However scams and little scams. And there's something that a scams always does: it always goes to no - teeka tiwari review. However 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.
And so I can't overlook that. I've got to go dig much deeper. teeka tiwari 5 coins." Therefore I started taking a trip all around the world. I started going to Bitcoin events; I started to speaking to individuals that were smarter than me in this space. And what I recognized is that Blockchain innovation and the application of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how massive that is! The implications of that, of having the ability to have data that we do not require to have it independently validated, it's cryptographically confirmed. That idea can ripple out throughout the whole greater economy. And when that penny 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 suggest you discussed something there about not needing to get a third-party, or intermediary to confirm 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 may not even fully understand validation 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 then all of a sudden there's other individuals getting informed about it, like the IRS and things like that. Do you think that the average folks do not maybe learn about these processes, so they don't possibly see what you're stating as this advancement, they don't see it in their everyday life? Or what do you believe about that? I think that's 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 purchasing it, right? You have actually got to go to an exchange, you have actually got to submit your identity files, then you've got to wait to get confirmed, and then finally, you can go purchase some Bitcoin.
So, a lot of individuals find that too inconvenient, which's why the individuals that are literally making the most amount of money right now in cryptocurrencies are the early adopters: people that are ready to put in perhaps the 20 minutes needed to go through a procedure which just takes 5 minutes if you desire to set up a brokerage account - teeka tiwari picks.
"Oh Teeka, we enjoy your ideas, however gosh, setting up a crypto account is so challenging." What I tell them is I say, "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 bigger. So you're actually truly earning money a massive quantity of money to go through possibly, you know, 20 minutes of a nuisance (undefined). teeka tiwari picks.
So you can't purchase Bitcoin yet through their trading platform, but it is just a question of time, Ryan, before you'll be able to purchase cryptocurrencies straight through your trading software application. And can you picture what will take place to this entire market when purchasing Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform - teeka tiwari wikipedia - undefined.
Today you discussed the procedure that individuals go through, and one thing I wish to bring to light too that you didn't point out, however I know a lot of folks who struggle with this too, is oh, and by the method, you can just purchase $1,000 a week. Or you can just buy $500 a week.
As difficult as possible, ideal, like Coinbase. It 'd take me forever prior to I might start purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka (teeka tiwari 5 coins). I mean, 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 suggest, we're in the early days of that technology, however much like during that time period, for the folks that had the vision to see where the future was going, and after that bought in on a few of these young business, they made an outright fortune.
Mm-hmm (affirmative). And let's take an action back for a second, since I'm constantly curious to talk to individuals who are, particularly someone like yourself, who's dedicated the last, you know, the bulk 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 person? That's a fantastic question.
They're two completely different things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an option to money. So Bitcoin would be a cryptocurrency. Therefore what gives it worth is that it is, there's only going to be a minimal quantity. 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. Therefore if you take a look at that Bitcoin network, people continuously attempt to hack it. However because of the nature of the network, today it's been unhackable. And really, with existing innovation, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over (undefined).
And so when people put, you've got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're saying, "We don't trust paper currency, you can print an unrestricted quantity of it. It's actually not secure, and the government can take it far from you." [crosstalk 00:10:15] - Whereas with Bitcoin, ideal [crosstalk 00:10:16], go on.
Yeah (teeka tiwari net worth). Or people that remained in Cypress, or just people who have suffered through either hyperinflation, or there's a high need for, in Argentina for instance, high demand for a black market of U.S. dollars. Correct. Are those countries that could potentially be a driver for more adoption, since they already do not think in their own currency? Yeah, and I believe we have actually already seen that.
So yes, and this is a thing that a lot of American or Western financiers have a difficult time getting their head around. teeka tiwari palm beach. They resemble, "Well I don't need Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You do not require Bitcoin. However there are billions of individuals in the world that do not have steady currencies.
Yeah. And so there's this entire blossoming global need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins - glenn beck teeka tiwari. And utility coins are generally utilized, let's state Ethereum, which a great deal of people understand about Ethereum. Ethereum is basically an international computer that you can compose computer programs for and run computer programs on a worldwide decentralized computer program.
So we consider something like Ether an utility token, due to the fact that you're essentially purchasing programs power. So I would not actually consider Ether a cryptocurrency, I would call them an utility coin. Okay. teeka tiwari net worth. And there are other ones out there, to provide people an idea, like a very simple one that I would envision you 'd called an energy token, resembles FileCoin.
Where the idea is that essentially you're hosting files through a peer-based network, and there's sort of this very same kind of network impact that you have with Bitcoin, where it resembles unstoppable example, because it's on so numerous different locations and. I do not know the ins and outs of it, however as an example for someone who may just be extremely basic in their understanding of this, there are many different types of energies that are offered.
And you type of mentioned having this boots on the ground experience. Now, given that we're taking a look at the bulk of these are most likely energy based, correct? Mm-hmm (affirmative). Most of the coins that I advise and look at are utility-based. We have a few cryptocurrencies, but I believe the real opportunity depends on 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, however people are going to come out of the woodwork and begin to create energy coins- Correct, yeah. And people need to understand that not all utility coins are produced equal - teeka tiwari wikipedia.
So you have the benefit of committing your occupation to this, so you can head out there and do the recon, you can fulfill the founders, you can inspect the code, etc. But for a typical person, there's now what, over 1,000 different kinds of coins readily available, nearly 1,200 I think. 'Cause normally it'll crash 80% or so. Which's when we really begin 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 resolving an issue that needs to be solved? One of the huge downsides with very smart, technical individuals, is that they like to resolve issues that no one cares about resolving. teeka tiwari wikipedia.
Does the group have experience of performing in an effective way in another area of their life? And it doesn't even have to be straight related to cryptocurrency, it does not need to be even directly related to software, right? So, but I wish to see a performance history of success in something, right? If it's four men in a space that are simply out of college, unless they've got some really excellent advisors behind them, I'm probably not going to provide any cash - glenn beck teeka tiwari.
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 issues things that people are attempting to solve a part of the Blockchain typically? 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 basically trying to find solutions that, so I'll offer you an example - glenn beck teeka tiwari. undefined.
And the factor that we bought it is since they found a method to make documents tamper-proof, and it's 99% more affordable than current innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the guy that began it has a performance history of creating computer system programs that whole states run their whole operations on, right? So you have actually got alright, the smart man has constructed huge computer programs, great group, fixing a huge issue that is going to cut substantial costs.
I suggest, it does not get any easier than that in regards to deciding who to put cash behind. And a lot of this is common sense, and a great deal of folks will attempt to make things more complicated than it is. And I have a truly easy guideline, Ryan. If I don't comprehend something, I set up my hand, and I say, "I didn't understand what you simply said." Mm-hmm (affirmative).