reviews on teeka tiwari on algorithm system
max keiser and teeka tiwari webinar
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But frauds and little frauds. And there's something that a fraud constantly 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 massive hack. Which woke something up for me.
And so I can't overlook that. I've got to go dig deeper." Therefore I started traveling all around the world. I began going to Bitcoin occasions; I began to speaking to people that were smarter than me in this area. And what I understood is that Blockchain technology and the implementation of Blockchain innovation by the Bitcoin network was transformational.
And that, Ryan, is, I can't overstate how massive that is! The ramifications of that, of being able to have information that we don't need to have it separately verified, it's cryptographically verified. That idea can ripple out throughout the whole greater economy. And when that penny dropped, I understood I needed to dedicate all my expert resources into becoming an expert in this area.
And do you think, I indicate you mentioned something there about not having to get a third-party, or intermediary to confirm 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 totally comprehend recognition procedure . We were just discussing how I'm leaving to go to China, to China. And paradise forbid it's over $10,000, and after that suddenly there's other individuals getting notified about it, like the IRS 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 advancement, they do not see it in their everyday life? Or what do you consider that? I think 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 upload your identity files, then you have actually got to wait to get verified, and then lastly, you can go buy some Bitcoin.
So, a lot of people discover that too troublesome, which's why the people that are literally making the most amount of cash right now in cryptocurrencies are the early adopters: individuals that are ready to put in perhaps the 20 minutes needed to go through a process which simply takes 5 minutes if you wish to set up a brokerage account.
"Oh Teeka, we like your ideas, however gosh, establishing a crypto account is so challenging." What I tell them is I state, "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 larger. So you're in fact truly getting paid a massive quantity of money to go through maybe, you know, 20 minutes of a headache.
So you can't buy Bitcoin yet through their trading platform, however it is simply a concern of time, Ryan, prior to you'll be able to purchase cryptocurrencies directly through your trading software application. And can you imagine what will take place to this whole market when buying Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform.
Right now you mentioned the procedure that individuals go through, and one thing I want to expose too that you didn't mention, but I understand a lot of folks who battle 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 hard as possible, best, like Coinbase. It 'd take me permanently prior to I might start purchasing in size on Coinbase. They're like, well, we'll let you purchase $500 a week, Teeka. I mean, it's if you remember the early days of the Web, when we were getting on the Web, we were doing it with 56k modems, right? I imply 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 mean, we're in the early days of that technology, but similar to throughout 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 companies, they made an absolute fortune.
Mm-hmm (affirmative). And let's take an action back for a second, because I'm always curious to speak to people who are, specifically somebody like yourself, who's dedicated the last, you understand, the lion's share of the last few years to really go both feet in on this. How do you explain cryptocurrency to like an average person? That's a terrific concern.
They're two completely various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an alternative to money. So Bitcoin would be a cryptocurrency. Therefore what gives it worth is that it is, there's just going to be a minimal amount. There'll never ever be more than 21 million Bitcoin.
There are billions of dollars worth of computer systems, verifying the transactions on the Bitcoin network. Therefore if you look at that Bitcoin network, people constantly attempt to hack it. However since of the nature of the network, today it's been unhackable. And truly, with present technology, the Bitcoin network is so huge today, you can't co-opt it, you can't take it over.
And so when individuals put, you've got people who have actually own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're stating, "We don't trust fiat money, you can print an unlimited amount of it. It's actually not secure, and the federal government can take it far from you." - Whereas with Bitcoin, right , proceed.
Yeah. Or individuals that were 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 countries that could possibly be a catalyst for more adoption, since they already don't 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'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 - Yeah. Therefore there's this entire growing global demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins. And utility coins are generally utilized, let's say Ethereum, which a lot of people learn about Ethereum. Ethereum is basically a global computer that you can compose computer system programs for and run computer programs on a worldwide decentralized computer program.
So we think about something like Ether an utility token, due to the fact that you're essentially purchasing programs power. So I wouldn't actually think about 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 easy one that I would imagine you 'd called an energy token, resembles FileCoin.
Where the concept is that basically 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 resembles unstoppable example, since it's on so many different areas and. And you type of pointed out having this boots on the ground experience. Now, given that we're looking at the bulk of these are most likely utility based, fix? Mm-hmm (affirmative). Many of the coins that I suggest and look at are utility-based. We have a few cryptocurrencies, but I think the real opportunity lies in the energy coin area.
There's all of these ICOs that were happening, those decreased a little bit with some changes 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 individuals need to comprehend that not all utility coins are produced equivalent.
So you have the benefit of devoting your occupation to this, so you can go out there and do the recon, you can satisfy the creators, you can examine the code, and so on. However for a typical individual, there's now what, over 1,000 various types of coins available, practically 1,200 I believe. 'Cause usually it'll crash 80% approximately - undefined. Which's when we truly begin taking a look at the concept in more detail. So here are some fast and filthy things that you should take a look at, right? So, one is, are they resolving an issue that needs to be fixed? One of the big drawbacks with very wise, technical people, is that they like to fix problems that no one cares about resolving.
Does the team have experience of carrying out in an effective way in another location of their life? And it doesn't even have to be directly associated to cryptocurrency, it doesn't need to be even straight related to software, right? So, however I desire to see a track record of success in something, right? If it's 4 guys in a room that are simply out of college, unless they have actually got some actually great consultants behind them, I'm most likely not going to provide any money.
Yeah. I think that in marketing in general, 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 usually? Or would you say it's better if they're fixing sort of a mass issue? 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 offer you an example.
And the reason that we purchased it is because they discovered a method 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 after that on top of that, the man that started it has a performance history of developing computer system programs that entire states run their entire operations on, right? So you have actually got all right, the smart person has actually developed substantial computer system programs, excellent group, resolving a huge issue that is going to cut substantial expenses.
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 attempt to make things more complicated than it is. And I have a truly simple guideline, Ryan. If I do not comprehend something, I put up my hand, and I say, "I didn't understand what you simply stated." Mm-hmm (affirmative).