What is Cryptocurrency? What is Blockchain? How do I invest in Cryptocurrency? What are the best investments for Cryptocurrency? Why is it so volatile? Bitcoin, Etherium, Dogecoin, Shibacoin? Warm storage vs cold storage? Burning coin? Different Cryptocurrency exchanges? So many great questions!
This is why for Leap of Fate Pod 55 we do a full Cryptocurrency and Blockchain 101 review!
This was a MAJOR ask from the Leap of Fate fans and do I deliver! I bring on Colin C. Thompson, a Canadian-born Jamaican, is founder and CEO of Oligye Enterprises (Shanghai) a Business Consulting company focused on coaching, training, and Blockchain technologies. Colin is a blockchain and cryptocurrency expert and answers all the questions for beginners to experts!
Colin developed an extensive background in the Information Technology field working for blue-chip organizations such as International Business Machines (IBM), Ernst & Amp; Young LLP, and Howard University. In addition, Colin is co-Founder of XChainz, a blockchain-based educational and workforce platform for assessments, training, coaching, and the award of digital credentials.
Topics:
00:00 Intro sequence
1:30 Who is Colin Thompson and his background
3:40 What is Blockchain technology (backing of Cryptocurrency) and its 3 pillars
9:30 What is a Cryptocurrency and the different types (Bitcoin, Dogecoin, Ethereum, Shibacoin, and more)
12:20 How to buy Cryptocurrency and the tax implications with buying cryptocurrency
14:00 Why there are different Cryptocurrency exchanges and how to know what exchanges to use, why you have to buy 1 coin to trade for another
17:45 How to create a Cryptocurrency and why there are different Cryptocurrencies
20:00 How Cryptocurrency coins become popular and to get on Cryptocurrency exchanges
24:20 Cryptocurrency volatility, safe investment?, when to make an investment, what coins to invest in and pull out a profit (We are not financial advisers!)
39:50 Global use of Cryptocurrency, becoming a legit form of payment and currency, government regulations and taxes
47:35 What is "burning Cryptocurrency" and "cold wallet vs warm wallet" storage of Cryptocurrency
55:00 Being a smart Cryptocurrency investor, 3 things to look out for
1:00:00 Recap, final thoughts, and ending
Thanks to Colin for coming on! His expertise educates the Leap of Fate Fans on everything around Blockchain, Cryptocurrency, and how to invest smartly and safely!
To contact Colin:
Website: https://www.oligye.com/
LinkedIn: https://www.linkedin.com/company/oligye-life-coaching/
Facebook: https://www.facebook.com/LIFECoachColinT