However frauds and little scams. And there's something that a fraud always does: it always goes to 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 bad news came out. The massive hack. And that woke something up for me.
And so I can't ignore that. I have actually got to go dig much deeper. teeka tiwari next bitcoin." Therefore I began taking a trip all around the world. I began going to Bitcoin occasions; I started to speaking with 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.
And that, Ryan, is, I can't overstate how huge that is! The implications of that, of having the ability to have information that we don't require to have it independently confirmed, it's cryptographically verified. That concept can ripple out throughout the whole greater economy. And when that penny dropped, I understood I needed to commit all my professional resources into ending up being a specialist in this area.
And do you believe, I indicate 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 factor that this isn't getting as much mass adoption is that a lot of folks may not even fully comprehend validation procedure [inaudible 00:04:11].
We were simply talking about how I'm leaving to go to China, to China. And paradise forbid it's over $10,000, and then 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 perhaps understand about these processes, so they don't perhaps see what you're saying as this breakthrough, they don't see it in their daily life? Or what do you consider that? I believe that's true.
It's not as easy as shooting up a web browser and going to e-trade. com and pressing a buy button and purchasing 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 after that lastly, you can go buy some Bitcoin.
So, a lot of people find that too troublesome, and that's why individuals that are actually making the most amount of cash right now in cryptocurrencies are the early adopters: people that are prepared to put in perhaps the 20 minutes needed to go through a procedure which just takes 5 minutes if you wish to establish a brokerage account - teeka tiwari palm beach.
"Oh Teeka, we like your concepts, however gosh, setting up a crypto account is so tough." What I tell them is I state, "Look, when it's simple as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The whole cryptocurrency market will be 10x bigger. So you're actually really earning money a huge quantity of money to go through perhaps, you know, 20 minutes of a nuisance (undefined). teeka tiwari palm beach.
So you can't purchase Bitcoin yet through their trading platform, however it is simply a concern of time, Ryan, before you'll have the ability to purchase cryptocurrencies straight through your trading software application. And can you imagine what will occur to this entire market when buying Bitcoin or any cryptocurrency is as easy as firing up your e-trade, or fidelity tradings platform - teeka tiwari review - undefined.
Right now you pointed out the procedure that individuals go through, and something I desire to bring to light too that you didn't discuss, however I understand a lot of folks who have a hard time with this too, is oh, and by the method, you can only buy $1,000 a week. Or you can just buy $500 a week.
As tough as possible, best, like Coinbase. It 'd take me permanently before I could begin buying in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka (teeka tiwari next bitcoin). I suggest, it's if you remember the early days of the Web, when we were getting on the Web, we were doing it with 56k modems, right? I indicate 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 much like during that amount of time, for the folks that had the vision to see where the future was going, and then bought in on some of these young business, they made an outright fortune.
Mm-hmm (affirmative). And let's take a step back for a second, because I'm constantly curious to talk with individuals who are, particularly someone like yourself, who's devoted the last, you know, the lion's share of the last couple of years to actually go both feet in on this - glenn beck teeka tiwari. How do you explain cryptocurrency to like an average individual? That's a great concern.
They're 2 totally 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. Therefore what gives it value is that it is, there's just going to be a limited amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computers, confirming the deals on the Bitcoin network. And so if you look at that Bitcoin network, individuals continuously try to hack it. But because of the nature of the network, today it's been unhackable. And really, with current technology, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over (undefined).
And so when individuals put, you have actually got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet because they're saying, "We do not rely on paper money, you can print an endless quantity of it. It's actually not protect, and the government can take it away from you." [crosstalk 00:10:15] - Whereas with Bitcoin, ideal [crosstalk 00:10:16], proceed.
Yeah (teeka tiwari reviews). Or individuals that were in Cypress, or simply people who have suffered through either hyperinflation, or there's a high need for, in Argentina for example, high demand for a black market of U.S. dollars. Correct. Are those countries that could potentially be a driver for more adoption, due to the fact that they already don't think in their own currency? Yeah, and I think we've currently seen that.
So yes, and this is a thing that a lot of American or Western financiers have a tough time getting their head around. teeka tiwari picks. They're like, "Well I do not need Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You don't need Bitcoin. But there are billions of people on the planet that don't have stable currencies.
Yeah. Therefore there's this whole burgeoning worldwide demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins - teeka tiwari next bitcoin. And utility coins are generally utilized, let's state Ethereum, which a great deal of people understand about Ethereum. Ethereum is essentially a global computer that you can compose computer programs for and run computer system programs on an internationally decentralized computer program.
So we think about something like Ether an energy token, because you're essentially purchasing shows power. So I wouldn't really think about Ether a cryptocurrency, I would call them an energy coin. Okay. teeka tiwari picks. And there are other ones out there, to provide people a concept, like a really basic one that I would envision 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 exact same kind of network effect that you have with Bitcoin, where it resembles unstoppable kind of thing, because it's on numerous different areas and. I do not understand the ins and outs of it, however as an example for somebody who may just be very basic in their understanding of this, there are a lot of various kinds of energies that are available.
And you sort of pointed out having this boots on the ground experience. Now, since we're looking at the bulk of these are probably utility based, remedy? Mm-hmm (affirmative). Many of the coins that I recommend and take a look at are utility-based. We have a few cryptocurrencies, however I believe the genuine opportunity lies in the utility coin area.
There's all of these ICOs that were happening, those decreased a little bit with some modifications to a few things that was going on, but people are going to come out of the woodwork and start to develop energy coins- Correct, yeah. And individuals require to comprehend that not all energy coins are created equivalent - teeka tiwari twitter.
So you have the advantage of dedicating your profession to this, so you can go out there and do the recon, you can fulfill the founders, you can check the code, etc. But for an average individual, there's now what, over 1,000 various kinds of coins available, nearly 1,200 I believe. 'Cause usually it'll crash 80% approximately. Which's when we truly begin 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 solving an issue that needs to be resolved? Among the big disadvantages with very smart, technical individuals, is that they like to solve issues that nobody appreciates fixing. teeka tiwari.
Does the group have experience of carrying out in a successful way in another location of their life? And it doesn't even need to be directly related to cryptocurrency, it doesn't have to be even directly related to software application, right? So, but I desire to see a performance history of success in something, right? If it's 4 people in a room that are simply out of college, unless they've got some actually great consultants behind them, I'm most likely not going to give them any money - teeka tiwari palm beach.
Yeah. I believe that in marketing in basic, my world of company, we continuously look for problems and how we can solve them. Now, are the problems things that individuals are trying to fix a part of the Blockchain typically? Or would you state it's much 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 essentially looking for services that, so I'll provide you an example - teeka tiwari twitter. undefined.
And the factor that we bought it is because they found a method to make documents tamper-proof, and it's 99% more affordable than existing 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 system programs that entire states run their entire operations on, right? So you've got fine, the wise man has developed huge computer programs, terrific team, solving a huge issue that is going to cut substantial costs.
I mean, it does not get any simpler than that in terms of choosing who to put money behind. And a lot of this is typical sense, and a lot of folks will attempt to make things more complex than it is. And I have an actually easy guideline, Ryan. If I do not understand something, I installed my hand, and I state, "I didn't understand what you simply stated." Mm-hmm (affirmative).