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Attention incoming interns! Here's a list of TIPS I WISH I KNEW starting my intern year, some things you can start working on now and some less commonly discussed but very important parts of your job

It’s that time of year and yet again I’ve seen plenty of incoming interns asking what they can do to prepare. I wrote this post to share some tips for all of the not-exactly-medical stuff I wish I knew before I started intern year and to share a few things that interns can do before they start to feel like they’re well prepared for the long white coat.
As a quick background, I was a surgery intern in the first half of the 2010s and much of this is informed by my notes and memories from that time in addition to everything I’ve learned since, particularly about professionalism both in medicine and in the business world with work I’ve done in the healthcare startup arena. I’m also not perfect and very much a work in progress myself and, outside the intern-specific items here, I try to do most of these things myself—sometimes more successfully than others.
So take what you think are good ideas here, leave what you don’t think would be useful, and if anyone else has anything to add, please feel free to chime in.
TL;DR: Intern year is hard. Here are some not-so-commonly-disucussed tips that may help.

Mindset

1. Being an effective intern is, at its core, about being responsible, effective and reliable.

Your day to day responsibilities are nearly always dominated by the need to get things done and to do so in a manner that lets your other team members focus on their own roles and responsibilities. What about learning clinical medicine? You'll learn plenty and fast. Don't worry.
When reading through these tips below, view them from an angle of “would this help me develop an effective system for making sure everything gets done and nothing falls through the cracks?”

2. For your in-the-hospital life as well as your outside-the-hospital life, remember this one thing: you will forget.

You will be busy and have responsibilities in a way you likely have never experienced before. This will naturally make the day-to-day things in life more difficult than you’re used to so developing ways to outsmart your forgetful brain will pay off.

3. You are a professional now. This is your career. You’re in it.

It’s easy to view your life as a trainee as a sort of advanced student or something in between a student and a “real doctor”. But that’s not true. View yourself as a professional building your career. Your intern year is just the first step of that career. You’re a real doctor as much as any other now.

4. One of the hardest things about being an intern or resident is dealing with feelings of isolation. It will take work to actively manage and overcome those feelings.

Imposter syndrome, feeling like you don’t know what you’re doing or that you don’t belong, feeling like you’re not the person you used to be, that you don’t have time to do all the “normal” things that other people do, thinking your co-residents or attendings think you’re dumb, feeling that you don’t have time for friends/family/hobbies, ruminating on “what if I screw this up and hurt a patient?”, or “this doesn’t matter -- the patient is going to XX or YY anyway” etc are all common feelings and they all share the same undercurrent of feeling isolated in one way or another. You need to actively work to find ways to confront and overcome these feelings or else they will control you. When they control you, you’re burned out.
It may not seem like it at first, but nearly every single tip below is geared towards avoiding feelings of isolation. Feeling like you’re not in control of your finances will make you feel isolated. Feeling like you’re losing a handle on your relationships will make you feel isolated. Feeling like you’re behind on your email and haven’t done all the little things in life you need to do will make you feel isolated. Read these tips through that lens.

What you can do before you start

1. Organize and update your contacts. Seriously.

Here are some ways it can help you maintain and grow your relationships.
  • Use the ‘Notes’ feature in your contacts for everyone important in your life and all the new people meet.
    • You will forget your friends’ kids names and ages. Every time you get a birth announcement or see a post on social media, go to your friend’s contact, edit the notes and put in the info. Then, when you reach out to your friends, ask about their kids...by name.
    • You will forget your friends’ boyfriend/girlfriend/wife/husband/partner’s name, especially if you’ve never met them or haven’t seen them for a long time. Put their name in your friends’ card with a note like “Started seeing Sam in June 2020, he/she’s a software engineer”. Someone you know gets married? Add their wedding date to their card.
    • You will forget how you knew people in your contacts. Met at a conference? Was a medical student on your heme onc service? Friend-of-a-friend you met at a wedding? Someone shares an interest you have? Make a note in their contact card. Tip: these notes are for you, not them. So if someone reminds you of an actor, or didn’t stop talking about bitcoin, make a note. It will help because you will forget.
  • Tag your contacts or add them to lists and use those tags/lists to your advantage.
    • Make lists or tags for your family, your medical school friends, your undergrad friends, your coresidents, your attendings, your medical students, the hospitals you’ll be working at, etc. Put those lists or tags to use like this:
      • You will forget to stay in touch with people important to you. Set reminders in your phone for every week / two weeks / month, etc to pull up a list (family, medical school friends, etc), pick someone on that list you haven’t chatted with in a while and text them and ask them how they’re doing. Aim to start a conversation, ask about what’s happening in their life. Texts are more personal and meaningful than liking a post on social media or sharing a meme. Initiating conversations with your friends and family will help you feel connected and will increase the likelihood they reach out to you.
      • Don’t label your medical students like “MS3 Laura” or “Sub-I Juan”, etc. Label them with their full name and treat them like the colleagues they are. Put them on a list, clear it out next year if you want, but don’t treat them as “MS3 XXX“ or “MS4 YYY”. I’m sure you remember feeling like a nameless/faceless medical student at times in school and I’m sure you didn’t love it. So don’t repeat that behavior. Add a note or two about them while you’re at it. Take enough interest in your medical students to treat them well. You never know when or how you’ll cross paths with them again.
      • If you rotate through different hospitals, you will forget which “ED” or “PACU” or “nursing station 3rd floor” numbers are which. Tag them or put them on a list. It’ll make finding them when you need them much easier.

2. Use a good note taking app and a good task manager app to help with both your in-hospital life and your outside-of-the-hospital life.

Here are some ways to use a notes app.
  • Make a note for each rotation you’re on. Add in any unstructured tips as they come up, like “Send all of Dr. X’s patients home with Y”, “Use the call room in the basement outside of the locker room, passcode 1234”, “Park in the X lot on the weekends”, “Dr. A likes to manage Z with Y”, “The case manager, NAME, usually sits at the computer behind the 2nd floor nurses station”, etc. Don't overthink them, just write them down when they come up. Review those notes the next time you rotate through because you will forget all those little things and they will help you in the future.
  • Create a master grocery list of all things you typically get at the grocery store. Share it with a roommate/partner so they can keep it updated too. That way if you ever stop to pick something up, you can review the list to make sure there’s nothing you’ll forget.
    • Make master lists for other things in your life too like “packing for a conference”, “packing for a family trip”, “Target/Wal-Mart household master list” so you can quickly review anytime something comes up so you minimize the chance of forgetting something
  • Make notes for all of the other stuff you have to manage in your life like your car, your apartment/house, your loans, etc and update them every time you work on that thing. Change your loan repayment? Add it to the note. Have to get your brakes fixed? Add to the note where you got it done, how much it cost, etc. Talk to your landlord about fixing the shower? Add it to the note. Have to call the medical board to sort something out with a license? Add it to the note.
  • I like two note apps on iOS: Bear for personal notes since it’s fast and has great tagging and Apple’s Notes app for shared notes
Pick a good task manager app and use it for all the things in your life that aren’t your day-to-day work
  • Cousin getting married and you can go to the wedding? Make tasks to ensure your time off, book your travel, buy a gift, rent a hotel room, etc. Then put all the relevant info into your note because...you will forget.
  • Pandemic is over and you get to present a poster at a conference? Make tasks to review your draft with your coauthors, print your poster, book your travel, submit your reimbursement, etc. Then put all the relevant info into a note. Otherwise, you’ll forget.
  • I like Things and have also liked OmniFocus. There is a ton of content on how to set one of these things up for productivity so review it and use it YouTube search

3. Take charge of your finances

When I was an intern, I figured all I had to do was pay my loans and not go into more debt. I wish I had done the following instead:
  1. Read these two books: The White Coat Investor and I Will Teach You To Be Rich. Both are very good and have different strengths. The WCI is directly applicable to you and will help educate you in ways medical school didn’t about your financial future. IWTYTBR is much more of a “millennial” book but it’s very good for explaining big concepts and for providing a system to set yourself up for success. They’re both easy and relatively quick reads and don’t require any financial background. WCI is fine as an e-book but IWTY has a bunch of dialog boxes that make the e-book a poor experience, get a physical new or used copy.
  2. Set up a budget. I use and swear by You Need A Budget. It’s the best money I spend every year. Their system is easy and straightforward and it doesn’t take long to get the hang of it. I can’t recommend it highly enough.

4. Update your CV now and keep it updated regularly

You will no doubt have to share your CV with someone at some point whether it’s for fellowship or a research project or any number of things. The time to work on it is not when someone says “can you share your CV?” -- that’s a recipe for omissions, typos and mistakes. The only thing you should be doing every time you share your CV is giving it a quick once-over to make sure you don’t spot any mistakes and to make sure it’s up to date
There are plenty of templates online and your training institution may even have a preferred format somewhere on their website. Your ERAS application will give you a good head start but most of your medical school CV lines will either be condensed or removed all together unless something was particularly notable. You can almost always find example CVs online from senior people in your department or institution with a quick web search -- use a few as a guide
Set a reminder / task to update your CV at regular intervals. Quarterly is good, yearly at least. Save new versions of it each time so you can refer to the old ones if you need to and name them in a way to let you know you’re always sharing the most recent version, e.g., LASTNAME_FIRST NAME_CV_2020-06. You will forget if the one marked “CV” only is the right one you want to share.

5. Subscribe to a couple of newsletters to stay up to date with the world outside of your hospital

  • For general news, your preferred newspaper probably has a daily email briefing. Otherwise, Axios AM/PM and Politico’s Playbook are both very good quick reads to stay up to date with current events.
    • Keep up with healthcare news so you know what’s going on in the healthcare system broadly
      • Axios Vitals is a great, quick daily healthcare news update
      • Politico’s Pulse and Morning eHealth are both very good and have quick facts at the beginning if you just want to skim
      • Rock Health’s Rock Weekly is a decent summary of each week in the healthcare startup and technology world
Pick a few of these and aim to get through them each day. If you can’t get through them, unsubscribe to the ones you think are least relevant to you so you never feel “behind” in staying up with the news. You can breeze through the few you pick in a few minutes here and there throughout the day -- don’t make it any harder than that to feel like you’re “up to date” on the news.

General tips for maintaining relationships

  • For any romantic relationship, do these things if you don’t already:
 1. Make a rule: no phones at the table. * Don’t put your phone on the table face-up. Don’t put your phone on the table face-down. Keep your phone off the table and set to silent. * Focus on the person in front of you and show them you care about them by paying attention to them. We all know what it feels like to be with someone more interested in their screen than in interacting with you. If you’re on call, say “sorry, I’m on call, I may have to check something here and there”, apologize if you do check it and then put your phone away. 2. Make another rule: no phones in bed * Same principle as at the table. Want to feel like two strangers just passing through life who just so happen to share the same bed? Wake up, reach for your phone and scroll through your feeds like a zombie before getting out of bed. Same idea before bed. Your phone can wait. 3. If you’re at the point where you share finances, set a regular meeting to review how you’re doing. * Ideally, this is a “red, yellow or green” meeting and should only take a few minutes. Money can be a big conflict issue for relationships and avoiding talking about money is a surefire way to eventually turn to conflict. If you have a budget and shared goals, this should be quick. * A monthly check-in is good. Create a recurring calendar event, attach the shared notes or spreadsheet document you use, add your goals for the meeting and honor the meeting when it comes around. 
  • Eat with people who are important to you, if you can.
    • There’s something about sharing a meal that’s special in human nature. Friends who are important to you? Partners? Mentors you’re looking to get to know better after you’ve had a few chats? Try to eat with them when you can. And keep your phone off the table.
    • The same idea works with your coresidents and teams in the hospital. Eat with them if you can. Eating with others builds, strengthens and maintains relationships. Keep your phone off the table if you can.
Think about it this way: who would you consider a better mentor, the person you’ve met with a few times in their office where they sit behind their desk and you in front of them while they glance at their computer screen every time it pings or the person who’s invited you to get coffee or food and they kept their phone away the whole time? Now turn that around and realize the power of the message you can send to people you care about by trying to eat with them and show them they have your full attention.

Hospital tips

1. Learn to think about tasks as a continuum from start to finish instead of as a binary 'done/not done'.

Let’s say you have to order a CT for a patient of yours.
  • Instead of marking the task as complete the second you place the order for the CT, recognize that the whole task is not just placing the order, but also knowing when your patient is going down to the scanner, when they’re back, when the CT is up in the system, when the report is up and also that you’ve looked at the CT yourself and have read the report.
  • When your senior or attending asks you, “Did patient X get their CT?”, a not-so-great answer is “Yes” or “No”. A better answer is “they’re down at the scanner now” or “the scan’s done but it hasn’t been read yet. Want to look at it?” or “Yes, it’s negative for XXX but did show YYY”.
Whatever system you eventually adopt for your day-to-day task management in the hospital, whether it’s a list or index cards or a printed signout sheet, make sure you’re tracking both when orders go in, when they’re complete, when they’re cancelled, etc. Just marking things as complete once you place the order isn’t enough.

