4.8 • 770 Ratings
🗓️ 25 May 2021
⏱️ 39 minutes
🧾️ Download transcript
Ready to dip your toe into the cryptocurrency world? Don't until you listen to this episode. Kim and the team walk through the basics, from how virtual currency works to whether you can make money mining Bitcoin. Find out how to dodge scams and keep your digital currency safe.
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0:00.0 | How do I use cryptocurrency? And how can I make money at cryptocurrency? What should I buy? How much should I buy? And how long should I hold it? |
0:10.4 | You know, you can't turn on the news or go online without hearing or seeing something about cryptocurrency, Bitcoin, Elon Musk. It's crazy out there. But let's get started so we're all on the same page. We're talking |
0:21.5 | about electronic currency here. It's not controlled by a government. It's not backed by a standard |
0:27.2 | like gold. These aren't physical tokens. I mean, I can't toss you a Bitcoin, although at tens of |
0:33.5 | thousands of dollars a pop, I bet you wish that I could. Bitcoin is the one that most people know about. But there are others, like Ethereum, Lightcoin, or even Dogecoin, which is really |
0:42.8 | funny because that was created as a parody way back in 2013. And here's a little fun fact. |
0:48.4 | What was the first documented purchase ever using Bitcoin? Think about it. On May 22nd, 2010, Laslow Hansen's, I don't know how to |
0:57.9 | pronounce the guy's name. He bought two Papa John's pizzas with 10,000 Bitcoin, or around at that time, |
1:04.0 | $41,000. That 10,000 Bitcoin today would be worth around $451 million. Wow. And if you want to invest in cryptocurrency, |
1:15.4 | it can get really complicated to know even where to begin. Well, let me tell you, you've come to the |
1:20.9 | right place. In this Kim Commando explains podcast, we're going to dive into the basics. We're going to go |
1:26.4 | through the option when it comes to buying and storing your digital currency. And then we're going to give you some |
1:31.5 | professional tips to keep you safe from hackers and scammers. And if you ever thought that |
1:36.3 | you could make money mining Bitcoins, we brought in the best expert we could find. And let me tell |
1:44.1 | you one thing. You need to be really smart about anything that you ever do with cryptocurrency. So stay right where you are. When we come back, we're going to get started. But first, we have to say a few thank yous to our sponsors who help make this podcast possible. |
2:07.3 | Have you ever tried using your good old password to log into a website you haven't visited in ages and been hit with the wrong email or password message? |
2:11.8 | Annoying, right? |
2:13.1 | Now, what if I told you? |
2:14.6 | You never had to see that warning again. |
2:17.4 | All you have to do is set up the Nordpass password manager. NordPass lets you store. Now what if I told you? You never had to see that warning again. |
2:17.6 | All you have to do is set up the NordPass password manager. |
2:20.8 | NordPass lets you store all of your login details in an encrypted vault and auto fills them |
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