Bitcoin was founded in 2008 by satoshi nakamoto.
He published a proof of concept which was then published to a crypto currency mailing list in 2009.
Nakamoto left the project in 2010 and then dissapeared.

The first transaction involving bitcoin was reported on May 22, 2010, when a programmer identified as Laszlo Hanyecz said he "successfully traded 10,000 bitcoins for pizza." As of Nov. 28, 2017, 10,000 bitcoins are worth about $99 million.

While it may not seem like it, people continue to use bitcoins to buy stuff. The largest businesses to accept the cryptocurrency include Overstock.com, Expedia, Newegg and Dish.


At one point, the U.S. government was one of the largest holders of bitcoin. In 2013, after the FBI shut down Silk Road, a darknet site where people could buy drugs and other illicit goods and services, it took over bitcoin wallets controlled by the site, one of which held 144,000 bitcoins. Investors have been making a killing by bidding on government-seized bitcoins.

In early 2014, Bitcoin suffered a devastating loss after the alleged hacking of Mt. Gox, a Japanese exchange. About $460 million of the currency (in 2014 value) was stolen. It was the largest loss of bitcoins ever and raised concerns about how secure the currency was.

Warren Buffett, perhaps the most famous investor in the world, was not so keen on Bitcoin one of the only times he addressed the currency. "Stay away from it. It's a mirage, basically," he told CNBC. "The idea that it has some huge intrinsic value is a joke in my view."

Fellow billionaire investor Jamie Dimon, chief executive of JPMorgan Chase, had even stronger words about Bitcoin: “You can’t have a business where people are going to invent a currency out of thin air. It won’t end well … someone is going to get killed and then the government is going to come down on it.”


August 2017, Fidelity Investments became a rare standout among financial institutions in embracing Bitcoin and other cryptocurrencies. The company allows its clients to use the Fidelity website to view their bitcoin holdings held through digital wallet provider Coinbase. "This is an experiment in the spirit of learning what these crypto assets are like and how our customers may want to interact with them," Hadley Stern, senior vice president and managing director at Fidelity Labs, told Reuters.

If you want to get rich i would suggest picking good projects with the likelyhood to be succesfull and not just chasing pumpcoins waiting for their moment to shine for an hour

What would you suggest if i may ask?

I would like to share this with you.

It’s true the best things in life are often the ones that are the hardest to accomplish. In my experience the most rewarding events were the ones that tested my belief in me and what I could accomplish. It’s through the most grueling of challenges we gain the most satisfaction when reflecting back on our memories of our journey and how we transformed. Growth is inevitable; we can do it solely on a physical level or we can decide to grow mentally and emotionally.

The military is notorious for taking in young, undisciplined, unfocused people and transforming them into disciplined, compassionate leaders in our society. The physical and mental methods used test one’s beliefs in themselves and their peers, building a stronger more confident version of themselves. There are many stages to this transformation that builds principled leaders who are willing to commit and sacrifice to an idea bigger than themselves.

I will walk you through three lessons I learned while enduring the mental and physical tests that military training provides the participants. These lessons helped me cope with my journey to become a better leader and I apply them every day when participating in the blockchain ecosystem.

Embrace the Suck

This is probably the most important lesson you can learn to cope with, getting out of your comfort zone and leaving the support system that you had prior to embarking on your journey to growth and becoming a stronger member of society. To embrace the suck is to fully understand that your circumstances are temporary, and you are going through a test that will only last as long as you allow it. In essence by embracing the suck you take control of your emotions and trust in your own abilities.

As a cadet in advanced camp training this technique was used on road marches that would seem to last forever. I found that as soon as I accepted where I was and the fact that I would be there for a short period of time no matter how sleep deprived I was there would be an end and better days ahead. When you give in and forget the million things that would be easier to do you start to have fun and live in the present. So how does this lesson apply to participating in and investing in blockchain technology? Well the technology is in its infancy and there is constantly news coming out both good and bad.

As a believer in the future this technology promises, I’m also an avid consumer of the latest news cycle concerning the technology. This can cause a less focused mind to wander, getting caught up in the Fear Uncertainty and Doubt (FUD) cycles that surround the industry, or the euphoric Fear of Missing Out (FOMO) cycles. News of regulation and government crackdown often threatens the ecosystem since most enthusiasts are hooked on the news cycle like I am. The reaction is knee jerk and price fluctuations that follow are bi-directional. Embracing the suck has been a leading technique I use to stay focused on the long-term potential of the technology and stay out of the FUD and FOMO cycles that are so prevalent.

