Billionaires | wealthymatters

Cryptocurrency – The Whales’ Game

January 30, 2018 Leave a comment

wealthymatters

Cryptocurrencies have captured the public imagination as the price of bitcoin et al skyrocketed and made lakhiers and crorepatis of both famous and obscure people. Never mind that many lost their fortunes even before they could start celebrating ! The adrenalin rush is a siren song to certain personality types……..

And I daily get calls, messages and e-mails asking what I think of cryptocurrency investments. The querants range from Sotheby’s-Gulf to small businesspeople from Russia. So here’s my answer : Are you a whale? Do you want to be one? Can you be one ?Do you fancy your chances playing against whales ?

Think:

Bitcoin was built by a tight-knit community of technology buffs and entrepreneurs, and a relatively small number of them own an outsized share of the cryptocurrency. As few as 1,000 people may own around 40% of all existing bitcoin.

As smaller investors enter the market drawn by the price action, the question to ask is whether those “whales” are in a position to take advantage of the newcomers?

Can whales actually coordinate among themselves to move the market? Read more of this post

Filed under Alternative Assets Tagged with altcoin, asymmetric risk reward ratio, Billionaires, Bitcoin, casino, collusion, cryptocurrency, Dubai Sheikhs, exchange, manipulation, mining, Mukesh Ambani, postaday, pump and dump, trollbox, whales

Ten Characteristics Of Self-Made Billionaires

January 12, 2017 Leave a comment

wealthymatters 1. High Sensitivity and Awareness

Beyond perceived eccentricities for things like timing, color, food, fragrance or texture, a self-made billionaire’s sensitivities can be heightened to the point of distraction, isolation or even debilitation. On the positive side, they each have their own unique sensitivities and heightened awareness that can seem extrasensory: everything from design functionality and perfect pitch, obsessions over air and water quality, knowing—with certainty—when someone else is dealing with a crisis. However, what’s special about the self-made billionaire is how they find ways to leverage their sensitivities and awareness to increase performance. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with Billionaires, Entrepreneurial Personality Type, innate motivation, postaday, self made billionaires

Superstar Bloggers

January 2, 2016 4 Comments

wealthymatters “So what do you do?”
“I blog.”
“So what do you really do?’
“I blog.”

Such conversations, followed by pitying looks for an “unemployed” person is something a lot of bloggers are daily confronted with.

Truth: Anyone can start a blog. Not everyone has the imagination and ability to “monetize” it creatively to make a living or even a decent side-income from it. An extreme of the 80:20 rule applies on the internet. Less than 0.001% of bloggers probably make enough for blogging to be worthwhile money-wise. But for the talented few, the sky is literally the limit. In addition to money, the real gains are the people a person meets via blogging and the “real opportunities” that are created by these interactions.

Sure, there will always be the UHNW individuals and billionaires who can still dismiss twitter influencers as twits and think of social-media incomes as chicken-feed but for the average sort of person, its way beyond what many jobs, many other self-employment options or even small businesses will bring. And the overheads are truly miniscule in this case. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with Billionaires, blogging superstars, employment, make money blogging, make money from blogging, postaday, small business, UHNW individuals

Let’s Displace America

March 10, 2015 Leave a comment

The last couple of days I have been watching the promotion efforts of the start-up housing.com and watching this video today got me thinking about my time in America.