A crypto currency tale.

**george formby** · 29th November 2019, 10:22

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.

Link to one coin.

Loads of meat in this for Te Conspiratorians.

**mashman** · 29th November 2019, 11:47

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** · 29th November 2019, 11:52

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** · 29th November 2019, 12:03

Originally Posted by 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.

There seems to be no reply at that number? -

**pritch** · 29th November 2019, 14:12

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** · 29th November 2019, 15:15

Originally Posted by pritch

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** · 29th November 2019, 15:21

Originally Posted by 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.

as soon as my inheritance from my long lost Nigerian uncle comes in i will buy in!!

**Viking01** · 29th November 2019, 15:37

Originally Posted by 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.

https://www.zerohedge.com/news/2019-...ave-we-learned

**pete376403** · 29th November 2019, 18:40

"A fool and his money are easily parted".

**Katman** · 29th November 2019, 19:25

Originally Posted by pete376403

"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** · 29th November 2019, 20:32

Originally Posted by pete376403

"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! -

**Swoop** · 30th November 2019, 20:19

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** · 30th November 2019, 21:00

Originally Posted by 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...

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

**onearmedbandit** · 30th November 2019, 23:29

Originally Posted by 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...

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** · 1st December 2019, 13:06

Originally Posted by onearmedbandit

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?