Cypto / Bitcoin do you do it ??

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runningmumof3boys Feb 2021 4:03pm, 14 Feb 2021 4,198 posts	0 runningmumof3boys I deffo won’t be investing a lot I was thinking £500 maximum as I’m definitely not a gambler with money to risk losing !! (I’ve an 18 year endowment policy maturing in May ) so as well as taking out another I thought I’d also risk say £500 on a Crypto currency
Derby Tup Feb 2021 4:05pm, 14 Feb 2021 48,993 posts	0 Derby Tup I’m still on pounds shillings and pennies. Is there something new going on? It’s not to do with that Common market is it?
NDWDave Feb 2021 4:08pm, 14 Feb 2021 14,050 posts	0 NDWDave Down with this sort of thing! Careful now
Totriornottotri Feb 2021 4:10pm, 14 Feb 2021 1,360 posts	0 Totriornottotri I have to admit I’ve looked but mainly at the silly Doge coin which I guess is apt.
le Beouf Feb 2021 4:23pm, 14 Feb 2021 9,497 posts	0 le Beouf I got a bit carried away with this a few years back, kicked on by the last boom. Ended up putting in about £3000 in Eth and some other altcoins (this was when Eth triggered hundred of made-up con cryptos - librarycoin for the library crypto use case, etc!). I can't say why I never bought bitcoin - just my contrary nature I bought after the ATH (all-time high) of that time and still within months I was 75% down. Ended up selling the shitcoins and left myself with 2 eth, which went down to £75 each at one point. Kept the Eth until this summer (ironically!) when it went back up to about £275. I was just done with it and sold. Maybe I lost 50% overall in the end? Of course, if I'd kept those I'd have made my money back but there's only so much your nerves can take and you can't predict when this stuff hits the news again I would say that I found the whole crypto world pretty fun and crazy. It's far from legit though to people used to trading in Vanguard or other established brokers. People get scammed all the time, you can lose it just because your hardware wallet provider puts out shit software, or your exchange gets hacked. It's amazing how many time Coinbase happens to go down just when there's massive gains to be realised and just extracting it back into sterling can be far from simple. It's very much the wild west of finance but seems to be getting better. If it all crashes again in future and I had some spare money, I might go in again but bitcoin and eth are really the only true games in town long-term it seems. Everything revolves around them. If bitcoin goes up it seems the entire crypto market goes up with it. Elon Musk can make a throwaway comment and you gain or lose huge percentages. The one thing that always intrigues me is, when I played through the "Bitcoin is 1000% in a month" stories... How many people can afford to sit there and got "Nope, not selling at 200% gain, 300% still nope, 700% nah, I want more than 1000%!" Good for those people but they a lot of spare dough or balls of steel Like with any investment, for it if you can afford to lose it. Just thought I'd share some thought and gives a story where someone didn't get rich from it. Many thousands definitely lost a lot more than I did. This is a great podcast about one crypto story: bbc.co.uk
runningmumof3boys Feb 2021 4:29pm, 14 Feb 2021 4,199 posts	0 runningmumof3boys Ah I’ve listened to that. Total scammer. Her coin Wasn’t even on the blockchain A sad story for those who fell it all !!!
The_Saint Feb 2021 5:58pm, 14 Feb 2021 6,736 posts	0 The_Saint The only predictable thing about Bitcoin is every time there is a new peak, the media wheel out the story of the chap in Newport, Gwent who threw out a hard drive allegedly containing 7500 Bitcoin and the same chap from Newport Council is wheeled out to say "No, we don't care how much it is worth, we aren't digging up the landfill site".
Totriornottotri Feb 2021 6:11pm, 14 Feb 2021 1,363 posts	0 Totriornottotri Looking at Bee and Pi they appear to just generate apps to gain hits and then earn money from ads.
Totriornottotri Feb 2021 6:12pm, 14 Feb 2021 1,364 posts	0 Totriornottotri Or the guy who can’t remember his password and has locked himself out: bbc.com
Dave.O Feb 2021 6:53pm, 14 Feb 2021 26,813 posts	0 Dave.O Some at work do it. I didn't know you can buy shares of a Bitcoin. I have noticed Bitcoin has gone up about £7000 in the past week.