2. Signout is taken, not given.

What I mean by this is that when you take signout, that means you’re accepting responsibility for those patients. They might be your patients, you might be cross-covering, it doesn’t matter. What matters is that when those patients are your responsibility, it’s your responsibility to get what you need to know to take care of them.
Is someone signing out to you in a hurry and not giving you what you need? Ask them for that relevant past medical history, those exam findings, and so on. It’s not enough for the person handing off to say “we’re worried about x or y”, you’ve got to follow that up with “in case of x or y, is there a plan for what the team wants me to do?”. Get the answers you need.
A lot of covering patients on call is playing defense whereas the primary team generally plays offense. But that doesn’t mean you can play defense in isolation. The last thing you want is for the primary team to feel surprised by your choices.
 * Here’s two ways for the above example to go when turning the patients you were covering back over the next day or whatever: 1. You: “For patient so-and-so, you said you were worried about x or y. Y happened.” Them: “What did you do?”. You: “Z”. Them: “Shit, my attending’s not gonna like that”. 2. You “Y happened so I did A like you said, it went fine and here’s the current status”. Them: “Great, thanks” * See the difference? 
  • Along the lines of taking responsibility for those patients, that means that if you couldn’t get the information you needed at signout then you have to go and see those patients and get the information you need yourself.
    • You’ll hear this idea said a bunch of different ways like “trust but verify”, “trust no one” and your comfort level will change over the year as you become more confident and comfortable. But always error on the side of going to see the patient and getting your own information at the start.

3. If you will be miserable without something when you’re in the hospital, bring it with you. You won’t reliably be able to find it at the hospital every time you need it.

  • Need coffee otherwise you turn into a demon? Bring it with you. You never know when you’ll get caught doing something and won’t be able to run to the cafeteria for your fix.
  • On call overnight and know you need food so you don’t go insane? Bring it with you. Here’s a hospital food rule: never rely on the hospital's ability to feed you. The hospital will let you down sooner or later, I guarantee it.
  • Know you always get cold on call? The day you forget your jacket/sweatshirt is the day you won’t be able to find a spare blanket in the hospital to save your life. Put a backup in your locker (if your hospital respects you enough to give you one).

Miscellaneous productivity, professionalism and lifestyle tips

1. Aim to “touch” everything only once

  • Example: your physical mail. You know, the stuff made of dead trees that accumulates in that box you check every once in a while. For every piece of mail you get, you should either trash it, file it, or act on it. Don’t touch it until you’re ready to do one of those things.
  • Example: your email. Either delete it, archive it, reply to it or do the thing it’s telling you to do right away. Don’t fall into the trap of using your inbox as a to-do list -- that’s a recipe to get burned. Use a task manager for your to-do list and aim to keep your inbox at zero. Realize that email’s true power is communication and use it as a communication tool and nothing else.
  • I’ll use the example of going to a wedding again as something to “touch once”. Aim to accomplish all the tasks at once or at least create tasks and reminders to complete those tasks all in one go. Respond to the RSVP, create the calendar invite with all the information from the invitation, share the calendar event with your date, book your travel, book your hotel, book your rental car, buy your gift from the registry and set a reminder to get your suit/dress cleaned a few weeks ahead, etc.

2. Lean to use your calendar as a tool

Professionals in the “real world” tend to live and die by their calendars. Some people, especially many senior people in medicine, don’t manage their own calendars. But you manage yours. With it you can:
  • Make sure all events—even small ones like dates or errands you want to run—have locations so all you have to do is click the location for directions
  • Send invites to friends / family / coworkers for anything you talk about doing that has the relevant info
  • Make reminders for yourself to prepare for upcoming events, i.e.., don’t count on seeing your parents’/spouses’/whomever’s birthday “coming up” to remind you to get a gift or send a card. Create an event two weeks before their birthday that says “Buy Mom a birthday card”, set it to repeat yearly and buy a card when it comes up, send it a few days later and don’t worry that it won’t get there in time.

3. Learn to use email well

Ever get an email from someone and feel their tone was terse, condescending or rude? Don’t be that person. Error on the side being polite and professional and writing in complete sentences without textspeak. It’s not hard — you type fast, even with your thumbs, I’m sure of it.
  • Learn to communicate effectively. Keep it short but not terse. State why you’re writing to someone, be clear if you’re asking a question, and think about it this way: “How am I making it as easy as possible for this person to understand why I’m emailing them and do what I’m asking them to do?
  • Don’t use a canned salutation like “Best, NAME” or even worse: “Best, INITIALS”. Use your salutation to continue to communicate your message and remember that politeness and professionalism extend through your signature.
    • I don’t know why “Best,” is so common in medicine but it’s meaningless, unthoughtful, inherently passive aggressive and I seriously read it as if the person writing it were signing off by saying “Go f*ck yourself,”. Same thing for “Regards,” and its ilk, any abbreviation like “vr,” or any form of cutesy quote.
    • Write your salutation fresh each time. Did you ask someone for something? Say “Thank you for your help”. Are you writing someone senior to you and want to sound somewhat formal? “Sincerely,” never goes out of style. Are you sharing information and essentially writing a memo? Use “Please let me know if you have any questions”. Your salutation is communication, treat it that way.
    • Sign with your name, not your initials. Signing with initials is a common way senior people will try to remind you they’re senior to you. If you do it, it’s like you’re trying to prove you’re a Cool Guy Big Shot too. It never comes across well -- even for those senior people. Initials are terse. Lowercase initials are even terser. Although they may look different at first glance, all initial signatures functionally come across as ‘FU’. Write your name.
      • If it’s a few rounds back and forth of email, it’s normal drop salutations and signatures and treat email more like texting. Keep using complete sentences without textspeak, though. I promise you’ll come across better that way.
    • Use the ‘signature’ feature of your email client to share your professional details and contact information
      • Your institution (not department) will hopefully have a format for this that’s standardized and includes minimal or no graphics. If it doesn't, then I feel sorry for all the inevitable IT headaches you will eventually endure at your institution since they clearly underfund and undervalue contemporary IT and professional services. It’s the wild west out there so find some good examples of clean, professional signature formats and make one for yourself.
      • Note: this signature lives below your salutation and sign off. It’s essentially the letterhead for your email that lets your recipient fill in the details you may not otherwise provide like your department, mailing address or fax number. It’s not a replacement for signing off of your communication professionally.
    • Never use bold, italics, underlines or different font sizes in your emails. They only make emails harder to read and jumble your message.
  • If you want to highlight something, put it in a numbered or bulleted list.
    • If you can’t communicate what you want with 2-3 bulleted points, then email is not the right medium to use. Do you like reading long emails? Of course you don’t. Write a memo, attach it as a PDF or shared doc and use the email to tell your recipients to review the attachment.
  • You will eventually, in some way or another, ask someone to introduce you to one of their contacts and or refer you for something. Learn how to write a good forwardable email that utilizes the double opt-in concept and how to make it easy on the person doing you the favor. Read more here, here and here.
    • While you’re at it, understand the power of using CC and BCC to communicate effectively.
  • Aim to answer all emails written directly to you within 24 hours.
    • If you can’t respond fully right away, respond briefly saying you got the note and that you’ll work on it and get back to them. Set a reminder or create a task to do or review the thing and get back to them once you’ve done it.
    • Do you hate being left on read in text? You do it in email every time you don’t respond to someone in a timely fashion. It’s better to share a quick, “I got it and I’m working on it message” then not replying until days or weeks later.

4. Don’t let someone else’s negative energy and/or anxiety transfer to you

You will frequently experience things like this in the hospital:
  • A co-resident disagrees with a management decision made at rounds and mentions that so-and-so is an idiot. So-and-so probably isn’t an idiot. Your co-resident probably isn’t an idiot either. Form your own opinions from your own experiences.
  • A nurse pages you with a tone that says “THIS IS REALLY BAD”. It might be, go and see. And on your way, stay calm and go over the steps in your head of what you’d do if it is, in fact, REALLY BAD. But don’t freak yourself out before you even get to the room. You won’t be able to make decisions with a clear head if you’re already worked up.
  • You’re a surgery intern and all your patients are normally on the med-surg floor. Every once in a while, one goes somewhere like heme-onc if the med-surg floor is full. Someone on your team says something like “great, now they’re going to screw up our patient”. Recognize that that floor isn’t full of terrible nurses and may just have less experiences with lines and drains and that the best thing you can do is go down there, talk to the nurse and say “here’s what we want to be called about” and “this thing may look bad but it usually isn’t and we don’t need to be called, here’s why”, and so on. Doing things like this will mean you get fewer calls. Fewer calls are good.
  • Your attending is having a bad day and you’re not enjoying your interactions with them. Don’t let that make you have a bad day too. Medicine is hard enough as it is, stick to your own bad days instead adopting other people’s. Then pull up your friend list, text a buddy and feel better.

5. Don’t neglect your physical health. Trying to eat well and stay active are even more important when you’re insanely busy.

The #1 thing you can do to help your waistline is cook your own food and pack your own meals. It doesn’t matter what you cook or how good of a cook you are, as long as you’re aiming to pack meals that an adult would eat, it will be healthier than takeout and cafeteria food. It’s better for portion control, you control all the ingredients and you get a sense of satisfaction for being on the ball. It’s better in every way.
I know it’s not realistic to always prep and pack your own food on the busiest of services but you should try to hit at least a percentage like 25% or 50% of your meals. There are no lost causes in your own health.
It will be hard to exercise and work out. You should still try to do it anyway. You will go long stretches without exercising at times. Don’t beat yourself up about it. Every day is a chance to do the thing you want to do so get back out there.

6. If your social profiles are private, consider doing some housekeeping and making them public.

Instead of thinking about them as a liability to be that needs to be hidden, think about them as a narrative you can control.
Nothing is private on the internet. Even your private profile. You never know who knows someone you know or what may get screenshotted and shared down the line.
It’s natural to run a web search on anyone you’re meeting for a date, interviewing with for a job, or researching in general. When you search your own name, what comes up? What do you think when you’re searching for someone and they have a private page? Do you ever click on a few links to see professional stuff from LinkedIn, and then some social pages to see what else you learn? So does everyone else.
Use your social pages to put forward a version of you that shows who you are, shows some interests true to yourself, makes you seem like a totally normal and reliable person (which is exactly what any potential date, partner, fellowship director or hiring manager is asking themselves about you) and doesn’t share enough information to let a patient show up at your door.
Medicine lags behind other industries with people still commonly hiding behind private pages. In the tech world, it’s more strange to not have a public page. A private page says more about you that you might want to hide red flags whereas a public page says “go ahead and look, you won’t find any red flags”. One is much more powerful than the other.

Closing and something to read

When you view your professional life, it’s natural to view your professional relationships as being a binary one between patient and physician. That’s certainly essential and certainly important, but as a professional you now have relationships to consider with so many more types of people: co-residents, faculty in your department, faculty in other departments, administrators, support staff, medical students, and so on.
Just as you had to learn how to work with patients, you will have to learn to work with all of the other people in your professional life. Truly effective professionals will treat all interactions importantly and give thought and consideration to each one. All these interactions and relationships will all affect your day-to-day experience, your well-being and, ultimately, your professional experience.
You will find yourself being not just responsible for your patients, but also for yourself, your career and your relationships. It takes effort to succeed in all of those areas. And even with effort, sometimes you’ll be winning in an area and losing in others. And in a few months it will be different -- that’s just life.
I want you to consider looking outside of books and resources written specifically for physicians when you’re trying to tackle these issues inside the hospital and out.
Medicine is a much-smaller-than-you-realize bubble with a long history of personality-driven examples of “that’s just the way we do it” or “that’s how we’ve always done it”. There are good books about medicine out there, to be sure, but you’ll benefit more professionally by learning from the wide world outside of hospitals since there are quite simply many more successful and accomplished people who’ve written great resources for all aspects of professional life that medicine tends to ignore.
I’d recommend you start with this book: Andy Grove’s High Output Management (a review by another Valley titan here). Andy escaped communist Hungary, taught himself English and rose to be CEO of Intel and went on to be a sage of Silicon Valley before he passed. This book is a how-to guide for how to be an effective professional in an organization (hint: you're now a professional in an organization) and if you’ve enjoyed this post at all, you’ll love this book. You may think that this book applies to ‘managers’ and ‘business’ and not medicine but you couldn’t be more wrong. Although it was probably written around the time you were born, nearly everything in this book is a lesson that directly applies to your professional life in medicine and when you start seeing it, you’ll feel like you’re in The Matrix.
Congratulations! You've worked hard to get here. Be proud of yourself, your degree, your long white coat and be the best doctor you can be.
submitted by kiteandkey to Residency [link] [comments]

