Will quantum computers be a Kryptonite for Bitcoin ...

Starbucks MLM Scam?

Hey and thanks for your help. I've told this story to about a dozen people and we all feel like it was a scam of some kind but there was a new development just yesterday. Sorry for the length and possible typos. Please ask questions if you have any.
BACKGROUND
So I work for myself while also going to school. I spend a lot of time at coffee shops for the caffeine, internet, and uncomfortable chairs (it helps me study for some reason). I like to reward myself for a completion of an assignment by doing word jumbles and crosswords–I'm weird.
FIRST ENCOUNTER
So about a year ago I was approach by a guy–let's call him Jason. Jason was well dressed, very business casual, carrying a laptop that he never actually opened or used in anyway. Jason commented on my word jumble, "wow that was really fast." I say thanks and that I do them a lot. He starts asking what I do for a living and such and I explain. He goes on about how he works a tech job but wants to move toward some passive income. He uses this phrase, "I believe the world brings people together for a specific reason." I'm genuinely interested in passive income investments but I don't have time to listen to him. I apologize and tell him that it sounds interesting but I don't have time, i've got to get back to work. I put my headphones on and just kind of ignore him.
SECOND ENCOUNTER
Fast forward 6 months and at a different Starbucks he approaches me. Same kind of speech but I don't have a word jumble or crossword in front of me. He just sort of comments on my work and asks what I'm going to school for. I recognize him but I can tell he doesn't remember me at all. We chat for like 15 minutes about nothing really but he does use the phrase again, "I believe the world brings people together for specific reasons.". He offers to buy me coffee and I'm thinking to myself this will make a good storry one day. We chat more about his passive income stuff and how he has a mentor that showed him the way to creating wealth and how he doesn't have a lot of people to talk to about this stuff. –HOL' UP- did he just say he doesn't have friends? Is that what he said? While I don't consider myself to be an extroverted person one thing that has always made me really sad is when people don't have people in their lives. It's my self-interest kryptonite and I give in to his request for us to maybe do another coffee date.
When I get home I tell my fiancee about the interaction. She's adamant that this is a scam but that if I need to see it through–go for it. I know in my mind that it is but I'm just not sure. What if he's super lonely and just needs a friend? What if he's being scammed by this mentor and doesn't know it?
THE COFFEE DATE
Two weeks go by and we finally find a Saturday to meet up. Normal conversation I ask about where he's from and how he ended up in tech, blah, blah, blah. He starts with the mentor thing again. I ask more about it and he starts tip toeing around the subject. Won't give me an answer about how he met this mentor and what kind of business it is. I ask if it's real estate, gold, stock market, MLM? He doesn't give me an answer but insists that I should meet this mentor. Keeps mentioning how the mentor doesn't work anymore and retired at 30 with 2 kids and a wife, travels the world, and doesn't want for anything. I get blunt and I ask, "what are you looking for out of me?" and I sense his nervousness
Jason: Well, you just seemed like the kind of person that liked this stuff?
DeeESSmuddafuqqa: What kind of stuff?
J: finding value in meeting people that connect people towards their full potential
D: what does that mean tho? who is this mentor?
J: he's a very private person. he doesn't just meet with anyone. I still would like you for you to meet him but you seem uninterested. do you not value learning more about him?
D: Not really. I just thought you needed someone. I've made a lot of mistakes in pushing people away that needed someone to talk too and it haunts me. I didn't want you to be one of those people. [I'm using a very stern voice at this point]
J: [chuckles] no I have tons of friends. I just know the world brings people together for specific reaso–....
D: [abrubtply cut him off] alright that it. you don't remember me but you've given me this same speech now before. what is this? is this some type of a gimmick or scam? You met me a year ago and gave me this "I believe the world brings people together" thing so obviously you're going from starbucks to starbucks trying to recruit people for something. what is it?
J: I'm sorry I really don't remember meeting you before. Which starbucks was it?
D: The one near Safeway and Petco off of El Camino Real.
J: I'm sorry I don't usually go over there but maybe I did. I'm really sorry.
D: it's cool man. I'm just not interested in the business of whatever it is you're doing. not only do I not trust the validity of it but I just don't have the time. sorry dude. have a great weekend [walk away]
He send me a text apologizing and I just respond back that I think it's a little shady but that I'm not interested. And I don't hear back
SURPRISE ENCOUNTER
So I'm at a Starbucks. This is a completely different one from the first, second and third ones in this story. I settle in to study some Microbiology and Organic Chemistry–yaaaaaaaaay! :( I start listening to music and I hear a muffled:
J: Hey!
D: [surprised but cordial] Hey dude! How are yo–
J: I just needed to come over and get something off my chest.
D: Uh....okay
J: It's not fair of you to act like my business isn't legitimate. My bitcoin and real estate opportunities are great and you have no right to insist that I'm some con artist trying to scam people. I'm offended and needed to come over and say tha–
D: [put headphones on] that's cool dude, have a nice night :)
ANOTHER?
So yesterday, I'm at my usual Sbux doing the usual stuff. I'm listening to music and this guy comments on my headphones. I see a couple regulars but this isn't someone I've ever seen before. I explain to him that they were a gift and that they look cool but their performance isn't great (you can probably guess the brand). He asks what headphones I would get for myself and I start going on and on about headphone brands (I used to make hip hop beats and became very familiar with equipment). He goes on and on about how knowledgable I am and then states...
"Hey so I have this belief that the world brings people together for a reason."
I probably went pale in the face but I realize, he's also well dressed, carrying a laptop that he's never used or opened. I immediately just said, "i'm not interested" and put my headphones on. He gets up and walks away and I haven't seen him since.
CONCLUSION/QUESTION
So I guess I'm not sure if this was a scam or not but I'm interested in hearing if other people have had situations like this. What are these people doing? Is it some organization or some MLM scheme? Is this something you've seen/heard? Is it just a freak coincidence?
TL;DR: Approached at multiple starbucks by a guy offering to have me meet his "mentor" but won't tell me what kind of business his mentor is in. Uses the phrase, "I believe the world brings people together for a reason."
submitted by DeeESSmuddafuqqa to antiMLM [link] [comments]

