Dogecoin etc
Re: Dogecoin etc
My Sympathy level reaches an all time low.
"Oh no, I lost money investing in a pretend thing that a celebrity mentioned"
30 seconds of research would have revealed exactly what it was - hopefully there were some lessons learnt...
"Oh no, I lost money investing in a pretend thing that a celebrity mentioned"
30 seconds of research would have revealed exactly what it was - hopefully there were some lessons learnt...
Re: Dogecoin etc
Exactly, so much fluff and crap.
Some people take all their research from Twitter. If you believed what you read on there then maybe it’s safer the money was lost in the first place.
Dave!
Some people take all their research from Twitter. If you believed what you read on there then maybe it’s safer the money was lost in the first place.
Dave!
Re: Dogecoin etc
It's worrying that the whole crypto thing is bringing in a load of people who really shouldn't be dabbling. My sister in law is lovely, but not the greatest with money. My brother was saying that she'd racked up £12k of credit card debt fairly recently that he didn't even know about, then at Christmas we were talking about crypto and she came out with something like "...and don't talk to me about Bitcoin...". I enquired if she meant the environmental impact part, but no - she's been buying it...
I think the world of her, but she should not be playing with investing in crypto when she clearly doesn't know what she's doing and has lots of recent debt. But I fear she's exactly the sort of people who are investing and keeping the whole charade going.
The message seems to be "buy Bitcoin, get rich" and I wonder how many young vulnerable people will be pouring in money they don't actually have...
I think the world of her, but she should not be playing with investing in crypto when she clearly doesn't know what she's doing and has lots of recent debt. But I fear she's exactly the sort of people who are investing and keeping the whole charade going.
The message seems to be "buy Bitcoin, get rich" and I wonder how many young vulnerable people will be pouring in money they don't actually have...
Re: Dogecoin etc
Is there a link? Invested by buying on her credit card then lost the money?
It definitely seems to appeal to the gambler types who rely on winning the lottery to solve their financial woes. And that's a big market.
Re: Dogecoin etc
Rule number one with any sort of investing. Don't invest what you can't afford to lose. What do 98% of people do...
How about not having a sig at all?
- Sundayjumper
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Re: Dogecoin etc
Saying "yeah I don't mind losing the money LOL" is very, very different to the experience of actually losing it. Remorse. Hindsight. Failing to learn from it.
I'm hoping there's going to be a backlash soon, as people realise crypto isn't about empowering individuals to take control, it's about allowing scammers & fraudsters to operate scot-free in a totally unregulated arena.
(sorry Gavster )
I'm hoping there's going to be a backlash soon, as people realise crypto isn't about empowering individuals to take control, it's about allowing scammers & fraudsters to operate scot-free in a totally unregulated arena.
(sorry Gavster )
Re: Dogecoin etc
100% this
It’s magic internet money until it arrives in your current account.
I think it’s a great way to make money if you want to invest in projects but you really have to do your own research and actually believe in what you are investing in.
Dave!
Re: Dogecoin etc
I doubt there will be a backlash, more likely regulation will gradually start occurring, after all, fraudsters have always existed in every finance space well before crypto ever existed.Sundayjumper wrote: ↑Thu Jan 13, 2022 1:14 pm Saying "yeah I don't mind losing the money LOL" is very, very different to the experience of actually losing it. Remorse. Hindsight. Failing to learn from it.
I'm hoping there's going to be a backlash soon, as people realise crypto isn't about empowering individuals to take control, it's about allowing scammers & fraudsters to operate scot-free in a totally unregulated arena.
(sorry Gavster )
Re: Dogecoin etc
Since this relates to the crypto investors I thought it was relevant to this thread:
Re: Dogecoin etc
The true crypto I get, decentralised bank etc etc..
The NFT thing is just mental, and don’t get me started don buying and selling land in the metaverse
The NFT thing is just mental, and don’t get me started don buying and selling land in the metaverse
Re: Dogecoin etc
Ah that old chestnut. Finish your real life work, put on your VR headset, then enter your virtual world where you go to work again earning crypto to then buy a virtual plot of land to build your virtual house and go through all the same shit again virtually.
How about not having a sig at all?
Re: Dogecoin etc
It's Second Life all over again, but for the characters of Nathan Barley.Mito Man wrote: ↑Tue Jan 18, 2022 5:33 pm Ah that old chestnut. Finish your real life work, put on your VR headset, then enter your virtual world where you go to work again earning crypto to then buy a virtual plot of land to build your virtual house and go through all the same shit again virtually.
Re: Dogecoin etc
I’m sure this will help create well balanced, well socialised people for the future.
Dave!
Dave!
Re: Dogecoin etc
I bet all the "$100k+ BTC by the end of 2021" commentators are quietly deleting some of their old videos from YouTube...
Re: Dogecoin etc
Blimey, RR shares took a dive, as did TM1 but Bacanora stayed firm.
Less said about the entire crypto market the better
Dave!
Less said about the entire crypto market the better
Dave!
Re: Dogecoin etc
Bitcoin might hit $10,000 pretty soon. The average transaction price paid for a Bitcoin by greatest volume is a mere $244 so depending on how you look at it there's either going to be plenty of long term holders or if you're into mean reversion theory then that could be a good base for it to eventually return to.
How about not having a sig at all?
Re: Dogecoin etc
How’s El HODLador doing these days?