Be Flexible and Adapt

The next lesson military training teaches you that you can apply to the bipolar world of digital ledger technology/blockchain (DLT/BC) is the realization that only you decide how to interpret the data and how it applies to your situation. Believe in yourself and your abilities! The world is complex and constantly evolving much like military training exercises. You start with a plan, then you receive new data and you must act on that new data. Your actions are determined by your interpretation of that data and how it applies to your situation on the ground.

I can recall a training exercise in Germany where as a tank platoon leader I had to pivot from the commander’s original plan to save my platoon from the opposing force (OPFOR).  The OPFOR had moved away from their dug-in positions, highlighted by our intel report, and gone on the offensive. Recognizing this fact, I had to change my platoon’s tactics in order to reach our objective and fulfill the commander’s intent. That’s the good thing about plans in the military; it’s understood that they never go exactly as planned.

So applying this lesson to DLT/BC investing and development is very easy. Markets don’t always greet news the way one would expect and technology does not always roll out seamlessly. In an emerging market, one must expect things to go awry on occasion, but to plot out the best course of action you must collect data and understand the big picture or as in the military the commander’s intent. As more people move into the DLT/BC space new ideas and information are introduced and our data points further expand, it is important to keep an eye on the strategic picture and maintain a laser focused on project or investment goals.

Stay Hungry and Humble

In armor Officer Basic Course (OBC) my class was told by seasoned non-commissioned officers (NCO) that the greatest asset we would take to our units on day one was enthusiasm and desire to learn. This was a lesson in humility, where the majority of the class had no prior service and would be leading many troops who were twice our age. Everyone starts out from the beginning and as we progress in our understanding we must constantly seek out new information and stay hungry for knowledge. Enthusiasm keeps us motivated and in a positive frame of mind, which builds our confidence in our abilities.

It’s easy to get discouraged when learning something new and frustrating to start over that is why most people shrug off innovation. It’s too hard and they have lost that enthusiasm and thirst for knowledge, which is paramount to learning new information. Building on the previous lessons DLT/BC is evolving rapidly, just when you think you understand how one protocol operates you read news of a new consensus mechanism and how that will work.  Don’t be discouraged we are all learning this together! There are innovators who are working on improving the technology by experimenting and pivoting a way from failures, all while staying enthusiastic about the future and learning every minute of the journey! These are exciting times and the lessons are bountiful.

 

Military training offers some of the best lessons in leadership and their applications are boundless. If you can learn to embrace the suck and understand it is temporary while having faith in your abilities you can pass any test and get through any hardship. Trusting in your abilities is the foundation to accomplishing the goals you set out for yourself; information is constantly changing, calling for leaders who can see the strategic intent and pivot in directions that accomplish goals. Finally, enthusiasm and a hunger for learning are contagious and positively influences any organization or movement. Practitioners in DLT/BC show on a daily basis that they understand these lessons by the resilience the ecosystem demonstrates through every FUD/FOMO cycle and development that continues today as the space evolves.

I think you are absolutely right i would hodl bitcoin , however it might give you some short term gains of you swingtrade alts with a small percentage and reinvest in btc

Guys lets keep this thread civil please

Haha yeah ! I saw it last night was very happy with the decision ofcourse , allthough like you said i do not mind that i did diversify my portfolio .
I believe great things will be coming for cardano as well

Let me further explain myself.

It all depends ofcourse on correct speculation wether you are hodling or trading.

If you are hodling a few things should effect your decision:
- how long are you going to hodl?
- can you live with seeing your coins go to almost zero to up and down again?
- can you miss the money for a x amount of time?

- do you believe in the project?
- have you checked their long term roadmap? Is it even there
- how big is your portfolio going to be?

Trading:
- do you got steel nerves
- are you not afraid to end your day with a loss?
- leverage or no leverage?
- do you got deep pockets

Vechain is a solid choice , you are almost 90 percent sure to make good returns on that.
Same goes for oyster pearl .
If it were me i would swap the key with fusion though

I totally agree with you, allthough i do not see this happenig this year, maybe in 2 -3 tears time

I personally believe VeChain (vet) had a bright future.
Let me tell you why i think so.

