Topic: I have $10 in Bitcoin. What coin should I invest in? (Read 4951 times)

You know, you can invest your $10 USD in an alt coin and "get lucky", let's say make 1000% profit, but that's only just $100 USD. However, when learn to code, you'll be able to make that much in just 1 to 2 hours of work if it is a job. However, I suggest that you do NOT get a job. Bitcoin jobs are hard to come by because only less than 0.1 percent of the world's population has a bitcoin wallet. It is more profitable if you were to make an app or program that made money and market it instead.

The thing that attracted me to Bitcoin is the fact that there is a universe of financial services that are currently served by an army of expensive lawyers and financial services companies, but in the future, I think ALL of this will be replaced by simple, cheap computer programs instead because Bitcoin is digital, so this is possible. However, 99.9% of these computer programs have not been written yet. This is cryptocurrency's potential. Notice I did not say that this is Bitcoin's potential. Bitcoin may succeed and it may fail. I am not a psychic. BUT, due to the low cost of sending money using cryptocurrency, I do know that cryptocurrency is here to stay. The only 100% sure way to profit from the rise of crypto without knowing which one will succeed and become globally and universally adopted, is to profit from writing some of these financial services apps.

Even bitcoin (and altcoins) itself is a model for replacing a current financial service, the IPO. Instead of spending millions on lawyers and SEC filings to make a new corporation's IPO on Wall Street, Satoshi Nakamoto, just simply sold shares in his new corporation (or business entity) to "miners" who gave him the resources he needs to run the corporation (computing power). These "miners" then sold their shares to the general population for the bitcoin to circulate. Satoshi kept roughly 5% of the total bitcoins for himself, or 1 million bitcoins. That's his equity in the bitcoin corporation.

You don't even have to be a very good coder. Remember it is open source software. You can just copy the bitcoin software, tweak it and come up with an alt coin, but don't make another shitcoin. Instead make the altcoin a way to release an IPO of a new and unique business model.

Millions of financial services apps are still yet to be written. Just off the top of my head, wills, take lawyers to write. However, you could write a computer program that checks if you're dead yet. If you are (it checks the government death registry every day), the program will email your heirs an email telling them how to get their bitcoins that they've just inherited. It is an automated blockchain program that is decentralized. People pay bitcoin for the altcoins that are used to purchase services in this program.

Or an automated escrow program. It checks the postal service servers to make sure a package has been delivered before releasing funds to the seller. No human trust agent is involved. It is an automated blockchain program that is decentralized.

The 21st century  will belong to these coders.

etc, etc,

Hint, go to the library and read coding books for free. Then, buy the book that you entrust to be your reference book or buy the book that the library does not have. That way, you can have maximum learning for minimum money spent. In other words, don't let one book that you buy be your only education in coding.

write programs for bitcoins. Invest in yourself, specifically in your knowledge base.

I still don't think investing in altcoin is a good idea. You need to find a pump&dump group or you have to really lucky to catch a coin before pump. Otherwise it's very hard to get better than %10 earnings.

Too many people pumping their shit coins, now if you are willing to stake and have the pc running 24/7 then buy a pos coin and just stake it.

Even if you find a coin that makes %100 in pump your money will be 20$, that's nothing significant.
When you invest small money your gain will be small. You can't expect big money from small investment, unless your coin tenfolds multiple times.
I suggest you to spend that 10$ for whatever you like in real life.

Drinking a Yuengling as I read this 

Buy a beer ?

I do!