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Cryptocurrencies

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Efcjake said:
Down another 7.5% today.
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lesbattersby said:
what are people's thoughts on dascoin. My brother in law showed me a thing yesterday saying he had invested £800 and last week it made £550. Is he chatting dung
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I don't know much about it but everything about it from a small amount of research screams ponzi scheme. Way, way more dodgy than Bitcoin, Ether etc.

The only way to make more coins is by recruiting more people, you can't trade the coins from the looks of things. So the company are setting the price. They have limited it to 8.5 million coins so once all of them have been distributed there is no more money to be made.

I'd advise him to get out as quickly as possible...

http://ethanvanderbuilt.com/2017/08/07/is-dascoin-a-scam-or-truly-the-currency-of-trust/

https://www.dalerodgers.co.uk/dascoin-scam-new-cryptocurrency-mixed-reviews/

https://steemit.com/steemit/@cryptoviking/beware-dascoin-scam
 

Bought £50 worth of Cradano (ADA) on Binance. Looks like it has huge potential (Market Cap) and is currently only $0.55.
 


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