Posted: Mon Jun 28, 2021 10:22am
Sorry to hear this Dmoss. Like others have said looks like you should write off the money
I am an authorised and regulated financial advisor in the uk and spent time and money getting qualified and I hate seeing unregulated financial products like crypto where people can get taken for a ride.
As someone else correctly mentioned there is no FSCS cover, no FCA regulations, Bob down the pub could advise you and you would have no recourse
Bitcoin has dropped 55.5% in value since April and El Salvador have said it can be used as legal tender which I guess tells us everything we need to know
Investing is definitely a longer term game done in the right way, one of our medium risk funds has returned 101% in the last ten year by a steady approach but those details are for another day, the market cycles of crypto are just too volatile and young to trust and have confidence in right now
If you or anyone ever needs any help or advice please PM me and we will set up a formal meeting/call and I am happy to help I have been on here a few years now and recognised your name as well as many others
I am sorry you got stung by this but grateful as others mention its 250€ And not thousands
Have a great day and week everyone
Regards
Daniel