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Cryptocurrency

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    Originally posted by DealorNoDeal View Post

    You might be ok because even Scooter's predictions aren't 100% guaranteed to be wrong every time. Every once in a while there'll be an exception which proves the rule.
    This is true - it even has a name - The Centrica Principle.

    Comment


      ‘Time to buy’ bitcoin adverts banned in UK for being irresponsible

      Campaign failed to say investment was complex, volatile and could expose investors to losses, says ASA”

      https://www.theguardian.com/media/20...-banned-uk-asa

      Comment


        Originally posted by AtW View Post
        ‘Time to buy’ bitcoin adverts banned in UK for being irresponsible

        Campaign failed to say investment was complex, volatile and could expose investors to losses, says ASA”

        https://www.theguardian.com/media/20...-banned-uk-asa
        So good that the authorities banned it!
        First Law of Contracting: Only the strong survive

        Comment


          I don't know why they're just singling out Bitcoin and crypto.

          There's a whole host of complex, volatile financial instruments out there that you can lose money on. IMO, the ads for stock brokers, pushing US tech stocks, are just as irresponsible.

          And BTW, if anything needs banning, it's gambling ads, where punters are more or less guaranteed to lose.
          Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

          Comment


            Originally posted by DealorNoDeal View Post
            And BTW, if anything needs banning, it's gambling ads, where punters are more or less guaranteed to lose.
            No, those are ok because they all have in small print: gambleresponsibly.mug.uk

            ‘Time to buy’ - clear call to action, financial advice - how was that allowed in the first place? One would have thought any ads that relate to investments should get reviewed and approved by relevant regulator.

            Comment


              Originally posted by DealorNoDeal View Post
              I don't know why they're just singling out Bitcoin and crypto.

              There's a whole host of complex, volatile financial instruments out there that you can lose money on. IMO, the ads for stock brokers, pushing US tech stocks, are just as irresponsible.

              And BTW, if anything needs banning, it's gambling ads, where punters are more or less guaranteed to lose.
              https://www.bbc.co.uk/bbcthree/artic...c-6536ec31d46c
              First Law of Contracting: Only the strong survive

              Comment


                https://www.efinancialcareers.com/ne...o-billionaires
                First Law of Contracting: Only the strong survive

                Comment


                  Originally posted by AtW View Post
                  ‘Time to buy’ - clear call to action, financial advice - how was that allowed in the first place? One would have thought any ads that relate to investments should get reviewed and approved by relevant regulator.
                  Except crypto isn't regulated, which is presumably why it was the Advertising Standards Authority (not the FSA) which intervened.
                  Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

                  Comment


                    Originally posted by DealorNoDeal View Post
                    Except crypto isn't regulated, which is presumably why it was the Advertising Standards Authority (not the FSA) which intervened.
                    They should (both) have intervened to prevent ad from being published in the first place - the damage had already been done.

                    Comment


                      https://www.theguardian.com/technolo...rive-shortages

                      So tulipcoin is now going to drive up hard drive prices? Starting to think there's some kind of collusion between component manufacturers and "inventors" of new "currencies"

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