Why did you post this? I am curious. |
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Seeing as there are a lot of detailed analysis's on Bitcoin and Ethereum already, I have decided not to cover them. If the community shows enough interest in these two however, I will write a brief paper. For now, I will cover the rest of the alt coins. I will have a few papers done by the end of today.  |
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Where is your released papers on bitcoin and etherium ?
I will release them today and update the thread. |
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What is this? Why did you decide to go with the name Nakamoto. I think it'll have a negative effect for you buddy. |
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Seeing as I have a lot of free time, I have decided to take on the mammoth task of researching the top 600 alt coins. I will review their white papers, research their team and make comparisons between projects. I will make a public 500+ word document for each project that I research. I currently do not have a job and so, can dedicated 100% of my time towards this. I will work down the list by market capitalisation starting with Bitcoin, then Ethereum etc. Overall, the project should take me around 1 - 2 months. Between every 100 projects I review, I will write a 1000+ word paper on comparing similar and competing projects. I will also leave links to the documents as I go through so that other investors can benefit and read.A little bit of background about me: I discovered Bitcoin and cryptocurrencies a few months ago. I have dropped out of school after making a (very) significant amount of money in the crypto-space. I can program in C++, Javascript, Python and Solidity. I will begin today, and will have papers on Bitcoin, Ethereum and Bitcoin Cash ready and released. If you have any suggestions about coins that you would like researched, please feel free to leave a comment If this project gets enough attention, I will create a website and a proper presentation. Introductory paper - https://docs.wixstatic.com/ugd/2459d4_0475705022cb4bcd9de7469407b78bdf.pdf |
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Hi all, Seeing as I have a lot of free time, I have decided to take on the mammoth task of researching the top 600 alt coins. I will review their white papers, research their team and make comparisons between projects. I will write a 500+ word assessment for each project that I research. I currently do not have a job and so, can dedicated 100% of my time towards this. I will work down the list by market capitalisation starting with Bitcoin, then Ethereum etc. Overall, the project should take me around 1 - 2 months. Between every 100 projects I review, I will write a 1000+ word paper on comparing similar and competing projects. I will also leave links to the documents as I go through so that other investors can benefit and read.A little bit of background about me: I discovered Bitcoin and cryptocurrencies a few months ago. I have dropped out of school after making a (very) significant amount of money in the crypto-space. I can program in C++, Javascript, Python and Solidity. I will begin today, and will have papers on Bitcoin, Ethereum and Bitcoin Cash ready and released. If you have any suggestions about coins that you would like researched, please feel free to leave a comment If this project gets enough attention, I will create a website and a proper presentation. Introductory paper - https://docs.wixstatic.com/ugd/2459d4_0475705022cb4bcd9de7469407b78bdf.pdfI will also post a lot of the researched information on youtube. You can find my youtube channel by filling out the form below. Try your luck, maybe you'll win  Fill out this form to win 1 Ether! - https://goo.gl/forms/win91V0u6mljlxHu2 |
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Buy Tether and hold!
You do know what Tether is right? Is it a joke?  |
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As a newbie, it might be a little complicated so I will try to explain it simply; Firstly, POS means Proof of stake. Secondly, POW means Proof of work. Now you may be wondering just what the hell that even means. Don't worry, I will explain Let's start with Proof of work since it came first. Proof of work is what Bitcoin and a lot of other currencies use to confirm blocks and add them to their blockchain. It basically means, computers have to solve a complicated puzzle in order to confirm that a block is legitimate. The computer that solves the puzzle earns a reward (bitcoin). This is known as mining. Once a solution is found, a new block is generated. Since only one solution can be given to a block, computers race against each other to get the reward (this is their incentive). This also ensures that a computer can't 'hack' the blockchain and change it for their own financial gain (unless they hold the majority of the computer power to solve the puzzle; 51% attack). When a block is confirmed, the computers have reached consensus. Proof of work is a consensus system. Ok now you understand Proof of work, we can talk about Proof of stake. Proof of stake is another way in which computers can reach consensus. For simplicities sake, we will assume that the POS newtwork we are talking about only uses proof of stake. Proof of stake means that instead of solving complicated puzzles to get the block reward and confirm blocks, computers (wallets) "stake" their coins and choose which blocks to confirm. The amount of power that a computer(wallet) has to confirm blocks is dependent on how much of the corresponding cryptocurrency they hold. So what is stopping computers from 'hacking' the chain and changing it for their own financial gain? Well, if a (wallet) chooses a bad block, they will lose the amount of funds in their wallet. So why would computers decide to stake their cryptocurrency? Because they earn rewards on each block that they confirm. If you want a more detailed explanation feel free to PM me |
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why is a DAG better than simple blockchain?
Its quite complicated and I am not sure how good your understanding of decentralised technology is, so I will try to make it simple Here goes: In a blockchain system blocks (groups of transactions) are confirmed one after the other. This is known as 'series'. Visual example of a blockchain: [block]=>[block]=>[block]=>[block]=>[block]Since only one block can get confirmed at a time, the problem with a blockchain is that it is limited to how fast each block can get confirmed and added to the ' series' chain. In a direct acyclic graph (DAG) chain, blocks get confirmed in ' parallel' which allows for multiple blocks to get confirmed at a time and is considerably faster as it is not limited to the 'one at a time' problem. Thats the very basics. If you want a more technical understanding, read IOTA's tangle white paper. |
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I think you're exaggerating. You don't have so many bitcoins. Those who have a lot of bitcoins are silent about it! Haha after looking around this forum it is clear that there are many people with way more bitcoins than me. It's a decent amount but in terms of the crypto-world, really not that much I explained how I made it in the OP. |
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First of all, you are a legend. You made it with just 1000$, that is great. Actually its more inspiring to people like us. Thanks for sharing your details. Would like to know,what your strategies are and how you made it.Its very interesting to know.