Searchable table of all quest and hideout upgrade items 0.12.6

Taken from the official wiki. If you have any corrections let me know and I'll edit. Copiable to a spreadsheet application if you want to start crossing items out.
Lvl 10 requirement - 57124 XP
Trader Quest Type Objectives
Prapor Debut Elimination Kill 5 Scavs at Customs; Hand over 2 MP-133 pump-action shotguns
Prapor Checking PickUp Find the bronze pocket watch; (Optional) Find the key to the tank truck; Hand over the bronze pocket watch to Prapor
Prapor Shootout picnic Elimination Neutralize 15 Scavs on Woods
Prapor Delivery from the past PickUp Find a secure case in the Tarcone Director's Office at the Customs terminal; Leave the case in the Factory swing room, on 2nd floor of shop 3; Survive and exit Factory location
Prapor BP depot Discover Mark fuel tank №1 with beacon on Customs; Mark fuel tank №2 with beacon on Customs; Mark fuel tank №3 with beacon on Customs; Mark fuel tank №4 with beacon on Customs; Survive and leave the area
Prapor Bad rep evidence PickUp Find secure folder 0031 in a bunkhouse on Customs; (Optional) Gain access to the closed room in the Factory offices; (Optional) Find the bunkhouse key; Hand over secure folder 0031 to Prapor; Survive and exit Customs location
Prapor Ice cream cones PickUp Find 6 60-round mags for AK; (Optional) Find the key from the bunker in the Terragroup employee room; (Optional) Locate the right bunker in the Woods; Hand over 6 60 round mags for AK to Prapor
Prapor Postman Pat - Part 1 PickUp Find a letter on a messenger in the Factory; Survive and exit Factory location; Hand over the letter to Therapist
Prapor Shaking up teller PickUp Find something valuable in the dorm room 203; (Optional) Gain access to room 214; Hand over the item to Prapor
Prapor The Punisher - Part 1 Elimination Kill 15 Scavs at the Shoreline using AKM series weapon
Prapor The Punisher - Part 2 Elimination Kill 12 Scavs at the Shoreline using a suppressed weapon; Find in raid 7 lower half-masks; Hand masks over to Prapor
Prapor The Punisher - Part 3 Elimination Kill 25 Scavs on Customs using AKS-74U
Prapor The Punisher - Part 4 Elimination Kill 10 Scavs in Woods using 12 gauge shotguns; Kill 10 PMCs on Shoreline while wearing a balaclava and a scav vest.; Find in raid 5 knives Bars A-2607; Handover knives to Prapor
Prapor The Punisher - Part 5 PickUp Find 3 AK-74N; Handover AK-74N rifles to Prapor; Find 3 M4A1 assault rifles; Handover M4A1 rifles to Prapor; Find 5 PM pistols; Handover pistols to Prapor; Kill 10 PMC operatives. You must be wearing a PACA vest and 6b47 helmet
Prapor The Punisher - Part 6 Elimination Kill 15 PMC operators. You must use SVD; Find 7 PMC USEC dogtags; Hand over 7 PMC USEC dogtags; Find 7 PMC BEAR dogtags; Hand over 7 PMC BEAR dogtags
Prapor Polikhim hobo Elimination Kill 25 Scavs on Customs
Prapor Big customer Completion Find a transport with chemicals; Mark the chemical transport with a beacon; Survive and extract Customs
Prapor No offence PickUp Find 10 M67 grenades; Handover grenades to Prapor
Prapor Grenadier Elimination Kill 12 PMC's with grenades
Prapor Perfect mediator Standing Reach 4-th level of standing with Ragman; Reach 4-th level of standing with Skier; Reach 4-th level of standing with Mechanic; Reach 4-th level of standing with Peacekeeper; Reach 4-th level of standing with Prapor; Reach 4-th level of standing with Therapist
Prapor Insomnia Elimination Kill 30 PMC's during nighttime (23 to 04)
Prapor Test drive - Part 1 Elimination Kill 5 PMC's using an M1A with a Hybrid 46 silencer and a Trijicon REAP-IR thermal scope
Prapor Regulated materials PickUp Find in raid military battery; Handover military battery; Find in raid 10 30-mil. shells for BMP cannon; Handover 10 30-mil. shells for BMP cannon
Therapist Shortage PickUp Find 5 Salewa kits; Hand over 5 Salewa kits to Therapist
Therapist Sanitary Standards - Part 1 PickUp Find gas analyzer; (Optional) Get access to the pumping station at the Factory; Hand over the gas analyzer to Therapist
Therapist Sanitary Standards - Part 2 Completion Find in raid 2 gas analyzers; Hand over the gas analyzers to Therapist
Therapist Operation Aquarius - Part 1 PickUp Find hidden water in the dorm; Survive and extract Customs
Therapist Operation Aquarius - Part 2 Elimination Eliminate 15 Scavs on Customs
Therapist Painkiller PickUp Find in raid 4 morphine syringes; Hand the syringes over to Therapist
Therapist Pharmacist PickUp Find a case with the device; (Optional) Find the paramedic's car; (Optional) Get into dorm room 114; Hand over the case to Therapist
Therapist Supply plans PickUp Find the secure folder on the sawmill; Survive and exit Woods location; Hand over the folder to Therapist
Therapist General wares Completion Find in raid 15 cans of meat; Hand the cans over to Therapist
Therapist Car repair PickUp Find in raid 4 car batteries; Find in raid 8 spark plugs; Hand car batteries over to Therapist; Hand spark plugs over to Therapist
Therapist Health Care Privacy - Part 1 Discover Mark 1st ambulance; Mark 2nd ambulance; Mark 3rd ambulance; Survive and exit the location
Therapist Health Care Privacy - Part 2 Discover Gather info on the fate of the Terragroup research; Hand over info on the fate of the Terragroup research; Survive and exit the location
Therapist Health Care Privacy - Part 3 Discover Find the car that belonged to the head of the Medical Service; Pick up the blood sample; Hand over the blood sample; Survive and exit the location
Therapist Health Care Privacy - Part 4 Skill Increase Health skill level to 4
Therapist Health Care Privacy - Part 5 Multi Locate the drop spot in the nighttime in Factory; Obtain 3 packs of gunpowder and leave them in the designated spot
Therapist Postman Pat - Part 2 PickUp Hand over the letter from messenger to the Therapist
Therapist Out of curiosity PickUp Find a transport with chemicals; Mark the chemical transport with a beacon; Survive and extract Customs
Therapist Trust regain PickUp Find 303 dorm room key; Find ZB-014 key; Find the customs military checkpoint key; Find gas station closet key; Hand over 303 key; Hand over ZB-014 key; Hand over the checkpoint key; Hand over closet key
Therapist Hippocratic Vow Completion Handover 500 dollars.
Therapist Private clinic Completion Handover 3 Ophthalmoscopes; Handover 3 LEDX Skin Transilluminators
Therapist Athlete Skill Earn 10 Health skill level
Therapist Decontamination service Elimination Kill 30 Scavs at the Interchange, from the range less than 60 meters.You must be wearing spec. gear
Therapist An apple a day - keeps the doctor away Completion Handover 400,000 roubles
Skier Supplier PickUp Hand over 4 body armor to Skier; Hand over 4 shotguns to Skier
Skier The Extortionist PickUp Find the hidden valuable cargo; (Optional) Find the messenger body; (Optional) Find a place where the messenger hid the item; Hand it over to Skier
Skier Stirrup Elimination Eliminate 3 PMC operators. You must be using pistols
Skier What's on the flash drive? PickUp Find in raid two USB flash drives with information; Hand them over to Skier
Skier Golden swag Completion Find a Gilded Zibbo lighter; Leave the lighter in the bunkhouse in the trailer parking (Customs)
Skier Chemical - Part 1 PickUp Find some information about the Deputy Chief's past life; (Optional) Find a sleeping place of the former Deputy Chief of Security Hand it over to Skier; Find items that can help the investigation; Hand them over to Skier
Skier Chemical - Part 2 PickUp Find any information that could help with the investigation; Hand it over to Skier; Find any evidence that could help with the investigation; Hand the evidence over to Skier
Skier Chemical - Part 3 PickUp Find a Syringe with a chemical in the Factory; Hand over the syringe to Skier
Skier Chemical - Part 4 PickUp Find a transport with chemicals; Mark the chemical transport with a beacon; Survive and extract Customs
Skier Loyalty buyout Standing Give 1 million roubles to Skier
Skier Friend from the West - Part 1 Elimination Kill 7 USEC Find 7 PMC USEC dogtags; Hand over 7 PMC USEC dogtags
Skier Friend from the West - Part 2 Merchant Hand over $6,000
Skier "Vitamins" - Part 1 PickUp Get first Chemical container; Hand over first Chemical container; Get second Chemical container; Hand over second Chemical container; Get third Chemical container; Hand over third Chemical container
Skier "Vitamins" - Part 2 PickUp Find in raid 3 Medical bloodset; Hand over Medical bloodset, 3 pcs; Find in raid 4 Respirator; Hand over Respirator, 4 pcs
Skier Lend lease - Part 1 PickUp Get first Motor Controller; Hand over first controller; Get second Motor Controller; Hand over second controller; Get third Motor Controller; Hand over third controller; Get first Single-axis Fiber Optic Gyroscope; Hand over first Single-axis Fiber Optic Gyroscope; Get second Single-axis Fiber Optic Gyroscope; Hand over second Single-axis Fiber Optic Gyroscope
Skier Informed means armed Completion Install a WIFI camera to watch the pier; Install the WIFI camera to watch the road to port; Install the WIFI camera to watch Kiba Arms store
Skier Chumming Completion Stash 3 gold chains under the mattress next to BTR-80A; Stash 3 gold chains in the microwave on the 3rd floor of dorms; Stash 3 gold chains in the middle accommodation unit of the sawmill; Kill 5 PMC operators on Interchange in time period from 23:00 till 10:00
Skier Kind of sabotage PickUp Hand over folder 0052 to Skier
Skier Silent caliber Elimination Kill 20 Scavs with a suppressed 12 gauge shotgun; Kill 10 PMC's with a suppressed 12 gauge shotgun
Skier Flint Skill Earn 8 Stress Resistance skill level
Skier Bullshit Discovery Find False flash drive; Put fake flash drive (Dorms, 3-rd floor. Pile of trash opposite the stairs) Put sniper rifle SV-98 (Dorms, 3-rd floor. Pile of trash opposite the stairs; Put Roler watch (Dorms, 3-rd floor. Pile of trash opposite the stairs) Do not kill Scavs at Customs until the quest is completed
Skier Setup Elimination Kill 15 PMC's at Customs. You must be wearing spec. gear
Peacekeeper Fishing Gear Completion Find the secret spot; Leave sniper rifle in place; Leave multitool in place; Survive and leave the area
Peacekeeper Tigr Safari Discover Mark first Tigr vehicle at Customs; Mark second Tigr vehicle at Customs; Mark third Tigr vehicle at Customs; Survive and leave the area
Peacekeeper Scrap Metal Discover Mark first tank T-90 at Shoreline; Mark second tank T-90 at Shoreline; Mark third tank T-90 at Shoreline; Survive and leave the area
Peacekeeper Eagle Eye PickUp Find the first UAV crash site; Find SAS disk from the first crashed drone; Hand over SAS disk from the first crashed drone; Find the second UAV crash site Find SAS disk from the second crashed drone; Hand over SAS disk from the second crashed drone
