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  • FIRST POST
    • SteveTheWinner2017
    • By SteveTheWinner2017 27th Dec 17, 6:52 PM
    • 3Posts
    • 1Thanks
    SteveTheWinner2017
    Who's invested in Cryptocurrency
    • #1
    • 27th Dec 17, 6:52 PM
    Who's invested in Cryptocurrency 27th Dec 17 at 6:52 PM
    Hi, I'm a member of many Facebook groups but wanted to see how many UK people here have invested in Cryptocurrency? Have you managed to make a profit? Have you spent any of your profit?

    I've been investing for several months now and In 2018 i'm hoping that my investments make me a millionaire due to the amount of holdings I have.
Page 6
    • Malthusian
    • By Malthusian 28th Feb 18, 10:45 AM
    • 4,651 Posts
    • 7,435 Thanks
    Malthusian
    If you invest in some crypto coins, and the value drops, at that point you still have the coin as an asset, the option is there to just wait and hold for a recovery. So two very different scenarios.
    Originally posted by Chrysalis
    There are plenty of altcoins whose value has dropped to zero, or which have been delisted from every exchange and are no longer tradable. Either way the punters have lost 100% of their money, and it is exactly like betting on football.
    Last edited by Malthusian; 28-02-2018 at 11:46 AM.
    • bowlhead99
    • By bowlhead99 5th Mar 18, 8:55 AM
    • 8,243 Posts
    • 15,031 Thanks
    bowlhead99
    My friend is kind of cryptospecialist and he invests much in all that cryptostuff. I asked him to select the most reliable and safe coin for me to invest, so on his advice I bought CNX coins , transferred it to Cryptonex windows wallet and keep it online. As far as I can understand it's not exactly mining (though it's called pos mining) but I get 12% annually from it. I've already got 1 mining reward and all that seems to be quite easy and profitable.
    Originally posted by Halorey
    It's not guaranteed to give you 12% annually though is it - it could make 100% loss next year. It is easy to make profits when things are going up in value. When people start finding tips on the internet from other people who don't understand crypto but have just had a second-hand recommendation from someone who is kind of into it, so they bought some and can only describe it in a vague way but found it 'easy and profitable' because it went up in value; that is the time to tut, shake your head and say the thing is just a bubble.

    "I get 12% annually" ? Do you really? CNX only had its initial coin offering in October 2017 so you are less than 6 months into the project. You can't possibly know you'll make gains of 12% annually and don't have any evidence to back up your assertion, only a 'friend' who tells you it is safe. To the rest of us it sounds like you've opened a forum account here to encourage us to buy it in the hope that the demand would increase the value of your own coins.
    • Halorey
    • By Halorey 12th Mar 18, 2:30 PM
    • 1 Posts
    • 1 Thanks
    Halorey
    It's not guaranteed to give you 12% annually though is it - it could make 100% loss next year.
    Originally posted by bowlhead99
    Agree. Cryptoworld is unstable in general and risks are all around.

    When people start finding tips on the internet from other people who don't understand crypto but have just had a second-hand recommendation from someone who is kind of into it, so they bought some and can only describe it in a vague way but found it 'easy and profitable' because it went up in value; that is the time to tut, shake your head and say the thing is just a bubble.
    Originally posted by bowlhead99
    These are my suggestions. Everybody must think for himself.

    Do you really? CNX only had its initial coin offering in October 2017 so you are less than 6 months into the project. You can't possibly know you'll make gains of 12% annually and don't have any evidence to back up your assertion, only a 'friend' who tells you it is safe.
    Originally posted by bowlhead99
    Of course I couldn't get 12% as the project was launched in summer or even later. I can only say that I really get my 1% per month so I suppose that it will be 12% annually as they promise.
    • Theta101
    • By Theta101 13th Apr 18, 10:06 PM
    • 140 Posts
    • 29 Thanks
    Theta101
    Santander launches the first blockchain-based international money transfer service

