| Crypto Currency - Game over or a good time to buy? 12:58 - Feb 2 with 5076 views | Currie10 |
I bought a tiny amount a month ago - more for a laugh, may aswell get in. £70 isn't going to change my life one way or other - and I will still try and buy a couple of small altcoins.
However, the past month has been interesting and today so far seems the mother of all negative days for this.
What are people thoughts? Any of you in on it? |  | | |  |
| Crypto Currency - Game over or a good time to buy? on 11:52 - Feb 3 with 4577 views | connorscontract |
The people on here who were in were pumping hard back in the Autumn.
The first time I think bitcoin may have been around 4,000.
I said that they were a classic bubble. I said they may well go up further, but they are a bubble.
I pointed out that they were heavily linked to organised crime and that there was no mechanism for tax reporting but that you would be liable to pay tax on gains.
For these reasons I predicted that legislation would happen.
I pointed out that there was no financial compensation if you were scammed.
I said "If you want to buy in then set a price to sell and stick to it and don't ever regret taking that and don't ever think you were clever- you weren't you were lucky."
I said that it's a gamble not an investment. I said it was a bubble and somebody would end up holding bitcoins worth a lot less than they paid for them. I said "Don't gamble what you can't afford to lose."
All of the above was true. Including the bits about "Some people will ignore what I say, invest today and make money", because the bubble was still inflating.
Several rules of thumb that we can all learn from:
1. If an investment vehicle begins in the "dark web" or any other lawless, unregulated virtual or physical space inhabited by criminals then it's fair to say that the crimials will make sure they win and don't care how much greedy suckers lose. Your greed is their moral, if not legal, "Get out of jail free" card.
2. If you don't know who the person offering an investment is, and if you don't know how much they are putting at risk personally, and if you don't know if you can trust them, then don't trust them.
3. Never, ever invest because of regret: "If I had invested £1000 x months ago I 'd be a millionaire now". That's no reason to invest. But it's probably the number one reason people invested in bitcoin.
4. Never invest so you can tell others that you got in and were a winner.
5. If you don't understand something, don't invest in it. Reading an article on a website about blockchain doesn't mean you understand it. Understanding an investment includes the character of those proposing, and their track record, tax implications, liquidity of the investment and above all risk. (In the case of bitcoin the risk could include prosecution for tax evasion. HMRC and others are very, very good at finding people and don't care if it takes them 10 years).
6. Every investment has legal, moral and ethical implications. Those who have pumped bitcoin have helped organissd criminals grow in power and wealth, and bought into a scheme used by paedophiles on the dark web and blackmailers who held the NHS to ransom. Investing in bitcoin was an immoral, anarchistic act. Which may be how you wan to live your life, but if it is you are telling that you don't give a sh1t if my Mum is dying on a trolley in a hospital corridor.
7. You haven't made any money from an investnent until you realise the investment. Either shares pay a dividend, or you sell the investment for more than you paid for it, or in the case of bitcoin you are able to buy a lot more child pornogaphy than 12 months ago...
8. Investments can go down as well as up.
9. Sometimes perfectly solid investments lose money.
10. Sometimes terrible investments make money.
11. Being lucky isn't the same as being clever. And it doesn't make you more likely to be lucky next time.
12. Governments always come looking into the unregulated and untaxed.
I'm not qualified to give legal or financial advice, but if you want to be a good member of a functioning society don't invest in anything that originated to facilitate illegal trade. |  | | |
| Crypto Currency - Game over or a good time to buy? on 11:59 - Feb 3 with 4553 views | J2BLUE |
I thought about buying a very small amount a while ago. I never did. Unless they bring out an official one with government backing I won't be touching it. Of course the moment they do bring one out with government backing it will lose the support of criminal gangs, North Korea and anti government types.
I don't believe the hype about Bitcoin. In the next few years I suspect some people will get badly burnt |  |
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| Crypto Currency - Game over or a good time to buy? on 12:26 - Feb 3 with 4520 views | The_Romford_Blue |
Literally the most pointless fad of the last few years
Basically buying nothing but hoping other people continue to spend real cash on pretend cash.
Utterly utterly ridiculous |  |
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| Crypto Currency - Game over or a good time to buy? on 12:31 - Feb 3 with 4500 views | J2BLUE |
| Crypto Currency - Game over or a good time to buy? on 12:26 - Feb 3 by The_Romford_Blue |
Literally the most pointless fad of the last few years
Basically buying nothing but hoping other people continue to spend real cash on pretend cash.
