teeka tiwari crypto projections
teeka tiwari free crypto course
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However scams and little frauds. And there's one thing that a fraud always does: it constantly goes to 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. And that woke something up for me.
Therefore I can't ignore that. I've got to go dig deeper." Therefore I started traveling all around the world. I started going to Bitcoin occasions; I started to speaking to people that were smarter than me in this space. And what I understood is that Blockchain innovation and the execution of Blockchain technology by the Bitcoin network was transformational.
And that, Ryan, is, I can't overstate how enormous that is! The ramifications of that, of having the ability to have data that we do not require to have it separately verified, it's cryptographically validated. That idea can ripple out throughout the whole greater economy. And when that cent dropped, I understood I needed to commit all my professional resources into ending up being a specialist in this area.
And do you believe, I suggest you mentioned something there about not needing 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 lot of folks might not even fully comprehend recognition procedure . We were just speaking about how I'm delegating go to China, to China. And paradise prohibited it's over $10,000, and then suddenly there's other people getting notified about it, like the Internal Revenue Service and things like that. Do you think that the typical folks do not perhaps understand about these processes, so they do not maybe see what you're stating as this development, they don't see it in their everyday life? Or what do you consider that? I think that's real.
It's not as easy as firing up a web browser and going to e-trade. com and pressing a buy button and purchasing it, right? You've got to go to an exchange, you've got to upload your identity files, then you have actually got to wait to get confirmed, and then finally, you can go purchase some Bitcoin.
So, a lot of individuals find that too inconvenient, which's why individuals that are actually making the most amount of cash today in cryptocurrencies are the early adopters: individuals that want to put in possibly the 20 minutes required 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, however gosh, setting up a crypto account is so challenging." What I inform them is I say, "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 know, 20 minutes of a nuisance.
So you can't purchase Bitcoin yet through their trading platform, however 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 envision what will take place to this entire market when purchasing Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform.
Today you pointed out the process that individuals go through, and something I want to expose too that you didn't point out, however I understand a lot of folks who have a hard time with this too, is oh, and by the method, you can just buy $1,000 a week. Or you can only purchase $500 a week.
As difficult as possible, ideal, like Coinbase. It 'd take me forever before I could start purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka. I suggest, 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 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 indicate, we remain in the early days of that technology, but much like during that amount of time, for the folks that had the vision to see where the future was going, and after that bought in on some of these young business, they made an outright fortune.
Mm-hmm (affirmative). And let's take a step back for a 2nd, since I'm constantly curious to speak to individuals who are, especially someone like yourself, who's dedicated the last, you know, the better part of the last couple of years to really go both feet in on this. How do you describe cryptocurrency to like an average individual? That's a terrific question.
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 money. So Bitcoin would be a cryptocurrency. And so what gives it value is that it is, there's only going to be a limited amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, validating the transactions on the Bitcoin network. Therefore if you take a look at that Bitcoin network, individuals constantly try to hack it. However 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 don't trust paper currency, you can print a limitless quantity of it. It's truly not secure, and the federal government can take it away from you." - Whereas with Bitcoin, ideal , go on.
Yeah. Or individuals that were in Cypress, or simply people who have actually suffered through either run-away inflation, or there's a high need for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those countries that could possibly be a catalyst for more adoption, since they currently 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 investors have a difficult time 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 blossoming worldwide need for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins. And utility coins are essentially utilized, let's state Ethereum, which a great deal of people learn about Ethereum. Ethereum is basically a worldwide computer system that you can write computer programs for and run computer system programs on a globally decentralized computer program.
So we think about something like Ether an energy token, because you're basically buying programming power. So I wouldn't actually consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to provide people a concept, like a very easy one that I would picture you 'd called an energy token, resembles FileCoin.
Where the concept is that essentially 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, because it's on so many various areas and. undefined. I don't know the ins and outs of it, but as an example for somebody who might simply be extremely fundamental in their understanding of this, there are numerous different kinds of energies that are available.
And you kind of pointed out having this boots on the ground experience. Now, since we're taking a look at the bulk of these are probably energy based, remedy? Mm-hmm (affirmative). The majority of the coins that I advise and look at are utility-based. We have a couple of cryptocurrencies, but I think the real chance depends on the energy coin area.
There's all of these ICOs that were happening, those slowed down a little bit with some changes to a couple of things that was going on, however individuals are going to come out of the woodwork and start to create energy coins- Correct, yeah. And people need to comprehend that not all utility coins are created equal.
So you have the benefit of committing your occupation to this, so you can go out there and do the reconnaissance, you can meet the founders, you can examine the code, etc. However for an average person, there's now what, over 1,000 different types of coins offered, nearly 1,200 I think. 'Cause typically it'll crash 80% or so - Does the group have experience of executing in an effective manner in another location of their life? And it does not even have to be straight related to cryptocurrency, it doesn't have to be even straight related to software, right? So, however I wish to see a track record of success in something, right? If it's 4 people in a space that are just out of college, unless they have actually got some really good advisors behind them, I'm most likely not going to provide any money.
Yeah. I believe that in marketing in general, my world of service, we continuously look for issues and how we can solve them. Now, are the problems things that people are trying to resolve a part of the Blockchain usually? Or would you state it's much better if they're fixing sort 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 searching for services that, so I'll offer you an example.
And the reason that we purchased it is since they discovered a method to make documents tamper-proof, and it's 99% cheaper than current technology, 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 entire states run their whole operations on, right? So you've got fine, the clever man has actually constructed big computer programs, fantastic group, resolving an enormous issue that is going to cut substantial expenses.
I indicate, it doesn't get any simpler than that in regards to deciding who to put cash behind. And a great deal of this is common sense, and a great deal of folks will try to make things more complicated than it is. And I have an actually easy rule, Ryan. If I don't comprehend something, I set up my hand, and I say, "I didn't understand what you simply stated." Mm-hmm (affirmative).