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Reasons why you should NOT trade cryptocurrencies
Member Since Apr 06, 2018
242 posts
Feb 11, 2019 at 06:48
Member Since Apr 06, 2018
242 posts
BluePanther posted:
Cryptocurrency executive dies; takes access codes with him (4 Feb, 2019)
https://www.investmentnews.com/article/20190204/FREE/190209982/cryptocurrency-executive-dies-takes-access-codes-with-him
😁
The market will trade through it’s path of least resistance .
Member Since Feb 16, 2019
26 posts
Member Since Jan 25, 2010
1288 posts
Feb 20, 2019 at 07:14
Member Since Jan 25, 2010
1288 posts
Crashzx posted:
If you only buy bitcoin you're miles ahead of anyone else
Miles ahead? You mean to lose everything? You don't have to buy BTC to do that.
Feb 22, 2019 at 07:37
Member Since Feb 08, 2019
23 posts
BluePanther posted:Crashzx posted:
If you only buy bitcoin you're miles ahead of anyone else
Miles ahead? You mean to lose everything? You don't have to buy BTC to do that.
What makes you think you will lose everything buying BTC? Especially at these prices.
Member Since Jan 25, 2010
1288 posts
Feb 24, 2019 at 07:10
Member Since Jan 25, 2010
1288 posts
CRPA9 posted:
What makes you think you will lose everything buying BTC? Especially at these prices.
Please read the thread to find your answer.
Member Since Jan 25, 2010
1288 posts
Mar 11, 2019 at 10:55
Member Since Jan 25, 2010
1288 posts
Treeny posted:
You just need to adjust your strategy to trade cryptos. It's doable alright
Make posts consistent with thread topic.
Member Since Mar 11, 2019
10 posts
Mar 12, 2019 at 08:03
Member Since Mar 11, 2019
10 posts
GermanyFX posted:
its too volatile for leveraged and small accounts.
Most broker don't have leverage for crypto now any more anyway. I worry that current volatility on crypto is low and many trader will start trading with large lots but when volatility spikes again they will lose all their money
Member Since Aug 27, 2017
875 posts
Mar 12, 2019 at 15:15
Member Since Aug 27, 2017
875 posts
FaridAnwer posted:GermanyFX posted:
its too volatile for leveraged and small accounts.
Most broker don't have leverage for crypto now any more anyway. I worry that current volatility on crypto is low and many trader will start trading with large lots but when volatility spikes again they will lose all their money
That’s the reality! Really, it’s hard to use crypto as regular basis since we are the retail traders.
keeping patience.......
Member Since Mar 14, 2019
11 posts
Mar 15, 2019 at 08:10
Member Since Mar 14, 2019
11 posts
Magelaus posted:
Unfortunately, I do not understand cryptocurrency. Although I read the article here https://bitcoinbestbuy.com/bitcoin-mining-guide/ . I plan to start mining, even if it sounds very difficult. I want to try :D
Love it. Just like everyone else. You don't understand crypto but because of one article you decide that it is worth investing in. Madness!
Mar 15, 2019 at 09:48
Member Since Dec 21, 2018
17 posts
volumemaster posted:
No need for leverage on crypto, the market quite volatile, leverage can kill your account for sure
Absolutely agree, no need to leverage on crypto.
Somethings I learnt over 3 years trading on crypto:
- Don't use any broker that offer crypto CFD because their spread is crazy (sometimes 1-2%), just trade with own money in exchange like Bitfinex, Binance.
- Truth be told, I gave up predict the trend of crypto since early 2018, instead, in such volatile market, you can make money without predicting the trend of market. Use mathematics, you will find crazy unreasonable volatility in market that you can take advantages by some simple statistical arbitrage strategy.
- One more thing, understand Value at Risk (VAR) theory is critical when you trade in any bubble market like crypto.
ATB,
have fun trading
Member Since Jan 25, 2010
1288 posts
Mar 17, 2019 at 06:53
Member Since Jan 25, 2010
1288 posts
JesusSaves posted:Magelaus posted:
Unfortunately, I do not understand cryptocurrency. Although I read the article here https://bitcoinbestbuy.com/bitcoin-mining-guide/ . I plan to start mining, even if it sounds very difficult. I want to try :D
Love it. Just like everyone else. You don't understand crypto but because of one article you decide that it is worth investing in. Madness!
True! omg... lol
Mar 18, 2019 at 15:11
Member Since Mar 18, 2019
11 posts
psnowfox posted:volumemaster posted:
No need for leverage on crypto, the market quite volatile, leverage can kill your account for sure
Absolutely agree, no need to leverage on crypto.
Somethings I learnt over 3 years trading on crypto:
- Don't use any broker that offer crypto CFD because their spread is crazy (sometimes 1-2%), just trade with own money in exchange like Bitfinex, Binance.
- Truth be told, I gave up predict the trend of crypto since early 2018, instead, in such volatile market, you can make money without predicting the trend of market. Use mathematics, you will find crazy unreasonable volatility in market that you can take advantages by some simple statistical arbitrage strategy.
- One more thing, understand Value at Risk (VAR) theory is critical when you trade in any bubble market like crypto.
ATB,
have fun trading
I am really interested in your idea of using statistical averages. Could you please explain a bit more about how you do this? Do you think it would work with Forex because I mainly trade Forex not crypto
Mar 19, 2019 at 07:07
Member Since Dec 21, 2018
17 posts
LeBuffon posted:
I am really interested in your idea of using statistical averages. Could you please explain a bit more about how you do this? Do you think it would work with Forex because I mainly trade Forex not crypto
Theretically, you may. To be able to stat-arb, you need to find pairs those are cointegrated, then you trade everytime they diverge. But I never find any forex pair sets which highly cointegrated for a long-term.
You can find some basic knowledge here:
http://gekkoquant.com/2012/10/21/statistical-arbitrage-correlation-vs-cointegration/
http://jonathankinlay.com/2018/09/developing-statistical-arbitrage-strategies-using-cointegration/
https://www.quantinsti.com/blog/johansen-test-cointegration-building-stationary-portfolio
Apr 11, 2019 at 07:56
Member Since Dec 26, 2018
29 posts
Yep, I thought it's all finished and we just went smoothly with all established crypto currencies, yet like 2 years ago till now they are still popping up everywhere, so please explain this to me ? Somebody just virtually want to increase that interest. Some homemade currency which were issuing there tokens already closed 6 month ago. So it's artifical boom for another....
Apr 11, 2019 at 08:15
Member Since Jul 31, 2018
472 posts
uxStyle posted:
Yep, I thought it's all finished and we just went smoothly with all established crypto currencies, yet like 2 years ago till now they are still popping up everywhere, so please explain this to me ? Somebody just virtually want to increase that interest. Some homemade currency which were issuing there tokens already closed 6 month ago. So it's artifical boom for another....
cryptos are like fancy toys anyone can make his own crypto and start his own market and bump and dump whenever he wants to.
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