But frauds and little frauds. And there's one thing that a fraud constantly does: it always goes to no - teeka tiwari next bitcoin. 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. And that woke something up for me.
Therefore I can't overlook that. I have actually got to go dig deeper. teeka tiwari." Therefore I started taking a trip all around the world. I began going to Bitcoin events; I started to talking with people that were smarter than me in this space. And what I recognized is that Blockchain innovation and the implementation of Blockchain innovation by the Bitcoin network was transformational.
And that, Ryan, is, I can't overemphasize how enormous that is! The ramifications of that, of being able to have data that we do not need to have it independently verified, it's cryptographically verified. That idea can ripple out throughout the entire greater economy. And when that cent dropped, I understood I needed to commit all my professional resources into becoming an expert in this area.
And do you believe, I imply you pointed out something there about not having 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 comprehend validation process [inaudible 00:04:11].
We were just talking about how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and after that all of an unexpected there's other individuals getting informed about it, like the Internal Revenue Service and things like that. Do you think that the typical folks do not possibly learn about these procedures, so they don't perhaps see what you're saying as this advancement, they don't see it in their daily life? Or what do you believe about that? I think that's real.
It's not as easy as firing up a web internet browser and going to e-trade. com and pushing a buy button and buying it, right? You've got to go to an exchange, you have actually got to upload your identity documents, then you have actually got to wait to get verified, and after that lastly, you can go buy some Bitcoin.
So, a lot of people discover that too bothersome, which's why the individuals that are literally making the most amount of money today in cryptocurrencies are the early adopters: people that want to put in perhaps the 20 minutes required to go through a procedure which simply takes 5 minutes if you want to set up a brokerage account - teeka tiwari net worth.
"Oh Teeka, we love your ideas, however gosh, establishing a crypto account is so tough." 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 entire cryptocurrency market will be 10x larger. So you're in fact really making money an enormous quantity of cash to go through maybe, you understand, 20 minutes of a pain in the neck (undefined). teeka tiwari picks.
So you can't buy Bitcoin yet through their trading platform, but it is simply a question of time, Ryan, prior to you'll be able to buy cryptocurrencies straight through your trading software. And can you envision what will occur to this entire market when buying Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform - teeka tiwari palm beach - undefined.
Today you discussed the process that individuals go through, and something I wish to bring to light too that you didn't mention, however I know a lot of folks who struggle with this too, is oh, and by the method, you can only purchase $1,000 a week. Or you can only purchase $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 resemble, well, we'll let you purchase $500 a week, Teeka (teeka tiwari reviews). I imply, 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 mean 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, however just like throughout that amount of time, for the folks that had the vision to see where the future was going, and after that bought in on some of these young companies, they made an absolute fortune.
Mm-hmm (affirmative). And let's take an action back for a second, due to the fact that I'm always curious to talk to individuals who are, particularly someone like yourself, who's committed the last, you know, the better part of the last few years to actually go both feet in on this - teeka tiwari reviews. How do you explain cryptocurrency to like an average person? That's an excellent concern.
They're 2 absolutely various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an option to cash. So Bitcoin would be a cryptocurrency. And so what offers it value 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 transactions on the Bitcoin network. Therefore if you look at that Bitcoin network, individuals continuously attempt to hack it. However since of the nature of the network, today it's been unhackable. And truly, with current innovation, 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 literally own billions of dollars worth of Bitcoin. And they're making that bet because they're stating, "We do not trust paper currency, you can print an endless quantity of it. It's truly not protect, and the government can take it far from you." [crosstalk 00:10:15] - Whereas with Bitcoin, ideal [crosstalk 00:10:16], go on.
Yeah (teeka tiwari net worth). Or individuals that were in Cypress, or just people who have actually 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 nations that could potentially be a catalyst for more adoption, due to the fact that 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 investors have a bumpy ride getting their head around. teeka tiwari palm beach. They're like, "Well I do not need Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You do not need Bitcoin. But there are billions of people worldwide that don't have steady currencies.
Yeah. And so there's this whole growing global demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins - teeka tiwari glenn beck. And energy coins are basically used, let's state Ethereum, which a lot of individuals learn about Ethereum. Ethereum is essentially a worldwide computer that you can compose computer system programs for and run computer system programs on a worldwide decentralized computer program.
So we consider something like Ether an energy token, due to the fact that you're essentially buying programming power. So I would not really consider Ether a cryptocurrency, I would call them an energy coin. Okay. teeka tiwari review. And there are other ones out there, to provide individuals an idea, like a very basic one that I would imagine you 'd called an utility 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 exact same type of network result that you have with Bitcoin, where it resembles unstoppable example, due to the fact that it's on a lot of different locations and. I do not understand the ins and outs of it, however as an example for somebody who may simply be extremely fundamental in their understanding of this, there are numerous different types of energies that are available.
And you type of mentioned having this boots on the ground experience. Now, considering that we're taking a look at the bulk of these are probably energy based, remedy? Mm-hmm (affirmative). Many of the coins that I recommend and look at are utility-based. We have a few cryptocurrencies, however I believe the real opportunity lies in the energy coin area.
There's all of these ICOs that were occurring, those decreased 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 begin to produce utility coins- Correct, yeah. And people require to comprehend that not all energy coins are created equal - teeka tiwari glenn beck.
So you have the advantage of devoting your profession to this, so you can go out there and do the reconnaissance, you can meet the founders, you can check the code, etc. But for an average individual, there's now what, over 1,000 different kinds of coins readily available, practically 1,200 I think. 'Cause generally it'll crash 80% or so. Which's when we actually begin looking at the idea in more information. So here are some fast and dirty things that you should look at, right? So, one is, are they resolving an issue that requires to be resolved? Among the big disadvantages with extremely smart, technical individuals, is that they like to solve issues that nobody appreciates solving. teeka tiwari reviews.
Does the group have experience of executing in an effective manner in another area of their life? And it doesn't even have to be directly associated to cryptocurrency, it does not need to be even straight related to software, right? So, however I want to see a performance history of success in something, right? If it's 4 men in a room that are simply out of college, unless they've got some truly excellent consultants behind them, I'm most likely not going to provide them any money - teeka tiwari net worth.
Yeah. I think that in marketing in basic, my world of business, we constantly try to find issues and how we can fix them. Now, are the problems things that people are attempting to fix a part of the Blockchain typically? Or would you say it's much better if they're resolving 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 essentially searching for options that, so I'll provide you an example - teeka tiwari. undefined.
And the factor that we purchased it is since they found a method to make documents tamper-proof, and it's 99% more affordable than current innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the man that started it has a performance history of creating computer programs that entire states run their entire operations on, right? So you have actually got all right, the clever man has actually developed substantial computer system programs, fantastic group, fixing an enormous problem that is going to cut huge expenses.
I indicate, it doesn't get any easier than that in regards to deciding who to put cash behind. And a lot of this is common sense, and a lot of folks will attempt to make things more complex than it is. And I have an actually simple rule, Ryan. If I do not comprehend something, I put up my hand, and I state, "I didn't comprehend what you simply stated." Mm-hmm (affirmative).