What is vechain?:
VeChain is a blockchain platform that is designed to enhance supply chain management processes
VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought. From product source materials, to servicing history, and spare part replacements, every single piece of information about the supply chain movement of a product can be recorded and verified to bring about a supply chain management ecosystem that is secure for all participants.

Rewards:
Ven owners get rewarded by the POS model and gain VET tokens depending of the amount of coins they possess
See this link to calculate
http://thorcalc.com

Partnerships:
List of Vechain partners )National Level support: Gui’an New Area (Unique economic development zone, National level partnership)Strategic Professional Services Partnership: PwC China PwC Singapore portfolio company“Incubation programme will help VeChain to accelerate their development, by providing the company with access to the Hong Kong and South East Asia markets and strategic advice leveraging on PwC extensive global network”“PwC as a worldwide network of over 223,000 professionals including specialists and technology providers for various industries..

Global transport logistics: Kuehne Nagel– leading global freight forwarder, accounting for nearly 15% of the world’s air and sea freight business by revenue ($20 billion revenue company)Conglomerate/Cold chain logistics/IoT: DNV GL($3 billion revenue company)Six business divisions: Maritime, Oil Gas, Energy, Business Assurance, Software, Healthcare, Maritime AcademyDNV GL is the world’s largest classification society, represents a global market share of 21%Largest technical consultancy and supervisory to the global renewable energy and oil gas industry – 65% of the world’s offshore pipelines are designed and installed to DNV GL’s technical standardsSupply chain solution for consumer-centric International Packaged Goods companiesImported goods industry: Direct Imported Goods– distribution centre for imported goods with Shanghai local government backingHealthcare industry: Healthcare Co. LtdPublication industry: Hubei Sanxin Cultural Media LtdFashion industry: GivenchyAutomobile industry: Renaultvia work with Microsoft and VISEOATM solution/Adoption: BitOcean– fully licensed by the Japan’s Financial Services Authority, BitOcean is committing to buy and sell VET with their physical ATMs using Japanese Yen and growing VeChain alongside BitOcean’s global expansionTechnology partner/RFID solutions: Xiamen Innov Information Technology Co. LTDTechnology partner/NFC/RFID solutions: Jiangsu Printed electronics– Who are they?Why Vechain is going to be massiveLuxury brands Vechain is offering companies the solution they have been looking for, for ages. Imagine huge brands like Givenchy, Louis vuitton and Gucci not having to worry about counterfeit products anymore because each and every product can be checked with

So far i see some interesting picks for portfolios
PRL i am definately thinking about adding it.
I see some people listing monero, do you expect to add monero V to your portfolio as well? Or sell it off for profits?
How about pivx?

I think the iota technology is great, but they need to get their marketing in check if it wants to grow in value.

Anything is possible in the cryptomarket, look how fast btc went up from 2.5 k like it was yesterday.
So many swing traders got rekt trying to time the market

Hi everyone,

I thought it would be cool and interesting to create a thread to see
If you have or had to choose a portfolio for 2018 and HODL it, ehat would it look like?

Let me start off:

1. Ziliqa ( i was really torn about this one and cardano, ended up taking them both. What they want to achieve is amazing and the potential for high roi was enough for me to add it.

2. Cardano ( allthough seen much growth i believe there is still alot more to gain, thanks to the star team i believe they will be successfull.

3. Vechain (forget about the recent fud , this thing is a monster and holds the biggest part of my portfolio . Partner ships announced and upcoming announcements  we will see major profits.

4. Fusion ( just listed on one exchange i believe so far , not much gains from ico still huge potential and big team)

Thabk you everybody for all your comments!

I decided the following:
-60 percent ziliqa ( i do not mind a little risk)
-40 percent cardano ( stable team ,  great ideas)

This is in addition to the vechain, fusion in my portfolio.

It was too hard for me to pick a single winner as both coins to me have great potential

50$ ? I really hope so , but based on what analasys do u have this prediction?

Alot of coins without value  look at their team roadmap whitepaper, do they have a working product. U do that and u will be good

I would definately do both , invest for the adhoc choices you have to make eg: announcements , icos rtc and use bounty to accumulate more wealth

Platform coins are going to big , watch out for the next ethereum