Don’t trust James Altucher’s Crypto Advice
False Advertising
Let’s start with a simple definition of terms as provided by Wikipedia. False Advertising on Wikipedia
False advertising is the use of misleading, false, or unproven information to advertise products to consumers or advertising that does not disclose its source. … A false advertisement can further be classified as deceptive if the advertiser deliberately misleads the consumer, as opposed to making an honest mistake.
Lets really focus on that last part:
deliberately misleads the consumer, as opposed to making an honest mistake
The Bitcoin Frenzy
If you are anything like me, you have been looking into cryptocurrencies and Bitcoin. If you are on Facebook, Snapchat, or any other major social media site, you have probably seen ads from this guy: James Altucher
He drives you to sign up for his newsletter which he then uses to funnel you into a higher price package for “Altucher’s Crypto Trader” which is a $2,000 dollar program where he tells you his and a partners picks that they want you to invest in.
This is a normal marketing funnel and this is a practice I have used in the past and so have many other marketers. There is nothing wrong with this style of marketing but as a software developer and solutions architect, I will NOT stand for someone claiming to be a “computer programmer” blatantly lie to people and take advantage of a hot trend right now. Also, before we continue, I will backup every thing I am saying and will make sure that you understand everything in this article. Do NOT trust him and if you have spent money on his snake oil, DEMAND a refund!
TL;DR For this whole article
James Altucher is a lying fraud. He claims to be a computer programmer. He claims that the “code” he shows is the reason coin values are going up. He also claims that the “code” tells you the right time to invest. The reality is that he is not showing real source code, his charts are showing wrong values and wrong dates for coins, and worst of all he claims that the fact a coin has a limited volume is the reason the cost is up. He claims that the limit is causation when it is really correlation and a “Computer coder” with “skills that have earned millions” should know the fucking difference and not try to scam people just because they don’t know any better.
Whats going on here
I am very upset with the poor advertising practices that James is using and I am appalled that someone of his reputation in the tech industry is taking advantage of the general public in such a deceptive way. If you receive his emails, you will have gotten one around 2/6/2018 titled “WARNING: Avoid These Crashing Cryptos” and
SPOILER ALERT: he doesn’t talk about crashing cryptos…
Instead, he talks about several that he has “read the source code” for and directly lies to you about “One Line in the Code That Set This Crypto Apart From 95% of ALL the Other Digital Currencies I’ve Seen”
I am going to go step by step through his message and expose over ten lies that he used in a single long-form sales page and video where he is attempting to collect over $2,000 per person to get his “Secrets” and access to his “computer skills” that he uses as the foundation for this quote:
“Once I learned how to combine my computer coding skills with a bit of investing savvy, I really began making an enormous amount of money… millions and millions of dollars…”
When in reality he means that now he knows most people won’t understand source code, he can completely lie to the public and have them pay for bullshit information and snake oil that he is peddling.
Here is the transcript
From this point on, I will be directly putting his words verbatim and I will insert my corrections and comments on each part.
Here is the link to His Bullshit Lies I wanted to make sure that you have the source material so that you know I am not adding any manipulations of my own. The text below is the transcription of the video. He provides this transcription on the page I just linked to so again, you have access to his source material.
My comments will look like this:
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My comment will start with !!, with a line above my comment and one below it as well and it will end with another !! so you will know when it’s me vs James.
Now onto the letter.
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::: ALERT FROM ALTUCHER :::
Stay Away From These Top FIVE “Toxic” Cryptos:
- Detailed Below
- Detailed Below
- Detailed Below
- Detailed Below
- Detailed Below
“After Analyzing the Computer Code behind Hundreds of Cryptocurrencies… I’ve Discovered a Single Indicator that Separates the Blockbusters from the Total Scams” — James Altucher
Dear Reader,
James Altucher here…
If you’re thinking about investing in the cryptocurrency markets…
I’d like you to take a close look at this line of code pictured on your screen…
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This image is the first offence. if you look at the top it’s titled ‘index.html’ an HTML file is a web page. Not a single cryptocurrency uses an HTML as part of the actual code.
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What you’re looking at is computer code I found hidden behind a new 24-cent cryptocurrency that’s about to go mainstream.
Now to you — and just about everyone else — this code probably doesn’t mean anything.
It appears to be nothing more than a bunch of random numbers and symbols.
But to a computer programmer like myself, this line of code is a DEAD GIVEAWAY that this new penny crypto could be about to skyrocket in price.
… in other words, this line of code represents a huge potential payday.
It’s the key to making money in the cryptocurrency markets… especially for folks who get in early.
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Alright, so as you can see, he spends time talking about ‘one line of code’. So I went to a site called Github. It’s a website used by developers to keep code safe as well as share it with the public. I searched for the words in the first line of the image
public async getContractInstanceFromArtifactAsync
and it leads me to the ‘secret 24-cent cryptocurrency’ it’s called 0x, its token is known as ‘ZRX’.
