It was February 27, 2014. I was doing a TV news story on something relatively new in the investment world: Bitcoin.

After briefly explaining digital currencies, I wanted to show exactly how one goes about investing in them. So I had my videographer take some video of my computer screen while I purchased a half a Bitcoin in real time. My investment? $289.47.

Months, then years, went by, and I forgot about the money I'd put in Bitcoin. Then, about 4 years later, Bitcoin was making headlines as it surpassed $10,000 in value. And that's when it hit me: I own some of that! So I went online, sold about half of the Bitcoin I owned. And since I was playing with the house's money, I used the proceeds to buy some of the second most popular digital currency, Etherium, which at the time was going for about $800.

Fast-forward to today, and my crypto investments are worth around $45,000. My current crypto balance isn't all from my original $289 investment: I've invested additional money along the way. Still, this is a textbook example of a blind squirrel finding a golden acorn. And I'm not the only one. There are lots of similar stories, many infinitely more spectacular.

I'll bet it's these type of stories, more than anything else, that are driving the crypto craze. That, and the insane volatility in the digital asset space.

Just this year, Bitcoin started at around $30,000 per coin, got as high as $65,000, fell back to $30,000 and now have climbed back to $45,000. That means it's doubled, then lost half its value, then gained back 30%, all within 7 months.

And because of all this price movement, are digital assets really worth investing in? How can something be a medium of exchange, like a currency, or a store of value, like gold, when it's this volatile?

If nothing else, however, it's fascinating. That's why I wanted to learn about it and why I want you to understand it as well.

That's what this week's "Money!" podcast is about. We're going to give you the skinny on what digital currencies are all about, how to invest, and a little advice on whether you should.

Want more information? Check out these resources:
Why Most Financial Advisors Won't Recommend Bitcoin
Is It Too Late to Buy Bitcoin?
Wall Street Journal: Want to Dip a Toe Into Bitcoin? Here's How to Invest in Cryptocurrency
Barron's: Should Investors Buy Cryptocurrencies? The Barron's Roundtable Weighs In
Time: You Have Cryptocurrency Questions. We Have Answers
Forbes: Cryptocurrency 101: All You Really Need To Know
Motley Fool: 5 Things to Know Before You Buy Bitcoin
Investopedia: What You Must Know Before Investing in Cryptocurrency
Money Talks News' savings account search tool
Subscribe to the Money Talks News newsletter
Take our course The Only Retirement Guide You'll Ever Need
Take our course Money Made Simple
Miranda Marquit's website

It was February 27, 2014. I was doing a <a href="https://www.youtube.com/watch?v=v7182qQf1Rg">TV news story</a> on something relatively new in the investment world: Bitcoin.
After briefly explaining digital currencies, I wanted to show exactly how one goes about investing in them. So I had my videographer take some video of my computer screen while I purchased a half a Bitcoin in real time. My investment? $289.47.
Months, then years, went by, and I forgot about the money I'd put in Bitcoin. Then, about 4 years later, Bitcoin was making headlines as it surpassed $10,000 in value. And that's when it hit me: I own some of that! So I went online, sold about half of the Bitcoin I owned. And since I was playing with the house's money, I used the proceeds to buy some of the second most popular digital currency, Etherium, which at the time was going for about $800.
Fast-forward to today, and my crypto investments are worth around $45,000. My current crypto balance isn't all from my original $289 investment: I've invested additional money along the way. Still, this is a textbook example of a blind squirrel finding a golden acorn. And I'm not the only one. There are lots of similar stories, many infinitely more spectacular.
I'll bet it's these type of stories, more than anything else, that are driving the crypto craze. That, and the insane volatility in the digital asset space.
Just this year, Bitcoin started at around $30,000 per coin, got as high as $65,000, fell back to $30,000 and now have climbed back to $45,000. That means it's doubled, then lost half its value, then gained back 30%, all within 7 months.
And because of all this price movement, are digital assets really worth investing in? How can something be a medium of exchange, like a currency, or a store of value, like gold, when it's this volatile?
If nothing else, however, it's fascinating. That's why I wanted to learn about it and why I want you to understand it as well.
That's what this week's <a href="https://www.moneytalksnews.com/podcasts/">"Money!" podcast</a> is about. We're going to give you the skinny on what digital currencies are all about, how to invest, and a little advice on whether you should.
Want more information? Check out these resources:
<ul>
<li><a href="https://www.moneytalksnews.com/why-most-financial-advisors-wont-recommend-bitcoin/">Why Most Financial Advisors Won't Recommend Bitcoin</a></li>
<li><a href="https://www.moneytalksnews.com/is-it-too-late-to-buy-bitcoin/">Is It Too Late to Buy Bitcoin?</a></li>
<li>Wall Street Journal: <a href="https://www.wsj.com/articles/-how-to-invest-in-cryptocurrency-like-bitcoin-11626385534">Want to Dip a Toe Into Bitcoin? Here's How to Invest in Cryptocurrency</a></li>
<li>Barron's: <a href="https://www.barrons.com/articles/should-you-buy-bitcoin-cryptocurrencies-roundtable-51626470867">Should Investors Buy Cryptocurrencies? The Barron's Roundtable Weighs In</a></li>
<li>Time: <a href="https://time.com/nextadvisor/investing/cryptocurrency/what-is-cryptocurrency/">You Have Cryptocurrency Questions. We Have Answers</a></li>
<li>Forbes: <a href="https://www.forbes.com/sites/nextavenue/2021/06/18/cryptocurrency-101-all-you-really-need-to-know/">Cryptocurrency 101: All You Really Need To Know</a></li>
<li>Motley Fool: <a href="https://www.fool.com/the-ascent/buying-stocks/articles/5-things-to-know-before-you-buy-bitcoin/">5 Things to Know Before You Buy Bitcoin</a></li>
<li>Investopedia: <a href="https://www.investopedia.com/tech/what-you-must-know-investing-crypto/">What You Must Know Before Investing in Cryptocurrency</a></li>
<li>Money Talks News' <a href="https://www.moneytalksnews.com/rates/savings/">savings account search tool</a></li>
<li>Subscribe to the <a href="https://www.moneytalksnews.com/#newsletter">Money Talks News newsletter</a></li>
<li>Take our course <a href="https://unb.moneytalksnews.com/retirement-guide/">The Only Retirement Guide You'll Ever Need</a></li>
<li>Take our course <a href="https://www.moneytalksnews.com/courses/money-made-simple/">Money Made Simple</a></li>
<li><a href="http://mirandamarquit.com/">Miranda Marquit's website</a></li>
</ul>

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

Ready to Try Crypto Currencies? Here's Everything You Need to Know

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/2b14c98e-6f67-4f69-88f2-ad8300d826f2/transcript

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