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how to invest in blockchain technology
we're following this "boy genius" into the bank of the future by teeka tiwari


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So, a lot of individuals discover that too bothersome, and that's why individuals that are literally making the most amount of money right now in cryptocurrencies are the early adopters: individuals that want to put in perhaps the 20 minutes needed to go through a process which just takes five minutes if you desire to establish a brokerage account (how to invest in blockchain ico).

" Oh Teeka, we love your ideas, but gosh, setting up a crypto account is so tough." What I tell them is I say, "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 in fact truly earning money an enormous quantity of cash to go through perhaps, you know, 20 minutes of a pain in the neck.

So you can't purchase Bitcoin yet through their trading platform, however it is simply a question of time, Ryan, prior to you'll be able to purchase cryptocurrencies directly through your trading software. And can you picture what will take place to this whole marketplace when purchasing Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform (how to invest in blockchain stocks).

Right now you pointed out the process that individuals go through, and something I wish to bring to light too that you didn't discuss, but I know a lot of folks who have a hard time 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.

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As tough as possible, right, like Coinbase. It 'd take me forever prior to I might begin buying in size on Coinbase. They're like, well, we'll let you purchase $500 a week, Teeka. how to invest in blockchain technologies. 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 mean 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 (how to invest in blockchain technologies). I suggest, we remain in the early days of that technology, but much like during that duration of time, for the folks that had the vision to see where the future was going, and after that purchased in on a few of these young business, they made an absolute fortune.

Mm-hmm (affirmative). And let's take a step back for a second, since I'm always curious to speak to people who are, specifically somebody like yourself, who's dedicated the last, you understand, the bulk of the last couple of years to truly go both feet in on this. How do you explain cryptocurrency to like an average individual? That's a fantastic question (how to invest in blockchain stock).

They're two absolutely different things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an option to money. So Bitcoin would be a cryptocurrency. Therefore what offers it value is that it is, there's just going to be a restricted amount. There'll never ever be more than 21 million Bitcoin.

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There are billions of dollars worth of computer systems, confirming the deals on the Bitcoin network. Therefore if you take a look at that Bitcoin network, people constantly try to hack it. But due to the fact that of the nature of the network, today it's been unhackable. And truly, with existing technology, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over.

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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 since they're saying, "We do not rely on paper currency, you can print an unlimited quantity of it. It's truly not secure, and the federal government can take it away from you." - Whereas with Bitcoin, best , go on.

Yeah (how to invest in blockchain etf). Or people that were in Cypress, or simply individuals who have actually suffered through either hyperinflation, or there's a high demand 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, due to the fact that they already do not believe in their own currency? Yeah, and I think we have actually currently 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 - how to invest in blockchain 2020. They resemble, "Well I don't need Bitcoin, I have cash." Well yeah, you're right, you've got a steady currency, right? You don't need Bitcoin. But there are billions of individuals worldwide that don't have steady currencies.

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Yeah. And so there's this entire growing global demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins. And energy coins are basically utilized, let's say Ethereum, which a lot of people understand about Ethereum (how to invest in blockchain without buying bitcoin). Ethereum is essentially a worldwide computer that you can compose computer programs for and run computer programs on a globally decentralized computer system program.

So we think about something like Ether an utility token, due to the fact that you're essentially buying programming power. So I would not truly consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to offer individuals an idea, like a very easy one that I would picture you 'd called an utility token, resembles FileCoin. how to invest in blockchain.

Where the idea is that essentially you're hosting files through a peer-based network, and there's type of this exact same kind of network result that you have with Bitcoin, where it's like unstoppable kind of thing, since it's on so numerous different areas and. I don't know the ins and outs of it, but as an example for someone who may just be very standard in their understanding of this, there are a lot of different types of energies that are offered. how to invest in blockchain without buying bitcoin.

And you kind of discussed having this boots on the ground experience - how to invest in blockchain. Now, since we're looking at the bulk of these are most likely utility based, remedy? Mm-hmm (affirmative). how to invest in blockchain 2020. The majority of the coins that I suggest and take a look at are utility-based. We have a couple of cryptocurrencies, but I believe the genuine opportunity lies in the utility coin area.

