teeka tiwari scam artist
teeka tiwari q & a
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But frauds and small frauds. And there's something that a fraud always does: it always goes to absolutely no. 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.
And so I can't neglect that. I have actually got to go dig much deeper." Therefore I began traveling all around the world. I started going to Bitcoin occasions; I began to speaking to people that were smarter than me in this area. And what I recognized is that Blockchain technology and the execution of Blockchain technology by the Bitcoin network was transformational.
And that, Ryan, is, I can't overemphasize how huge that is! The implications of that, of being able to have data that we don't require to have it individually verified, it's cryptographically verified. That idea can ripple out throughout the whole greater economy. And when that penny dropped, I understood I had to dedicate all my professional resources into ending up being a specialist in this area.
And do you believe, I mean you discussed something there about not having to get a third-party, or intermediary to verify something. Do you feel that part of the factor that this isn't getting as much mass adoption is that a lot of folks might not even completely comprehend recognition process . We were just talking about how I'm delegating go to China, to China. And paradise prohibited it's over $10,000, and after that suddenly there's other individuals getting notified about it, like the IRS and things like that. Do you believe that the average folks don't maybe learn about these processes, so they don't maybe see what you're stating as this breakthrough, they don't see it in their daily life? Or what do you consider that? I believe that's real.
It's not as simple as shooting up a web internet browser and going to e-trade. com and pressing a buy button and purchasing it, right? You have actually got to go to an exchange, you have actually got to publish your identity documents, then you've got to wait to get verified, and after that lastly, you can go purchase some Bitcoin.
So, a great deal of individuals discover that too bothersome, which's why individuals that are actually making the most amount of cash today in cryptocurrencies are the early adopters: people that want to put in maybe the 20 minutes required to go through a process which simply takes five minutes if you wish to establish a brokerage account.
"Oh Teeka, we love your ideas, however gosh, setting up 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 entire cryptocurrency market will be 10x bigger. So you're in fact truly getting paid a massive amount of money to go through possibly, you understand, 20 minutes of a nuisance.
So you can't buy Bitcoin yet through their trading platform, however it is simply a concern of time, Ryan, prior to you'll be able to purchase cryptocurrencies straight through your trading software application. And can you envision what will happen to this whole marketplace when buying Bitcoin or any cryptocurrency is as easy as firing up your e-trade, or fidelity tradings platform.
Right now you discussed the process that individuals go through, and one thing I desire to bring to light too that you didn't mention, however I know a lot of folks who have problem with this too, is oh, and by the method, you can just purchase $1,000 a week. Or you can only purchase $500 a week.
As hard as possible, best, like Coinbase. It 'd take me permanently prior to I might begin buying in size on Coinbase. They're like, well, we'll let you purchase $500 a week, Teeka. I imply, 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 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 remain in the early days of that technology, but similar to during that duration 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 business, they made an outright fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, due to the fact that I'm always curious to speak to individuals who are, particularly someone like yourself, who's committed the last, you know, the much better part of the last few years to really go both feet in on this. How do you explain cryptocurrency to like an average person? That's a great concern.
They're two completely various things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an alternative to cash. So Bitcoin would be a cryptocurrency. And so what gives it value is that it is, there's just going to be a minimal amount. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, validating the deals on the Bitcoin network. Therefore if you look at that Bitcoin network, people constantly attempt to hack it. But since of the nature of the network, today it's been unhackable. And truly, with existing innovation, 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 individuals who have actually own billions of dollars worth of Bitcoin. And they're making that bet since they're stating, "We don't trust paper cash, you can print an unrestricted amount of it. It's truly not protect, and the government can take it far from you." - Whereas with Bitcoin, ideal , proceed.
Yeah. Or people that were in Cypress, or just individuals who have actually suffered through either run-away inflation, or there's a high demand for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those nations that could potentially be a driver for more adoption, because they already don't think in their own currency? Yeah, and I believe we have actually already seen that.
So yes, and this is a thing that a lot of American or Western investors have a bumpy ride getting their head around. They resemble, "Well I do not require Bitcoin, I have cash." Well yeah, you're right, you've got a stable currency, right? You do not require Bitcoin - Yeah. And so there's this entire growing global need for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins. And energy coins are generally utilized, let's say Ethereum, which a great deal of people know about Ethereum. Ethereum is basically a worldwide computer system that you can write computer programs for and run computer programs on an internationally decentralized computer system program.
So we think about something like Ether an energy token, due to the fact that you're essentially buying shows power. So I wouldn't really consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to provide individuals a concept, like a very easy one that I would envision you 'd called an energy token, is like FileCoin.
Where the idea is that generally you're hosting files through a peer-based network, and there's sort of this same kind of network impact that you have with Bitcoin, where it's like unstoppable kind of thing, since it's on numerous various areas and. And you type of pointed out having this boots on the ground experience. Now, since we're looking at the bulk of these are most likely energy based, fix? Mm-hmm (affirmative). The majority of the coins that I recommend and take a look at are utility-based. We have a couple of cryptocurrencies, but I think the genuine chance lies in the energy coin space.
There's all of these ICOs that were occurring, those slowed down a bit with some changes to a couple of things that was going on, however individuals are going to come out of the woodwork and begin to develop energy coins- Correct, yeah. And people require to understand that not all utility coins are produced equal.
So you have the advantage of devoting your occupation to this, so you can head out there and do the recon, you can meet the founders, you can examine the code, etc. However for an average person, there's now what, over 1,000 various kinds of coins offered, practically 1,200 I think. 'Cause generally it'll crash 80% or so - Does the group have experience of performing in an effective manner in another area of their life? And it does not even have to be straight related to cryptocurrency, it doesn't need to be even straight associated to software application, right? So, however I desire to see a performance history of success in something, right? If it's 4 guys in a room that are simply out of college, unless they have actually got some truly excellent consultants behind them, I'm probably not going to offer them any money.
Yeah. I think that in marketing in general, my world of service, we constantly look for problems and how we can fix them. Now, are the problems things that individuals are attempting to fix a part of the Blockchain generally? Or would you say 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 basically looking for solutions that, so I'll provide you an example.
And the reason that we bought it is due to the fact that they found a way to make files tamper-proof, and it's 99% more affordable than current innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the guy that began it has a performance history of producing computer system programs that whole states run their entire operations on, right? So you have actually got fine, the smart person has actually built huge computer programs, excellent team, fixing a huge problem that is going to cut substantial costs.
I suggest, it does not get any simpler than that in regards to deciding who to put cash behind. And a lot of this is common sense, and a great deal of folks will attempt to make things more complex than it is. And I have a really simple guideline, Ryan. If I don't comprehend something, I installed my hand, and I state, "I didn't understand what you just stated." Mm-hmm (affirmative).