CRYPTO CURRENCY ANYONE?

[FoxyPalace.com]

Hi Guys I was wondering if anyone on the site was investing in Crypto ?

[Kopic]

I invested £10 in Ripple a year ago and it's now worth 27 quid. Baller.

[FoxyPalace.com]

1 minute ago, Kopic said:

I invested £10 in Ripple a year ago and it's now worth 27 quid. Baller.

Cool yes I have some Ripple XRP and a few others, its so interesting but risky.

[RoboFox]

4 minutes ago, Kopic said:

I invested £10 in Ripple a year ago and it's now worth 27 quid. Baller.

Drinks on @Kopic at the FT Christmas party! 

Edited 5 March 2019 by RoboFox

[Izzy]

[Wymsey]

Read somewhere that the value of the currency, overall, is declining now due to the number of users using it.

Seems as if theres been a too much of a boom, and now some are quite 'anti-climaxed' about using it.

If you want to take the risk, feel free.

[Foxboy]

I invests in Forex, don't fully understand crypto so for me the risk is too much.

[FoxyPalace.com]

I do have some investments which will hopefully pay off.

I hear Starbucks is primed to accept Bitcoin soon

Edited 5 March 2019 by FoxyPalace.com

[peach0000]

I’ve done it in the past, the problem was it was just so volatile. You could literally 10x your money in a couple of minutes then within the hour it’s halved what it was when you bought it. 

[brucey]

It’s basically like gambling with dodgy bookies which could shut down and take all your money at any time.

[Manini]

Couple of lads at my old work put a shit load of money in to Zil start of last year. I mean they haven’t lost anything yet because they haven’t taken their money out but it absolutely tanked pretty much as soon as they invested. 

 

I feel like if you’re going to invest money you’re better off doing it in financial stocks or spending it down the bookies but each to their own isn’t it. 

 

**before anyone starts, yes, I understand that giving your money to a bookmaker isn’t investing but you see my point** 

Edited 5 March 2019 by Manini

[oakman]

just Reading about a crypto company called Quadriga - the owner died unexpectedly and nobody was able to access the computer containing $180 million worth of clients coins for months. They’ve just got access and the wallets are empty. 

[The Syrup]

1 hour ago, brucey said:

It’s basically like gambling with dodgy bookies which could shut down and take all your money at any time.

You can do spread betting on crypto currencies, betting whether the price will go up or down. Still risky as if you bet the wrong way you lose your dough, but you're not actually buying the currency. I've done spread betting on shares, gold, FTSE 100 with varying degrees of success / failure.

[RobHawk]

Yep, bough £100 worth of about 20 coins. 

 

Down a a touch a the mo, but I'm in it for the long haul and will be paying off my mortgage with the profits in 5 years. ???

[Vince Vega]

19 hours ago, Foxboy said:

I invests in Forex, don't fully understand crypto so for me the risk is too much.

[Foxboy]

On 06/03/2019 at 14:10, Vince Vega said:

??

[Otis]

 

Seriously?

[grobyfox1990]

Read the fca's report on 'why do people buy crypto currency' - sad/hilarious reading

[Stevosevic]

How is this going for people? 

 

BitCoin at a record high today 

[Sly]

At this point In time GBP may as well be Crypto currency to me, as I’ve not withdrawn any physical cash for years. 
 

Actual crypto currencies are far to volatile to be considered a good investment strategy. 

[Wolfox]

You can buy it very simply through your PayPal account 

 

I put a tenner into bitcoin and ethereum 

 

up 50% in two weeks

 

i just don’t know enough about it to invest seriously, but, may punt a few more quid at some point and just sit on it

[Webbo]

I have some Theta, my brother in law who has made a serious amount of money from cryptos reckons they'll take off next month.