SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #3  
Old June 28, 2022, 09:48 PM
Dien Rice Dien Rice is offline
Onwards and upwards!
 
Join Date: Aug 2006
Posts: 3,136
Default I think you hit the nail on the head...

Hi Gordon,

Great post!

That's the way the marketers are making moolah with all of these... which is selling shovels to gold miners!

Will crypto be "hot" again? I don't know...

But you're right... There's a lot of moolah to be made selling "shovels" to "gold miners"...

...which includes crypto (when it's hot), stock market speculation, real estate property of all kinds, speculative antique collecting, collectible toys, and the list goes on and on...

By the way, while there are a lot of "scams" - I don't think it's all "scams"... I've worked in this field myself (I was once hired as a consultant to develop algorithms to analyze the stock market)... We came up with some very interesting stuff...!

One of the ways (which works to a degree) is to look at trends. I developed software that (among other things) could analyze all the stocks in the S&P 500, and look for trends... The idea is, when you see a trend, you invest in the trend... As soon as the trend breaks, you get out...

(We also had a lot of other algorithms we tried as well, some more successful than others...)

Thanks Gordon!

Best wishes,

Dien

P.S. If anyone wants me to help develop stock market algorithms for them, shoot me an email...

Quote:
Originally Posted by GordonJ View Post
Gambling is an ancient desire.
Maybe it is hard wired into some of us.

The caveman staying by the fire, while the other gambled with his life to go hunting.

Crypto, Forex, Day Trading and Lottery, plus all forms of gambling; the relatively low risk to high reward idea...

The concept of starting with little and multiplying a hundred fold.

Well, that is the stuff legends, stories and fables are made of.

And once the copywriters got their hands on crypto, and saw how easy it was to sell shovels (information, techniques, strategies) to the miners, well GAME ON.

And...of course the rare but made common story of Freddie investing 1000 in Bitcoin when it was the stuff of easter eggs in games and today little Fredster is a multiBazillionaire...BAZINGA...

If Fred can do it, so can you.

Or so the copy goes.

But, it is a part of a bigger game, the stock market, and isn't that a rigged game at that????

Well. Here is just one take on all speculative ventures. I'd bet the majority have a hobby.

And if they enjoy it, and can afford it, like any hobby, golf or fishing, whatever...then have fun and enjoy it.

If the masses really think they can make significant money in these things, they get the rude awakening they deserve.

But, if other than a hobby, say a business or a part of money making strategies or plans, there are a lot better ways to spend your time on things which could, over time, return far more than a spiked uptick on PAPER value...

It is hot, again, thanks to the many copywriters/marketers who saw the flock of fresh sheep needing to be sheared.

Gordon
__________________
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 06:58 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.