Utterly utterly ridiculous |
See also: football index. | |
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| Crypto Currency - Game over or a good time to buy? on 13:05 - Feb 3 with 4476 views | StokieBlue |
| Crypto Currency - Game over or a good time to buy? on 11:52 - Feb 3 by connorscontract |
The people on here who were in were pumping hard back in the Autumn.
The first time I think bitcoin may have been around 4,000.
I said that they were a classic bubble. I said they may well go up further, but they are a bubble.
I pointed out that they were heavily linked to organised crime and that there was no mechanism for tax reporting but that you would be liable to pay tax on gains.
For these reasons I predicted that legislation would happen.
I pointed out that there was no financial compensation if you were scammed.
I said "If you want to buy in then set a price to sell and stick to it and don't ever regret taking that and don't ever think you were clever- you weren't you were lucky."
I said that it's a gamble not an investment. I said it was a bubble and somebody would end up holding bitcoins worth a lot less than they paid for them. I said "Don't gamble what you can't afford to lose."
All of the above was true. Including the bits about "Some people will ignore what I say, invest today and make money", because the bubble was still inflating.
Several rules of thumb that we can all learn from:
1. If an investment vehicle begins in the "dark web" or any other lawless, unregulated virtual or physical space inhabited by criminals then it's fair to say that the crimials will make sure they win and don't care how much greedy suckers lose. Your greed is their moral, if not legal, "Get out of jail free" card.
2. If you don't know who the person offering an investment is, and if you don't know how much they are putting at risk personally, and if you don't know if you can trust them, then don't trust them.
3. Never, ever invest because of regret: "If I had invested £1000 x months ago I 'd be a millionaire now". That's no reason to invest. But it's probably the number one reason people invested in bitcoin.
4. Never invest so you can tell others that you got in and were a winner.
5. If you don't understand something, don't invest in it. Reading an article on a website about blockchain doesn't mean you understand it. Understanding an investment includes the character of those proposing, and their track record, tax implications, liquidity of the investment and above all risk. (In the case of bitcoin the risk could include prosecution for tax evasion. HMRC and others are very, very good at finding people and don't care if it takes them 10 years).
6. Every investment has legal, moral and ethical implications. Those who have pumped bitcoin have helped organissd criminals grow in power and wealth, and bought into a scheme used by paedophiles on the dark web and blackmailers who held the NHS to ransom. Investing in bitcoin was an immoral, anarchistic act. Which may be how you wan to live your life, but if it is you are telling that you don't give a sh1t if my Mum is dying on a trolley in a hospital corridor.
7. You haven't made any money from an investnent until you realise the investment. Either shares pay a dividend, or you sell the investment for more than you paid for it, or in the case of bitcoin you are able to buy a lot more child pornogaphy than 12 months ago...
8. Investments can go down as well as up.
9. Sometimes perfectly solid investments lose money.
10. Sometimes terrible investments make money.
11. Being lucky isn't the same as being clever. And it doesn't make you more likely to be lucky next time.
12. Governments always come looking into the unregulated and untaxed.
I'm not qualified to give legal or financial advice, but if you want to be a good member of a functioning society don't invest in anything that originated to facilitate illegal trade. |
Some very relevant points there, however your last paragraph is totally incorrect.
That is not how bitcoin came about and is totally wrong to label it in that way. It may have had those uses but you are labelling something after the event. It's like saying the car was invented for warfare because people stick guns on the back of trucks.
SB |  |
| Avatar - IC410 - Tadpoles Nebula |
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| Crypto Currency - Game over or a good time to buy? on 13:13 - Feb 3 with 4455 views | BanksterDebtSlave |
| Crypto Currency - Game over or a good time to buy? on 12:26 - Feb 3 by The_Romford_Blue |
Literally the most pointless fad of the last few years
Basically buying nothing but hoping other people continue to spend real cash on pretend cash.