Approached at Starbucks Scam?

Hey and thanks for your help. I've told this story to about a dozen people and we all feel like it was a scam of some kind but there was a new development just yesterday. Sorry for the length and possible typos. Please ask questions if you have any.
BACKGROUND
So I work for myself while also going to school. I spend a lot of time at coffee shops for the caffeine, internet, and uncomfortable chairs (it helps me study for some reason). I like to reward myself for a completion of an assignment by doing word jumbles and crosswords–I'm weird.
FIRST ENCOUNTER
So about a year ago I was approach by a guy–let's call him Jason. Jason was well dressed, very business casual, carrying a laptop that he never actually opened or used in anyway. Jason commented on my word jumble, "wow that was really fast." I say thanks and that I do them a lot. He starts asking what I do for a living and such and I explain. He goes on about how he works a tech job but wants to move toward some passive income. He uses this phrase, "I believe the world brings people together for a specific reason." I'm genuinely interested in passive income investments but I don't have time to listen to him. I apologize and tell him that it sounds interesting but I don't have time, i've got to get back to work. I put my headphones on and just kind of ignore him.
SECOND ENCOUNTER
Fast forward 6 months and at a different Starbucks he approaches me. Same kind of speech but I don't have a word jumble or crossword in front of me. He just sort of comments on my work and asks what I'm going to school for. I recognize him but I can tell he doesn't remember me at all. We chat for like 15 minutes about nothing really but he does use the phrase again, "I believe the world brings people together for specific reasons.". He offers to buy me coffee and I'm thinking to myself this will make a good storry one day. We chat more about his passive income stuff and how he has a mentor that showed him the way to creating wealth and how he doesn't have a lot of people to talk to about this stuff. –HOL' UP- did he just say he doesn't have friends? Is that what he said? While I don't consider myself to be an extroverted person one thing that has always made me really sad is when people don't have people in their lives. It's my self-interest kryptonite and I give in to his request for us to maybe do another coffee date.
When I get home I tell my fiancee about the interaction. She's adamant that this is a scam but that if I need to see it through–go for it. I know in my mind that it is but I'm just not sure. What if he's super lonely and just needs a friend? What if he's being scammed by this mentor and doesn't know it?
THE COFFEE DATE
Two weeks go by and we finally find a Saturday to meet up. Normal conversation I ask about where he's from and how he ended up in tech, blah, blah, blah. He starts with the mentor thing again. I ask more about it and he starts tip toeing around the subject. Won't give me an answer about how he met this mentor and what kind of business it is. I ask if it's real estate, gold, stock market, MLM? He doesn't give me an answer but insists that I should meet this mentor. Keeps mentioning how the mentor doesn't work anymore and retired at 30 with 2 kids and a wife, travels the world, and doesn't want for anything. I get blunt and I ask, "what are you looking for out of me?" and I sense his nervousness
Jason: Well, you just seemed like the kind of person that liked this stuff?
DeeESSmuddafuqqa: What kind of stuff?
J: finding value in meeting people that connect people towards their full potential
D: what does that mean tho? who is this mentor?
J: he's a very private person. he doesn't just meet with anyone. I still would like you for you to meet him but you seem uninterested. do you not value learning more about him?
D: Not really. I just thought you needed someone. I've made a lot of mistakes in pushing people away that needed someone to talk too and it haunts me. I didn't want you to be one of those people. [I'm using a very stern voice at this point]
J: [chuckles] no I have tons of friends. I just know the world brings people together for specific reaso–....
D: [abrubtply cut him off] alright that it. you don't remember me but you've given me this same speech now before. what is this? is this some type of a gimmick or scam? You met me a year ago and gave me this "I believe the world brings people together" thing so obviously you're going from starbucks to starbucks trying to recruit people for something. what is it?
