teeka tiwari vechain
what stock is teeka tiwari recommending
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However scams and small scams. And there's one thing that a scams constantly does: it always goes to absolutely no. 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. Which woke something up for me.
And so I can't neglect that. I've got to go dig deeper." Therefore I started traveling all around the world. I started going to Bitcoin occasions; I began to talking to individuals that were smarter than me in this area. And what I understood is that Blockchain innovation and the application of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overstate how enormous that is! The implications of that, of being able to have information that we do not need to have it independently confirmed, it's cryptographically confirmed. That concept can ripple out throughout the whole greater economy. And when that penny dropped, I knew I had to devote all my professional resources into becoming a specialist in this space.
And do you believe, I indicate 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 recognition process . We were just talking about how I'm delegating go to China, to China. And paradise forbid it's over $10,000, and then all of an abrupt there's other individuals getting notified about it, like the Internal Revenue Service and things like that. Do you believe that the average folks do not possibly know about these procedures, so they don't perhaps 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 holds true.
It's not as simple as firing up a web internet browser and going to e-trade. com and pushing a buy button and purchasing it, right? You have actually got to go to an exchange, you have actually got to upload your identity files, then you've got to wait to get validated, and then lastly, you can go buy some Bitcoin.
So, a lot of individuals discover that too inconvenient, and that's why individuals 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 needed to go through a process which simply takes 5 minutes if you want to establish a brokerage account.
"Oh Teeka, we like your ideas, however gosh, establishing a crypto account is so hard." What I tell them is I state, "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 larger. So you're actually really getting paid a huge amount of money to go through maybe, you know, 20 minutes of a nuisance.
So you can't purchase Bitcoin yet through their trading platform, but it is just a question of time, Ryan, before you'll be able to buy cryptocurrencies directly through your trading software application. And can you envision what will occur to this entire marketplace when buying Bitcoin or any cryptocurrency is as easy as firing up your e-trade, or fidelity tradings platform.
Right now you pointed out the process that individuals go through, and one thing I wish to expose too that you didn't discuss, but I know a great deal of folks who struggle with this too, is oh, and by the way, you can only purchase $1,000 a week. Or you can just purchase $500 a week.
As challenging as possible, right, like Coinbase. It 'd take me permanently before I could start buying in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka. I indicate, it's if you remember 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 load 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, but just like during that time period, 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 companies, 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 always curious to speak to individuals who are, specifically someone like yourself, who's dedicated the last, you understand, the lion's share of the last few years to actually go both feet in on this. How do you describe cryptocurrency to like an average individual? That's a great concern.
They're 2 absolutely various 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. And so what gives it value is that it is, there's just going to be a limited quantity. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, verifying the deals on the Bitcoin network. And so if you take a look at that Bitcoin network, individuals constantly try to hack it. But because 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.
Therefore when people put, you've got people 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 fiat money, you can print an unlimited quantity of it. It's truly not protect, and the government can take it far from you." - Whereas with Bitcoin, ideal , go ahead.
Yeah. Or individuals that remained 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 countries that could possibly be a driver for more adoption, since they currently don't 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 bumpy ride getting their head around. They're like, "Well I do not require Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You do not need Bitcoin - Yeah. And so there's this entire blossoming global demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire 'nother coin called utility coins. And energy coins are generally used, let's say Ethereum, which a lot of individuals know about Ethereum. Ethereum is essentially an international computer that you can write computer system programs for and run computer system programs on an internationally decentralized computer program.
So we think about something like Ether an utility token, since you're essentially buying shows power. So I would not really consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to give people an idea, like an extremely basic one that I would envision you 'd called an utility token, resembles FileCoin.
Where the concept is that generally you're hosting files through a peer-based network, and there's sort of this same type of network effect that you have with Bitcoin, where it's like unstoppable kind of thing, due to the fact that it's on a lot of various areas and. And you kind of discussed having this boots on the ground experience. Now, given that we're looking at the bulk of these are most likely utility based, correct? Mm-hmm (affirmative). Most of the coins that I suggest and take a look at are utility-based. We have a couple of cryptocurrencies, but I believe the real chance depends on the energy coin area.
There's all of these ICOs that were taking place, those decreased a bit with some modifications to a few things that was going on, but people are going to come out of the woodwork and start to produce utility coins- Correct, yeah. And individuals need to comprehend that not all utility coins are created equal.
So you have the benefit of dedicating your profession 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 a typical person, there's now what, over 1,000 various kinds of coins available, practically 1,200 I think. 'Cause typically it'll crash 80% approximately - Does the team have experience of performing 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 related to software, right? So, but I wish to see a performance history of success in something, right? If it's 4 men in a space that are just out of college, unless they have actually got some actually great advisors 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 problems and how we can resolve them. Now, are the problems things that individuals are trying to resolve a part of the Blockchain typically? Or would you say it's much better if they're resolving 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 essentially looking for solutions that, so I'll provide you an example.
And the factor that we bought it is since they discovered a method to make documents tamper-proof, and it's 99% more affordable 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 whole operations on, right? So you've got fine, the wise person has actually built huge computer system programs, great group, solving a huge problem that is going to cut huge expenses.
I indicate, it does not get any easier than that in regards to deciding who to put cash behind. And a lot of this prevails sense, and a great deal of folks will try to make things more complicated than it is. And I have an actually easy guideline, Ryan. If I do not understand something, I set up my hand, and I say, "I didn't comprehend what you just said." Mm-hmm (affirmative).