38: Chris Dunn: Bitcoin, Crypto-Currencies, and How to Profit
By Sam Marks / Johnny FD
Chris Dunn is a world-renowned entrepreneur, investor, and educator. He has unique expertise in crypto-currencies that he developed off a background in day trading. He uses this powerful medium to profit off trades in Bitcoin and other crypto-currencies as well as direct investments in Fin-tech start-ups. Chris joins us from his base in Austin, Texas to give us his perspective on how the average investor may look to play Bitcoin, what the risks are, how to acquire and store digital coins, and what the future may look like. It is an eye-opening episode and a great intro to the new and complicated category of crypto-currencies. Chris's Links: Website: Chris Dunn Company: Skill Incubator Twitter: @ChrisDunnTV Discussed: ILAB 19: Simon Black – Finding Outsized Returns Off the Beaten Path Crypto-Currency Market Capitalizations: Coin Market Cap Book: Harry Dent: The Sale of a Lifetime Show Notes: 03:15 - Skill Incubator 04:30 - Traveling 60+ cities 06:16 - Austin Texas 07:11 - Video Podcasting 08:30 - What is Bitcoin & Cryptocurrencies? 12:03 - Blockchain 12:20 - Value of Bitcoin 15:32 - Invest and save capital 18:18 - Flaws and drawbacks 22:10 - Daily exchange and taxes 25:15 - Making a profit 24:48 - Where to buy 30:47 - Public and private key 35:23 - Coinbase 36:10 - Proper trading 39:13 - First-time investment experience 43:40 - Competitors & market caps 46:24 - Gold & precious metals 50:49 - Johnny’s Bitcoin investment 52:42 - How Sam lost $30,000 55:37 - Tesla downpayment 56:08 - Accepting Bitcoin for digital product 57:25 - Banks, large bills & paper money 1:01:00 - Amazon coin 1:05:42 - Paypal’s rolling reserve If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.