Menu
Jan 29

How do you get started investing in cryptos?

By Mark Attwood | Cryptocurrency

How do you get started investing in cryptos? How do you do your research, and how to pick the right coin? What do you watch out for?

This question was asked on Quora today, and this is my answer:

It sounds like you’re just starting out. If that’s the case, I’ll share some experience based on being involved in bitcoin for just over 4 years.

For a complete beginner, Coinbase is the easiest way into the market, where you can buy Bitcoin (BTC), Ethereum (ETH), Btcoin Cash (BCH) and Litecoin (LTC) using Fiat currency from your bank account.

If you use this link, we both get $10 free BTC: Coinbase

It is just my opinion, but although BTC has many limitations in terms of transactional speeds, it is limited in supply and demand is still in its early stages. As a store of value, it has yet to reach it’s potential so the advice (I’m not a professional financial adviser in any way, so please take this as my opinion only) I’m giving to friends and family is this: buy an amount of BTC and ETH (only an amount you’re willing to lose) and forget about it.

It’s entirely possible that the value of BTC at least could surpass $500k (especially if you listen to John McAfee):

I think ETH will continue to rise also simply because of (a) the amount of practical use it currently provides, especially to ICOs (Initial Coin Offerings) and (b) because Vitalik Buterin and the other guys behind it are aware of it’s limitations and are constantly evolving it. This is a really good interview with Vitalik which gives a great insight into his thinking and philosophy:

The other thing to note is that when “forks” happen, like BCH, you get free coins if you’re already holding a stake, so it’s all Brucie Bonus from that point of view.

In terms of trading on exchanges, this is really not for the feint-hearted or those with time limitations. I know traders who have made and lost fortunes in seconds and really it’s a full time job for them, getting up at all sorts of weird times to maximise gains on Eastern exchanges like Binance. The place most traders go to when they wake up in the morning is here: CoinMarketCap

The biggest financial opportunities for an average guy like me at the moment is in ICOs. These are the mechanism by which where Start-ups are using crypto to raise the money they need to get their projects off-the-ground.

They create new tokens – a limited supply – then issue them privately or publicly to investors at a discount. The majority of these investors are “flippers” who want to see a big and fast return on their investment when the tokens start trading on the exchanges.

In 2017, ICOs raised over $3.3 billion.

It’s an insane market, and this article gives great insight into how it’s possible that a coin like NXT got 1,477,000% ROI (that’s NOT a typo, and it’s not the biggest ROI in the space): Top 5 Biggest ICOs (by Return on Investment) – Bitcoin Market Journal

This infographic explains ICOs very nicely as well: Initial Coin Offerings – Infographic

The way to judge which ICOs are the best in 2018 are simple:

1. Subscribe to as many newsfeeds as you can to increase your daily intake of general knowledge about ICOs and Crypto

2. Follow people who have been around for a long time and know what they are talking about. People like Simon Dixon who has done a huge amount of work in bridging blockchain with the mainstream, wrote one of the best books on crypto Bank To The Future, and also runs BnkToTheFuture which first got me personally investing in crypto. Watch some of their videos here: BnkToTheFuture.com

3. Remember to only invest in things you (a) understand and (b) trust. I had the chance to be a seed investor in a company 3 years ago which is now soaring, but I declined because I didn’t fully understand what they were trying to do at the time. Am I kicking myself now? A bit, but the risk was too great then for me, so I made the right decision. A good ICO is all about the idea and the team working on the idea. The best Start-ups and biggest opportunities for me are all about those that are providing the shovels in this gold rush (actual coders) and those that are creating the blockchain collision i.e. bringing the blockchain to the masses – something that will happen when privacy issues are resolved.

4. Stay away from Ponzi schemes or MLM

5. Hang out at crypto meetups – this is one of the best ways to get information on what is hot in the crypto community. I’ve learned more in bars after meetings than any amount of online research can ever provide.

6. Understand blockchain is not a fad and try to avoid mainstream media opinions on “bubbles” and such-like. This is a great interview with James Altucher that explains this perfectly:

This is why I recently recommended investing in CommerceBlock because they are all about infrastructure, and why I’ve given over six months of my life into making HiP Interactive Property a reality, because that idea will make the property market liquid, open up an entirely new capital market, bring fairness to the way we buy and sell property, get young people onto the property ladder faster through partial ownership and allow people to access their equity without selling, moving or taking on extortionate interest rates on further debt. To learn more about HiP go here: https://www.hip.property/
The HiP project will be in Singapore at the Blockchain Economic Forum next week (details here: BEF 2018 | Blockchain Economic Forum 2018 Singapore 4-6 Feb)

As HiP is a blockchain collision project that’s truly decentralising and bringing this technology to the masses, it’s summed up nicely in this short video:

The kind of standard you should be looking out for can be summed up in recent/current ICOs like WePower and BeeToken. Take a look at them and use them as a benchmark for anything you research in the future.

Blockchain is still a puppy, it ain’t going away and it really can shake the world up, maybe beyond anything we can currently imagine.

