Cryptocurrencies
- Thread starter rebremm99
- Start date
1
Whatspopping
Active member
I managed to get some Eth from a sign up deal on Reddit's Beer Money UK last year. It's now worth about £90.
thatstupidcat
Well-known member
Caveat Emptor:
Just for our fellow members who aren’t knowledgeable about crypto-currency (Doge/Bitcoin/Etherium etc), the Financial Conduct Authority in the UK recommends unseasoned investors stay away, especially if they don’t have the money to lose.
www.fca.org.uk
www.fca.org.uk
Additionally, mining currency can cost a great deal when it comes to your electricity bill.
Anyone bragging or offering advice on the purchasing and mining of crypto-currencies, especially on anonymous forums, should be taken with all the seriousness of someone pushing gambling / spreadbetting.
Just for our fellow members who aren’t knowledgeable about crypto-currency (Doge/Bitcoin/Etherium etc), the Financial Conduct Authority in the UK recommends unseasoned investors stay away, especially if they don’t have the money to lose.
FCA warns consumers of the risks of investments advertising high returns based on cryptoassets
The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money. If...
FCA bans the sale of crypto-derivatives to retail consumers
The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers.
Additionally, mining currency can cost a great deal when it comes to your electricity bill.
Bitcoin consumes 'more electricity than Argentina'
The rising value of Bitcoin leads to ever-higher energy consumption, researchers say.
www.bbc.co.uk
Anyone bragging or offering advice on the purchasing and mining of crypto-currencies, especially on anonymous forums, should be taken with all the seriousness of someone pushing gambling / spreadbetting.
Good advise! Absolutely not trying to offer advise or brag or anything, I just wanted to see if there was a community on here to chat with. Happy to request this thread be deleted if it’s not ok!Caveat Emptor:
Just for our fellow members who aren’t knowledgeable about crypto-currency (Doge/Bitcoin/Etherium etc), the Financial Conduct Authority in the UK recommends unseasoned investors stay away, especially if they don’t have the money to lose.
FCA warns consumers of the risks of investments advertising high returns based on cryptoassets
The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money. If...
FCA bans the sale of crypto-derivatives to retail consumers
The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers.
Additionally, mining currency can cost a great deal when it comes to your electricity bill.
Bitcoin consumes 'more electricity than Argentina'
The rising value of Bitcoin leads to ever-higher energy consumption, researchers say.www.bbc.co.uk
Anyone bragging or offering advice on the purchasing and mining of crypto-currencies, especially on anonymous forums, should be taken with all the seriousness of someone pushing gambling / spreadbetting.
thatstupidcat
Well-known member
That’s cool of you not to go on the attack - thanks for being chill. I personally have no problem people talking about it. I just wanted to get the health warning out because crypto currency is a form of extremely high risk investing and it’s a fact that’s easily lost in the jargon.
Charliemight
Well-known member
I just invested £30 today
You are dead right though, I’d imagine it is so easy to lose all your money on something like crypto and now I feel kinda worried posting anything here in case somebody reads it and thinks it’s a get rich quick thing and loses moneyThat’s cool of you not to go on the attack - thanks for being chill. I personally have no problem people talking about it. I just wanted to get the health warning out because crypto currency is a form of extremely high risk investing and it’s a fact that’s easily lost in the jargon.
I bought it as a joke years ago when it was worth something like 0.002 of a $
Nebbymoo
Well-known member
Iv invested in doge the other week. Not much just £50. But it's still a gamble I wouldnt be pleased about losing none the less. I put £15 onto another and £12 on a 3rd both of which was doing well also until today. Its something I'm just trying to ignore and not look at but its addictive watching the values move up and down. I doubt I'll be investing in anything else but we shall see 
Hopefully just leave these for a year or so and see what happens. Glad I found a thread on crypto though I'm interested to see how it pans out for us with doge.
Hopefully just leave these for a year or so and see what happens. Glad I found a thread on crypto though I'm interested to see how it pans out for us with doge.
How you doing this week? not put anything into it but been watching them on and off for a while. But now Tesla's only accepting doge.Iv invested in doge the other week. Not much just £50. But it's still a gamble I wouldnt be pleased about losing none the less. I put £15 onto another and £12 on a 3rd both of which was doing well also until today. Its something I'm just trying to ignore and not look at but its addictive watching the values move up and down. I doubt I'll be investing in anything else but we shall see
Hopefully just leave these for a year or so and see what happens. Glad I found a thread on crypto though I'm interested to see how it pans out for us with doge.
Now I want to.
I use Crypto.com and have no complaints. Just did my first transfer from my fiat wallet to my bank acc and it only took 2 days to see the funds
Wanna share how much you put in and how much it's worth today? Just totally curious. My bf put a grand into crypto lost most of it, but he's got slightly better now, he just said the people who make money are the people who can sit on it, which I get. Nice one btwI bought in years ago at something like 0.002 so I’m still up by some huge amount
22k nice one, yeah I appreciate what you're saying. Very well done. I understand you don't want to encourage silly behaviour... But it's also easier to be told figures. It's like you got bitcoin on early days. I think that's how you might compare. And look what happened there! It did amazing but now yeah dropping. I've been watching crypto from a distance for a couple years now. Too scared to touch it, but I'm also seeing this will kinda be the future with money so better people are more aware and understanding of it. I probably got it all wrongI’m too worried people here will think I’m telling people to investso you can guess from that!
I bought ETC the other day at 62€ and it seems to be climbing again too!
You smashed it though!!! Very well done, I keep getting scared to do anything with it. I'm still new to online banking in Spain.
cherryfcuk
Active member
I day trade crypto for a living, ADA & DOT will rise (these projects actually have a use case) also XRP after the 30th. Elon Musk tweeted about no longer using BTC as payment there was manipulation in the market to keep the price down.... . trade safe people and always remember to take profit, you don't want to look back and have never realise your gains, and watch out for meme coins! not financial advice dont risk what your not willing to loose.
It could end up going a lot higher, I need to find one early. I've heard about Eth and I know cardano has done well. But yeah I'm late. I'll start the research.I think Doge has the potential to reach 1$ so I’m going to hold out for that! I’ve reinvested some of it into ETH and some into CRO because I want the crypto.com credit card
Just about to watch money explained on Netflix, first episode is about the scams with crypto. The Mr was watching it earlier and yeah some of the scams are baaad.