My Dirty Little Bitcoin Secrets www.99bitcoins.com 1 My Dirty Little Bitcoin Secrets Contents Introduction ................................................................................................................................................ 15 I’d like to congratulate you for taking the first step towards creating your next successful Bitcoin . 15 What You Can Expect From This Book? ...................................................................................................... 18 Part 1: The Bitcoin Ecosystem ................................................................................................................. 18 Part 2: Creating your Bitcoin business .................................................................................................... 18 Part 3: Marketing your Bitcoin business like a pro ................................................................................. 18 Glossary ................................................................................................................................................... 19 3 Final Thoughts Before We Get Started .................................................................................................... 20 The Bitcoin Ecosystem ................................................................................................................................ 22 A Land of Endless Opportunities ................................................................................................................. 22 Chapter 1: Can Someone, Once and for All Explain to me What Bitcoin is?! ............................................. 23 Chapter 2: Business Opportunities Hidden Inside the Bitcoin Landscape .................................................. 29 Chapter 2.1: Using the Bitcoin protocol to disrupt industries worldwide. ................................................. 32 Email .................................................................................................................................................... 32 Video ................................................................................................................................................... 33 Crowdfunding...................................................................................................................................... 33 Payouts ................................................................................................................................................ 33 Remittances ........................................................................................................................................ 33 Ecommerce ......................................................................................................................................... 33 Identity ................................................................................................................................................ 34 Attribution ........................................................................................................................................... 34 Voting .................................................................................................................................................. 34 What business opportunities lie within the Bitcoin 1.0 industry? .......................................................... 35 Chapter 2.2: Bitcoin B2C market opportunities .......................................................................................... 36 Bitcoin Exchanges ................................................................................................................................... 36 Bitcoin Wallets ........................................................................................................................................ 37 Bitcoin Mining Companies ...................................................................................................................... 38 Mining Bitcoins for a profit ................................................................................................................. 38 www.99bitcoins.com 2 My Dirty Little Bitcoin Secrets Creating and selling mining rigs .......................................................................................................... 38 Cloud mining companies ..................................................................................................................... 38 Bitcoin CFD trading ................................................................................................................................. 39 Bitcoin Gambling Sites ............................................................................................................................ 40 Bitcoin Faucets ........................................................................................................................................ 40 Bitcoin Information Sites ........................................................................................................................ 41 Bitcoin Information Products .................................................................................................................. 42 Physical Bitcoin products ........................................................................................................................ 42 Create your own currency - Altcoins ...................................................................................................... 42 Chapter 2.3: Bitcoin B2B Market Opportunities ......................................................................................... 44 Bitcoin Infrastructure Services ................................................................................................................ 44 Bitcoin Add-Ons For Websites ................................................................................................................ 44 Bitcoin Affiliate Programs ....................................................................................................................... 45 Chapter 2.4: Coming up with different ideas for a Bitcoin business .......................................................... 46 Tool #1 - Brainstorm with friends ........................................................................................................... 46 Tool #2 - Use Google’s Keyword Planner to see what people are already searching for ....................... 46 Tool #3 - Search around forums.............................................................................................................. 49 Tool #4 - Use Google’s autocomplete feature ........................................................................................ 49 Tool #5 - User UberSuggest to get even more autocomplete ideas! ..................................................... 49 Tool #6 - Look around marketplaces ...................................................................................................... 49 Tool #7 - Find out what already works ................................................................................................... 50 Chapter 2.5: Creating a SWOT analysis for your Bitcoin Business Idea ...................................................... 51 Strengths ............................................................................................................................................. 51 Weaknesses ........................................................................................................................................ 51 Opportunities ...................................................................................................................................... 52 Threats ................................................................................................................................................ 52 SWOT Analysis Demonstrated On My Dirty Little Bitcoin Secrets Project ............................................. 52 Strengths ............................................................................................................................................. 52 Weaknesses ........................................................................................................................................ 53 Opportunities ...................................................................................................................................... 53 Threats ................................................................................................................................................ 53 Chapter 2.6: The Beigel analysis (for lack of a better name…) .................................................................. 54 Need .................................................................................................................................................... 54 www.99bitcoins.com 3 My Dirty Little Bitcoin Secrets Viability ............................................................................................................................................... 54 Competition ........................................................................................................................................ 54 Profitability .......................................................................................................................................... 54 Chapter 2 Homework - Start Brainstorming your New Bitcoin Business ...................................................