- Joined
- Sep 22, 2020
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- 1,471
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- Name
- Andy
Has anyone had a dabble with any cryptocurrency? Have you made or lost any substantial amounts of money?
Bitcoin is the obvious one, with it first reaching a peak in 2017 before the value dramatically dropped, but is now surpassing that peak again in 2021.. I had a friend who invested quite heavily in Bitcoin during 2017, only for him to lose it all by being greedy and disseminating into lesser-known cryptos when its value was falling. I got quite mad at him actually as he'd been warned by a few people (including me) what could happen if he wasn't careful, and didn't end up just losing his money but got some of his friends and family involved too.
One of my teaching colleagues on the other hand, has invested quite heavily in Bitcoin (pre-2017) and stands to make some substantial money so long as he doesn't make the same mistake, which he hasn't so far. He invested in a miner last year, he's now purchasing high-end graphics cards and setting them up purely to mine.. I'm not sure how it all works in honesty!
I've never dabbled myself in crpytocurrency.. It just feels much too risky to me.
Bitcoin is the obvious one, with it first reaching a peak in 2017 before the value dramatically dropped, but is now surpassing that peak again in 2021.. I had a friend who invested quite heavily in Bitcoin during 2017, only for him to lose it all by being greedy and disseminating into lesser-known cryptos when its value was falling. I got quite mad at him actually as he'd been warned by a few people (including me) what could happen if he wasn't careful, and didn't end up just losing his money but got some of his friends and family involved too.
One of my teaching colleagues on the other hand, has invested quite heavily in Bitcoin (pre-2017) and stands to make some substantial money so long as he doesn't make the same mistake, which he hasn't so far. He invested in a miner last year, he's now purchasing high-end graphics cards and setting them up purely to mine.. I'm not sure how it all works in honesty!
I've never dabbled myself in crpytocurrency.. It just feels much too risky to me.