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  • FIRST POST
    • jules6891
    • By jules6891 5th Jan 18, 7:47 PM
    • 8Posts
    • 1Thanks
    jules6891
    Made a terrible mistake
    • #1
    • 5th Jan 18, 7:47 PM
    Made a terrible mistake 5th Jan 18 at 7:47 PM
    EDIT: Post retracted as some members have accused me of scam baiting, which, to be honest is not only shocking to hear but it's a preposterous claim. What is their reason for this belief? I could only sum it up in short: that I write pretty well for a one-handed severely disabled.

    Thank you to the people who actually took time to read and gave me helpful advice.
    Last edited by jules6891; 07-01-2018 at 9:31 AM. Reason: Retraction of post
Page 1
    • Ames
    • By Ames 5th Jan 18, 8:24 PM
    • 16,742 Posts
    • 29,288 Thanks
    Ames
    • #2
    • 5th Jan 18, 8:24 PM
    • #2
    • 5th Jan 18, 8:24 PM
    You can't gift it, that would be deprivation of capital. How much are your total savings including crypto currency? If it's below £16k you're still entitled to means tested benefits but reduced by £1 per £250 or part thereof. If you get any amount of income based ESA then you'll still get full housing benefit. I can't say how it will affect the financial side of your care package, or any council tax support as they vary by council.

    I'm not sure how investments are dealt with in terms of being income or not. The above is purely in relation to savings/capital.
    Unless I say otherwise 'you' means the general you not you specifically.
    • mrcol1000
    • By mrcol1000 5th Jan 18, 8:46 PM
    • 4,488 Posts
    • 3,865 Thanks
    mrcol1000
    • #3
    • 5th Jan 18, 8:46 PM
    • #3
    • 5th Jan 18, 8:46 PM
    Why does this sound suspiciously like an unsolicited e-mail that you'd be better off deleting?

    Can barely use a mouse and types at a snail pace, yet writes a long post that could have been done in under two paragraphs? Wait till they offer to move the bitcons through you and let you keep a share. They just need a bank transfer of £250 to facilitate it.
    Last edited by mrcol1000; 05-01-2018 at 8:51 PM.
    • w06
    • By w06 5th Jan 18, 9:21 PM
    • 429 Posts
    • 663 Thanks
    w06
    • #4
    • 5th Jan 18, 9:21 PM
    • #4
    • 5th Jan 18, 9:21 PM
    what mrcol said
    • jules6891
    • By jules6891 5th Jan 18, 9:32 PM
    • 8 Posts
    • 1 Thanks
    jules6891
    • #5
    • 5th Jan 18, 9:32 PM
    • #5
    • 5th Jan 18, 9:32 PM
    Why does this sound suspiciously like an unsolicited e-mail that you'd be better off deleting?

    Can barely use a mouse and types at a snail pace, yet writes a long post that could have been done in under two paragraphs? Wait till they offer to move the bitcons through you and let you keep a share. They just need a bank transfer of £250 to facilitate it.
    Originally posted by mrcol1000
    For your info, I took about 3 hours to type it. If you do not have the attention span to understand my situation and why I took so much effort to explain my mess then I can only ask you to ignore my post if it irritates you. Nobody is forcing you to read my post. I'm worried sick here and the best interpretation you have is that I'm posting some sort of scam here? That was not my intention and I did not come here seeking unhelpful and negative response.

    My apologies to anyone else who thinks my post "sound suspiciously like an unsolicited e-mail".
    • jules6891
    • By jules6891 5th Jan 18, 10:04 PM
    • 8 Posts
    • 1 Thanks
    jules6891
    • #6
    • 5th Jan 18, 10:04 PM
    • #6
    • 5th Jan 18, 10:04 PM
    You can't gift it, that would be deprivation of capital. How much are your total savings including crypto currency? If it's below £16k you're still entitled to means tested benefits but reduced by £1 per £250 or part thereof. If you get any amount of income based ESA then you'll still get full housing benefit. I can't say how it will affect the financial side of your care package, or any council tax support as they vary by council.

