Dogecoin etc

[V8Granite]

A friend of a friend lost 3 fingers on a yacht as a deckHAND (snigger) due to equipment failure.

With his payout he bought Crypto.

He has his and her 911s and a lovely house. He now just buys and sells on dips and rises. And earns an incredibly good salary from that alone, high hundreds of thousands. Etherium and a few others that I forgot.

Dave!

[Jobbo]

He has his and her 911s and a lovely house. He now just buys and sells on dips and rises. And earns an incredibly good salary from that alone, high hundreds of thousands. Etherium and a few others that I forgot.

I can probably find a few people who make a living from horse racing too - but whatever it is, it's not a salary

[drcarlos]

I was chatting to a friend at the weekend who has invested in something called Hyperfund which looks to trade these low value coins.

He's already got back his original investment having pulled it out via a crypto exchange but what would concern me is that he has introduced others (some investing quite heavily) to the scheme, thereby earning him better rewards.

When I looked, it seemed like nothing more than a ponzi scheme and although he is earning I guess he could be in for a shock when it inevitably implodes.

I told another friend who he'd recruited that he should pull out his original investment ASAP and not recruit anyone into the scheme, anymore advice or am I on the wrong track?

I think it had a warning posted from the FCA in March.

Posted way back in 2021. Well it collapaed in 2022 and charges are now filed: https://www.cnbc.com/2024/01/29/doj-and ... cheme.html

The guy who invited me didn't lose anything but the ones he invited lost the lot. Thankfully after my advice I don't think they put in any more than the minimum but still this was a friend who works had and his kids put in savings thinking it would generate a good return over several years.

[Mito Man]

That's where the term gold standard comes from.

Yes, I wasn’t aware that America was in it for as long as 1971 as the UK left it far earlier - just one of those things I thought ended with the depression. However I presume that international gold prices still remained at the level that America set.
Just looked online and found this chart of London gold prices converted to $ so yeah, prices roughly in line with America
https://nma.org/wp-content/uploads/201 ... 3_pres.pdf

[V8Granite]

He has his and her 911s and a lovely house. He now just buys and sells on dips and rises. And earns an incredibly good salary from that alone, high hundreds of thousands. Etherium and a few others that I forgot.

I can probably find a few people who make a living from horse racing too - but whatever it is, it's not a salary

I’m doing silly hours and earning much less, he was doing it before I worked for this lot so at least 11 years now.

Dave!

[ZedLeg]

If it was easy and/or reliable everyone would be doing it.

There are more stories like DrCarloses than Dave!'s.

[Beany]

I mean, that's generally how ponzi schemes work.

[Sundayjumper]

People also win the lottery.

[V8Granite]

If it was easy and/or reliable everyone would be doing it.

There are more stories like DrCarloses than Dave!'s.

I think if some people are very methodical, have specific rules they go by and keep a war chest then I can see how they do it. I also bet it takes a lot more work than it looks to “guess” the market.

If people can make it work, have at it.

Dave!

[Gavster]

I was chatting to a friend at the weekend who has invested in something called Hyperfund which looks to trade these low value coins.

He's already got back his original investment having pulled it out via a crypto exchange but what would concern me is that he has introduced others (some investing quite heavily) to the scheme, thereby earning him better rewards.

When I looked, it seemed like nothing more than a ponzi scheme and although he is earning I guess he could be in for a shock when it inevitably implodes.

I told another friend who he'd recruited that he should pull out his original investment ASAP and not recruit anyone into the scheme, anymore advice or am I on the wrong track?

I think it had a warning posted from the FCA in March.

Posted way back in 2021. Well it collapaed in 2022 and charges are now filed: https://www.cnbc.com/2024/01/29/doj-and ... cheme.html

The guy who invited me didn't lose anything but the ones he invited lost the lot. Thankfully after my advice I don't think they put in any more than the minimum but still this was a friend who works had and his kids put in savings thinking it would generate a good return over several years.

I also posted about this at the time as well, good to see that charges have been filed. A distant friend invited me and told me it was totally kosher. She was spamming her IG stories about it, then went on to deliver those awful webinars about how it's a lifechanging scheme. Obvs I smelled it was a ponzi and complete nonsense. She swore blind it was totally fine.

I think you got about 30% of the initial investment from anyone who you sold it to, and your investment was locked in for 18 months. Totally beyond me how anyone can say that with a straight face.

[Broccers]

If it was easy and/or reliable everyone would be doing it.

There are more stories like DrCarloses than Dave!'s.

I think if some people are very methodical, have specific rules they go by and keep a war chest then I can see how they do it. I also bet it takes a lot more work than it looks to “guess” the market.

If people can make it work, have at it.

Dave!

ETH up 25 percent in 5 days

[Sundayjumper]

_5a99cc04-8e77-4aed-941a-3a02eac552be.jpeg (205.11 KiB) Viewed 142 times

[Jobbo]

ETH up 25 percent in 5 days

Could you have told us beforehand?

[Sundayjumper]

ETH up 25 percent in 5 days

Could you have told us beforehand?

He's been telling us for years ! It's the stopped clock approach.

[Jobbo]

ETH up 25 percent in 5 days

Could you have told us beforehand?

He's been telling us for years ! It's the stopped clock approach.

Yes, but always after the rise. And that's obviously not the time to buy. Broccers is clearly doing amazingly well out of crypto but he only tells us after the event; why not share?

[Sundayjumper]

…why not share?

We all know the answer to that

I’m not going to engage with him.

[Broccers]

…why not share?

We all know the answer to that

I’m not going to engage with him.

[Broccers]

Buy ETH at 1000 I said. N0bb3r5

[ZedLeg]

[Broccers]

What I find really amusing are people looking at a crypto thread with no interest in it other than watching a missed opportunity. Weird.