the etf master trader with teeka tiwari
cbd investment teeka tiwari
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However scams and little scams. And there's one thing that a scams always does: it constantly goes to 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 huge hack. Which woke something up for me.
And so I can't neglect that. I have actually got to go dig much deeper." Therefore I started taking a trip all around the world. I started going to Bitcoin events; I began to talking to individuals that were smarter than me in this space. And what I realized is that Blockchain technology and the execution of Blockchain technology by the Bitcoin network was transformational.
And that, Ryan, is, I can't overstate how massive that is! The ramifications of that, of having the ability to have information that we don't need to have it independently confirmed, it's cryptographically confirmed. That concept can ripple out throughout the entire higher economy. And when that cent dropped, I understood I had to dedicate all my expert resources into ending up being an expert in this area.
And do you think, I suggest you discussed 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 may not even fully understand recognition process . We were just talking about how I'm delegating go to China, to China. And heaven prohibited it's over $10,000, and then suddenly there's other individuals getting notified about it, like the Internal Revenue Service and things like that. Do you think that the typical folks don't possibly understand about these procedures, so they don't possibly see what you're saying as this advancement, they do not see it in their daily life? Or what do you consider that? I believe that's true.
It's not as simple as shooting up a web 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 documents, then you have actually got to wait to get verified, and then lastly, you can go buy some Bitcoin.
So, a great deal of people discover that too troublesome, which's why the people that are actually 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 5 minutes if you wish to set up a brokerage account.
"Oh Teeka, we love your concepts, however gosh, setting up a crypto account is so challenging." What I inform 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 really making money an enormous quantity 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, but it is simply a concern of time, Ryan, prior to you'll have the ability to purchase cryptocurrencies straight through your trading software. And can you envision what will occur to this entire marketplace when purchasing Bitcoin or any cryptocurrency is as simple as shooting up your e-trade, or fidelity tradings platform.
Right now you discussed the procedure that people go through, and something I wish to bring to light too that you didn't discuss, however I know a great deal of folks who fight with this too, is oh, and by the method, you can only purchase $1,000 a week. Or you can just buy $500 a week.
As difficult as possible, right, like Coinbase. It 'd take me forever prior to I could begin purchasing in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka. I imply, 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 pack a page.
Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I mean, we remain in the early days of that innovation, however just like during that period of time, for the folks that had the vision to see where the future was going, and then purchased in on some of these young companies, they made an absolute fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, since I'm always curious to talk to individuals who are, particularly somebody like yourself, who's committed the last, you understand, the better part of the last couple of years to actually go both feet in on this. How do you explain cryptocurrency to like a typical person? That's a fantastic concern.
They're two totally 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. And so what provides it value is that it is, there's only going to be a limited 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 take a look at that Bitcoin network, individuals 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 innovation, the Bitcoin network is so big today, you can't co-opt it, you can't take it over.
And so when people put, you've got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet because they're stating, "We do not rely on fiat money, you can print an unrestricted quantity of it. It's actually not protect, and the government can take it far from you." - Whereas with Bitcoin, ideal , go on.
Yeah. Or people that remained 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 nations that could potentially be a catalyst for more adoption, due to the fact that they already do not believe in their own currency? Yeah, and I think we've already seen that.
So yes, and this is a thing that a great deal of American or Western investors have a difficult time getting their head around. They resemble, "Well I don't 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 utility coins are generally utilized, let's say Ethereum, which a great deal of people learn about Ethereum. Ethereum is basically an international 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 utility token, because you're basically purchasing programs power. So I wouldn't truly consider Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to offer people an idea, like a really easy one that I would envision you 'd called an energy 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 very same kind of network result that you have with Bitcoin, where it's like unstoppable example, since it's on many various areas and. And you kind of mentioned having this boots on the ground experience. Now, since we're looking at the bulk of these are most likely energy based, remedy? Mm-hmm (affirmative). Most of the coins that I recommend and take a look at are utility-based. We have a couple of cryptocurrencies, however I believe the genuine opportunity depends on the energy coin space.
There's all of these ICOs that were taking place, those slowed down 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 begin to produce energy coins- Correct, yeah. And individuals need to comprehend that not all energy coins are created equal.
So you have the advantage of dedicating your profession to this, so you can head out there and do the recon, you can fulfill the founders, you can check the code, and so on. But for a typical individual, there's now what, over 1,000 different kinds of coins available, almost 1,200 I think. 'Cause normally it'll crash 80% or so - Does the team have experience of carrying out in a successful manner in another area of their life? And it does not even need to be straight related to cryptocurrency, it doesn't need to be even directly related to software, right? So, but I desire to see a performance history of success in something, right? If it's 4 men in a room that are just out of college, unless they've got some really excellent consultants behind them, I'm most likely not going to offer them any cash.
Yeah. I think that in marketing in general, my world of business, we constantly search for problems and how we can solve them. Now, are the issues things that people are attempting to fix a part of the Blockchain typically? Or would you state it's better if they're fixing type 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 basically searching for services that, so I'll offer you an example.
And the factor that we purchased it is because they discovered a method to make documents tamper-proof, and it's 99% cheaper 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 track record of producing computer system programs that whole states run their whole operations on, right? So you have actually got okay, the smart man has actually developed big computer system programs, fantastic group, fixing an enormous issue that is going to cut big costs.
I imply, it doesn't get any simpler than that in regards to deciding who to put money behind. And a lot of this is common sense, and a lot of folks will attempt to make things more complex than it is. And I have a truly easy rule, Ryan. If I don't comprehend something, I put up my hand, and I say, "I didn't comprehend what you just said." Mm-hmm (affirmative).