1 00:00:00,450 --> 00:00:06,180 Before we run into great detail of finding the best cryptocurrency. 2 00:00:06,440 --> 00:00:14,610 I want to explain you the basic differences between Bitcoin and old coins. 3 00:00:14,760 --> 00:00:23,130 Bitcoin is the first de-centralized cryptocurrency in the world and it was launched by Satoshi Nakamoto 4 00:00:23,130 --> 00:00:31,140 in 2009 and it's two cryptocurrency that pretty much everybody knows about when you go to the streets 5 00:00:31,140 --> 00:00:34,750 to ask What is Bitcoin they say oh I know this mythical. 6 00:00:34,780 --> 00:00:37,390 When you ask them Do you know what is nice. 7 00:00:37,440 --> 00:00:43,790 They say well this does what this ripple maybe some people Soglow ripple. 8 00:00:44,130 --> 00:00:51,690 So Bitcoin is the most well known cryptocurrency is the first one it gets the most people are the in 9 00:00:51,690 --> 00:00:53,200 the media. 10 00:00:54,060 --> 00:01:03,960 Then out coin's which means alternative coins are all other crypto currencies and there are around 1500 11 00:01:04,050 --> 00:01:06,210 out coins at the moment in the world. 12 00:01:06,210 --> 00:01:14,070 And when you were was this caused this video there may be 2000 or 3000 crypto currencies and out goes 13 00:01:14,460 --> 00:01:17,630 because the number is growing pretty fast. 14 00:01:17,640 --> 00:01:27,000 People are all the time creating new crypto currencies and they are for example a terrible ripple that 15 00:01:27,050 --> 00:01:30,870 small narrow cardinal and so on and so forth. 16 00:01:30,900 --> 00:01:39,300 There are so many of them and the basic idea is that they try to do something better or differently 17 00:01:39,540 --> 00:01:41,510 than Bitcoin. 18 00:01:41,700 --> 00:01:49,290 So you can compare this to companies for example when somebody creates a company for example a mobile 19 00:01:49,290 --> 00:01:50,710 phone company. 20 00:01:50,880 --> 00:01:57,640 Nokia was the first one at least that was dominating the industry for a long time. 21 00:01:57,660 --> 00:02:04,340 Then came Apple and Samsung and Huawei and they tried to do something differently and a little bit better. 22 00:02:04,600 --> 00:02:11,910 And that's also a bit similar idea with cryptocurrency is alternative costs are trying to do things 23 00:02:12,300 --> 00:02:14,090 better than Bitcoin. 24 00:02:14,340 --> 00:02:23,160 They are also trying to solve other problems 10 bit cold because there are many things that made solution 25 00:02:23,160 --> 00:02:25,960 into cryptocurrency world and in the world in general. 26 00:02:25,980 --> 00:02:36,540 So some of these alternative coin's tried to solve other problems like education or many other problems. 27 00:02:37,080 --> 00:02:45,860 Many cryptocurrency experts say that most old cars are Robby's but some of them will tains our world. 28 00:02:47,480 --> 00:02:53,580 Some people say that one in 50 out Cowen's are moved. 29 00:02:53,720 --> 00:03:00,080 And forty nine of the 50 outsource Robby's and that's what you need to keep in mind. 30 00:03:00,110 --> 00:03:04,690 Most of them are not good and you will lose money if you invest in them. 31 00:03:04,760 --> 00:03:11,260 But some of them can be gems and you can make big money if you find them early. 32 00:03:11,450 --> 00:03:21,020 So should you invest in bitcoin or outscores Bitcoin is the oldest one is the biggest one at the moment. 33 00:03:21,340 --> 00:03:25,660 And bitcoin is the most popular one it gets the most people are in the media. 34 00:03:25,840 --> 00:03:30,510 So it means more people hear about it and the more money comes in. 35 00:03:30,520 --> 00:03:40,540 On the other hand because it's the oldest one they may not have the best technology and it's the biggest 36 00:03:40,540 --> 00:03:42,150 one already. 37 00:03:42,190 --> 00:03:47,740 So there is already lots of money put in it and it doesn't have so much what to sell the crowd and some 38 00:03:48,010 --> 00:03:51,190 small coins that many people don't know about. 39 00:03:51,190 --> 00:03:59,020 For example the new cryptocurrency technology is popping up every day and they may make 100 time games 40 00:03:59,050 --> 00:04:01,610 or even one Poulson time games. 41 00:04:01,660 --> 00:04:10,540 So this kind of games are not possible in the same way with credit card then also transaction fees and 42 00:04:10,940 --> 00:04:19,010 transaction times are cheaper with many out coins and some old coins so different problems than Bitcoin. 43 00:04:19,010 --> 00:04:27,980 Like I explained solved then tried the sole integration problem like decrypts one of the crypto currencies 44 00:04:28,670 --> 00:04:35,210 and there are many other examples out cause also more water than Bitcoin. 45 00:04:35,210 --> 00:04:40,200 So the price goes up very fast but it can also go down very fast. 46 00:04:40,200 --> 00:04:46,660 Bitcoin stocks are water at the moment so should you invest in Bitcoin all at once. 47 00:04:46,710 --> 00:04:53,760 I will not answer that question directly because I want to give you the tools that will give you the 48 00:04:54,810 --> 00:04:56,580 low rates that you can decide. 49 00:04:56,610 --> 00:04:58,050 Is Bitcoin the best one. 50 00:04:58,050 --> 00:04:59,640 Or are outscores the best. 51 00:04:59,630 --> 00:05:06,130 Well because when you have the tools you don't need to rely on me or any other expert who is telling 52 00:05:06,130 --> 00:05:08,730 you something about crypto currencies. 53 00:05:08,910 --> 00:05:11,290 So let's take a closer look at those. 54 00:05:11,400 --> 00:05:14,310 How you can define the best cryptocurrency.