But scams and little frauds. And there's something that a scams always does: it constantly goes to absolutely no - teeka tiwari next bitcoin. But 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.
Therefore I can't overlook that. I've got to go dig deeper. teeka tiwari wikipedia." And so I began traveling all around the world. I began going to Bitcoin occasions; I started to speaking to individuals that were smarter than me in this space. And what I recognized is that Blockchain innovation and the implementation of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how huge that is! The implications of that, of being able to have information that we do not require to have it separately validated, it's cryptographically validated. That principle can ripple out throughout the whole greater economy. And when that cent dropped, I knew I needed to devote all my professional resources into becoming a specialist in this space.
And do you believe, I indicate you mentioned 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 totally comprehend recognition process [inaudible 00:04:11].
We were just discussing how I'm delegating go to China, to China. And paradise forbid 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 average folks don't perhaps learn about these procedures, so they don't possibly see what you're stating as this breakthrough, they do not see it in their everyday life? Or what do you consider that? I believe that holds true.
It's not as easy as shooting 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've got to upload your identity files, then you've got to wait to get validated, and then finally, you can go buy some Bitcoin.
So, a lot of people find that too bothersome, and that's why the individuals that are actually making the most amount of cash today in cryptocurrencies are the early adopters: individuals that want to put in perhaps the 20 minutes required to go through a process which simply takes five minutes if you wish to set up a brokerage account - teeka tiwari twitter.
"Oh Teeka, we like your concepts, but gosh, establishing a crypto account is so difficult." 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 bigger. So you're in fact really getting paid a huge amount of cash to go through perhaps, you know, 20 minutes of a discomfort in the neck (undefined). teeka tiwari twitter.
So you can't buy Bitcoin yet through their trading platform, however it is just a question of time, Ryan, before you'll have the ability to buy cryptocurrencies directly through your trading software application. And can you envision what will happen to this entire marketplace when purchasing Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform - glenn beck teeka tiwari - undefined.
Right now you mentioned the procedure that individuals go through, and one thing I wish to bring to light too that you didn't mention, but I understand a great deal of folks who fight with this too, is oh, and by the way, you can only purchase $1,000 a week. Or you can just purchase $500 a week.
As hard 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 5 coins). I indicate, 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 suggest 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 technology, but simply like during 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 2nd, since I'm always curious to speak with individuals who are, particularly someone like yourself, who's devoted the last, you understand, the much better part of the last couple of years to actually go both feet in on this - teeka tiwari net worth. How do you explain cryptocurrency to like an average individual? That's a terrific question.
They're 2 totally different things, but 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. Therefore what offers it value is that it is, there's just going to be a limited quantity. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computers, validating the transactions on the Bitcoin network. And so if you take a look at that Bitcoin network, individuals constantly attempt to hack it. However because of the nature of the network, today it's been unhackable. And truly, with present innovation, the Bitcoin network is so huge today, 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 because they're saying, "We don't trust fiat money, you can print an unlimited amount of it. It's truly not protect, and the federal government can take it away from you." [crosstalk 00:10:15] - Whereas with Bitcoin, right [crosstalk 00:10:16], proceed.
Yeah (teeka tiwari reviews). Or people that remained in Cypress, or just individuals who have suffered through either run-away inflation, or there's a high need for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those nations that could potentially be a driver for more adoption, because they already don't believe in their own currency? Yeah, and I believe we've currently seen that.
So yes, and this is a thing that a lot of American or Western investors have a bumpy ride getting their head around. teeka tiwari glenn beck. 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 do not need Bitcoin. However there are billions of people worldwide that do not have stable currencies.
Yeah. Therefore there's this entire burgeoning worldwide need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called utility coins - teeka tiwari picks. And utility coins are generally used, let's say Ethereum, which a great deal of individuals understand about Ethereum. Ethereum is basically an international 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 utility token, because you're basically buying shows power. So I wouldn't actually think about Ether a cryptocurrency, I would call them an utility coin. Okay. teeka tiwari wikipedia. And there are other ones out there, to give individuals a concept, like an extremely basic one that I would envision you 'd called an energy token, resembles FileCoin.
Where the concept is that essentially you're hosting files through a peer-based network, and there's type of this very same type of network effect that you have with Bitcoin, where it resembles unstoppable example, because it's on a lot of various locations and. I don't know the ins and outs of it, however as an example for somebody who may just be really standard in their understanding of this, there are a lot of different types of utilities that are offered.
And you type of mentioned having this boots on the ground experience. Now, because we're taking a look at the bulk of these are probably utility based, fix? Mm-hmm (affirmative). Most of the coins that I advise and look at are utility-based. We have a few cryptocurrencies, however I think the genuine chance depends on the energy coin space.
There's all of these ICOs that were occurring, those slowed down a bit with some changes to a few things that was going on, however people are going to come out of the woodwork and start to create utility coins- Correct, yeah. And individuals require to comprehend that not all utility coins are produced equal - teeka tiwari 5 coins.
So you have the benefit of committing your profession to this, so you can go out there and do the reconnaissance, you can satisfy the creators, you can examine the code, etc. But for a typical individual, there's now what, over 1,000 different kinds of coins available, almost 1,200 I think. 'Cause generally it'll crash 80% or two. And that's when we truly start looking at the idea in more detail. So here are some quick and filthy things that you should look at, right? So, one is, are they fixing a problem that requires to be solved? Among the big drawbacks with very wise, technical people, is that they like to fix problems that nobody cares about resolving. teeka tiwari next bitcoin.
Does the team have experience of performing in an effective manner in another location of their life? And it doesn't even have to be directly associated to cryptocurrency, it doesn't have to be even directly associated to software, right? So, however I wish to see a track record of success in something, right? If it's 4 men in a room that are simply out of college, unless they have actually got some truly excellent advisors behind them, I'm most likely not going to provide any cash - teeka tiwari twitter.
Yeah. I believe that in marketing in basic, my world of organization, we constantly try to find problems and how we can fix them. Now, are the issues things that individuals are attempting to fix a part of the Blockchain normally? Or would you state it's much better if they're solving 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 trying to find options that, so I'll provide you an example - teeka tiwari net worth. undefined.
And the factor that we purchased it is due to the fact that they discovered a method to make documents tamper-proof, and it's 99% less expensive than existing innovation, 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 track record of developing computer programs that entire states run their whole operations on, right? So you have actually got fine, the wise guy has built substantial computer programs, excellent team, fixing an enormous issue that is going to cut huge costs.
I mean, it does not get any easier than that in regards to deciding 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 complex than it is. And I have a truly basic rule, Ryan. If I do not understand something, I put up my hand, and I state, "I didn't comprehend what you simply said." Mm-hmm (affirmative).