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Reasons why you should NOT trade cryptocurrencies

AniLorak
Nov 29 2018 at 14:41
920 posts
Crypto currency doesn’t mean only BTC. There have so many coins; so I think, there have a good future for crypto.

jamesgwyther
Nov 29 2018 at 14:48
289 posts
Paquito posted:
Already got a strong bounce from BTC up $1000 in a couple of days. Could be the start of a rally up to $20,000 again.


Every time Bitcoin has a small rally someone says it is going to $20k again lol

Matt (BluePanther)
Nov 29 2018 at 14:48
1354 posts
togr posted:
Once again - my last comment.
BTCUSD is at $4,000.
What does it mean? If you
bought at $20,000 and sold today you lost a lot.
bought at 1,000 and sold today you make a lot.
If you are holder than hodl.

Imagine selling it at 20,000 and buying e.g. XRP. That could make a lot of profit. yeah time machine - but that does apply even to physical asset like gold.
If you bought GOLD for 1,200 at JAN 2017 and sell today you get zero profit or loss:)
All assets price is changing. EUR drop a lot of value as well.
It is up to you to make profit at the end. Or accept small loss.


Amazing. I do not know what to say.
Great reason not to trade cryptocurrency?
Thanks for your contribution.

Matt (BluePanther)
Nov 29 2018 at 14:49
1354 posts
togr posted:
Check this out BTW


Yeah, completely understand.
What goes up must come down... eventually.
Thanks!

Matt (BluePanther)
Nov 29 2018 at 14:49
1354 posts
AniLorak posted:
Crypto currency doesn’t mean only BTC. There have so many coins; so I think, there have a good future for crypto.


The same with penny-stocks: so many they must all have a good future.
You had better invest in all of them.
A wise investment decision.

Matt (BluePanther)
Dec 02 2018 at 07:29
1354 posts
Hunker down, crypto owners, the worst is yet to come: Fred Wilson (Nov 29, 2018)
https://www.marketwatch.com/story/hunker-down-crypto-owners-the-worst-is-yet-to-come-fred-wilson-2018-11-29?siteid=rss&rss=1


Bitcoin at odds with economic laws - Paul Donovan from UBS (Nov 29, 2018)
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-at-odds-with-economic-laws-paul-donovan-from-ubs-201811290911


Whither Bitcoin? A Review of Past Cycles for the World’s Oldest Cryptocurrency (Nov 29, 2018)
https://www.fxstreet.com/cryptocurrencies/news/whither-bitcoin-a-review-of-past-cycles-for-the-worlds-oldest-cryptocurrency-201811291444


The wild fluctuations in value is not a desirable characteristic of a ubiquitous stable method of exchange.
The historical performance is more akin to 'pump-and-dumps' and/or ponzi schemes.

jamesgwyther
Dec 02 2018 at 07:30
289 posts
Just trade it both ways :)

AmDiab
Dec 02 2018 at 07:31
718 posts
BluePanther posted:
AniLorak posted:
Crypto currency doesn’t mean only BTC. There have so many coins; so I think, there have a good future for crypto.


The same with penny-stocks: so many they must all have a good future.
You had better invest in all of them.
A wise investment decision.


Yes; but I am more excited on crypto. Even I see, so many impressive new coins.

Matt (BluePanther)
Dec 03 2018 at 07:33
1354 posts
AmDiab posted:
Yes; but I am more excited on crypto. Even I see, so many impressive new coins.


What are you waiting for? Just buy it already!

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