Making money online not requires start-up investment, and depending on what you want to focus on, it can be a tremendously profitable project as well.
We use Cryptocurrency a fair amount as well, but were unable to find anyplace that we could convert it for pizza. I imagine this will change as it increases in popularity.
In the beginning it was the crime. People would offer to sell something for free bitcoins and not pay. Or offer to sell bitcoins and never deliver. You get this in almost every online marketplace. It erodes the trust in the system and is common. Most internet savvy folks know just how to prevent the worst of it. Since bitcoins is still confined mostly to techies, it has been even less of a difficulty. Sites instantly sprang up that listed trustworthy sites, buyers and sellers as well as those never to do business with. The machine was self policing in a nutshell order.
JK: Prime is targeted at accredited investors and businesses. We’re dealing with clients that are making larger investments, and due to that we’ll have fewer clients with a higher average account balance, so we’ll be able to provide better dedicated service and dedicated account managers. There won’t be waiting time and responses will be quick. This service is mostly for VCs and high networth individuals who like to trade in alternatives. We’re speaking with a hedge fund right now, and looking at traditonal finance guys looking for a more professional experience. It’s going to be more traditional traders who want to enter the space and who want to be comfortable.
12/19: Mark “dipthrong” Herm, an online poker superstar over the last 5 years, joins BIG Dave and Steve Karp to discuss his deep run at EPT Prague. He also talks about his experiences as a backer along with his current gig hosting a poker podcast. [Visit Website] [Download MP3].
NP: What about your experience as an entrepreneur? It’s been a crazy roller coaster for you, having to shut down and then being able to relaunch. Any advice?
JK: As it evolves and it becomes more real, you’ll see more competition, but I got a lot of support when we had problems last year, I made a lot of great friends like Charlie Shrem from BitInstant. Right now it’s true that some people hate each other, but we all want to see it succeed. When something bad happens it makes the whole place look bad, so it reflects on all of us.