Utterly utterly ridiculous |
When you look into it Rommy all money is pretty strange..... get a mortgage, the bank presses a button and money is created on their computer screen (they then multiply it a few times). Literally money for nothing until you do some work, make it real (cash) and pay it back to them ! |  |
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| Crypto Currency - Game over or a good time to buy? on 12:02 - Feb 4 with 4310 views | Deano69 |
Some things I have discovered about bitcoin etc
There’s only 21 million ‘coins’
Mining (the method of getting allocated coin or shares of) is getting harder and harder and requires high powered, high end an expensive computers (iro £4-5k each)
It has been calculated that there wont be enough electricity being produced worldwide to continue mining at the current growth rate within the next 5 years.
The blockchain mechanism this all sits on could be the biggest revolution in all this making the money in crypto currency seem insignificant in comparison.
It’s not quick to get your currency out and converted into cash. Can take a couple of weeks.
It would appear that even a fake news type of event e.g suggesting it’s about to crash due to a virus or something like that, could wipe billions off the values in minutes as herds panic and try to sell. Hugely volatile.
Hard to ignore it, the banks are terrified. NatWest won’t even let you open a business bank account if any of you business plan, investments or intentions have anything to do with crypto currency
It’s interesting to watch, personally your probably safer putting money into electricity companies and graphic card manufacturers. |  |
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| Crypto Currency - Game over or a good time to buy? on 12:05 - Feb 4 with 4293 views | J2BLUE |
| Crypto Currency - Game over or a good time to buy? on 12:02 - Feb 4 by Deano69 |
Some things I have discovered about bitcoin etc
There’s only 21 million ‘coins’
Mining (the method of getting allocated coin or shares of) is getting harder and harder and requires high powered, high end an expensive computers (iro £4-5k each)
It has been calculated that there wont be enough electricity being produced worldwide to continue mining at the current growth rate within the next 5 years.
The blockchain mechanism this all sits on could be the biggest revolution in all this making the money in crypto currency seem insignificant in comparison.
It’s not quick to get your currency out and converted into cash. Can take a couple of weeks.
It would appear that even a fake news type of event e.g suggesting it’s about to crash due to a virus or something like that, could wipe billions off the values in minutes as herds panic and try to sell. Hugely volatile.
Hard to ignore it, the banks are terrified. NatWest won’t even let you open a business bank account if any of you business plan, investments or intentions have anything to do with crypto currency
It’s interesting to watch, personally your probably safer putting money into electricity companies and graphic card manufacturers. |
According to a documentary I watched there isn't supposed to be 21,000,000 fully in 'circulation' until 2140 and each Bitcoin can be broken down into 100,000 pieces.
Apparently. | |
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| Crypto Currency - Game over or a good time to buy? on 12:07 - Feb 4 with 4294 views | chicoazul |
| Crypto Currency - Game over or a good time to buy? on 13:05 - Feb 3 by StokieBlue |
Some very relevant points there, however your last paragraph is totally incorrect.
That is not how bitcoin came about and is totally wrong to label it in that way. It may have had those uses but you are labelling something after the event. It's like saying the car was invented for warfare because people stick guns on the back of trucks.
SB |
Just a coincidence that people used bitcoin to pay for organ harvesting and prostitutes. |  |
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| Crypto Currency - Game over or a good time to buy? on 12:29 - Feb 4 with 4273 views | lloydy84 |
| Crypto Currency - Game over or a good time to buy? on 12:07 - Feb 4 by chicoazul |
Just a coincidence that people used bitcoin to pay for organ harvesting and prostitutes. |
And no one has ever paid for either of those with the good old British pound. | | | |
| Crypto Currency - Game over or a good time to buy? on 14:29 - Feb 4 with 4220 views | Currie10 |
| Crypto Currency - Game over or a good time to buy? on 11:52 - Feb 3 by connorscontract |
The people on here who were in were pumping hard back in the Autumn.
The first time I think bitcoin may have been around 4,000.
I said that they were a classic bubble. I said they may well go up further, but they are a bubble.
I pointed out that they were heavily linked to organised crime and that there was no mechanism for tax reporting but that you would be liable to pay tax on gains.
For these reasons I predicted that legislation would happen.
I pointed out that there was no financial compensation if you were scammed.
I said "If you want to buy in then set a price to sell and stick to it and don't ever regret taking that and don't ever think you were clever- you weren't you were lucky."
I said that it's a gamble not an investment. I said it was a bubble and somebody would end up holding bitcoins worth a lot less than they paid for them. I said "Don't gamble what you can't afford to lose."
