teeka tiwari scam
by teeka tiwari | november 01, 2017
teeka tiwari july 2018 recommendation
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But scams and little frauds. And there's one thing that a scams constantly does: it always goes to absolutely 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 enormous hack. And that woke something up for me.
Therefore I can't ignore that. I have actually got to go dig much deeper." Therefore I started taking a trip all around the world. I began going to Bitcoin occasions; I began to speaking to individuals 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 massive that is! The ramifications of that, of being able to have data that we don't require to have it independently verified, it's cryptographically verified. That idea can ripple out throughout the entire higher economy. And when that penny dropped, I knew I needed to devote all my expert resources into becoming a specialist in this space.
And do you believe, I indicate you pointed out something there about not having to get a third-party, or intermediary to validate something. Do you feel that part of the reason that this isn't getting as much mass adoption is that a lot of folks might not even fully understand validation process . We were just discussing how I'm delegating go to China, to China. And paradise forbid it's over $10,000, and then suddenly there's other individuals getting alerted about it, like the IRS and things like that. Do you believe that the average folks don't possibly know about these processes, so they don't maybe see what you're stating as this advancement, they do not see it in their everyday life? Or what do you think of that? I believe that's true.
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 have actually got to go to an exchange, you have actually got to submit your identity files, then you've got to wait to get verified, and then finally, you can go buy some Bitcoin.
So, a great deal of people find that too inconvenient, which's why the individuals that are actually making the most amount of money today in cryptocurrencies are the early adopters: people that are ready to put in possibly the 20 minutes required to go through a process which simply takes 5 minutes if you want to set up a brokerage account.
"Oh Teeka, we like your concepts, however gosh, setting up a crypto account is so difficult." What I tell them is I say, "Look, when it's simple 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 actually really getting paid a huge amount of money to go through possibly, you understand, 20 minutes of a pain in the neck.
So you can't buy Bitcoin yet through their trading platform, however it is simply a concern of time, Ryan, before you'll have the ability to buy cryptocurrencies straight through your trading software. And can you envision what will take place to this entire market when purchasing Bitcoin or any cryptocurrency is as easy as shooting up your e-trade, or fidelity tradings platform.
Right now you pointed out the process that people go through, and something I desire to expose too that you didn't mention, however I understand a great deal of folks who deal with this too, is oh, and by the way, you can just purchase $1,000 a week. Or you can just buy $500 a week.
As difficult as possible, right, like Coinbase. It 'd take me permanently before I could start purchasing in size on Coinbase. They're like, well, we'll let you buy $500 a week, Teeka. I mean, it's if you keep in mind 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 load 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 technology, however similar to throughout that time period, for the folks that had the vision to see where the future was going, and after that bought in on a few of these young companies, 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 speak with people who are, particularly somebody like yourself, who's dedicated the last, you know, the lion's share of the last couple of years to truly go both feet in on this. How do you describe cryptocurrency to like a typical person? That's an excellent 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 alternative to cash. So Bitcoin would be a cryptocurrency. Therefore what provides it value is that it is, there's just going to be a limited amount. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, validating the transactions on the Bitcoin network. Therefore if you take a look at that Bitcoin network, individuals continuously try to hack it. However because of the nature of the network, today it's been unhackable. And actually, with present innovation, the Bitcoin network is so huge today, you can't co-opt it, you can't take it over.
Therefore when individuals 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 rely on paper money, you can print an unlimited quantity of it. It's actually not protect, and the federal government can take it far from you." - Whereas with Bitcoin, right , proceed.
Yeah. Or people that remained in Cypress, or simply individuals who have suffered through either run-away inflation, or there's a high demand for, in Argentina for example, high demand for a black market of U.S. dollars. Correct. Are those nations that could possibly be a driver for more adoption, since they already 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 lot of American or Western investors have a tough time getting their head around. They're like, "Well I don't require Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You don't need Bitcoin - undefined. However there are billions of people worldwide that don't have stable currencies.
Yeah. Therefore there's this entire blossoming global demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins. And utility coins are basically used, let's say Ethereum, which a great deal of individuals understand about Ethereum. Ethereum is essentially a worldwide computer system that you can compose computer programs for and run computer system programs on a globally decentralized computer program.
So we consider something like Ether an utility token, since you're basically purchasing programs power. So I would not truly consider Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to offer individuals an idea, like a really easy one that I would picture you 'd called an utility token, resembles FileCoin.
Where the concept is that basically you're hosting files through a peer-based network, and there's kind of this exact same type of network result that you have with Bitcoin, where it resembles unstoppable example, because it's on many various areas and. And you type of discussed having this boots on the ground experience. Now, considering that we're taking a look at the bulk of these are probably energy based, fix? Mm-hmm (affirmative). Many of the coins that I advise and take a look at are utility-based. We have a few cryptocurrencies, but I believe the real opportunity lies in the energy coin area.
There's all of these ICOs that were happening, those slowed down a little bit with some modifications to a couple of things that was going on, but individuals are going to come out of the woodwork and start to produce utility coins- Correct, yeah. And individuals need to understand that not all energy coins are developed equal.
So you have the benefit of devoting your occupation to this, so you can head out there and do the recon, you can fulfill the founders, you can check the code, etc. However for a typical person, there's now what, over 1,000 different types of coins offered, practically 1,200 I believe. 'Cause generally it'll crash 80% approximately - undefined. Which's when we actually start taking a look at the idea in more information. So here are some quick and unclean things that you should look at, right? So, one is, are they fixing a problem that requires to be solved? One of the huge disadvantages with really smart, technical people, is that they like to solve problems that no one appreciates fixing.
Does the group have experience of executing in a successful way in another location of their life? And it doesn't even need to be directly associated to cryptocurrency, it does not need to be even directly associated to software, right? So, but I wish to see a track record of success in something, right? If it's 4 guys in a space that are just out of college, unless they've got some really great consultants behind them, I'm most likely not going to provide them any cash.
Yeah. I think that in marketing in general, my world of service, we constantly search for issues and how we can resolve them. Now, are the problems things that people are attempting to fix a part of the Blockchain usually? Or would you say it's much better if they're fixing 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 searching for solutions that, so I'll provide you an example.
And the factor that we bought it is because they discovered a way to make documents tamper-proof, and it's 99% cheaper than existing technology, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the guy that started it has a performance history of creating computer programs that whole states run their whole operations on, right? So you have actually got fine, the smart guy has constructed big computer programs, excellent group, solving a huge problem that is going to cut big expenses.
I mean, it does not get any simpler than that in terms of deciding 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 comprehend something, I set up my hand, and I say, "I didn't understand what you simply said." Mm-hmm (affirmative).