Student Coin. The next Bit Coin or just another elaborate scam

Jules_100

I've recently received a referral for 'Student Coin' from a family member who I would trust with my money but knows no more than I do when it comes to risky investments. He himself was referred to Student Coin by a regular Investor who reckons that it could be the next Bit Coin!

Having done my due diligence on Google, there's very little out there about Student Coin and what there is makes little or no sense! I can't fathom what gives it it's worth and it being in it's infancy just how it will work?

Has anyone invested in Student Coin and got any impartial advise they could give me? I'm willing to take a punt with with money I won't miss, but is it really worth it?

Invest or Avoid??

p00hsticks

Jules_100 said:

Has anyone invested in Student Coin and got any impartial advise they could give me? I'm willing to take a punt with with money I won't miss, but is it really worth it?

If someone has chosen to invest in it, then they're not going to be impartial.....

MaxiRobriguez

Avoid, unless you want to lose all your money.

Zanderman

Jules_100 said:

I've recently received a referral for 'Student Coin' from a family member who I would trust with my money but knows no more than I do when it comes to risky investments. He himself was referred to Student Coin by a regular Investor who reckons that it could be the next Bit Coin!

Having done my due diligence on Google, there's very little out there about Student Coin and what there is makes little or no sense! I can't fathom what gives it it's worth and it being in it's infancy just how it will work?

Has anyone invested in Student Coin and got any impartial advise they could give me? I'm willing to take a punt with with money I won't miss, but is it really worth it?

Invest or Avoid??

Having done due diligence and found what you've found, I'd walk away.  

The obvious course of action, and you surely know this already, is Avoid.

underground99

Jules_100 said:

Having done my due diligence on Google, there's very little out there about Student Coin and what there is makes little or no sense! I can't fathom what gives it it's worth and it being in it's infancy just how it will work?

A general comment not specific to this - in the world of investments, 'due diligence' does not mean just googling something.

Either you haven't yet done all the diligence that is due, because you don't understand it;  or you have done all the diligence that is due, and what you discovered during your diligent review of the fine details was that you weren't comfortable with it; its value is derived from blind faith and the people who are 'in the money' are those that created it, distributed it, or got paid referral fees for introducing others to it.. 

There are all sorts of things on which one could 'take a punt' with money they 'won't miss'. But unless your research has convinced you that there are no better prospects than this thing out of all the other things that exist for you to have a punt on, it seems you should walk away and not waste any more time on it.

Of course the people referring you to it will be happy to give referrals. They literally get paid 20-30% of the coins purchased by the refer-ee.

whatstheplan

It's currently sitting at $0.03.  Another way you could look at it, purely as a punt, is to invest/gamble $50.  If it ever rose to $10 your investment/gamble would be worth $1.7 million (rounded.)

I'd say most crypto falls into the pure 'punt' category and will never appreciate much in value, however 'if' this ends up being the next Bitcoin or even just relatively close to, you might just kick yourself?  Folk were no doubt being advised the same about Bitcoin by friends a few years back.

To me it's almost irrelevant what's actually going on with all this crypto stuff.  If you elect to put money in (that you can genuinely afford to lose) and it crashes, so be it, that's life.  However if it appreciates and you get out at the right time, the punt has paid off.

MX5huggy

Is it OneCoin rebranded? https://www.bbc.co.uk/sounds/brand/p07nkd84

benbay001

whatstheplan said:

It's currently sitting at $0.03.  Another way you could look at it, purely as a punt, is to invest/gamble $50.  If it ever rose to $10 your investment/gamble would be worth $1.7 million (rounded.)

I'd say most crypto falls into the pure 'punt' category and will never appreciate much in value, however 'if' this ends up being the next Bitcoin or even just relatively close to, you might just kick yourself?  Folk were no doubt being advised the same about Bitcoin by friends a few years back.

To me it's almost irrelevant what's actually going on with all this crypto stuff.  If you elect to put money in (that you can genuinely afford to lose) and it crashes, so be it, that's life.  However if it appreciates and you get out at the right time, the punt has paid off.

Being $0.03 has absolutely nothing to do with anything. 

Langtang

p00hsticks said:

Jules_100 said:

Has anyone invested in Student Coin and got any impartial advise they could give me? I'm willing to take a punt with with money I won't miss, but is it really worth it?

If someone has chosen to invest in it, then they're not going to be impartial.....

Which is probably why your friend told you about it.

MaxiRobriguez

whatstheplan said:

It's currently sitting at $0.03.  Another way you could look at it, purely as a punt, is to invest/gamble $50.  If it ever rose to $10 your investment/gamble would be worth $1.7 million (rounded.)

I'd say most crypto falls into the pure 'punt' category and will never appreciate much in value, however 'if' this ends up being the next Bitcoin or even just relatively close to, you might just kick yourself?  Folk were no doubt being advised the same about Bitcoin by friends a few years back.

To me it's almost irrelevant what's actually going on with all this crypto stuff.  If you elect to put money in (that you can genuinely afford to lose) and it crashes, so be it, that's life.  However if it appreciates and you get out at the right time, the punt has paid off.

There are hundreds of other coins available, so if the driver of investment is to not "miss out" then you need to drop £50 on all of them, so you're at £5k already.

And that's just thinking about Crypto. There are a bunch of other highly speculative techs which you'd need to drop £50 on to not miss out. How about some cold fusion? 

If you're just going to punt £50 on one thing it's like aiming for a dartboard a mile away. I'd rather spend the £50 on drinks with my mates down the pub.

strawb_shortcake

My Husband is at uni studying computer science, about 5% of his cohort all believe they are going to start the next cryptocurrency that is going to change the world.
I'd be putting my money on that 5% being wrong.