DC 221: John Colwill - Greatest Hits: The Fundamentals of Cryptocurrency

Adam Carswell shares one of the Greatest Hits of his fascinating Next Level webinars. In this webinar, Adam and co-host Fletcher Wheaton bring on special guest John Colwill, Ecommerce Specialist, to discuss the development of cryptocurrency and how this new form of electronic money holds great potential for investing.

In this episode, John talks about:

• The evolution of money and Bitcoin 
• The technology behind Blockchain Technology 
• The Benefits of investing in cryptocurrency 
• Where to look to invest in cryptocurrency

Adam would like to give a huge thanks to John for being on the Dream Chasers platform and sharing his knowledge of and experience with cryptocurrency.

Watch the YouTube replay here: https://www.youtube.com/watch?v=NF0BDN0j4xs  

Contact John Colwill: https://www.linkedin.com/in/john-colwill-8340a7b6/

Episode Resources: Adam J. Carswell Facebook Group | The Fundamentals of Cryptocurrency with John Colwill | Raise Masters 

Timestamped Shownotes (Audio):

01:55 – Host Adam Carswell and co-host Fletcher Wheaton introduce special guest John Colwill, Ecommerce Specialist 

08:29 – How has money evolved over time?

10:18 – What are the problems with centralized authorities controlling money?

11:18 – Why was Bitcoin created?

12:22 – How does blockchain technology work to successfully facilitate electronic money transactions? 

14:02 – Why is there a finite amount of Bitcoin supply?

15:25 – What are some alternatives to Bitcoin?

16:30 – What is decentralized finance (DeFi)?

17:02 – What are Non-Fungible Tokens (NFTs) and how do they hold value?

18:25 –  What are the benefits of investing in cryptocurrency?

21:00 – How has Bitcoin exponentially grown in value in the last 5 years?

23:49 – What platforms should people use to invest in cryptocurrency? 

27:50 – Has cryptocurrency replaced gold as a safe-haven investment?

28:48 – What are Johnny’s thoughts on trading cryptocurrency on platforms like Coinbase?

29:18 – What percentage of your investment portfolio should you put toward cryptocurrency and Bitcoin?

31:38 – Why is there a finite amount of Bitcoin and where can you track Bitcoin mining?

32:37 – How is Bitcoin becoming more mainstream to exchange for other assets and value holders? 

33:33 – What makes Blockify able to compound interest on your BTC and are there negatives with that?

34:45 – At what stage should investors begin to look at electronic wallets to store their cryptocurrency?

35:59 – Are there any major competitors to Bitcoin for cryptocurrency investments?

37:50 – Why are p

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