meta_pixel
Tapesearch Logo
Log in
Kim Komando Today

Cryptocurrency 101: Your quick guide to digital currency

Kim Komando Today

WestStar Multimedia Entertainment, Inc

News, Tech News, Technology

4.8770 Ratings

🗓️ 30 June 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

Bitcoin, Dogecoin, mining, Ethereum, gas prices, Binance ... Cryptocurrency is going mainstream, but that doesn't mean these are easy waters to navigate. Before you dive in, listen to this podcast. Kim and team have the info you need to get started the safe way.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

How do I use cryptocurrency? And how can I make money at cryptocurrency? What should I buy? How much should I buy? And how long should I hold it?

0:10.4

You know, you can't turn on the news or go online without hearing or seeing something about cryptocurrency, Bitcoin, Elon Musk. It's crazy out there. But let's get started so we're all on the same page. We're

0:21.3

talking about electronic currency here. It's not controlled by a government. It's not backed

0:26.2

by a standard like gold. These aren't physical tokens. I mean, I can't toss you a Bitcoin,

0:32.4

although at tens of thousands of dollars a pop, I bet you wish that I could. Bitcoin is the

0:36.6

one that most people know about. But there are others, like Ethereum, Lightcoin, or even Dogecoin, which is really

0:42.8

funny because that was created as a parody way back in 2013. And here's a little fun fact.

0:48.8

What was the first documented purchase ever using Bitcoin? Okay, think about it. What was it? Was it some piece of

0:55.6

electronics? Was it something that somebody really needed? Well, on May 22nd, 2010, a guy by the name of

1:02.3

Laslo Hazez, which I know that I just mispronounced the guy's name terribly. I mean, you try to say it.

1:08.2

H-A-N-Y-C-Z, and I'm sure somebody out there can.

1:12.6

Anyway, he bought two Papa John's pizzas with 10,000 Bitcoin or around $41.

1:17.9

Well, that $10,000 today would be worth, get this, almost $451 million.

1:26.8

Wow.

1:32.3

Wow. And if you want to invest in cryptocurrency, it can get really complicated to know even where to begin. Well, let me tell you, you've come to the right place. And if you ever thought

1:37.5

that you could make money mining bitcoins, ho ho. We brought in the best expert we could find.

1:45.0

And let me tell you one thing.

1:46.0

You need to be really smart about anything that you ever do with cryptocurrency.

1:51.0

And this Kim Commando explains you're going to learn all about cryptocurrency.

1:55.2

But there's so much more.

1:56.8

That's why we put together Cryptocurrency 101.

1:59.8

You can learn more about the book right now over at commando.com slash cryptocurrency.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from WestStar Multimedia Entertainment, Inc, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of WestStar Multimedia Entertainment, Inc and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.