Peacekeeper Humanitarian Supplies Discover Mark first truck with lost UN cargo; (Optional) Find first truck with lost UN cargo; Mark second truck with lost UN cargo; (Optional) Find second truck with lost UN cargo; Find 5 MRE ration packs; Deliver 5 MRE ration packs to Peacekeeper; Kill 10 Scavs at the Shoreline. You must be wearing UN uniform (MF-UNTAR armor vest and UNTAR helmet); Survive and leave the area
Peacekeeper Redacted quest - Part 1 Exploration Find the missing informant Survive and leave the area
Peacekeeper Redacted quest - Part 2 Exploration Put the beacon on the ritual spot at the Customs; Put the beacon on the ritual spot in the Woods; Put the beacon on the ritual spot in the Shoreline; Survive and leave the area
Peacekeeper Spa Tour - Part 1 Elimination Kill 7 Scavs at the Shoreline with 12 gauge shotgun headshots
Peacekeeper Spa Tour - Part 2 Exploration Mark the helicopter with a beacon Mark a safe road with a beacon Survive and leave the area
Peacekeeper Spa Tour - Part 3 PickUp Find in raid WD-40 100ml; Hand over WD-40 100ml; Find in raid Clin wipers, 2 pcs; Hand over Clin wipers, 2 pcs; Find in raid Corrugated hoses, 2 pcs; Hand over Corrugated hoses, 2 pcs; Find in raid Ox bleach, 2 pcs; Hand over Ox bleach, 2 pcs
Peacekeeper Spa Tour - Part 4 Discover Find generators in right wing; Find generators in left wing; Survive and leave the area
Peacekeeper Spa Tour - Part 5 PickUp Find the key from the locked resort rooms; Hand over key from the locked resort rooms
Peacekeeper Spa Tour - Part 6 Standing Hand over $8,000
Peacekeeper Spa Tour - Part 7 PickUp Find in raid Morphine injector, 4 pcs; Hand over Morphine injector, 4 pcs; Find in raid Heat-exchange alkali surface washer, 2 pcs; Hand over Heat-exchange alkali surface washer, 2 pcs; Find in raid Corrugated hose, 2 pcs; Hand over Corrugated hose, 2 pcs; Find in raid 5L propane tank, 2 pcs; Hand over 5L propane tank, 2 pcs
Peacekeeper Cargo X - Part 1 PickUp Find the cargo record in the computer room; Hand over the retrieved data to Peacekeeper
Peacekeeper Cargo X - Part 2 Exploration Find a room with reservoirs; Find any information on the second part of the shipment; Give the info on the second part of the cargo to Peacekeeper
Peacekeeper Cargo X - Part 3 Multi Find hidden Terragroup cargo; Survive and leave the area
Peacekeeper Lend lease - Part 2 PickUp Find in raid Military COFDM wireless Signal Transmitter; Find in raid 2 Virtex programmable processors; Handover Military COFDM wireless Signal Transmitter; Handover 2 Virtex programmable processors
Peacekeeper Wet Job - Part 1 Elimination Kill 10 Scavs at the Shoreline using a suppressed M4 or ADAR
Peacekeeper Wet Job - Part 2 Exploration Find the fisher's dwelling; Set the beacon; Survive and leave the area
Peacekeeper Wet Job - Part 3 Exploration Find Artyom's car; Survive and leave the area
Peacekeeper Wet Job - Part 4 PickUp Find a list of resort tenants; Hand over the list of tenants to Peacekeeper
Peacekeeper Wet Job - Part 5 PickUp Find info on Artyom's work; Hand over the info to Peacekeeper
Peacekeeper Wet Job - Part 6 Skill Reach level 7 in Sniper rifle handling skill
Peacekeeper The guide Exploration Survive at Interchange (Status: Survived); Survive at Shoreline (Status: Survived); Survive at Factory (Status: Survived); Survive at Laboratory (Status: Survived); Survive at Woods (Status: Survived); Survive at Customs (Status: Survived); Survive at Reserve (Status: Survived)
Peacekeeper Peacekeeping mission Elimination Kill 12 Scavs on Customs while dressed in the UN uniform (UNTAR helmet, MF-UNTAR armor vest, Colt M4A1); Kill 12 Scavs on Interchange while dressed in the UN uniform (UNTAR helmet, MF-UNTAR armor vest, Colt M4A1); Kill 12 Scavs on Shoreline while dressed in the UN uniform (UNTAR helmet, MF-UNTAR armor vest, Colt M4A1); Kill 12 Scavs on Woods while dressed in the UN uniform (UNTAR helmet, MF-UNTAR armor vest, Colt M4A1)
Peacekeeper Mentor Completion Handover 50,000 euros
Mechanic Gunsmith - Part 1 Parameter-oriented modding Modify MP-133 to comply with the required specification
Mechanic Gunsmith - Part 2 Parameter-oriented modding Modify AKS-74U to comply with the required specification
Mechanic Gunsmith - Part 3 Parameter-oriented modding Modify MP5 to comply with the required specification
Mechanic Gunsmith - Part 4 Parameter-oriented modding Modify M4A1 to comply with the required specification
Mechanic Gunsmith - Part 5 Parameter-oriented modding Modify DVL-10 to comply with the required specification
Mechanic Gunsmith - Part 6 Parameter-oriented modding Modify R11 RSASS to comply with the required specification
Mechanic Gunsmith - Part 7 Parameter-oriented modding Modify Remington Model 870 to comply with the required specification
Mechanic Gunsmith - Part 8 Parameter-oriented modding Modify AKM to comply with the required specification
Mechanic Gunsmith - Part 9 Parameter-oriented modding Modify AKS-74N to comply with the required specification
Mechanic Gunsmith - Part 10 Parameter-oriented modding Modify AK-105 to comply with the required specification
Mechanic Gunsmith - Part 11 Parameter-oriented modding Modify AS VAL to comply with the required specification
Mechanic Gunsmith - Part 12 Parameter-oriented modding Modify AK-102 to comply with the required specification
Mechanic Gunsmith - Part 13 Parameter-oriented modding Modify SIG MPX to comply with the required specification
Mechanic Gunsmith - Part 14 Parameter-oriented modding Modify AKMN to comply with the required specification
Mechanic Gunsmith - Part 15 Parameter-oriented modding Modify M1A to comply with the required specification
Mechanic Gunsmith - Part 16 Parameter-oriented modding Modify M4A1 to comply with the required specification
Mechanic Farming - Part 1 Completion Fix the first control board Fix the second control board Survive and leave the area
Mechanic Farming - Part 2 PickUp Find in raid Powercord, 2 pcs; Hand over Powercord, 2 pcs; Find in raid T-Shaped Plug, 4 pcs; Hand over T-Shaped Plug, 4 pcs; Find in raid Printed circuit board, 2 pcs; Hand over Printed circuit board, 2 pcs
Mechanic Farming - Part 3 Completion Find a warehouse of confiscate; Get package with graphics cards; Hand over package with graphics cards
Mechanic Farming - Part 4 PickUp Find in raid Graphics card, 3 pcs; Hand over Graphics card, 3 pcs; Find in raid CPU Fan, 8 pcs; Hand over CPU Fan, 8 pcs
Mechanic Signal - Part 1 Discover Find the first signal source; Find the second signal source; Survive and leave the area
Mechanic Signal - Part 2 PickUp Find in raid 3 PC CPU; Find in raid 3 Rechargeable battery; Find in raid 3 Printed circuit board; Find in raid 3 Broken GPhone; Hand over PC CPU, 3 pcs; Hand over Rechargeable battery, 3 pcs; Hand over Printed circuit board, 3 pcs; Hand over Broken GPhone, 3 pcs
Mechanic Signal - Part 3 Completion Place first jammer; Place second jammer; Place third jammer; Survive and leave the area
Mechanic Signal - Part 4 Skill Increase memory skill level to 4
Mechanic Bad habit PickUp Find in raid Malboro cigarettes, 5 pcs; Hand over Malboro cigarettes, 5 pcs; Find in raid Strike cigarettes, 5 pcs; Hand over Strike cigarettes, 5 pcs; Find in raid Wilston cigarettes, 5 pcs; Hand over Wilston cigarettes, 5 pcs
Mechanic Scout Completion Find a way out of the factory 1; Find a way out of the factory 2; Find a way out of the factory 3; Survive and exit the location
Mechanic Insider Standing Reach level 3 loyalty with Prapor
Mechanic Psycho Sniper Skill Upgrade the Sniper skill to level 9
Mechanic Import PickUp Find in raid UHF RFID Reader; Find in raid VPX Flash Storage Module; Handover UHF RFID Reader; Handover VPX Flash Storage Module
Mechanic Fertilizers PickUp Find in raid 5 Wires Find in raid 5 Capacitors; Handover 5 Wires; Handover 5 Capacitors
Mechanic A Shooter Born in Heaven Elimination Kill 3 PMCs with headshots in the Woods from a distance of more than 100 meters.; Kill 3 PMCs with headshots in the Interchange from a distance of more than 100 meters.; Kill 3 PMCs with headshots in the Shoreline from a distance of more than 100 meters.; Kill 3 PMCs with headshots in the Customs from a distance of more than 100 meters.
Mechanic Introduction Completion Find Jaeger's camp; Find Jaeger's message; Handover the message to the Mechanic
Ragman Only business Merchant Obtain level 2 loyalty with Ragman
Ragman Make ULTRA Great Again Completion Kill 25 Scavs at the Interchange.
Ragman Big sale Exploration Check AVOKADO; Check KOSTIN; Check tRend Check DINO CLOTHES Check TOP BRAND Survive and leave the area
Ragman The Blood of War - Part 1 Completion Mark tank 1; Mark tank 2; Mark tank 3; Survive and leave the area
Ragman Dressed to kill Completion Hand over Ushanka ear-flap cap, 7 pcs; Hand over Kinda cowboy hat, 7 pcs
Ragman Gratitude Completion Find the secret spot; Leave the Ghost balaclava in place; Leave the Shemagh in place; Leave the RayBench sunglasses in place; Leave the Round frame sunglasses in place
Ragman Sales Night Completion Survive in the raid at Interchange 7 times
Ragman Hot delivery Completion Stash Peltor ComTac 2 in specified place, 2 pcs; Stash 6B47 Ratnik-BSh Helmet in specified place, 2 pcs; Stash BNTI Gzhel-K armor in specified place, 2 pcs
Ragman Database - Part 1 Exploration Get Goshan cargo manifests; Hand over Goshan cargo manifests; Get OLI cargo manifests; Hand over OLI cargo manifests; Get IDEA cargo manifests; Hand over IDEA cargo manifests
Ragman Database - Part 2 Completion Get OLI cargo route documents; Hand over OLI cargo route documents
Ragman Minibus Completion Mark first minibus; Mark second minibus; Mark third minibus; Survive and leave the area
Ragman Sew it good - Part 1 PickUp Find in raid Ski hat with holes for eyes; Hand over Ski hat with holes for eyes; Find in raid Pilgrim tourist backpack; Hand over Pilgrim tourist backpack
Ragman Sew it good - Part 2 PickUp Get Gzhel in 0-50% condition; Hand over Gzhel in 0-50% condition; Get Gzhel in 50-100% condition; Hand over Gzhel in 50-100% condition
Ragman Sew it good - Part 3 PickUp Get 6B43 with 0-50% condition; Hand over 6B43 with 0-50% condition; Get 6B43 with 50-100% condition; Hand over 6B43 with 50-100% condition
Ragman Sew it good - Part 4 PickUp Find in raid 2 Wartech (TV-109, TV-106); Hand over 2 Wartech (TV-109, TV-106); Find in raid 2 BlackRock chest rig; Hand over 2 BlackRock chest rig
Ragman The Blood of War - Part 2 PickUp Find in raid Fuel conditioner, 4 pcs; Hand over Fuel conditioner, 4 pcs
Ragman The Blood of War - Part 3 Completion Find and mark first fuel stash; Find and mark second fuel stash; Find and mark third fuel stash; Survive and leave the area
Ragman The key to success PickUp Get Clothes design handbook Part 1; Hand over Clothes design handbook Part 1; Get Clothes design handbook Part 2; Hand over Clothes design handbook Part 2
