But frauds and little scams. And there's something that a fraud constantly does: it constantly goes to absolutely no - teeka tiwari 5 coins. 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.
Therefore I can't ignore that. I've got to go dig much deeper. teeka tiwari 5 coins." Therefore I began taking a trip all around the world. I began going to Bitcoin events; I began to talking to people that were smarter than me in this space. And what I realized is that Blockchain innovation and the execution of Blockchain innovation by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how huge that is! The ramifications of that, of having the ability to have information that we do not need to have it separately confirmed, it's cryptographically confirmed. That idea can ripple out throughout the entire greater economy. And when that penny dropped, I understood I had to dedicate all my professional resources into ending up being an expert in this space.
And do you think, I mean you pointed out 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 fully understand validation procedure [inaudible 00:04:11].
We were simply speaking about how I'm delegating go to China, to China. And heaven forbid it's over $10,000, and after that suddenly there's other people getting informed about it, like the Internal Revenue Service and things like that. Do you think that the average folks do not maybe understand about these procedures, so they do not perhaps see what you're saying as this advancement, they do not see it in their daily life? Or what do you consider that? I think that holds true.
It's not as easy as shooting up a web browser and going to e-trade. com and pushing a buy button and purchasing 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 confirmed, and then finally, you can go buy some Bitcoin.
So, a great deal of people find that too troublesome, and that's why individuals that are literally making the most amount of cash today in cryptocurrencies are the early adopters: individuals that want to put in perhaps the 20 minutes needed to go through a process which simply takes five minutes if you wish to set up a brokerage account - teeka tiwari next bitcoin.
"Oh Teeka, we like your ideas, however gosh, setting up a crypto account is so difficult." What I inform 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 earning money a huge quantity of money to go through maybe, you understand, 20 minutes of a nuisance (undefined). glenn beck teeka tiwari.
So you can't buy Bitcoin yet through their trading platform, however it is simply a concern of time, Ryan, prior to you'll be able to purchase cryptocurrencies directly through your trading software. And can you picture what will happen to this entire marketplace when purchasing Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform - teeka tiwari review - undefined.
Today you mentioned the process that individuals go through, and something I wish to expose too that you didn't mention, however I know a lot of folks who deal with this too, is oh, and by the method, you can just buy $1,000 a week. Or you can just purchase $500 a week.
As tough as possible, ideal, like Coinbase. It 'd take me forever before I might begin purchasing in size on Coinbase. They're like, well, we'll let you purchase $500 a week, Teeka (teeka tiwari palm beach). I suggest, it's if you keep in mind the early days of the Internet, when we were getting on the Internet, we were doing it with 56k modems, right? I indicate 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 imply, we remain in the early days of that innovation, but similar to during that amount of time, for the folks that had the vision to see where the future was going, and after that bought in on a few of these young business, they made an outright 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, especially someone like yourself, who's dedicated the last, you understand, 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 an excellent concern.
They're 2 absolutely different things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an option to money. So Bitcoin would be a cryptocurrency. Therefore what gives it value is that it is, there's just going to be a restricted quantity. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, verifying the transactions on the Bitcoin network. And so if you look at that Bitcoin network, people continuously attempt to hack it. However because of the nature of the network, today it's been unhackable. And really, with existing innovation, the Bitcoin network is so big today, you can't co-opt it, you can't take it over (undefined).
And so when people put, you've got individuals who have actually own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're stating, "We do not rely on paper cash, you can print an endless quantity of it. It's truly not secure, and the federal government can take it away from you." [crosstalk 00:10:15] - Whereas with Bitcoin, best [crosstalk 00:10:16], go ahead.
Yeah (teeka tiwari net worth). Or individuals that remained in Cypress, or just people who have actually suffered through either run-away inflation, or there's a high need for, in Argentina for example, high demand for a black market of U.S. dollars. Correct. Are those countries that could possibly be a driver for more adoption, because they currently don't believe in their own currency? Yeah, and I think we have actually already seen that.
So yes, and this is a thing that a lot of American or Western financiers have a tough time getting their head around. teeka tiwari. They're like, "Well I do not require Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You don't require Bitcoin. But there are billions of people on the planet that do not have stable currencies.
Yeah. And so there's this entire growing global need for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins - teeka tiwari twitter. And utility coins are basically utilized, let's say Ethereum, which a lot of individuals understand about Ethereum. Ethereum is essentially a global computer system that you can write computer programs for and run computer system programs on an internationally decentralized computer program.
So we think about something like Ether an energy token, due to the fact that you're essentially purchasing programming power. So I would not actually think about Ether a cryptocurrency, I would call them an utility coin. Okay. teeka tiwari twitter. And there are other ones out there, to offer people a concept, like a very easy 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 example, because it's on numerous various locations and. I do not understand the ins and outs of it, however as an example for somebody who may just be really fundamental in their understanding of this, there are many various kinds of energies that are available.
And you kind of mentioned having this boots on the ground experience. Now, considering that we're looking at the bulk of these are most likely energy based, correct? Mm-hmm (affirmative). Many of the coins that I suggest and take a look at are utility-based. We have a couple of cryptocurrencies, however I think the genuine opportunity lies in the energy coin area.
There's all of these ICOs that were occurring, those decreased 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 start to create energy coins- Correct, yeah. And individuals need to understand that not all energy coins are created equivalent - teeka tiwari.
So you have the advantage of committing your profession to this, so you can go out there and do the recon, you can satisfy the creators, you can examine the code, and so on. However for a typical person, there's now what, over 1,000 various types of coins available, almost 1,200 I think. 'Cause generally it'll crash 80% or so. And that's when we actually begin looking at the concept in more detail. So here are some fast and unclean things that you should take a look at, right? So, one is, are they solving a problem that needs to be fixed? Among the big disadvantages with very wise, technical individuals, is that they like to resolve problems that nobody cares about resolving. teeka tiwari review.
Does the group have experience of carrying out in a successful manner in another area of their life? And it does not even need to be straight associated to cryptocurrency, it doesn't need to be even directly associated to software, right? So, but I desire to see a performance history of success in something, right? If it's four people in a space that are simply out of college, unless they've got some really good consultants behind them, I'm most likely not going to give them any cash - teeka tiwari next bitcoin.
Yeah. I think that in marketing in general, my world of service, we continuously try to find issues and how we can fix them. Now, are the problems things that people are trying to solve a part of the Blockchain generally? Or would you state it's much better if they're solving kind 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 essentially looking for solutions that, so I'll provide you an example - teeka tiwari glenn beck. undefined.
And the factor that we bought it is due to the fact that they discovered 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 person that began it has a performance history of creating computer system programs that entire states run their entire operations on, right? So you've got all right, the smart man has developed big computer programs, terrific team, solving a huge problem that is going to cut huge costs.
I imply, it doesn't get any easier than that in regards to deciding who to put money behind. And a great deal of this is common sense, and a great deal of folks will try to make things more complex than it is. And I have a truly easy guideline, Ryan. If I don't understand something, I put up my hand, and I say, "I didn't comprehend what you simply stated." Mm-hmm (affirmative).