James Altucher - Cracks the “Crypto Code” - Really?

in #altucher7 years ago (edited)

… and can NOW predict which penny cryptocurrencies are set to jump 800% or more starting in the next 2–3 weeks

Really?

I didn't know a lot about James Altucher, I'd seen some articles he has written, around mindfulness, and work life balance, and had thought quite highly afterwards. They were good articles, thought provoking and feel good, so I followed him on various networks and email, I wanted to read more of his stuff. I understood he was into the crypto world, something I also do a lot of reading on, so was looking forward to reading about his thoughts on crypto too.

Until I got this email entitled Launch Codes.

So, he can tell us what to invest in to get 800% returns.. Wow, I have to check this out!

He goes on..

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…"

Wait what? What is it in this code that means the coin is going to get 800% gains in a few weeks. I'm intrigued

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.

He goes on to picture seemingly random screenshots of code from various cryptos, each time hinting because of his expert computer programming skills, he can confirm that this coin will skyrocket. Just look at LiteCoin, It also had this mysterious line of code and he helpfully illustrates its up 18000% since Feb 2015.

I can't find any lines of code that match in any of the screenshots, some of them are not even code files.

Ok, time to scroll on and find out what this magical line of code is!

wait.. whats this?

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.

Thats right, BitConnect, Gotta get me some of that !

Anyway, After a big pile of more examples of this secret line of code, he finally gets to the point..

All these coins have one thing in common, that they have a limited supply.

Yep, that was it.. He's discovered that any crypto coin, that has a limited supply, is going to skyrocket. He's tested his theory many times.

When was the last time you bought a coin without a limited supply?

Of course, this information becomes public knowledge eventually… But using my computer engineering background, I can discover it before practically everyone else.

Sigh..

He obviously goes on to sell his amazing crypto investing guide.

Ok so at this point I've lost all respect for this guy.

The crypto world is full of scammers and unsavoury types, and there's stores every day of naive people losing their money or buying into useless coins right before a drop.

What doesn't help is people like this writing absolute garbage in an attempt to sell some information product. This article is full of misinformation, and misleading examples in an attempt to sell people his products. If he's so good at crypto investing, why does he even need to sell this guide. If the guide is so good, why the long article about these 'launch codes'

I hate this kind of sales tactic.

I'll be unfollowing and unsubscribing to this guy. And hope nobody I know gets sucked into this garbage!

To read his full article, for a good laugh, see this page;
https://pro.chooseyourselffinancial.com/p/ACT_cryptocode_1217/WACTU102/Full?h=true

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Altrucher is a contemporary of Henry Blodget.