Now, in the video, he moves his mouse around line ‘11’ and says that’s where the hidden code is. I put 11 in quotes because what you are seeing is not a 25 line index.html file, you are seeing line 52–75 of a file called ‘web3_wrapper.ts’ and NOT’index.html’ as the file in the image states. Also, line ‘11’ or line 61 in the real file is this
throw new Error(ZeroExError.ContractNotDeployedOnNetwork);
So what is this gibberish? the word Throw in programming means that you found a problem and you need to tell the person using the program that there was an error. In this specific case 0x is validating that there is a Contract that it can work with and this error is sent when the contract you are looking for is not found. Now back to James.
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How can I be so sure?
Because I noticed a very similar line of code embedded in a completely different cryptocurrency called Litecoin.
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Ok, this image is the one that really set me off and was the red flag that drove me to write this whole article. He clearly says ‘a very similar line of code’ and no, you don’t have to understand programming to know that the actual letters, symbols, and numbers used in this picture are NOTHING like the last one!
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Since February 2015, the price of Litecoin has skyrocketed by an exceptional 18,820%.
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Time to stop here and rip apart these two images and call out all the bullshit here.
The first image is also titled ‘index.html’. The content that you are actually seeing is from a file called ‘configure.ac’ and it’s a configuration file! They are like a set of instructions for the computer and have NOTHING to do with the crypto its self. Also, like the last lie, I mean image, you are looking at line 11–53 out of over 1300 lines in the file…
Again, like the last image, he moves his mouse over line 8 and 9 which is line 17 and 18 in the real file. This is what they are
BITCOIN_DAEMON_NAME=litecoind
BITCOIN_GUI_NAME=litecoin-qt
Inside of a configuration file you sometimes need to set what are called ‘global variables’. They are used to save typing over and over. So, in this case, every time ‘BITCOIN_DEAMON_NAME’ is used in the code, it uses the values ‘litecoind’ instead. Same thing for ‘BITCOIN_GUI_NAME’.
So let’s go back really quick because maybe I’m the asshole.
Does
throw new Error(ZeroExError.ContractNotDeployedOnNetwork);
and
BITCOIN_DAEMON_NAME=litecoind
BITCOIN_GUI_NAME=litecoin-qt
Look anything like each other??? Moving on…
Now for the second image, the price value chart. There are several charts that you will see here. All of them have some shittyness to them but this is the worst because it’s completely inaccurate.
It starts at 5/9/2017 and goes to 6/5/2017 and shows the value of Litecoin to be greater than $320.00 USD. Except in reality, the value was only $30 USD.
In fact, Litecoin didn’t pass $350.00 USD until 12/18/2017! A full 6 months after James claims it does.
Back to the shinanigans…
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That’s enough to turn every $1,000 invested into $188,200!
And it wasn’t just a one-time thing. The fact is, it’s happened many, many times recently.
Practically EVERY time I’ve found a new crypto that soared in value… it was embedded with this particular line of code.
After spending hundreds of hours researching the crypto code… and watching many of these cryptos skyrocketing in price as a result… I decided to do something radical.
I began beta testing what I’d discovered in REAL TIME using REAL MONEY!
The very next time this code appeared, in July 2015, I plunked down $25,000.
At the time, it seemed like a bold move… But within 18 months, my initial investment had grown to over $1.8 MILLION!
That’s the kind of return every investor dreams about… a gain of over 7,000% in a matter of months!
Naturally, with that kind of success, I did it again.
Only this time, it was with a completely different digital currency.
… as soon as I saw the code appear, I invested.
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Ok stepping in again. In the text above he is just pitching (selling) to you. nothing big there. The image again is a complete lie…
He never says what the code above is from but I did some more Github sleuthing and found a package called BitCoin-QT, it looks like it’s an old GUI for bitcoin. I didn’t bother to dive into this specific chunk of code but it does say clearly on its page:
“This repository is no longer active!
Bitcoin-Qt has been integrated upstream and is now the official UI for the reference bitcoin client.
I don’t really know anything else about it. The code listed above is from a file called ‘bitcoin-qt.pro’
A ‘pro’ file is a configuration for the QT framework it is a bunch of programming tools used to help C++ programmers and is used by this specific project.
Back to you James…
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And just like before, I’m up… BIG TIME!
It took just three weeks… and I’m already sitting on an incredible return of 880%, with no signs of slowing down.
I can tell you — with 100% conviction — that what I’ve discovered is a special indicator that “telegraphs” the next cryptocurrency set to make a historic move.
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OMFG! Please read that again… slowly…
I can tell you — with 100% conviction — that what I’ve discovered is a special indicator that “telegraphs” the next cryptocurrency set to make a historic move.
So he literally just said that 100% that is ALL cryptocurrencies that have a limit to the volume of total coins will go to the moon. This coming from the same guy that said he found
“One Line in the Code That Set This Crypto Apart From 95% of ALL the Other Digital Currencies I’ve Seen”
95% of all coins are shit because they don’t have a coin volume limit but 100% of the coins that have a limit are going to make you a millionaire!
