teeka tiwari scammer
teeka tiwari 2018 prediction
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But scams and small frauds. And there's something that a scams constantly does: it always goes to zero. However Bitcoin didn't. Bitcoin still had a multi-billion dollar net worth, even after crashing, even after all the problem came out. The enormous hack. And that woke something up for me.
Therefore I can't neglect that. I've got to go dig much deeper." Therefore I started traveling all around the world. I began going to Bitcoin events; I began to speaking with people that were smarter than me in this area. And what I recognized is that Blockchain innovation and the execution of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how enormous that is! The implications of that, of being able to have data that we don't need 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 understood I needed to dedicate all my professional resources into becoming a specialist in this space.
And do you think, I suggest you mentioned something there about not having to get a third-party, or intermediary to verify something. Do you feel that part of the reason that this isn't getting as much mass adoption is that a great deal of folks may not even fully understand recognition process . We were just discussing how I'm leaving to go to China, to China. And heaven prohibited it's over $10,000, and after that suddenly there's other individuals getting informed about it, like the Internal Revenue Service and things like that. Do you think that the average folks do not maybe understand about these procedures, so they do not perhaps see what you're stating as this development, they do not see it in their daily life? Or what do you believe about that? I believe that holds true.
It's not as easy as shooting 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 upload your identity documents, then you have actually got to wait to get validated, and after that finally, you can go purchase some Bitcoin.
So, a lot of people find that too troublesome, which'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 needed to go through a procedure which simply takes 5 minutes if you want to set up a brokerage account.
"Oh Teeka, we love your concepts, but gosh, establishing a crypto account is so challenging." 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 entire cryptocurrency market will be 10x larger. So you're actually truly earning money 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, but it is simply a question of time, Ryan, before you'll be able to buy cryptocurrencies directly through your trading software. And can you picture what will take place to this whole market when purchasing Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform.
Right now you discussed the process that people go through, and one thing I desire to bring to light too that you didn't discuss, but I know a great deal of folks who deal with this too, is oh, and by the way, you can only buy $1,000 a week. Or you can only purchase $500 a week.
As difficult as possible, best, like Coinbase. It 'd take me permanently before I could start purchasing in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka. I mean, 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 load 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 technology, however similar to during 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 an action back for a 2nd, due to the fact that I'm constantly curious to talk with people who are, especially somebody like yourself, who's committed the last, you know, the bulk of the last couple of years to really go both feet in on this. How do you describe cryptocurrency to like a typical individual? That's a terrific concern.
They're two absolutely different 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 provides it value is that it is, there's only going to be a restricted amount. There'll never be more than 21 million Bitcoin.
There are billions of dollars worth of computers, confirming the transactions on the Bitcoin network. Therefore if you take a look at that Bitcoin network, people continuously attempt to hack it. However because of the nature of the network, today it's been unhackable. And actually, with existing technology, the Bitcoin network is so huge today, 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 because they're saying, "We do not trust paper currency, you can print an unlimited quantity of it. It's actually not secure, and the government can take it away from you." - Whereas with Bitcoin, best , go on.
Yeah. Or individuals that were in Cypress, or just individuals who have actually 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 possibly be a catalyst for more adoption, since they currently do not believe 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 need Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You don't require Bitcoin - undefined. However there are billions of individuals on the planet that do not have stable currencies.
Yeah. Therefore there's this entire growing worldwide need 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 lot of people learn about Ethereum. Ethereum is basically a worldwide computer system that you can compose computer programs for and run computer system programs on a globally decentralized computer system program.
So we think about something like Ether an utility token, due to the fact that you're essentially purchasing programming power. So I would not actually consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to provide individuals an idea, like an extremely 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 type 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 locations and. And you type of mentioned having this boots on the ground experience. Now, since we're looking at the bulk of these are most likely energy based, remedy? Mm-hmm (affirmative). Many of the coins that I suggest and look at are utility-based. We have a few cryptocurrencies, however I believe the real chance lies in the energy coin area.
There's all of these ICOs that were occurring, those slowed down a bit with some modifications to a couple of things that was going on, however individuals are going to come out of the woodwork and start to develop energy coins- Correct, yeah. And individuals require to comprehend that not all utility coins are produced equivalent.
So you have the advantage of committing your occupation to this, so you can go out there and do the reconnaissance, you can fulfill the creators, you can inspect the code, etc. But for a typical person, there's now what, over 1,000 different kinds of coins readily available, nearly 1,200 I believe. 'Cause generally it'll crash 80% or so - Does the group have experience of carrying out in a successful way in another area of their life? And it does not even have to be straight associated to cryptocurrency, it doesn't have 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 simply out of college, unless they have actually got some really great advisors behind them, I'm probably not going to provide any cash.
Yeah. I believe that in marketing in basic, my world of organization, we continuously search for problems and how we can resolve them. Now, are the issues things that people are trying to fix a part of the Blockchain generally? 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 basically looking for solutions that, so I'll offer you an example.
And the factor that we bought it is because they found a way to make files tamper-proof, and it's 99% more affordable than existing technology, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the person that started it has a performance history of producing computer programs that entire states run their whole operations on, right? So you've got fine, the clever guy has developed big computer system programs, great team, solving an enormous issue that is going to cut huge expenses.
I suggest, it doesn't get any simpler than that in regards to choosing who to put money behind. And a great deal of this is typical sense, and a great deal of folks will try to make things more complex than it is. And I have a truly easy rule, Ryan. If I don't comprehend something, I put up my hand, and I state, "I didn't understand what you simply stated." Mm-hmm (affirmative).