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  • Entrepreneurs

    Bitcoin Bubble

    No need to wait 2 years. I will apologise to you right now.

    I’m sorry for my narrow minded views and Thankyou for educating me further.

    In my original thread I stated I believed blockchain itself might do great things, it’s the ICO that I have an issue with.

    10 year argument is what is swaying me. If it was so great , why not adoption at faster pace.

    Will agree to disagree - debate is always good. I can be obnoxious at times and for that I again offer an apology.

    Wishing you success

    investorsk8

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    Coming soon Investorsk8.com

    Wisdom - an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs. 

    Jim Rickards is the editor of Strategic Intelligence and the author of Currency Wars: The Making of the Next Global Crisis. He believes gold can go to $10,000 an ounce but he is much more skeptical about bitcoin. Rickards doesn't trust the bitcoin price action and doesn't believe the cryptocurrency will fare well in a financial crisis.

    https://uk.businessinsider.com/economist-...on-2017-12

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    Coming soon Investorsk8.com

    Wisdom - an integration of knowledge, experience, and deep understanding that incorporates tolerance for the uncertainties of life as well as its ups and downs. 

    I've not invested in Crypto myself but have been tracking it as in March with all the buzz around it, I was considering. Glad I didn't now, which is easily said and done when I have no losses, but if I had had they would be mounting up now......here's some prices and timelines of when I checked prices, updated this morning......

    19205.113421.451338.67339.45

    Peak

    BitcoinBitcoin CashEthereumLitecoin
    7405.32864.82467.06140.2318/03/2018 2.15pm
    7900.95873.62453.43135.2228/03/2018 10.01am
    6408.94507.11221.4756.0907/09/2018 11.20am
    6236.54414.16171.5647.9012/09/2018 11.57am
    5269.49275.41155.6038.0019/11/2018 12.17pm
    4299.35215.01122.2131.8523/11/2018 11.03am
    3765.01170.29110.2828.7125/11/2018 00.41am
    3360.6199.5183.7925.0407/12/2018 09.22am
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    The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms.

    This warning comes as cryptoassests1 (crypto) and forex investment scams reports more than tripled last year to over 1,800. Fraudsters promise high returns from investments in crypto and forex, with victims losing over £27 million in total in 2018/19.

    Fraudsters often use social media to promote their ‘get rich quick’ online trading platforms. Posts often use fake celebrity endorsements and images of luxury items like expensive watches and cars. These then link to professional-looking websites where consumers are persuaded to invest.

    Investors will often be led to believe that their first investment has successfully made a profit. The fraudster will then contact the victim to invest more money or introduce friends and family with the false promise of greater profits. However, eventually the returns stop, the customer account is closed and the scammer disappears with no further contact.

    Action Fraud reports show that on average, victims were each scammed out of £14,600 from forex and crypto scams in 2018/19.

    Full/source article

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