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There's all of these ICOs that were occurring, those decreased a little bit with some changes to a few things that was going on, but people are going to come out of the woodwork and start to produce energy coins- Correct, yeah (how to invest in blockchain technology). And people require to comprehend that not all utility coins are developed equivalent.

So you have the benefit 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, and so on. But for an average person, there's now what, over 1,000 different kinds of coins available, practically 1,200 I think. how to invest in blockchain stock.

How do they do that? That's a terrific question. I will say that 95% of ICOs are either deceptive or just bad ideas. Okay. Right? There's absolutely nothing worse than someone that's young, earnest, with a horrible concept, that someone gives $40 million to. Right? Yeah, totally (how to invest in blockchain ico). So yeah, so I do not truly take part in lots of ICOs, and I suggest you probably side step that market, unless you've got an unique relationship, and you can get in on the pre-ICO, and after that blow it out when it trades.

'Cause generally it'll crash 80% or so. And that's when we actually start looking at the idea in more detail - how to invest in blockchain technology. So here are some fast and unclean things that you should look at, right? So, one is, are they solving a problem that needs to be resolved? One of the huge downsides with very smart, technical people, is that they like to fix problems that no one cares about resolving.

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Does the group have experience of carrying out in a successful way in another area of their life? And it does not even need to be straight associated to cryptocurrency, it does not need to be even straight associated to software, right? So, but I wish to see a track record of success in something, right? If it's 4 guys 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. how to invest in blockchain technologies.

Yeah. I believe that in marketing in general, my world of organization, we continuously look for issues and how we can resolve them. Now, are the issues things that people are attempting to fix a part of the Blockchain generally? Or would you state it's much 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 searching for solutions that, so I'll give you an example.

And the factor that we bought it is because they discovered a way to make files tamper-proof, and it's 99% more affordable than existing innovation, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the guy that began it has a track record of creating computer system programs that entire states run their entire operations on, right? So you have actually got okay, the clever person has actually developed huge computer programs, terrific team, fixing a huge issue that is going to cut huge expenses.

I suggest, it doesn't get any easier than that in terms of choosing who to put money behind - how to invest in blockchain etf. And a lot of this prevails sense, and a great deal of folks will try to make things more complex than it is. And I have a really easy rule, Ryan. If I don't understand something, I put up my hand, and I state, "I didn't understand what you just said." Mm-hmm (affirmative).

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And after that if the person that you're speaking with can't dumb it down enough where you comprehend it, then it's probably not a great idea. Right, right. It's going to be easy to comprehend. And do you feel that you have years of experience examining business and taking a look at much, much bigger companies.

Ryan: So you have actually looked at companies that are big companies, you've evaluated much bigger marketcap type circumstances. Do you feel that that experience has assisted you? Or are we in such, kind of the infancy, that as you pointed out, it is nearly just common sense. You just have to sort of appearance at it and think reasonably about what's going on, and pull the feeling out? You need to pull the feeling out, and there are no standard metrics that you can look at.

Okay - how to invest in blockchain without buying bitcoin. What I can utilize that I gained from working on Wall Street across three decades, is how to check out individuals. I have actually satisfied tens of countless people throughout my profession. I have actually fulfilled experts; I have actually satisfied fund supervisors, I have actually met stock promoters, I've fulfilled all these different types of characters along the method.

So I believe that's most likely one of my incredibly powers, if you will. And if you've got an excellent BS detector, you ought to listen to it. Okay. You need to definitely listen to it (how to invest in blockchain). If I'm sitting down and I'm talking with someone, and they've got all the bonifides, but you know, there's just; it's not agreeing with me, there's something about them that's not agreeing with me.

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There are many other offers out there to take a look at. Yeah, there's excessive chance. Yeah. how to invest in blockchain technology. And speaking of chance, you know, you kind of pointed out at the start, Bitcoin and Ethereum, most individuals have become aware of these 2, especially Bitcoin, because it appears like it's in the news all the time, something or the other.



Have they missed out on the boat on Bitcoin? Bitcoin is trading practically upwards of $6,000 recently; it's shown up from say $3,000 not too long ago, it's rather unpredictable. Do they type of wait on a pullback, or do they just say, "Okay, I'm going to purchase some Ethereum, I'm going to purchase some Bitcoin, see you in 10 years." You understand? Yeah that's a terrific question.


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