What is BitClout and How To Buy Creator Coins on BitClout - The Ultimate Guide To BitClout

Stefan Georgi walks through buying creator coins on BitClout: send Bitcoin to the platform, convert it to BitClout, then trade BitClout for any creator's coin. He buys his own coin, which has 60 in circulation and a $105,000 market cap, and explains how selling your coins tanks the price.
Questions this video answers
May 17, 2021.
0.005 BTC.
10%.
60 coins in circulation.
$35,000 locked up.
Chapters
What's up, Stefan? Georgi here, and I'm going to show you how to buy creator coin on BitCloud. If you don't know what BitCloud is, it is a decentralized social network, kind of like Twitter, where you're able to invest in different people, different creators, as they're called. So people who are creating content, posting, you know, creating value on the platform. It's a little bit controversial for a few reasons, but I can tell you personally, I have been using it for a month or so now, and I love it. I'm pretty sold on it, honestly. I'm pretty over Facebook and I'm pretty on BitCloud. I really like it. And it's also the early days, so it's a good time to get in and get crazy. I don't get crazy, but just go in and try it out. Okay, so I'm gonna talk a little more about some of the things about bitclopa. Let me get right to answering the question. If you Googled this or searched it on YouTube and you got my video, let me pay that off for you, right? So here's how you buy a Creator coin on BitCloud. The big thing to realize is there's essentially just like three sort of steps. There's bitcoin, right? Which probably know what that is. There's BitCloud, not the platform, but the coin. And then there are creator coins, right? So if we're here right now, here's my profile. I'm a creator. You can see I've got 600 followers. My coin price is actually pretty high compared to a lot of people. I'm obviously not like one of the leaders, but I've had some people invest pretty substantial amounts of in my coin. You can actually see that, like, right now. I'll show you real quick. You have people anywhere from $14.38. I keep scrolling a little bit here. There's a lot of other stuff for you to see, but $5 worth, right? Like $20. $20. $164, you know, $20. Okay, I did those ones. Sorry. Yeah. $251. 15. 10. 4. 10. Right. So people, 100 people are, you know, investing in my coin pretty regularly, which is pretty cool. So anyway, and I'm like, I think my content's good. So go. Give me a follow, right? Bitcloud.com you forward slash. You forward slash. Stefanjorgay. Give me a fall. But anyway, say you're like, oh, man, I want to buy Stefan's coin too, right? Or Anyone else's coin. I'm using my own profile because that kind of makes sense, right? You know, Craig Clements, friend of mine, high up on this thing too. A lot of other cool people you can buy. So anyway, right, first of all, you know you need Bitcoin, so you need to open a Coinbase account or whatever else and buy Bitcoin if you don't have any already. Assuming you do have Bitcoin, the next thing you need to do is actually buy BitCloud, right? Because again, Bitcloud says creator coins, Creator coins, Bitcoin. So the cloud is like that intermediary. It's also pegged to the value of Bitcoin for the most part. Although people can also buy Bitcoin because they find that to be valuable independent of it. But it does sort of follow Bitcoin at this time. Right. So okay, basically send, you know, bitcoin to this address. They do have a minimum deposit which is 0.005 bitcoins, which may be like $200 unless you know, it is right now.005 bitcoin. I think I put one too many zeros in there, sorry, Three zeros. Okay, so right now it's actually a nice low amount here, right, Let me show you that. Right? Yeah, $25 yesterday was $144. So it does vary and fluctuate a little bit. But anyway, cool. That's pretty minimal. That's cool. Right, so you gotta send bitcoin to your bitcoin so they give you the address, right? You'll have. You have to create a profile. Obviously you have to created your own profile too. And by the way, everyone who creates a profile does get their own creator coin. So then just copying, you know, your address that people send it to, right, Go into your coinbase. Here's mine. You know, you can see I've got 72,000 bucks in Bitcoin right now currently in Coinbase. I do have bitcoin some other places too. But anyway, literally simple as just pop in the address. Note if you want like for bitcloud, you frankly don't need that. Pay with Bitcoin how much you want to send? Let's say I'm going to send $1,000 worth of Bitcoin. Right, so continue. Zero fee here, a little bit of fee here. Basically paying minimum amount right now. Fees aren't bad, might take 30 minutes. It says so send now. And I've got my verification code which I'm gonna pause and do real quick here. I do a two step verification all Right, I'm back. Entered my code, just sent that money to BitCloud. Right. Okay, done. Yay. So now I'm back here. You can see right now, like that's what I had most recently deposited. Remain to wait a minute or two for this to come in. If we do, then I'm just gonna pause and come back. I'll hit refresh. Probably isn't gonna happen instantly, but the money hits. It did. Look at that. Came really fast. So there's my money now it's in here. I've got a thousand dollars worth of bitcoin, right. So now I want to buy BitClot. So how much bit cloud do I want to buy? Well, I mean, got a thousand bucks here. Might as well buy all of it. So basically I would just hit probably the max. That's gonna work for me. Yeah. So I can buy basically 6 bit Cloud because BitCloud's price is $157 US like, US dollars right now. Right. I already have some bit cloud here. That's fine. I want to show you how to do this anyway. You