78: Bitcoin 101, How to Invest In Cryptocurrency

Bitcoin, a digital currency, has been creating hype for thousands of investors around the world. We probably have heard about Bitcoin and other cryptocurrencies circulating around the internet and a lot of people want to understand what it is, how it works, and why they should invest in it. This episode helps you answer the question – Should you own Bitcoin? Johnny and Sam give their insights on Bitcoin and other cryptocurrencies and why it is considered the future. They recount the growth of Bitcoin over the years. They give tips on where and how to buy them, how much should you invest, and how to keep them safely stored. They also specified the downside of Bitcoin and what to expect when owning one. For those who are interested in buying Bitcoin, listen to this episode and find out if this investment strategy is perfect for you.   Links: CoinBase.com Kraken.com   Where we are: Johnny - United States Sam - United States   Discussed: Audible 30 Day FREE Trial ILAB 38 - Chris Dunn: Bitcoin, Crypto-Currencies, and How to Profit ILAB 71 – Bitcoin vs. Ethereum, and the future of the Internet – Ivan on Tech   Time Stamps: 04:38 – Should you buy Bitcoin 09:18 – Ripple used by banks 10:24 – What makes Bitcoin popular? 17:20 – The growth of Bitcoin 18:27 – Predictions for Bitcoin 20:27 – Highest trading volume in terms of countries 22:04 – Governmental Risk 26:27 – How much should you invest in Bitcoin? 30:38 – Ether vs. Bitcoin 31:51 – Downside of Bitcoin 40:14 – Where and how to buy Bitcoin? 46:43 – How to safely store your Bitcoin? 52:49 – Plan of Action   If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.