SWOT market analysis and the relevance for bitcoin / altcoin projects and startups.

swot clean
AngryAdmin sees things you don’t. He is seeing issues in the altcoin community.

If you want your project to succed, you MUST analyze the market. The market being (community) from here on.

Whenever you want to penetrate a market, yes, i know that sounds funny.. I heard snickering about penetration strategies before.
Its a good joke, but it isn’t.

Fact of the matter is, if you do not invest time in getting to know the strenghts, weaknesses, opportunities and threats, you simply wont make it in a competitive market like the altcoin/bitcoin scene.

Do yourself a favor and enlightend yourself on that specific subject.

Strenghts:
Internal factors
Examples:
Blockchain is healthy
Exchange is online
Dedicated experienced workforce
Capital

Opportunities:
External
Examples:
Niche markets
Revamping business model

Weaknesses:
Internal.
Examples:
Lack of capital
Blockchain is not healthy
Exchange is not online
Inexperienced workforce
Slow communication

Threats:
extermal. (No control)
Examples.
Competitors established with large customer base.
Regulations and laws.

Follow me on twitter for more updates on how to drive your altcoin / bitcoin projects forward http://www.twitter.com/angryadmean
Follow me on facebook for the same reasons: http://www.facebook.com/johnlasp
The more of you follow the more I will reciprocate with more articles. Pleace google the concepts explained above for deeper understanding. Wikipedia is a fine start.

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3 thoughts on “SWOT market analysis and the relevance for bitcoin / altcoin projects and startups.

  1. Pingback: The great overview of all posts. | Angry Administrator

  2. Buying a coffee or some low amount for $20-30, 0 confirmations would be fine as the risk is small and the inconvenience the make the customer wait around 10 minutes is great.

    Medium transactions of $100+ you might want 1-3 transactions, but by then it is pretty safe, and asking someone to wait for 1 transaction in not unreasonable. Think maybe a shoe store, you buy $200 shoes and they ask you to wait for 1-2 confirmation, probably not a big deal.

    Like

    • You had to wait 8 months for my answer. Sure, im certain you wanted it right away, but you had to wait for confirmations… how did that make you feel?

      Nobody wants to wait. The outlook to have to wait to leave a store just fucks stuff up. Imagine x-mas, 20 people in que, 19 cannot be served because 1 has to wait 1-2-3-4 confirmations on payment….

      Like

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