teeka tiwari course review
teeka tiwari pre ipo picks
|
But frauds and little scams. And there's one thing that a scams always does: it constantly 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 massive hack. And that woke something up for me.
And so I can't disregard that. I have actually got to go dig deeper." Therefore I started taking a trip all around the world. I began going to Bitcoin occasions; I started to speaking to individuals that were smarter than me in this area. And what I understood is that Blockchain innovation and the application of Blockchain technology by the Bitcoin network was transformational.
Which, Ryan, is, I can't overemphasize how massive that is! The ramifications of that, of being able to have data that we do not need to have it independently confirmed, it's cryptographically confirmed. That concept can ripple out throughout the whole greater economy. And when that penny dropped, I knew I needed to dedicate all my professional resources into becoming a professional in this space.
And do you think, I indicate you pointed out something there about not needing to get a third-party, or intermediary to verify 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 understand recognition procedure . We were simply speaking about how I'm leaving to go to China, to China. And paradise forbid it's over $10,000, and after that all of a sudden there's other individuals getting notified about it, like the IRS and things like that. Do you believe that the typical folks don't maybe understand about these processes, so they do not perhaps see what you're saying as this development, they don't see it in their daily life? Or what do you think of that? I believe that's 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 publish your identity files, then you've got to wait to get validated, and after that finally, you can go buy some Bitcoin.
So, a great deal of people discover that too troublesome, and that's why the people that are literally making the most amount of money today in cryptocurrencies are the early adopters: people that are prepared to put in perhaps the 20 minutes required to go through a procedure which simply takes five minutes if you wish to set up a brokerage account.
"Oh Teeka, we like your concepts, but gosh, establishing a crypto account is so difficult." What I inform 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 quantity of cash to go through perhaps, you understand, 20 minutes of a discomfort in the neck.
So you can't buy Bitcoin yet through their trading platform, however it is simply a question of time, Ryan, prior to you'll have the ability to purchase cryptocurrencies straight through your trading software application. And can you imagine what will happen to this entire marketplace when purchasing Bitcoin or any cryptocurrency is as easy as firing up your e-trade, or fidelity tradings platform.
Today you discussed the process that people go through, and one thing I wish to bring to light too that you didn't discuss, however I understand a great deal of folks who battle 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 hard as possible, ideal, like Coinbase. It 'd take me forever before I could begin 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 Internet, when we were getting on the Internet, we were doing it with 56k modems, right? I suggest 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 innovation, but just like during that amount of time, for the folks that had the vision to see where the future was going, and after that purchased in on some of these young business, they made an outright fortune.
Mm-hmm (affirmative). And let's take an action back for a 2nd, because I'm constantly curious to speak with individuals who are, especially somebody like yourself, who's dedicated the last, you understand, the lion's share of the last couple of years to really go both feet in on this. How do you describe cryptocurrency to like an average person? That's a terrific question.
They're two 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. And so what provides it worth is that it is, there's only 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, confirming the transactions on the Bitcoin network. Therefore if you look at that Bitcoin network, people continuously attempt to hack it. However due to the fact that of the nature of the network, today it's been unhackable. And truly, with existing 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 literally own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're saying, "We don't trust paper currency, you can print an unlimited amount of it. It's really not protect, and the federal government can take it far from you." - Whereas with Bitcoin, ideal , proceed.
Yeah. Or individuals that remained in Cypress, or just people who have actually suffered through either run-away inflation, or there's a high demand for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those countries that could possibly be a catalyst for more adoption, due to the fact that they already do not believe in their own currency? Yeah, and I think we have actually currently seen that.
So yes, and this is a thing that a great deal of American or Western financiers have a bumpy ride getting their head around. They're like, "Well I do not need Bitcoin, I have cash." Well yeah, you're right, you've got a stable currency, right? You don't require Bitcoin - Yeah. Therefore there's this entire growing international demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's an entire '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 basically an international computer system that you can compose computer system programs for and run computer system programs on a worldwide decentralized computer program.
So we think about something like Ether an utility token, since you're basically purchasing shows 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 offer individuals a concept, like an extremely simple one that I would envision you 'd called an energy token, is like FileCoin.
Where the idea is that basically you're hosting files through a peer-based network, and there's sort of this same type of network effect that you have with Bitcoin, where it resembles unstoppable example, because it's on so many different areas and. And you sort of mentioned having this boots on the ground experience. Now, since we're looking at the bulk of these are probably energy based, fix? Mm-hmm (affirmative). Most of the coins that I recommend and look at are utility-based. We have a few cryptocurrencies, but I believe the real opportunity depends on the utility coin area.
There's all of these ICOs that were occurring, those decreased a little bit with some modifications to a few things that was going on, however people are going to come out of the woodwork and start to develop utility coins- Correct, yeah. And individuals require to comprehend that not all utility coins are created equivalent.
So you have the advantage of devoting your profession to this, so you can go out there and do the reconnaissance, you can satisfy the creators, you can check the code, etc. But for a typical individual, there's now what, over 1,000 different types of coins readily available, nearly 1,200 I believe. 'Cause generally it'll crash 80% or two - Does the team have experience of carrying out in a successful way in another location of their life? And it does not even have to be directly associated to cryptocurrency, it doesn't need to be even straight related to software application, right? So, but I desire to see a track record of success in something, right? If it's 4 men in a room that are simply out of college, unless they've got some actually good advisors behind them, I'm most likely not going to provide any cash.
Yeah. I believe that in marketing in basic, my world of organization, we constantly search for issues and how we can resolve them. Now, are the issues things that people are attempting to solve a part of the Blockchain typically? Or would you state it's better if they're fixing kind 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 trying to find services that, so I'll provide you an example.
And the factor that we purchased it is due to the fact that they found a way to make files tamper-proof, and it's 99% cheaper than present technology, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the guy that began it has a performance history of developing computer system programs that entire states run their whole operations on, right? So you have actually got alright, the smart person has actually developed big computer programs, fantastic group, fixing a huge issue that is going to cut substantial costs.
I imply, it does not get any simpler than that in terms of choosing who to put cash behind. And a great deal of this prevails 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 understand something, I put up my hand, and I state, "I didn't comprehend what you simply stated." Mm-hmm (affirmative).