However frauds and small frauds. And there's something that a scams constantly does: it always goes to no - teeka tiwari glenn beck. 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. And that woke something up for me.
And so I can't ignore that. I have actually got to go dig much deeper. glenn beck teeka tiwari." And so I began traveling all around the world. I began going to Bitcoin events; I started to talking with people that were smarter than me in this space. And what I realized is that Blockchain innovation and the application of Blockchain innovation 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 separately validated, it's cryptographically verified. That principle can ripple out throughout the whole greater economy. And when that cent dropped, I knew I had to commit all my expert resources into ending up being a professional in this area.
And do you believe, I mean you discussed something there about not needing to get a third-party, or intermediary to verify 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 completely comprehend validation 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 after that all of an abrupt there's other people getting notified 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 development, they don't see it in their everyday life? Or what do you believe about that? I believe that's true.
It's not as simple as shooting up a web 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 have actually got to submit your identity files, then you've got to wait to get verified, and after that finally, you can go buy some Bitcoin.
So, a lot of individuals discover that too inconvenient, which'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 five minutes if you wish to establish a brokerage account - teeka tiwari glenn beck.
"Oh Teeka, we like your concepts, however gosh, setting up a crypto account is so hard." 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 in fact really making money an enormous amount of cash to go through maybe, you understand, 20 minutes of a headache (undefined). teeka tiwari review.
So you can't purchase 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. And can you envision what will take place to this entire market when buying Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform - teeka tiwari 5 coins - undefined.
Right now you discussed the procedure that individuals go through, and one thing I wish to expose too that you didn't mention, but I know a great deal of folks who struggle with this too, is oh, and by the method, you can only purchase $1,000 a week. Or you can just purchase $500 a week.
As challenging as possible, ideal, like Coinbase. It 'd take me permanently prior to I could begin buying in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka (teeka tiwari palm beach). I suggest, 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 imply it would take 20 minutes to fill 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 innovation, but simply like during that duration of time, for the folks that had the vision to see where the future was going, and after that bought in on some of these young companies, they made an outright fortune.
Mm-hmm (affirmative). And let's take a step back for a second, due to the fact that I'm always curious to speak to people who are, specifically somebody like yourself, who's committed the last, you understand, the better part of the last couple of years to actually go both feet in on this - teeka tiwari. How do you explain cryptocurrency to like an average individual? That's a terrific concern.
They're 2 totally various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an alternative to money. So Bitcoin would be a cryptocurrency. And so what gives it worth is that it is, there's only going to be a restricted amount. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, confirming the transactions on the Bitcoin network. Therefore if you take a look at that Bitcoin network, individuals constantly try to hack it. But due to the fact that of the nature of the network, today it's been unhackable. And really, with current technology, the Bitcoin network is so big today, you can't co-opt it, you can't take it over (undefined).
Therefore 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 stating, "We don't rely on paper currency, you can print an endless quantity of it. It's actually not protect, and the federal government can take it away from you." [crosstalk 00:10:15] - Whereas with Bitcoin, ideal [crosstalk 00:10:16], proceed.
Yeah (teeka tiwari glenn beck). Or individuals that were in Cypress, or just people who have actually suffered through either devaluation, 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 catalyst for more adoption, because they currently don't believe in their own currency? Yeah, and I believe we have actually currently seen that.
So yes, and this is a thing that a lot of American or Western investors have a difficult time getting their head around. teeka tiwari 5 coins. They resemble, "Well I do not require Bitcoin, I have cash." Well yeah, you're right, you've got a stable currency, right? You don't require Bitcoin. However there are billions of people on the planet that don't have steady currencies.
Yeah. Therefore there's this entire blossoming international need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins - teeka tiwari twitter. And utility coins are essentially utilized, let's say Ethereum, which a lot of individuals understand about Ethereum. Ethereum is basically an international computer system that you can compose computer system programs for and run computer system programs on a worldwide decentralized computer program.
So we think about something like Ether an utility token, due to the fact that you're basically buying shows power. So I would not actually consider Ether a cryptocurrency, I would call them an energy coin. Okay. glenn beck teeka tiwari. And there are other ones out there, to offer people an idea, like a very simple one that I would picture you 'd called an utility token, is like FileCoin.
Where the concept is that generally you're hosting files through a peer-based network, and there's type of this very same kind of network result that you have with Bitcoin, where it's like unstoppable example, due to the fact that it's on so numerous various locations and. I don't understand the ins and outs of it, but as an example for somebody who might just be very basic in their understanding of this, there are numerous different types of utilities that are available.
And you sort of mentioned having this boots on the ground experience. Now, considering that we're taking a look at the bulk of these are probably energy based, correct? Mm-hmm (affirmative). Many of the coins that I recommend and look at are utility-based. We have a few cryptocurrencies, however I believe the genuine chance lies in the utility coin space.
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 people are going to come out of the woodwork and start to produce energy coins- Correct, yeah. And people need to understand that not all energy coins are produced equivalent - teeka tiwari net worth.
So you have the benefit of dedicating your occupation to this, so you can go out there and do the reconnaissance, you can meet the founders, you can examine the code, and so on. However for a typical individual, there's now what, over 1,000 different kinds of coins readily available, practically 1,200 I believe. 'Cause generally it'll crash 80% or two. And that's when we truly begin taking a look at the concept in more detail. So here are some quick and dirty things that you should look at, right? So, one is, are they fixing a problem that needs to be fixed? One of the huge downsides with very smart, technical individuals, is that they like to solve problems that nobody cares about resolving. teeka tiwari 5 coins.
Does the group have experience of executing in a successful way in another location of their life? And it does not even need to be straight associated to cryptocurrency, it doesn't need to be even directly associated to software application, right? So, but I wish to see a track record of success in something, right? If it's four guys in a space that are simply out of college, unless they have actually got some actually great advisors behind them, I'm most likely not going to provide any money - teeka tiwari 5 coins.
Yeah. I believe that in marketing in general, my world of company, we constantly try to find problems and how we can fix them. Now, are the issues things that people are attempting to fix a part of the Blockchain typically? Or would you say it's better if they're resolving 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 generally looking for solutions that, so I'll provide you an example - teeka tiwari reviews. undefined.
And the factor that we bought it is because they found a way to make documents tamper-proof, and it's 99% cheaper than present technology, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the person that began it has a performance history of creating computer programs that entire states run their entire operations on, right? So you've got okay, the wise person has built substantial computer programs, excellent team, solving a massive 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 cash behind. And a great deal of this is common sense, and a great deal of folks will attempt to make things more complex than it is. And I have a really basic guideline, Ryan. If I don't comprehend something, I installed my hand, and I say, "I didn't understand what you simply said." Mm-hmm (affirmative).