#NextLevelWebinar: The Fundamentals of Cryptocurrency
Adam Carswell, along with co-host Fletcher Wheaton, brings on special guest John Colwill, Ecommerce Specialist, to discuss the development of cryptocurrency and how this new form of electronic money holds great potential for investing.
In this episode, Johnny talks about:
- The evolution of money and Bitcoin
- The technology behind Blockchain Technology
- The Benefits of investing in cryptocurrency
- Where to look to invest in cryptocurrency
Adam would like to give a huge thanks to Johnny for coming on the Dream Chasers platform and sharing his knowledge of cryptocurrency.
Watch the video replay here: https://www.youtube.com/watch?v=NF0BDN0j4xs
Contact John Colwill:
https://www.linkedin.com/in/john-colwill-8340a7b6/
Timestamped Shownotes:
03:14 — Host Adam Carswell introduces special guest John Colwill, Ecommerce Specialist
08:06 — How has money evolved over time?
10:07 — What are the problems with centralized authorities controlling money?
11:16 — Why was Bitcoin created?
12:21 — How does blockchain technology work to successfully facilitate electronic money transactions?
14:40 — Why is there a finite amount of Bitcoin supply?
16:15 — What are some alternatives to Bitcoin?
17:30 — What is decentralized finance?
18:17 — What are Non-Fungible Tokens (NFTs) and how do they hold value?
19:42 — What are the benefits of investing in cryptocurrency?
31:07 — Where should people invest in cryptocurrency?
36:00 — Has cryptocurrency replaced gold as a safe-haven investment?
37:23 — What are Johnny’s thoughts on trading cryptocurrency on platforms like Coinbase?
39:20 — What percentage of your investment portfolio should you put toward cryptocurrency and Bitcoin?
41:03 — Why is there a finite amount of Bitcoin and where can you track Bitcoin mining?
42:10 — How is Bitcoin becoming more mainstream to exchange for other assets and value holders?
43:29 — What makes Blockify able to compound interest on your BTC and are there negatives with that?
44:37 — At what stage should investors begin to look at electronic wallets to store their cryptocurrency?
46:10 — Are there any major competitors to Bitcoin for cryptocurrency investments?
48:17 — Why are people gravitating toward more affordable networks instead of Etherium for trading cryptocurrency?
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