[00:01] from A to Z. In today's video, I'll explain what Bitcoin is, how and why it emerged and came into existence, how it actually works, how to invest in Bitcoin, and how people get rich from investing in Bitcoin. So grab your coffee and let's get started! The first
[00:15] thing we'll begin with is the fundamental question: What is Bitcoin? Simply put, Bitcoin is a digital currency that operates independently of any central authority or intermediary. This is unlike traditional currencies like the dollar, the euro, or your local currency, where an institution
[00:29] prints an unlimited number of coins, and there's an intermediary involved in transfers, savings, or storage, usually a bank. In short, no one can control Bitcoin or even issue more
[00:42] than the maximum supply of 21 million Bitcoins. Bitcoin was created in 2008 by an individual or group of people using a pseudonym.  It's Satoshi Nakamoto, and to this day, no one in the entire world
[00:57] knows who created Bitcoin. Now, let's move on to the second question: how and why did Bitcoin emerge and come into existence? Well, my friend, it all started in 2008 when Satoshi Nakamoto—whether it was one person or, as we said, a group of people—published a
[01:12] white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." The goal was to create a digital currency that would enable peer-to-peer financial transactions without any intermediary. For example, someone named Ahmed could use Bitcoin to send money
[01:26] Bitcoin to send money directly to someone named Mohammed without any intermediary or third party, such as a bank, financial institutions, money transfer apps, or even credit cards. This was in addition to the need for an alternative currency or even an alternative monetary reserve to the dollar, which had
[01:39] lost credibility in the 2008 financial crisis. This financial crisis was very severe and is considered the second worst economic crisis to have occurred in America and the world. And frankly, I always...  I have a feeling or inner doubt that Bitcoin was a
[01:52] financial counter-revolution against the global financial system controlled by the dollar and a few huge capitalist institutions. And here comes the third question, which is: How does Bitcoin work?  Look, my friend, imagine you're part of a huge, global community. Let's say this community has more than 10 million people
[02:06] worldwide, and you all decide to create your own digital currency to use instead of the dollar. Let's assume this digital currency is called Bitcoin. Every person in this community has their own digital ledger, and this ledger exists only on the internet or on
[02:19] electronic devices like computers or phones. The actual name of this ledger is the blockchain, or blockchain. The blockchain is the digital ledger for all Bitcoin transactions. Every transaction that takes place using
[02:32] Bitcoin is recorded in this ledger. For example, if you live in America and transfer 10 Bitcoins to someone in China, you'll write the transaction details in your digital ledger, which is that you transferred 10 Bitcoins to another person. Then, you'll present the transaction to the entire community to verify its validity and
[02:45] legitimacy. This is where the revolution lies, because normally, there's only one person involved.  The entity that verifies the validity and legitimacy of a transaction is, in reality, and we all know it's called the bank. But in our case, every person in this community will verify and
[02:58] confirm the transaction. So, who in the community verifies the validity and legitimacy of the transaction? This is where the miners come in. Miners are the guardians of the digital ledger, which, as I mentioned before, is actually called the blockchain. The miners' task is to verify every
[03:12] transaction that occurs and ensure its legitimacy. However, this verification process is not easy at all and requires solving complex mathematical puzzles. Of course, no one solves these puzzles manually. In reality, miners use very powerful computers to solve these puzzles. Every time they solve the puzzles and
[03:26] verify the legitimacy and validity of transactions, these transactions are added to the digital ledger we mentioned, which is called the blockchain. Once a transaction is verified and placed on the blockchain, it exists forever, and no one can tamper with it. It changes or reverses it, and this makes
[03:39] Bitcoin safe and reliable because these transactions occur on thousands of computers worldwide. But of course, miners don't do this for free; they do this work and in return receive rewards in the form of new Bitcoins. This is the only way
[03:51] new Bitcoins. This is the only way sell the Bitcoins they received as rewards on the market, or they can even keep them and sell them whenever they want. The new Bitcoins that
[04:03] miners obtain through the mining process are halved every four years in an event called the halving. For example, in 2009, 50 new Bitcoins entered the market every 10 minutes from mining. Four years later, in 2012, only 25 Bitcoins entered the market. In 2016,
[04:18] only 12.5 Bitcoins entered the market from mining. In 2020, 6.25 new Bitcoins entered 2020, 6.25 new Bitcoins entered the market.  In 2024, only 3,125 Bitcoins will enter the market. The halving will continue to happen every four years until
[04:34] all 21 million Bitcoins have been mined. After that, miners will only receive rewards from transaction and transfer fees, which are the fees that the network deducts from Bitcoin transfers between people. Keep in mind that the number of Bitcoins being produced is limited and cannot exceed
[04:48] 21 million. This is what protects the value of Bitcoin and allows it to reach the prices we see now. Now, let's talk about how to invest in subscribe to the channel and activate the bell icon to see previous and
[05:00] upcoming videos. Also, like the video so that it reaches the largest possible number of people, and everyone will benefit from it.  Look, my friend, what I'm about to say, I've said in several videos before, but I'll say it again in case you don't know it.  The cryptocurrency market is
[05:12] very large, and Bitcoin is the largest, strongest, and first cryptocurrency in the entire market. I want to tell you that the liquidity in Bitcoin alone represents more than 60% of the total market capitalization. People typically buy and sell Bitcoin to make a
[05:27] profit or to preserve the value of their money. This is because Bitcoin is currently considered a trustworthy asset, similar to gold. Frankly, in my opinion, Bitcoin is even stronger than gold for many reasons, including the ease of holding and storing it. To invest and buy
