U.K. Regulator Warns Crypto Investors Risk Losing ‘All Their Money’

d08 said:
Imagine saying "yeah, USD is down 12% today, no biggie". Fiat is backed by the countries, what about crypto?
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The countries are expanding their money supplies. 75% of all dollars in circulation have been created since 2009. Is that a store of value?
 
Everyone thought that real-estate is a very safe investment (Including the large investment banks and almost all the investment community) only to discover that it is not.

Bubbles can be created around any investment vehicle if you provide enough liquidity/leverage and the needed financial engineering, crypto is no exception.

The notion of "being prepared to lose 100% of your investment" is really ironic & makes me laugh, because the major investment banks lost ten times more than their investments in 2008/2009.

But anyway, it's good that they sent the warning, tells a lot about the health of the market.
 
d08 said:
It's poor, yes, but far more stable than any crypto as of the moment. IF cryptos become widely used and stable, I'm all for them. Thing is, I don't see this happening, it's always from one crisis to another.
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Central bank digital currencies CBDC are coming in 2022. Automated tax collection, negative rates for savers, positive rates for favoured groups, stimulus money that disappears if not spent in 90 days, all programmed centrally not on a blockchain.
 
themickey said:
Jan 11 2021, 4:19 PM (Bloomberg) -- The U.K.’s financial watchdog has a stark warning for consumers looking to profit from the latest crypto boom: be ready to lose everything. “Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with......

Read more at: https://www.bloombergquint.com/onweb/fca-warns-crypto-investors-they-risk-losing-all-their-money
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Funny, they are not saying it is hard money!
 
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