Reply To: Bitcoin Stuff

Forums Non Football Stuff Bitcoin Stuff Reply To: Bitcoin Stuff

#196572
vincehillvinceHill
Player
  • 125 Posts Started
  • 1,428 Participant
  • 1,553 Total Posts

My take on it is let’s say me and few mates say 20 all have 10 million quid each and then pool it to make 200 million quid.
We then make up a currency unit and then put it out there as a value and invite others to invest.
As more investors join it the value increases and when enough is received me and my mates bail out with our new ‘values’ of maybe 5 times our ten million initial investment and then watch the fund value reduce overnight.
We sail off with our money and revel at how thick and stupid our investors were !
In short it’s a very risky investment and I certainly wouldn’t try it , stick it in a pension plan is best advice.

  • This reply was modified 1 month, 3 weeks ago by vincehillvinceHill.
  • This reply was modified 1 month, 3 weeks ago by vincehillvinceHill.