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bitcoin trading.

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  • Indeed, from your post of 5th Februrary where you stated BTC at $7000 it has now crashed to $8000 this morning.

    You ignore the fact that 2 days later I predicted that there would be dead cat bounces and there were, but these never last. The other 3 Ethereum, Ripple and Bitcoin Cash also had their Deadcat bounces and are now all below where they were on 5th Feb. So don't worry your biggie Bitcoin will soon be below $7000.

    People get blinded by greed and the hardest thing of all is to sell and instead they keep holding and watch their money fade away.

    Ethereum which many said would overtake Bitcoin is now in Freefall. At its peak it was £1353. Now its $445 - a 67% fall. Ripple is now down 83.5%. Yet you are still can't smell the rat. Do you have any words of comfort for those people who bought at the top and have now lost vast sums of money.
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Do you have any words of comfort for those people who bought at the top and have now lost vast sums of money.

    "should have done your research brah, told you not to invest money you couldn't afford to lose brah, all investments are a gamble brah, if you've got another $1,000 handy i know an ICO that's totally going to the moon and will recoup your losses in no time, click this referral link and join my downline"
  • geoff2
    geoff2 Posts: 70 Forumite
    Part of the Furniture Combo Breaker
    edited 29 March 2018 at 5:29PM
    I've been caught out by what I think is a scam advert about Dragon's Den backing a bitcoin trading website. It took me through to Greenfields Capital and I ended up depositing £500. The website is nothing like I expected and looks like a professional dealing site (although I've seen mention elsewhere that it's fake). I've told them I want to have my money back and close the account. They say I have to "verify" the account first, by sending copies of the (debit) card I used to pay them, my driving license or passport, and a utility bill. Should I have to do that? Is this normal practice for currency sites? Feeling very stupid ...
  • geoff2 wrote: »
    I've been caught out by what I think is a scam advert about Dragon's Den backing a bitcoin trading website. It took me through to Greenfields Capital and I ended up depositing £500. The website is nothing like I expected and looks like a professional dealing site (although I've seen mention elsewhere that it's fake). I've told them I want to have my money back and close the account. They say I have to "verify" the account first, by sending copies of the (debit) card I used to pay them, my driving license or passport, and a utility bill. Should I have to do that? Is this normal practice for currency sites? Feeling very stupid ...

    Could have been worse. . . You could have bought Bitcoin.
  • geoff2 wrote: »
    I've been caught out by what I think is a scam advert about Dragon's Den backing a bitcoin trading website. It took me through to Greenfields Capital and I ended up depositing £500. The website is nothing like I expected and looks like a professional dealing site (although I've seen mention elsewhere that it's fake). I've told them I want to have my money back and close the account. They say I have to "verify" the account first, by sending copies of the (debit) card I used to pay them, my driving license or passport, and a utility bill. Should I have to do that? Is this normal practice for currency sites? Feeling very stupid ...

    Geoff, If it is a scam outfit and you send them these type of documents then they would have all they need carry out an identidy fraud. They know what car you used to pay with and its number so they should not now need to see the card. Speak to Citizens Advice Bureau and consider reporting them to Action Fraud.

    Meanwhile - Cryptocurrencies are still crashing.
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
  • Indeed, from your post of 5th Februrary where you stated BTC at $7000 it has now crashed to $8000 this morning.

    And today your beloved Bitscoin hit $6617. But you ain't seen nothing yet. $1000 is coming again.
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • geoff2 wrote: »
    I've been caught out by what I think is a scam advert about Dragon's Den backing a bitcoin trading website. It took me through to Greenfields Capital and I ended up depositing £500. The website is nothing like I expected and looks like a professional dealing site (although I've seen mention elsewhere that it's fake). I've told them I want to have my money back and close the account. They say I have to "verify" the account first, by sending copies of the (debit) card I used to pay them, my driving license or passport, and a utility bill. Should I have to do that? Is this normal practice for currency sites? Feeling very stupid ...


    Greenfields Capital is an unlicensed Forex broker that opened in 2017. Greenfields Capital is owned and operated by Yolenger, s.r.o., which is located at: 500/9, Dopravni Street, Uhrineves, 10400, Prague, Czech Republic.
    Their contact phone number in the United Kingdom is: +44 203 582 9743, and customer support email is: [EMAIL="Compliance@greenfieldscapital.com"]Compliance@greenfieldscapital.com[/EMAIL].
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
  • 4_Pete's_Sake
    4_Pete's_Sake Posts: 310 Forumite
    Part of the Furniture 100 Posts Newshound! Combo Breaker
    edited 30 March 2018 at 6:10PM
    So many people have been predicting the bursting of the Cryptocurrency Bubble and now it is in full flow.

    Bitcoin: 18/12/17 $19500 - Now $7000 a 64% fall
    Ethereum: 14/1/18 $1353 - Now $676 a 59% fall
    Ripple: 5/1/18 $3.45 - Now $ 0.69 an 80% fall
    Bitcoin Cash: 21/12/17 - Now $3551 Now $907 a 75% fall

    This is just the beginning. Expect all of them to drop by at least 95% from their highs. It's Dot.com all over again and many young people are getting burnt.

    https://coinranking.com/

    Interesting to see how the above 4 CC's have fares since my post on 5th February.

    Bitcoin: 18/12/17 $19500 - Now $6700 a 65% fall
    Ethereum: 14/1/18 $1353 - Now $375 a 72% fall
    Ripple: 5/1/18 $3.45 - Now $ 0.49 an 86% fall
    Bitcoin Cash: 21/12/17 - Now $3551 Now $682 an 81% fall

    Get out while you can!!
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
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