And I realised I know f**k all about it (like most). All I have learned so far is

1) It is massively volatile and unregulated, so if you have a s**tload of spare cash you can risk and the time to do so, I think you could make (or lose!) a lot of money day trading. The fluctuations seem to be affected more by rumour and tweets than by any basis of fact or any trends or actual developments in the business world, or even the technology behind each of the coins. It also seems to me that the bump and dump is going on a lot and that's where the big investors are making their money (other than the few lucky ones who invested early).

2) It is most certainly not a "safe" investment for your savings.

3) World governments seem to be confused as to how to regulate, and this introduces a lot of uncertainty and lack of confidence at the moment. My guess is that as regulation is introduced, value will plummet at some point, then climb up again and become a bit more stable which will make the investments a bit safer yet at the same time far less likely to get you the fast money that some seem to expect.

4) Therefore, I don't really talk about it much as I realise I have no idea what I am talking about.

Posted By: Steve in Holland on February 28th 2018 at 12:06:00

Message Thread

Any Wrothers dabble in Crypto out of curiosity? (n/m) (General Chat) - Waz, Feb 28, 09:42:03
- I'm going to launch my own. (General Chat) - tudders, Feb 28, 11:03:41
- Ponzi scheme (n/m) (General Chat) - essexcanaryOTBC, Feb 28, 11:02:12
- There are a couple of faces who make noises about it, but I forget the usernames. (General Chat) - Arizona Bay, Feb 28, 10:15:02
  - I have dabbled but only small amounts so I think I am down around the cost of a pizza (n/m) (General Chat) - Steve in Holland, Feb 28, 11:57:41
    - And I realised I know fuck all about it (like most). All I have learned so far is (General Chat) - Steve in Holland, Feb 28, 12:06:00
      - This is a great balanced view and I wish I had read it before investing. (General Chat) - WalksietheReturn, Feb 28, 12:41:38
- I tend to dribble rather than dabble these days (n/m) (General Chat) - mr carra, Feb 28, 09:49:34
- Tales from? (n/m) (General Chat) - DrDublin, Feb 28, 09:43:47

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