Bitcoin

Out of context: Reply #1822

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  • DaveO-1

    A mate of mine took out a £10k loan, put it into bitcoin, sold today as it started to dip and walked away with £12.5k clear profit.

    Can't work out if he's mad or a genius.

    • A mad genius? Those are the best.Longcopylover
    • Bitcoin just a smash & grab situation confirmed.
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    • I think the word you're looking for sis 'lucky' could have easily had his fingers burned.shapesalad
    • He was lucky, and maybe had some intel. Its a totally made up asset! Slot machine for rich people! How can society ever use a currency that is so volatile?DaveO
    • He's mad because he didn't have the money to gamble in the first place.zarkonite
    • It was risky but it paid off. Sometimes no risk no fun in life. Also it’s not like he got the loan from a loan shark.NBQ00
    • Well the numbers don't add up? 10+12.5 is not 30k+ Also never borrow to invest, oh well
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    • I never said 30k did I? I think his position went up to 20k earlier, then he sold and then it went up again. Then dropped!DaveO

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