Category: Articles Commentaries

  • 1 Reason Bitcoin May Soar (Or Not). Just one.

    NO, this has NOT turned into a bitcoin site, and our focus is still on providing tutorials for business school academic students (11 million Youtube views and counting!).

    CAUTION:  This is not an endorsement to buy, sell, or trade bitcoin. This kind of stuff is extremely risky. For me it’s like trading stock options; the only difference for me is that options expire but bitcoin will never technically expire.

    So WHY might bitcoin classic (BTC) surge over the medium term or long term? Here’s MY THEORY

    After the success (perhaps even short-term quick buck) success of Bitcoin Cash (BCH) where every owner of bitcoin classic (BTC) got a “free” token of bitcoin cash (BCH) and made up to $700 in one DAY for EACH bitcoin BTC they owned, what do you think’s gonna happen?

    This will encourage more “forkers” (like the dudes who “created” bitcoin cash BCH from bitcoin classic BTC) to make their own bitcoin-derived currencies from bitcoin classic; and similarly give one “free” token to every bitcoin owner.

    The Effect:

    1. More bitcoin “forkers” will copy this model of giving free new bitcoin-derived currency to every bitcoin holder.
    2. Every time a new “forker” does this, people will start buying bitcoin classic wanting to get the “free” new bitcoin-derived token, because they want to make a quick buck after the “fork” just like bitcoin BTC owners who got free bitcoin cash BCH… creating a surge in demand. Every. Single. Time.
    3. People who are holding/owning bitcoin classic BTC will not want to sell before the fork either… creating a shortage of supply.
    4. What happens when there’s a surge in demand and shortage of supply? No brainer. And this is every… single… .time.

    Of course, this is still all very risky and nothing is guaranteed. Like, maybe one of the forks in the future could flop, ending a gold rush into bitcoin whenever a new bitcoin-derived currency fork is announced. I don’t know, and I wouldn’t trust anyone who pretends to know.

    I’m not here to argue about whether value of bitcoin is “real” or not and whether it’s only digital value or what not… and that’s not the point of this post. Since arguing about that will just distract from this topic, I’ll delete those comments (I have nothing against that argument, it’s just that it’s irrelevant to this post).

    So, anyway, sticking to the topic of this post; what do you think? Will more “forkers” copy this model? And if yes, what will be the effect on Bitcoin classic and the new forks which come? Let me know in the comments! (And oh, please share this article; thanks in advance!)

     

    #bitcoin #bitcoincash #btc #bch #bcc #hardfork #fork

  • You’ve Been Studying Wrong (Here’s what’s right)

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    The fact that you’re here tells me that you found my tutorial videos great.

    If my videos solved your problems, then perhaps that means you’ve been having a hard time studying.
    You’ve heard the over-used cliche “work smarter instead of harder” to get rich and I do believe in that (I’m sure so do you). But why is it then that we apply that philosophy to business but not to studying?
    As I mentioned in my ebook “Tips to Totally Top Grades”, there are some very simple but powerful techniques which allow you to master subjects in the easiest way and shortest possible time.
    1) First thing to remember: When faced with a scary new concept you should NOT rush to understand everything
    from the beginning.  This will just confuse you more.  Instead, relax and read or study everything from beginning to end, even if it feels like you’re not picking up anything.  You’ll be surprised at the results if you do this.
    Sometimes, you need to study or read everything from Part 1 to Part 10 before you can understand Part 1.  Then
    repeat!2) Confusing diagrams,tables, or charts with confusing illustrations or numbers?  I’ll tell you a shocking secret.  Did you know…

    • Many of those confusing horrible diagrams were actually invented to make it easier for you to understand. I know right?! It’s bullshit.  It just confuses us more, right? Well, here’s the secret. If you’re confused, do NOT try to understand the table or diagram as a whole.  Instead, try thinking about what the diagram/table/chart might have looked like from the beginning when it was still almost an empty space.  And then think of what number or illustration went first.  And then what number or illustration went second.  And third, fourth, etc.

    You must understand that the diagram, chart, or table might represent a sequence or movement of things.  Therefore, it would be very easy to understand it if you have a bunch of different diagrams showing different parts of the sequence.  However, to save on your book’s “precious” space, the publisher pushed all these different diagrams from different parts of the sequence into just one diagram, illustration, or table.  The result? Confusion reigns!  The normal idiot (like you and me) cannot easily decipher what in the sequence went first, second, third, etc.

    Also realize: When the second item appears on say, a diagram, maybe the first item is supposed to disappear.  When the third item appears, maybe the second item is supposed to disappear.  But again, you won’t easily realize this if you just look at the chart, which crowds all the different sequences or situations into just one chart. In the end, only the “smart” (geeky!) people in class who realize this end up understanding the illustration.  Now that you realize this too, you can do it yourself.  Of course, it may take a long time, but it’s worth it!

    Keep these tips in mind and you’ll see a big change in understanding what you study. If you seriously want to learn  how to study smarter  instead of harder (to allow you more free time to party while at the same time getting much better grades), you may want to check out the e-book of my affiliate Dr. Marc Dussault, a real study-techniques expert. To check it out, click here (see video).

    As always, happy learning!

    Disclaimer/Disclosure: Although we may have an affiliate arrangement with some of the websites we mention, we make no guarantees on behalf of such affiliates.

  • Earning (losing) a LOT of Money in the Stock Market [Video]

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    If you’re like me, you’ve probably heard one of two things about investing in the stock market. Either (1) it’s super risky and you’ll lose all your money, or (2) you can earn a lot of money quickly.

    Truth is that both those statements above are BOTH true and false. Huh?

    Regarding the “earn money very quickly thing” it CAN ACTUALLY be true which I talk about below.

    First, let me warn you about your stock market expert “friends” who always seem to be winning and never losing. Truth is they probably win sometimes and lose other times, but only talk about the wins. Since they wana be known as stock market “experts,” they lose face if you learn about their losses.

    So back to stocks and earning (or losing) a LOT of money very quickly.

    First, you have to think of the price of the stock.

    If you buy a famous company’s stock at say, $100 per share and it goes up to $100.30, how much did you make? You earn a measly 0.3% (that’s NOT 3%… that’s zero-point-three 0.3%). If you invested $1,000, you will have earned 0.3% of that or a $3 profit. Tiny huh?

    Now what if you buy some cheap company’s stock at say $2 (two dollars!) a share. And then it goes up by just a tiny $0.50 (cents!) in ONE DAY to $2.50 cents. How much did you make? 0.50 is 25% of $2, so you made 25% in ONE DAY. If you invested just $1,000 dollars, you will have earned 25% of that or $250 in *one day*. So compare your $250 by investing in this “micro stock” vs. investing in the famous company stock.  It’s a HUGE difference. This is why for some who want to get rich very quickly, micro stocks are the way to go. Theoretically, just 20 successful trades can turn your $1,000 investment into $62,000. WOW!

    Of course, the opposite is also true. While playing with micro stocks can allow you to earn your $250 in one day, it can also cause you to lose $250 in one day.

    So ask yourself… is it worth risking your $1,000 (and possibly losing ALL of it) in order to earn $60,000 or even millions (only IF you’re successful)? Only you can answer that yourself. But whatever type of investor you are (careful and safe vs. risky and aggressive), micro stocks are still an interesting topic overall.  So to learn more about it, I promised you a video; so here’s a quick and interesting video from my affiliate from which you can learn more about penny stocks: Micro Stocks Video

    Disclaimer/Disclosure: Though I find this affiliate’s video very interesting, I make no guarantees about your performance if ever you do decide to play with stocks because as I said, they are very risky and you can lose all your investment quickly even if you can earn millions quickly (even when guided by an adviser).

    And as promised, here’s your 2nd gift, my Lecture Notes (handouts slides) super sample

    https://mbabullshit.com/blog/wp-content/uploads/2013/05/FreeSampleLectureNotes.pdf

    *If you were unable to download the free eBook on “Finance Basics,” click here:

    https://mbabullshit.com/bull/e-book-offer-page//

     

     

  • 19 F*cked Up Steps Starting a Business (I’ve Made These Mistakes Before, Don’t Do This)

    19 F*cked Up Steps Starting a Business (I’ve Made These Mistakes Before, Don’t Do This)

    Before starting ANY business, do NOT fall into this trap below:

    1. Watch a TV program hyping up entrepreneurs. How many of us have come across that?
    2. Decide that you want to be an entrepreneur too. How many of us have watched a TV program hyping up entrepreneurs and suddenly decided, “Oh, I want to be entrepreneur as well.”
    3. Look around to see what businesses are already existing and decide which of those businesses you would like to also have.
    4. “Envision” yourself putting up a business just like one of those that you see. (“Envision” is sometimes just a nice word of “daydream.”)
    5. “Envision” your first customers coming to your imaginary business and liking it.
    6. “Envision” your first customers telling all their friends about your business.
    7. Imagine your imaginary growing customers. Yes, “imagine your imaginary.” I know that sounds silly but that’s exactly what people do when they are “planning” their so called businesses.
    8. Imagine the media featuring a story about you and your growing market.
    9. Be inspired by this imaginary vision and withdraw all your money, bet the house, borrow cash and look for investors among friends and family to invest in your dream.
    10. Talk to friends about your business plan and get motivation from the ones who cheer you on… and ignore the ones who tell you its problems and challenges. You may have heard quotes online as well which say that you should stick with positive people and “stay away from negative people;” and you may interpret that to mean that you should only listen to people who tell you what you want to hear. As a result, you may listen to people who say that your screwed up business plan is good and stop listening to people who bring you back to reality and tell you that it is wrong or that it won’t work.
    11. Build and launch your business.
    12. Start wondering why a lot less customers are coming than in your “vision.”
    13. Cling on to your dream. Watch and read more hyped up entrepreneurial media telling stories about entrepreneurs who almost failed but ‘marched on’ until they became billionaires. Now I admit there are some of those people who did exactly that and they became very rich. But guess what? There are also a lot of people who bought the lottery and became very rich. Just because it worked for some people does not mean it is probably going to work for most others in the same way. Later in the book I will talk about how to properly take entrepreneurial risks.
    14. Selectively look for the friends who cheered you to “go for it” and talk to them so that you can hear more motivation from them.
    15. Continue to see your business fail.
    16. Start getting desperate for cash and start cutting costs which often includes cutting quality, as well as start changing your dream business from a vision to a “quick buck” business just to try and keep it afloat.
    17. Watch everything go haywire and get screwed up even more.
    18. Start hiding from the money lenders, relatives, friends and everyone else that invested or lent you money for your dream business.
    19. Lock up yourself somewhere and say “WTF just happened???”