could have done a hundred dollars or two hundred dollars. You don't have to do a thousand dollars like I did. Just an example. I want to put some more into the platform. Anyway, so now I'm literally just going to click buy bitcloud. Are you ready to exchange? Okay. Waiting for confirmation. This may take up to a minute as it says here, so I can pause it so you don't have to sit here and watch me. And we'll be back in a second once. Oh, there it is. Confirmation happened. Didn't even have to pause it. Perfect. Cool. So now you know. What do you do Next? Buy more BitCloud. View your wallet. So now if I go to my wallet so you can see what I've gotten here. Some of the things that I have the coins of or whatever, right. Like the US dollar values. People have invested in things I've invested in my balance. Right. It's public key. Don't worry about it. Means people could basically send to me. So now I can buy a coin. So all I would do now is I find the creator. So, for example, if you want to buy Greg's coin, you can do that here. In this example, I'm going to buy my own coin because I want you to see. I want you to secretly want to buy my coin too, which you should because it's good investment. It's gone up. Right. So I've got basically 10 bitcod available. So let's say I want to exchange US dollar which is worth 15.84. So say I want to put $500 into my coin. Means I'm exchanging 3ish bitclouds. I'm going to get 0.289 of the Stefan George Icoin price for my coin is this amount. Right. And you'll see that I received 10% of the purchase as a founder reward. That's the same for pretty much everybody. Like you get a you can set when you create your profile again, you get your own coin. So I don't can buy your coin just like I'm buying my coin right now. And you can set how much of like if someone gives you buys $1,000 worth of your coin, you could get, you know, set to 10%. You get a hundred dollars. The way they do that is actually give it to you in BitCloud versus giving to you in a different thing. So anyway, 10% is pretty standard. So we'll do five. I wouldn't go below that. Okay. So sorry about that. My daughter was heading out so saying goodbye to her. She's the best. But anyway, right, So I get 10% of the in this case like $50. So hit review, tell me what you're doing. I'm exchanging this for this. For this. I'll get 10% of the reward. Confirm buy. Hey, Confetti. Right? Success. Buy complete. That's how you know you did it. Now if I go back to my wallet, it will update here and show that I have, you know, more of my coin. And again, you can do this for anybody on the platform. So that's how you do it. That's how you buy creator coin. It's also how you buy bitcloud so answers both of those questions, which I think is good. And besides that, you know, all I would say is come give, come give your guy here a follow. Would love to have you and then try out the platform again. Whether you want to buy a lot of people's coins or not or, you know, I really think it's a cool platform. There's a lot of interesting stuff going on. Like by going to like my feed here, you know, I just think there's a lot of interesting stuff. There's like art, like I'm following some artists. There's people posting, you know, kind of news and things like that. Like it's just, you know, you can choose who you follow. There's a lot of people on the platform now. A lot of interesting stuff going on here. Some people use it like instagram like, you know, there's just all kinds of cool things you can do. I love bitcloud. Really big fan of it. I don't think it's going away. I think it's going to become a lot more popular, frankly. So it's better to be on now. And one other tip I would say is if you. When you buy or when you create your own profile, it'd be a good time to buy your creator coin right at the beginning because other people end up coming in and buying more of your coin. Like, you know, friends, people. Like, the value will go up and that would increase your, you know, what you bought too. So that's what I did. I haven't. This is the first time I bought more of my coins since, like, around the beginning of when I created. Created it. And like, I mean, I think, you know, the value of my coin is like $28,000, right? It'll actually show you your market cap and all that kind of stuff. I think it's here, right? So there's 60 of my coins in circulation, $35,000 locked up. I have a market cap of $105,000. But basically, yeah, I think I bought my coins at like $40 each, and then now my coins worth, like, you know, 1700 $35 each. So in theory, if I wanted to cash out, I could cash out and, you know, a couple of my coins. Now think about this one other thing. If you cash out, then what happens? Your coin value goes down. Other people might sell as well. So you don't generally want to do like a pump and dump where, you know, get a bunch of people to buy and then sell. Like, I haven't sold any of my coin. I have no plan to sell any of my coin. I'd like to see it keep increasing in value. You know, if it gets to like $100,000 a coin, like what? I would I consider selling one or two of them. Sure. Right. But that'd be neat if it gets to that. It's because I've done a bunch of amazing stuff on the platform and really helped a lot of people. So I won't make this video any longer. But that is how you buy BitCloud and how you buy Creator Coins on BitCloud. Hopefully you like it. If you do, please make sure you subscribe to my channel, but also make sure that you hit the like button and leave a comment letting me know. Hey, Stefan, thank you. That was awesome. And definitely let me know if you followed me, because I would love to connect with you on BitCloud, which is where I'm doing a lot of my stuff, thank you.
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