A few years back, Neopets was a massive game that had a lot of money making opportunities for players. The website was owned by Viacom and had a great sandbox economy where players created pets, trade them with each other, and buy items with their Neopoints.
But just like all the other sandboxes, Neopets also had its share of bad apples who tried to cheat the system. Those rabid players tweaked the rules in order to get the best prizes and pets, and they were willing to put their own Neopoints on the line for it.
As a result, Neopets became a place where players got into hot water and even got jailed for breaking the rules. In one case, a hacker created a tool that could convert ordinary pets into rare ones. He then published a list of those pets on the Pound Chat, a popular place for Neopets players to chat about their pet collection and trading.
The black market in pets exploded, and it was hard to control that ecosystem. Eventually, Ebay and other websites banned all digital pets from their platforms.
This created a huge amount of frustration among players who saw their accounts getting hacked and pets and items stolen. It was a bitter experience, but it also helped jumpstart the player-created economy on Neopets.
There are many ways to invest in the Neopets stock market, but the most important thing is to try and diversify your investments as much as possible. This will help spread your risk around and make it easier to avoid mistakes.
Buying shares from different companies is a good idea and can be an excellent way to make a profit, but be sure to only invest in what you can afford to lose. Sometimes it can take months before a stock will be worth anything, so it is always a good idea to have some patience.
Selling your stocks is another good way to make neopoints, but again it is not a quick money making method, and you will need to be patient and have some capital to sell your shares at a profit. Most people sell at 30np, but some will go as high as 60np or more.
The stocks that you invest in will change from time to time so it is a good idea to keep a look out for those changes and if you see them, sell your shares and get some NP!
There are a few terms that you will need to understand in order to be successful with the stock market. These include Open, Current Price, Qty, Paid, Chg, Mkt Value and % Change.
You should also check out the history of the stock in order to know what has happened and if you can expect it to change any further in the future. It will give you a better idea of where the stock is headed in the future and how much it will cost to sell.