    So what do you think of this common business plan? It is very real, isn’t it? You have seen it happen or possibly it has happened to you already. I wouldn’t be surprised. Well, guess what? A lot of it has happened to me as well. I don’t blame you for it nor do I blame myself because it is really so common. So many people fall into this trap. Why? Because of the media hype and quotes that are thrown around on social media that they believe.

    This is taken from the book Entrepreneurgasm: 33 Realistic Steps Turning $1,700 into $103,000 Online for the Average You which was the #1 BESTSELLER WORLDWIDE for Business Education on Amazon.com for Christmas 2014. You can download the e-book version here.

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  • Finance Shortcut? How fast can you get rich with forex trading? (Free ebook download)

    Finance Shortcut? How fast can you get rich with forex trading? (Free ebook download)

    Hi guys!

    So in one of my earlier posts I talked about many ways to earn money; from little money to big money, and from small risk to big risk. One of the risky ways I talked about is forex trading.

    Simply put, if you buy 1 Euro for $1.30 and then tomorrow, 1 Euro goes up to $1.40, then you’ve made 10 cents. Doesn’t sound big, does it?

    But here’s where it gets a little interesting, if you did this with 1,000 Euros instead of just 1 Euro, then your profit is multiplied 1,000X and you’ll earn 10 cents X 1,000 = $100. Still not satisfied?

    Well here’s where it gets REALLY interesting: If you open an account with any famous online trading broker like IBFX.com or Oanda.com (super easy! even if you’re not located in the U.S.), they allow you up to 200:1 “leverage” or more.

    What does this mean?

    It means that if you deposit just $500 with them, they’ll allow you to trade $500 x 200 “leverage” = $100,000 ! So if you make even just 10 cents for every dollar invested, you can earn 10 cents x $100,000 = $10,000 in one pop … coming from your original $500 investment!

    Wow… amazing huh? Getting back $10,000 from a $500 original investment translates to a 2,000% RETURN… now compare that to the stock market’s 8% average return per year, and you know what I’m talking about.

    Of course, it may not really be practical nor wise to take full advantage of your forex broker’s “allowed” 200:1 leverage; but you see my point.

    How about risk? Does earning $10,000 in one pop also mean that you can lose $10,000 in one pop? Thankfully, there are “automatic” mechanisms in your forex broker’s system to highly prevent that from happening.

    Normally, assuming that the markets are open and liquid, if your account’s net value drops to zero, all your holdings are automatically sold and closed-out, so you end up with a zero balance instead of with a negative balance. So of course, this is your main risk… You may earn the hypothetical $10,000 really quickly, but you stand a chance of losing your $500 really quickly as well. It’s up to you to decide whether it’s worth risking $500 to earn back $10,000 or more.

    How do you know what currencies to buy or sell? More importantly, how do you know WHEN to buy or sell these particular currencies? Well, you could read up on a lot of education and learn by yourself by trial and error (yes, very risky and for sure you will lose a lot of money in the process; but it may be worth it for some people).

    Other people may take advantage of getting forex signals from more experienced forex trading strategists such as ForexTrendy.com (reminder: any type of this kind of trading has high risk… I do not make any guarantees on ForexTrendy.com’s behalf and past results do not guarantee future success.  As I said earlier, you could super quickly lose your hypothetical $500 even if you can super quickly earn your hypothetical $10,000). In the end, it’s important to determine what’s best for you. What works for some may not work for others.

    So anyway, in case this interests you even a little bit, here are today’s ACTION STEPS:

    1) Open a DEMO TRADING ACCOUNT with either IBFX.com or Oanda.com and just play around.
    2) Download the FREE ebook I promised which covers the basics (click on image below or click here)
    3) Immediately have a look at e ForexTrendy.com and if you sign up, test their buy/sell recommendations with your IBFX/Oanda demo account.

    Download:

    Cheers!

     

    Talk soon,

    David

    Disclaimer/Disclosure: Though I find this affiliate’s (ForexTrendy.com) video very interesting, I make no guarantees about your performance if ever you do decide to play with Forex because as I said, it can be very risky (even when guided by a professional adviser). It is best you try any forex trading with a demo account first.

  • My New Website… still me!

    My New Website… still me!

    Hello!

    As promised for a looooooong time, here is my newly redesigned website!

    Still me as usual, with still the same kick-ass videos.

    Hope this isn’t so ugly like the last one..

    Welcome back!

    David