FCA Issues Warning Regarding Cryptocurrency CFDs (news.bitcoin.com)

The United Kingdom’s Financial Conduct Authority (FCA) has published a warning aimed at retail investors who may be considering or soliciting cryptocurrency CFDs (contracts for difference). The U.K. regulator emphasized the risks associated with the price volatility, charges and funding costs, leveraged trading products, and price transparency, asserting that such may manifest in the cryptocurrency CFD markets.
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Warning! When googling Blockchain you get a fake phishing ad as the first result

Proof: https://imgur.com/a/4n8O0

I just moved to Spain and wanted to check on my wallet from a new PC. I just googled Blockchain for fast access and thank god I noticed that the website was spelled differently. I would have never thought that google would show me a fake phishing site as a first result for a popular website.

Just be careful when trying to access Blockchain or any other crypto wallet through a link or google and don't forget to HODL.

P.S I do not have any adware or malware on my computer.

submitted by /u/Tecumsehgo
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Warning: many will get burned.

So many posts about complete newbs getting a whiff of the rally off the news and trying to buy. This is a noticeable rally, and there are various reasons for it, but it won't go on forever. Profit taking and a correction may be steep and fast or gradual and protracted but it's pretty much expected.

Newbs will buy at this price, watch their brand new asset's value tumble and sell near the bottom locking in a sizable loss. The effects of that common scenario are very discouraging. Especially so for some of these buyers in risk-on mode going in debt to buy not having experienced months long troughs. They need to be cautioned in here, not egged on to buy buy buy.

submitted by /u/stupidx
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