All of the above was true. Including the bits about "Some people will ignore what I say, invest today and make money", because the bubble was still inflating.
Several rules of thumb that we can all learn from:
1. If an investment vehicle begins in the "dark web" or any other lawless, unregulated virtual or physical space inhabited by criminals then it's fair to say that the crimials will make sure they win and don't care how much greedy suckers lose. Your greed is their moral, if not legal, "Get out of jail free" card.
2. If you don't know who the person offering an investment is, and if you don't know how much they are putting at risk personally, and if you don't know if you can trust them, then don't trust them.
3. Never, ever invest because of regret: "If I had invested £1000 x months ago I 'd be a millionaire now". That's no reason to invest. But it's probably the number one reason people invested in bitcoin.
4. Never invest so you can tell others that you got in and were a winner.
5. If you don't understand something, don't invest in it. Reading an article on a website about blockchain doesn't mean you understand it. Understanding an investment includes the character of those proposing, and their track record, tax implications, liquidity of the investment and above all risk. (In the case of bitcoin the risk could include prosecution for tax evasion. HMRC and others are very, very good at finding people and don't care if it takes them 10 years).
6. Every investment has legal, moral and ethical implications. Those who have pumped bitcoin have helped organissd criminals grow in power and wealth, and bought into a scheme used by paedophiles on the dark web and blackmailers who held the NHS to ransom. Investing in bitcoin was an immoral, anarchistic act. Which may be how you wan to live your life, but if it is you are telling that you don't give a sh1t if my Mum is dying on a trolley in a hospital corridor.
7. You haven't made any money from an investnent until you realise the investment. Either shares pay a dividend, or you sell the investment for more than you paid for it, or in the case of bitcoin you are able to buy a lot more child pornogaphy than 12 months ago...
8. Investments can go down as well as up.
9. Sometimes perfectly solid investments lose money.
10. Sometimes terrible investments make money.
11. Being lucky isn't the same as being clever. And it doesn't make you more likely to be lucky next time.
12. Governments always come looking into the unregulated and untaxed.
I'm not qualified to give legal or financial advice, but if you want to be a good member of a functioning society don't invest in anything that originated to facilitate illegal trade. |
Sod it gone for a couple of Altcoins.
#thistimenextyearrodney. | | | |
| Crypto Currency - Game over or a good time to buy? on 14:33 - Feb 4 with 4214 views | flimflam |
Everyone shouting bubble are the ones who missed the boat but it is not just about bitcoin but the platform it sits on.
People blindly trust a fiat based currency which is printed out of thin air and backed by nothing and obviously do not understand or comprehend the magnitude of where this technology will take us in the future. [Post edited 4 Feb 2018 14:56]
|  |
| All men and women are created, by the, you know the, you know the thing. |
| |
| Crypto Currency - Game over or a good time to buy? on 14:35 - Feb 4 with 4202 views | flimflam |
| Crypto Currency - Game over or a good time to buy? on 11:52 - Feb 3 by connorscontract |
The people on here who were in were pumping hard back in the Autumn.
The first time I think bitcoin may have been around 4,000.
I said that they were a classic bubble. I said they may well go up further, but they are a bubble.
I pointed out that they were heavily linked to organised crime and that there was no mechanism for tax reporting but that you would be liable to pay tax on gains.
For these reasons I predicted that legislation would happen.
I pointed out that there was no financial compensation if you were scammed.
I said "If you want to buy in then set a price to sell and stick to it and don't ever regret taking that and don't ever think you were clever- you weren't you were lucky."
I said that it's a gamble not an investment. I said it was a bubble and somebody would end up holding bitcoins worth a lot less than they paid for them. I said "Don't gamble what you can't afford to lose."
All of the above was true. Including the bits about "Some people will ignore what I say, invest today and make money", because the bubble was still inflating.
Several rules of thumb that we can all learn from:
1. If an investment vehicle begins in the "dark web" or any other lawless, unregulated virtual or physical space inhabited by criminals then it's fair to say that the crimials will make sure they win and don't care how much greedy suckers lose. Your greed is their moral, if not legal, "Get out of jail free" card.
2. If you don't know who the person offering an investment is, and if you don't know how much they are putting at risk personally, and if you don't know if you can trust them, then don't trust them.
3. Never, ever invest because of regret: "If I had invested £1000 x months ago I 'd be a millionaire now". That's no reason to invest. But it's probably the number one reason people invested in bitcoin.
