e_abrams Posted January 14, 2021 Share Posted January 14, 2021 The UK financial regulator Financial Conduct Authority (FCA) issued a sharp warning to cryptocurrency investors to be prepared to lose all their money. This warning was issued after a day on the cryptocurrency markets which saw 200 billion US dollars getting wiped out from the total value of all digital currencies. “The FCA is aware that some firms are offering investments in crypto assets, or lending or investments linked to cryptoassets, that promise high returns. If consumers invest in these types of product, they should be prepared to lose all their money”, the regulator said, warning that crypto lending and investments are considered “very high risk”. Source Sadly, the sudden Bitcoin crash earlier this week led to massive losses, no wonder the FCA is issuing such dire warnings. Cryptos are very volatile - they can be quite profitable, but invest in the wrong time and the losses are just as big. Quote Link to comment Share on other sites More sharing options...
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