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Bitcoins/Cryptocurrency

edited 30 November -1 at 1:00AM in Savings & Investments
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  • floorspeed_2floorspeed_2 Forumite
    45 posts
    Seventh Anniversary 10 Posts

    "Better a poor man awaiting a capitalist swell"

    "Than a rich man who is in dwell"


    "Money is not supposed  to be funny"

    "Even tho a joke lies in the ironic spending of times journey"


    "Value is in the foot steps we take"

    "Running a marathon with a bursting heart rate"


    "The wall is all we face in regards to any capitalist gains asset debate"

    "minds strong with a goal of hitting the finish line regardless of the time or date"


    "Crossing the line of achievement can’t not be weighed"

    "With are hearts of gold and mind  when are goals are achieved"


    "Awaiting a new monetary moment is a marathon"

    "Don’t get caught up in the short term rushes when comes the new dawn"


    "Time is what we take and Time take from us"

    "Spend it wisely it’s about self trust"


    "Boom or bust"

    "Discuss"

  • edited 9 May at 12:34AM
    josewisejosewise Forumite
    20 posts
    10 Posts
    edited 9 May at 12:34AM
    I do not believe in CryptoCurrency anymore. there was a chance to earn a lot of money on it if to buy it earlier before the price grew up. Of course, if I bought bitcoin for 1$ I would ve rich now, but in 2017 there was not already a such a chance. the only way of earning money cryptocurrency now as I think is trading, which is actually every time. I started trading many years ago and slowly past to the cryptocurrency trading because I can trade it day and night and weekends too, which is not possible with normal money. And prices change much faster ad more significant. I trade on the best trading platform https://oqex.io/fee and I hope I will do it all my life.


  • jennyjjjennyjj Forumite
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    josewise said:
    I do not believe in CryptoCurrency anymore

    Nope..... It definitely exists, albeit as a rather abstract system, just like real fiat currency. :smile:
  • TBC15TBC15 Forumite
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    josewise said:
    I do not believe in CryptoCurrency anymore

    Please sit down I’ve got some news on Santa Clause..


  • jjhdeejjhdee Forumite
    65 posts
    10 Posts First Anniversary
    How come? Well it does take more than a crash course (there's more to learn besides what's in this) and it's real risky so you may not reap the benefits of your efforts instantly, but it's not that different in that regard from others.
  • EdGasketTheSecondEdGasketTheSecond Forumite
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    jennyjj said:
    josewise said:
    I do not believe in CryptoCurrency anymore

    Nope..... It definitely exists, albeit as a rather abstract system, just like real fiat currency. :smile:
    But fiat currency, while it lasts, is supported by governments and economies, and recognised as being exchangeable for goods and services. Crypto is supported only by enthusiasts and a much more limited market of goods and services, many illegal, that will accept bitcoin as payment. At any moment gov'ts could simply decide to ban crypto then you don't have anything but some interesting numbers.

  • RichTipsRichTips Forumite
    14 posts
    10 Posts
    Placing 100% of your bank deposits in crypto is lunacy and certainly not "safe". I would advocate for the benefits of the space but would consider even 5-10% incredibly extravagant. Test the water with >1% if you feel like taking a punt and don't mind consider it sunk cost immediately. Make damn sure you spend a year or so learning about crypto in your spare time before doing much else though.
    Also, there's a Bitcoin post already and while there are now other cryptocurrencies offering more diverse functionalities this additional thread doesn't seem distinct enough to merit attention.
  • eskbankereskbanker Forumite
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    RichTips said:
    Also, there's a Bitcoin post already and while there are now other cryptocurrencies offering more diverse functionalities this additional thread doesn't seem distinct enough to merit attention.
    Are you seriously suggesting that another thread, started a couple of weeks ago, should somehow take precedence over this one that was started over two and a half years ago and has seen steady traffic over that time?
  • RichTipsRichTips Forumite
    14 posts
    10 Posts
    I see your point. I don't wish to disparage the merit of an older thread.
  • bowlhead99bowlhead99 Forumite
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    eskbanker said:
    RichTips said:
    Also, there's a Bitcoin post already and while there are now other cryptocurrencies offering more diverse functionalities this additional thread doesn't seem distinct enough to merit attention.
    Are you seriously suggesting that another thread, started a couple of weeks ago, should somehow take precedence over this one that was started over two and a half years ago and has seen steady traffic over that time?
    RichTips said:
    I see your point. I don't wish to disparage the merit of an older thread.

    Though this thread only came back to life again today because new poster 'neweste' wanted to tout the benefits of their crypto based 'structured deposit product' which they recommended on another thread yesterday, which is not a scam honest guv. 

    The product they recommended simply lets you take a proportion of the upside without the full downside of crypto returns, and you can pick from a blend of products where you choose your desired rate of return, e.g. take take 40% of the blended crypto growth rate if it goes up, and lose 20% of your deposit if it goes down. Or take 20% of the crypto growth rate if it goes up, and all the money back fully guaranteed if it goes down. Or a more cautious option where you get  only 16% of the upside, but if it goes down you get all your money back plus 4% return. 

    Q: How can they possibly generate the returns to pay you out if the crypto fails? 
    A: a mixture of magic, and it being a scam with the guarantee not being worth the e-paper it's written on.
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