Crypto currency….. have any of you invested yet?

I think it’s a big con!

No, I only ever invest in "safe" investments and Crypto currency looks like an accident waiting to happen. My son thought about because he has a friend whose father works in investments so would help him buy and sell it but recent events with the Bitcoin have made him think again.

I did buy some bits years ago on the advice of my step daughter. I made a tidy some of money and then got out.
It’s too volatile now.

No I wouldn’t risk my hard earned savings. I’ve chosen to move my savings to another bank with higher interest and other incentives and the FSA guarantee

I have friends whose children have bought bitcoins and similar. All the people I know who’ve bought it are people who can least afford to lose it. I think it’s a concept based on greed and recklessness like gambling.

If an index linked tracker fund was available then I would put a small amount in as a high risk punt.

Certainly not.

No, and never will

yes on the advice of a smart son and he does all the 'work' for us, doubled our initial investment , I trust his judgement and we only put in what we could afford to lose.

I only trust Premium Bonds and have put most of our meagre savings into them. www.thisismoney.co.uk/money/saving/article-10863341/Should-throw-savings-NS-Premium-Bonds.html “National Savings & Investments is finally increasing the number of Premium Bond prizes it pays out every month, boosting its 21million savers' chances of winning.”
"From next month (June 2022),NS&I will pay out an additional 1.4million prizes, cutting the monthly odds against winning for every £1 in Premium Bonds from 34,500 to one to 24,500 to one."
"All NS&I deposits are backed by the Treasury, which means that, as long as the Government is solvent, your savings are safe."

If say put in 200 & take it back as soon as able and anything there on is a bonus ?
Is crypto same as britcoin

Has Russia any part in it loosing

Polly7
Crypto is a generic word for this type of currency.

Polly7
It will be all governments that will defeat it.

I invested modestly in crypto long ago and used the proceeds to buy my current house. I am not a gambler by nature (lived in Las Vegas for a year and only visited a casino once where I lost $13)

I still have some crypto coins stored in a harware wallet but have not really dabbled since.

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There are several different crypto currencies of which Bitcoin is the best known.

Any kind of currency trading is high risk unless you are a professional, movements are unpredictable an amateur will never react quickly enough to make money and often loose a lot.

The real question is has anyone been able to realise their numerical gain?

I invested in it many years ago - unfortunately not in the very beginning. However I made enough to buy a house with a very small mortgage and am not mortgage free. I still have a hardware wallet with some bitcoins in it for a "rainy day".

There appears to be a facility on PayPal to buy digital currency. Has anyone tried it?

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Building societies give a much better interest rate than the banks.

I invested in crypto many years ago and made enough to buy a house. I still have a small amount in crypto but would not re-invest any significant sum at present.

I do not understand how it works so I will not be touching it with a barge pole.

biglouis did you by any chance buy a house?!