J: I'm sorry I really don't remember meeting you before. Which starbucks was it?
D: The one near Safeway and Petco off of El Camino Real.
J: I'm sorry I don't usually go over there but maybe I did. I'm really sorry.
D: it's cool man. I'm just not interested in the business of whatever it is you're doing. not only do I not trust the validity of it but I just don't have the time. sorry dude. have a great weekend [walk away]
He send me a text apologizing and I just respond back that I think it's a little shady but that I'm not interested. And I don't hear back
SURPRISE ENCOUNTER
So I'm at a Starbucks. This is a completely different one from the first, second and third ones in this story. I settle in to study some Microbiology and Organic Chemistry–yaaaaaaaaay! :( I start listening to music and I hear a muffled:
J: Hey!
D: [surprised but cordial] Hey dude! How are yo–
J: I just needed to come over and get something off my chest.
D: Uh....okay
J: It's not fair of you to act like my business isn't legitimate. My bitcoin and real estate opportunities are great and you have no right to insist that I'm some con artist trying to scam people. I'm offended and needed to come over and say tha–
D: [put headphones on] that's cool dude, have a nice night :)
ANOTHER?
So yesterday, I'm at my usual Sbux doing the usual stuff. I'm listening to music and this guy comments on my headphones. I see a couple regulars but this isn't someone I've ever seen before. I explain to him that they were a gift and that they look cool but their performance isn't great (you can probably guess the brand). He asks what headphones I would get for myself and I start going on and on about headphone brands (I used to make hip hop beats and became very familiar with equipment). He goes on and on about how knowledgable I am and then states...
"Hey so I have this belief that the world brings people together for a reason."
I probably went pale in the face but I realize, he's also well dressed, carrying a laptop that he's never used or opened. I immediately just said, "i'm not interested" and put my headphones on. He gets up and walks away and I haven't seen him since.
CONCLUSION/QUESTION
So I guess I'm not sure if this was a scam or not but I'm interested in hearing if other people have had situations like this. What are these people doing? Is it some organization or some MLM scheme? Is this something you've seen/heard? Is it just a freak coincidence?
TL;DR: Approached at multiple starbucks by a guy offering to have me meet his "mentor" but won't tell me what kind of business his mentor is in. Uses the phrase, "I believe the world brings people together for a reason."
submitted by DeeESSmuddafuqqa to Scams [link] [comments]

Cryptocurrency NEO-review and analysis of prospects

Cryptocurrency NEO-review and analysis of prospects

https://preview.redd.it/92i8bo3tm1v31.png?width=800&format=png&auto=webp&s=392f964144975e5e2e11a6ea784f6f03923017b3
The NEO digital asset platform was previously called Antshares. But in recent times, a complete rebranding has been made. In addition to the name change, the startup updated blockchain nodes and technical documentation, as well as the stock Ticker. In addition, the official website and social media were redesigned. The transition to a new version of the smart contract system, called NEO-2.0, was carried out.
The NEO cryptocurrency has been showing stable and non-stopping growth for a long time. Very quickly, the Chinese creation took seventh place in the top of Coinmarketcap. This, without a doubt, is a serious bid for prospects, given the high competition in the cryptocurrency market. And Ether confidently holds the second line after the famous Bitcoin. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
At the moment, the price fluctuates around $45. The cost for three months has increased 20 times.
The volumes of neo cryptocurrency reserves are clearly defined and limited to 100 million tokens. So far, only half of the available potential — 50 million tokens-is available on the market. So the crypto currency NEO clearly has all the chances to rise much higher than the seventh line.
The project is actively developing. OnChain cooperates with other players in the field of cryptocurrency and blockchain technologies. At the moment, there are connections with blockchain startups Coindash, Bancor, Agrello and others. The Chinese project Red Pulse has announced the creation of a financial research platform based on the NEO-2.0 smart contract system. Also, in cooperation with NEO, there is an intensive development of The Elastos operating system based on blockchain technologies.

