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

No I don’t understand it and to be honest life is not long enough to even try

I would have thought gransnetters have more sense.

I don't have enough money to risk gambling with it.

Cryptocurrency is a very bad investment now that the inevitable crash is happening.

No. I dont trust it.

Crypto currency is rapidly losing value - if you have any get rid of it asap

Watch the programme on Netflix - hair-raising. Don't go there with a bargepole!

I don't understand how it works, and it seems very up and down so I won't be joining crypto currency investors. However I have heard that "mining" for bitcoin uses huge amounts of electricity, not very good for the planet.

I don’t have any savings to invest. If I did, I wouldn’t have bought bitcoin. There was a time, maybe, a couple of years ago, I’d have taken a punt (if I had the money). I mostly didn’t understand it. But some people back then, said they were making shedloads of money from it. Whatever it is, its tanked. I’m glad I never invested (what I didn’t have anyway, IYSWIM!).

Maybe it’s like betting? Don’t play with what you can’t afford to lose.

Why would I invest my hard-earned cash in something which doesn't actually exist?

Well that went well ?

Well Crypto has given me a new interest, I am learning a lot and enjoying trading.
I am very cautious and am using a safe platform to trade.

It comes across as dodgy to me, associations with the dark Web, maybe that's a misconception. I can't say I understand it, I don't feel taken in by anything that promises fantastic returns.

Far too volatile.

I won’t gamble what I can’t afford to lose, but my cousin earned enough (so she tells me) to have all sorts of surgery and go on round the world trips.

No, but I know someone who has and they have lost money they could not afford to lose. Never play the money game unless you are prepared to lose, like the Pyramid schemes, only a few gain at the the expense of many others. Interest rates have been nearly non existent for the last few years and very low for a long time but are now beginning to pick up.

If it sounds too good to be true it probably is.

People who invested ten years ago are sitting pretty, but now that boat has sailed. There is also the problem of realising the assets when you want to sell. Cryptocurrency has no intrinsic value, it is only worth whatever people are prepared to pay, which could be a million pounds or one pence, there is no reason for it to be at any particular value and so could crash at any time and never regain. The fact that cash is being used less and most transactions are digital is totally different. Perhaps if there was a tracker fund available for a range of currenciesI would dip a little toe in the water for a high risk.

No, would not touch it. Too many connections on the ' dark web' , like another poster said watch the documentary on Netflix about it. For those investing, I hope you can afford to lose what you put in.

Yes. Bought some around the last big dip. Not an investment, just a gamble on something new and interesting.

My initial outlay has increased 6 fold, despite the recent dip.

I just don't understand it and wouldn't know where or how to start investing !!!

No chance

There’s no such thing as a safe platform with these things. If you can afford to risk losing everything that you’ve ‘invested’ then it’s fine. Otherwise I’d steer clear.