However scams and small frauds. And there's one thing that a scams constantly does: it constantly goes to zero - teeka tiwari. However Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the bad news came out. The huge hack. And that woke something up for me.
And so I can't disregard that. I have actually got to go dig much deeper. teeka tiwari review." Therefore I began traveling all around the world. I began going to Bitcoin occasions; I began to talking to individuals that were smarter than me in this space. And what I understood is that Blockchain innovation and the implementation of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overstate how huge that is! The implications of that, of being able to have data that we do not require to have it individually verified, it's cryptographically validated. That principle can ripple out throughout the whole higher economy. And when that cent dropped, I understood I needed to devote all my expert resources into becoming a specialist in this space.
And do you believe, I indicate you mentioned something there about not needing to get a third-party, or intermediary to verify something. Do you feel that part of the reason that this isn't getting as much mass adoption is that a great deal of folks might not even completely comprehend recognition process [inaudible 00:04:11].
We were just talking about how I'm delegating go to China, to China. And paradise forbid it's over $10,000, and after that suddenly there's other individuals getting notified about it, like the Internal Revenue Service and things like that. Do you believe that the average folks don't perhaps know about these procedures, so they do not possibly see what you're saying as this breakthrough, they don't see it in their everyday life? Or what do you believe about that? I believe that holds true.
It's not as simple as firing up a web browser and going to e-trade. com and pushing a buy button and buying it, right? You have actually got to go to an exchange, you've got to publish your identity documents, then you have actually got to wait to get validated, and then finally, you can go buy some Bitcoin.
So, a great deal of individuals find that too troublesome, and that's why individuals that are literally making the most amount of money today in cryptocurrencies are the early adopters: individuals that want to put in possibly the 20 minutes required to go through a process which just takes five minutes if you want to set up a brokerage account - teeka tiwari wikipedia.
"Oh Teeka, we like your ideas, however gosh, setting up a crypto account is so challenging." What I tell them is I say, "Look, when it's simple as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The whole cryptocurrency market will be 10x bigger. So you're in fact really making money an enormous amount of money to go through perhaps, you know, 20 minutes of a nuisance (undefined). teeka tiwari review.
So you can't purchase Bitcoin yet through their trading platform, however it is just a question of time, Ryan, before you'll be able to purchase cryptocurrencies directly through your trading software application. And can you envision what will take place to this whole marketplace when purchasing Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform - teeka tiwari twitter - undefined.
Today you pointed out the procedure that people go through, and something I want to bring to light too that you didn't discuss, however I understand a lot of folks who battle with this too, is oh, and by the method, you can only buy $1,000 a week. Or you can only buy $500 a week.
As tough as possible, best, like Coinbase. It 'd take me forever prior to I could start purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka (teeka tiwari 5 coins). I imply, it's if you keep in mind the early days of the Web, when we were getting on the Web, we were doing it with 56k modems, right? I suggest it would take 20 minutes to load a page.
Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I suggest, we remain in the early days of that technology, but simply like during that amount of time, for the folks that had the vision to see where the future was going, and then purchased in on a few of these young companies, they made an absolute fortune.
Mm-hmm (affirmative). And let's take a step back for a 2nd, since I'm constantly curious to talk to people who are, particularly somebody like yourself, who's dedicated the last, you understand, the much better part of the last few years to truly go both feet in on this - glenn beck teeka tiwari. How do you explain cryptocurrency to like a typical individual? That's a fantastic concern.
They're 2 absolutely different things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an option to money. So Bitcoin would be a cryptocurrency. And so what gives it value is that it is, there's just going to be a restricted quantity. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computers, validating the deals on the Bitcoin network. And so if you look at that Bitcoin network, individuals continuously try to hack it. But because of the nature of the network, today it's been unhackable. And truly, with existing technology, the Bitcoin network is so huge today, you can't co-opt it, you can't take it over (undefined).
And so when people put, you have actually got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet because they're saying, "We don't trust paper money, you can print an unrestricted quantity of it. It's truly not secure, and the federal government can take it far from you." [crosstalk 00:10:15] - Whereas with Bitcoin, best [crosstalk 00:10:16], go ahead.