This is what he just said…
There are, according to CoinMarketCap.com Cryptocurrencies: 1526 / Markets: 8686
So time for some simple math. 95% of 1526 is 1449.7 let’s round up to 1450 because you can’t be a fraction of a shitty coin…
so that means only 76 coins have a total coin value limit according to James’s claims. Let’s test this, shall we?
coincheckup.com has the same 1526 coins that it knows about.
According to the Analysis section coincheckup.com/analysis, I modified the filters to show me “Total Supply” and “Max Supply”.
I found 351 coins that have a “Total Supply” limit. That is 23% of all coins, not the 5% he is claiming.
There are a total of 19 coins listed in this bullshit article and 5 of them have no limit to the volume of coins! I’m going to put that in all caps for you so you don’t miss it…
5 OF THE COINS THAT JAMES USED IN HIS EXAMPLES AND CLAIMS THAT; A COIN MUST HAVE A LIMIT TO THE TOTAL VOLUME OF COINS IN ORDER TO BE SUCCESSFUL,
HAVE NO LIMIT…
Let that sink in…
- Protean
- PeepCoin
- DigiCube
- FlappyCoin
- KashhCoin
Also, 6 of the 19 coins are completely dead which means if you had invested in them as James is saying to do, you would have lost all of your money.
One of these, “BitConnect” (which will come up later in the article) is actually a scam and ran off with peoples money
Read more about How BitConnect pulled the biggest exit scheme in cryptocurrency
I could end this here, but what the hell, let’s keep going…
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And as far as I know, nobody else knows anything about this.
Not yet anyway.
It works just about every single time, without fail!
I’m talking about the ability to know — WEEKS in advance — which digital currencies have the potential to explode as high as 19,875%, 105,744% and even a rare 1,176,640%.
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Really?? “the ability to know — WEEKS in advance”… I have yet to see any code that says “On X date, go to this value”.
Seriously, what the actual fuck…
This is the equivalent to saying “In the business plan for ABC, INC. It states that the value of the publicly traded class A stock shall be $45.00 USD on 1/1/2015”
There is no actual way to know when the value of a coin will go up. We will cover more of this in the charts later…
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In other words, using my computer coding background…
Leveraging the same computer science expertise I used to help build HBO’s first website…
And the computer languages I mastered over the years, like C++ and JavaScript…
I’ve CRACKED the hidden “crypto code.”
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God, I wish I had sound effects. This would be the sound of a record scratch…
I’m sorry… “Leveraging the same computer science expertise I used to help build HBO’s first website…”
HBO’s FIRST website. God, I love the interwebs…
Let’s take a look at these awesome coding skills from 1996.
HBO’s First Website via the Wayback Machine
Ugh, it’s just HTML. I have used more complex “coding” writing this fucking article…
<center><a href="#toc">Jump to the Table of Contents</a> <a href="Whats_New">What's New on hbo.com</a><p><a href="time29b.map"><img border="0" width="468" height="320" lowsrc="img/time104B&W.gif" src="/web/19961026164458im_/http://www.hbo.com:80/img/AnimTime104.gif" ismap></a></center><font size="-2">Best viewed with <a href="https://web.archive.org/web/19961026164458/http://home.netscape.com/"><b>Netscape 2.0</a></b>.
Some HBO web
sites are best viewed with the <a href="https://web.archive.org/web/19961026164458/http://www-1.macromedia.com/Tools/Shockwave/Plugin/plugin.cgi">Shoc
kwave</a> plug-in.</a>Home page design by <a href="https://web.archive.org/web/19961026164458/http://www.reset.com/">Reset Inc.</a>
<a href="bin/talk-retrieve.cgi?start=1&end=100">Responses</a> to
feedback</font>
None of this has anything to do with crypto, programming, or skill for that matter. They teach basic HTML in my 4th grader’s class and this is what he chooses to use as an example of his “Computer Programming” skills… Not referencing any of the “C++ and JavaScript” he claims to know.
Back to the transcript…
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And I’m telling you about this right now for a reason…
That’s because a new 24-cent cryptocurrency has just entered my radar…
The code is telling me it’s almost the perfect time to get in…
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Ok if this was true, I would have a simple business model. If I knew when a coin would explode I would say, “You pay me $1000.00 USD and I will put it in a coin and I keep 25% of the profit because the code tells me when the price jumps”
Back to the transcript…
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And I wouldn’t be shocked to see every $100 invested grow to $10,000… or more over time.
I’ll tell you everything you need to know about this code in just a moment.
But first, let me tell you a little bit more about what led me to this groundbreaking discovery…
It All Started When I Graduated With a Degree in Computer Science From Cornell in 1989…
Most people know me from my best-selling books: Choose Yourself, The Choose Yourself Guide to Wealth, Reinvent Yourself and The Power of No…
… and my podcast — which has over 20 million downloads — where I interview people from my vast network of ultra-successful CEOs, millionaire entrepreneurs and celebrities.