    https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/Corporate/Press-room/Santander-News/2018/04/12/Santander-launches-the-first-blockchain-based-international-money-transfer-service-across-four-countries-.html
    • ivormonee
    • By ivormonee 14th Apr 18, 7:17 AM
    • 167 Posts
    • 105 Thanks
    ivormonee
    The number of cryptocurrency related posts on this forum have progressively dwindled over the past couple of months or so. Could this be a sign that interest in this arena is waning? If so, might this be an omen of the future of bitcoin and the other coins?
    • sstjc
    • By sstjc 14th Apr 18, 9:37 AM
    • 18 Posts
    • 2 Thanks
    sstjc
    I think your right. However I put a small amount into Bitcoin and Litecoin just to keep my interest up. Although I have lost almost half the money invested my instinct is that something similar will rise from the ashes of cryptos that will cause a rise in the values of current cryptos and I hope to gain a bit back when that happens. Personally I think that what comes next will again be blockchain based but we have yet to see what it is. Its a chance i'm willing to take but of course all the 'make-a-fast-buck' people have, as you say, lost interest.

    Looking back a couple of posts the fact that the established banks and others are now taking an interest in Blockchain based data and money handling systems legitomises the whole thing which removes its attraction for many shady characters and orgainisations that found Bitcoin so attractive in the early days and suggests that transactions will become more tracable. So perhaps for the next get-rich-quick scheme that brings with it the growth we saw in Bitcoin will have to wait until someone comes up with something else that sits underneath the radar of governments and regulators. As always the question then will be who will be quick enough to spot it?
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
    • cybermum
    • By cybermum 17th Apr 18, 12:44 PM
    • 316 Posts
    • 393 Thanks
    cybermum
    The number of cryptocurrency related posts on this forum have progressively dwindled over the past couple of months or so. Could this be a sign that interest in this arena is waning? If so, might this be an omen of the future of bitcoin and the other coins?
    Originally posted by ivormonee
    No . It simply means the flurry of people who ran in and invested at the wrong time subsequently got burnt . Rather than waiting, researching and studying in depth they threw money at whatever seemed hot ' according to Reddit .

    Far from waning , only increasing among those who can see the future with this tech in it. Most do not . Yet.
    The fast ££££ guys with no idea need to go research and then invest in projects that offer something of substance and not hype.
    • cybermum
    • By cybermum 17th Apr 18, 12:50 PM
    • 316 Posts
    • 393 Thanks
    cybermum
    A hive of activity is taking place on a few forums dedicated to crypto and the emerging tech. The up and coming ICO's this year are many.
    2 catch my eye. But its ever ever evolving at pace. 80,000 retailers in the EU now accept cryptocurrency as a method of payment.
    Its only going to increase exponentially.
    • eskbanker
    • By eskbanker 17th Apr 18, 1:01 PM
    • 8,013 Posts
    • 8,925 Thanks
    eskbanker
    Rather than waiting, researching and studying in depth they threw money at whatever seemed hot ' according to Reddit .
    Originally posted by cybermum
    Interesting choice of citation, which (to me) ranks some way below 'according to Wikipedia/the Daily Mail/some bloke down the pub' in terms of credibility!
    • Malthusian
    • By Malthusian 17th Apr 18, 2:30 PM
    • 4,651 Posts
    • 7,435 Thanks
    Malthusian
    80,000 retailers in the EU now accept cryptocurrency as a method of payment.
    Originally posted by cybermum
    Less than 100 retailers worldwide accept cryptocurrency as a method of payment. The list is here.

    Allowing you to convert cryptocurrency into fiat money at the till and then pay in fiat money (and taking a fee for doing so) is not "accepting cryptocurrency". It is accepting fiat, while offering a currency conversion service. You are only accepting cryptocurrency if the price is quoted in cryptocurrency and not pegged to its value in a fiat currency.

    OneCoin doesn't count either.
    • markj113
    • By markj113 17th Apr 18, 4:22 PM
    • 179 Posts
    • 129 Thanks
    markj113
    Less than 100 retailers worldwide accept cryptocurrency as a method of payment. The list is here.

    Allowing you to convert cryptocurrency into fiat money at the till and then pay in fiat money (and taking a fee for doing so) is not "accepting cryptocurrency". It is accepting fiat, while offering a currency conversion service. You are only accepting cryptocurrency if the price is quoted in cryptocurrency and not pegged to its value in a fiat currency.

