Ep 5 - Cryptocurrency - Bloodbath Or Gold Mine?

<p>In this episode, we discuss the what is cryptocurrency and if you should invest. This is still a very risky asset that if you purchase, will be highly volatile and can make you lose a lot of money, or it can make you get some unimaginable gains. </p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p>Show Notes:</p> <ul><li style="font-weight:400;"> <ul><li style="font-weight:400;">Intro. What is CryptoCurrency</li> <li style="font-weight:400;">Different types of crypto <ul><li style="font-weight:400;">POW - Proof Of Work <ul><li style="font-weight:400;">You work for the coins so you mine it</li> </ul> </li> <li style="font-weight:400;">POS - Proof Of Stake <ul><li style="font-weight:400;">These technically auto mine</li> </ul> </li> <li style="font-weight:400;">Hybrid POW-POS <ul><li style="font-weight:400;">A little bit of both</li> </ul> </li> <li style="font-weight:400;">Other types such as POC - Proof of concept and more</li> </ul> </li> <li style="font-weight:400;">Should you invest? <ul><li style="font-weight:400;">This past week has been a blood bath. Crypto dropped 50+%</li> <li style="font-weight:400;">But overall crypto is up</li> <li style="font-weight:400;">It is a good price time since it is low.</li> <li style="font-weight:400;">This drop was caused by fear of corona. </li> </ul> </li> <