teeka tiwari cryptocurrency master course review
palm beach letter teeka tiwari "email"
|
However frauds and little scams. And there's one thing that a fraud constantly 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 huge hack. And that woke something up for me.
Therefore I can't ignore that. I have actually got to go dig deeper." Therefore I started traveling all around the world. I started going to Bitcoin events; I began to speaking with individuals that were smarter than me in this area. And what I understood is that Blockchain innovation and the implementation of Blockchain technology by the Bitcoin network was transformational.
And that, Ryan, is, I can't overemphasize how massive that is! The implications of that, of having the ability to have data that we do not need to have it individually verified, it's cryptographically verified. That idea can ripple out throughout the whole higher economy. And when that penny dropped, I understood I needed to devote all my professional resources into ending up being a specialist in this area.
And do you believe, I imply you pointed out 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 great deal of folks might not even totally understand recognition procedure . undefined.
We were just discussing how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and after that all of an abrupt there's other people getting informed about it, like the IRS and things like that. Do you think that the average folks do not perhaps learn about these processes, so they do not perhaps see what you're saying as this advancement, they do not see it in their everyday life? Or what do you think about that? I believe 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 have actually got to go to an exchange, you've got to submit your identity files, then you have actually got to wait to get validated, and then finally, you can go purchase some Bitcoin.
So, a lot of people find that too inconvenient, and that's why the people that are actually making the most amount of money right now in cryptocurrencies are the early adopters: people that are ready to put in maybe the 20 minutes needed to go through a process which just takes 5 minutes if you wish to set up a brokerage account.
"Oh Teeka, we enjoy your concepts, however 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 in fact truly making money an enormous amount of cash to go through maybe, you understand, 20 minutes of a headache.
So you can't buy Bitcoin yet through their trading platform, but it is just a concern of time, Ryan, prior to you'll have the ability to buy 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 pointed out the procedure that people go through, and one thing I desire to bring to light too that you didn't mention, but I know a great deal of folks who struggle with this too, is oh, and by the method, you can only purchase $1,000 a week. Or you can only purchase $500 a week.
As tough as possible, right, like Coinbase. It 'd take me permanently prior to I could start buying in size on Coinbase. They're like, 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 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're in the early days of that innovation, but similar to during that time period, 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 a step back for a second, due to the fact that I'm always curious to talk with individuals who are, specifically somebody like yourself, who's devoted the last, you understand, the much better part of the last few years to truly go both feet in on this. How do you explain cryptocurrency to like a typical person? That's a terrific concern.
They're 2 totally various things, however 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. Therefore what provides it value is that it is, there's only going to be a minimal amount. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, verifying the deals on the Bitcoin network. Therefore if you look at that Bitcoin network, individuals constantly attempt to hack it. But since of the nature of the network, today it's been unhackable. And actually, with existing innovation, the Bitcoin network is so big right now, you can't co-opt it, you can't take it over.
And so when people put, you have actually got individuals who have actually own billions of dollars worth of Bitcoin. And they're making that bet since they're stating, "We do not trust paper money, you can print an endless quantity of it. It's really not protect, and the federal government can take it far from you." - Whereas with Bitcoin, ideal , proceed.
Yeah. Or people that were in Cypress, or simply people who have suffered through either devaluation, or there's a high need for, in Argentina for example, high demand for a black market of U.S. dollars. Correct. Are those nations that could potentially be a catalyst for more adoption, because they already don't think in their own currency? Yeah, and I think we've already seen that.
So yes, and this is a thing that a lot of American or Western investors have a difficult time 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 stable currency, right? You don't need Bitcoin - Yeah. And so there's this whole growing worldwide need for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins. And utility coins are generally utilized, let's state Ethereum, which a lot of people know about Ethereum. Ethereum is basically a global 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, since you're basically buying programs power. So I would not truly 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 simple one that I would envision you 'd called an energy token, is like FileCoin.
Where the idea 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 resembles unstoppable kind of thing, due to the fact that it's on many different areas and. And you type of mentioned having this boots on the ground experience. Now, given that we're looking at the bulk of these are probably utility based, correct? Mm-hmm (affirmative). Most of the coins that I advise and look at are utility-based. We have a few cryptocurrencies, however I believe the genuine opportunity depends on the utility coin area.
There's all of these ICOs that were happening, those decreased a little bit with some modifications to a few things that was going on, however individuals are going to come out of the woodwork and start to create utility coins- Correct, yeah. And people need to comprehend that not all utility coins are created equal.
So you have the advantage of devoting your occupation to this, so you can go out there and do the reconnaissance, you can meet the founders, you can check the code, and so on. But for a typical individual, there's now what, over 1,000 various types of coins readily available, nearly 1,200 I think. 'Cause usually it'll crash 80% approximately - Does the team have experience of executing in a successful way 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 directly associated to software, right? So, but I desire to see a track record of success in something, right? If it's four people in a space that are just out of college, unless they have actually got some truly good advisors behind them, I'm most likely not going to provide any money.
Yeah. I think that in marketing in general, my world of company, we constantly look for issues and how we can resolve them. Now, are the problems things that people are attempting to solve a part of the Blockchain normally? Or would you state it's much better if they're resolving kind 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 basically searching for options that, so I'll give you an example.
And the factor that we purchased it is because they found a way to make files tamper-proof, and it's 99% more affordable than existing innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the person that started it has a performance history of developing computer programs that entire states run their whole operations on, right? So you've got all right, the clever person has built huge computer system programs, great team, resolving an enormous problem that is going to cut big costs.
I suggest, it does not get any simpler than that in terms of choosing who to put money behind. And a lot of this prevails sense, and a great deal of folks will try to make things more complex than it is. And I have a really easy guideline, Ryan. If I don't understand something, I put up my hand, and I state, "I didn't comprehend what you simply said." Mm-hmm (affirmative).