30 TIP: Bitcoin Basics (What is it, and should you invest)

In this episode, Preston and Stig talk about the disruptive new digital currency that's growing around the world. Bitcoin and other cryptocurrencies could eventual become a popular form of payment without limits across international boarders. This is a fascinating discussion that you won't want to miss.

IN THIS EPISODE, YOU’LL LEARN:
- What is Cryptocurrency and bitcoin?
- Why is trust the key for cryptocurrency?
- Should you invest in bitcoin?
- Ask The Investors: Can the average investor compete with investors with insider knowledge?

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ADDITIONAL INVESTING RESOURCES:

Intrinsic Value Assessments:

Investing Explained:

We Study Billionaires:

Bitcoin Fundamentals:

Millennial Investing:

Real Estate 101:

Asset Allocation Course:

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DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

[Cry-AegisInquisitor]

Is this your first Bitcoin podcast? Very interesting to listen to 7 years later!

[mateovega]

Avoid investing in ETFs or derivatives of bitcoins. Doing so ignores one of the primary raison d'être of bitcoin. Control of the privatekeys is 10/10th of ownership. When someone else knows those they have the ability to steal them and history hasn't been to kind to those so trusting. Treat bitcoin like gold, store it yourself and don't trust the federal reserve like the Germans did and now have given up on attempts to openly audit and / or repatriate their assets.

[mateovega]

Good Overall Discussion. Point of clarification-- "There is nothing backing it"
There is a whole ecosystems of developers, businesses, merchants, exchanges, venture capitalists, and users backing bitcoin and growing exponentially. Additionally, many of us aren't interested in bitcoin just as a speculative investment or because its better than other financial investments but for reasons. What this means is that Bitcoin is here to stay and that under no circumstances will we adopt a state or corporate backed block-chain alt with insecure KYC.

[MarkRees]

Good show guys, entertaining. There still seems to be questions regarding intrinsic value of bitcoin where some fail to recognize it. Here's an article that helps in this regard: 

[mateovega]

"Intrinsic value" - is relative and realized once you use it. Bitcoin allows me to do things that I cannot do with any other technologies. These features will never be replicated by either a blockchain based copycat created by a government or corporation because those will always be subject to laws and regulations imposed by the corrupt few. Bitcoin allows one to use its immutable permission-less and lack of KYC(a security feature by the way to prevent identity theft and insure user privacy) to avoid becoming victims of corrupt nation states like Greece or Cypress, and soon to be Columbia, Argentina, ect...that have hyperinflation problems and will rob their citizens of their savings. This being said, one should never solely invest in one technology or asset, buy some gold(that you personally store), bitcoin(where you control the private keys outside of a KYC bank), food storage, stable fiat, land, education, ect...

[Yoga_with_Adji]

Hey Preston&StigCan buy bitcoing and buy equity with bitcoin in future or vice-versa? Thanks for awesome show !