The price of Bitcoin has fluctuated greatly recently, and the Washington State Department of Finance has issued another warning

Recently, the Washington State Department of Finance issued a new warning, reminding buyers of digital currencies (such as Bitcoin) to invest carefully.

The warning, titled "Be careful with your investments," reminds people to be cautious when investing in digital currencies, binary options, and drug dealing.

“Due to the decentralized nature of digital currencies, their prices fluctuate greatly.”

The warnings mainly focus on reminding people to be careful of unrealistic investment projects, such as those that intentionally mislead investors.

“Since different countries and regions have different regulations on Bitcoin and digital currencies, scammers will take advantage of this regulatory confusion to mislead investors.”

The warning also points out that digital currency holders may face the risk of having their funds stolen.

The warning ends with:

"You may feel there are a lot of investment opportunities in the various investment categories mentioned above, but think twice before investing your money. Understand the basics first, then move on to other things."

The Treasury Department in Washington issued a similar warning specifically about Bitcoin in March last year, which came at a time when the price of the digital currency was fluctuating wildly between $300 and $500.

Original article: http://www.coindesk.com/washington-state-bitcoin-warning-price-volatility/
By Stan Higgins
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information