DiscoverOff Route with Jim MakosHow I Explained Cryptocurrencies to a Beginner | EP13
How I Explained Cryptocurrencies to a Beginner | EP13

How I Explained Cryptocurrencies to a Beginner | EP13

Update: 2024-09-12
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Description

Recently, I had to explain the cryptocurrency market to a beginner who happened to be a legal advisor and was interested in buying Bitcoin. At the same event, I showed another dad how to buy Ethereum. So, today, I am telling that story and what we all learned from it.




🔗 LINKS




- Why I don't talk about gambling as a professional gambler: https://podcasters.spotify.com/pod/show/jimmakos/episodes/Why-I-Dont-Talk-About-Gambling-as-a-Professional-Gambler--EP10-e2nt559


🎦 Podcast episode on YouTube: https://youtu.be/Z5s2ku4k7-Y


🎙️ Podcasting Challenges as a Non-Native Speaker: ⁠⁠https://jimmakos.com/podcasting/⁠⁠




🎬 Chapters/Timestamps

00:00 Why am I talking about cryptocurrencies?


02:05 What are cryptocurrencies?


06:05 What is blockchain


07:14 How cryptocurrencies are created (mining)?


09:27 What is a crypto wallet?


10:37 How cryptocurrency transfers are made


13:28 The biggest risk in the cryptocurrency market


14:11 How does Bitcoin price go up or down?


16:53 The virtual economy of fiat and cryptocurrencies


17:36 How I would invest my money as a beginner




🙏 LEAVE A REVIEW




If you enjoyed listening to the podcast, I'd love for you to leave a 5-star review on Apple Podcasts and Spotify to help others discover the show!




🎙 ABOUT THE PODCAST




The Makos Cast is my podcast, where I'm sharing what worked for me in gambling, personal finance, and running a web publishing business as a solopreneur working from home while I'm documenting a healthier and wealthier life in Greece.


Thank you for listening,


Jim

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How I Explained Cryptocurrencies to a Beginner | EP13

How I Explained Cryptocurrencies to a Beginner | EP13

Jim Makos