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Do you think Bitcoin is worth investing in? Is it safe?

(29 Posts)
MaryTheBookeeper Tue 18-Aug-20 10:31:25

I have friends doing this & I'm worried for them. Have you invested in it? I barely even understand it. I've heard it's very hard to get your money back. Is that true?

volver Fri 27-May-22 11:36:04

I think the number of deleted posts on this thread should be an indication of the reliability of Bitcoin investing ?

Jaxjacky Fri 27-May-22 11:38:44

OP is August 2020.

ShropshireMiss Fri 27-May-22 11:47:22

If there was a tracker fund tracking a number of cryptocurrencies then I might dip a little toe in the water as a high risk punt for a small amount. However as cryptocurrencies have no intrinsic value their value is what people are prepared to pay, so there is no reason for them to be if any particular value, they could go from a million pounds a unit to one pence a unit in the course of a day and never regain. I can’t give advice but if it was me and I wanted to go into crypto in a small way as a bet, knowing I could easily lose everything I put in, then I would wait for a reputable company to issue a tracker fund. None have done so in the UK, but it might happen.