Ragman Living high is not a crime - Part 1 PickUp Find in raid Bronze lion, 2 pcs; Hand over Bronze lion, 2 pcs; Find in raid Horse figurine, 2 pcs; Hand over Horse figurine, 2 pcs; Find in raid Cat figurine Hand over Cat figurine; Find in raid Roler submariner gold wrist watch; Hand over Roler submariner gold wrist watch
Ragman Living high is not a crime - Part 2 PickUp Find in raid 3 antique teapots; Find in raid 2 antique vases; Handover 3 antique teapots; Handover 2 antique vases
Ragman Charisma brings success Skill Increase the Charisma level to 10
Ragman No fuss needed Standing Increase the Therapist loyalty level to 3
Ragman Supervisor PickUp Get key from Goshan cash registers; Hand over key from Goshan cash registers
Ragman Scavenger Skill Earn 9 Search skill level
Ragman The stylish one Elimination Eliminate Killa 100 times
Ragman Textile - Part 1 Pickup Obtain in raid 5 pcs. of Aramid fiber cloth; Obtain in raid 10 pcs. of Ripstop cloth; Obtain in raid 3 pcs. of paracord; Hand over Aramid fiber cloth 5 pcs.; Hand over Ripstop cloth 10 pcs.; Hand over paracord 3 pcs.
Ragman Textile - Part 2 Pickup Obtain in raid 10 pcs. of Fleece cloth; Hand over Fleece cloth 10 pcs.; Obtain in raid 10 pcs. of Polyamide fabric Cordura; Hand over Polyamide fabric Cordura 10 pcs.; Obtain in raid KEKTAPE duct tape 5 pcs.; Hand over KEKTAPE duct tape 5 pcs.
Jaeger Acquaintance Completion Get 5 Iskra lunch box; Get 6 packs of Emelya rye croutons; Get 3 cans of delicious beef stew
Jaeger The survivalist path - Unprotected, but dangerous Completion Kill 5 scavs on Woods. You should not wear body armor
Jaeger The survivalist path - Thrifty Completion Stash "Iskra" MRE in the ZB-016 bunker; Stash bottle of water in the ZB-016 bunker; Stash "Iskra" MRE in the ZB-014 bunker; Stash bottle of water in the ZB-014 bunker
Jaeger The survivalist path - Zhivchik Experience Spend 5 minutes in a state of complete dehydration
Jaeger The survivalist path - Wounded beast Completion Kill 4 scavs while suffering from pain effect
Jaeger The survivalist path - Tough guy Completion Eliminate 4 scavs on Woods in a single raid. You must not use medicine. Don't use any medicine during the quest
Jaeger The survivalist path - Cold blooded Completion Eliminate 3 PMCs with the headshot while having tremor
Jaeger The survivalist path - Junkie Elimination Kill 20 scavs on Woods while having stimulant effects
Jaeger The survivalist path - Combat medic Completion Reach level 5 Vitality skill
Jaeger Huntsman path - Secured perimeter Completion Eliminate 8 PMС on Factory in the office area
Jaeger Huntsman path - The trophy Completion Eliminate Reshala; Find in raid the golden TT; Handover golden TT to Jaeger
Jaeger Huntsman path - Woods cleaning Completion Kill 40 scavs all over the Tarkov territory
Jaeger Huntsman path - Controller Completion Kill 2 PMCs blinded with the flashbang
Jaeger Huntsman path - Sell-out Elimination Eliminate Killa; Find In Raid Killa's helmet; Handover Killa's helmet to Jaeger
Jaeger Huntsman path - Woods keeper Completion Eliminate Shturman; Find in raid Shturman's key; Handover the Shturman's stash key to Jaeger
Jaeger Huntsman path - Justice Completion Kill 3 scavs that are dressed in police uniform
Jaeger Huntsman path - Evil watchman Completion Kill 7 PMCs in the Dorms area on Customs
Jaeger Huntsman path - Eraser - Part 1 Completion Find and eliminate Glukhar
Jaeger Huntsman path - Eraser - Part 2 Completion Eliminate 8 raiders
Jaeger Ambulance Completion Find in raid portable defibrillator; Find in raid 2 CMS surgery kits; Handover portable defibrillator; Handover 2 CMS surgery kits
Jaeger Shady business PickUp Find in raid 3 flash drives; Handover 3 flash drives
Jaeger Nostalgia Completion Find a room with the view of a bay, where Jaeger was staying; Find Jaegers' photo album; Handover photo album to Jaeger
Jaeger Fishing place Completion Find in raid 3 TerraGroup Labs access keycards; Handover 3 TerraGroup Labs access keycards
Jaeger Courtesy visit Completion Find priest house; Find fisherman house Find chairman house
Jaeger Hunting trip Completion Give the Jaeger 3x M700 sniper rifles of a certain configuration
Jaeger Reserv Completion Find the food storage
Jaeger "The Tarkov shooter" - Part 1 Elimination Kill 8 Scavs over 40 meters away with a Mosin rifle without a scope
Jaeger "The Tarkov shooter" - Part 2 Elimination Make 3 hits in the legs from more than 60 meters away with a Mosin Make 2 headshots from more than 60 meters away with a Mosin
Jaeger "The Tarkov shooter" - Part 3 Elimination Kill 4 PMC operatives with a Mosin at close range, less than 25 meters away
Jaeger "The Tarkov shooter" - Part 4 Elimination Level up the Sniper Rifles skill to 4
Jaeger "The Tarkov shooter" - Part 5 Elimination Kill 10 Scavs at Customs with a Mosin rifle between 21:00 and 5:00
Jaeger "The Tarkov shooter" - Part 6 Elimination Kill 7 Scav snipers with a Mosin
Jaeger "The Tarkov shooter" - Part 7 Elimination Kill 5 PMC operatives with a suppressed Mosin at least 55 meters away
Jaeger "The Tarkov shooter" - Part 8 Elimination Kill 3 PMC operatives with a Mosin over one raid in the Woods
Fence Collector PickUp Find an Old firesteel in raid; Handover the Old firesteel; Find an Antique axe in raid; Handover the Antique axe; Find a Battered antique Book in raid; Handover the Battered antique Book; Find a FireKlean gun lube in raid; Handover the FireKlean gun lube; Find a Golden rooster in raid; Handover the Golden rooster; Find a Silver Badge in raid; Handover the Silver Badge; Find a Deadlyslob's beard oil in raid; Handover the Deadlyslob's beard oil; Find a Golden 1GPhone in raid; Handover the Golden 1GPhone; Find a Jar of DevilDog mayo in raid; Handover the Jar of DevilDog mayo Find a Can of sprats in raid; Handover the Can of sprats; Find a Fake mustache in raid; Handover the Fake mustache; Find a Kotton beanie in raid; Handover the Kotton beanie; Find a Can of Dr. Lupo's coffee beans in raid; Handover the Can of Dr. Lupo's coffee beans; Find a Pestily plague mask in raid; Handover the Pestily plague mask; Find a Raven figurine in raid; Handover the Raven figurine; Find a Shroud half-mask in raid; Handover the Shroud half-mask
Facility Level Requirements
Air Filtering Unit 1 10,000 Dollars Level 3 Generator Level 3 Vents Skier LL3
Bitcoin farm 1 10 CPU Fan 5 Power supply unit 5 Powercord 1 Electric drill Level 2 Intelligence Center
Bitcoin farm 2 15 CPU Fan 5 Power supply unit 5 Printed circuit board 2 Phase control relay Level 3 Generator
Bitcoin farm 3 25 CPU Fan 10 Silicone tubes 2 Electric motor 4 Pressure gauges Level 1 Solar Power Level 3 Water Collector
Booze generator 1 4 Silicone tubes 2 Analog thermometers 2 Pressure gauges 5 Corrugated hose Level 3 Water Collector Level 3 Nutrition Unit
Generator 1 100,000 Roubles
Generator 2 5 Phase control relays 1 Electric motor 15 Wires Level 2 Security Level 2 Vents
Generator 3 6 Phase control relays 2 Electric motor 5 Spark plug 5 Power supply unit Level 3 Security Level 3 Vents Mechanic LL3
Heating 1 25,000 Roubles
Heating 2 50,000 Roubles Level 1 Endurance
Heating 3 8 Radiator helix 8 Wires Level 2 Generator Level 2 Workbench Level 2 Ragman
Illumination 1 10,000 Roubles
Illumination 2 14 Light bulb 5 Wires Level 1 Generator
Illumination 3 50,000 Roubles 7 Capacitors Level 2 Generator Mechanic LL2
Intelligence Center 1 1 Folder with intelligence Level 2 Security Level 2 Vents
Intelligence Center 2 3 Folder with intelligence 3 Secure Flash drive 4 Powercord 4 Damaged hard drive Level 3 Security Level 3 Medstation Level 3 Nutrition Unit Mechanic LL2 Level 3 Attention
Intelligence Center 3 2 Military COFDM wireless Signal Transmitters 2 VPX Flash Storage Modules 3 Gas analyzers 4 Military cable Level 3 Generator Prapor LL3
Lavatory 1 2,000 Roubles
Lavatory 2 3 Corrugated hoses 5 A pack of screws 1 Electric drill Level 1 Water Collector
Lavatory 3 6 Corrugated hoses 2 Pressure gauges 1 A set of tools 3 Xenomorph sealing foam Level 2 Water Collector
Library 1 400,000 Roubles Level 3 Rest Space Level 8 Memory skill
Medstation 1 25,000 Roubles
Medstation 2 50,000 Roubles 2 Medical bloodset 3 Saline solution Therapist LL2 Level 2 Health
Medstation 3 150,000 Roubles 4 Saline solution 1 LEDX Skin Transilluminator 1 Opthalmoscope Therapist LL3 Skier LL2 Vitality Level 3 Level 2 Lavatory
Nutrition unit 1 25,000 Roubles 2 Phase control relay Level 1 Generator
Nutrition unit 2 4 Wrench 2 Corrugated hose 2 Heat-exchange alkali surface washer 1 Phase control relay Level 2 Lavatory
Nutrition unit 3 125,000 Roubles 3 Coffee Majaica 3 Sodium bicarbonate Level 2 Generator Level 3 Lavatory Level 2 Stash Level 3 Metabolism
Rest Space 1 10,000 Roubles
Rest Space 2 35,000 Roubles Level 2 Generator Level 2 Heating Level 2 Ragman
Rest Space 3 3,000 Dollars 4 Powercord 5 Capacitors 7 Wires Level 3 Generator Level 3 Heating Skier LL3
Scav case 1 4 Bronze lion 6 Gold skull ring 8 Golden neck chain 4 Roler submariner gold wrist watch Level 2 Intelligence Center
Security 1 20,000 Roubles
Security 2 45,000 Roubles Level 2 Endurance
Security 3 2 Working LCD 4 Wires 8 NIXXOR lens 1 SSD drive Level 3 Illumination Mechanic LL2
Shooting range 1 4 A pack of nails 5 Screw nut 5 Bolts 3 Duct tape Level 2 Illumination
Solar power 1 15,000 Euros 4 Military cable 2 Phased array element 4 Military power filter Level 3 Generator Level 3 Workbench Peacekeeper LL4
Stash 1 Purchase of EFT Standard Edition
Stash 2 Purchase of EFT Left Behind Or 3,500,000 Roubles 1 Hand drill 7 A pack of screws 4 WD-40 100ml.
Stash 3 Purchase of EFT Prepare for Escape Or 8,500,000 Roubles 2 Electric drill 8 A pack of screws Level 2 Heating Level 2 Vents Prapor LL3 Ragman LL3
Stash 4 Purchase of EFT Edge of Darkness Or 150,000 Euros Level 3 Generator Level 3 Workbench Level 3 Heating Level 3 Intelligence Center Peacekeeper LL4 Ragman LL4
Vents 1 25,000 Roubles
Vents 2 1 Electric motor 1 Car battery
Vents 3 4 Electric motor 14 Wires 5 Printed circuit board 4 Car battery Level 2 Generator Level 2 Strength
Water collector 1 4 Corrugated hose 5 Bolts 5 Screw nut 3 Duct tape
Water collector 2 6 Corrugated hose 2 Electric motor 2 A set of tools Level 2 Workbench Jaeger LL2 Level 3 Attention
Water collector 3 125,000 Roubles 2 Pliers Elite 5 Shustrilo sealing foam Level 3 Generator Level 3 Heating Jaeger LL3
Workbench 1 2 Screw nuts 2 Bolts 1 Leatherman Multitool
Workbench 2 3 A set of tools 2 Electric drill 6 Bolts Level 2 Illumination Mechanic LL2
Workbench 3 195.000 Roubles 2 Pliers Elite 1 FireKlean gun lube Level 2 Stash Mechanic LL3
Christmas tree 1 10,000 Roubles 1 Christmas tree decoration ball (red) 1 Christmas tree decoration ball (silver) 1 Christmas tree decoration ball (violet)
submitted by TraumaJeans to EscapefromTarkov [link] [comments]

