However frauds and small scams. And there's something that a scams always does: it constantly goes to absolutely no - teeka tiwari reviews. But 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. Which woke something up for me.
And so I can't overlook that. I've got to go dig much deeper. teeka tiwari reviews." And so I began traveling all around the world. I began going to Bitcoin events; I started to talking with people that were smarter than me in this area. And what I understood is that Blockchain innovation and the application of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how massive that is! The implications of that, of having the ability to have information that we don't need to have it independently confirmed, it's cryptographically confirmed. That principle can ripple out throughout the whole greater economy. And when that penny dropped, I understood I needed to commit all my expert resources into becoming a specialist in this area.
And do you believe, I mean you mentioned something there about not needing to get a third-party, or intermediary to confirm 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 totally understand recognition process [inaudible 00:04:11].
We were simply discussing how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and then suddenly there's other individuals getting notified about it, like the IRS and things like that. Do you believe that the average folks do not maybe understand about these processes, so they do not possibly see what you're stating as this advancement, they do not see it in their everyday life? Or what do you believe about that? I believe that holds true.
It's not as easy as firing up a web browser and going to e-trade. com and pressing a buy button and buying it, right? You have actually got to go to an exchange, you've got to submit your identity files, then you have actually got to wait to get validated, and then lastly, you can go buy some Bitcoin.
So, a lot of people discover 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 are prepared to put in possibly the 20 minutes required to go through a procedure which simply takes five minutes if you wish to set up a brokerage account - teeka tiwari twitter.
"Oh Teeka, we enjoy your concepts, however gosh, establishing a crypto account is so tough." What I tell them is I state, "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 getting paid a huge quantity of money to go through perhaps, you know, 20 minutes of a headache (undefined). teeka tiwari twitter.
So you can't purchase Bitcoin yet through their trading platform, but it is just a concern of time, Ryan, before you'll be able to purchase cryptocurrencies straight through your trading software. And can you imagine what will happen to this entire marketplace when buying Bitcoin or any cryptocurrency is as easy as shooting up your e-trade, or fidelity tradings platform - teeka tiwari palm beach - undefined.
Right now you pointed out the procedure that people go through, and one thing I wish to expose too that you didn't point out, but I know a great deal of folks who struggle with this too, is oh, and by the method, you can just buy $1,000 a week. Or you can only buy $500 a week.
As hard as possible, best, like Coinbase. It 'd take me forever before I could start buying in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka (teeka tiwari 5 coins). I suggest, it's if you keep in mind the early days of the Web, when we were getting on the Internet, we were doing it with 56k modems, right? I suggest it would take 20 minutes to pack a page.
Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I imply, we're in the early days of that innovation, but similar to throughout that duration of time, for the folks that had the vision to see where the future was going, and after that purchased in on a few of these young business, they made an outright fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, since I'm always curious to talk to people who are, particularly someone like yourself, who's devoted the last, you know, the bulk of the last few years to truly go both feet in on this - teeka tiwari 5 coins. How do you explain cryptocurrency to like an average individual? That's a terrific question.
They're two absolutely various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an alternative to cash. So Bitcoin would be a cryptocurrency. Therefore what provides it worth is that it is, there's only going to be a minimal quantity. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, validating the deals on the Bitcoin network. Therefore if you take a look at that Bitcoin network, individuals continuously try to hack it. However since of the nature of the network, today it's been unhackable. And really, with existing technology, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over (undefined).
And so when people put, you've 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 cash, you can print an unrestricted quantity of it. It's actually 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 hyperinflation, or there's a high demand for, in Argentina for instance, high need for a black market of U.S. dollars. Correct. Are those nations that could possibly be a driver for more adoption, due to the fact that they already do not think in their own currency? Yeah, and I believe we've currently seen that.
So yes, and this is a thing that a great deal of American or Western financiers have a difficult time getting their head around. teeka tiwari net worth. They resemble, "Well I don't need Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You do not require Bitcoin. But there are billions of people in the world that do not have steady currencies.
Yeah. Therefore there's this entire burgeoning worldwide demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins - teeka tiwari twitter. And utility coins are generally utilized, let's say Ethereum, which a lot of people understand about Ethereum. Ethereum is essentially a global computer system that you can write computer system programs for and run computer programs on an internationally decentralized computer program.
So we think about something like Ether an energy token, because you're essentially purchasing shows power. So I would not truly think about Ether a cryptocurrency, I would call them an utility coin. Okay. teeka tiwari. And there are other ones out there, to offer individuals a concept, like an extremely simple one that I would picture you 'd called an utility token, is like FileCoin.
Where the concept is that essentially you're hosting files through a peer-based network, and there's type of this same type of network result that you have with Bitcoin, where it's like unstoppable kind of thing, due to the fact that it's on a lot of different areas and. I do not understand the ins and outs of it, but as an example for somebody who might simply be extremely standard in their understanding of this, there are so many different kinds of energies that are available.
And you type of mentioned having this boots on the ground experience. Now, because we're taking a look at the bulk of these are most likely utility based, correct? Mm-hmm (affirmative). Many of the coins that I recommend and look at are utility-based. We have a few cryptocurrencies, but I think the real opportunity depends on the utility coin area.
There's all of these ICOs that were occurring, those decreased a bit with some changes to a few things that was going on, but individuals are going to come out of the woodwork and begin to develop energy coins- Correct, yeah. And individuals need to understand that not all energy coins are created equal - teeka tiwari twitter.
So you have the advantage of devoting your occupation to this, so you can head out there and do the reconnaissance, 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 various types of coins offered, practically 1,200 I think. 'Cause typically it'll crash 80% or so. And that's when we really begin taking a look at the concept in more information. So here are some fast and dirty things that you should take a look at, right? So, one is, are they solving a problem that requires to be resolved? Among the big disadvantages with extremely wise, technical people, is that they like to resolve problems that no one cares about solving. teeka tiwari reviews.
Does the team have experience of performing in a successful way in another area of their life? And it doesn't even need to be directly associated to cryptocurrency, it doesn't need to be even directly related to software, right? So, however I desire to see a performance history of success in something, right? If it's four guys in a room that are just out of college, unless they have actually got some really great consultants behind them, I'm most likely not going to provide any money - teeka tiwari net worth.
Yeah. I believe that in marketing in basic, my world of company, we continuously look for problems and how we can resolve them. Now, are the problems things that people are trying to solve a part of the Blockchain usually? Or would you say it's better if they're fixing sort of a mass problem? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm basically searching for services that, so I'll offer you an example - teeka tiwari. undefined.
And the reason that we purchased it is because they discovered a method to make documents tamper-proof, and it's 99% more affordable than present technology, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the guy that started it has a performance history of developing computer system programs that whole states run their whole operations on, right? So you have actually got alright, the smart person has developed substantial computer system programs, excellent group, fixing a massive problem that is going to cut big expenses.
I imply, it does not get any simpler than that in regards to deciding who to put money behind. And a great deal of this prevails sense, and a lot of folks will try to make things more complicated than it is. And I have an actually simple rule, Ryan. If I do not understand something, I installed my hand, and I say, "I didn't comprehend what you just stated." Mm-hmm (affirmative).