teeka tiwari 2019
teeka tiwari top 5 coins revealed forum 2019
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But frauds and little frauds. And there's one thing that a fraud 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 bad news came out. The huge hack. And that woke something up for me.
And so I can't overlook that. I've got to go dig much deeper." And so I started taking a trip all around the world. I started going to Bitcoin events; I started to speaking with individuals that were smarter than me in this space. And what I realized is that Blockchain technology and the application of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how huge that is! The ramifications of that, of being able to have data that we don't require to have it individually validated, it's cryptographically verified. That idea can ripple out throughout the whole greater economy. And when that penny dropped, I understood I needed to commit all my expert resources into ending up being a specialist in this space.
And do you believe, I imply 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 may not even completely comprehend validation process . We were just speaking about how I'm leaving to go to China, to China. And heaven forbid it's over $10,000, and then suddenly there's other individuals getting informed about it, like the IRS and things like that. Do you believe that the typical folks do not maybe learn about these processes, so they do not maybe see what you're saying as this breakthrough, they do not see it in their daily life? Or what do you consider 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 pushing a buy button and purchasing it, right? You have actually got to go to an exchange, you've got to publish your identity files, then you have actually got to wait to get verified, and then finally, you can go purchase some Bitcoin.
So, a lot of people find that too inconvenient, and that's why individuals that are literally making the most amount of money today in cryptocurrencies are the early adopters: people that want to put in possibly the 20 minutes required to go through a procedure which simply takes five minutes if you desire to establish a brokerage account.
"Oh Teeka, we love your ideas, however gosh, setting up a crypto account is so difficult." 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 actually truly earning money a massive quantity 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 simply a concern of time, Ryan, prior to you'll be able to buy cryptocurrencies directly through your trading software. And can you envision what will happen to this whole marketplace when buying Bitcoin or any cryptocurrency is as easy as shooting up your e-trade, or fidelity tradings platform.
Right now you mentioned the process that individuals go through, and one thing I wish to expose too that you didn't point out, but I understand a lot of folks who struggle with this too, is oh, and by the way, you can only purchase $1,000 a week. Or you can only buy $500 a week.
As hard as possible, right, like Coinbase. It 'd take me permanently before I might start purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka. I imply, it's if you keep in mind the early days of the Web, when we were getting on the Internet, we were doing it with 56k modems, right? I indicate it would take 20 minutes to fill 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, however much like throughout that amount of time, for the folks that had the vision to see where the future was going, and after that purchased in on a few of these young business, they made an absolute fortune.
Mm-hmm (affirmative). And let's take a step back for a 2nd, due to the fact that I'm always curious to speak with people who are, particularly somebody like yourself, who's devoted 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 an average person? That's a terrific concern.
They're 2 completely different things, however 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 offers it value is that it is, there's only going to be a restricted quantity. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, validating the transactions on the Bitcoin network. And so if you take a look at that Bitcoin network, individuals continuously try to hack it. However due to the fact that of the nature of the network, today it's been unhackable. And really, with present innovation, the Bitcoin network is so big today, you can't co-opt it, you can't take it over.
Therefore when people put, you've got individuals who have literally own billions of dollars worth of Bitcoin. And they're making that bet since they're saying, "We do not trust paper currency, you can print an endless amount of it. It's really not protect, and the government can take it away from you." - Whereas with Bitcoin, right , go ahead.
Yeah. Or people that remained in Cypress, or just people who have suffered through either hyperinflation, or there's a high need for, in Argentina for instance, high demand for a black market of U.S. dollars. Correct. Are those countries that could possibly be a driver for more adoption, because they already don't believe in their own currency? Yeah, and I believe we've already seen that.
So yes, and this is a thing that a lot of American or Western financiers have a tough time getting their head around. They're like, "Well I do not require 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 entire growing worldwide demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's an entire 'nother coin called utility coins. And utility coins are essentially used, let's say Ethereum, which a lot of individuals understand about Ethereum. Ethereum is basically an international computer system that you can compose computer system programs for and run computer programs on a worldwide decentralized computer system program.
So we consider something like Ether an utility token, since you're essentially purchasing shows power. So I wouldn't truly think about Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to offer people a concept, like an extremely simple one that I would envision you 'd called an utility token, resembles FileCoin.
Where the idea is that essentially you're hosting files through a peer-based network, and there's kind of this very same type of network impact that you have with Bitcoin, where it's like unstoppable kind of thing, because it's on a lot of various locations and. undefined. I don't know the ins and outs of it, but as an example for someone who might simply be extremely standard in their understanding of this, there are numerous various types of utilities that are offered.
And you sort of pointed out having this boots on the ground experience. Now, since we're taking a look at the bulk of these are most likely utility based, fix? Mm-hmm (affirmative). The majority of the coins that I suggest and look at are utility-based. We have a few 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 little bit with some modifications to a few things that was going on, however individuals are going to come out of the woodwork and begin to develop utility coins- Correct, yeah. And people need to understand that not all energy coins are created equal.
So you have the advantage of committing your profession to this, so you can go out there and do the reconnaissance, you can satisfy the founders, you can check the code, and so on. However for an average individual, there's now what, over 1,000 different kinds of coins readily available, nearly 1,200 I believe. 'Cause typically it'll crash 80% or two - Does the team have experience of performing in an effective way in another area of their life? And it doesn't even need to be straight related to cryptocurrency, it doesn't have to be even straight related to software application, right? So, however I wish 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 have actually got some actually excellent advisors behind them, I'm probably not going to provide them any money.
Yeah. I believe that in marketing in basic, my world of business, we constantly try to find problems and how we can resolve them. Now, are the problems things that people are trying to solve a part of the Blockchain normally? Or would you state it's much better if they're solving type 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 generally 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 documents 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 man that started it has a performance history of developing computer system programs that entire states run their whole operations on, right? So you've got alright, the smart guy has actually built huge computer system programs, excellent group, fixing a massive problem that is going to cut huge expenses.
I mean, it doesn't get any easier than that in regards to deciding who to put cash behind. And a lot of this prevails sense, and a great deal of folks will try to make things more complicated than it is. And I have an actually simple rule, Ryan. If I do not comprehend something, I put up my hand, and I state, "I didn't understand what you just stated." Mm-hmm (affirmative).