Emi Martinez

[Mellin]

It's no different. All instruments have their own behaviour and crypto is no more different to, say, crude than the FTSE is to the Nas. But it isn't FCA regulated, whilst all major UK brokers are. I think the SEC goes further with it.

[PeterWithesShin]

Crypto is horrendous with the amount of pump and dumps that have left lots with big losses and because it was a pump and dump they were always going to lose.

[Mellin]

The markets do that too...at 30:1 leverage. So a move 1/30th of the size of a crypto move up and down is just as detrimental. That kind of leverage on crypto isn't available in the UK. I don't trade crypto btw. I hold some XRP from $0.54, but that's it. But the myth that it can be more damaging than the normal markets isn't true.

[Rory]

Crypto is just another manifestation of insider trading (which is clearly the whole basis of the stock exchange), no?

Rich people invest a small proportion of their wealth in it, promote it to encourage regular/poor people to invest a far more sizeable proportion of their wealth in it.

Then when it reaches a kind of terminal upward velocity, the rich collude to sell their stake simultaneously at the highest possible value, the markets collapse, and the regular/poor have handily gifted their limited wealth to the rich.

[PeterWithesShin]

Classic example of a rug pull

https://www.bbc.co.uk/news/articles/c89xvjkzzyvo

[Toronto Villa]

Classic example of a rug pull

https://www.bbc.co.uk/news/articles/c89xvjkzzyvo

Another example if we even needed any more that there are so many fucking idiots out there. To think anyone would even consider her “inspirational” enough to follow let alone invest in is beyond belief. Gullible twats.