THE history of the emergence and development of neo cryptocurrency

https://preview.redd.it/2f7c6ryop1v31.png?width=1280&format=png&auto=webp&s=300b03be2a471d857d7d22d5659f2a4ef74c5e8b
The date of origin of the project can be considered 2014. NEO Creator Da Hongfei is a Director of Shanghai-based OnChain. In 2014, onchain, according to Da Hongfei's idea, launches the AntShares blockchain project. On the basis of this platform, a cryptocurrency of the same name was also created.
Yes Junpei put to the company is simple, but a global problem. His goal was to build a fundamentally new system of financial interaction. This system should unite the sectors of the real and virtual economy into a single whole with the help of high-tech contracts. And cryptocurrency from OnChain should become a unit of payment for these contracts.
Soon OnChain enters into a contract for cooperation with the Wings blockchain project, as well as contracts with economic giants Microsoft and Alibaba.
In August 2017 begins the story of NEO already in its current form with the current name. Da Hongfei carried out a complete rebranding and technical modernization of the project. The rebranding was a huge success, and the price of cryptocurrency from OnChain soared 40 times.
But not without problems. On the fourth of September, the Chinese authorities adopt a package of sanctions laws against cryptocurrencies and ICO. It was a heavy blow, which at the time almost 2 times brought down the course of the brainchild of Hongfei. However, soon the NEO cryptocurrency moved away from the blow and began to confidently win back the lost positions. At the moment, OnChain is actively upgrading the product and simultaneously trying to find a compromise with the Chinese authorities for the legalization and quiet operation of its offspring.

Features and principle of operation NEO

https://preview.redd.it/tj1goppoq1v31.png?width=800&format=png&auto=webp&s=0c39d14754ba9dd99e2c6bfb692f0f7bdd6c1838
From a technical point of view, the Chinese cryptocurrency is very similar to Ethereum. The basis of the platform is the construction of smart contracts and their subsequent payment with tokens. Also an important part of the project is the ability to create new technologies based on the platform, as well as easy integration with other services.
Despite the fact that NEO is often called "Chinese Ether" and the fact that the Ether still occupies a higher position in the ratings, the product from OnChain has advantages that the Ether lacks. NEO is much more practical and functional. This, no doubt, opens up the potential to move the Airwaves in the ratings in the near future.
Let's see in detail how everything works. Transactions within the system are possible when paying a Commission. The Commission is paid in-system currency. That is, for the transaction you have to throw in the system additional "fuel". The developers of OnChain decided to create an additional in-system currency, called GAS, as a fuel (a means of paying commissions).
NEO mining is impossible. There is a final coin value of 100 million. 50 million thrown on the market during the ICO. The second half of the developers keep at home. However, GAS mining is possible. However, it occurs when holding coins in a purse. That is, the more tokens you have, the more GAS coins you can get to pay commissions. Today, 2000 coins in the wallet accumulate 1 coin GAS every twenty-four hours. Such mining is associated with the work of the network on the Proof-Of-Stake algorithm. Coins generate themselves. Without the use of farms of video cards and megawatts of electricity.

Like any cryptocurrency, NEO has advantages and disadvantages.
The benefits of NEO:
  • the publicity of the company and experienced team;
  • contracts and cooperation with corporate giants;
  • a wide functionality, much superior to the functionality of Ether (it is difficult for a simple person to understand what the salt is, but for a specialist NEO opens the widest horizons for development and operations);
  • activity in meetings and seminars;
  • active struggle of OnChain for legalization (although there are some problems with this now in China, however, there is a high probability that soon all issues with the government will be settled, which will attract large investors and significantly increase the already considerable capitalization of NEO).
The shortcomings of NEO:
  • all gas storage nodes belong to OnChain, that is, NEO is a centralized structure, although it is served as decentralized, this means that blockchains are in the hands of a narrow circle;
  • OnChain has the technical ability to monitor the transactions of coin owners, transmit information to the authorities, as well as personally block funds in users ' accounts and regulate the rate.
However, there are great economic and technical prospects for the development and increase in the price of the coin.