How to succesfully Invest and Basics

This was written for a different group /stocks it got deleted so hopefully this time it works !
Disclaimer
I dont want to sell you or recommend anything ! Just my expierence and little help so enjoy. If you want to ask me anything feel free, I try so answer everything.

This article is meant to be a small guide that helps you to find your way. Its based on my experience and knowledge, I gained throughout the years. Iam by far no professional. Iam just a guy who loves to invest. If you are new and have few grands to invest this article might help you.
My motivation to write this article was because when I turned 20 I got a small loan of 1 milli.... just few grands from my parents plus the savings I made from working. For me it was clear that I want to invest them. I always liked the idea making money and not really working for it! (Spoiler its kinda true and kinda not)
So I sum up few steps which will helped me to orientate and maybe help you to make your first investement
Step one 1. Where I can Invest?! You can basicly invest in everything. They are infinite options but I just cover up few topics.
They are 5 investments I would like to adress.
  1. Stocks.
    1. Real estate
    2. Options
    3. Start-ups
    4. Krypto n+1. art, old cars, drugs?! (Don’t do or sell drugs pls!)
Stocks (my fav.) I love stocks. I love understanding what the company’s plans are and where they are heading.
They are 3 different types of investment strategies.
  1. Short term (daily) That’s usually daily trading. That means you invest and sell on a daily basis. If your not a expert it can frustrating and the chances that you will lose is high. Many people forget that you have to pay taxes and fees so even if you for example invest 1.000 and sell for 1.050 within 20 min. You will have to pay some fees and taxes and with luck, you are where you started. It only makes sense when you invest a lot, otherwise it makes no sense and to be honest I don’t know any person which makes profit with it.
Difficulty: Hard
Stress Lvl: High
Risk: Medium/High
Profit: Usualy bad
Investement: Medium
  1. Mid term (6month – 1 year+) You buy some stocks for a longer period of time and hope it will go up soon.
This investment is much easier and less risky than short term. You see a stock going up and up so you invest 5k and hope you can ride a little on this upwards trend. Its fairly easy but you have to keep an eye on the market. A good example is VW it dropped because it has some Image problems. Thats a chance to invest! It will most likely to recover because its the biggest automarker in the world and it did. It happend 1000 times and normaly big companies dont fail they are exception but without risk you dont get anywhere
Difficulty: Medium
Stress: Medium
Risk: Medium
Profit: Good
Investment: Low
  1. Long term ( 1-2years – 10 years+) Means you want to invest for a long time you are not only interested in making a quick buck but making a slow and steady progress. You are not interested if the stock goes up or down but you are more interested how much divendend they pay. Usualy they go up very slowly but steady. A good example for this type of stock is Royal Dutch (shell) it has ist up and downs but compared to other stocks ist stable. The dividend is 6% which is insanly good no other big company will pay you that every year. You invest 10.000€ and get every year 600€ which means a holiday for free. Also the work is very little, you only have to check the stocks every few weeks/month You wont get rich but its better than having it in the bank.
Difficulty: Easy
Stress: Low
Risk: Low
Profit: Low
Investment: Low-Medium
Before you invest check the company read the news and get a good overview. I have to admit Iam a fanboy at heart. When a stock of one of my fav. company’s has potential and it does make sense to invest it feels like buying tickets for my favorite Rockband. You support and cheer them on and if they grow you grow with them. BUUUUUUT don’t get my wrong never buy stocks just because you like the company or they have a cool name.
All in all Stocks are a great Investment!
Real Estate
If you want to invest in houses it’s a very save and profitable investment but it depends on your area and country you are coming from. In Germany most objects are overpriced right now so it wouldnt make any sense to buy some. In generell the more money you have the better. They will will be much more people who can afford an cheap flat/condo than the other way around. So expensive objects are better! The optimum is always a shitty apartment in a very good area. Also buying objects in bad areas cause lots of trouble with tenant. Crazy families who refuse to pay, messy people etc. this can end in a stressful situation so beware of that.
If you are already rich af than buy propreties
Example
I went once to an auction and most apartments are sold for double the estimated value. It would take ages (20+ years) to get your investment back. So beware of your market situation.
Difficulty: Easy
Stress: Usualy low/medium
Risk: Low
Profit: Medium
Investment: High
Options
Options are basicly betting that a stock with go up or down. You can bet on nearly everything. You can make lot of money very quick and lose everything even quicker. For me option trading is gambling with few extra steps. The difference is you can lose more than you invest. They are cases where people invest 1000€ and lose -120.000€ because suddelny the market changed.
If you have gambling problems and tendency to gamble this is absolutly not for you. You can see here (in the forum) lots of bad examples where people going full YOLO on something and lose a ton of money. They save up a little, invest in something even more risky and lose again.
I know a friend who makes good money from it but he has a clear head and read many books about this topic he uses software to analyse the situation and everything and he admits that sometimes he doesnt understand what happend. Of course options are not the devils tool but I like to be the voice against it. The truth is in the middle.
Iam a person who likes to understand what am I doing. After reading and learning about it, for more than a year I was more confused than before. It is probably because Iam to stupid for it, so I gave it up and moved on. Options are not for me
Difficulty: very hard (at least for me)
Stress: high
Risk: low - very risky
Profit: It can be everything
Investment: low
  1. Start-ups
Start-ups are also a great business opportunity. I was lucky enough to invest once a little bit into a upcoming company from my firend. He showed me his company and the plans for the future. I already helped him with few shows and stuff so I knew how everything worked.
The biggest bullshit I ever saw are the analyse prediction of the future sales. During the last few years I saw few of them and they all predicted that the company will make an absurd amount of money. It looked like high cool project all shiny and with big numbers. To be honest I dont even know who pay these people to make such bullshit predictions, seriously.
(as you can see I love talking from my life so forgive me my dear)
Long story short I still invested because I understood their model. They existed and already made great progress. I made 50% profit in 3 years. I am still very happy and greatful to had such good chance to invest and would do it again.
They biggest question is how do I find such chances ?
Tell people you are intersted to invest maybe a friend of you will start an company and you can invest or help you to find such a opprtunity. I went to many start up meetings and talk about a lot with my friends. They dont want to hear it but I tell them anyway and if there is a chance they will call me.
Few Tipps:
- Look for already existing companys
- Most companys give you a very good inside look before you invest! If not watch out they hide something.
- Try to understand what they are doing and where they are heading
- Look what the will offer you for your money!
Difficulty: Medium/hard
Stress: Medium/low
Risk: Medium/High
Profit: Good/Very good
Investment: From Low to high
  1. Krypto
Boy oh boy where to start. I heard to many experts saying yeah krypto thats future boyyyyyy I invested everything BOYYYYYYY and in few month I will be rich BOIIIIII. I heard this story so often that Iam allgeric to it now. This irregulated mess based purly on speculations wasnt anything form me. I didnt invest a cent into it and had lots of chances when bitcoin was 300-500 €. It didnt simply fit into my portfolio. It had no function for me. You could pay for your drugs in the deep web and some hipster pizzerias accepted it but in generell it had no function. So investing into kryptos is just speclutions it has no real fundation what I like.
My friends who invested early made a ton of money but all the people on the Hypetrain crashed.
Difficulty: I dont know
Stress: Depends how much storys you make about it on Instagra´m
Risk: Over 9000
Profit: It can be everything from super high to low in just few days
Investment: What ever you want, if this is still to expensive for you, make your own coin and hope some Idiot buys it!
Now you know my knowledge ehh more like my opionen on few things now its time for……. Step. 2. Get a rough overview
Back than I didn’t know where to start so I asked everybody for advice like parents, friends , my parents friends, banks, forums, news etc. and got very different results.
Friends and family can be a good source of information how they did it. Of course often investments are impossible to repeat because they are 20 years ago but they can give some good advice. Its nice to hear few cool stories.
Example
Royal Dutch shell hast wo different stocks. One based in england (B) one Dutch version (A) (explained very simple, not 100% accurate). If you purchase Royal Dutch (A) you have to pay a 15% withholding tax that you wouldnt when you buy Royal Dutch (B).
Banks
Banks are terrible to ask. I always had shitty experience. The lured me into meetings, only to sell some shitty investment models from which they make some good money of me or some stupid insurence. They are not interested in your loses or profits they are interested to sell you the next stupid investement from which the make money. They never keep their promises and if you loose they will cheer you up and show their new hot investement and so on and so on until you loose and they drop you.
My mom works kind of in the finance sector and you wont believe home money older people lost ton of money because of this. I also found few very shady investements opportunities who would be illegal but I wont get into detail cause I dont have 100% proof for it and I also dont want to get in any trouble. As you can see Iam not big fan oft them and do not recommend!
News/charts/indexes/Forums
For me charts & news works the best. It’s easily so see what’s going on and gives you a great overview. The chart showed that a stock dropped 5%?! Good! Read the news/forums and find out what is going on! It’s that easy you don’t need 15 monitors and crazy software to understand what is happening. Dont make it to complicated! Have an easy overview about the market which you would like to invest.
Example
My parents invested around a year ago alot in Tesla. It was before Model 3 was released. Tesla had no expierence in mass production and it was clear (at least to me) that they wont have an easy start. They still made no profit and it was the first step to play with the big boys. Back than the Tesla stock was way over 300€ and it was based a lot on speculation and hype. It couldnt live up to they hype and dropped ≈ 30% - 35%.
  1. Few points & strategies
No Emotions
Never ever let your emotions guide you. Stocks are not based on a stomach feeling or any other emotion. Dont invest just because you like Elon Musk or Apple or anything. If I have a the chance to invest into one because the timing is right. Always make sure you know what you are doing. When it can wait a day, sleep a night about it and be sober! You can get sucked up into this world you will start giving a shit if you lose one grand and start digging deeper and deeper and lose sense the value of it. Stay sober and now when you have to stop.
Making losses
It will happend and dont freak out !
They are two options how to handle it and it depends on few things.
  1. Sell them, you see the ship is sinking and their no possibility you can save it than sell it, It hurts but better early than it is to late. Or you find a better possibility to invest for example a start up than its also fine.
  2. Keep it! Turning a Short/Mid-term investement into a long-term investement. Check first if the company will recover from it. For example the VW stocks dropped a lot due it scandal few years ago but it was clear that they will not go bankrupt so after a while they recover from it. Technically the market will grow infinite so after every crash they reach new heights, if you can wait that long the chances are high that you will make some profit and do not lose any money. Maybe the profit will be small but better than losing everything.
Diversity
Dont put all your eggs in one basket but also dont but every egg in a different basket. Have a good mix that you can still have an overview about your investment. Dont depend on one investment something bad can always happend. Having a good mix is important some investments will go up and few will go down. Its rearly that everything will crash (expect crises). So you can sell the good one and keep the bad ones until they go up.
Scams
Online
Stick to the basics! They are a ton of scammers online who want to show you a way to make fast money. Its mostly some MLM (multi level markting) aka Pryamide sheme, some buying and reselling some stuff from China or some weird option trading platform where pay in and your money is gone in 5 min without any trace o fit (no chance getting it back)! The Instagram advertisment is so ridiculous and I feel stupid mentioning it but hey if it wouldnt work they wouldnt exist. So please dont be this guy….
Offline
I really wanted to invest and have an own start-up. I met many people and visited countless seminars. Few of them offered me to invest but it was a mostly a mess. Onced I got fooled. A friend and I meet a person who had a start up for social media. We had some meetings restaurant he paid everything for us and looked very legit. I worked 3-4 month in this start up 3-4 hours a day, even on weekends for free. Only later to find out I was the only one working in it. (My friend pulled out very early cause he wanted to focus on his PhD) They rest oft he Team did absolute nothing! All the money the company generated was based on my work. They didnt make a lot of money but around 600-800€ a month. The founder spend all the money on vacation and stuff. I never got anything. They wanted to sell me 10% of the company for 15.000€. I always said I need more inside infos, which of course I never got. So I pulled out and they went mad and threaten me to sue me. I feel to this day ashamed that I trusted them and didnt saw it.
If you want get into something like this make a contract dont rely on handshakes people will tell you everything and wont keep it. I learned it the hard way
Be open minded
I met enough people who dont want to share with me their portfolio because they are scared that I will steal something from them. Its stupid! Talk to as many people als possible about your investment. Some amazing things can happend. I meet to many great people because of that and with some I share a 5+ years long friendship maybe we dont share the same ideas but I leanred a lot of it and sometimes I made some profit because of it! Be open !
Prediction & graphic lines
When I did my first Investment (it was gold) I read every morning every article about it I could for at least a solid year. Every monring 20 min Thats rouhly 120 hours. Thats time I will never get back. It was wasted time. The news/articels predicted everything. It was a rollercoaster. I believed it in the beginning because it was new to me. It really messed me up and I spend way to much time overthinking. Its fine to see a prediction but the more extreme it is the more it will never happend.
Also the trendlines are mostly worthless. I read so many people talking about the 50 day trendline or the 200 day trendline. It only idicates if a stock goes up or down but people interepte everything into it. “Oh yeah you can see the restience at 12.50 if it will drop below everbody will sell“. The next day it dropped and nothing happend. Dont believe everything in the internet. (lol)
Keep it simple
Dont make it to complicated you can have the best infos and charts and everything in the world and still lose everything. So dont make it to hard for yourself.
THE MOST IMPORTANT ADVICE
No depts
Dont take a credit just because you know a great investment. No matter how much you could earn DO NOT TAKE A CREDIT. This can not only ruin you financily but also your family and your whole life. This is no joke! Make no depts.
DO NOT MAKE FUCKING DEBTS!
My Strategy
It is a mixture of long term and mid-term stock investments. Its very easy I invested in:
Before I buy some
- Royal Dutch because of the high dividend
- Deutsche Bank when the hit nearly a all time low hoping to recover (still hoping ☹ )
- Lufthansa because they bought few airlines and hopefully will grow but its not (thanks Greta !)
- Tesla because they are low and made some good deals for the future. (update, sold it and made 30-35% in 6 weeks)
Am I rich or making a lot of money?! Hell no! But Iam making enough to pay for my holidays and few extras. I am patient enough to sit out bad times. I never sold anything with loose and I want to keep it that way. I like having a clean record.
Thanks for reading and feel free to ask my everything.
submitted by Ostblocktricker to howto [link] [comments]

Initial Coin Offerings (ICOs)

