Cryptocurrencies

[superdave]

My crypto has doubled in value in the past 2 months. What do you have in your wallet?

 

[zemaj]

Back when they were unregulated, and you could mine them, I actually had accrued quite some... kicking my own ass at having dumped them all, now, but I was more in it as a cool side-project anyway... also, that couple K is still netting me interest on the parts I did invest, so not a total loss.

Lesson learned: when Wall Street can find a way to make it into thier money, it's always going to go up.

 

[Elly]

I've been eyeing it up but I'm too pussy as I just feel I'll get stung so I keep hanging back.

I only spread bet anyway, I don't trade proper.

 

[superdave]

After Tesla invested 1.5 billion in Bitcoin, Elon Musk is using his Twitter to pump the price.

 

[Elly]

I just went to check out how the cryptocurrencies are doing and they're actually blocked for retail traders now.

They're protecting us from ourselves.

The last reason is the best:

• lack of legitimate investment need for retail consumers to invest in these products

FCA bans the sale of crypto-derivatives to retail consumers

The FCA has published final rules banning the sale of derivatives and exchange traded notes (ETNs) that reference certain types of cryptoassets to retail consumers.

www.fca.org.uk

 

[superdave]

Bitcoin hit 50k. 250k by July?

 

[Glurin]

• lack of legitimate investment need for retail consumers to invest in these products

Isn't it funny how when a bureaucrat dictates what people do or don't "need", it's always them and their friends who "need" it and the average Joe who doesn't?