237 karma · joined March 13, 2018
I think so
The product is the easy part.
The hard part is the distribution channel. How to reach lots of people that would pay for something for cheap. That’s the secret you have to uncover as it’s semi unique for everyone. Airbnb spammed Craigslist and Hotmail spammed emails w their hotmail signature.
What you need to know is if you can reach at decent scale people that will pay enough to give you a fat margin of profit for your product.
So you need a product that does the job, you need a scalable distribution channel and you need customers to pay enough to give you 60%+ margins.
That’s it. There’s no way around it. With both physical and digital products you can let people pre order them.
You need distribution-product-price fit. When you achieve that you can pour gas on the fire.
TL;DR Just create a damn landing page connected to stripe and take pre orders and make sure the price gives you lots of margin. Then spam The distribution channel. That’s it.
As for speculation I came to think that if you wanna buy crypto, you might as well buy exchange tokens since they have Some intrinsic value and are still somewhat correlated to bitcoin’s ups and downs.
Obviously if you’re looking to x100 just buy Small projects that might become very well regarded within the community
I’m sorry but you either roll the dice a ton of times with extremely small amounts and hope for a big win Which is very unlikely or you have to play with other people’s money. In case you haven’t attended Stanford, too bad I guess. You’d have to meet rich people some other way.
At this point I regret investing the net worth I accumulated through my companies and investments in more pointless companies of my own trying to shoot for the 9-10 figure net worth. It’s pure nonsense unless you use OPM. I regret not buying a home in bad conditions and fixing it up to luxury and living happily in it with my girlfriend and dog. It would’ve been fun and awesome and wholesome. Then I could’ve done that many times over, slowly building a fancy net worth in decades instead of years but living Vicariously through every minute of it. So since I just turned 24, my plan is to do exactly this.
So no don’t sell your home please
Bitcoin’s price is determined by zero fundamentals, so it will swing wildly if you zoom Out enough, forever. That’s why if you ask me it makes logical sense to have 1-10% Of the portfolio betting long or short, because it has a much better than 1 in 10 chances of going x10 or -90% in relatively short timeframe. I didn’t backtest it but looking at a chart it looks like there are those many-sigma shifts every 2 years.
To that extent, if you’re interested in betting on it, you might want to use option contracts and make sure your max loss is fixed at the premium and the upside is unlimited.
So basically they sold the contract earlier in the day for a higher price and then and covered their position at a much lower price.
Assuming I’m correct: My question is, doesn’t this require margin? If so, how much? What was their initial cash position?
1. Sell futures contract At $15 (bearish position)
2. Buy futures at TSA when it’s negative - an equal amount to the ones u sold- to cover the futures you initially sold
First get into Harvard undergrad, then read YC’s resources