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The Survival Podcast

Bitcoin Basics: What You Need to Know – Epi-3613

The Survival Podcast

The Survival Podcast

Society & Culture, Philosophy

4.61.8K Ratings

🗓️ 21 January 2025

⏱️ 133 minutes

🧾️ Download transcript

Summary

Today we discuss Bitcoin in a way that even the newest folks can understand. If you’ve been on the fence about getting started or just stuck a toe in and feel overwhelmed, this episode is for you. We’ll break down the basics—things like dollar-cost averaging (DCA) and why it’s one of the simplest ways to get started. We’ll also touch on security, wallets, and why Bitcoin holds value even if no one’s buying coffee with it. No technical rabbit holes or “run-your-own-node-on-Tor” talk here—just practical advice for regular people looking to take the next step. For those who’ve been in Continue reading →

Transcript

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0:00.0

There's a better way to do this.

0:08.8

Let me show you a better way.

0:16.5

And we are live.

0:20.5

Welcome, folks, to episode 3613-3-613.

0:27.0

Bitcoin basics, what you need to know.

0:29.9

The time has come again, where all of a sudden, all the questions start coming in about Bitcoin because we're at the the mid-level of the

0:39.5

bull run which happens for about a two-year period every four-year cycle and then we get all the

0:45.8

news you know last year we got the ETF now we got a potential Bitcoin strategic reserve we

0:53.0

broke in the hundred thousand ceiling. And you tell people over and over again, buy Bitcoin while it's down and they don't do it. And then they ask you how to buy it when it's up. But I think anytime's a good time to get started. Because if you get started buying Bitcoin now with a regular basis, you will be here through the rest of this bull cycle.

1:13.6

We have no idea where that will end, how high it will go, how far it will retract.

1:17.6

But then you'll be able to participate in it when it does correct,

1:21.6

which will be great as it's going down, because whatever it tops out at,

1:26.6

there will be a correction.

1:28.4

So what I'm most worried about doing today for you guys is a show for people that don't know

1:33.1

what to do. You've either got a little bit of Bitcoin or maybe even have a lot because you bought

1:37.3

it a long time ago and now it's stranded on the exchange and you hear me talking about self-cussing.

1:41.5

You're terrified to do it or what have you. just to try to get you heading in the right direction.

1:47.5

I also want to point out, I am alone today.

1:49.8

I'm a one-eyed man.

1:51.3

That's really not a joke.

1:52.6

I really am a one-eyed guy I see about this far.

1:55.4

Actually, I see way over here and about this far or this side, right?

...

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