Understanding Cryptocurrency with Behman Zakeri

NOTE: RECORDED MAY 8, 2021 

Cryptocurrency is a highly volatile, rapidly changing, risky new industry. The content shared in this episode does not constitute financial advice and is for informational purposes only.

IN THIS EPISODE, YOU WILL LEARN:

• Why is cryptocurrency revolutionary?
• Inflation's relationship to cryptocurrency
• How cryptocurrency works – and why it's the wave of the future
• The difference between centralized and decentralized cryptocurrencies
• Warning for Dogecoin investors
• What bitcoin actually is
• What HODL means
• Behman's investing strategy
• Understanding the mining process
• Understanding digital wallets
• The importance of 2-factor authentication
• How to minimize your chances of getting hacked
• Where to get a 'hard wallet'
• What a seed phrase is
• Why you might want to become your own custodian of your crypto coins
• A tip for safely sending bitcoin to someone else
• The importance of BTC to alt-coin ratios
• What is a block reward?
• What is block halving?
• And more!

SOME QUESTIONS I ASK:

• Why is cryptocurrency so revolutionary?
• Isn't cryptocurrency just speculation? If not, why not
• Will the US Government ban Bitcoin?
• Will quantum-computing threaten cryptocurrencies?
• Will another crypto currency dethrone Bitcoin?
• What do you look for when investing in 'alt-coins'?
• How do you go about investing in cryptocurrencies?
• What are digital wallets? Where can you get them?
• Don't exchanges defeat the purpose of decentralized finance (aka defi)?
• How do you evaluate new crypto coins?