Financial Regulators Still Not Happy With Crypto-Currencies

November 29, 2017 by Adrian Thorpe

Jon CuncliffeWith the value of Bitcoin now trading at an all time high, many people are now beginning to sit up and take notice of the wild and often very profitable fluctuations in the value of that crypto-currency.

In fact, more and more people are signing up for a Bitcoin wallet and hastily purchasing a supply of Bitcoin, in the hope of course that its value continues on its quite dramatic upturn curve.

However, those in charge of financial regulation in many different countries of the world are still sounding warnings that it will not be around for very long, in fact the Deputy Governor of the Bank of England Jon Cuncliffe has said as much only yesterday.

If you have been considering buying into Bitcoin or possibly buying one of the many other cryptocurrencies then it may be worth considering investing in one of the lesser known ones, for even some of them are beginning to show some very tasty profits.

The one thing you do have to be aware of at all times however are the risks of each crypto-currency for they are of course not backed by any Government or precious metal, and as such you will be taking risks no matter which one  you buy.

Bitcoin for example has not always been increasing in value, for the swings of its value can of course go the other way, and there have been times in the past when the value of Bitcoin as suddenly dropped quite dramatically.

But it would however seem that for the short term at least Bitcoin is going to continue rising in value, which will be music to the ears of everyone involved in that digital currency, much more so if they bought some weeks or months ago, for even over that short space of time they are still showing a profit.

The things to keep in mind in regards to investing as opposed to buying Bitcoin to buy goods and service online is where you intend to purchase that digital currency form and also how you intend to pay for it.

There can be and is in fact plenty of different Bitcoin Exchanges at which you are always going to be able to not only sell Bitcoin but buy it too, and they will accept all manner of different fiat currency and payment methods to allow you to purchase some.

Just keep in mind though that there are always going to be fees and charges associated with using a Bitcoin or any type of digital exchange and also the exchange rate you may be getting can vary from exchange to exchange too.

However, there is no doubt about it, this is currently one of the best times to be involved in digital currencies, much more so with many fiat currencies dropping in value. Just make sure that at all times you weight up the risks and chose just which crypto currency you invest in wisely, for there really are some huge profits to be made currently.