Anyone on here buy into this Ponzi scheme.
Robson Kanu was well into it and advised Kirren Gibbs to have part of his wages paid by *******s .
I did try ******* once but it made my eyes go all *****
...............!!????
Yeah I have some. I got in when one b i t coin was worth around $1500, so bought relatively early. Although I know some who bought at under $100 - and sold near its peak price! They've done very nicely out of it.
Its about as volatile as it gets. I bought and forgot about it for a couple of years, even now I only look maybe once or twice per month. I always said if they reached $100k I'd sell and put it towards the retirement fund, but who knows - I might get greedy or I might get nothing.
I have friends who ask me all the time if they should buy. My advice would be the same as any investment, buy low and sell high. But be prepared to lose cash, and don't be emotionally involved. People have gained and lost millions in Crypto, so if you have some spare cash and feel like a flutter then its no different to having a gamble at the bookies. Just make sure you can afford to lose whatever you invest.
Last edited by WBA123; 20-06-2022 at 08:20 AM.
Stay far far away! Far to easy to manipulate by ‘influencers’ like Musk, as for investments buy gold..
Gold and b i t coin are both similar in that they are both a store of value. You can't physically use either, if you can they are rare cases.
As investments though, Gold is low risk and low reward, whereas btc is high risk and high reward. As per every investment, you have to define yourself what level of risk you are willing to accept. As a disclaimer, I actually have both gold and btc.
Gold has a market cap of $11.5 trillion, whereas Btc is $400bn. If Btc ever gets close to the market cap of Gold then it would be more than 25x what it is worth now. That would make it worth about $500k per btc. Of course it could just as easily go to zero. Its easy to say stay away when it is dropping like a stone, or even to advise people to buy when it peaks. I would say don't listen to others, including me, do some proper research into it and make your own mind up.
Last edited by WBA123; 20-06-2022 at 09:22 AM.