Latest scam bit coins

solarman216 · 06-02-2018, 23:46

have you all seen the latest scam "Richard Branson" no less has ditched Virgin and invested millions into bit coins, with the promise that you will all earn a fortune, yea right, Rick

jims-terrano · 07-02-2018, 00:05

I thought that man had half a brain too, obviously not.

Fez_uk · 07-02-2018, 10:01

Cryptocurrency is here to stay whether you like it or not

macabethiel · 07-02-2018, 23:05

Richard Branson has invested in it rather than in Virgin Brands - Sounds like fake news to me.

I remember the Pyramid Selling Scheme back in the 1960's called "Magic Touch" it was going to make the participants so rich they could give up normal work just like "Amway" that followed. Not met anyone who made any money out of either of the above.

Now the fashion is "Crypto Currency" you can't hold it in your hand, pay your Income Tax with it. It is not regulated by any Government so no recourse there for compensation.

And if it crashes who do you write to for a refund or for some sort of compensation?

It is not long ago that a huge quantity of Bit Coins were allegedly stolen but there are no actual coins. If your Hard Drive breaks down or the storage stick is stolen what then?

It might be no good to the thief without the key but then do you have a key but no lock to release your funds from.

Sounds worse than Hedge Funds and Futures to me..........Resident Ludite

solarman216 · 07-02-2018, 23:15

I been having a play and have not found anything worth doing yet, I am apparently one of the first 1000 free members, I doubt that at all, will bet that there will still be free membership in a weeks time when probably tens of thousands will have applied and there is no criterion for not being successful, currently playing with iq options with a $10,000 virtual credit practice deal, I
am learning a bit about high finance if nothing else, Rick

Fez_uk · 07-02-2018, 23:30

Quote:

Originally Posted by solarman216

I been having a play and have not found anything worth doing yet, I am apparently one of the first 1000 free members, I doubt that at all, will bet that there will still be free membership in a weeks time when probably tens of thousands will have applied and there is no criterion for not being successful, currently playing with iq options with a $10,000 virtual credit practice deal, I
am learning a bit about high finance if nothing else, Rick

That wont be richard branson, Just a scammer

06-02-2018, 23:46	#1
solarman216 Off road maniac Join Date: Dec 2009 Location: Bexhill on Sea Vehicle: Y60 Patrol Me, 3 ltr Mrs Posts: 17,431	Latest scam bit coins have you all seen the latest scam "Richard Branson" no less has ditched Virgin and invested millions into bit coins, with the promise that you will all earn a fortune, yea right, Rick __________________ Ex banger racer now off road maniac Lokka on the front with manual hubs Diff lock on rear 3 inch SS straight through exhaust Manly winch bumper with 13000 lb winch 10 spike ground anchor, with multiple straps and blocks Super strong body cills capped with scaffold pole 20% stronger springs all round aggressive off road tyres on wheels so just swap. Aim to get stuck and be completely self sufficient in extraction, love getting muddy, 2ft deep is good but rare.

07-02-2018, 23:05	#4
macabethiel Senior Member Join Date: Aug 2008 Location: Derby Vehicle: Freelander & Jeep GC 3.0 Posts: 4,416	Fake News / Snake Oil ? Richard Branson has invested in it rather than in Virgin Brands - Sounds like fake news to me. I remember the Pyramid Selling Scheme back in the 1960's called "Magic Touch" it was going to make the participants so rich they could give up normal work just like "Amway" that followed. Not met anyone who made any money out of either of the above. Now the fashion is "Crypto Currency" you can't hold it in your hand, pay your Income Tax with it. It is not regulated by any Government so no recourse there for compensation. And if it crashes who do you write to for a refund or for some sort of compensation? It is not long ago that a huge quantity of Bit Coins were allegedly stolen but there are no actual coins. If your Hard Drive breaks down or the storage stick is stolen what then? It might be no good to the thief without the key but then do you have a key but no lock to release your funds from. Sounds worse than Hedge Funds and Futures to me..........Resident Ludite

07-02-2018, 23:15	#5
solarman216 Off road maniac Join Date: Dec 2009 Location: Bexhill on Sea Vehicle: Y60 Patrol Me, 3 ltr Mrs Posts: 17,431	I been having a play and have not found anything worth doing yet, I am apparently one of the first 1000 free members, I doubt that at all, will bet that there will still be free membership in a weeks time when probably tens of thousands will have applied and there is no criterion for not being successful, currently playing with iq options with a $10,000 virtual credit practice deal, I am learning a bit about high finance if nothing else, Rick __________________ Ex banger racer now off road maniac Lokka on the front with manual hubs Diff lock on rear 3 inch SS straight through exhaust Manly winch bumper with 13000 lb winch 10 spike ground anchor, with multiple straps and blocks Super strong body cills capped with scaffold pole 20% stronger springs all round aggressive off road tyres on wheels so just swap. Aim to get stuck and be completely self sufficient in extraction, love getting muddy, 2ft deep is good but rare.

07-02-2018, 00:05	#2
jims-terrano Senior Member Join Date: Sep 2004 Location: UK Posts: 12,965	I thought that man had half a brain too, obviously not.

07-02-2018, 10:01	#3
Fez_uk Senior Member Join Date: Sep 2010 Location: Mid-Wales Vehicle: Maverick 2.7 - Patrol 4.2 Posts: 5,645	Cryptocurrency is here to stay whether you like it or not