bitcoin trading.

msallen

jamesraymond wrote: »

... Though you should invest in crypto currency. I mean you can invest 1-10% of your net worth? This technology looks really promising.

jamesraymond wrote: »

... but marketcap of whole cryptocurrency market is hardly $400B which is very low. So you can expect high returns.

If its not spam then its certainly drivel.

ValiantSon

jamesraymond wrote: »

Thanks! Yes I am not going to waste my $37 there. :j Though you should invest in crypto currency. I mean you can invest 1-10% of your net worth? This technology looks really promising. I know there is speculation going on in this market but marketcap of whole cryptocurrency market is hardly $400B which is very low. So you can expect high returns.

It really doesn't stack up as an investment. There is no particularly good use for crypto currency outside of the black economy. The coins themselves hold no intrinsic value, so are only ever worth what someone is foolish enough to pay for them. Block chain may have practical benefits, but the crypto currencies don't.

If I had bought when they worth nothing and been wise enough to sell then yes, they would have been a good investment, but buying now makes no sense.

I'll stick with equities and fixed income securities.

Reaper

jamesraymond wrote: »

I am getting mails from a system called as Crypto Formula which costs just $37.
But on Google, many negative reviews are there of this system but still that system is a little bit convincing. Should I go for it or not? Thanks in advance.

Many negative reviews? I typed "Crypto Formula $37" into Google and got a page of people saying it is a scam. They didn't even bother to create fake review sites with positive reviews like most scammers.

Honestly if that doesn't set alarm bells ringing there is no hope for you and your money. If this scam doesn't get you the next one will.

AndyPix

Fool




















































Money ...

AnotherJoe

chockydavid1983 wrote: »

I predict it will go up, down or stay the same :-)

And I predict it will do all of those.

Will_Do

jamesraymond wrote: »

Though you should invest in crypto currency. I mean you can invest 1-10% of your net worth? This technology looks really promising. I know there is speculation going on in this market but marketcap of whole cryptocurrency market is hardly $400B which is very low. So you can expect high returns.

I really don't follow your logic. There is certainly a general consensus that blockchain is interesting technology with serious potential uses in business and commerce. Buying cryptocurrency is not the way to try and get an investment stake in the technology though. Your approach is akin to feeling that electric cars are going to achieve exponential market growth over the next few years, so to invest in the technology you go out and buy an electric car. Buying shares in a company making/developing/selling electric cars would be an investment, buying the car is not.

Right now, the only notable demand for cryptocurrency is speculators and criminals (black market transactions, money laundering, tax evasion etc). The criminal aspect (IMO) makes cryptocurrencies very vulnerable to legal sanctions (very easy for nation states to seriously impede CC transactions if/when they decide they need to). Speculators alone cannot maintain a market and the serious money that traditionally drives financial markets will stay away as long as prices are going up and down like a yo-yo

markj113

The whole crypto mainly used by criminals is nonsense.


Fiat currency including the pound and dollar has and always will have a greater link to crime than any crypto. Perhaps governments should clean up their own house including the banks before diverting attention to crypto currency.

Will_Do

markj113 wrote: »

The whole crypto mainly used by criminals is nonsense.


Fiat currency including the pound and dollar has and always will have a greater link to crime than any crypto. Perhaps governments should clean up their own house including the banks before diverting attention to crypto currency.

Did you hone your debating skills arguing in favour of Freeman of the Land and Flat Earth?

How about you present verifiable figures demonstrating that cryptocurrencies are being used in significant volumes for legitimate, legal transactions. Then you'll have countered my position.

markj113

Will_Do wrote: »

Did you hone your debating skills arguing in favour of Freeman of the Land and Flat Earth?

How about you present verifiable figures demonstrating that cryptocurrencies are being used in significant volumes for legitimate, legal transactions. Then you'll have countered my position.

Total crytpo currency market cap currently stands at around $372 billion.

Are you seriously suggesting that is mostly down to criminal activity?

Also you initially made the statement about links to crime so how about you post some data and facts to back up your statement and drop the arrogant, patronising attitude.


My statement regarding Fiat and banks links to criminal activity is factually accurate, for example HSBC laundering money for drug cartels.

JohnRo

More interesting is why these folks feel so energised and agitated about a free market, evolving digital currency environment that it induces the vitriol and drivel it does in the first place.

London holds the crown as the money laundering capital of the world, I doubt much if any of the property and asset bonanza has been fuelled by crypto currency.