Difference between NEO and Bitcoin

https://preview.redd.it/qm9q0kmft1v31.png?width=1024&format=png&auto=webp&s=81bc03a4521b12f6e517b9ef8f905d8271041355
The main points that distinguish NEO from Bitcoin:

  • Direct mining of NEO is not feasible, you can only mine GAS to pay commissions.
  • Bitcoin mining depends on the power of the technical base of the miner. The larger the pool of farms from video cards, the more active is the production. In the NEO system, gas mining occurs exclusively due to the presence of coins in the wallet.
  • To organize a large Bitcoin mining requires large purchases of iron and organization of production (supply of high-power power supply line, cooling system, etc.). A direct injection of investment is sufficient for the development of GAS. Each purchased 2000 coins of "Chinese ether" will steadily accumulate exactly 1 coin of GAS per day.
  • Bitcoin has the most decentralized system of blockchains, as opposed to pseudo-centralization of NEO.
  • The processing speed of one NEO block is only 15 seconds. For bitcoin-as much as ten minutes. In the future, it is predicted to accelerate the processing of blocks for NEO to 1 second.
Despite the risks associated with the organization of blockchains, NEO remains a very promising platform in the cryptocurrency market.

NEO storage wallets

On the official NEO website you can find links to the following wallets.
  1. Wallet NEON-Wallet from the group of independent developers City of Zion. Quite good, but the factor of third-party development and the presence of bugs impose their risks.
  2. NEO-CLI. This wallet is recommended only for programmers and people who are good at command line.
  3. NEO-GUI. The best option for the average user. To use it, you need to download the application, synchronize the blockchains and make a backup of the wallet. All. Now you can safely carry out financial transactions using Chinese kryptonite.
There is also the option of storing directly on the exchanges, however it is risky. Also, holding coins on an exchange rather than in a personal NEO wallet will not generate GAS.

NEO: buying and sharing

https://preview.redd.it/5ovlowr3v1v31.png?width=750&format=png&auto=webp&s=ea4c20d0be463cbaaf14846db2355b77975cd296
NEO can be bought and sold on exchanges or exchanged in multi-currency wallets. The most famous exchanges:

  • Bittrex;
  • Binance;
  • CoinSpot;
  • YONBI;
  • JUBI;
  • Yuanbao;
  • 51szzc;
  • Yobtc.
As the value and popularity of NEO increases, a massive increase in trading platforms where you can buy or sell "Chinese Ether" is predicted.

Ways to get NEO

Unfortunately, at the moment there is no way FOR direct NEO mining in the manner of Bitcoins and Ether.
However, there is a way out. NEO cranes can be used. Cranes are resources where the user receives a cryptocurrency reward for performing certain tasks or participating in lotteries.
There is a high probability that if successful in the legalization negotiations, OneChain will provide additional ways to get their tokens.
As you can see, NEO is a very promising and rapidly developing cryptocurrency. And although the Chinese government has created some difficulties, on the example of Bitcoin, we see how high the rate of the crypto currency can rise if the factors interfering with the development disappear. So, the prospects of NEO are optimistic and you can risk investing in them.
submitted by AVAY11 to u/AVAY11 [link] [comments]

So you made yourself a little bit of money, huh? How nice.

So you made yourself a little bit of money, huh? How nice.

 
All your life, all you've ever wanted, is a little bit of money. And congratulations, now you have it. Does it feel nice? Does it feel like a dream come true? Of course it doesn't. It's all just numbers on a screen, staring at you like a pathetic joke. But thanks to your thankless job, you made yourself a little bit of money. How nice.
And now, you, in all your half-decayed intelligence, have decided that you want to invest the little bit of money that you've made? Well, step right up to the raging wildfire that is the field of investing. We've got a shit-show full of stocks, mutual funds, bonds, real estate, gold and other commodities, all clamouring for your attention, and even more for your money. Done properly, you can retire into an ungodly amount of wealth. And done poorly, you can join the majority of investors setting their cash on fire, day in and day out.
But don't feel daunted or scared. You're on the right path, and that's probably the only time you're going to hear those words in your life. Just the fact that you're thinking about investing your money puts you at a major advantage, just the fact that you've even made a little bit money is extremely rare. Look around you, what do you see? People that are so poor that they're crawling out of their tents on the roadside, people that are such douchebags that they're buying worthless bling like fur sweaters and gold chains, people that are so childish that they absolutely have to buy the latest iPhone with their credit cards, and people that are so dumb that they just can't be bothered to learn about investing. Just the fact that you're here now, thinking about investing, makes you part of an exclusive club.
Before you get ahead of yourself and feel one cent of happiness for being better off than most, let me tell you something - there's an army of twats waiting to screw you out of the little bit of money that you've made, an army of twats who wants to take away the only thing that matters to your miserable existence anymore. These are crooked relationship managers who'll sell you anything to get commissions. These are unsuspecting relatives who'll recommend terrible investments just because they don't know any better. These are seedy stock brokers who'll push schemes offering incredibly high returns that are too good to be true. These are corrupt financial advisors who'll destroy your returns, either because they're incompetent or unscrupulous, or both. You've got an entire armada of twats just waiting to snatch the money right out of your wallet. What're you going to do about that? Are you going to put your head down and hand over the cash? Are you going to run to your mommy like the little bitch that you are? No, you're going to pull out a knife and stab that little twat right in the heart. And here's how to do that, beginning with a set of basic guidelines.
 
