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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
You could lose all the money you invest.
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
The cryptoasset market is generally unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
You should not expect to be protected if something goes wrong.
The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a ‘specified investment’ under the UK regulatory regime – in other words, this type of investment isn’t recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checkerhere.
Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protectionhere.
You may not be able to sell your investment when you want to.
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
Cryptoasset investments can be complex.
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is.
Don’t put all your eggs in one basket.
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA’s websitehere
For further information about cryptoassets, visit the FCA’s websitehere
Thinking about investing in the popular cryptocurrency? A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report.
3. Mega Dice – Completely New Solana GameFi Token With 4000 + Games. The best crypto to make you rich in 2024 is Mega Dice, an online casino with more than 50,000 players and a $50 million monthly wagering volume.
As of March 2024, there are 13,217 cryptocurrencies in existence. However, not all cryptocurrencies are active or valuable. Discounting many “dead” cryptos leaves only around 8,985 active cryptocurrencies. There are around 420 million cryptocurrency users across the globe.
The average crypto portfolio is up $2,804 so far in 2024, according to cryptocurrency tax software platform CoinLedger. The unrealized average gains contrast the less than $1,000 in average realized gains for the whole of 2023.
While the cryptocurrency market is inherently unpredictable, Solana, Shiba Inu, and Aptos have emerged as top contenders for delivering 10X gains in 2024.
Here's our list of cryptos that will explode in 2024: Dogeverse (DOGEVERSE) – A multi-chain Doge token expected to boom in 2024. Slothana (SLOTH) – A hot Solana meme token raising over $550K in a few hours. Mega Dice (DICE) – A popular crypto casino offers daily rewards to token holders.
Key points. Bitcoin has plenty of bullish momentum in 2024. The SEC approved the first spot bitcoin ETFs in January 2024. The original crypto is on track for its next halving in April 2024.
The 2024 Bitcoin halving is expected to happen on April 17, 2024, and is being highly anticipated. Experts, including Robert Kiyosaki, have predicted that Bitcoin could reach $100,000 by June 2024, while Standard Chartered suggests that Bitcoin could soar to $200,000 by the end of the year.
Coupled with a push for crypto-friendly regulations, we might see Bitcoin pass the $120,000 mark by the end of 2025. However, we also expect a high degree of choppiness throughout the year, as is often the case with Bitcoin. Due to this, we predict an average price per BTC of around $70,000 across 2025.
As we look ahead to 2025, several cryptocurrencies stand out for their potential to experience explosive growth. These coins offer unique value propositions and have strong fundamentals that could propel them to new heights. Let's delve into the top contenders that could potentially 5X by 2025.
Pal believes that Bitcoin could go as high as $1 million by 2025. As of now, $1,000 is worth around 0.0155 BTC. If BTC were to go to $1 million, 0.0155 Bitcoin would be worth $15,500. This would mark a return of 1,450%.
Introduction: My name is Trent Wehner, I am a talented, brainy, zealous, light, funny, gleaming, attractive person who loves writing and wants to share my knowledge and understanding with you.
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