Bitcoin & Cryptocurrency - How does it all work?

Update: 2021-05-18

Description

What is Bitcoin and what's the recent buzz around Dogecoin and Elon Musk?

Are you also still trying to figure out cryptocurrency?

From $20 Bitcoins, Dogecoin and Sheba cryptocurrency to banking, buying real estate with crypto and how to get started, in this Bernie chats with Kevin Carthy, we delve into and try to demystify the often puzzling world of cryptocurrency.

We'll also learn about Crypto Nuts the non-profit educational meetup group Kevin founded.

There's a lot here for beginners and experience cryptocurrency traders. I hope you enjoy the episode and find it informational.

General Topics:

- Bitcoin & Dogecoin Explained

- Banking & Fiat Currency

- Elon Musk's investments into cryptocurrency Real Estate purchases with cryptocurrency

- Blockchain & much mor-e

- Don't loose yours!

- Cryptocurrency Meetup Group

Topics covered include (in rough order):

ChyptoNutz cryptocurrency Meetup Group for cryptocurrency education and networking – ChyptoNutz.com & & @CyrptoNutz

Newbie Tuesdays Meetup Group for beginner level cryptocurrency education

Impact of Bitcoin

Real Estate purchases

Fiat currency

Fiat Currency explain

what is Cryptocurrency?

- - devalued / worthless currency / Venezuela example
  - the math behind Bitcoin explained
  - Crypto-Mining and Blockchain Explained
  - Nodes & Rewards for Crypto-Miners
  - How Kevin got into Bitcoin Crypto-Mining
  - Crypto-Mining to heat your building or home
  - How you got into Crypto-Mining
  - The rise of value BTC
  - The creation of ChyptoNutz cryptocurrency & Newbie Tuesdays Meetups Group & when they meet, virtually and in person
  - Concerned about the young IT people not getting involved in cryptocurrency quickly enough
  - Case study – Changing lives & the lives of a young couple
  - Disclaimer – not certified and not giving financial planning advice
  - How much of your portfolio should be Bitcoin?
  - Is it too late to buy Bitcoin?
  - How many times can Bitcoin be broken down? How many Satoshis are there in a Bitcoin. https://www.investopedia.com/terms/s/satoshi.asp#:~:text=The%20general%20unit%20structure%20of,bitcoins%2C%20equivalent%20to%20100%2C000%2C000%2C000%2C000%20satoshis.
  - What's the maximum
  - Loosing your Bitcoins or cryptocurrency loss
  - Story of how some people lost their cryptocurrency while in LasVegas
  - Tips for security and how to secure your Bitcoins or cryptocurrency
  - Security hardware and cryptocurrency apps
  - cryptocurrency hardware wallet explained
  - 12 word Seed Phrases
  - Big $250,000 Bitcoin loss in Canada
  - How to get started in Bitcoins and cryptocurrency
  - Selling your Bitcoins and other cryptocurrency
  - Bitcoins and cryptocurrency versus Global Currency
  - Government getting into cryptocurrency & Tracking
  - Cashing in – Thoughts on when to cash in
  - Buyers needed - Trading etc. - credit to bank and pay taxes
  - US Banks vs Canada - US banks accepting
  - Banks fearful and putting pressure on cryptocurrency
  - Chartered Banks etc.
  - Bitcoin loans
  - Chartered Banks - 7 or 8
  - The currency of the future and through the ages
  - Parallels with the introduction of the internet
  - Security and gov control
  - more about ChyptoNutz cryptocurrency Meetup Group
  - Real estate purchased with crypto
  - Realtors accepting crypto
  - Bar in Boston being sold for cryptocurrency
  - Bitcoin on the markets
  - Bitcoin as a deflationary currency
  - Elon Musk and Tesla's investment in cryptocurrency (Doge, Bitcoin)
  - Accessing lost accounts - word seeds
  - How common is it to use cryptocurrency in retail stores
  - Can you give or accept donations by Bitcoin or other cryptocurrency?
  - NFT and Collectables
  - CryptoNutz.com & @CyrptoNutz and other groups & Newby Tuesdays
  - Shiba inu and Dogecoin
  - Shiba inu cryptocurrency 10x in two weeks
  - Variety of Crypto and Differences
  - Doge & Elon Musk
  - People need to take responsibility for their passcodes and cryptocurrency access
  - Cryptocurrency custodial services
  - Gemini - Winklevoss Brothers https://en.wikipedia.org/wiki/Gemini_(company)
  - 2FA – Two Factor Authentication for cryptocurrency wallets
  - Custodial services & security
  - Beer fund cryptocurrency story
  - Cryptocurrency portfolio Strategy & testing models
  - “Stacking Sats” explained
  - Cryptocurrency as a gift (to young Nephews)
  - Is cryptocurrency good for the planet?
  - Dogecoin - long term legs?
  - Mark cuban & team accepting cryptocurrency
  - Does Buy Low Sell High strategy work with cryptocurrency trading?
  - A look at cryptocurrency INDEXES
  - How to choose the right cryptocurrency to invest in?
  - WRAP & back to CryptoNutz
  - Kevin's Presence and where it’s going – his plans for cryptocurrency in the future
  - back to Heating by Crypto-mining
  - USD, country and adopts BTC

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