Introduction to Cryptocurrency

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The World of Cryptocurrency How many people here understand the concept of cryptocurrency? “ How many people here know what the blockchain, alt coins, and ICO’s are? “ Do I have any fellow cryptocurrency investors in the room? “ 1 How did it all start? Satoshi Nakamoto A Bit of Bitcoin History 2007 Satoshi 2009 2011-2012 Nakamoto First Bitcoin Silk Road wants to transaction in opens decentralize block #170 currency $142,904,703,379 Market Cap 16,858,750/21,000,000 In circulation TrumpCoin PandaCoin Coinye DogeCoin Users faith in the system gives it value PutinCoin Boats and Bitches “ Coin Alt Coins ◉ Alternate coins are any coins that are not Bitcoin Wallet ◉ Similar to an email Exchange ◉ Used for trading alternate coins, also known as a Hot Wallet My Referral ID:22561919 2 The Blockchain The backbone of cryptocurrency How it works ◉ A system of checks and balances ◉ Imagine all of your receipts and income checks are verified by strangers How it works ◉ They are then put into a public ledger where anyone can see the transactions ◉ Your encrypted wallet assures you remain anonymous 3 Mining How cryptocurrency is generated “ 4 Smart Contracts My favorite part of the blockchain “ “ 5 ICO’s The birth of new coins ICO ◉ ICO’s allow you to invest in new coins before they list on exchanges ◉ Very much like an IPO, without an investment bank involved ◉ You buy the coins at a discount and hope that they list at a higher price ICO ◉ ICO’s are like startups, you have to analyze everything from the disruption to the team ◉ There are many scam ICO’s since they aren’t regulated 6 Current Events Let’s start with the first set of slides Reasons for bear market ◉ Bans ◉ Weak Hands ◉ Hacks ◉ Futures Contracts ◉ Tax Season ◉ Chinese New Year Thanks! Any questions ? You can find me at ◉ Sophia Noel in LinkedIn ◉ [email protected].

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