Hello!
My name is Vladimir Hovanskiy. I am a Google Adwords manager at Platinum, a business facilitator of new generation, providing STO and ICO marketing services. We already created best STO blockchain platform on the market and consulted more than 700 projects. Here’s the proof 😎
Platinum.fund
We are more than proud that we not only promote but also share our knowledge with the students of the UBAI. Here you can learn how to do security token offering and initial coin offering!
Now I want to share some cool info on the purpose and role of tokens within the Blockchain ecosystem at the ICO stage.
Initial Coin Offerings (ICOs) History
Initial Coin Offerings (ICOs) are a means of fundraising for the initial capital needed to get new projects off the ground within the cryptocurrency ecosystem. More often than not, Bitcoin and Ethereum, are used to buy a quantity of project tokens. However, new projects are also being launched on alternative Blockchain platforms such as NEO or WANchain, wherein the “parent” chain’s tokens will be used to fund these ICOs. Pre-launch, ICO tokens are endorsed as functional currency in the project ecosystem. After a project’s ICO, it is available on exchanges, and then the market determines the value of those tokens. The main benefit of using the ICO funding system is that it avoids the prohibitive amount of time and expense incurred by launching a startup in the conventional method, by way of Initial Public Offering (IPO). The lengthy and costly process of ensuring regulatory compliance in different jurisdictions often makes the IPO format unfeasible for small companies. Thus, the ICO method of fundraising is far more attractive as a means of crowd funding for the project. But at the same time, an ICO is certainly riskier for the investor.
It is important to note the different stages of the token sale. Token prices generally escalate the closer the token gets to its listing date. Projects often seek funding from angel investors even before the date of the private pre-sale is set, though some ICOs do go straight to pre-sale. After potential initial investment has been sought from angel investors, pre-sale begins. Usually there will be a 15–30% discount from the public sale price. The main-sale begins after the pre-sale has concluded. At that time, normal everyday crypto enthusiasts, with no connections to the team, may buy into the project at pretty close to the ground floor price. Angel investors and pre-sale investors sometimes receive quite large discounts from main sale prices, but their tokens are locked up for varying amounts of time, to prevent dumping, or selling all their tokens for a quick profit at the time of listing. Today the vast majority of ICOs make use of the Ethereum blockchain and the ERC-20 token. The very first token sale was arranged by Mastercoin, a Bitcoin fork, in July 2013. Ethereum soon followed in early 2014, raising 3700 BTC in only 12 hours (equivalent to $2.3 million at that time, and just under $35 million today). Before late 2015 there were sporadic ICOs, with Augur, NXT and Factom all successfully raising funds. 2016 was the year that the ICO format grew to truly disrupt the Venture Capital industry. There were 64 ICOs in 2016 which cumulatively raised $103 million USD.
Tremendous Success & Why Real World Case Study
The ICON (ICX) Initial coin offering is an example of a project that reaped the rewards of a token sale done with precision of execution and clarity of vision. The project promised to build a world-wide decentralized network that would allow Blockchains of different governances to transact with one another without a centralized authority, and with as few barriers as possible. ICX offered fair and clear tokenomics, with 1 Ether buying 2500 ICX, and with 1 ETH costing approximately 250 dollars when the ICO began on September 18th. 50% of the total amount of tokens were put up for public sale, 400,230,000 out of a total of 800,460,000, equating to a fundraising goal of 150,000 Ether. One of the core reasons for the project’s spectacular success was the incredibly distinguished background of those involved, and the foundation the project had in many years of stellar achievement. ICON was originally a project developed by “The Loop”, a joint venture between DAYLI financial group and three Korean Universities. They lead the Korea Financial Investment Blockchain Consortium, one of the largest organizations of its kind in the world, boasting members including Samsung Securities. The Loop had already implemented Blockchain solutions for high profile clients well before ICX was born, including completing a KYC/AML authentication smart contract platform for Korea Financial Investment Consortium.
Real World Example of Failure & Why Case Study
The risk involved in starting your own company is huge. Over 75% of startups eventually fail, according to the Harvard Business School study by Shikhar Ghosh. The study’s findings show the rate of failure for new companies is roughly 50% after 5 years, and over 75% after 10. Shikhar Ghosh identifies the following issues as the most common factors in start-up failure: -Insufficient Market Demand -Insolvency -Wrong Team -Got beat by competition -Pricing/Cost issues -Poor Product -Need for or Lack of business model -Ineffective Marketing -Disregarding Customer desires The statistics concerning rate of failure for conventional business startups pale in comparison to the number of crypto startups that fail according to Tokendata. They are one of the most rigorous ICO trackers, recording 46% of the 902 ICO crowdsale projects initiated in 2017 as failing by the time of writing. Of these 46%, 142 collapsed before the end of the funding stage, and a further 276 had either “exit scammed” (took the money and ran) or slowly faded into eventual obscurity. With no shortage of failed and abortive projects to look into, we thought it would be more helpful to look into an ICO that was mismanaged and unsuccessful in terms of its execution, rather than being fraudulent, or terminally mismanaged.
Real World Example of Failure & Why §3
Tezos was designed as a “new decentralized Blockchain that governs itself by establishing a true digital commonwealth”. The project was a partnership between the husband and wife team of Kathleen and Arthur Breitman, and a Swiss foundation run by Johann Gevers. They had a novel idea of “formal verification”, a technique that mathematically proves the veracity of code governing transactions and heightens security of smart contracts. That idea was wholeheartedly endorsed by investors, resulting in $232 million USD raised in the 2017 crowdsale. Trouble arose after the Breitmans asked the head of the Swiss foundation they were in partnership with to step down. In Gever’s words, the Breitman’s were attempting “to bypass Swiss legal structure and take over control of the foundation”. The resulting 6 class action lawsuits that were spawned from the wreckage of one of the most successful ICOs of all time have yet to be fully resolved at the time of writing, though Gevers has stepped down and a new leadership team is in place. The Tezos Network has a prospective launch date of somewhere around Q3 2018. The debacle, though not terminal to the prospects of the Tezos network, provides a cautionary tale about the need for a clearly defined leadership structure and plan for the allocation of funds after an ICO. It is entirely possible that the Tezos project could have ridden the late 2017 market euphoria to sit near the top of the cryptocurrency hierarchy if boardroom strife could have been avoided.
Real World Example of Failure & Why §4
Projects often also “pivot” from one focus or project to another. More often than not, teams change the project name entirely, even while retaining the same core team, to try for a successful venture one more time. One such project is Chain Trade Token (CTT) which, while technically speaking, not yet a “deadcoin”, shows all the signs of shutting down operations within a few months, and “pivoting” into a new project. The CTT project aimed to be the “first blockchain-based platform for the trading of futures and options on food and raw materials (aka commodity derivatives)”. But through a combination of a non-existent social media presence, and a distinct lack of urgency in securing listings beyond decentralized exchanges, the lofty ambitions of the top-level team were left unrealized. The team has supposedly split their operations from solely Chain Trade, to a former business endeavors, and the Nebula Decentralized Exchange. The project leaders then offered a 1-for-1 token swap which has been accepted by the vast majority of CTT holders.
The ICO Process
Before even researching the particular strengths and weaknesses of any specific project in which you may want to invest, it is important to know the overall processes of the ICO crowdfunding method. This will allow you to avoid any potential pitfalls if you do decide to move forward and invest money into a particular idea or project. How does an ICO happen? Stage One: Token sale details are set: This takes place usually after release of the whitepaper, and the presentation of a project to prospective investors in forums and on social media. Stage Two: Whitelisting for private sale begins: The vast majority of all ICOs have instituted KYC checks for investors which usually involve uploading a photograph of your passport or driving license along with a selfie holding the ID. Did you know? Participation in ICOs has proven to be a regulatory nightmare in some localities. Most token sales restrict contributions from investors in China and the USA entirely, though accredited investors may participate in the USA in some cases.
Stage Three: Private/Pre-sale states: Typically, 10% of tokens will be offered to early investors at a 10–30% discount. These select few investors will likely have a close association with the team. But not all projects have a pre-sale round, some go straight to public sale. Stage Four: Whitelisting for Public/Main sale starts: The same format used for pre-sale investors is used for public sale investors, though it is a regular occurrence to see main sale KYC checks closed early due to overwhelming demand. An investor must then register a contribution wallet address. That is the address used to send cryptocurrency from, to buy the ICO tokens, and then also into which you will receive your purchased tokens. This wallet address must be a non-exchange wallet, like Blockchain.info bitcoin wallet, or MyEtherWallet for ERC-20. You already understand from the prior lesson that making a mistake with your wallet address may mean you lose the tokens forever as well as the BTC or ETH you used to purchase them. Copying and pasting your cryptocurrency public key into the whitelist wallet form is the next task to complete. And then, as the investor, you wait for confirmation of successful ICO registration from the team.
Stage Five: Public sale starts: Commonly on a specific date, though sometimes for a specific period of time. If you are interested in participating in an ICO, it is important to make your contribution as quickly as possible, or you risk sending your ETH or BTC after the hard cap has been reached, resulting in your funds being sent back. This refund can sometimes take many days, or even weeks in times of high market activity. Did you know? In 2017 it was not unheard of to find ICOs that had originally scheduled their ICO period for many weeks, but then they met with such high demand that they could close their crowdsale in a matter of hours or even in just a few minutes!
Stage Six: Tokens are allocated to successful participant investor wallets, and trading can begin on some decentralized exchanges like IDEX, or EtherDelta in the case of Ethereum based tokens. Tokens will be sent to and received by the wallet addresses from which the investor contributions were made. Stage Seven: Tokens are listed on mainstream exchanges: The tokens will then be listed on the exchanges with which the teams have negotiated listing, prior to or during the sale. It can cost huge amounts of money to list on large exchanges like Bitfinex Bittrex, Huobi or Binance, so usually smaller projects will not be listed on top 10 exchanges so quickly. As tokens are listed on more and more exchanges, their price usually rises because more and more investors are exposed to opportunities to buy that particular token.
Evaluating a Blockchain Use Case
Evaluating a particular use case for Blockchain technology, and thus how successful an ICO project’s ambitions might be in a particular market, is not a simple endeavor. As demonstrated in the graphic below, Blockchain technology has nearly limitless potential to be applied to a great variety of business areas, but as an ICO investor, you are looking for projects that have the potential to deliver significant long-term success. In the currently saturated ICO environment, some use cases have more potential than others. Ascertaining which use case is likely to have long term success is a key distinction. Also, we must recognize that businesses and corporate entities may be overeager to experiment with this new Blockchain technology, whether or not usage of the technology is actually advisable or profitable for their particular purpose. The main questions to ask when analyzing specific solutions proposed by the project are: What are the problems posed and the solutions offered? Does this particular area of business need a Blockchain solution? That is, is a Blockchain solution in fact superior to the current way this particular business operates? Is the use of Blockchain in this specific instance feasible and applicable? What are competitors doing about Blockchain projects in this same area?
A Blockchain network provides a shared, replicated, secured, immutable and verifiable data ledger. The implication for use case analysis: Shared and replicated: participants have a copy of the ledger and many people can view it or work on it Secured: Secured through cryptography Verifiable: Business rules are associated with all interactions that occur on the network Immutable: Transactions (records) cannot be modified or deleted, therefore a verifiable audit trail is maintained by the network So, with all this considered, what should we look for with regard to a possible business use case that would be best solved using Blockchain technology? 1. Data exchange that has trust issues i.e. businesses transacting with one another. Trust must be established through a multitude of verification processes with regards to employees and products. These processes increase operational cost. Example: Digital voting. 2. Any potential business process involving data storage, or compliance and risk data that get audited. Blockchain solutions would provide the regulators a real-time view of information. Example: Supply chain solutions like VeChain or WaltonChain. The possibility of close to zero operational loss would of course be attractive to any business. 3. All kinds of asset transactions. A Blockchain network, with its tamper-proof ledger, validating traceable and trackable transactions, could save many different industries untold amounts of money. Example: Tokenization of assets e.g. Jibrel Network or Polymath
Purpose of Tokens
Within the cryptocurrency ecosystem, the definition and role of a token iswidely understood. They represent programmable units of currency that sit atop a particular Blockchain, and they are part of a smart contract “logic” specific to a certain application. In the business sphere, a token can be defined as a unit of value that a project or business venture creates to enable it to self-govern. And the business venture also allows token users to connect and collaborate with its business products, while facilitating the sharing of rewards to all of its stakeholders. A token can also be described in a more general sense as a type of privately issued currency. In the past it was solely within the purview of governments to issue currency and set the terms of its governance. With the advent of Blockchain technology we now have businesses and organizations offering forms of digital money over which they, not the government or central bank, have control of the terms of operations and issuance. Wide scale adoption of these mechanisms could fundamentally alter the global economy. This is like the creation of self-sustaining, mini-economies in any sector of business or life, via a specific token or currency.
