Latest scam bit coins

[solarman216]

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]

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

 

[Fez_uk]

Cryptocurrency is here to stay whether you like it or not

 

[macabethiel]

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

 

[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

 

[Fez_uk]

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

 

[solarman216]

my opening post said that, Rick :thumbs