bitcoin trading.

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  • planteria
    planteria Posts: 5,321 Forumite
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    4_Pete's_Sake wrote: »
    ...Expect all of them to drop by at least 95% from their highs....

    Bitcoin at $975 and Ethereum below $68. i'd buy at those prices:think:, all other things being similar to their state now.
  • Bravepants
    Bravepants Posts: 1,503 Forumite
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    4_Pete's_Sake wrote: »

    I wonder if some Solicitors will see potential here to make claims of mis-selling.

    Who would they be making these claims against?
    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • BananaRepublic
    BananaRepublic Posts: 2,103 Forumite
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    Bitcoin is down 68% from its peak, and still going down. It's not nice for the investers/mugs [delete as applicable] but it will be interesting to watch how this evolves over the rest of the year.
  • martinsurrey
    martinsurrey Posts: 3,368 Forumite
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    planteria wrote: »
    Bitcoin at $975 and Ethereum below $68. i'd buy at those prices:think:, all other things being similar to their state now.

    Why bitcoin and not a random other alt coin?
  • 4_Pete's_Sake
    4_Pete's_Sake Posts: 310 Forumite
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    Bravepants wrote: »
    Who would they be making these claims against?

    It could be those making the outrageous growth predictions in adverts but I'm sure that if there is a claim to be had then solicitors would find someone to blame.

    The problem could be that the Cryptocurrency Market is still completely unregulated.

    Therefore it is a total gamble.

    There will be "Dead cat bounces", which will make some hold rather than sell but the overall trend is still downwards.
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  • 4_Pete's_Sake
    4_Pete's_Sake Posts: 310 Forumite
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    planteria wrote: »
    Bitcoin at $975 and Ethereum below $68. i'd buy at those prices:think:, all other things being similar to their state now.

    Give it a few more months and your wish may well come true.
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
  • 4_Pete's_Sake
    4_Pete's_Sake Posts: 310 Forumite
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    martinsurrey wrote: »
    Why bitcoin and not a random other alt coin?

    There are now 2831 Cryptocurrencies to choose, you can view them all at:

    https://coinranking.com/

    Just click on heading "CRYPTOCURRENCY" and it will take you to #2831 NumbersCoin. New ones are being invented every day. The scammers inventing them are the people who are making money out of this.
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
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    4_Pete's_Sake wrote: »
    It could be those making the outrageous growth predictions in adverts but I'm sure that if there is a claim to be had then solicitors would find someone to blame.

    That isn't mis-selling.
    4_Pete's_Sake wrote: »
    The problem could be that the Cryptocurrency Market is still completely unregulated.

    Therefore it is a total gamble.

    The high volatility has nothing to do with whether the market is regulated or not. High volatility is due to wild speculation and fact that the asset has no clear reason for its valuation.
  • ValiantSon
    ValiantSon Posts: 2,586 Forumite
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    4_Pete's_Sake wrote: »
    There are now 2831 Cryptocurrencies to choose, you can view them all at:

    https://coinranking.com/

    Just click on heading "CRYPTOCURRENCY" and it will take you to #2831 NumbersCoin. New ones are being invented every day. The scammers inventing them are the people who are making money out of this.

    Cryptocurrency isn't a scam. It may be a poor investment choice, but it isn't a scam.
  • FREDERICK_BIRKS
    FREDERICK_BIRKS Posts: 1 Newbie
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    I have just put 250 pounds into bitcoin with kayafx firm as any one heard off this one as the person is very pushey to get me to put more money in it he as traded with the money and made 99.0 pounds in 1 hour i do not want to put more money in so need some help
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