cryptocurrencies

[nikom court]

I bought 1 bitcoin when it was $3500 it's now at $8600 more or less. Sadly I also spent hours and hours trading other crypto coins. I've now managed to end up on $624. Should have just left it alone

expensive lesson mate,avoid shtcoins!

 

[Connor]

Still a scam

 

[witchdoc187]

expensive lesson mate,avoid shtcoins!

Yeah I did expect to lose at first. Sticking to bitcoin now

 

[witchdoc187]

Hello buddy how are you doing today.

Hello mate good thanks. Been out chopping wood for the fire. Now sat in the warm

 

[carlos21]

Hello mate good thanks. Been out chopping wood for the fire. Now sat in the warm

That’s how you living the dream kid.

 

[witchdoc187]

That’s how you living the dream kid.

Trying mate. How are you today?

 

[Tramps_mate]

trading bitcoin (especially day trading)is very risky and is only going to end up badly,
however i use it as a savings account towards me retirement and things are going to plan,
its outperformed all my other traditional investments easily!

But can crash almost instantly and you lose the lot...

 

[Philw]

however i use it as a savings account towards me retirement and things are going to plan,
its outperformed all my other traditional investments easily!

But can crash almost instantly and you lose the lot...

Yeah, from everything I've seen in this, and the previous thread, this is the worst thing you could do with it. There's a good chance imo of it's value being nothing when you actually want to cash out.

 

[nikom court]

But can crash almost instantly and you lose the lot...

like thomas cook,carillion,flybe (coming soon) not to mention the banks that would have gone bust if they werent bailed out.
if you dont want risk,halifax do a nice 0.01% cash isa!
dont invest what you arent prepared to lose,that goes for all types of investments,theres no free lunch or get rich quick scheme!

 

[Efcjake]

trading bitcoin (especially day trading)is very risky and is only going to end up badly,
however i use it as a savings account towards me retirement and things are going to plan,
its outperformed all my other traditional investments easily!

You can only say it's outperformed your other investments when you cash out.

Until then the arse can go from crypto at any time with no guarantee of any future growth because the entire thing is a speculation bubble that grows and pops continuously.

It's not exactly shook up the global currency market like it was supposed to. It still isn't a widely accepted currency with a value based on anything other than speculation that you will be able to sell it on to the next greater fool

It's being traded on as a commodity and that's what drives its value but unlike other commodities like food and precious metals a bit coin doesn't have any inherent and tangible value because it's fairly useless in practice.

 

[carlos21]

Oh you know, a bit of this, a bit of that. Are you all set for summer?

Can you start the quiz night thread.

 

[COYBL25]

Yeah, from everything I've seen in this, and the previous thread, this is the worst thing you could do with it. There's a good chance imo of it's value being nothing when you actually want to cash out.

May as well take a load of wedge to the races, take a chance on losing the lot and have a great day out in the process.

 

[Bruce Wayne]

Can you start the quiz night thread.

Consider it done.

 

[Bungle]

like thomas cook,carillion,flybe (coming soon) not to mention the banks that would have gone bust if they werent bailed out.
if you dont want risk,halifax do a nice 0.01% cash isa!
dont invest what you arent prepared to lose,that goes for all types of investments,theres no free lunch or get rich quick scheme!

Just out of interest mate if you decided that you thought it had peaked and wanted to get out how quickly could you do that and how easy would that be?

 

[carlos21]

Consider it done.

Thank you mate.