A crypto currency tale.

[george formby]

This article had me flabbergasted. Billion dollar crypto currency scam.

It's a bit of a read but would make a great movie.

Early adopters beware.

The Crypto Queen. (https://www.bbc.com/news/stories-50435014)

Link to one coin. (https://www.onecoin.eu/en/)

Loads of meat in this for Te Conspiratorians.

[mashman]

Saw a thing a while ago about a crypto (can't remember the name) that had 1.3 billion USD in investment, but hadn't yet gone to market. Won't be the first, won't be the last. Caveat Emptor indeed... but hey, ya might get richer.

[scumdog]

There’s a sucker born every minute, too many want a get rich quick scheme that requires minimal effort.
I’ve got a unicorn breeding scheme that requires more capital that will net 180% return in six months.
Replies from sincere interested parties only please.

[oldrider]

There’s a sucker born every minute, too many want a get rich quick scheme that requires minimal effort.
I’ve got a unicorn breeding scheme that requires more capital that will net 180% return in six months.
Replies from sincere interested parties only please.

There seems to be no reply at that number? - :confused:

[pritch]

Zuckerberg has plans for a crypto currency, but he's not doing that to make money for you. Kim Dot Com was also trying to get one up and running. A few years back Bitcoin were ripped off for millions. I'd want to know a lot more about blockchain or whatever before I was even tempted.

[onearmedbandit]

A few years back Bitcoin were ripped off for millions. I'd want to know a lot more about blockchain or whatever before I was even tempted.

You mean an exchange got ripped off. Not BitCoin itself.

[JimO]

There’s a sucker born every minute, too many want a get rich quick scheme that requires minimal effort.
I’ve got a unicorn breeding scheme that requires more capital that will net 180% return in six months.
Replies from sincere interested parties only please.
as soon as my inheritance from my long lost Nigerian uncle comes in i will buy in!!

[Viking01]

Zuckerberg has plans for a crypto currency, but he's not doing that to make money for you. Kim Dot Com was also trying to get one up and running. A few years back Bitcoin were ripped off for millions. I'd want to know a lot more about blockchain or whatever before I was even tempted.

https://www.zerohedge.com/news/2019-02-27/mt-gox-five-years-later-what-have-we-learned

[pete376403]

"A fool and his money are easily parted".

[Katman]

"A fool and his money are easily parted".

Well there's no question that some people have made a fortune out of crypto currencies.

So maybe it's a case of knowing just when to get out of a particular crypto currency.

[oldrider]

"A fool and his money are easily parted".

True that! - The fools have never had any money since 1913 - it wasn't stolen either - they gave it away! - :spanking:

[Swoop]

Wasn't it SMOKEU that was expousing the glory of crypto currency?

I guess he's enjoing the luxury lifestyle of the Bahamas or Cayman Islands right now...

[caseye]

Wasn't it SMOKEU that was expousing the glory of crypto currency?

I guess he's enjoing the luxury lifestyle of the Bahamas or Cayman Islands right now...

Long as it's not here in NZ I couldn't care less!

[onearmedbandit]

Wasn't it SMOKEU that was expousing the glory of crypto currency?

I guess he's enjoing the luxury lifestyle of the Bahamas or Cayman Islands right now...

As an investment long term he was. And he's not wrong, as long as you bought in at the right time. A friend invested a bit, he's still well ahead. I put in some play money, just a few hundred. Still ahead as well. I'll never sell it, it's just fun to watch.

[george formby]

As an investment long term he was. And he's not wrong, as long as you bought in at the right time. A friend invested a bit, he's still well ahead. I put in some play money, just a few hundred. Still ahead as well. I'll never sell it, it's just fun to watch.

I'm guessing that is the only way to cash out at the moment, sell crypto for cash at a given exchange rate?

[Viking01]

https://www.coinbase.com/

[onearmedbandit]

I'm guessing that is the only way to cash out at the moment, sell crypto for cash at a given exchange rate?

Yes, there are a lot of exchanges online to sell your crypto. It's not advised to leave your crypto in an exchange as they are vulnerable to attacks (cyrptopia anyone?) but rather in a physical offline wallet.