What is the next big money making opportunity?

danlightbulb

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dowie said:
it was reasonably well known about online 15 years ago tbh...

I'm still not sure exactly what you're expecting here - there are lots of ways in which people make money in various fields, it is hardly as though match betting is going to earn you a fortune...
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Depends if you think several thousand pounds pocket money is worth it or not. Given its on top of my income, I certainly do. I'd heard about matched betting years ago but the phrase 'too good to be true' stopped me really looking at it. Clearly in this case, that phrase simply doesn't work - I admit it may be a very rare example.

Mining is the same really. It is risk free at the hobby level. It doesn't require any upfront investment if you use equipment you already have, and if you have a use for the waste heat ie heating your house then there is actually no outlay at all. So why didn't I do this 5 years ago? I don't know.

Current account switching is so easy, most simple £800 I ever made. And again, risk free pocket money.

So I guess I'm just asking whether there is anything else I can get into, and hoping I'm not many years too late this time. Not looking to be a pioneer.

And if there is nothing at this time, then what circles do I need to get myself into to pick up on these things as they arise?
 

dowie

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danlightbulb said:
And if there is nothing at this time, then what circles do I need to get myself into to pick up on these things as they arise?
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this is the flaw in your question I think, the examples you've chosen are rather different to each other, people who first got into crypto mining aren't necessarily the same subset as people who first got into matched betting or casino bonus bagging and they in turn aren't necessarily the same subset as people who got into carpet bagging re: building societies when they started turning into banks

I think the general thing is to be prepared to speculate and take advantage of opportunities as they arise
 

Psycho Sonny

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Tefal said:
oh yeah, i've seen people doping it its shocking just how much money a lad can make on an ad hoc basis.

buys a fairly large chunk sells it all on pretty rapid pays back the guy he bought it off and has a fair chunk of change left.

the dude above him in the chain must rake in an absolute fortube given he has a fair few people doing this but, i cant imagine how much hassle it is having to collect from a bunch of drug dealers you've given X to on tick.

thjts where things get dangerous i think, as all it takes is one guy not to pay you and you have to act in a way that will probably bring you into contact with the police or lose face and have everyone rip you off.
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you could either;

not sell to them on tick.

or as soon as someone does rip you off. never deal with them again and find someone else. by screwing you for short term gain he's only screwing himself long term. by doing that not everyone is going to do you over, some of the idiots might but you didn't want them working for you in the first place.

also as long as you don't deal in class A's it's easier to stay under the radar. by going around looking for fights your only going to end up dead or in prison.
 

Tefal

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Psycho Sonny said:
you could either;

not sell to them on tick.

or as soon as someone does rip you off. never deal with them again and find someone else. by screwing you for short term gain he's only screwing himself long term. by doing that not everyone is going to do you over, some of the idiots might but you didn't want them working for you in the first place.

also as long as you don't deal in class A's it's easier to stay under the radar. by going around looking for fights your only going to end up dead or in prison.
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True but the vast majority is done on tick people just dont have that amount of cash upfront to start dealing in the first place, so you'd find it hard to get people to pay you upfront.


or as soon as someone does rip you off. never deal with them again and find someone else. by screwing you for short term gain he's only screwing himself long term. by doing that not everyone is going to do you over, some of the idiots might but you didn't want them working for you in the first place.
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actually as soon as the first guy got away with it 10 of his mates would be lining up to do the same.

Short term gain is fine in many peoples eyes.
 

Telecaster

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I don't think there is an answer for you.

The people that were in at the start of these things weren't on the look-out like you are now, it probably started as a pre-existing interest in the subject, so matched betting would have attracted fairly regular/heavy gamblers who would know about these things starting up at the beginning.

Same for mining- I bet most of the early bitcoin buyers/miners already had a pre-existing interest in tech side of things and found something like a "cryptocurrency" quite intriguing and would have got involved just out of interest, they didn't predict they'd be worth £2k each when they had a thousand of them in a wallet worth 23p, and in fact I bet a good chunk of those lost out by misplacing the wallet anyway. I don't think the internet is overflowing with folk who were in at the start of bitcoin and cashed out as millionaires 5 years down the line.

It's like asking - "how do I win the lottery" - if we knew that we'd all be doing it ;)
 

danlightbulb

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Telecaster said:
I don't think there is an answer for you.

The people that were in at the start of these things weren't on the look-out like you are now, it probably started as a pre-existing interest in the subject, so matched betting would have attracted fairly regular/heavy gamblers who would know about these things starting up at the beginning.

Same for mining- I bet most of the early bitcoin buyers/miners already had a pre-existing interest in tech side of things and found something like a "cryptocurrency" quite intriguing and would have got involved just out of interest, they didn't predict they'd be worth £2k each when they had a thousand of them in a wallet worth 23p, and in fact I bet a good chunk of those lost out by misplacing the wallet anyway. I don't think the internet is overflowing with folk who were in at the start of bitcoin and cashed out as millionaires 5 years down the line.

It's like asking - "how do I win the lottery" - if we knew that we'd all be doing it ;)
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I see your point.

Maybe then my question should have been this: Is there anything I'm not doing right now that I should be?
 

LOAM

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Some form of centralised website where you can connect to friends you hate and try to make them miserable by posting images of every aspect of your life that is better than theirs. If there was a way you could comment on their images to belittle them and rate them, all the better. Oh and you must be able to stalk girls you went to school with who had huge chests.

Thats a gap surely waiting to be exploited?
 

krisboats

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danlightbulb said:
I see your point.

Maybe then my question should have been this: Is there anything I'm not doing right now that I should be?
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Working to make money :p

All this stuff is just quick cash stuff anyway. You#ll put in a bit of effort, reap little rewards and become despondent only to give it up. Put the time into Something you enjoy and see if there is a way for you to make money doing that. I like cars and throwing my hand to diy projects so when friends/family need a job doing or know someone who does i will get it done for them. Made a few thousand doing bits like that and its always stuff i enjoy.
 

grimm

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flibbage0 said:
Who knows?

Maybe renewable energy sources or cryptocurrency?

I could imagine that those that have done computer science/software engineering and are decent at it will make a pretty penny, especially those that are involved with algorithms for the finance sector.

The reason why I say this is everything is becoming automated so there are a lot of jobs at risk so the ones that are involved with helping develop the automation will do well
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Hasn't crypto currency just crashed?
 

purplesky

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Look, nobody here knows where the next big money making opportunity lies. And if they did, they certainly wouldn't be posting it to an internet forum, unless it forms some sort ponzi scheme.
To be honest, and IMO, everything is in a bubble state right now, where everything has been artificially pumped up. I believe there is going to be a huge debt deflation cycle that will drag on for years. Anyone up to their eyeballs better be prepared to be working long hours in a miserable job than think up ways to make a quick buck.
 
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