When it comes to how you use it, I would suggest you to invest in alt coins and earn more.
I explained it in the OP but see below...
Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams (after bribing a few of the devs, I got massive discounts in comparison to market prices and drove the volume up on their respective markets to get them listed on coinmarketcap which catapulted their price). Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit.
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Do you have any ALT holdings at all? Generally I have two rules ... be diversified and never sell Bitcoin ... I buy and sell Alts with new money but have the intention of holding every BTC I own until I retire. It is going to be a bumpy road, we might get 50%+ crashes along the way, but I think long term BTC will remain king.
Right now, I only hold Ethereum and Bitcoin. I actually have 190 ETH and 2 BTC but I thought it would be easier for people to comprehend if it was 12 Bitcoin (pretty much the equivalent). |
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I had barely made 1 BTC from trading and invest in ICO. You are very lucky. I would like to know how do you made it. I already said how, a few comments above Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams (after bribing a few of the devs, I got massive discounts in comparison to market prices and drove the volume up on their respective markets to get them listed on coinmarketcap which catapulted their price). Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit.
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Hold your Bitcoin if the price reaches $10k usd the price will correct then before that you must convert your BTC to usd ,then after the correction buy the BTC again the outcome is more BTC.
Haha, easier said than done my friend. |
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I have 12 Bitcoins. I am not a whale. I started about 6 months ago with 0.01 Bitcoins and $1000. I turned it into 12 Bitcoins so far and am pretty proud to say the least.
My question is, what do I do now?
As far as I can see, I have 4 options;
1) Hold the Bitcoin
2) Invest in altcoins and leave a little in Bitcoin
3) Fund a project and start my own cryptocurrency that solves a problem that current currencies face (scalability, Tx fees etc.). With the funds, I would be able to assemble a team, start a marketing campaign, get listed on exchanges etc. I am also a programmer which helps.
4) Convert it to fiat (probably the dumbest idea)
Edit: I should also add, I dropped out of school and have all the time in the world so can fully commit to any idea.
I would say its better to maintain on the thing that you did on last 6 months. Imaging starting out with less money and make it grow to 12 BTC isnt a joke even an average person cant really make up that high.Im sure on that even investors would struggle to reach out 12 btc within 6 months with just that capital.If i were you better to continue on what you are doing. If you dont mind, whats the thing you are actually doing? Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams (after bribing a few of the devs, I got massive discounts in comparison to market prices and drove the volume up on their respective markets to get them listed on coinmarketcap which catapulted their price). Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit. |
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People's enthusiasm for speculation
Sooner or later cause irreparable damage
ICO is about to disappear
The ICO will not disappear in my opinion. The main reason is new Blockchain projects needs to be developed with money raised from ICO. Is this really true though? I mean, Ethereum had almost everything developed before their ICO and Bitcoin didn't need an ICO either. In fact, almost all coins that run on there own separate blockchains don't need an ICO at all. In my opinion, if a project really needs funds to get it too work, it is doomed from the start. That is, unless, the ICO is simply a distribution model to determine true supporters of the project; In which case, there are far better distribution models. |
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Finally. I think that due to the recent flurry of airdrop scams, ICO's received almost no attention and now that the airdrop scams are receding, the attention to ICO's has pretty much diminished. Now, the hype is all around masternodes but that will soon go away as well. I guess, the real question is, what is next??
The ICO craze is going to be replaced by the Bitcoin forks craze, but don't claim victory, ICO's will always exist. It is always potentially profitable to develop an ICO as long as there are buyers. There is nothing wrong with the ICO model within itself, but at this point, using ICO for your project will make your project look like a total joke. It is better and much more elegant if the project has a code that delivers coins into the market instead of distributing them in some sort of auction. Ah yes. I forgot about the forks. Definitely one to watch out for. |
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Based on the success and free time that I have, I have decided to research the top 200 altcoins and release at least one analysis of them a day. Will release the results in this group (first 500 to join will get access to the premium group) Link below...
https://t.me/CookieCryptoI have 12 Bitcoins. I am not a whale. I started about 6 months ago with 0.01 Bitcoins and $1000. I turned it into 12 Bitcoins so far and am pretty proud to say the least. My question is, what do I do now? As far as I can see, I have 4 options;1) Hold the Bitcoin
2) Invest in altcoins and leave a little in Bitcoin
3) Fund a project and start my own cryptocurrency that solves a problem that current currencies face (scalability, Tx fees etc.). With the funds, I would be able to assemble a team, start a marketing campaign, get listed on exchanges etc. I am also a programmer which helps.
4) Convert it to fiat (probably the dumbest idea)Edit: I should also add, I dropped out of school and have all the time in the world so can fully commit to any idea. I will earn my living of cryptocurrencies.A few people have asked how I made my money so, if you are interested, here is a short summary: Initially, I put it all into Bitcoin during the massive FUD of the fork around June when Bitcoin dipped to $1,900. Then I put half my money into NEO before all of the hype at around $12 and cashed out at $40. Then I invested in a couple ICO's and turned a pretty good profit of off the hype. After that, I got back in on NEO as soon as China announced the regulations regarding ICO's and rode the wave back from around $20 to $40 (I can't quite remember). Then, I rode the hype of Ethereum Dark, eBitcoin and a few other airdrop scams. Finally, I got in on Wincoin before it got to coinmarketcap and turned a 20x profit.
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