teeka's crypto picks teeka tiwari review
5 coins that teeka tiwari recommends
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However frauds and small frauds. And there's something that a fraud always does: it always goes to zero. But 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. Which woke something up for me.
Therefore I can't ignore that. I have actually got to go dig deeper." Therefore I began taking a trip all around the world. I started going to Bitcoin occasions; I began to speaking with people that were smarter than me in this space. And what I recognized is that Blockchain technology and the application of Blockchain technology by the Bitcoin network was transformational.
And that, Ryan, is, I can't overemphasize how huge that is! The ramifications of that, of having the ability to have data that we don't require to have it individually validated, it's cryptographically validated. That idea can ripple out throughout the whole greater economy. And when that penny dropped, I understood I needed to dedicate all my professional resources into becoming an expert in this area.
And do you believe, I suggest you mentioned something there about not needing 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 might not even completely understand validation process . We were just talking about how I'm leaving to go to China, to China. And paradise forbid it's over $10,000, and after that all of an abrupt there's other individuals getting informed about it, like the Internal Revenue Service and things like that. Do you think that the typical folks do not possibly know about these processes, so they don't possibly see what you're stating as this breakthrough, they don't see it in their everyday life? Or what do you consider that? I believe that holds true.
It's not as easy as firing up a web internet browser and going to e-trade. com and pressing a buy button and buying it, right? You've got to go to an exchange, you have actually got to publish 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 find that too troublesome, which's why the individuals that are literally making the most amount of money today in cryptocurrencies are the early adopters: people that are ready to put in possibly the 20 minutes needed to go through a process which simply takes five minutes if you wish to establish a brokerage account.
"Oh Teeka, we love your concepts, but gosh, establishing a crypto account is so hard." 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 larger. So you're in fact truly getting paid a huge amount of money to go through possibly, you know, 20 minutes of a nuisance.
So you can't purchase Bitcoin yet through their trading platform, but it is simply a question of time, Ryan, prior to you'll be able to buy cryptocurrencies directly through your trading software application. And can you imagine what will take place to this entire market when purchasing Bitcoin or any cryptocurrency is as easy as firing up your e-trade, or fidelity tradings platform.
Today you discussed the procedure that individuals go through, and something I wish to bring to light too that you didn't point out, but I understand a great deal 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 purchase $500 a week.
As challenging as possible, best, like Coinbase. It 'd take me forever prior to I could start buying in size on Coinbase. They resemble, well, we'll let you purchase $500 a week, Teeka. I indicate, it's if you keep in mind the early days of the Internet, when we were getting on the Web, 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 indicate, we remain in the early days of that technology, however just like throughout 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 absolute fortune.
Mm-hmm (affirmative). And let's take an action back for a second, due to the fact that I'm constantly curious to speak with individuals who are, specifically someone like yourself, who's devoted the last, you understand, the lion's share of the last couple of years to actually go both feet in on this. How do you describe cryptocurrency to like an average person? That's a great question.
They're 2 completely various things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an option to cash. So Bitcoin would be a cryptocurrency. Therefore what offers it value 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 computers, confirming the transactions on the Bitcoin network. And so if you look at that Bitcoin network, people constantly attempt to hack it. However 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 today, you can't co-opt it, you can't take it over.
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 due to the fact that they're stating, "We do not rely on paper currency, you can print an unrestricted quantity of it. It's really not protect, and the government can take it far from you." - Whereas with Bitcoin, best , proceed.
Yeah. Or individuals that were in Cypress, or just individuals who have suffered through either run-away inflation, or there's a high demand for, in Argentina for instance, high demand for a black market of U.S. dollars. Correct. Are those nations that could potentially be a catalyst for more adoption, since they already do not believe in their own currency? Yeah, and I believe we have actually currently seen that.
So yes, and this is a thing that a great deal of American or Western financiers have a difficult time getting their head around. 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 need Bitcoin - Yeah. Therefore there's this whole blossoming global demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins. And utility coins are basically utilized, let's state Ethereum, which a great deal of individuals learn about Ethereum. Ethereum is essentially a worldwide computer that you can write computer programs for and run computer system programs on an internationally decentralized computer program.
So we think about something like Ether an energy token, because you're basically purchasing programs power. So I wouldn't truly think about Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to provide individuals an idea, like a really basic one that I would imagine you 'd called an utility token, is like 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 impact that you have with Bitcoin, where it resembles unstoppable example, due to the fact that it's on a lot of different areas and. And you kind of mentioned having this boots on the ground experience. Now, because we're taking a look at the bulk of these are most likely energy based, remedy? Mm-hmm (affirmative). Many of the coins that I advise and look at are utility-based. We have a couple of cryptocurrencies, however I think the genuine chance depends on the energy coin space.
There's all of these ICOs that were happening, those slowed down a bit with some changes 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 created equivalent.
So you have the benefit of devoting your occupation to this, so you can go out there and do the recon, you can satisfy the creators, you can examine the code, etc. But for a typical person, there's now what, over 1,000 different kinds of coins available, practically 1,200 I believe. 'Cause generally it'll crash 80% approximately - Does the team have experience of performing in an effective manner in another area of their life? And it does not even have to be straight associated to cryptocurrency, it doesn't need to be even directly associated to software, right? So, but I want 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 truly excellent consultants behind them, I'm most likely not going to provide any money.
Yeah. I think that in marketing in general, my world of service, we constantly try to find issues and how we can resolve them. Now, are the problems things that people are attempting to resolve a part of the Blockchain typically? Or would you say it's much better if they're solving kind 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 trying to find solutions that, so I'll give you an example.
And the factor that we bought it is because they discovered a method to make documents tamper-proof, and it's 99% more affordable than present innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the man that began it has a track record of developing computer programs that whole states run their entire operations on, right? So you've got fine, the clever man has actually developed substantial computer system programs, great group, resolving an enormous problem that is going to cut substantial expenses.
I indicate, it does not get any easier than that in regards to choosing who to put cash behind. And a lot of this is common sense, and a lot of folks will attempt to make things more complicated than it is. And I have a truly basic rule, Ryan. If I do not understand something, I put up my hand, and I state, "I didn't comprehend what you just stated." Mm-hmm (affirmative).