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Guy I work with is really into his money making ideas, crypto currency is his major thing but he has just put some money in with a guy/trader based in Singapore.
This trader made 1000% last year on investments and next year is going for 2000%. He take 2% of the profit he makes on your investment.
Is this a scam? That size of growth seems fanciful.
😆
Pyramid scheme??
Right, I've got £1 in 5p coins. Can I invest? 😆
Watch some instructional YouTube videos on Forex trading, that will give you an idea as to how volatile currency trading is.
Crypto currency is even more volatile. High risk, high gain. Potential for ruinous loss if you get unlucky.
Also 2k% of what, 2k% of a penny?
My thoughts exactly but he won’t have it that it’s a con. He reckons he has put £500 in.
Well I've got some magic beans I could sell him.
Can't possible scale to any real amount of money, so I'd say con.
Plenty feasible, if he’d just bought a shit load of bitcoin on jan 1 and sold on dec 31 he’d have made a 1500% increase. And that’s ignoring the high, which would have been a 2300% increase.
Whether it will hold true next year is another story, easy come easy go...
What's the actual investment though, is it Forex, crypto, shares, etc.
It's not necessarily a scam as such but it is a pure bet.
May as well out the money on a 500/1 rank outsider running in the 1215 a few times.
I thought this was going to be a thread about waistline expansion over Christmas
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HODL