    OneCoin doesn't count either.
    Originally posted by Malthusian
    That list is not a list of all companies that accept bitcoin, I know that for a fact as I have made several purchased using bitcoin with companies not on that list.
    • ValiantSon
    • By ValiantSon 17th Apr 18, 8:57 PM
    • 2,537 Posts
    • 2,511 Thanks
    ValiantSon
    That list is not a list of all companies that accept bitcoin, I know that for a fact as I have made several purchased using bitcoin with companies not on that list.
    Originally posted by markj113
    Were the prices quoted in bitcoin, or did they convert your bitcoin into another currency?
    • fwor
    • By fwor 24th May 18, 1:37 PM
    • 6,032 Posts
    • 4,090 Thanks
    fwor
    I will never invest in cryptocurrencies. Is it beneficial?
    Originally posted by geoffreycelen

    Forum profile spammer. Can you tell from the quality of his posts?
    • AlisonCVS
    • By AlisonCVS 26th May 18, 1:03 PM
    • 88 Posts
    • 93 Thanks
    AlisonCVS
    Help!!!
    I "Invested" almost £1000 with Cryptonash. I made some profit which was shown on my online account. But trying to cash in the company went quiet and I still have not received my money. Can anyone advise is there any way to take any action against them?
    Cahoot £8673.84 £0
    Natwest £6266.71 £0
    Barclaycard £3492.28 £0
    Littlewoods £2907.86 £0
    • masonic
    • By masonic 26th May 18, 1:09 PM
    • 9,823 Posts
    • 7,033 Thanks
    masonic
    I "Invested" almost £1000 with Cryptonash. I made some profit which was shown on my online account. But trying to cash in the company went quiet and I still have not received my money. Can anyone advise is there any way to take any action against them?
    Originally posted by AlisonCVS
    How did you fund the payment?
    • AlisonCVS
    • By AlisonCVS 26th May 18, 2:10 PM
    • 88 Posts
    • 93 Thanks
    AlisonCVS
    How did you fund the payment?
    Originally posted by masonic
    Via their website I made a deposit from my bank account.
    Cahoot £8673.84 £0
    Natwest £6266.71 £0
    Barclaycard £3492.28 £0
    Littlewoods £2907.86 £0
    • masonic
    • By masonic 26th May 18, 4:07 PM
    • 9,823 Posts
    • 7,033 Thanks
    masonic
    Via their website I made a deposit from my bank account.
    Originally posted by AlisonCVS
    That's a shame, there really isn't any recourse if you make a bank transfer to a fraudster. A payment by card might have given you other options.

    Of course, you could try to take action against them, but the likelihood of success is low. Perhaps report it to ActionFraud.
    • masonic
    • By masonic 26th May 18, 4:11 PM
    • 9,823 Posts
    • 7,033 Thanks
    masonic
    Just to add, it doesn't look good:

    https://www.scamadviser.com/check-website/cryptonash.com
    https://www.reddit.com/r/Bitcoin/comments/82ovww/my_dad_started_investing_in_bitcoin_using/
    • TBC15
    • By TBC15 26th May 18, 4:28 PM
    • 554 Posts
    • 282 Thanks
    TBC15
    I will never invest in cryptocurrencies. Is it beneficial?
    Originally posted by geoffreycelen
    Your actions are, it proves your not a halfwit.
    • AlisonCVS
    • By AlisonCVS 26th May 18, 5:35 PM
    • 88 Posts
    • 93 Thanks
    AlisonCVS
    That's a shame, there really isn't any recourse if you make a bank transfer to a fraudster. A payment by card might have given you other options.

    Of course, you could try to take action against them, but the likelihood of success is low. Perhaps report it to ActionFraud.
    Originally posted by masonic
    Actually now I come to think of it - it was by debit card. Does this make a difference?
    Cahoot £8673.84 £0
    Natwest £6266.71 £0
    Barclaycard £3492.28 £0
    Littlewoods £2907.86 £0
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