Personally, I like to recommend investing in things that have the potential to make the world a better place and that make the system a fairer place for everyone to participate in, rather than the 0.001% who control the banks and global corporations. It’s an entirely new way of thinking, but once the penny drops….

So, you can make short-term gains, but it’s my opinion that the whole crypto space is just getting started and vastly under-valued, which is why I’m a long term holder in the main.

Whatever you do, welcome to crypto and best of luck on your journey!

If you get a moment to upvote this article on Quora, that would be appreciated here.

Or check my Cryptosuite review here.

Jan 28

What is Ripple’s future?

By Mark Attwood | Cryptocurrency

I thought this was an interesting question on Quora recently, so this was my answer:

No-one can completely predict the future, but I can share an opinion about Ripple that I think has validity.

Firstly, it should be understood that Ripple is not a cryptocurrency in the strictest, philosophical, sense. It has a CEO and is therefore not decentralised. Secondly, it is there to support the centralised banking system. If you refer to the work of people like Jeff Berwick of DollarVigilante.com, you will find that many people see crypto as the end of the existing financial system, or at least a major player in it’s downfall.

If they are right, then Ripple is as doomed as they are.

If you also realise that the majority of the earliest adopters of Bitcoin are deeply motivated by decentralisation and helping to bring about huge social and economic changes to the world. These people (about 10,000 of them) are currently worth half a trillion dollars.

In their future, Ripple would have no place.

The cynical, but probably correct, viewpoint is that Ripple is part of an attempt by the old system to barge in on the new but they have fundamentally misunderstood it. If your question relates to whether or not you can make money from Ripple, my answer would be yes in the short term but probably not in the long term. You’d also have to think about whether or not you would want to support such a project which is so antithetical to what the world of crypto stands for. Or, you might not care 🙂

(If you thought this an interesting answer, give us an upvote on Quora here)

Jul 10

Best. Email. Ever.

By Mark Attwood | Inspirational People

Got this in my inbox this morning. Could’t agree more. Thanks to Bryan of http://www.thirdwayman.com/

Now that the fireworks are over, it’s time to hit you over the head with a hard truth:

It’s all a sham.

We are not “independent.” Not anymore.

When we were still a colony, our British oppressors posed a familiar, old-world form of threat.

Their oppression was singular, visible, and involuntary.

Now, 240 years later, we face an entirely new breed of tyranny.

Through a combination of our own growing sophistication, market forces, and scientific and technological advancement, this new form of oppression is infinitely more complex.

This new oppression has three key qualities:

1. It is FRACTIONAL
2. It is INVISIBLE
3. It is largely VOLUNTARY

Let’s get in the shit and unpack these one by one.

1. It is FRACTIONAL

Just as the burden of owning a condo, boat, or jet is lessened when owned jointly, so too the burden of owning a slave is lessened when shared jointly with other oppressors.

The prime burden of slave ownership is the risk of revolt and insurrection.

When the oppressors are legion, their individual risk is mitigated.

Our oppressors do not work together in any orchestrated symbiosis. Rather, they operate within a “free market” of tyranny: an informal, self-organizing, leaderless system of oppression.

Here is but a sampling of the legion’s rank and file:

BIG FOOD riddles us with cancer, heart disease, and diabetes by selling us their abominable fake food concoctions.

BIG MEDIA riddles us with malaise, despair, and anxiety by filling our screens with every lurid, click-baity half-truth they can conjure up in order to sell more ads.

BIG PHARMA riddles us with addiction and side-effects by selling us their pills, convincing us that the human condition with all its vagaries is a neurosis to be medicated against rather than a spectrum of experience to be enjoyed and enriched by, mowing down human nature in favor of profitable numbness and stupor.

BIG GOVERNMENT riddles us with red tape and financial bleed, like a tumor charged with it’s own incision, self-corrupting ad infinitum in a vicious, ever-widening circle of greed and invasion.

BIG MONEY riddles us with dread and fear and the taste of doom in the back of your mouth, as those enslaved to the credit card companies will attest, using our wiring for immediate gratification to snare us.

BIG EDUCATION riddles our children with glib platitudes and groupthink, prizing test-taking and route memorization above problem-solving and creating thinking, preparing our children not for art and enterprise, but to serve as worker drones on the factory floor.

And that’s just for starters.

To see your oppressors all neatly laid out, look no further than your bank statement. See them there, lurking in the line items, patiently ripping their pound of flesh from your quivering body like clockwork each month.

2. It is INVISIBLE

“None are more hopelessly enslaved than those who falsely believe they are free.”
– Goethe

In the old dispensation, the slaver and the shackle were clear to the naked eye.

In the new dispensation, the shackle is of necessity disguised.

Since we are “too smart” for any outright shackle, the shackles have been reimagined, retooled, and reformed, and hidden beneath new enticements.

That is why we see 0% APR, matching contributions, air miles, free samples, no money down, and installment payments as perks of modern living instead of seeing it all for what it really is: the grease on the chute to the slaughterhouse floor.

3. It is largely VOLUNTARY

Due to our modern system of laws, forced slavery is no longer possible in our self-styled “free society.”

