Getting Started with cryptocurrencies

On this episode of the Crypto Hustle Podcast, we sat down and talked to YouTuber and cryptocurrency expert Jack “Crypto” Ellis. Jack got into Bitcoin back when it was just worth over a thousand dollars and had a bad reputation as the currency used for drug trade.

He divulged how his friends told him that he won’t make money out of Bitcoin and how he proved them wrong.

With the growing popularity of cryptocurrency, he started joining a number of Facebook and Reddit groups and watching several YouTube videos to educate himself about how cryptocurrencies work. He also recommends familiarizing one’s self with the website called Coin Market Cap, which he described as one of the best resource for everything about cryptocurrencies.

Jack also shared which YouTubers he follow and which Telegram groups to join if one wants to learn about cryptocurrencies. He also shared his opinion on Bitcoin being a viable investment especially if you are just starting out and what alternative cryptocurrencies you can invest in as an alternative.

He also revealed why he believes Etherium is the next big thing after Bitcoin and how it isn’t an actual cryptocurrency but more of a technology that lets you create your own cryptocurrency.

Jack also dives into Lysk, a cryptocurrency that lets brands create their own blockchain with the use of Javascript, and how developers are loving it because it uses a language that’s universally used.

He also touched on another cryptocurrency that’s making waves called Litecoin which boasts of a much faster transfer rate compared to Bitcoin.

It’s a really fun and informative episode you shouldn’t miss. If you are looking to invest into cryptocurrencies, this episode is definitely the one you’ve been waiting for because Jack’s recommendations are based on his own experiences that he is more than willing to share with everyone.