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Aug 24th, 2023
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Joined: Feb 2012
Posts: 5,653 Likes: 4
Charter Member
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Charter Member
Joined: Feb 2012
Posts: 5,653 Likes: 4 |
I have been getting multiple cold calls from Amsterdam offering me investment opportunites in Bitcoins. Could the party be nearly over?
Martin (Deano)
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Joined: Jul 2007
Posts: 26,759 Likes: 424
Member of the Inner Circle
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Member of the Inner Circle
Joined: Jul 2007
Posts: 26,759 Likes: 424 |
Cut out the middle men & help that nice guy in Nigeria instead.
JohnV6
2022 CX Plus Four
2025 MG ZS EV aka Trigger
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Joined: Aug 2013
Posts: 5,210
Charter Member
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Charter Member
Joined: Aug 2013
Posts: 5,210 |
Cut out the middle men & help that nice guy in Nigeria instead. I’m ramping up production of cans of fresh Cornish Air. I’m needing VERY BIIIIGGG investment - make lots of money VERRRY Quick!! Anybody interested/ 
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Joined: Dec 2008
Posts: 21,871 Likes: 168
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 21,871 Likes: 168 |
How do I self-declare myself as cool? 
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Sep 2011
Posts: 14,723 Likes: 149
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,723 Likes: 149 |
On a slightly different bubble.
Two banks and four companies have just been fined €15 million over the selling of investments in diamonds with promises of secure profits to be made. The diamonds were sold to clients, it now comes out, at as much as double the market value. The banks have also charged commissions on the purchase and later on the subsequent sale of the diamonds. As well as the fine they now have to refund losses to their clients.
This was a bit of a bubble that occured all around the world and probably drove the price up at the time. Since 2011 however, with various ups and downs, the price of diamonds has remained reasonably stable.
Peter ![[Linked Image]](http://bradley.it/public_images/drive.jpg)
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Joined: Apr 2012
Posts: 350
Learner Plates Off!
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Learner Plates Off!
Joined: Apr 2012
Posts: 350 |
On a slightly different bubble....
...As well as the fine [the banks] now have to refund losses to their clients.
This was a bit of a bubble that occured all around the world and probably drove the price up at the time. Since 2011 however, with various ups and downs, the price of diamonds has remained reasonably stable. At least these diamond investors were able to get their money back. I doubt that Bitcoin 'investors' will get any compensation.
1961 +4 Four seater
"Crude, but effective."
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Joined: Mar 2009
Posts: 11,221 Likes: 159
Smile, it confuses them Member of the Inner Circle
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Smile, it confuses them Member of the Inner Circle
Joined: Mar 2009
Posts: 11,221 Likes: 159 |
Well the first hack (public and admitted at least) of a crypto bubble has occurred. https://www.reuters.com/article/us-japan...t-idUSKBN1FI06SCoincheck has been breached but amazingly the bank is offering recovery payments which I would only expect in Japan given the countries amazing culture. This leads to greater scrutiny as the next action. I would guess this will be applied to more of them.
Everyone loves a Morgan. Even me, unless it's broken again.
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Joined: Jan 2009
Posts: 5,888 Likes: 22
Charter Member
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Charter Member
Joined: Jan 2009
Posts: 5,888 Likes: 22 |
Interestingly they know where the stolen coins are and who has them but cant do anything about it. Why not just cancel them?
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Joined: Dec 2008
Posts: 21,871 Likes: 168
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 21,871 Likes: 168 |
I suspect that cancelling something which doesn't really exist may be a challenge.
There was a report of a physical robbery in the press in the last few days where a family were held under threat until they had transferred their bitcoins to the crooks.
They were listed as directors of an investment type company and had their home address visible on line, probably as part of the company record.
Not a good idea.
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Apr 2008
Posts: 11,868 Likes: 138
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 11,868 Likes: 138 |
Bitcoins can't be 'cancelled' because there's nobody "in charge" of the currency. There's no control mechanism to do so.
Tim H.
1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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