Savings are sexy
Let's be honest, you were never made of the stuff that gave wet dreams to women. Well, here's your chance. You know what all the girls like these days? It's not that ripped chest, or that sleak jawline. It's a man who saves. Step aside AXE body spray, there's a new sheriff in town. If you're spending more than you're earning, you've got bigger problems to worry. Before anything else, you need to make sure that you're bringing in more money than you're spending. So reign in your spending, delay gratification. That burger is going to taste pretty much the same without the overpriced slice of cheese. And the movie will probably be on Netflix in a few months.
 
Debt is your kryptonite
So you borrowed a little bit of money and are now stuck with the interest payments. That's okay, who hasn't done dumb stuff when they were young and full of hormones. I know I have. This one time I cleaned up an entire jar of mayonnaise thinking it was yogurt. Set some money aside every month, not just to pay the monthly minimum on your loans, but a little more so you can pre-pay all your debts. Some loans take priority over others: pay off your credit cards, personal loans and similar high-interest debt first. Keep in mind that not all loans are straight poison: those that help you develop assets like a home loan or increase future income like an education loan or business loan are alright. However, investing while carrying a high amount of debt is like playing football with one leg tied behind your back. Not exactly ideal.
 
Read like your life depends on it
Stop reading WhatsApp forwards, pick up a book, and then pick another one. If you don't develop a habit of reading properly, you're going to get a lot of poop flinged at you in this business. But if you can make it through a book every once in a while, get read to fling some poop on the n00bs. You don't have to go straight for the finance section. Begin with any book that sounds interesting to you, and work your way up. Reading not only helps you understand the world around you, but also develops a better personality and temperament within you. Most of you have the patience and memory of a goldfish, and generally speaking, goldfishes are not good investors.
 
Gold is old
Gold was what housewives in the 70s stockpiled in their cupboard because they had no other option. But you, you are the child of the 20th century. You actually know how to turn on the wi-fi. You have better options, like mutual funds. No matter what your uncle from the third cousin over says, investing in gold is setting your cash on fire. All it will do is make you feel good from the inside, while the eternal fireplace fuelled by your cash keeps burning in the background. Gold and silver are metals that we dig out of the ground. As an investment, they just sit there and stare at you. Just because they shine doesn't mean they're good investments. However, not everyone is convinced of this basic guideline. So if you're hell bent on investing in gold, I recommend going into the mountains and throwing yourself off a tall cliff. A medium-sized one works too.
 
Insurance =/= Investing
While housewives in the 70s had gold, housewives in the 80s had LIC*. Getting life insurance is critical if you have family that depends on your income, but insurance and investing, like pizza and pineapple, never mix well. Have you ever wondered what the insurance company does after collecting your premium money? Well, the company invests your premium money in stocks and bonds, which is also what mutual funds do. So let the insurance people insure, and let the investing people invest. Separation of labour was something that the caveman figured out in 2nd century. It's time you evolved from being a caveman.
 
Real estate is not real investing
The only reason for you to buy property is if you're going to be living in it. Buying real estate purely as an investment is one of the worst decisions you could ever make. Real estate: is an illiquid market (need to wait to find a buyer or seller), has high transaction costs (stamp duty and other bullshit charges), has a lot of red tape (needs several government approvals) and faces high maintenance costs (occasional cost of paint and plumbing here and there). However, every other Tom, Dick and Harry will tell you that real estate is a great investment. Why? Because real estate is how Indians signal wealth to others. It is how Indians demand respect from the chaar log committee. It's how we tell people that we've got a big dick, and we're not afraid to swing it around. You don't have a big dick. Tuck that little stinker back in your pants. You're just embarrassing yourself.
 
