Forum | Football Index into Admin by ElderGrizzly

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Football Index into Admin 22:29 - Mar 11 with 3499 views

ElderGrizzly

Football Index into Admin on 15:32 - Mar 12 with 610 views

monytowbray

Football Index into Admin on 15:25 - Mar 12 by J2BLUE

I got into this when it launched and some of my extended family went in big time on it. Doing it for a living at one point. I didn't feel comfortable with it and it seemed to rely on people paying you more for fake shares tomorrow than you paid today. I always felt like there would eventually be a peak in the amount of money pumped in and eventually people would collectively realise they are essentially buying nothing.

A mate convinced me it was just like normal betting and the value was in the dividends so I got back in for a short time with five young players. I was still uncomfortable wit it though and lost interest quite quickly. Once I discovered Trading 212, real shares of real companies I completely lost interest.

A mate was in quite deep on shares of Raheem Sterling and there was a big spread between the buy and sell price. FI seemed to constantly be changing deals, offering risk free £500 trades and changing the structure. Similar warning signs to actual bookies who tend to start throwing very good offers out there to try and get cash on board.

Sounds like the stock exchange to a tee really.

When the world realises throwing around hypothetical money as a value is just a bandaid for disaster capitalism in the West we can make some progress on this curse. Until then I just spend my money on stuff I like/need.

	TWTD never forgets…
Poll:	How close will a TWTD election poll be next to June results?

Football Index into Admin on 18:34 - Mar 12 with 485 views

The_Romford_Blue

Football Index into Admin on 15:13 - Mar 12 by J2BLUE
Arguing with me? As in on the same side or against me? I've always said it was a ponzi scheme. I did have a brief period of going back in but I couldn't help feeling it was one of those that the music would eventually stop and whoever held the shares would be in trouble.

Sorry mate should have read ‘agreeing with you’ rather than arguing. Will edit it now

Poll:

Would you take a draw tonight if offered right now?

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