Cryptocurrency

[Jog On]

I'm buying another property at the moment, and for money laundering purposes, my solicitor has sent me a questionnaire about the source of funds.

Interesting bit here:



They make it sound like crypto is dodgy or summink

I need a new brief...you ain't seen me right?

Does this mean they won't accept the proceeds from spread betting?

[AtW]

Does this mean they won't accept the proceeds from spread betting?

"Please provide copy of the receipt proving your winnings and a copy of your bank statement showing the payment in. Please note however that if you are taking out a mortgage lenders will not accept deposits from gambling winnings."

[AtW]

Cryptocurrency scams triple in a year – at GBP27m total cost to victims | Business | The Guardian

[VirtualMonkey]

Cryptocurrency scams triple in a year – at GBP27m total cost to victims | Business | The Guardian

"More than £27m was lost to frauds involving so-called crypto-assets AND FOREX INVESTMENTS"
tut tut...selective reporting ...do you work for the BBC by any chance?

[stonehenge]

Worst case, you lose 1% of your net worth.
Best case, who knows.

The case for a small allocation to Bitcoin — Kana and Katana

'If you decide to buy Bitcoin simply decide what is the amount of money you can afford to lose (ideally less than 1% of your net worth), deploy it at market and at once and forget about it for 7 to 10 years. I have been giving this advice for 6 years and, by watching what people do with this advice, I can tell you that “Forget about it for 7 to 10 years” is the most difficult part of the simple recipe I am proposing. This lack of discipline destroys a lot more value than you would anticipate. The price volatility rattles people and makes them trade.'

[Old Greg]

"More than £27m was lost to frauds involving so-called crypto-assets AND FOREX INVESTMENTS"
tut tut...selective reporting ...do you work for the BBC by any chance?

He must do, or for some other branch of the deep state propaganda network.

[DimPrawn]

Worst case, you lose 1% of your net worth.
Best case, who knows.

The case for a small allocation to Bitcoin — Kana and Katana

'If you decide to buy Bitcoin simply decide what is the amount of money you can afford to lose (ideally less than 1% of your net worth), deploy it at market and at once and forget about it for 7 to 10 years. I have been giving this advice for 6 years and, by watching what people do with this advice, I can tell you that “Forget about it for 7 to 10 years” is the most difficult part of the simple recipe I am proposing. This lack of discipline destroys a lot more value than you would anticipate. The price volatility rattles people and makes them trade.'

This is my approach, stuck £10K into Crypto, might stick in another 5K very soon. I have a 99% confidence it will be worth feck all, but 1% confidence it might make me a millionaire in 5-10 years time.

[scooterscot]

Wait until we have a pull back from the recent run before adding more. 30-40% at best of a pullback.

[AtW]

GlobalTulipCoin to rule ‘em all...

[scooterscot]

This project has me curious - someone want to do the due diligence?

I'm excited about this one as a I was when I first learnt about XRP. What Ripple is trying to do to SWIFT in Banking, Dent is doing to mobile data amongst telephone companies but on a global scale.

Ticks the first boxes. Does the idea need blockchain? Yes. Is it a global solution to a global problem? Yes.

DENT Exchange: World-Wide Mobile Data Marketplace

After a little research I decided to put a five figured sum on this one. What a call! 115% in 15 days!!