Is it safe and serious?

[Ani Tefillah]

A friend of mine (in Norway) has invested 2000 dollars in this "Immediate 5.0 Evex", and now she regrets it, as she's not sure if it is a serious company etc. 

We've found the company on the "Trust Pilot" etc, and it seems to be serious....but we're not sure. I say we, because I've been trying to help her after she told me this. 

Have you ever heard of that company? What would you do if you regretted an investment like that? 

[Marathoner]

It's an automated (AI) crypto currency investment platform. Because this platform makes exaggerated promises --- for example, guaranteeing profitability regardless of market conditions --- I think it's a scam. 

[other one]

1 hour ago, Marathoner said:

It's an automated (AI) crypto currency investment platform. Because this platform makes exaggerated promises --- for example, guaranteeing profitability regardless of market conditions --- I think it's a scam. 

I think Bitcoin is a scam in the long run,  Much like a pyramid scheme.  You could have made a lot of money if you were there in the beginning.

[AnOrangeCat]

I'm skeptical about it. What I found is consistent with what Marathoner found. I play around in investment and financial markets. Trading based on algorithms and AI have become increasingly popular over the years, but at least for now they still require you to have a working investment strategy to be profitable. Even then you need things like risk management to stay profitable in the face of any possible long strings of losing trades.

What concerns me is that years ago there was a company called Immediate Edge that made similar claims and offered a similar service. Trustpilot's rating of Immediate Edge is dismal. So it strikes me as possible that it's the same company under a different name.

Even if it's legit I'd be doubtful. AI is a hot topic and something that's going to attract investors in the coming years for sure. But not all companies and developers will be winners. A lot will just get swallowed by the major players in the field like Open AI and Google.

[Marathoner]

26 minutes ago, other one said:

I think Bitcoin is a scam in the long run,  Much like a pyramid scheme.  You could have made a lot of money if you were there in the beginning.

Exactly. 

[Debp]

I wouldn't go into those cryptocurrencies because I don't understand it much.    

[Sower]

An old saying;  "Nothing ventured, nothing gained"..(Nothing lost, too)
My brother in law's mother was a scientist working for the government to grow salt water algae artificially for inland fish farms.
When she retired, with her knowledge/expertise, she began her own production of this algae with investors at start up. We borrowed $500 to purchase 500 shares. A year later the stock split and we had 2500 shares. cool, right! A year later we lost contact with the company and the scientist. Never heard from them.

That was our first and last money investment. ....Well, almost.
Years later invested 20K for each of our kids to help them start their homes. They all own their homes now, debt free.
Our return for investment netted us a dozen grand kids. We thought that was a grand investment......

[Ani Tefillah]

Thank you all for your comments. ☺️ I wouldn't do it either. 

The company asked her for sensitive information, as her full 'personnummer', security number (?), which I think was sinister. I've advised her to contact her bank, but I can only advise.... 

[Dennis1209]

Opinion: I would not call it an investment, but gambling, and there are the professional and amateur players. You can even bet the game is rigged one way or another. I will not gamble with what was hard-earned.

Banking and Ponzi schemes have been around for a long time; banking is a sleight-of-hand Ponzi scheme. Creating fiat money out of thin air and charging usury for money that had never existed. On a ledger, accounting debts and loans are assets.

It is easier to bilk and use other people’s money to get rich and make a living than by earning it from production and the physical sweat of thy brow.

Our global financial system is, by definition, fiat: Money (paper or coin) made legal tender and assigned a value by government decree, with a commodity value lower than its face value, not convertible into other specie of equivalent value, and generally with a lower purchasing power than nominally equivalent specie based.

This fiat system cannot define what a dollar is or what it will purchase. Our US Congress gave up its Constitutional sole authority to coin and regulate money to private for-profit monarchies. Fiat representation is deceitful and cannot represent a real thing backed by anything, not even an I.O.U. Nothing.

Today, it is the same old story repeated from time immemorial, debasing and devaluing. Silver coinage to clad (1964), copper pennies to zinc (1986), etc., now takes 3₵ to produce a 1₵ zinc penny. Not to mention gold and silver certificates and the promise to redeem them for something real and tangible, a thing of the past.

Gold and silver coinage are the real deal and are definable. A one-ounce gold coin will purchase the same thing as in 1913.

Buy low, sell high: I heavily invested my retirement in physical possession of US gold and Silver Eagle coinage. I tripled my investment in a few short years and purchased something tangible: my home and acreage. How does a government tax fiat profits on real money?

Gold and silver have always been tangible, valuable, and always will be real money. Shortly, the globe will initiate a cashless economic system that uses ones and zeros. Precious metals will not go away anytime soon.