Fun Fact: Tokens of the particular Blockchain upon which the project is launched will usually have to be bought in order to be exchanged for ICO tokens, hence it is important for traders and investors to be aware of the schedule for upcoming ICOs. ETH is usually the token used for exchange because the majority of ICOs launch on the Ethereum Blockchain. But this is not always the case. During January 2018, two NEO token ICOs, both the Key TKY and Ontology ICOs, were being carried out, and this caused the NEO cryptocurrency to spike to its all-time high in excess of $160 USD. Since the product or project is more often than not in its embryonic stage at the time of the ICO crowdfunding process, the ICO token’s true function and purpose is in most cases yet to be realized. At the ICO stage the tokens can usually be grouped together into one of three categories. Knowing how to distinguish these categories involves determining the specific nature and function of the token around which the project is centered. The main and crucial distinction, is whether or not a token is a security, and therefore subject to securities registration requirements.
ICO Stage Token Categories
Howey Test: This is the test created by the US Supreme Court to ascertain whether certain transactions qualify as “investment contracts”. If they are found to fall within this classification, then under the Securities Act of 1933 and the Exchange Act of 1934, those transactions are considered “securities” and participants must adhere to registration and disclosure requirements. One of the most important and amazing considerations of the effect of Blockchain technology is that normal people with a computer science background are now empowered to make decisions and offer products and services that previously only licensed financial institutions were able to do. This is a very complex and complicated situation with serious ramifications for anyone involved. One thing to note well is that ordinary participants and actors in this arena can easily commit white-collar crime, violating serious securities laws, without even realizing it. If a token falls within the US legal definition of “Investment Contract” then you must adhere to US regulations. For that reason, many ICOs simply do not want to sell to US based investors, perhaps until all the rules and regulations are clarified.
Security Tokens
The broad and varying definition of the term “security” is a regulatory minefield. This has always been true for traditional financial products, and now it is especially true for the as yet unregulated cryptocurrency market. In the case of SEC V. Howey, parameters were established to determine whether or not a particular financial arrangement could be classified as a security and thus be subject to securities regulations. Cooley LLP Fintech Team Leader Marco Santori has said, an arrangement is a security if it involves “an investment of money, and a common enterprise, with the expectation of profit, primarily from the efforts of others.” Investors have the option of accessing a huge range of security tokens through ICOs. Prime examples are the gold backed DigixDao (DGD) and CProp (still in crowd funding stage). A security token is fundamentally different from the currently available ICO project tokens in that it provides a legal and enforceable ownership of a company’s profits and voice in its governance much like common stock traded on any exchange. If security tokens are the next step in the evolution of crypto-finance, real estate, stocks, venture capital, and commodities can all be tokenized. The traditional markets could be fully connected to the Blockchain. Financial assets would available to anyone in the world, not just licensed or accredited investors. That is one aspect of Fintech, the financial revolution taking place today, as Blockchain technology clashes with traditional finance.
Equity Tokens
One exciting application of smart contracts on the Ethereum Network is the potential for startups to distribute equity tokens through initial coin offerings. That would reduce the hurdles that an average person has to face in order to take part in the early stages of a company’s development. And, democratic governance of a project could be conducted in a transparent manner through voting on the Blockchain. As of yet, few startups have attempted to conduct equity token sales for fear of falling afoul of the Securities and Exchange Commission (SEC) in the US. But many Venture Capital insiders are bullish on the prospect of equity tokens taking a central role in the crypto finance industry, when and as the legal issues are resolved. For example, the Delaware State legislature recently passed a bill enabling companies to maintain shareholder lists on the Blockchain. That is one major step to enable Blockchain based stock trading. Lawyers also generally believe it is only a matter of time before the regulations are clarified. Did you know? Important consideration: The Sarbanes-Oxley Act of 2002 made it unfeasibly expensive for smaller companies to be listed on exchanges, causing a halving in the number of IPOs between 1996 and 2016 (7322 to 3671). In 2017 there was an almost 5-fold increase in the number of ICOs, from 43 to 210, with the 2017 volume already being eclipsed in the first 5 months of 2018.
Utility Tokens
However, given that this area is still a regulatory nightmare for people planning to issue security and equity tokens, many projects attempt to ensure that the tokens within their specific model fall under the definition of Utility Tokens rather than securities, so as to avoid the SEC regulations altogether. If a token is imbued with a certain functionality and use within the Blockchain infrastructure of that particular project, the token can avoid being labelled as a security, and thus render SEC regulations inapplicable. Just this week in fact, the SEC made the long-awaited and momentous decision that Ether was not a security. In the words of William Hinman, director of the Securities and Exchange Commission division of corporate finance, “Putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions.” This means that Ethereum, in fact, fails the Howey test, which is exactly the decision the crypto world wanted. Hinman said, “When the efforts of the third party are no longer a key factor for determining the enterprise’s success, material information asymmetries recede,” Hinman said. “The ability to identify an issuer or promoter to make the requisite disclosures becomes difficult, and less meaningful.” We will now cover various use cases that projects have been adopting up to now in order to get their tokens classified as utility tokens rather than securities.
Voting Rights
Some coins portray themselves as a company with tokens being held in a way that is analogous to voting shares of a stock. One coin held is equal to one vote. This form of token utility has a major flaw in that so-called whales (people with huge amounts of a particular cryptocurrency) can manipulate any poll conducted. The cryptocurrencies Aragon and Lykke are examples of projects that have written voting rights into the structure of their code. In-App Reward: Another common tactic to evade the security label has been the addition of in-app rewards to the functionality of a particular token. The Basic Attention Token (BAT) is the unit of currency for use with the project browser named “Brave”. The BAT is a unit of account for the advertisers, publishers and users of the platform. Filecoin, the cloud storage project that raised a record $257 million through their ICO, pays other people or companies for use of their spare storage space. Some of the many rights afforded to token holders in various Blockchain projects are described by the graphic below.
Token Roles Function
The token can be used as a mechanism through which user experience is enhanced, enabling such actions as connection with users, or joining a broader network. It may also be used as an incentive for beginning usage or for on-boarding. Examples include Dfinity and Steemit. Value Exchange: In its most basic usage, a token is a unit of value exchange within a specific app or market. This usually is made up of features that allow users to earn tokens through real work or passive work (sharing data, allowing use of storage space) and to spend them on services or internal functions within the specific market ecosystem created by that organization. Augur and KIK, amongst countless others, are projects that have implemented this functionality into their tokenomics. Toll: The token can also be used for getting onto the Blockchain infrastructure, or for powering decentralized applications run on that particular Blockchain. This ensures that users have “skin in the game”. Tolls can be derived from running smart contracts, paying a security deposit, or just usage fees. Examples include Bitcoin and Ethereum. Currency: Seeing as the particular platform or app is designed with a view towards functioning in synergy with a particular token, the token is an extremely efficient means of payment and transaction engine, resulting in frictionless transactions. This means that companies can become their own payment processors and no longer have to rely on the often unwieldy stages of conventional financial settlement involving trusted third parties in the form of banks and credit card companies.
Rights: Owning a token bequests certain rights upon the holder, such as product usage, voting, access to restricted markets, and dividends (e.g.: GAS for holding NEO). Though most businesses are trying to avoid fitting the definition of a security laid out in the Howey Test, the right to real ownership of a particular asset is sometimes granted as a result of holding a token, for example DigixDAO or Tezos.
Comparison to Traditional IPO and Equity Capital Raisings
Despite the similarity of the acronyms and the derivation of one from the other, Initial Coin Offerings and Initial Public Offerings are very different methods of fundraising. The distinction is not limited simply to the fact that IPOs are used in conventional business, and ICOs are associated with cryptocurrency. Through ICO’s, companies in their early stages issue digital tokens on a Blockchain and those tokens act as units of value for use within the ecosystem created by the project. They have many other uses, but it is also fair to say they are analogous to shares offered in an Initial Public offering.
In an IPO, shareholdings are distributed to investors through underwriters, usually investment banks. But in the case of ICO token sales, companies often do not even have an actual product to show. Often, all that there is a whitepaper, evidence of the partnerships involved and the particular social-media infrastructure they have established. IPO’s take place when a more well-established company floats shares on a stock exchange. The company would have a well-established history of success and significant reasons to expect a bright future. In the vast majority of cases, an ICO is used for a new company with no such history, just trying to get off the ground.
Another important difference is the expected return in exchange for the investment. Companies engaging in IPOs may offer participants dividend paying stocks which result in various levels of return depending on the success of the company after the shares are issued. An ICO however can offer no such guaranteed return. When buying tokens in an ICO, you do so with no promise of return. An investor who holds the tokens of a particular project does so with the promise, rather than an assurance, of future success. The main benefit to investors taking part in Initial Coin Offerings, compared to Initial Public Offerings, is the need for only basic Know Your Customer checks in the case of the ICO, compared to the costly, complex and time-consuming regulatory obstacles that must be traversed in an IPO. In the case of Initial Public Offerings, a business must obtain authorization from a number of entities before the act of “going public”. Prior to an IPO, companies are not obliged to disclose so much of their internal records or accounting. It is not so complicated to make a private company in the United States. But in the run up to going public, the company must form a board of directors, make their records auditable to the relevant authorities in one or more jurisdictions, and prepare to make quarterly reports to the SEC (or equivalent).
Relevant Factors to Consider in ICO process
When analyzing the chances of success for a specific project, and the likelihood of a favorable return on investment in the long term, it is essential to break down the project into its constituent parts, and evaluate the strengths and weaknesses of each part individually. An effective investigation and analysis would start with the team and white paper. Consider the stage the project is at,and VC investments in the project. That would lead to a good initial idea of the actual progress thus far. Next, evaluate the social media presence and the credentials of the community that has formed around the core team. If a compelling case is made by the team, (e.g.: via an in-depth dive into the use case), and the tokenomics, distribution schedule, potential competitors, as well as the team’s awareness of any future business or regulatory concerns all check out; then the ICO might present a good opportunity for investment. In the following slides we tackle each of these considerations in order so you will be able to evaluate an ICO’s worth and assign a grade for the success of each project.
Relevant Factors to Consider in ICO process
The Team First and most important, we need evaluate the background and experience of the team, the people involved in the project. Well-established developers, for example, will likely have LinkedIn profiles demonstrating their previous endeavors and occupations, from which we can judge their suitability to the project and the likelihood of the team’s success. The LinkedIn profile is a point of reference for professional accomplishments and official positions. But we can also learn more about a person from their personal accounts on Twitter, Facebook, and Medium etc. That is also a good way to follow along with the progress of the project. By investigating team members through as many means as possible, you will know how long they have been involved in cryptocurrency. If they have been around and active for a long time, they are that much more likely to be knowledgeable and capable of making better quality decisions in this business. It goes without saying that it is a huge red flag if it is too difficult to find information about the team members online, and worse still if the team members are anonymous.
Relevant Factors to Consider in ICO process
A good Whitepaper gives a detailed description of the project, the problems the team is going to solve, the timeframe projected, and methods to be used in the implementation of their ideas. If, in answering the question about what the project actually does, it seems the team is presenting ideas that are too complicated or advanced to understand, then you simply should not invest until you are satisfied you have been given the requisite level of insight to understand the concepts described. It is always possible that the whitepaper is nothing more than a salad of buzzwords and technical language intended to give the impression of competence while really doing nothing but obfuscate the truth. The whitepaper should clearly and concisely present the problems and the solutions needed. The whitepaper must give a solid and coherent answer as to who needs this project and why. Also, if the team have put no effort into explaining why a Blockchain solution is needed for this particular problem, or why such a solution is superior to its “real-world” equivalent, it is likely they are only in it for the money. We have more to say about red-flags later.
While 2016 raised a comparatively small amount in comparison to the proceeding years, there were a few specific projects that raised significant amounts of capital. These are respectable amounts of money, even by today’s standards, and especially impressive when contrasted with the immaturity of the ICO market at the time, and relative to amounts raised in traditional IPOs. Waves ($16.4mill), Iconomi ($10.6mill) and Golem ($8.6mill) were the three largest fundraisings of the year. 2017 was the year of the ICO whales. Hdac ($258mill), Filecoin ($257mill), EOS Stage 1 ($185mill) and Paragon ($183.16mill) were the largest that year. To be able to raise so much money, so quickly, in such a new market, using such a new mechanism is truly incredible. 2017 was the year that proved ICOs are for serious individuals and institutional investors as well. We have also had some phenomenal amounts raised so far in 2018. Telegram ($1.7bill), Dragon ($320mill), Huobi ($300mill) and Bankera ($150mill). Telegram might be the first mainstream example of an ICO, not only by raising close to $2billion, which would be beyond incredible and impressive even by traditional IPO standards; but also, because it is one of the first ICO companies to tangibly put a product in the hands of hundreds of millions of users, and successfully compete against traditional companies such as Facebook (MessengeWhatsApp), Microsoft (Skype) and Tencent (WeChat).
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