However scams and little frauds. And there's something that a scams constantly does: it always goes to zero - teeka tiwari picks. 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.
And so I can't ignore that. I have actually got to go dig much deeper. teeka tiwari." And so I started traveling all around the world. I started going to Bitcoin occasions; I started to speaking with individuals that were smarter than me in this area. And what I recognized is that Blockchain technology and the implementation of Blockchain technology by the Bitcoin network was transformational.
And that, Ryan, is, I can't overstate how massive that is! The implications of that, of being able to have information that we don't require to have it individually confirmed, it's cryptographically verified. That concept can ripple out throughout the whole greater economy. And when that cent dropped, I knew I had to dedicate all my professional resources into becoming a professional in this space.
And do you think, I imply you pointed out something there about not needing 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 lot of folks might not even totally comprehend recognition procedure [inaudible 00:04:11].
We were just speaking about how I'm leaving to go to China, to China. And paradise forbid 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 believe that the typical folks don't possibly learn about these procedures, so they do not perhaps see what you're saying as this breakthrough, they don't see it in their everyday life? Or what do you believe about that? I believe that's real.
It's not as easy as firing up a web browser and going to e-trade. com and pressing a buy button and buying it, right? You've got to go to an exchange, you have actually got to publish your identity documents, then you've got to wait to get verified, and then lastly, you can go buy some Bitcoin.
So, a great deal of people find that too troublesome, which's why individuals that are literally making the most amount of money right now in cryptocurrencies are the early adopters: people that want to put in maybe the 20 minutes required to go through a process which just takes 5 minutes if you want to establish a brokerage account - teeka tiwari wikipedia.
"Oh Teeka, we enjoy your concepts, however gosh, establishing a crypto account is so difficult." What I inform them is I state, "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 larger. So you're actually really earning money a huge quantity of cash to go through maybe, you understand, 20 minutes of a headache (undefined). teeka tiwari review.
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. And can you envision what will occur to this whole 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 desire to expose too that you didn't discuss, but I know a great deal of folks who fight with this too, is oh, and by the way, you can just buy $1,000 a week. Or you can just purchase $500 a week.
As hard as possible, ideal, like Coinbase. It 'd take me forever prior to I could begin buying in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka (glenn beck teeka tiwari). 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 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're in the early days of that innovation, however simply like throughout that duration of time, for the folks that had the vision to see where the future was going, and after that purchased 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, due to the fact that I'm constantly curious to talk with individuals who are, particularly someone like yourself, who's dedicated the last, you know, the lion's share of the last few years to really go both feet in on this - teeka tiwari 5 coins. How do you explain cryptocurrency to like a typical person? That's a great question.
They're two 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 provides it value is that it is, there's only going to be a limited amount. There'll never ever 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 look at that Bitcoin network, people continuously attempt to hack it. However since of the nature of the network, today it's been unhackable. And really, with current technology, the Bitcoin network is so huge right now, you can't co-opt it, you can't take it over (undefined).
Therefore when people put, you have actually got people 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 a limitless quantity of it. It's actually not protect, and the federal government can take it far from you." [crosstalk 00:10:15] - Whereas with Bitcoin, ideal [crosstalk 00:10:16], go ahead.
Yeah (teeka tiwari glenn beck). Or individuals that were in Cypress, or simply people who have actually suffered through either devaluation, or there's a high need for, in Argentina for instance, high need for a black market of U.S. dollars. Correct. Are those nations that could possibly be a driver for more adoption, because they already do not think in their own currency? Yeah, and I think we've already 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 reviews. They're like, "Well I do not require Bitcoin, I have cash." Well yeah, you're right, you've got a steady currency, right? You don't require Bitcoin. However there are billions of individuals in the world that don't have steady currencies.
Yeah. Therefore there's this entire growing worldwide demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins - teeka tiwari picks. And utility coins are essentially utilized, let's say Ethereum, which a great deal of people know about Ethereum. Ethereum is basically a worldwide computer that you can write computer programs for and run computer programs on an internationally decentralized computer program.
So we think about something like Ether an energy token, due to the fact that you're basically purchasing programs power. So I wouldn't truly think about Ether a cryptocurrency, I would call them an utility coin. Okay. teeka tiwari palm beach. And there are other ones out there, to give people a concept, like a really basic one that I would envision you 'd called an energy token, is like FileCoin.
Where the concept is that generally you're hosting files through a peer-based network, and there's kind of this same kind of network impact that you have with Bitcoin, where it resembles unstoppable kind of thing, due to the fact that it's on many various areas and. I don't understand the ins and outs of it, but as an example for somebody who may just be extremely standard in their understanding of this, there are numerous different kinds of energies that are readily available.
And you kind of discussed having this boots on the ground experience. Now, since we're looking at the bulk of these are probably energy based, remedy? Mm-hmm (affirmative). Many of the coins that I suggest and look at are utility-based. We have a couple of cryptocurrencies, but I believe the genuine opportunity depends on the energy coin area.
There's all of these ICOs that were happening, those slowed down 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 people need to understand that not all utility coins are developed equal - teeka tiwari picks.
So you have the advantage of dedicating your occupation to this, so you can head out there and do the recon, you can fulfill the founders, you can inspect the code, and so on. But for a typical person, there's now what, over 1,000 various kinds of coins offered, nearly 1,200 I believe. 'Cause normally it'll crash 80% or so. Which's when we really start looking at the idea 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 requires to be fixed? One of the huge disadvantages with extremely clever, technical people, is that they like to resolve problems that no one appreciates fixing. teeka tiwari 5 coins.
Does the group have experience of executing in an effective manner in another area of their life? And it doesn't even need to be directly related to cryptocurrency, it does not have to be even straight related to software application, 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 just out of college, unless they've got some truly excellent advisors behind them, I'm most likely not going to provide them any cash - teeka tiwari reviews.
Yeah. I believe that in marketing in general, my world of business, we constantly try to find problems and how we can resolve them. Now, are the issues things that individuals are trying to solve a part of the Blockchain normally? 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 searching for services that, so I'll provide you an example - teeka tiwari 5 coins. undefined.
And the reason that we purchased it is because they discovered a way to make documents tamper-proof, and it's 99% cheaper 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 producing computer system programs that entire states run their entire operations on, right? So you've got fine, the wise person has constructed huge computer system programs, terrific group, resolving an enormous problem that is going to cut huge expenses.
I suggest, it doesn't get any simpler than that in terms of choosing who to put cash behind. And a lot of this prevails sense, and a lot of folks will try to make things more complicated than it is. And I have a truly easy guideline, Ryan. If I do not understand something, I set up my hand, and I say, "I didn't comprehend what you just said." Mm-hmm (affirmative).