But frauds and little scams. And there's something that a scams always does: it always goes to no - teeka tiwari picks. However Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the problem came out. The huge hack. Which woke something up for me.
And so I can't disregard that. I've got to go dig deeper. glenn beck teeka tiwari." And so I began taking a trip all around the world. I started going to Bitcoin events; I started to talking to people that were smarter than me in this area. And what I realized is that Blockchain innovation and the implementation of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overstate how huge that is! The ramifications of that, of having the ability to have information that we don't need to have it individually validated, it's cryptographically verified. That idea can ripple out throughout the entire higher 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 think, I suggest you discussed something there about not having to get a third-party, or intermediary to validate something. Do you feel that part of the factor that this isn't getting as much mass adoption is that a great deal of folks may not even totally comprehend recognition procedure [inaudible 00:04:11].
We were simply talking about how I'm delegating go to China, to China. And heaven forbid it's over $10,000, and then all of an abrupt there's other people getting informed about it, like the Internal Revenue Service and things like that. Do you believe that the average folks don't possibly learn about these procedures, so they don't perhaps see what you're stating as this breakthrough, they don't see it in their everyday life? Or what do you think of that? I believe that holds true.
It's not as simple as shooting up a web internet browser and going to e-trade. com and pushing a buy button and buying it, right? You have actually got to go to an exchange, you have actually got to publish your identity files, then you've got to wait to get confirmed, and then finally, you can go buy some Bitcoin.
So, a great deal of people find that too bothersome, which's why individuals that are actually making the most amount of money today in cryptocurrencies are the early adopters: individuals that want to put in possibly the 20 minutes required to go through a process which simply takes five minutes if you wish to establish a brokerage account - teeka tiwari next bitcoin.
"Oh Teeka, we enjoy your concepts, however gosh, establishing a crypto account is so hard." 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 bigger. So you're actually truly earning money a massive amount of cash to go through maybe, you understand, 20 minutes of a pain in the neck (undefined). teeka tiwari wikipedia.
So you can't buy Bitcoin yet through their trading platform, but it is simply a question of time, Ryan, before you'll be able to buy cryptocurrencies straight through your trading software application. And can you imagine what will take place to this whole market when buying Bitcoin or any cryptocurrency is as easy as firing up your e-trade, or fidelity tradings platform - teeka tiwari 5 coins - undefined.
Right now you pointed out the process that individuals go through, and something I desire to expose too that you didn't discuss, but I know a lot of folks who battle with this too, is oh, and by the method, you can only purchase $1,000 a week. Or you can only buy $500 a week.
As difficult as possible, right, like Coinbase. It 'd take me forever before I might start buying in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka (teeka tiwari palm beach). I suggest, it's if you remember the early days of the Internet, when we were getting on the Internet, we were doing it with 56k modems, right? I mean 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 mean, we remain in the early days of that technology, but just like during that time period, for the folks that had the vision to see where the future was going, and after that purchased in on some of these young business, they made an absolute fortune.
Mm-hmm (affirmative). And let's take a step back for a second, due to the fact that I'm always curious to talk with people who are, specifically someone like yourself, who's devoted the last, you know, the bulk of the last few years to really go both feet in on this - teeka tiwari picks. How do you explain cryptocurrency to like a typical individual? That's an excellent question.
They're 2 absolutely different things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an alternative to cash. So Bitcoin would be a cryptocurrency. And so what offers it value is that it is, there's just going to be a restricted quantity. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, validating the deals on the Bitcoin network. And so if you look at that Bitcoin network, individuals constantly attempt to hack it. However since of the nature of the network, today it's been unhackable. And truly, with current 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 have actually got individuals who have literally own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're stating, "We don't trust paper currency, you can print an unlimited quantity of it. It's actually not secure, 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 wikipedia). Or people that were in Cypress, or just people who have suffered through either run-away inflation, or there's a high demand for, in Argentina for instance, high demand for a black market of U.S. dollars. Correct. Are those nations that could possibly be a catalyst for more adoption, due to the fact that they currently don't 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 wikipedia. They're like, "Well I don't require Bitcoin, I have cash." Well yeah, you're right, you've got a steady currency, right? You don't need Bitcoin. But there are billions of individuals worldwide that don't have stable currencies.
Yeah. And so there's this entire growing worldwide need for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's an entire 'nother coin called utility coins - glenn beck teeka tiwari. And energy coins are generally used, let's say Ethereum, which a lot of people understand about Ethereum. Ethereum is basically a global computer system that you can compose computer system programs for and run computer system programs on an internationally decentralized computer system program.
So we think about something like Ether an energy token, since you're basically purchasing programs power. So I wouldn't actually think about Ether a cryptocurrency, I would call them an energy coin. Okay. teeka tiwari wikipedia. And there are other ones out there, to provide people an idea, like an extremely basic one that I would picture 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's like unstoppable kind of thing, because it's on so many different areas and. I don't understand the ins and outs of it, but as an example for someone who may simply be extremely standard in their understanding of this, there are numerous different types of energies that are available.
And you sort of mentioned having this boots on the ground experience. Now, considering that we're looking at the bulk of these are probably energy based, correct? Mm-hmm (affirmative). The majority of the coins that I suggest and take a look at are utility-based. We have a couple of cryptocurrencies, however I think the real chance depends on the energy coin space.
There's all of these ICOs that were taking place, those decreased a little bit with some changes to a few things that was going on, however individuals 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 created equal - teeka tiwari palm beach.
So you have the advantage of devoting your profession to this, so you can go out there and do the reconnaissance, you can fulfill the founders, you can examine the code, and so on. But for a typical individual, there's now what, over 1,000 different kinds of coins available, almost 1,200 I believe. 'Cause typically it'll crash 80% approximately. Which's when we really begin looking at the concept in more detail. So here are some fast and unclean things that you should look at, right? So, one is, are they resolving a problem that needs to be fixed? Among the huge drawbacks with very wise, technical individuals, is that they like to solve problems that nobody appreciates fixing. teeka tiwari review.
Does the group have experience of executing in a successful way in another area of their life? And it doesn't even have to be straight related to cryptocurrency, it doesn't need to be even directly related to software, right? So, however I desire to see a track record of success in something, right? If it's 4 people in a space that are just out of college, unless they have actually got some actually good advisors behind them, I'm most likely not going to provide any cash - teeka tiwari palm beach.
Yeah. I think that in marketing in general, my world of organization, we continuously look for problems and how we can solve them. Now, are the issues things that people are attempting to fix a part of the Blockchain typically? Or would you state it's better if they're fixing 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 looking for solutions that, so I'll give you an example - teeka tiwari review. undefined.
And the reason that we purchased it is because they found a method to make files tamper-proof, and it's 99% less expensive than current innovation, 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 track record of producing computer programs that entire states run their entire operations on, right? So you have actually got fine, the clever man has developed big computer system programs, excellent group, resolving a massive issue that is going to cut substantial expenses.
I imply, it does not get any simpler than that in terms of choosing who to put cash behind. And a lot of this is common sense, and a great deal of folks will try to make things more complicated than it is. And I have a really simple rule, Ryan. If I don't understand something, I put up my hand, and I state, "I didn't comprehend what you simply said." Mm-hmm (affirmative).