However scams and small frauds. And there's something that a fraud constantly does: it constantly goes to no - glenn beck 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 enormous hack. Which woke something up for me.
Therefore I can't ignore that. I've got to go dig much deeper. teeka tiwari reviews." And so I began taking a trip all around the world. I began going to Bitcoin events; I started to talking with individuals that were smarter than me in this space. And what I understood is that Blockchain technology and the application of Blockchain innovation by the Bitcoin network was transformational.
And that, Ryan, is, I can't overstate how enormous that is! The ramifications of that, of being able to have data that we don't need to have it individually confirmed, it's cryptographically verified. That principle can ripple out throughout the entire greater economy. And when that penny dropped, I understood I had to dedicate all my professional resources into becoming an expert in this space.
And do you think, I mean you pointed out something there about not having to get a third-party, or intermediary to validate 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 just discussing how I'm delegating go to China, to China. And heaven prohibited it's over $10,000, and then suddenly there's other individuals getting alerted about it, like the IRS and things like that. Do you believe that the typical folks don't perhaps understand about these procedures, so they do not perhaps see what you're stating 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 easy as firing up a web internet 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 have actually got to submit your identity documents, then you've got to wait to get verified, and then lastly, you can go purchase some Bitcoin.
So, a great deal of individuals discover that too troublesome, which's why individuals that are actually making the most amount of cash right now in cryptocurrencies are the early adopters: people that are prepared to put in perhaps the 20 minutes needed to go through a process which simply takes five minutes if you want to establish a brokerage account - glenn beck teeka tiwari.
"Oh Teeka, we love your concepts, however gosh, establishing a crypto account is so hard." What I tell them is I say, "Look, when it's easy as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The entire cryptocurrency market will be 10x bigger. So you're in fact truly earning money a massive quantity of money to go through possibly, you know, 20 minutes of a nuisance (undefined). teeka tiwari next bitcoin.
So you can't buy Bitcoin yet through their trading platform, however it is just a question of time, Ryan, before you'll be able to buy cryptocurrencies directly through your trading software. And can you imagine what will occur to this whole marketplace when buying Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform - teeka tiwari twitter - undefined.
Right now you pointed out the process that individuals go through, and one thing I wish to expose too that you didn't point out, but I understand a great deal of folks who struggle with this too, is oh, and by the way, you can just purchase $1,000 a week. Or you can just purchase $500 a week.
As challenging as possible, best, like Coinbase. It 'd take me forever before I might begin purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka (teeka tiwari twitter). I imply, it's if you remember the early days of the Web, when we were getting on the Web, we were doing it with 56k modems, right? I imply 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, however just like throughout that time period, for the folks that had the vision to see where the future was going, and after that bought in on some of these young business, they made an outright fortune.
Mm-hmm (affirmative). And let's take a step back for a second, since I'm always curious to speak with individuals who are, specifically someone like yourself, who's committed the last, you understand, the better part of the last few years to really go both feet in on this - teeka tiwari net worth. How do you describe cryptocurrency to like an average person? That's a terrific 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 alternative to cash. So Bitcoin would be a cryptocurrency. Therefore what offers 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 computers, verifying the deals on the Bitcoin network. And so if you take a look at that Bitcoin network, people constantly try to hack it. But since of the nature of the network, today it's been unhackable. And really, with existing technology, the Bitcoin network is so big today, you can't co-opt it, you can't take it over (undefined).
Therefore when individuals 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 fiat money, you can print an endless amount of it. It's actually not protect, and the government can take it far from you." [crosstalk 00:10:15] - Whereas with Bitcoin, right [crosstalk 00:10:16], go ahead.
Yeah (teeka tiwari 5 coins). Or individuals that remained in Cypress, or simply individuals who have suffered through either hyperinflation, or there's a high demand for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those countries that could potentially be a catalyst for more adoption, because they already do not think in their own currency? Yeah, and I believe we've already seen that.
So yes, and this is a thing that a great deal of American or Western financiers have a bumpy ride getting their head around. teeka tiwari review. They're like, "Well I don't need Bitcoin, I have cash." Well yeah, you're right, you've got a steady currency, right? You do not need Bitcoin. However there are billions of people worldwide that don't have steady currencies.
Yeah. And so there's this whole growing international need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called utility coins - teeka tiwari picks. And energy coins are basically used, let's say Ethereum, which a great deal of individuals learn about Ethereum. Ethereum is essentially an international computer system that you can write computer programs for and run computer system programs on a worldwide decentralized computer program.
So we think about something like Ether an energy token, because you're essentially buying shows power. So I wouldn't really consider Ether a cryptocurrency, I would call them an energy coin. Okay. teeka tiwari 5 coins. And there are other ones out there, to offer individuals a concept, like an extremely easy one that I would envision you 'd called an energy token, resembles FileCoin.
Where the idea is that generally you're hosting files through a peer-based network, and there's type of this very same kind of network result that you have with Bitcoin, where it resembles unstoppable example, due to the fact that it's on many different locations and. I don't understand the ins and outs of it, however as an example for somebody who might just be very standard in their understanding of this, there are so lots of different types of energies that are available.
And you sort of discussed having this boots on the ground experience. Now, given that we're taking a look at the bulk of these are probably utility based, correct? Mm-hmm (affirmative). The majority of the coins that I advise and take a look at are utility-based. We have a couple of cryptocurrencies, however I believe the real chance lies in the utility coin area.
There's all of these ICOs that were happening, those slowed down a bit with some modifications to a couple of things that was going on, but people are going to come out of the woodwork and start to create energy coins- Correct, yeah. And people need to comprehend that not all energy coins are produced equal - glenn beck teeka tiwari.
So you have the benefit of dedicating your profession to this, so you can go out there and do the reconnaissance, you can satisfy the founders, you can check the code, etc. However for an average person, there's now what, over 1,000 various kinds of coins offered, practically 1,200 I think. 'Cause normally it'll crash 80% approximately. Which's when we truly start looking at the concept in more information. So here are some fast and dirty things that you should look at, right? So, one is, are they fixing an issue that requires to be fixed? One of the huge drawbacks with really clever, technical individuals, is that they like to resolve problems that no one cares about solving. teeka tiwari 5 coins.
Does the group have experience of performing in an effective way in another location of their life? And it doesn't even need to be straight associated to cryptocurrency, it does not have to be even directly associated to software, right? So, but I want to see a performance history of success in something, right? If it's four men in a room that are just out of college, unless they have actually got some truly excellent advisors behind them, I'm probably not going to provide any cash - teeka tiwari glenn beck.
Yeah. I think that in marketing in general, my world of organization, we constantly look for issues and how we can solve them. Now, are the problems things that people are trying to solve a part of the Blockchain typically? 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 generally searching for services that, so I'll give you an example - teeka tiwari glenn beck. undefined.
And the reason that we purchased it is due to the fact that they discovered a way to make documents tamper-proof, and it's 99% less expensive than current technology, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the man that began it has a performance history of creating computer system programs that whole states run their entire operations on, right? So you've got okay, the clever person has actually developed substantial computer system programs, terrific team, solving a massive issue that is going to cut big expenses.
I mean, it does not get any simpler than that in regards to choosing who to put money behind. And a great deal of this prevails sense, and a great deal of folks will try to make things more complicated than it is. And I have a really basic rule, Ryan. If I don't comprehend something, I set up my hand, and I state, "I didn't comprehend what you simply stated." Mm-hmm (affirmative).