However scams and little scams. And there's something that a fraud always does: it always goes to absolutely no - teeka tiwari twitter. But Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the problem came out. The massive hack. Which woke something up for me.
Therefore I can't ignore that. I have actually got to go dig much deeper. teeka tiwari 5 coins." Therefore I started 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 recognized is that Blockchain technology and the execution of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how enormous that is! The implications of that, of having the ability to have information that we don't require to have it independently validated, it's cryptographically verified. That principle can ripple out throughout the whole greater economy. And when that cent dropped, I knew I needed to commit all my professional resources into ending up being a professional in this space.
And do you believe, I imply you discussed something there about not having to get a third-party, or intermediary to confirm something. Do you feel that part of the factor that this isn't getting as much mass adoption is that a lot of folks might not even completely understand validation process [inaudible 00:04:11].
We were just speaking about how I'm delegating go to China, to China. And heaven prohibited it's over $10,000, and after that suddenly there's other individuals getting informed about it, like the IRS and things like that. Do you think that the average folks don't maybe learn about these procedures, so they don't perhaps see what you're stating as this breakthrough, they do not see it in their daily life? Or what do you think of that? I believe 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 buying it, right? You've got to go to an exchange, you've got to upload your identity files, then you've got to wait to get confirmed, and after that lastly, you can go buy some Bitcoin.
So, a great deal of individuals discover that too inconvenient, 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 perhaps the 20 minutes needed to go through a procedure which simply takes five minutes if you desire to set up a brokerage account - teeka tiwari reviews.
"Oh Teeka, we enjoy your ideas, but gosh, setting up a crypto account is so difficult." What I inform 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 actually truly earning money an enormous quantity of money to go through maybe, you know, 20 minutes of a pain in the neck (undefined). teeka tiwari net worth.
So you can't buy Bitcoin yet through their trading platform, however it is just a concern of time, Ryan, prior to you'll have the ability to buy cryptocurrencies directly through your trading software. And can you imagine what will take place to this entire marketplace when purchasing Bitcoin or any cryptocurrency is as easy as shooting up your e-trade, or fidelity tradings platform - teeka tiwari glenn beck - undefined.
Today you discussed the process that individuals go through, and something I desire to expose too that you didn't mention, however 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 only purchase $500 a week.
As tough as possible, ideal, like Coinbase. It 'd take me permanently prior to I could begin buying in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka (teeka tiwari reviews). I indicate, it's if you remember 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 indicate, we're in the early days of that technology, but much like throughout 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 business, 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 constantly curious to speak with people who are, specifically somebody like yourself, who's committed the last, you understand, the bulk of the last couple of years to truly go both feet in on this - glenn beck teeka tiwari. How do you describe cryptocurrency to like an average person? That's a fantastic question.
They're two completely different 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 amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, verifying the deals on the Bitcoin network. Therefore if you look at that Bitcoin network, people continuously attempt to hack it. But due to the fact that of the nature of the network, today it's been unhackable. And actually, with current technology, 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 trust paper currency, you can print an endless quantity of it. It's truly not secure, and the government can take it away from you." [crosstalk 00:10:15] - Whereas with Bitcoin, right [crosstalk 00:10:16], go on.
Yeah (teeka tiwari 5 coins). Or individuals that were in Cypress, or simply people who have suffered through either devaluation, 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 currently do not believe in their own currency? Yeah, and I believe we've already seen that.
So yes, and this is a thing that a lot of American or Western investors have a difficult time getting their head around. teeka tiwari 5 coins. They're like, "Well I do not require 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 individuals on the planet that don't have stable currencies.
Yeah. Therefore 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 palm beach. And utility coins are generally utilized, let's say Ethereum, which a great deal of people understand about Ethereum. Ethereum is basically a global computer that you can compose computer system programs for and run computer programs on an internationally decentralized computer system program.
So we consider something like Ether an utility token, due to the fact that you're essentially purchasing programs power. So I wouldn't truly think about Ether a cryptocurrency, I would call them an utility coin. Okay. teeka tiwari next bitcoin. And there are other ones out there, to give people an idea, like an extremely simple one that I would picture 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 very same type of network effect that you have with Bitcoin, where it resembles unstoppable kind of thing, since it's on many different locations and. I don't know the ins and outs of it, but as an example for someone who may just be very 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, since we're taking a look at the bulk of these are probably energy based, fix? Mm-hmm (affirmative). Many of the coins that I recommend and take a look at are utility-based. We have a couple of cryptocurrencies, but I believe the real opportunity lies in the energy coin area.
There's all of these ICOs that were taking place, those decreased a little bit with some modifications to a few things that was going on, however individuals are going to come out of the woodwork and begin to develop energy coins- Correct, yeah. And individuals require to understand that not all utility coins are developed equivalent - teeka tiwari palm beach.
So you have the advantage of dedicating your occupation to this, so you can head out there and do the reconnaissance, you can satisfy the founders, you can check the code, etc. However for an average individual, there's now what, over 1,000 various kinds of coins readily available, nearly 1,200 I believe. 'Cause normally it'll crash 80% approximately. Which's when we actually start looking at the concept in more information. So here are some quick and unclean things that you should look at, right? So, one is, are they solving a problem that needs to be fixed? Among the big downsides with very smart, technical people, is that they like to resolve problems that nobody appreciates resolving. teeka tiwari net worth.
Does the group have experience of carrying out in a successful manner in another location of their life? And it doesn't even need to be straight associated to cryptocurrency, it doesn't have to be even directly related to software application, right? So, but I desire to see a track record of success in something, right? If it's 4 people in a room that are just out of college, unless they have actually got some really excellent consultants behind them, I'm most likely not going to give them any money - teeka tiwari net worth.
Yeah. I believe that in marketing in general, my world of service, we continuously search for issues and how we can solve them. Now, are the problems things that individuals are trying to solve a part of the Blockchain usually? Or would you say it's better if they're fixing kind 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 basically trying to find solutions that, so I'll provide you an example - glenn beck teeka tiwari. undefined.
And the factor 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 existing 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 programs that entire states run their whole operations on, right? So you've got alright, the wise guy has constructed substantial computer system programs, great team, resolving a massive issue that is going to cut substantial expenses.
I indicate, it doesn't get any easier than that in terms of choosing who to put cash behind. And a great deal of this is common sense, and a lot of folks will try to make things more complicated than it is. And I have a really easy guideline, Ryan. If I do not comprehend something, I installed my hand, and I state, "I didn't comprehend what you just said." Mm-hmm (affirmative).