My friend works for one of the exchanges

The lack of regulation scares *him* and he works there in a senior position.

The first rule of crypto is to be prepared to lose it all very quickly.

But if you have an appetite for risk and you time it right, you may be one of the lucky ones.

At present tho, it is basically a pyramid scheme. People want you to invest so their investment grows and they will often be the ones that know when to get out (and get back in when it drops).

He has a few bitcoins and says he will leave 1 sunk until that magical day when it is worth half a million quid, if that ever happens. The others he has benchmarks that he has decided to cash in on the way up, if it gets there.

I'm not sure I'd jump in at 30k but of course if it is 230k in 12months 30k looks a great investment.

I am largely risk averse so I know it's not for me but good luck if it is your thing.

Posted By: Jester, Jan 13, 20:27:51