    I'm not sure how investments are dealt with in terms of being income or not. The above is purely in relation to savings/capital.
    Originally posted by Ames
    I think in total, including fiat currency, it's about £18k. I need to find out exactly what is my ESA but my ESA is the full amount that any severely disabled person unable to do anything physically would get. I also get the full amount of PIP. I am completely on my own on this and the lady that used to help me with letters and phone calls has retired. I'm not sure how I will get anyone to help me through this mess. I'm really scared and stressed out.
    • jules6891
    • By jules6891 5th Jan 18, 10:11 PM
    • 8 Posts
    • 1 Thanks
    jules6891
    • #7
    • 5th Jan 18, 10:11 PM
    • #7
    • 5th Jan 18, 10:11 PM
    Can I just surrender my cryptocurrency portfolio over to the DWP? Will that be the right thing to do?
    • robpw2
    • By robpw2 5th Jan 18, 10:14 PM
    • 12,648 Posts
    • 26,377 Thanks
    robpw2
    • #8
    • 5th Jan 18, 10:14 PM
    • #8
    • 5th Jan 18, 10:14 PM
    Can I just surrender my cryptocurrency portfolio over to the DWP? Will that be the right thing to do?
    Originally posted by jules6891
    not sure what they would want it for .. from what i gathered its not worth very much ..


    Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
    Slimmer of the month February , March ,April
    • jules6891
    • By jules6891 5th Jan 18, 10:27 PM
    • 8 Posts
    • 1 Thanks
    jules6891
    • #9
    • 5th Jan 18, 10:27 PM
    • #9
    • 5th Jan 18, 10:27 PM
    not sure what they would want it for .. from what i gathered its not worth very much ..
    Originally posted by robpw2
    I'm sure they will know how to handle it as it would be considered as an asset by them anyway. It has to be said that it's an extremely volatile asset, as yesterday, my portfolio was worth £15k at one point. Today it dropped down to £10k. Currently stands at £11k. Tomorrow or next week it could be down to anywhere or up to anywhere. It's extremely unpredictable.
    • robpw2
    • By robpw2 5th Jan 18, 10:30 PM
    • 12,648 Posts
    • 26,377 Thanks
    robpw2
    I'm sure they will know how to handle it as it would be considered as an asset by them anyway. It has to be said that it's an extremely volatile asset, as yesterday, my portfolio was worth £15k at one point. Today it dropped down to £10k. Currently stands at £11k. Tomorrow or next week it could be down to anywhere or up to anywhere. It's extremely unpredictable.
    Originally posted by jules6891
    May i suggest you get some proper financial advise on what to do ..
    Putting money ( that your really cannot afford to lose) into something your not really understanding is lunacy.

    Get advice on what to do next about this so that you dont lose anymore money


    Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
    Slimmer of the month February , March ,April
    • jules6891
    • By jules6891 5th Jan 18, 10:50 PM
    • 8 Posts
    • 1 Thanks
    jules6891
    May i suggest you get some proper financial advise on what to do ..
    Putting money ( that your really cannot afford to lose) into something your not really understanding is lunacy.

    Get advice on what to do next about this so that you dont lose anymore money
    Originally posted by robpw2
    One thing is for certain, I have completely ceased on spending any more of my money on coins. I just don't know what to do with the coins I've bought already or how to approach the DWP, the council and the care support fund managers.
    • robpw2
    • By robpw2 5th Jan 18, 10:51 PM
    • 12,648 Posts
    • 26,377 Thanks
    robpw2
    One thing is for certain, I have completely ceased on spending any more of my money on coins. I just don't know what to do with the coins I've bought already or how to approach the DWP, the council and the care support fund managers.
    Originally posted by jules6891
    well thats why you need to get some proper financial advise

    as for the dwp its always best to inform them of any changes of circumstances


    Slimming world start 28/01/2012 starting weight 21st 2.5lb current weight 17st 9-total loss 3st 7.5lb
    Slimmer of the month February , March ,April
    • Ames
    • By Ames 5th Jan 18, 11:24 PM
    • 16,742 Posts
    • 29,288 Thanks
    Ames
    For your info, I took about 3 hours to type it. If you do not have the attention span to understand my situation and why I took so much effort to explain my mess then I can only ask you to ignore my post if it irritates you. Nobody is forcing you to read my post. I'm worried sick here and the best interpretation you have is that I'm posting some sort of scam here? That was not my intention and I did not come here seeking unhelpful and negative response.