People like business mogul and Dallas Mavericks owner Mark Cuban…
Shark Tank superstars Daymond John, Barbara Corcoran and Kevin O’Leary…
And “larger than life” cultural icon Tony Robbins…
Among dozens of other hedge fund managers, political figures and world-renowned investors.
But what most people don’t know about me is that I’ve been a computer whiz ever since I was a kid.
Not to brag or boast, but I was a bit of a child prodigy.
I wrote my first computer program while in grade school.
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This is possible but I still call bullshit on it. I started with computers in 1984. I learned how to copy Machine Language from Byte magazine into a Commodore 64 and “Made Games”.
I then picked up Basic and Pascal in my grade school years but those languages are so old and not useful, I wouldn’t count that in my career.
James feels that any programming from the mid-70s (when he was a kid) is relevant to code that was written just 8 years ago, but I digress…
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And I became a nationally-ranked chess master when I finished high school, which allowed me to get into Cornell’s prestigious computer science program.
I spent all my years in college non-stop computer programming…
And after I got out of college, I went into graduate school for computer science and I gained a reputation as one of the best programmers in America.
At the time, the internet was exploding on the scene…
I became the only guy that many of the biggest businesses in the country trusted to develop their websites…
… companies like HBO, American Express, Time Warner, Disney and Sony…
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When you visit each of these, prepare to be marveled by the computer coding wizardry that has been claimed multiple times.
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But that was only the beginning.
Once I learned how to combine my computer coding skills with a bit of investing savvy, I really began making an enormous amount of money… millions and millions of dollars… …
For example:
- I created a web design business in the late ’90s when almost nobody knew how to build a website, then I sold it for $15 million… just before the entire industry collapsed. (Most people had no idea the collapse was coming, but I saw it a mile away.)
- Later, in 2006, I created a revolutionary website called Stockpickr that connected investors with similar portfolios so they could share ideas with each other. Nine months later I sold it to TheStreet.com for $10 million.
- I made a 6,000% gain on a social media startup agency called Buddy Media with PayPal founder Peter Theil and billionaire entrepreneur Mark Pincus. (The company was worth less than $5 million when I invested. A few years later they sold it for $900 million.)
- I was one of the original investors in a company called Ticketfly that is now one of the most popular ticket-buying platforms on the web. I cashed out at a 3,600% gain.
- I even helped Mark Cuban back in the “Wild West” days of the internet, with a “crazy“ idea that turned out to be worth $5.7 billion — and the biggest acquisition Yahoo ever made.
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I’m not even going to bother fact checking these things… I know there is some truth in here, James has respect in the tech industry but there is already so much bullshit and lies around the crypto, I’m sure this is sprinkled with crap as well but at this point, my statement here is opinion whereas everything else I have commented on has been fact.
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My point is, I’ve made WAY more money investing in the tech industry than I ever have with my books and podcast.
But even after making millions as a tech investor over the past 30 years, I have NEVER seen an opportunity as big as the current cryptocurrency markets.
Day after day, the crypto markets are churning out huge winners.
Look at this snapshot I took from November 28…
And the very next day, on November 29…
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As listed above, all of these coins are off the market because they were scams.
Also, look at the “Market Cap” for these coins. It’s 0. That means no one has them. THEY ARE DEAD!
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The opportunity to make huge amounts of money is completely unprecedented.
Like I mentioned earlier, I’ve already made $1.8 million — with a single well-timed trade…
… a trade that I spotted months in advance thanks to my unique ability to read the code.
And the good news is, this is only the beginning of the cryptocurrency boom.
But I’ll tell you more about that in just a second.
As you can probably tell, technology has always been one of my biggest passions…
That’s why I spend hours a day talking to my friends in Silicon Valley and researching hot new tech trends.
You could even say that I’ve made a career out of capitalizing on niche ideas that are too “technical“ for the masses.
Ideas like Bitcoin.
I saw the potential of Bitcoin back in 2013 when it was barely gaining traction in the news.
In fact, I believed in it so much that I started one of the first-ever Bitcoin stores, where I presold my book Choose Yourself.
Take a look at this video of me talking about it on CNBC…
The Media Laughed at Me When I Said Bitcoin Would Skyrocket Back in 2013…
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There is a video here and I can’t copy onto this page but I gave you the source material at the beginning of this article, so you can watch it if you really want to.
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While I was talking about all the reasons why cryptocurrencies like Bitcoin were certain to succeed, the media just laughed and mocked me.
I remember reading an article from CNN that claimed Bitcoin was “a big scam designed to enrich its shadowy creators.”
And another piece by Slate had the headline, “Bitcoin is a Ponzi scheme — the internet’s favorite currency will collapse.”
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I love cryptocurrencies and I fully belive that it is our future, I belive that James is running a Ponzi scheme…
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Seems pretty ridiculous now, right?
What’s crazy is that even today, after Bitcoin has passed $18,000 apiece, many major media analysts are still convinced that cryptocurrencies are just a passing trend.
But just like every other major financial trend in history, the “talking heads” won’t realize the true potential of cryptocurrencies until it’s far too late…
… and any money that could have been made has already gone into the pockets of early adopters.
That’s why the opportunity I’m about to show you today is so incredibly valuable.
After making millions from obscure tech trends over the past 30 years, I can tell you with 100% certainty that this is only the beginning of the crypto surge.
And I now hold the key to generating large gains over and over again.
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I don’t have words for how upset this makes me.
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In other words…
The Bitcoin Spike That Just Turned Thousands of Average Americans Into Millionaires Is Only the Tip of the Iceberg!
And from what I can tell, almost NOBODY outside of my small circle of Silicon Valley hackers and hedge fund managers knows about which cryptos will boom and which ones will fall flat…
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EVERYBODY that does any research on this knows about coin volume limits. Which is further proof that this is a total lie because in Jan 2018 the whole market lost over 60%
Where was that in the code James??
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… because with cryptocurrencies, investing knowledge isn’t enough.
You simply can’t evaluate a digital currency like you could with, say… a stock or a bond.
Digital currencies don’t issue earnings statements…
There are NO 10-Ks to evaluate… there are NO P/E ratios, NO operating cash flow statistics and NO gross profit margins.
When it comes to cryptos, all of the critical information is baked into the code…
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The only truth to this statement is that you have to go into the code to verify that someone did not create a backdoor to steal everything from the users.
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That’s how you can tell if it’s a legit cryptocurrency… or a total fraud.
And the truth is, there are now 1,324 cryptocurrencies on the market…
So believe me when I tell you 95% of them are complete scams…
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Here we go with the math again, apparently there are 200 more coins that have come up in the past 6 days… He is back to the ‘95%’ thing again. This percentage is incorrect, please see the math section above.
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Which is why most investors won’t make a dime on these new cryptos.
Only the people who know how to read the code will pick out the right currencies — at the right time…
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Really? I want you to seriously think about this. If the code had any control over its own value, that would make it a total scam. Either you would be able to put your investment in and cash out when the code says or you would trick people into investing knowing this info. Granted, crypto has made many millionaires but almost none of them are programmers. if so every code monkey in the country would be trying to buy SpaceX…
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… and stake their claim in what investors will soon call “the biggest financial event in history.”
Let me show you what I’m talking about… starting with a cryptocoin called Verge.
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The chart is pretty close to the real chart, the thing to note is the dates.
This chart spans 2 months May and June of 2017.
Verge was created on Oct 25th, 2014 (2 years, 7 months, 15 days from the chart) and was added to GitHub on Jan 22, 2016. 1 year and 6 months before this chart.
Just remember that. We will put this all together in a few minutes.
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Chances are, you haven’t heard of Verge.
It’s a decentralized currency… intended to enhance privacy for folks when buying goods and services.
Essentially, they’ve taken the original Bitcoin blockchain and improved upon it by using multiple anonymity-centric networks such as Tor and I2P.
That’s a good start.
But here’s where it gets even better…
After analyzing the code behind this new crypto…
I Found One Line in the Code That Set This Crypto Apart From 95% of ALL the Other Digital Currencies I’ve Seen…
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Here we go with the direct lies again.
You are looking at a file called pkg.m4
specifically lines 117–159
“pkg-config is a helper tool used when compiling applications and libraries. It helps you insert the correct compiler options on the command line so an application can use gcc -o test test.c pkg-config --libs --cflags glib-2.0 for instance, rather than hard-coding values on where to find glib (or other libraries). It is language-agnostic, so it can be used for defining the location of documentation tools, for instance."
Again, this is a settings file and NOT real source code.
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You see, baked into the code is something that is vital to any TRUE FORM of money… and ensures that it can’t easily be manipulated or distorted.
In other words, this code indicated that Verge had huge potential to skyrocket…
Eventually, people started catching on to the true value of this currency, and it went VIRAL.
Investors were clamoring for a piece of the action as the price skyrocketed 100%… 1,000%… eventually peaking at a 3,782% gain.
Most investors had no idea that this crypto would jump in price until it was too late.
But because I am well-versed in cryptos, I knew Verge was a great opportunity.
And anyone who had read the code would’ve been “tipped off” to the TRUE value of Verge before practically everyone else.
This information would have easily resulted in a grand slam for any early investor…
Enough to turn every $500 invested into $18,910…
Or every $5,000 into $189,100… in a matter of weeks.
But that’s nothing compared to another cryptocurrency called NEO.
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Ok this is where you really start to see that this is a load of shit. The date range on this chart spans from 5/18/2015 to 8/14/2017. The whole chart spans 2 years, 2 months and 27 days!
Neo came onto the market in September 2016 and its code was started on May 31, 2015… yes you read that correctly James’s chart starts before NEO ever existed. Actually in 2015 NEO was originally called “AntShares”. It changed names to “NEO” on 8/17/2017 AntShares Becomes NEO but still, the chart starts before a coin even existed here.
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This digital currency was trading for just 33 cents back on May 1…
If you had been able to dissect the underlying code behind NEO (like I can), you could’ve seen right away that it was a blockchain algorithm that improved upon Ethereum’s model.