[05:40] Bitcoin, you need to register and have an account on a cryptocurrency trading platform. These platforms act as intermediaries between those who own the currency—whether they previously and want to sell—and those who
[05:53] want to buy it. You could say that these platforms are a marketplace where you can enter, buy, and other cryptocurrencies. There are many cryptocurrency trading platforms; for example...  There are centralized platforms, which are controlled by a company, and decentralized platforms, where you
[06:07] control your own trading keys and execute trades without an intermediary. Then there are scam platforms designed to prey on beginners in the field. My advice to you here is to never give your money to anyone, no matter who they are. If someone contacts you on Telegram or in
[06:20] video comments (even this video) and tells you they'll invest your money and you'll earn 100%, and that you need a mentor, don't believe them and give them your money. They're scammers, plain and simple. My advice is to learn and work on your own, and never work on obscure platforms that no one even knows anything
[06:33] about. If someone tells you about a specific platform to work on, don't start until you've done your research and are sure of it first. Don't be greedy, because greed is the path to loss. Therefore, the first thing you must do is...  You're looking for the best cryptocurrency trading platforms and
[06:47] want to choose one to register and start investing in Bitcoin. Personally, I recommend Binance, which I've been using for years and have created many detailed tutorials for. These tutorials are available on my channel, and you can watch them after
[06:59] subscribing. Binance is a centralized platform and is considered the largest and most powerful in the world. You can verify this yourself by doing your own research. If you'll find a link in the video description below that
[07:12] will give you a 20% lifetime discount on the platform's fees. After registering and verifying your account, you can then make a deposit to buy and sell Bitcoin. If you're registering on Binance and not another platform, don't worry, because everything related to Binance, from registration to deposits,
[07:25] withdrawals, and even trading, is explained in detail on my channel.  You don't in your account. After that, you can immediately buy Bitcoin. You don't have to buy a whole Bitcoin; you can buy fractions of Bitcoin with a minimum of just $10. These fractions are
[07:40] actually called satoshis. When investing in Bitcoin, invest through spot trading and avoid investing in Bitcoin through futures contracts. Spot trading is permissible (halal) for you to
[07:52] invest in Bitcoin through, God willing. However, futures contracts are considered religiously questionable, and many scholars say they are forbidden (haram) because they involve mandatory interest and leverage, which is itself prohibited. So, it's best to avoid them completely. Of course, my discussion of what is permissible
[08:04] and forbidden in this section is based on my own research and understanding, and I hope I have provided accurate information. You should also conduct your own research on what is permissible and forbidden. My advice to you is to stick to spot trading.  Because instant trading means you buy or sell the currency instantly. For
[08:18] example, if you buy Bitcoin, you'll receive the digital asset immediately, which is the Bitcoin itself, and you'll own it completely until you sell it whenever you want. After buying Bitcoin, you have two options: either hold the currency for a long period, which is
[08:31] generally called investment, or sell it after a short period, which is also generally called trading. Of course, there are many reasons to sell Bitcoin, such as needing cash as soon as possible, selling now and buying later, or selling Bitcoin and using the
[08:44] money to buy another cryptocurrency that you consider a better investment. All these reasons are entirely yours, and no one will question why you're selling. The great thing is that the cryptocurrency market is open 24 hours a day, seven days a week, so you can sell whenever you want. As soon as you place a sell order, the
[08:57] in your account on the trading platform. You can then leave it in the account or use it to buy other cryptocurrencies.  Whether you withdraw it from the platform or not, it's entirely up to you. So, how do Bitcoin? Well, my friend, many people have made millions of Bitcoins, and others have
[09:12] lost money. Remember that profit and loss are an essential part of the market, and in fact, profit and loss are part of any business in the world. But if we're talking about how people get rich investing in Bitcoin, there isn't really just one method that people
[09:24] follow. I'm here to tell you about the methods used: mining, buying, holding, and trading. The first method is buying and holding. With this method, people buy Bitcoin and hold it for a very long time—not a month or two, but
[09:37] many years, maybe three or more. Some people even hold onto their Bitcoin for years or more. You might even find people who hold onto their Bitcoin until they die and bequeath it to their children, because the price increases over time.  And in a frenzied manner,
[09:49] after a long period, they sell Bitcoin when the profit margin is large. The second method is trading, and in this method, buying and selling happens repeatedly to make a profit. The buying process here also happens frequently, perhaps every hour or every day. In short, it happens in a
[10:02] short period and repeatedly. The trader here must have knowledge of technical analysis, so I do not advise beginners to trade unless they have learned technical analysis and practiced a little in the market. Once you become experienced and have trading skills, you will be able to make very good money in a short time, God willing. The
[10:16] third method we have is mining, and you probably have some background on it because I talked about it at the beginning of the video. As I said before, people mine Bitcoin using powerful computers to solve complex mathematical puzzles to verify transactions and their validity and add
[10:30] them to the blockchain network. In return, miners receive rewards of newly created Bitcoins. But in reality, mining requires a certain amount of  It requires a huge amount of electrical power, hardware, mining software, cooling systems, and of course, an
[10:43] internet connection. All of this requires a very high cost, expertise, and a lot of work. And that's not all.