So I have been bitcoin mining a little before the boom (December 11th) and have made quite a bit.
After the fall recently, the amount I had saved went down a bit of course. Now I'm seeing the FCA (financial conduct authority) based in the UK says to prepare to lose all our money. Is this even reliable at all? I mean, I've never heard of them until recently and now it's all over the news.
Is this just another anti-bitcoin company like the motley fool?
I've never been to the UK. This sounds like a government watchdog protecting consumers.
They're only doing their jobs. I skimmed what came up, and it seems they're warning against schemes that ask for bitcoin and promise high payouts.
It's commendable work really.
"Are we doomed?" is a silly title for a topic.