Here's the thing about paying some guy for good investment advice. He may be running a scam that goes like this: He sends out, say to a million people, advice saying that a certain stock will go up. To another million people, he says the same stock will go down. Well, either way, a million people are under the impression that he correctly predicted what was going to happen with that stock.
Now, he forgets about the people that got the wrong information and focuses on the other million people, telling half of them one thing and the other half the opposite. Now, half a million people have got two correct predictions. He keeps on repeating the process:
A quarter million people get 3 correct stock predictions in a row.
An eighth of a million get 4 correct predictions in a row.
A sixteenth of a million get 5 correct predictions in a row.
. . .
You can see where this goes. When he reaches enough correct predictions in a row, he asks for money for you to continue to receive predictions.
Here's the thing about paying some guy for good investment advice. He may be running a scam that goes like this: He sends out, say to a million people, advice saying that a certain stock will go up. To another million people, he says the same stock will go down. Well, either way, a million people are under the impression that he correctly predicted what was going to happen with that stock.
Now, he forgets about the people that got the wrong information and focuses on the other million people, telling half of them one thing and the other half the opposite. Now, half a million people have got two correct predictions. He keeps on repeating the process:
You can see where this goes. When he reaches enough correct predictions in a row, he asks for money for you to continue to receive predictions.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit