Why is there a thread about bit coin. Genuine question, been pressured to buy them from sons advice. Never bought in, left my money in cash ISA . Not greatest return but low risk.
When Bitcoin spikes, people talk about it. Which is exactly the wrong time to buy. It's a very, very risky investment. But with great risk, can come great rewards. Depends on your appetite for risk
Its an insecure, very environmentally-unfriendly and popular with criminals, Ponzi scheme. One day it'll crash, but by God do I wish I'd done some mining 15 years ago when I first heard of it...
OT- Savings | Page 2 | The Barnsley FC BBS Fans Forum Gold price at the time: $1,770. Current price $3,351 Bitcoin price at the time: $58,730. Current price $120,110 Inflation one year after my post in the UK spiked at around 11% You're welcome. I was right about lockdowns as well.
All our savings are in Premium Bonds. Our average win is about £50 a month. Slightly less exciting than Bitcoin I suppose....
My cryptocurrency story. I bought 1 bitcoin for $700 then sold it a week later for $693. [Credits roll]