    My apologies to anyone else who thinks my post "sound suspiciously like an unsolicited e-mail".
    Originally posted by jules6891
    I think the other posters meant you're falling for a scam, not that you're perpetrating one.

    Assuming it's all legit...

    Can I just surrender my cryptocurrency portfolio over to the DWP? Will that be the right thing to do?
    Originally posted by jules6891
    No. You tell them how much you have in savings. They'll need to see proof of when you went above £6k and every £250 above that. You'll have to pay back overpaid benefits and may be fined.

    You then live off your savings until you become eligible again. It's possible that you'll have to claim Universal Credit instead of ESA. If you're currently entitled to the SDP you'll be significantly worse off.
    Unless I say otherwise 'you' means the general you not you specifically.
    • w06
    • By w06 6th Jan 18, 9:10 AM
    • 429 Posts
    • 663 Thanks
    w06
    No Ames, that this is an attempted scam.

    If it is genuine the simple and only legal solution is to be totally honest and declare your capital, same as you would have to any capital earned in any other way.
    • Ames
    • By Ames 6th Jan 18, 11:13 AM
    • 16,742 Posts
    • 29,288 Thanks
    Ames
    No Ames, that this is an attempted scam.

    If it is genuine the simple and only legal solution is to be totally honest and declare your capital, same as you would have to any capital earned in any other way.
    Originally posted by w06
    OK, I'm confused as to what the scam is in that case?

    Although I have many doubts whether any of this is real.
    Unless I say otherwise 'you' means the general you not you specifically.
    • w06
    • By w06 6th Jan 18, 11:30 AM
    • 429 Posts
    • 663 Thanks
    w06
    On a par with the spam emails from folk with millions they want to transfer to you out of the goodness of their heart/to help them out of a fix ... but you'll need to pay £xxx to facilitate it.
    • mrcol1000
    • By mrcol1000 6th Jan 18, 11:37 AM
    • 4,488 Posts
    • 3,865 Thanks
    mrcol1000
    OK, I'm confused as to what the scam is in that case?

    Although I have many doubts whether any of this is real.
    Originally posted by Ames

    You post on a forum. You find someone willing to help. You either sell the bitcon at a below market price to them and they bank transfer the money to a relative. You never get your bitcon.

    Or you ask to use their bank account to move the money for the bitcon. You offer to leave some of the money as a reward. There is an unexpected issue which requires a small payment. You can't possibly do it because all your money is tied up in bitcon. The person helping you pays the money thinking they will get more than that back. Then there is another issue which needs another payment.......
    • w06
    • By w06 6th Jan 18, 11:44 AM
    • 429 Posts
    • 663 Thanks
    w06
    Aside from all of the other red flags shouting this is a scam, somebody finding it difficult to type would not be so extremely and unnecessarily verbose.

    The same message was posted on reddit last week https://www.reddit.com/r/BitcoinUK/comments/7mahxs/i_messed_up_big_time_its_killing_me/
    • poppy12345
    • By poppy12345 6th Jan 18, 12:00 PM
    • 1,904 Posts
    • 1,762 Thanks
    poppy12345
    To me all of this just screams, SCAM!
    • Ames
    • By Ames 6th Jan 18, 12:11 PM
    • 16,742 Posts
    • 29,288 Thanks
    Ames
    On a par with the spam emails from folk with millions they want to transfer to you out of the goodness of their heart/to help them out of a fix ... but you'll need to pay £xxx to facilitate it.
    Originally posted by w06
    So like I said, you're suggesting the OP is falling for a scam, not doing the scamming.

    I don't for a second think this is a genuine thread, the advice around savings and deprivation is always useful to give out though given how often there are threads asking basic questions about it.

    I probably should have put 'on the off chance this is real' rather than 'assuming' in my previous post.
    Unless I say otherwise 'you' means the general you not you specifically.
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