Pick your poison properly
Identifying the bad investments is a greater skill than identifying the good investments. Now that gold and real estate have been vilified as bad investments, let's turn to the places that actually deserve your money - mutual funds. For the uninitiated, which includes most of you idiots, a mutual fund collects your money and invests it in the stock market on your behalf. A diversified basket of stocks in good quality companies will outperform most other investments over any time period longer than 10 years. Mutual funds can give you this diversified basket of stocks. If you haven't been living under a rock for the past few years, you've probably see the advertising campaign - Mutual Funds Sahi Hai. And if you have been living under a rock, stay there. We're doing great without you.
 
Get yourself into a coma
The best investors, the ones who win the game in the long-term, always have patience. When you're investing in stocks or mutual funds, you need to have a minimum time horizon of more than 5 years. Any less than that, and out come the fireplaces that are fuelled by your cash. Mentally, you need to be in a place where the stock market might run off a cliff screaming into the wind tomorrow morning, and you'll still continue investing as per your plan because you're thinking about the long term. This ensures that your emotions, influenced by the ups and downs of the stock market, don't get in your own way. Ideally, you want to invest and immediately get yourself into a coma. Trust me, no one will notice that you're gone. You're one person in a world with seven billion people. You're really insignificant in the larger scheme of the Illuminati.
 
Don't watch CNBC
All your life, you've only made socially acceptable choices, because you crave validation from the people around you. To your repitillian brain, approval from strangers feels better than an orgasm. But when it comes to investing, never seek validation of your choices, especially not from the pundits on CNBC. Televised business news focuses on the shortest of short terms, while you need to keep your eye on the longest of long terms. Yes, it is important to keep tabs on current events, but there are far better sources of information than the nightly news. I recommend reading Livemint and Reuters for news. Those two outfits did not pay me to endorse them, but if the PR people over there are reading this, give me a call. I accept cash, cheques and PayTM. Fuck it, I'll even take bitcoin.
 
Keep It Simple, Shithead
Here is a basic plan on how to use your money when you get paid every month. First off, take care of any loans by paying off the hungry bankers who will come demanding their pound of flesh. Pay off all credit cards, in full and on time. Now, estimate how much you're going need for your monthly bills - this includes everything from your electric bill to your tab at the local bar. Deduct that amount and invest the rest of your money. When it comes to investing, begin by putting in three months of your monthly expenses in a liquid mutual fund. This is your emergency cash stash. Next up, depending on your time horizon and risk appetite, select a combination of ~3-8 mutual funds. There are a few different types of mutual funds, here's a handy rule of thumb to navigate them:
High time horizon Low time horizon
Low risk appetite Large-cap equity funds Debt mutual funds
High risk appetite Mid/small/multi-cap equity funds Debt mutual funds
When you're done, set up SIPs so that you don't have to do the transfers manually each month. Every year, take some time off to review this process.
 
This basic plan will require tweaking, depending on the context of your life. But having that plan is very important, not just for your financial life but also for the rest of your life. In the back of your mind, you've always known that. But you never followed through on making a plan, and now your life is just a series of mistakes and regrets. Is that why you drink so much?
The lords of literature require that I write a conclusion to this piece. But this is not the end. This is the beginning of your investing journey. The basic guidelines mentioned here are intended to serve as the starting point for your own research. These guidelines are not rocket science, they are not supposed to be complicated. A person of average intelligence and awareness can reasonably expect to understand and follow them. The question is: are you a person of average intelligence and awareness? Assuming that enough of you read this, statistics require half of you to admit that you're dumb as a rock.
Always keep an eye out for the armada of twats that will try to convince you that investing is rocket science, simply so they can charge you high fees or lure you into unprofitable investments. Done poorly, you can expect a mid-life crisis magnified by a bonfire of your cash. Done properly, you can create the kind of wealth that can benefit you as well as your future generations. You've already disappointed your parents. Don't disappoint your children now.
 
 
Side note: If you're a housewife from the 70s or 80s who objects to your characterization in this article, please write a formal letter of complaint and shove it up your butt.
submitted by DexterMilburn to india [link] [comments]

( BITCOIN )ALL CRYPTO CURRANCY WILL MAKE YOU RICH !!