But more importantly, you would’ve noticed the unique lines of code that indicated NEO was about to surge in value.
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Note that he says May 1 but does not say the year knowing that it would be a red flag if you are paying attention. Also:
“if you had been able to dissect the underlying code behind NEO (like I can), you could’ve seen right away that it was a blockchain algorithm that improved upon Ethereum’s model”
NEO is only compared to Ethereum because it implements “Smart Contracts”. It’s also available in the Asian markets.
It’s written in C# where Ethereum is written in Python and C++
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Well that was quick, speaking of C#…
What you see here is Neo.sln
According to Microsoft: “A solution is a structure for organizing projects in Visual Studio. The solution maintains the state information for projects in .sln (text-based, shared) and .suo (binary, user-specific solution options) files. For further information on .suo files, see Solution User Options (.Suo) File.”
Yup, you guessed it again… a settings and configuration file and NOT REAL CODE…
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All you’d have to do is plunk down a few dollars, and a few months later you’d be looking at a gain of 15,778%.
Talk about a windfall…
A tiny $100 investment in the early days of this coin would have landed you a tidy $15,678 profit.
And if you’d been bold enough to invest $5,000?
You would have added $788,900 to your nest egg — that’s over ¾ of a million dollars — faster than you can imagine!
Again, because of my unique background as a computer coder… I could’ve been tipped off — weeks in advance — simply by looking “under the hood” of this cryptocurrency.
It was basically the exact same line of code that I saw in Verge!
I couldn’t believe it…
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I can’t either…
This coin alone shows that he is either lying about his ability to understand computer programming or he knows what he is talking about and he is lying to you about this “secret code” so he can trick you out of money, just like a common thief.
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Had I Discovered a Simple Indicator That Could Tell Me Which Cryptos Would Boom, Weeks in Advance?
Naturally, I kept testing my theory.
The next crypto that piqued my interest was a self-regulated crypto community platform called Bitconnect.
After digging into the code, I identified the exact same indicator that I’d seen in Verge and NEO.
And just like Verge and NEO, this crypto shot up in price, big time.
In fact, it started at under 15 cents and shot up to $142.80…
… for a mindboggling 98,382% gain!
That’s enough to turn five hundred bucks into almost half a million dollars.
And a thousand dollars into almost a million…
Can you imagine that?
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What i can’t imagine is how shitty this is.
Here is the chart he is showing you:
Here is what he is not telling you…
BITCONNECT WAS A FULL SCAM AND RUINED PEOPLES LIVES! click here for more details
Here is the full chart showing their crash:
This is another reason for my anger, this email was sent on 2/6/2018 and the Bitconnect scam was 1/14/2018 almost a full month before hand. There was time to correct the message but he sent it anyway.
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Having an extra million dollars in your bank account… simply because you followed through on a secret that practically no one else knows about?
It’s extremely gratifying.
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Is it? Gratifying to know that you are suggesting coins that have literally ruined peoples lives?
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As I’ve shown you, with my unique ability to analyze the underlying code behind new cryptocurrencies, I’ve personally made millions.
And looking back on some of the hottest crypto opportunities, I noticed this code was present in almost every play…
Using back-tested data, it’s the only way I’ve ever found to reliably and predictably secure huge gains in the crypto markets.
Of course, these are all examples of past trades.
There’s no way I’m going to promise you’ll make 1,000% plus returns on each and every crypto trade or that you’ll never see a loser.
And there’s no guaranteeing you’d be able to catch all of these trades.
I don’t have any trouble admitting that to you, just like I don’t have any trouble admitting that I’ve gone from dirt-poor and practically homeless to being a millionaire…
… and I can tell you from experience how life-changing that kind of money really is.
You can spend your time doing whatever the heck you want…
You can help out friends and family members…
Send your kids or grandkids to Ivy League colleges…
Buy all the expensive cars, boats and vacation houses you’ve ever wanted…
You can travel the world…
The possibilities are endless.
Having that kind of security for yourself and your family feels like a two-ton anvil has been taken off your shoulders.
But I’m letting my excitement get ahead of me…
At this point my mind was racing.
I knew that I was on to something truly amazing.
But I didn’t want to leave any stone unturned in my investigation.
So I spent the next several weeks analyzing the code behind dozens and dozens of these digital currencies.
Cryptos like Decred, OmiseGO, and NXT…
And just as I suspected…
Every Single Time I Found a Crypto That Skyrocketed in Price… It Was Accompanied by the EXACT Same Line of Code
Again, here is the software code for Decred…
Over a three-month span, it shot up over 2,227%.
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I think by now you know that you can’t trust any “code” that is shown. This is networking code and really has nothing to do with the coin.
Here is the link Dcred UPnP network code on Github
More specifically, you are looking at
Now for the chart…
Looking at Jame’s chart, you can see it starts in 2015 (before the coin existed) also it goes to May of 2017 topping off at over $80. The reality is that the coin was forked from bitcore in 2016.