The dark genius of the modern oppressors is the way they leverage cultural norms, consumption rituals, and addiction in ways that compel us to PUT ON OUR OWN CHAINS.

As a result, today’s slavery is largely VOLUNTARY.

Thus the oppressor can always say, “we are not FORCING anyone to buy our products and services. No one is putting the gun to their head.”

All the while, they are spending billions to engineer conditions that effectively serve the gun’s same purpose.

But therein lies the escape.

Though the new oppression we face is massive in scale, fractional, and opaque, it is still, by and large, a CHOICE YOU MAKE.

So this July, as the firework cardboard tubes lay discarded in the park grass, and as the toy flags lay rolled up on top of the fridge, waiting for you to put them back in the attic for next year, let your Independence Day celebration go deeper.

Let your indignation take hold, like a blooming festerance.

Cultivate within yourself the dark desire to fight, and win again, a second independence.

You will need every ounce of resolve you can muster.

For this time, the oppressors wield not chains or the hangman’s noose or the wigged judge’s gavel, but chemistry, and habit, and our own herd instinct systematically turned against us.

This time, the weapons we take up against them are not muskets or bayonets, but resolution: the vision and the will to opt out of a bogus scheme… the courage to say FUCK YOU to the standard American life they’re prepackaged for you.

To reject the drama and depletion and dulled wits of paycheck to paycheck living and instead create wealth.

To reject the shitty food in the grocery store and instead eat real food: bloody, dank, dirty and wild.

To reject the given role as dutiful consumer and become instead CREATORS.

To reject all the fake news, fake government, fake food, fake medicine, fake success, fake friendship, and fake happiness that surrounds us and create a life that is FUCKING REAL.

To see these countless leeches for the parasites they are, rip them from your body, and throw them to the fire.

Only then will you escape the tyrant’s clutches.

Only then will you be free.

Bryan

Apr 27
2

How a “Cardiac Event” changed my life

By Mark Attwood | My Life

I woke up in intensive care in Stockport Hospital to learn that the 17-year old kid in the next bed had not made it through the night.

The night before, a nurse could not tell me that I was going to be OK. She had tears in her eyes. I was terrified, but fell to an exhausted sleep, not knowing if I was going to see September 11th 2001.

48 hours earlier, my surgeon friend had told me on a beach in Tarragona, Spain, that I had had a “cardiac event” and needed to go to hospital right away.

I had been caught swimming in the sea with a tide that was far stronger than me. Making it back to the beach was a miracle and took every nerve and sinew I had in me.

It was our friend’s wedding that same day, so in my usual gung-ho fashion, I said “Well, I’m not missing the wedding and if I’m gonna go, I’m going with champagne in one hand and a cigar in the other”

Since I had to turn my Dad’s life support machine off at the age of 17 I had lived a little recklessly. At this point, I was 32.

I thought I’d had a pretty amazing life so far, having been an RAF pilot, a journalist at The Daily Telegraph, a stand-up comedian, a published poet, a theatre company owner and, back then, the owner of a marketing company that was paying me more money every month than most of my family could earn in a year.

I didn’t know then that I would go on to get married, have 5 amazing kids, move continents, and generate over £50 million from one idea.

After I had woken up, I had a visit from the heart specialist who broke the news that they had measured the wrong enzymes. It was my muscles that were pumping them out through over-exertion, not my heart.

Then my girlfriend walked through the door. I said “What’s been happening?”. She said “Two planes have just flown into the Twin Towers in New York”

I was like “Yeah, right”.

The nurses moved me to the ward and I was told I’d have to stay for at least 3 days for observations.

I found the TV room and watched the horrors unfold, along with the rest of the planet. I didn’t know right then, but one of my old school friends was in WTC for a meeting that morning. He didn’t survive.

“Fuck this, I’m off”

I got dressed and walked out of the Hospital. When I got home I had a nurse screaming down the phone at me “If you die, it’s your own fault!” she said.

This was not the first or last time I would come to blows with the medical profession.

I lost something that day.

Fear.

Fear of death, fear of failure, fear of success.

And I gained so much more.

What I have not told you is that this was the third time I had looked my own death in the face. Every time I had, I lost a little more of that council-house kid with limited horizons. I lost a little more of my originally unswerving faith in the system. And I gained a little more belief in the true me, my higher self, and faith in the Universe, God, Source, Allah – or whatever you want to call it.

We are all here for a purpose and finding that purpose is the whole point of being here.

Moving to Morocco in 2014 was also a big jump for me that took me into uncharted territory. I couldn’t speak the languages, it was bloody hot, the internet didn’t work…but, I felt the fear and did it anyway.

It’s the only way we grow.

You don’t need to face death to expand yourself spiritually like this, but it helps.

Whenever you jump over the chasm, there will be casualties. People once regarded as friends will peel away, business associates may fall out with you, people will betray you. But that’s OK. You’re expanding and they don’t want to be left behind. That’s their journey, not yours. Thank them and forgive them, then move on.

As Eric Pepin of the Higher Balance Institute is wont to say, this is just The Dough, the self-correcting code of this virtual reality Universe.

Stay firm, stay resolute, have faith and keep moving.

Life is not designed for you to stand still.