Are cryptocurrencies a good way of money investments?

I invested part of a legacy in Bitcoin but only as much as I was prepared to lose. Did quite well and bought the house I was renting when the owner wanted a quick sale. I still invest modestly in the markets but not in bitcoin nowadays. I am not a natural gambler.

The problem with all crypto currencies is they are unregulated which leaves them open to crooks who will take your money and laugh about it.

Expect no sympathy when you loose your shirt or blouse.

Mainstream financial exchanges are also bad there is a lot of insider dealing goes on, it’s illegal of course and offenders when caught get jailed but that’s no consolation to you, the money has gone.

My friend's very brilliant son worked in computers and got into Bitcoin at the beginning. Literally made a fortune and hasn't worked since.

Wheniwasyourage

Keep it up Georgesgran! You’re playing a blinder!

But is anyone there?

Knock knock ......

Freya5
You’ve got to know when to hold them
Know when to fold them
Know when to walk away
Know when to run. 🎼🎼🎼🎼

we mustn't use that 5 letter word. it is verboten. !

This is an old thread, resurrected by a Troll

Elegran

Like Dutch tulip mania? All very exciting until the inevitable crash. See graph of Gouda tulip bulb prices, Dec 1 1634 to Feb 5 1637

And like the South Sea Bubble? If it seems too good to be true, it probably is.

Oh so true. Unfortunately, for some, making a quick buck overrides commonsense.

Keep it up Georgesgran! You’re playing a blinder!

Reported - again!

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Reported.
He’s posted the same message on 3 forums, so far. All reported

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The logical answer must be that investing in bitcoins is no different than investing in anything else that might go up in value, or might go down - stocks and shares, modern art, potato futures, or stockpiling items that you think may be in short supply after Brexit and so could be worth buying in bulk to resell when others are desperate to buy. You could even regard learning to play poker really well as a means to boosting your future income - until you meet someone who plays even better.

Just remember - what goes up could come down.

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Cloud mining?
Cryptocurrencies?
Bit coins?
Have I lived too long,it is meaningless?

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Are cryptocurrencies a good way to make money?

No.

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that is double Dutch to me- I will stick with premium bonds which I understand.

Bloody Hell!