even come close to it. Bitcoin is the main one you want to understand. Again, these are all the different types of cryptocurrencies that there are on the internet.

You can see there's quite a bit. It goes all the way down to 100. Actually, there's even more than 100. It just keeps going. You know what? Don't worry about that. Don't worry about any of this. In this course, I'm going to show you guys how you can invest smartly and how you can slowly make a profit off all these different coins.

Again, I just want to give you guys an introductory.

If you guys want to go ahead and read more about cryptocurrencies and stuff like that, there's a few links in the external links section for this video, you can grab those links there.

That's just a quick little introductory for cryptocurrencies.

In the next lesson, we're actually going to talk more about bitcoins and how bitcoins work. Again, just a quick introductory here, for you guys. Check this page out. You can just look at some of this stuff if you want and check out the further reading, reference materials that I left for you guys if you want to learn more about cryptocurrencies.