238. Santiago Vanegas Talks About Cryptocurrency

In this episode we have Santiago Vanegas on to talk to us about cryptocurrency. He talks about what money is, why cryptocurrency is relevant, how it works, and how to get started in the process of investing. Where to find Santiago: @San_Man22 Follow us on Instagram: @thenxtlvlshow @jonalvafitness @primeandglory @mikenillespt (Intro) Santiago Vanegas, and why cryptocurrency is an important thing to talk about (3:23) What even is money? And the issue with centralized money (13:08) The creation of BitCoin (16:51) Inflation and deflation (25:09) What is a block chain? (32:46) What is keeping cryptocurrency from being a currency, instead of just an investment? (37:30) Smaller comics, market caps, and why some coins won’t make you rich (40:33) Long term investments vs short term investments, and psychology (50:02) Supply, and a comparison to stocks (55:24) What apps are “the best” to use for cryptocurrency? (1:03:54) What coins are the safest bet right now, and why? Ethereum (1:12:00) DOGE (1:15:55) How to get started? (1:29:52) Outro - Where to find Santiago