Crypto Currencies

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Crypto Currencies

Postby Davycc » 17 Jan 2021, 17:04

Few years ago I put £500 into Litecoin they were about £1 per coin. My coin value rapidly rose to £900 odd but then dropped like a stone and I sold at 90p each. Now they are worth £105 each :twisted: :twisted:

I started back again about a month ago with Bitcoin, Etherium, Stellar Lumens and Chainlink.

Anyone else invest in Crypto?

Just for info, The second biggest supporter money wise for the Biden campaign was from a CEO of Crypto. Also Biden has placed Gary Gensler in charge of overseeing "Wall St" Gensler teaches Crypto in his day job.

Worth a thought.
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Re: Crypto Currencies

Postby LAsouthcoast » 17 Jan 2021, 17:37

At the end of October i was working on a job where i met an electrician in his early thirties and he started talking about Bitcoin and how he had done loads of research and that he was going to make a fortune from within the next 2 years, he had bought 1 Bitcoin for £8,000 which I think is now worth around £30,000, he reckoned there would be peaks and troughs but in 2 years he estimated his investment would worth £100,000, never been brave enough myself as i regard the money we have as my families money and i work to hard to lose those sums of money but i have been a bit gutted that i never had a go.
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Re: Crypto Currencies

Postby psquithy » 17 Jan 2021, 19:44

Some of my boys friends invested early on - when they were in their early 20s about 12 years ago - some of them have made a lot of money - but they were there early
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Re: Crypto Currencies

Postby Selby White » 18 Jan 2021, 09:12

No didn't bother getting on the crypto currency boat although maybe should have.

I've dabbled in the stock market in the past mainly when I got some redundancy money and it did ok.
Still have a couple of share based bonds but that is all now.

Nowadays however its more important to have our savings money available to use, not getting any younger so want to enjoy our hard earned while we still can.
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Re: Crypto Currencies

Postby yorkfan » 18 Jan 2021, 10:15

Having missed the boat early on, at the Bitcoin launch, I chucked a thousand quid in about five years ago.

So far, I've taken out two thousand, back into my current account, doubling my original stake, and today's remaining Bitcoin balance is the thick end of three thousand pounds.

So, it's not ever going to make me rich, but as a bit of lighthearted fun, it works for me.
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