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

(84 Posts)
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grannysyb Thu 26-May-22 22:13:08

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.

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CountessFosco Thu 26-May-22 19:48:52

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

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Beckett Thu 26-May-22 19:03:58

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

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henetha Thu 26-May-22 18:35:41

No. I dont trust it.

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Blossoming Thu 26-May-22 17:58:18

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

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Chewbacca Thu 26-May-22 17:55:52

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

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Esspee Thu 26-May-22 17:48:39

I would have thought gransnetters have more sense.

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BlueBelle Thu 26-May-22 16:28:52

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

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Sago Thu 26-May-22 16:24:42

As interest rates are so dire and I still have a fair bit of time on my hands until my work picks up post Covid?I have started to learn about Crypto and invest some small amounts.

It’s really interesting, I bought a coin recently at an all time low and the price doubled within 72 hours!

Are any of you investing?

Have you any tips?

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