Hello , I'm Alex I'm a crypto currancy Invester now for about a year and half and made a good Amount of Money in this space in a short period of time . I know how it's a little intimidating starting in a new revolutionary crypto space ! But it's actually pretty easy wants someone shows you and walks you through it with confidence in just 30 minutes . Specifically I'll show you how to open a Coinbase account and Other American exchanges located in the United States in just 30 minutes ! Right now is the best time to purchase crypto currency at these ridiculously low prices . I will hands on face to face show you and walk you through how to purchase these simple cryptos like BITCOIN ETHERUIM LIGHTCOIN ETHERUIM CLASSIC BITCOIN CASH etc........ AND ESPECIALLY THE BEST NOW AND THE NEAR FUTURE WINNER (XRP ripple) today trading at only .52cents Everyone out there please help yourselves and your family BY TAKING YOUR FIRST STEPS TOWARDS INVESTING IN THE #1 up an comming CRYPTO CURRANCY MARKET ! You don't need a lot of money to start Even as little as a $100 Invested today will give you huge returns very very soon ! I and everyone believes that investing into the right crptos today is like buying amazon , Facebook , Netflix , etc....... 20 years ago This is a once in a life time opportunity to be witnessing this HUGE up an coming disruptive digital market ! I live in marina del ray and can drive to meet you in person anytime ! Thx for reading my post ! My goal is to help as many people as possible even if your not computer savvy and only know how to operate your smart cell phone . just like my buddy helped Me and tought me this great opportunity almost 2 years ago . I wanna give back and do the same for you . Please call me if you have any questions Alex cell phone # (267) 818-0898
Tag, Bitcoin, crypto currency, old coins, digital asset, cryptos , Kryptonite grocery, investing, investment, investor, earn money, make money, money, Jobs, career, work, services, all service, gatherings, meetings, Banking, finance, stocks, stock exchange, training, trainin banking, finance, stocks, stock exchange, training, trading ,stocks ,
submitted by alexplitman to u/alexplitman [link] [comments]

Litecoin Rally For Mining Reward Halving Rebelion - Hardest MF (Cryptonite Remix) AEON Kryptonite Cryptocurrency Under The Radar Gaining NEW TREND: BITCOIN UP, STOCK DOWN [Explained] - YouTube WW3 TO CRASH BITCOIN AND STOCKS!!!???  CRYPTO  STOCK ...

Quantum computers are surely a Kryptonite for Bitcoin In specific applications, quantum computers perform way better than traditional supercomputers. However, many encryption technologies are still resistant to quantum computers, and the world needs to develop them before such a computer enters the scene. Bitcoin: Is it Only Your Cryptocurrency or Tax Kryptonite? Gavrilov and Co. can help you understand and prepare for Tax Time. Join Our Mailing List * indicates required. Email Address * First Name . Last Name (315) 545-5212 Get Started Secure Portal. 1350 Ave Of The Americas New York, NY 10019 102-10 63rd Rd Forest Hills, NY 11375. Home; Our Story. Our Mission; Our Vision & Values; Our ... Bitcoin is everywhere in the media. Tales of fortunes made from just investing in this cryptocurrency and waiting till it rapidly accelerates in price – it sounds like the ideal investment vehicle for the Slack Investor! Superman encounters Kryptonite and starts to lose his powers … Image found here … but original material from DC Comics About Cryptonite. Cryptonite price today is $0.000131 USD with a 24-hour trading volume of not available. Cryptonite is up 0.24% in the last 24 hours. The current CoinMarketCap ranking is #2219, with a market cap of $92,540.07 USD. Bitcoin () has been interesting to watch as of late.In 2017, the king of cryptocurrency experienced an astronomical rise in value. However, 2018 hasn’t been so friendly for Bitcoin. In fact, the ...

[index] [16523] [17495] [44534] [39954] [46305] [10064] [10097] [12922] [23171] [49642]

Litecoin Rally For Mining Reward Halving

Salt Lake City, UT- Welcome to the 1 Bitcoin Show! Fiat freaks will love this show because BTC is setting or is about break all sorts of fiat price records! ... 🔵 NEW course: "Understanding Blockchain and Bitcoin" 👇 https://bit.ly/33hbAi5 🔴 Subscribe to our channel here👇 so you do not miss our DAILY VIDEOS and press ... WW3 TO CRASH BITCOIN AND STOCKS!!!??? CRYPTO STOCK MARKET CRASH The stock market crash and or cryptocurrency like bitcoin and vechain , along with gold... Our new desktop experience was built to be your music destination. Listen to official albums & more. Could this be Litecoins rally for mining reward halving from 25 to 12.5. LTC picked up a bid near $20 in December, tracking the corrective rally in bitcoin – the world’s largest cryptocurrency ...

#