In May 2017 the value never went over $28.00.
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I found similar code embedded in the software of OmiseGO…
Which exploded 3,924%…
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The chart for OmiseGo is close to correct but again the “code” is a lie…
This is a test to make sure code works. Again, nothing to do with the coin or the “secret line of code”.
The picture shows: OmiseGo JSON Test lines 33–64
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And again with a crypto called NXT…
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The chart is mostly accurate but AGAIN… the source code…
This is code that creates a package. That is like a group of files that are compressed and sent as one thing to make it easier to transport or install.
NXT Package Builder Lines 58–133
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… which skyrocketed 1,493%…
And in each instance, just from one line of code, I could have accurately predicted that prices would go screaming higher.
Look, I could show you many more extraordinary winning examples…
But here’s the burning question you’re probably wondering…
What EXACTLY Does This Line of Code Mean? And Why Is It So Crucial for Cryptocurrencies to Have This Code Baked Into the Software?
To answer that, you need to understand a few basics about cryptocurrencies… and what ultimately gives them value.
You see, with paper money, there is absolutely no limit to how much money the “powers that be” can create out of thin air.
And the U.S. government has turned on the printing presses to the tune of over $3 TRILLION in just the past 10 years alone.
Take a look at this chart:
You don’t have to be an economist to understand that all this money printing drives up inflation… and decreases purchasing power.
In fact, a $100 bill in early 1900 is worth a measly $3.50 today.
It’s insane.
And that’s what’s so great about legitimate digital currencies… like Bitcoin.
You see, one of the key elements to Bitcoin’s epic success is that there is a predetermined rate of inflation.
The creators capped the number of total Bitcoin units at about 21 million.
That’s it. That’s the maximum number of coins that will ever be in circulation.
It works out to roughly one Bitcoin for every 500 people in the entire world.
Not only that… but they can’t be altered or manipulated. Bitcoins can’t be forged or faked.
There is a limited supply… and it’s built right into the code!
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Pause, I know I have said about a thousand times that the “one line of code” is the limited supply portion…
The code above is ACTUAL BitCoin code… OMFG FINALLY SOME REAL CODE… but guess what…
THIS ISNT THE CODE THAT LIMITS THE VOLUME OF COINS! It’s a different part where the amount of coin given as incentives is reduced over time… also it’s shown here as like 6 lines of code, really is in a chunk of like 5,000 lines of code.
Now, here is the one thing James NEVER does in the email… Here is the real code he keeps talking about.
Real BitCoin Volume Limit Starts on Line 17
And seeing as how he LOVES showing pictures of code, I’ll do the same. So here is the glorious picture!
In fact, I’m going full justice warrior here. Let’s walk through the code LINE BY LINE. I will explain every part of this file so that there is no mistake that JAMES IS LYING AND THERE IS NO CODE THAT CAN PREDICT WHEN A COIN WILL GAIN VALUE!
// Copyright (c) 2009-2010 Satoshi Nakamoto
// Copyright (c) 2009-2016 The Bitcoin Core developers
// Distributed under the MIT software license, see the accompanying
// file COPYING or http://www.opensource.org/licenses/mit-license.php.#ifndef BITCOIN_AMOUNT_H
#define BITCOIN_AMOUNT_H#include <stdint.h>
Ok, any line of code that starts with “//” is called a comment. It is plain text and has nothing to do with the operation of the program. They are notes for developers.
#ifndef stands for “If Not Defined” it’s saying if there isn’t something called “BITCOIN_AMOUNT_H” than make one (on the next #define line)
#include <stdint.h> This is a line of code that says things from this file (ammount.h) can use code from stdint.h
/** Amount in satoshis (Can be negative) */
typedef int64_t CAmount;static const CAmount COIN = 100000000;
static const CAmount CENT = 1000000;
typedef is Type Definition, int64_t is the Type and CAmount is the name in this case. This all is telling the system that CAmount will later define a number that can be 64bits.
static const Means that the following thing can never change. CAmount COIN = 100000000 is saying that “COIN” will be an int64_t (Like I explained above) and is equal to 100,000,000. Same thing for CENT.
/** No amount larger than this (in satoshi) is valid.
*
* Note that this constant is *not* the total money supply, which in Bitcoin
* currently happens to be less than 21,000,000 BTC for various reasons, but
* rather a sanity check. As this sanity check is used by consensus-critical
* validation code, the exact value of the MAX_MONEY constant is consensus
* critical; in unusual circumstances like a(nother) overflow bug that allowed
* for the creation of coins out of thin air modification could lead to a fork.
* */
static const CAmount MAX_MONEY = 21000000 * COIN;
inline bool MoneyRange(const CAmount& nValue) { return (nValue >= 0 && nValue <= MAX_MONEY); }#endif // BITCOIN_AMOUNT_H
Here it is folks the “One line of code”
static const CAmount MAX_MONEY = 21000000 * COIN;
That’s it, that’s the whole fucking thing in all its glory. All of its value predicting, clairvoyance that tells you when to buy or not…
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That’s why it’s so appealing… and why the price has gone from a fraction of a penny to over $18,000.
It adds a level of scarcity (and trust) that is fundamental to ANY form of money.
I can tell you with a straight face that if the U.S. dollar was a cryptocurrency… it would be viewed as a TOTAL SCAM.
The folks in control of the U.S. dollar can print as much as they want.
Not only that, but they can even hand out all this newly created monopoly money to whomever they want (which of course is typical “friends and family of the Fed”)…
But that’s certainly not the case with Bitcoin… which is one of the primary reasons that I fully endorsed this crypto back in 2013.
… and why I began accepting Bitcoin as payment for my best-selling book Choose Yourself.
The point is this…
For a Cryptocurrency to Be Successful Over the Long Term, It Needs ONE Critical Thing…
Fact is, many penny cryptocurrencies are rising and falling so rapidly it’s almost impossible to get in and out fast enough to make any real money…
Some of them skyrocket for a matter of hours or even minutes before investors start rapidly selling off their shares, causing the price to plummet back down to almost nothing.
It’s not uncommon to see charts like this:
That’s why I’m only focusing on a handful of legitimate cryptocurrencies…
I’m talking about cryptos that have a high probability of producing oversized gains for you as an investor…
… that won’t shoot up in price only to drop back to a record low a few minutes later.
Of course, as with all investing, nothing is guaranteed. These investments are volatile, and it’s not always a straight shot up.
But the good news is, there’s one dead giveaway that immediately indicates whether a crypto has the potential to succeed in the long run…
And I can see it within a matter of minutes after looking at the code behind the crypto.
Put simply, in order for any cryptocurrency to be successful over the long term, the rate of inflation MUST be included in the code!
It MUST be in limited supply.
If it’s not, it’s more than likely a TOTAL SCAM.
It’s as simple as that.
That’s why so many of these cryptos jump in price and immediately fall lower than ever before.
And that’s why most investors won’t make any money in the crypto markets.
But when you have the ability to find the right code that limits supply… you have an unbelievable opportunity to get rich.
And when you can identify this critical element WEEKS before anyone else… you have an unbelievable opportunity to cash in!
Take, for example, a cryptocurrency called Dash.
After analyzing the code, I could immediately see that it limits supply:
And look what happened to the price:
It’s up 3,414%!
Or how about FastCoin…
Here is a critical line of code:
And the price has shot up as much as 19,900%:
It works again and again. Over and over.
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These are the last 2 coins but do I still have to show how these are wrong? Like everything else, it’s not real code and the charts are off. I love how FASTCoin is completely inconsistent by not showing what year the chart is from…
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Of course, this information becomes public knowledge eventually…
But using my computer engineering background, I can discover it before practically everyone else.
Now the Truth Is, This Isn’t the ONLY Thing That Dictates if a New Cryptocurrency Is 100% Legit…
Although this line of code is absolutely vital for any cryptocurrency to succeed, it’s not the only thing that matters…
There are three very specific criteria I look for when evaluating potential investments in the burgeoning digital currency market.
The first thing I find out is whether or not the cryptocurrency has a legitimate “use case.”
In other words, I need to know if it actually solves a problem, or moves the crypto technology forward.
This is a huge factor in determining its long-term success, because I know that once it catches on, investors will stick with it past the initial price spike.
The second thing I look into is the background of the creators of the currency.
If I can confirm that the team behind the crypto has a solid track record, I know that they aren’t a bunch of scam artists looking to make a quick buck.
Then I take a look at the underlying blockchain technology…
That way I can tell whether a cryptocurrency is operating on a pre-established network, or if they’re trying to create their own from scratch.
The final and most important step in my screening process involves looking through the code to see if it has a supply cap like I showed you earlier.
If a crypto meets all four of these criteria, I know it has a huge chance of being a winner.
And all that’s left is to plunk down a few bucks and wait for it to skyrocket!
This process has already helped me to personally rake in millions of dollars.
And there is absolutely no doubt in my mind that it will make me millions more.
Look… I’m gonna give it to you straight.
I’ve just “spilled the beans” and given you everything you need to know for making huge amounts of cash in the red-hot cryptocurrency markets.
You could take the knowledge I’ve just handed to you… and figure out everything for yourself.
Sure, it would take hundreds of hours studying code… reading books… taking online courses… and perhaps making mistakes along the way.
Or…
You could simply let me do all the work for you.
The choice is now yours to make.
Which brings me to the reason I’m writing you today…
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Ok, I’m going to stop here. The rest of the sales letter (about another 2000 lines) is all just the shit he wants you to buy. I have given you the link to the real sales page so feel free to look at that if you want.
I have now invested over a week working on this article because I wanted to make sure that I was providing correct information.
I don’t have a pitch of my own or some alternative. I just want people to know the truth and even with someone “reputable”, you need to check the facts. If you really want to spend $2,000 on crypto info, send it to me and I will walk you through your first coin purchase. We will take that cash and turn it to crypto. You will get way more value out of that…
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