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Share your dilemmas and get honest opinions from other Mumsnetters.

To think this must be too good to be true?

5 replies

Hobnobsarenotfordunking · 02/04/2018 13:45

I was always taught if something seems too good to be true it usually is.

But people genuinely seem to be making money from doing nothing using some Bitcoin auto trader that I don’t really understand.

So is it worth me learning about this, or am I right in thinking it is a scam?

104.206.242.3/MOTHER-Bitcoin-loophole-new-Bank-Account-Mirror/?voluumdata=deprecated&eda=deprecated&cep=_SNYAM5CYk9QgtTeXGQgew_jwKHCNYgHN62Fj3KpZUBQZrtUdalgxAVEuaCgkP5-AlQXQbUzTfqb83Bktgu5lLg3d2yJ_1_f-SOjH1jxYDlOGNREQsSawP3UomDzm1DlL4VOOejxqDSTmrvevNSy3z0IaU3WcUMSLDbmXP3EkdtgisTTcxZhjm4TBTW68Pv974iIpd85yjbgJuDSG3bRWuCFxPJu43I8ucQ1APT6nJXrpRAdBZfKKdsKYjglAx-MFbOVrxnSbh3NU8tw5Uy5I1f2e8wDOZDPWnFF8ciwpjqLT-AjvlcSxs5auswziTwB_R4G7z-ojNr350YOl1_o-DTfYHXrp2abct7a392TfkcKaH5z2fSBMsKtiT6ubQxG4oEpV-la8Qz7FNSs30Xvs0rsARxSB_TXo4RbqFlAf73-Byjq-FLGzLjXLN9mw70q&key1=009-uk&campaign_id=23842748607720609&adset_id=23842748607950609&adset_name=4%20-%20Lookalike%20(GB,%203%25)%20-%20UK%20FTD%20JAN21-3,%2032-37,%20iOS&ad_id=23842748608490609&ad_name=Ad%205&placement=Mobile&age=32-37&gender=Female&interest=-

OP posts:
Oddcat · 02/04/2018 14:07

I wouldn't , there's lots of articles about Bitcoin , I think you really have to know what you're doing tbh.

AnchorDownDeepBreath · 02/04/2018 14:11

Its not a scam, as such. It's financial trading.

But to be frank, a big proportion of the money experts make will be made from people giving it a try without experience and losing it all.

Oddcat · 02/04/2018 14:11

Have a read here

sailorcherries · 02/04/2018 14:15

Bitcoin isn't a scam; however if you google bitcoin loop hole trader (I think that's ehat you're talking about) plenty of people do say that is a scam.

WeirdAndPissedOff · 02/04/2018 14:15

It is true, but for the most part you've missed the boat.
I don't fully understand bitcoin, but from what I understand it gets progressively more difficult to find coins as time goes along, and need more processing power.
It was a great opportunity when it first started, and the right person could still make something of it now.

But from what I understand you'll need:
-A very heavy duty set of computer hardware with high processing power, likely costing a couple of thousand £ each. (It's possible to make it work with just one, but with the time/processing power/effort needed to fnd coins now you'd be better with multiple sets.)
-Money to invest in high electricity bills each month, as this hardware must be running constantly.
-At least a basic knowledge of what you're doing, although there are guides out there.

Plus it can still be difficult to get real world value for these coins, I think?

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