Elliott
Elite Member
- Joined
- Apr 23, 2002
- Professional Status
- Certified General Appraiser
- State
- Oregon
Bob,
Since the Big Blue guy disappeared, there hasn't been much financial stuff on this board. So post-election, I've had extra time, and I read up a little on Bitcoin and as I'm reading it says how its a complex mathematical system with great potential that could eliminate contracts and we could buy and sell real estate without escrow, but it also has its problems, and I become more and more convinced that maybe someone will figure out how to scam Bitcoin or other cryptos, or that AI with a supercomputer will someday crash it. Maybe not.
But, I also ran into a clickbait article on 10 or 20 richest gamblers and I'm reading about these guys. Many are math oriented. One started with ten 'horse' variables and then went to 110 variables, and routinely wins 24% every year. I'm thinking about my appraiser experience and yeah there are 10 variables in a residential appraisal, but I'm trying to eliminate them down to two or three. Many top gamblers have become highly paid consultants or developed profitable software systems. But one of the common themes is they have to keep their betting secret to take advantages of the ODDS. And the other common theme was they end up in Las Vegas. And then it dawns on moi, they make money off all those who come to LV to take advantage of those smucks who aren't good at figuring the odds. That's how you do it.
So back to Bitcoin. When 'investors' are dealing with a volatile stock or commodity and dealing with options some are going to be successful after the dust clears and some are going to lose their shirt. And my point is, those that actually make money, like a Buffet, or top professional gambler, know more about how to profit then those who are trying to profit. Thanks for playing.
Since the Big Blue guy disappeared, there hasn't been much financial stuff on this board. So post-election, I've had extra time, and I read up a little on Bitcoin and as I'm reading it says how its a complex mathematical system with great potential that could eliminate contracts and we could buy and sell real estate without escrow, but it also has its problems, and I become more and more convinced that maybe someone will figure out how to scam Bitcoin or other cryptos, or that AI with a supercomputer will someday crash it. Maybe not.
But, I also ran into a clickbait article on 10 or 20 richest gamblers and I'm reading about these guys. Many are math oriented. One started with ten 'horse' variables and then went to 110 variables, and routinely wins 24% every year. I'm thinking about my appraiser experience and yeah there are 10 variables in a residential appraisal, but I'm trying to eliminate them down to two or three. Many top gamblers have become highly paid consultants or developed profitable software systems. But one of the common themes is they have to keep their betting secret to take advantages of the ODDS. And the other common theme was they end up in Las Vegas. And then it dawns on moi, they make money off all those who come to LV to take advantage of those smucks who aren't good at figuring the odds. That's how you do it.
So back to Bitcoin. When 'investors' are dealing with a volatile stock or commodity and dealing with options some are going to be successful after the dust clears and some are going to lose their shirt. And my point is, those that actually make money, like a Buffet, or top professional gambler, know more about how to profit then those who are trying to profit. Thanks for playing.
