How to Invest in Bitcoin and Cryptocurrency for Beginners – AMPM PODCAST – EP144 Part. 1
For many people, the word “cryptocurrency” may sound very foreign and represents a whole new way to think about money. What would it be like to earn revenue for your Amazon FBA business using a decentralized digital currency that has top of the line protection from physical and cyber theft? Imagine a currency that is relatively unaffected by inflation and is difficult to be meddled with by governments and banks: is that something worth investing in?
In this special two-part episode of the AMPM Podcast, host Manny Coats interviews cryptocurrency expert and Bitcoin enthusiast Brad Mills, a technologist-turned-entrepreneur who has transformed a few thousand dollars into millions through smart investment. Brad explains why he decided to invest into Bitcoin and his take on the cryptocurrency trend as a whole as well as where it’s going.
Additionally, Brad explains the differences between the different cryptocurrency platforms to distinguish functionality and viability. He also discusses basic terminology to provide some beginner insight into how Bitcoin works and its value in the coming years.
In this episode, Brad discusses many interesting topics, including the following:
- 02:20 Introduction to Brad Mills
- 05:08 What Was the Value When You First Get Into Bitcoin?
- 09:18 At What Amount Do You Think Bitcoin Value Will Stabilize?
- 12:00 Brad’s Current Work As a Bitcoin Strategist
- 12:36 What’s An ICO?
- 15:39 How Can Your Spot a Cryptocurrency Scam?
- 21:44 What Is a Legitimate Bonus Amount for ICOs to Give?
- 24:22 What Is a Lockup?
- 26:45 How Should People Invest Their First $1000 in Cryptocurrency (Bitcoin VS Ethereum)?
- 35:52 Where Do You See Ethereum in 5 Years?
- 37:56 Is the Rise of Bitcoin Attributed to People Not Knowing About Other Cryptocurrencies?
- 40:52 What Are “Alt-Coins?”
- 41:56 What is a “Fork” in Cryptocurrency?
- 52:07 Should People Keep Their Bitcoins Off Exchanges to Guard Against Hacks?
To watch the video version of this episode of the AM/PM Podcast, check out our YouTube channel below:
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