Episode-2777- Getting Started with Crypto Currency
Podcast: Play in new window | Download (Duration: 1:30:24 — 20.7MB)
Join me today to discuss crypto from a newbie to first timer level. Most of the content on today’s show was solicited on Parler and MeWe and hence comes from you the audience. I am very open to a follow up on this show, if you find this episode creates new questions, send them to me with tspc crypto in the subject line. The email to do that as always is jack at thesurvivalpodcast.com
Join Me Today to Discuss…
- “Our fear of technology is really a fear of empowerment. We now have the ability to design the reality we live in, and we have to step up to the occasion.” ~ Douglas Rushkoff
- What today isn’t about
- Getting rich with crypto
- Technical analysis and day trading for a profit
- Becoming an expert
- The Very Basics
- What is crypto
- What is proof of work vs. proof of stake
- What is a privacy coin and why should you care
- What I recommend to get started and why
- Coinbase – I know it works and it is safe
- Jaxx – Same reason, there are many good wallets
- Coin Specific Wallets when Called for (example Ark for POS and ARRR because it is needed for now)
- Questions from Social Media on this Topic
- What exactly is staking and is it something worth doing with crypto?
- What would you say to the people who are hardcore BTC only?
- How are I getting ARRR? And what is up with all these markets, ETC, BTC, USDT, etc.
- What is the best way to convert one crypto to another?
- What is a no KYC exchange and are they really no KYC
- What is the crypto most used by the legal cannabis industry? (it depends)
- How to determine if a crypto is a legit medium of exchange vs. a speculation tool (pump and dump)
- What are my thoughts on DeFi and staking coins for higher yields than the banks are currently offering?
- What is the cheapest way to dollar cost average into BTC at 20-100 dollars a week?
- Do you use stable coins in the Jaxx wallet to take advantage of price changes?(usdc, tusd, usdk)
- How can I get the most use out of an air gapped computer?
- Final Thoughts
- Start small
- Don’t try to be a super spy or a baller
- Accept that this is all a skill set
- Keep learning
- Don’t risk one thin dime you can’t afford to lose
Resources for today’s show…
- Follow Life With Jack on Instagram
- TSP Facebook Group
- Join the Members Brigade
- Join Our Forum
- Walking To Freedom
- TspAz.com
- TSPC on Discord
- TSPC Group on Telegram (group chat)
- TSPC Telegram Channel (just messages from me)
- Jack on Parler
- Jack on MeWe
- Join Me on LBRY
- Sign Up for CoinBase – Get 10 bucks in free bitcoin when you fund your account with 100 dollars after set up.
- The Jaxx Wallet
- CoinEx No KYC Exchange (as long as you don’t want to use fiat)
- Money Talks – AC/DC
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Re: Crypto as a skill set
I think crypto is an AMAZING skill set. I didn’t actively get into crypto as early as you did (not until 2016) and up till now have just been a small-time miner & trader, but even at this modest level it’s been opening many doors for me. This past year I’ve had people beating down my door wanting to know more and put money into crypto, and this is all WITHOUT capital controls, hyperinflation, or big pressure to find a “escape from the system/fiat”. I don’t even have a store front or company name yet, and I’ve still got people going “TAKE MY MONEY!!!” 🙂
The common theme I’ve been seeing is that lots of people are interested in crypto yet at the same time are seriously intimidated by it, and DESPERATELY want someone to either guide them through it or handle it all for them. Yet getting to basic level of knowledge & proficiency is really not that hard, and potentially opens up a lot of doors. I’d almost liken it to the IT boom in the 90’s… like with computer jobs then, there’s a lot of potential opportunities for even the motivated, self-educating noob. I myself am terrible at programming, possess middling IT skills, and have only a journeyman-level of knowledge & experience in the space. You don’t need to be an OG crypto expert to play in this field, just a push to learn and a good amount of care & caution when trying new things in it. Yet it seems most people just let themselves get intimidated and/or don’t want to put in the time.
I’m finding that space between those people and the crypto world & crypto experts is very much like that “active fringe” concept in permaculture Jack talks about. Pushing past the hesitation & laziness and pursuing this skill set may open up all kinds of options in that fringe, even ones not directly crypto-related.
Would a smartphone with no SIM card make a good wallet? You could keep the JAXX wallet on it and keep it in airplane with no sim card. Then turn on the wifi only when needed and in a safe, home network. My understanding of the hardware wallets is they use bluetooth which can also be turned on only when needed.
I keep my previous model iphone and use it for listening to podcasts while working outside when I don’t want to risk the newer phone.
I’m curious if that might work.
Way to follow up with how tos after the the great reset episode! You are doing all you can to help people ?
thanks man I try