4. Never invest so you can tell others that you got in and were a winner.
5. If you don't understand something, don't invest in it. Reading an article on a website about blockchain doesn't mean you understand it. Understanding an investment includes the character of those proposing, and their track record, tax implications, liquidity of the investment and above all risk. (In the case of bitcoin the risk could include prosecution for tax evasion. HMRC and others are very, very good at finding people and don't care if it takes them 10 years).
6. Every investment has legal, moral and ethical implications. Those who have pumped bitcoin have helped organissd criminals grow in power and wealth, and bought into a scheme used by paedophiles on the dark web and blackmailers who held the NHS to ransom. Investing in bitcoin was an immoral, anarchistic act. Which may be how you wan to live your life, but if it is you are telling that you don't give a sh1t if my Mum is dying on a trolley in a hospital corridor.
7. You haven't made any money from an investnent until you realise the investment. Either shares pay a dividend, or you sell the investment for more than you paid for it, or in the case of bitcoin you are able to buy a lot more child pornogaphy than 12 months ago...
8. Investments can go down as well as up.
9. Sometimes perfectly solid investments lose money.
10. Sometimes terrible investments make money.
11. Being lucky isn't the same as being clever. And it doesn't make you more likely to be lucky next time.
12. Governments always come looking into the unregulated and untaxed.
I'm not qualified to give legal or financial advice, but if you want to be a good member of a functioning society don't invest in anything that originated to facilitate illegal trade. |
What a load of bollox | |
| All men and women are created, by the, you know the, you know the thing. |
| |
| Good post on 14:52 - Feb 4 with 4174 views | Dyland |
| Crypto Currency - Game over or a good time to buy? on 12:02 - Feb 4 by Deano69 |
Some things I have discovered about bitcoin etc
There’s only 21 million ‘coins’
Mining (the method of getting allocated coin or shares of) is getting harder and harder and requires high powered, high end an expensive computers (iro £4-5k each)
It has been calculated that there wont be enough electricity being produced worldwide to continue mining at the current growth rate within the next 5 years.
The blockchain mechanism this all sits on could be the biggest revolution in all this making the money in crypto currency seem insignificant in comparison.
It’s not quick to get your currency out and converted into cash. Can take a couple of weeks.
It would appear that even a fake news type of event e.g suggesting it’s about to crash due to a virus or something like that, could wipe billions off the values in minutes as herds panic and try to sell. Hugely volatile.
Hard to ignore it, the banks are terrified. NatWest won’t even let you open a business bank account if any of you business plan, investments or intentions have anything to do with crypto currency
It’s interesting to watch, personally your probably safer putting money into electricity companies and graphic card manufacturers. |
Agree with you that the blockchain tech is where the opportunities for investment and business use is, rather than the bitcoins themselves. |  |
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| Crypto Currency - Game over or a good time to buy? on 15:34 - Feb 4 with 4138 views | connorscontract |
| Crypto Currency - Game over or a good time to buy? on 13:05 - Feb 3 by StokieBlue |
Some very relevant points there, however your last paragraph is totally incorrect.
That is not how bitcoin came about and is totally wrong to label it in that way. It may have had those uses but you are labelling something after the event. It's like saying the car was invented for warfare because people stick guns on the back of trucks.
SB |
With respect, it's a bit more like saying a new invention of a car that has no Licence Plate was invented for illegality because people are using that feature to avoid paying road tax and speeding fines.
Bitcoin, even at its conceptual level, is about distributed verification and no centralised control. Philosophically it is an anarchic response to Global Capitalism.
Your analogy doesn't stack up, because the answer to the question "Who would want to use a much more unwieldy, slower, volatile, payment system with no fraud protection which provides no evidence trail for tax or legal authorities to track?" is "People who value the lack of evidence trail so highly that they are prepared to put up with the other, major disadvantages." Some of those may be people opting for that approach for philosophical reasons, but the very clear application is for people who are doing things that they don't want the authorities to know about.
