NOTE: RECORDED MAY 8, 2021
Cryptocurrency is a highly volatile, rapidly changing, risky new industry. The content shared in this episode does not constitute financial advice and is for informational purposes only.
IN THIS EPISODE, YOU WILL LEARN:
- Why is cryptocurrency revolutionary?
- Inflation's relationship to cryptocurrency
- How cryptocurrency works – and why it's the wave of the future
- The difference between centralized and decentralized cryptocurrencies
- Warning for Dogecoin investors
- What bitcoin actually is
- What HODL means
- Behman's investing strategy
- Understanding the mining process
- Understanding digital wallets
- The importance of 2-factor authentication
- How to minimize your chances of getting hacked
- Where to get a 'hard wallet'
- What a seed phrase is
- Why you might want to become your own custodian of your crypto coins
- A tip for safely sending bitcoin to someone else
- The importance of BTC to alt-coin ratios
- What is a block reward?
- What is block halving?
- And more!
SOME QUESTIONS I ASK:
- Why is cryptocurrency so revolutionary?
- Isn't cryptocurrency just speculation? If not, why not
- Will the US Government ban Bitcoin?
- Will quantum-computing threaten cryptocurrencies?
- Will another crypto currency dethrone Bitcoin?
- What do you look for when investing in 'alt-coins'?
- How do you go about investing in cryptocurrencies?
- What are digital wallets? Where can you get them?
- Don't exchanges defeat the purpose of decentralized finance (aka defi)?
- How do you evaluate new crypto coins?
