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

moneysavinghero

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!

If looks like a pyramid scam, sounds like a pyramid scam and smells like a pyramid scam then it is probably a pyramid scam.

IvanOpinion

I heard about this a while back and, from the description I was given, I came away from it believing it was nothing more than another pyramid or ponzi scheme.  I could be wrong.

foxy-stoat

Plenty of crypto coins out there, if you want to invest do your own research and punt away.

I got into crypto a couple of months ago with £2,000 and have just over £9,000 now.  

I am not a financial advisor.

whatstheplan

MaxiRobriguez said:

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.

My scenario was based on the assumption Student Coin was already of interest to whatever party.  I'm aware there are 100's of coins available thanks

maxsteam

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??

There's basically bitcoin and sh*tcoin. I got some sh*tcoin for free recently. I certainly would not pay for them. There are thousands and thousands of them. Anyone with a bit of coding knowledge can make some more. If you google for "new ICOs" you can find others. Rather than worry about whether or not to spend money on this (or other ICOs), you could spend the same amount of time making your own sh*tcoins, and it wouldn't cost you anything. It would be a fun thing to do and you could use them for a fun game of monopoly with the family.

HansOndabush

Or sell them to the naive as 'digital gold'

Eyeful

Never invest in something you do not understand!

You have stated you do not understand Student Coin.

Jules_100

Thanks for all the comments. I get the message loud and clear.....

Scottex99

Jules_100 said:

Thanks for all the comments. I get the message loud and clear.....

    Website is half decent but team and connections look pretty fishy to me.

https://tbbob.com/reviews/student-coin-review

This covers it nicely, especially the comments. Big fat avoid

Vet

Theres already too much out there. Avoid.