21. Should I Invest in Cryptocurrency or Is It a Fad?

Episode 21 ⋅ 21st September 2021

Should I Invest in Cryptocurrency or Is It a Fad?

Understanding the deep and confusing world of crypto was something that we were putting off learning. But we kept hearing about Bitcoin, Ethereum, NFTs and blockchain, so it's time to figure out once and for all, if cryptocurrency is an investment option we should be considering.

Overview:

Now, we are most definitely not crypto experts, in fact we really don't know much about it…so we've asked Darcy Ungaro, Financial Adviser, Host of the NZ Everyday Investor podcast and crypto investor to join us and chat about all things crypto. And why should we care?

Well in 2020 the Financial Services Council of NZ found that 21% of Kiwis currently invest in cryptocurrency…which tells us it's certainly not a fad! So what are all the basics we need to know about cryptocurrency before investing? Darcy talks these two beginners through the ins and outs.

What's in the episode?

In this episode, Cat goes through a beginners lesson on cryptocurrency to help her decide whether she should invest. With the expertise of Darcy Ungaro, we step through all the question a beginner would ask about Bitcoin and beyond.

Specifically, we cover:

What are cryptocurrencies?
Are all crypto created equal or are some better than others?
Is crypto a currency or an investment?
How can I expect to make money investing in cryptocurrency?
The importance of being diversified in your coins
Why the same fundamental financial principles apply to investing in cryptocurrency as they do investing in the share markets
How do I know if I'm ready to invest in cryptocurrency?
Using crypto in a core-satellite portfolio strategy
Where and how would we start investing in crypto

…And there's lots more goodness in there, so get listening now.

Great resources mentioned on the podcast are: