9/05 ANDY HOFFMAN (CryptoGoldCentral.com): Altcoin Community Building

In my Wall Street days, when I was a sell-side analyst covering oilfield equipment and services; heck, before that, when I was a buyside analyst; I quickly recognized the value of building COMMUNITY around a stock.

It was decidedly more important with the tiny junior mining companies I worked with afterwards – which, like altcoins, needed to convince investors they COULD one day succeed…as opposed to established companies, that already had. And even more so with altcoins, given how nascent the sector is, and how few actually DO anything. To that end, despite my evolving liberality about the overall altcoin outlook, I STILL believe 95%-plus have no chance of creating material “shareholder value.”

Some would say community doesn’t matter – particularly with large, well-known, profitable companies. However, this is decidedly not true – as history shows “story stocks” often have the highest valuations, even if operational results don’t justify them. Particularly unprofitable development stories, where BELIEF is the largest determinant of valuation. Can you say TESLA?

In cryptocurrency, community DEFINES Bitcoin – drawing investors; miners; and generally speaking, believers. This is how its hash rate has reached an all-time high despite a 70% crash; and how all threats have been quickly dispatched - like last summer’s “scaling debate” competitors, and governments that tried to ban it.

In altcoins, community is even more important – as few altcoins DO anything, and most altcoins are less than two years old. Heck, most are not even one! Thus, the most successful altcoins have built a “following” through targeted marketing and social media – like, say, Dash and Ethereum…which are especially important in the early stages, when the network has not yet reached a critical mass of usage and decentralization. Not that this always “works,” as most of such success comes organically. Let alone, when management lies and propaganda are called out - like BitConnect last year, and BCash now.

Given my experience marketing “story stocks,” I recognize the value of building altcoin community – which is why I have spent so much time doing so in BRhodium, a store of value altcoin delivered via free airdrop to Bitcoin holders, that will shortly launch. To that end, I believe BRhodium’s community – as witnessed in its Discord chat room – is strong and motivated; demonstrating, for lack of a better description, good Karma.

https://discordapp.com/invite/ThVy5UB

To that end, I am becoming more excited about the Steem/DLive community each day. Per the article I wrote earlier this week; today’s 1-on-1 podcast with a DLive “Ambassador”; and my 15 months of experiencing using the Steemit platform; I believe Steem’s strong, cohesive community – supporting one of the only altcoins that actually DOES anything; gives it a chance to take significant market share from mainstream content platforms like YouTube…particularly in the cryptocurrency space, where it is indisputably the top content platform.

https://steemit.com/bitcoin/@andyhoffman/9-01-andy-hoffman-cryptogoldcentral-com-i-just-bought-steem

https://steemit.com/dlive/@andyhoffman/7c837b89-b12f-11e8-91f1-0242ac110003

I believe strongly in Bitcoin, BRhodium, and Steem – given my belief in their long-term viability…and the strong COMMUNITIES supporting them, that I am doing everything in my power to supplement.