The primary application of the motor car isn't to circumvent identification or legal obligations. | | | |
| Crypto Currency - Game over or a good time to buy? on 16:04 - Feb 4 with 4111 views | connorscontract |
| Crypto Currency - Game over or a good time to buy? on 14:35 - Feb 4 by flimflam |
What a load of bollox |
I mean, you're clearly winning this argument, but if you did want to specify which bit is bollox, and maybe say why I might learn something from you. | | | |
| Crypto Currency - Game over or a good time to buy? on 16:15 - Feb 4 with 4088 views | gtsb1966 |
| Crypto Currency - Game over or a good time to buy? on 16:04 - Feb 4 by connorscontract |
I mean, you're clearly winning this argument, but if you did want to specify which bit is bollox, and maybe say why I might learn something from you. |
I can honestly say I haven't got a clue what you lot are on about. Am I the only one. |  | | |
| Crypto Currency - Game over or a good time to buy? on 17:10 - Feb 4 with 4023 views | Deano69 |
| Crypto Currency - Game over or a good time to buy? on 12:05 - Feb 4 by J2BLUE |
According to a documentary I watched there isn't supposed to be 21,000,000 fully in 'circulation' until 2140 and each Bitcoin can be broken down into 100,000 pieces.
Apparently. |
That’s how long they have calculated it will take to mine them all. Mind boggling. In the early days you could mine one a minute now it takes over a month to get one (if you are lucky and have enough computing power) | |
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| Crypto Currency - Game over or a good time to buy? on 17:15 - Feb 4 with 4019 views | gtsb1966 |
| Crypto Currency - Game over or a good time to buy? on 17:10 - Feb 4 by Deano69 |
That’s how long they have calculated it will take to mine them all. Mind boggling. In the early days you could mine one a minute now it takes over a month to get one (if you are lucky and have enough computing power) |
 | | | |
| Crypto Currency - Game over or a good time to buy? on 17:19 - Feb 4 with 4004 views | Deano69 |
| Crypto Currency - Game over or a good time to buy? on 17:15 - Feb 4 by gtsb1966 |
|
I know, it all sounds like utter bollox, but it’s all quite real.
How Bitcoin Mining Works
Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.
With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. | |
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| Crypto Currency - Game over or a good time to buy? on 17:24 - Feb 4 with 3993 views | gtsb1966 |
| Crypto Currency - Game over or a good time to buy? on 17:19 - Feb 4 by Deano69 |
I know, it all sounds like utter bollox, but it’s all quite real.
How Bitcoin Mining Works
Where do bitcoins come from? With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.
With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. |
I don't think I'll ever understand it even when it has been explained to me. If you buy them with real cash where do you spend them, if you spend them. I'm totally baffled. | | | |
| Crypto Currency - Game over or a good time to buy? on 17:31 - Feb 4 with 3987 views | Deano69 |
| Crypto Currency - Game over or a good time to buy? on 17:24 - Feb 4 by gtsb1966 |
I don't think I'll ever understand it even when it has been explained to me. If you buy them with real cash where do you spend them, if you spend them. I'm totally baffled. |
I certainly don’t claim to be an expert, in truth it still all sounds like a big wind up if you read the details of it all. In much the same way, if you invested in olive oil or gold on the markets you don’t actually get a delivery of them to your door.
Crypto is similar in that it only exists as entitlement. This adds another complexity, no bank or financial institutions are needed so all the records and details are recorded in the (fantastic) system it operates on, but it does mean if you lose the encryption key generated you lose your currency. | |
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| Crypto Currency - Game over or a good time to buy? on 17:35 - Feb 4 with 3983 views | Keaneish |
A fair amount of scepticism as you'd expect from a wider audience. Bitcoin might be tumbling but others are holding firm. Invest and stay long. I bought a bunch a year or so ago and i'm up significantly. The only thing i'd advise is research the broker rigourously. |  |
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| Crypto Currency - Game over or a good time to buy? on 17:39 - Feb 4 with 3971 views | gtsb1966 |
| Crypto Currency - Game over or a good time to buy? on 17:31 - Feb 4 by Deano69 |
I certainly don’t claim to be an expert, in truth it still all sounds like a big wind up if you read the details of it all. In much the same way, if you invested in olive oil or gold on the markets you don’t actually get a delivery of them to your door.
Crypto is similar in that it only exists as entitlement. This adds another complexity, no bank or financial institutions are needed so all the records and details are recorded in the (fantastic) system it operates on, but it does mean if you lose the encryption key generated you lose your currency. |
Errrr OK. Good luck, I'll stick to my premium bonds  | | | |
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