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Bitcoin

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ruthpreston
ruthpreston Posts: 1 Newbie
Fifth Anniversary Combo Breaker
edited 22 August 2022 at 2:47PM in Savings & investments
To Bitcoin or not to Bitcoin that is the question.
If I have any money at all to put into Bitcoin...will it raise money rather than lose money on average.  I am not expecting to coin the market, but I don't want to lose money or is it all a gamble.

Comments

  • Serena70
    Serena70 Posts: 1 Newbie
    First Post
    I will advice you to be careful of this bitcoin market now, you have to study the market very well before venturing into it.
  • I have read that Martin Lewis sued Facebook for wrongfully using him to endorse bitcoin products on their platform. I just registered now to let people know that adds with Martin Lewis on Facebook are endorsing products again.
  • I have read that Martin Lewis sued Facebook for wrongfully using him to endorse bitcoin products on their platform. I just registered now to let people know that adds with Martin Lewis on Facebook are endorsing products again.
    If you see these ads on Facebook, report them to Facebook and they should remove them. But it's like playing whack-a-mole sadly, they keep popping up all the time. 
  •  but I don't want to lose money or is it all a gamble.
    It's one of the highest risk 'investments' out there, so if you don't want risk losing money, don't touch it.
  • Linton
    Linton Posts: 18,139 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    A year ago today 1 bitcoin was worth £44K.   It is now worth £17K.  Is this the sort of fall you are prepared to accept?
  • anyone who asks a question like that

    shouldnt be investng in bitcoin
  • LeafGreen
    LeafGreen Posts: 554 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    This thread is from 5 months ago.  In that time the value of bitcoin has dropped substantially so I hope the OP didn't take the gamble.  They have not posted since, so I suspect we'll never know.
  • fourmarks
    fourmarks Posts: 257 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    To Bitcoin or not to Bitcoin that is the question.
    If I have any money at all to put into Bitcoin...will it raise money rather than lose money on average.  I am not expecting to coin the market, but I don't want to lose money or is it all a gamble.
    To Bitcoin, or not to Bitcoin: that is the question:
    Whether ’tis nobler in the bank to suffer
    The slings and arrows of a lost fortune
    Or to take a position against a sea of Roubles,
    And by opposing win them?

    To buy, to sell;
    To sell: perchance to pay CG tax ay, there’s the rub;


    To be, or not to be: that is the question:
    Whether ’tis nobler in the mind to suffer
    The slings and arrows of outrageous fortune,
    Or to take arms against a sea of troubles,
    And by opposing end them? 

    To die, to sleep;
    To sleep: perchance to dream: ay, there’s the rub;

  • I have read that Martin Lewis sued Facebook for wrongfully using him to endorse bitcoin products on their platform. I just registered now to let people know that adds with Martin Lewis on Facebook are endorsing products again.
    He didn't sue them for using his image, he sued them for allowing / not dealing with scam adverts that had his face on. They settled in 2019 after FB agreed to pay £3m to Citizens Advice, cover their legal costs and add a reporting tool to Facebook. If you see scam ads, report them and maybe ping him on Twitter
  • ColinD1
    ColinD1 Posts: 122 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Still going on today. Link from Facebook feed
    BREAKING (mssafllazj.digital)
    I have reported it.
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