New Topic

BITCOIN, secrets??

  • 16 June at 11:22 - by TraceyW - 3578 views


Should I invest in Bitcoin in 2018?? I guess that you have heard of it… the cryptocurrency that every-fuckin-body is talking about…and I do not quite fully understand the concept or if it’s a good investment

9 Answers

Ok let’s see, mmm, NO!! I just cannot believe that I keep finding this question everywhere. You definitely should not invest in Bitcoin. You might be asking yourself ..why??... the answer is simple: it’s not an investment; just as gold, stamps, and  baseball cards are also not investments. These are all things that people have bought in the past, driving them to crazy prices, not because they did anything useful or produced money or even had social value, but only because people thought they could sell them on to someone else for more money in the future. When you make this kind of purchase – which you should never do (you are speculating, darling). This is not a useful activity. You’re playing a psychological battle against other humans with money as the one and only objective. Even if you win money through simple dumb luck, you have lost time, energy, hope, which means you have lost…for good!

16 June at 13:44 - by benjamin-wood

I would like to add about the future…I mean, no one even knows what will happen in the future with this crypto currency, No one knows what will become of bitcoin. I some countries they are concern about taxation and the lack of control over it. My money definitely does not like the anonymity. I think it is just a rush, made for dumb people who think they are real traders.

17 June at 08:11 - by Irene_M

Oh gosh, I have just fell asleep reading your answer mate, yes it is risky, yes it is a bit dodgy, but the returns are out of this world!!  

17 June at 12:00 - by KRucker

Now what you really need to have to show your ID when you buy it…a great way to let the tax man what you are doing…I have been involved with bitcoin since 2014… please listen to my advice…your money will be elsewhere not back into your pockets…and you would be investigated

17 June at 19:27 - by reid-corey

Haha, that is what EVERYBODY is asking “How to profit from Bitcoin” Depends. How much profit do you want? 1% 10% 100% 1,000% or more. And how about the risk? Losing 5% 50% 80%. Profiting from Bitcoin is very easy and very hard at the same time. All you need to do is to put your money in when the price is low and the trend of bitcoin is up and…BOOM…like magic $4,000 you put will turn into $9,000 in 1 week. Do that again and you will be millionaire. That sounds reallyyyy good and tempting… and you might think..I have come to the right place!!!” Here comes the hard part. Buy low- sell high really is the key to profit in bitcoin but to TIME THAT, to make sure that happened 100% of the time or even 85% of the time is almost impossible (unless you’re a genius or a god or extremely lucky).

22 June at 11:15 - by grahamh

Ookkkeyyy, got it. No bitcoin for me this year then… :)

22 June at 11:36 - by  TraceyW

OMG @Benjamin-Wood you are my hero I have just come accorss this thread and started reading as I am interesting in the whole Bitcoin business mainly because I don't understand it then I read your comment and it all became a lttle clearer I love it yes

19 August at 14:00 - by alan.b

Wow thank you, darling, you flatter one too much!  Just on my little soapbox about how I think this "Bitcoin" and "Cryptocurrency" virus, or plague, if you will, is the current scurge of society…well, that and Love Island…cheeky

19 August at 22:55 - by benjamin-wood


20 August at 08:42 - by alan.b
Answer the question

Recent articles

Investments Overseas

Do you want to invest overseas? Investing overseas can provide investment opportunities not available in the U.K. However, if you want to discover if international investments are right for you, have a look at our guide and learn everything you should know about their risks and benefits. 

Effects of Brexit on Investment

How has Brexit impacted investors? Is it the right time to invest? Trying to predict which sectors will gain or lose is pointless. However, you can surely read this article and discover the consequences of Brexit on economy and investment.

Investing in Gold Bullion

Many people are thinking about gold bullion as an investment. However, learning how bullion investments works can be the difference between failure or success. Therefore, make sure you understand everything we explain in this article before making your investment.