However frauds and little scams. And there's one thing that a scams always does: it constantly goes to no - teeka tiwari net worth. However Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the bad news came out. The enormous hack. And that woke something up for me.
And so I can't ignore that. I have actually got to go dig deeper. teeka tiwari next bitcoin." Therefore I began traveling all around the world. I started going to Bitcoin events; I began to speaking to people that were smarter than me in this area. And what I understood is that Blockchain technology and the execution of Blockchain innovation by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how huge that is! The ramifications of that, of being able to have data that we don't require to have it individually verified, it's cryptographically confirmed. That principle can ripple out throughout the whole higher economy. And when that cent dropped, I knew I had to devote all my professional resources into becoming a professional in this area.
And do you believe, I mean you mentioned something there about not having to get a third-party, or intermediary to confirm 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 fully understand recognition procedure [inaudible 00:04:11].
We were simply discussing how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and after that suddenly there's other people getting alerted about it, like the IRS and things like that. Do you think that the typical folks don't perhaps know about these procedures, so they don't maybe see what you're stating as this advancement, they don't see it in their everyday life? Or what do you think of that? I think that's real.
It's not as simple as firing up a web 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've got to submit your identity files, then you've got to wait to get validated, and after that lastly, you can go buy some Bitcoin.
So, a lot of people discover that too bothersome, which's why the people that are literally making the most amount of money today in cryptocurrencies are the early adopters: individuals that are prepared to put in perhaps the 20 minutes required to go through a process which simply takes 5 minutes if you wish to establish a brokerage account - teeka tiwari 5 coins.
"Oh Teeka, we enjoy your ideas, but gosh, establishing a crypto account is so challenging." 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 really getting paid an enormous quantity of money to go through perhaps, you know, 20 minutes of a nuisance (undefined). teeka tiwari.
So you can't buy Bitcoin yet through their trading platform, however it is simply a question of time, Ryan, before you'll have the ability to buy cryptocurrencies directly through your trading software. And can you picture what will happen to this entire marketplace when buying Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform - teeka tiwari reviews - undefined.
Right now you discussed the procedure that individuals go through, and something I want to expose too that you didn't mention, but I know a lot of folks who deal with this too, is oh, and by the way, you can just purchase $1,000 a week. Or you can only purchase $500 a week.
As challenging as possible, best, 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 Web, when we were getting on the Web, we were doing it with 56k modems, right? I suggest 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 mean, we're in the early days of that technology, however much like during that amount of time, for the folks that had the vision to see where the future was going, and after that purchased in on some of these young companies, 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 constantly curious to speak with individuals who are, especially somebody like yourself, who's dedicated 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 a typical individual? That's a terrific question.
They're 2 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. And so what provides it worth is that it is, there's only going to be a minimal quantity. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, validating the deals on the Bitcoin network. Therefore if you take a look at that Bitcoin network, individuals continuously attempt to hack it. But due to the fact that of the nature of the network, today it's been unhackable. And actually, with current 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 individuals put, you've 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 rely on paper cash, you can print a limitless 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], go ahead.
Yeah (teeka tiwari glenn beck). Or individuals that were in Cypress, or just individuals who have suffered through either hyperinflation, or there's a high need for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those countries that could potentially be a driver for more adoption, because they currently don't think in their own currency? Yeah, and I think we have actually already seen that.
So yes, and this is a thing that a great deal of American or Western financiers have a bumpy ride getting their head around. teeka tiwari picks. They resemble, "Well I don't require Bitcoin, I have cash." Well yeah, you're right, you've got a steady currency, right? You don't require Bitcoin. But there are billions of individuals worldwide that do not have steady currencies.
Yeah. Therefore there's this whole growing global need for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins - teeka tiwari 5 coins. And utility coins are essentially used, let's say Ethereum, which a lot of individuals understand about Ethereum. Ethereum is essentially a global computer system that you can write computer system programs for and run computer programs on a worldwide decentralized computer system program.
So we consider something like Ether an utility token, because 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 twitter. And there are other ones out there, to provide individuals a concept, like a really basic one that I would envision you 'd called an energy token, resembles FileCoin.
Where the concept is that basically you're hosting files through a peer-based network, and there's type of this exact same type of network effect that you have with Bitcoin, where it resembles unstoppable kind of thing, due to the fact that it's on so many various areas and. I do not know the ins and outs of it, however as an example for somebody who might just be extremely basic in their understanding of this, there are numerous different types of utilities that are offered.
And you kind of mentioned having this boots on the ground experience. Now, since we're looking at the bulk of these are most likely energy based, remedy? Mm-hmm (affirmative). Many of the coins that I recommend and look at are utility-based. We have a few cryptocurrencies, but I believe the genuine chance lies in the energy coin area.
There's all of these ICOs that were occurring, 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 start to develop energy coins- Correct, yeah. And individuals require to comprehend that not all energy coins are produced equal - teeka tiwari.
So you have the advantage of dedicating your occupation to this, so you can go out there and do the recon, you can meet the founders, you can examine the code, etc. However for an average individual, there's now what, over 1,000 different types of coins available, practically 1,200 I think. 'Cause generally it'll crash 80% approximately. Which's when we actually start looking at the concept in more detail. So here are some fast and unclean things that you should take a look at, right? So, one is, are they resolving an issue that requires to be resolved? Among the big drawbacks with really wise, technical individuals, is that they like to fix problems that nobody cares about resolving. glenn beck teeka tiwari.
Does the team have experience of carrying out in an effective manner in another area of their life? And it doesn't even need to be straight related to cryptocurrency, it does not need to be even straight associated to software, right? So, however I desire to see a track record of success in something, right? If it's four men in a room that are simply out of college, unless they've got some actually great advisors behind them, I'm most likely not going to provide any cash - teeka tiwari reviews.
Yeah. I think that in marketing in general, my world of organization, we continuously look for problems and how we can resolve them. Now, are the problems things that people are trying to resolve a part of the Blockchain generally? Or would you state it's better if they're resolving type 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 offer you an example - teeka tiwari review. undefined.
And the factor that we bought it is because they found 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 person that started it has a track record of creating computer system programs that entire states run their whole operations on, right? So you have actually got fine, the wise person has actually constructed huge computer programs, fantastic team, solving an enormous issue that is going to cut big costs.
I indicate, it doesn't get any simpler than that in regards to deciding who to put money behind. And a lot of this is typical sense, and a great deal of folks will try to make things more complicated than it is. And I have a really basic rule, Ryan. If I don't comprehend something, I set up my hand, and I say, "I didn't understand what you just stated." Mm-hmm (affirmative).