I think just having a wide network and staying connected will give you opportunities
As I mentioned in the article, I think being an entrepreneur is a huge arb. That crypto fund alumni msgd me after seeing the article and agreed with that as a big arb
So if everybody knew about it, why didn't they do it? If connections in Korea is all that's needed, I'm sure the opportunity was enticing enough that a foreigner could find that connection.
But appreciate your opinion! You're right, I have yet to prove myself
Oh idk, the whole Korean language that most people speak in that country may have had something to do with it. It's not hard to look at two different exchanges and see a gap, it was hard to create an account on those exchanges and execute on the opportunity because it required an understanding of the language and the laws as well as a physical presence if I remember correctly.
And no you can't just "Find a Connection" lol, you have a lot to learn.
I still don't see how any of those skills translate into a viable business, maybe you could explain that?
The ability to identify opportunities, sell people on working with you, risk manage, and pure grunt work (talking with lawyers, etc.), moving fast, are just a few of the skills required in business that were all applicable here.
Automating trades with python might be more relatable for you. But the point is, it's not just technical skills like that that "translate to a viable business."
Those are fair points but you didn't mention any of that in the article and if you're trying to posit this as a self-help article and not some sort of shameless self-promotion piece then why should I care?
Why wasn't this article more about The ability to identify opportunities, sell people on working with you, risk manage, pure grunt work (talking with lawyers, etc.), and moving fast? I didn't get any of that from the article.
Who said this was a self-help article? The title is what it says. It's an interesting story that people found inspirational / fun to read.
And sure, to use your words, it was self-promotion. But why is that bad?
Regardless of your opinion of them as people, Steve Jobs did "shameless" promotion of iPhones, and Donald Trump did so with his brand. And if people found the information valuable, that's all that matters!
Not sure where your preconception that this must be a self-help article is coming from.
Yeah exactly, many people did it. And the people with family and friends in Korea could have done it much more easily and closed that window out much sooner than someone in America who didn't speak the language and didn't have the connections.
It's not possible to do fundamental valuation on crypocurrency. You're just fooling yourself. But congratulations on timing the market correctly and identifying an arbitrage opportunity.
The link I provided has a link to a pdf that goes through fundamentally valuing augur, including with a discounted cash flow model.
Finance lesson 101 is that all assets are ultimately valued by its cash flow, or as a store of value. P/E, EV/EBITDA, DCFs, etc. You just try to apply those concepts to crypto, which is what Multicoin does
I mean you can apply astrology to predicting the future but that doesn't make it any more valid than applying those valuation methodologies to cryptocurrencies. Call it "fundamental" if that makes you happy, but the reality is you're effectively just picking numbers out of a hat.
My friend and I are creating a Crypto Wiki to explain all coins in simple to understand language. We feel that there are too many coins and many of them are difficult to understand.
We are currently still in Beta and still building out the site. Would love any feedback or thoughts from the community.
