Welcome to the Investing for Beginners podcast. In today’s show, we discuss:

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Investing in Bitcoin and other cryptocurrencies
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Positives from both the blockchain tech and the coin, and the negatives
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Some ideas to explore the Bitcoin investment and the importance of doing your due diligence before buying any investment.


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Transcript

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2020_Investing for Beginners Pod (revised) 2 : [00:00:13] I love this podcast because it crushes your dreams of getting rich quickly. They actually got me into reading stats for anything you’re tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern. Step-by-step premium investing guidance for beginners. Your path to financial freedom starts now.

Dave: [00:00:40] All right, folks. Welcome to Investing for Beginners podcast. Tonight, we have episode 198 tonight. We’re going to talk about cryptocurrency. We have really not really broached the subject much. And we’ve got a great listener question,

Earlier, and we thought maybe we would answer this and talk a little bit about cryptocurrency and kind of see where it takes us.

So I’m going to go ahead and read the first question, and then we’ll do our little give and take on crypto. So buckle in, folks. This could be interesting. So hello. My name is Ben. I do. I graduated college students who missed the COVID crash in the stock market. As I began investing, I dove in without a plan and had some successes and a lots of failures; with that being said, I began looking at cryptocurrencies.

Quote, unquote, get rich quick scheme, which unsurprisingly is experiencing a pullback as a relatively new listener. I was wondering what your take on the crypto currency market is. Is it a good long-term investment strategy to help boost your portfolio? Or will it be like.com a bubble and will go the way of boo.com.

I love the podcast, and thank you for providing such great insight. So, Andrew, what are your thoughts on cryptocurrency and kind of what the great question for Ben.

Andrew: [00:01:51] Yeah. I mean, so obviously, there’s a lot of things to consider about it. You know, also say from the onset, I don’t know what’s going to happen to cryptocurrency.

I don’t think most people do. I think a lot of people are very confident and it’...