teeka tiwari crypto course
teeka tiwari top cryptocurrency picks
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But frauds and small scams. And there's something that a scams always does: it constantly goes to absolutely no. 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. And that woke something up for me.
And so I can't overlook that. I've got to go dig deeper." And so I began traveling all around the world. I started going to Bitcoin occasions; I began to speaking with people that were smarter than me in this area. And what I understood is that Blockchain innovation and the execution of Blockchain innovation by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how huge 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 validated. That principle can ripple out throughout the entire greater economy. And when that cent dropped, I knew I had to dedicate all my expert resources into ending up being a professional in this area.
And do you believe, I indicate you mentioned something there about not having to get a third-party, or intermediary to validate 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 fully 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 suddenly there's other individuals getting alerted about it, like the IRS and things like that. Do you think that the average folks do not perhaps know about these procedures, so they do not maybe see what you're saying as this advancement, they do not see it in their daily life? Or what do you think about 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 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 have actually got to wait to get validated, and after that lastly, you can go buy some Bitcoin.
So, a great deal of people discover that too bothersome, and that's why the people that are actually making the most amount of cash right now in cryptocurrencies are the early adopters: people that are ready to put in maybe the 20 minutes needed to go through a procedure which just takes five minutes if you wish to set up a brokerage account.
"Oh Teeka, we enjoy your ideas, but gosh, establishing a crypto account is so tough." What I tell them is I state, "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 truly getting paid a massive amount of cash to go through perhaps, you understand, 20 minutes of a discomfort in the neck.
So you can't purchase Bitcoin yet through their trading platform, however it is just a concern of time, Ryan, prior to you'll be able to buy cryptocurrencies straight 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 simple as shooting up your e-trade, or fidelity tradings platform.
Today you mentioned the procedure that individuals go through, and something I wish to expose too that you didn't mention, however I know a lot of folks who battle with this too, is oh, and by the method, you can just purchase $1,000 a week. Or you can only buy $500 a week.
As difficult as possible, best, like Coinbase. It 'd take me permanently before I could begin purchasing in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka. I suggest, it's if you keep in mind 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 pack 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, however similar to during that period of time, 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, since I'm always curious to speak to individuals who are, particularly someone like yourself, who's devoted the last, you understand, the bulk of the last few years to actually go both feet in on this. How do you describe cryptocurrency to like a typical individual? That's a fantastic concern.
They're 2 totally different 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 worth is that it is, there's just going to be a minimal amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, verifying the deals on the Bitcoin network. And so if you look at that Bitcoin network, individuals constantly attempt to hack it. But because of the nature of the network, today it's been unhackable. And actually, with present 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 have actually got individuals who have actually own billions of dollars worth of Bitcoin. And they're making that bet because they're saying, "We do not rely on paper currency, you can print an unlimited amount of it. It's really not secure, and the federal government can take it far from you." - Whereas with Bitcoin, right , go ahead.
Yeah. Or individuals that were in Cypress, or just people who have suffered through either run-away inflation, 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 driver for more adoption, because they already don't think in their own currency? Yeah, and I think we have actually already 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 cash." Well yeah, you're right, you've got a steady currency, right? You do not need Bitcoin - Yeah. Therefore there's this whole growing 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 state Ethereum, which a great deal of people understand about Ethereum. Ethereum is essentially a global computer system that you can compose computer system programs for and run computer programs on a globally decentralized computer program.
So we consider something like Ether an energy token, because you're basically purchasing shows power. So I would not really think about 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 imagine 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 kind of this same kind of network result that you have with Bitcoin, where it's like unstoppable kind of thing, since 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 probably energy based, fix? Mm-hmm (affirmative). The majority of the coins that I advise and look at are utility-based. We have a couple of cryptocurrencies, however I believe the real chance depends on the energy coin space.
There's all of these ICOs that were taking place, those decreased a little bit with some changes to a couple of things that was going on, but people are going to come out of the woodwork and start to create utility coins- Correct, yeah. And individuals need to understand that not all energy coins are created equal.
So you have the advantage of dedicating your occupation to this, so you can go out there and do the recon, you can meet the founders, you can check the code, etc. However for an average person, there's now what, over 1,000 various types of coins offered, nearly 1,200 I think. 'Cause usually it'll crash 80% or so - Does the group have experience of executing in an effective way in another location of their life? And it doesn't even need to be straight related to cryptocurrency, it does not have to be even straight associated to software application, right? So, however I desire 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 truly great consultants behind them, I'm most likely not going to give them any money.
Yeah. I think that in marketing in general, my world of organization, we constantly look for issues and how we can fix them. Now, are the problems things that people are trying to solve a part of the Blockchain usually? Or would you state it's better if they're fixing 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 services that, so I'll give you an example.
And the reason that we purchased it is since they found 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 after that on top of that, the man that began it has a performance history of creating computer programs that whole states run their whole operations on, right? So you have actually got fine, the smart person has built substantial computer system programs, terrific team, solving a massive issue that is going to cut huge costs.
I indicate, it does not get any simpler than that in terms of deciding who to put money behind. And a great deal of this prevails sense, and a lot 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 put up my hand, and I say, "I didn't comprehend what you simply stated." Mm-hmm (affirmative).