But scams and little scams. And there's something that a scams constantly does: it always goes to absolutely no - teeka tiwari 5 coins. But Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the problem came out. The enormous hack. Which woke something up for me.
And so I can't ignore that. I've got to go dig deeper. teeka tiwari net worth." Therefore I started 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 understood is that Blockchain technology and the implementation 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 information that we do not require to have it separately validated, it's cryptographically verified. That idea can ripple out throughout the whole greater economy. And when that cent dropped, I knew I needed to commit all my professional resources into becoming an expert in this area.
And do you believe, I indicate you mentioned something there about not having 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 completely comprehend validation process [inaudible 00:04:11].
We were just speaking about how I'm leaving to go to China, to China. And heaven prohibited it's over $10,000, and then all of an abrupt there's other individuals getting notified about it, like the IRS and things like that. Do you believe that the average folks don't possibly understand about these processes, so they don't possibly see what you're saying as this development, they don't see it in their daily life? Or what do you consider that? I think that's real.
It's not as simple as firing up a web browser and going to e-trade. com and pressing a buy button and buying it, right? You have actually got to go to an exchange, you've got to publish your identity files, then you've got to wait to get confirmed, and after that finally, you can go buy some Bitcoin.
So, a great deal of individuals discover that too bothersome, and that's why individuals that are literally making the most amount of money today in cryptocurrencies are the early adopters: individuals that want to put in possibly the 20 minutes needed to go through a process which simply takes five minutes if you wish to set up a brokerage account - teeka tiwari review.
"Oh Teeka, we like your ideas, but 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 whole cryptocurrency market will be 10x bigger. So you're actually really earning money an enormous quantity of money to go through maybe, you know, 20 minutes of a headache (undefined). teeka tiwari 5 coins.
So you can't buy Bitcoin yet through their trading platform, however it is just a concern of time, Ryan, before you'll be able to purchase cryptocurrencies directly through your trading software. And can you picture what will take place to this entire market when purchasing Bitcoin or any cryptocurrency is as easy as shooting up your e-trade, or fidelity tradings platform - teeka tiwari palm beach - undefined.
Right now you mentioned the process that people go through, and one thing I wish to bring to light too that you didn't discuss, however I understand a lot of folks who deal with this too, is oh, and by the way, you can only purchase $1,000 a week. Or you can only purchase $500 a week.
As hard as possible, best, like Coinbase. It 'd take me forever prior to I could begin purchasing in size on Coinbase. They're like, well, we'll let you purchase $500 a week, Teeka (teeka tiwari review). 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 imply, we're in the early days of that technology, however much like throughout that time period, for the folks that had the vision to see where the future was going, and then bought in on some of these young companies, they made an outright fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, due to the fact that I'm always curious to talk with people who are, especially somebody like yourself, who's devoted the last, you understand, the lion's share of the last couple of years to truly go both feet in on this - teeka tiwari 5 coins. How do you explain cryptocurrency to like an average individual? That's a great concern.
They're two completely various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an alternative to money. So Bitcoin would be a cryptocurrency. Therefore 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, validating the deals on the Bitcoin network. Therefore if you take a look at that Bitcoin network, individuals continuously attempt to hack it. But because of the nature of the network, today it's been unhackable. And truly, with existing 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 literally own billions of dollars worth of Bitcoin. And they're making that bet since they're saying, "We don't trust paper money, you can print a limitless quantity of it. It's actually not protect, and the government can take it far from you." [crosstalk 00:10:15] - Whereas with Bitcoin, best [crosstalk 00:10:16], go on.
Yeah (teeka tiwari glenn beck). Or individuals that were in Cypress, or just people who have actually suffered through either run-away inflation, or there's a high demand 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, since they currently do not think in their own currency? Yeah, and I think we have actually currently seen that.
So yes, and this is a thing that a great deal of American or Western investors have a bumpy ride getting their head around. glenn beck teeka tiwari. They're like, "Well I don't need Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You don't require Bitcoin. But there are billions of people on the planet that do not have steady currencies.
Yeah. Therefore there's this whole burgeoning international demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins - teeka tiwari. And energy coins are basically utilized, let's state Ethereum, which a lot of individuals understand about Ethereum. Ethereum is basically a global computer that you can compose computer programs for and run computer programs on an internationally decentralized computer system program.
So we consider something like Ether an energy token, since you're basically purchasing shows power. So I would not actually consider Ether a cryptocurrency, I would call them an energy coin. Okay. teeka tiwari next bitcoin. And there are other ones out there, to offer people an idea, like a really basic 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 type of this exact same type of network result that you have with Bitcoin, where it's like unstoppable example, since it's on many various areas and. I do not know the ins and outs of it, but as an example for somebody who may simply be very standard in their understanding of this, there are numerous different kinds of utilities that are available.
And you type of discussed having this boots on the ground experience. Now, considering that we're looking at the bulk of these are probably energy based, correct? Mm-hmm (affirmative). Many of the coins that I advise and look at are utility-based. We have a few cryptocurrencies, however I believe the real chance depends on the utility coin area.
There's all of these ICOs that were taking place, those decreased a bit with some modifications to a couple of things that was going on, but individuals are going to come out of the woodwork and begin to develop utility coins- Correct, yeah. And people need to comprehend that not all utility coins are created equivalent - teeka tiwari.
So you have the benefit of devoting your profession to this, so you can go out there and do the reconnaissance, you can meet the creators, you can check the code, and so on. However for an average individual, there's now what, over 1,000 different types of coins offered, nearly 1,200 I believe. 'Cause usually it'll crash 80% or so. And that's when we truly start taking a look at the idea in more information. So here are some quick and dirty things that you should take a look at, right? So, one is, are they solving an issue that requires to be solved? One of the huge disadvantages with extremely clever, technical individuals, is that they like to resolve issues that nobody appreciates solving. teeka tiwari.
Does the team have experience of performing in a successful way in another area of their life? And it does not even need to be directly related to cryptocurrency, it does not need to be even directly associated to software application, right? So, however I wish to see a performance history of success in something, right? If it's 4 men in a room that are simply out of college, unless they've got some actually good consultants behind them, I'm probably not going to offer them any money - teeka tiwari next bitcoin.
Yeah. I think that in marketing in basic, my world of service, we constantly look for issues and how we can solve them. Now, are the problems things that individuals are attempting to solve a part of the Blockchain typically? Or would you state it's better if they're fixing type of a mass problem? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm generally trying to find services that, so I'll provide you an example - teeka tiwari palm beach. undefined.
And the reason that we bought it is since they discovered a method to make files tamper-proof, and it's 99% less expensive than current technology, 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 developing computer programs that entire states run their whole operations on, right? So you've got alright, the smart guy has built big computer programs, fantastic group, solving an enormous problem that is going to cut substantial costs.
I mean, it does not get any easier than that in terms of deciding who to put money behind. And a lot of this is typical sense, and a great deal of folks will attempt to make things more complicated than it is. And I have a really basic rule, Ryan. If I do not understand something, I installed my hand, and I state, "I didn't comprehend what you just said." Mm-hmm (affirmative).