Yeah (teeka tiwari net worth). Or people that remained in Cypress, or simply individuals who have actually suffered through either devaluation, or there's a high need for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those nations that could potentially be a catalyst for more adoption, due to the fact that they currently don't think in their own currency? Yeah, and I think we've already seen that.
So yes, and this is a thing that a great deal of American or Western investors have a difficult time getting their head around. teeka tiwari palm beach. They resemble, "Well I don't require Bitcoin, I have cash." Well yeah, you're right, you've got a steady currency, right? You do not require Bitcoin. However there are billions of people worldwide that don't have stable currencies.
Yeah. And so there's this whole growing worldwide demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins - glenn beck teeka tiwari. And energy coins are essentially utilized, let's say Ethereum, which a lot of people know about Ethereum. Ethereum is basically an international computer system that you can write computer programs for and run computer programs on a worldwide decentralized computer system program.
So we think about something like Ether an utility token, because you're essentially purchasing programs power. So I wouldn't truly consider Ether a cryptocurrency, I would call them an energy coin. Okay. teeka tiwari twitter. And there are other ones out there, to offer people a concept, like a really basic one that I would imagine you 'd called an energy token, is like FileCoin.
Where the concept is that basically you're hosting files through a peer-based network, and there's sort of this same kind of network impact that you have with Bitcoin, where it resembles unstoppable kind of thing, because it's on so numerous different areas and. I don't understand the ins and outs of it, however as an example for somebody who might just be extremely fundamental in their understanding of this, there are numerous various kinds of energies that are readily available.
And you sort of mentioned having this boots on the ground experience. Now, because we're taking a look at the bulk of these are probably energy based, fix? Mm-hmm (affirmative). The majority of the coins that I advise and take a look at are utility-based. We have a few cryptocurrencies, but I think the genuine opportunity depends on the utility coin space.
There's all of these ICOs that were taking place, those slowed down a bit with some changes to a couple of things that was going on, but individuals are going to come out of the woodwork and begin to produce utility coins- Correct, yeah. And people require to understand that not all energy coins are created equivalent - teeka tiwari palm beach.
So you have the advantage of devoting your profession to this, so you can go out there and do the recon, you can meet the creators, you can inspect the code, and so on. However for a typical person, there's now what, over 1,000 different kinds of coins available, almost 1,200 I believe. 'Cause usually it'll crash 80% or two. And that's when we really start looking at the idea in more information. So here are some fast and unclean things that you should look at, right? So, one is, are they resolving a problem that needs to be solved? One of the big downsides with very clever, technical people, is that they like to fix problems that no one appreciates fixing. teeka tiwari glenn beck.
Does the team have experience of carrying out in a successful way in another area of their life? And it does not even have to be straight related to cryptocurrency, it does not have to be even directly associated to software application, right? So, but I wish to see a track record of success in something, right? If it's 4 people in a space that are just out of college, unless they've got some really excellent advisors behind them, I'm most likely not going to provide any money - teeka tiwari picks.
Yeah. I think that in marketing in general, my world of business, we continuously try to find issues and how we can fix them. Now, are the issues things that individuals are trying to fix a part of the Blockchain usually? Or would you state it's better if they're solving sort of a mass issue? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm generally trying to find solutions that, so I'll give you an example - teeka tiwari next bitcoin. undefined.
And the reason that we bought it is due to the fact that they found a method to make files tamper-proof, and it's 99% less expensive than present innovation, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the man that started it has a track record of creating computer programs that whole states run their whole operations on, right? So you've got alright, the smart person has actually developed substantial computer system programs, terrific team, resolving a huge issue that is going to cut huge expenses.
I imply, it does not get any easier than that in regards to choosing who to put money behind. And a great deal of this is common sense, and a lot of folks will attempt to make things more complex than it is. And I have a really easy guideline, Ryan. If I don't comprehend something, I put up my hand, and I say, "I didn't understand what you simply stated." Mm-hmm (affirmative).