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Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Dec 04 2018 at 13:39
1354 posts
John McAfee Among Defendants Named in Pump and Dump Lawsuit (Oct 3, 2018)
https://www.financemagnates.com/cryptocurrency/news/john-mcafee-among-defendants-named-in-pump-and-dump-lawsuit/


Settlements should award $0 damages to those that that got scammed.
The risks are CONSPICUOUSLY obvious to any sensible investor.

Matt (BluePanther)
Dec 05 2018 at 08:00
1354 posts
togr posted:
There are more cryptos to trade than just BTCUSD
While BTCUSD is had dropped a lot there are other interesting pairs where you can still buy


jamesgwyther posted:
Just trade it both ways :)


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


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.


AniLorak posted:
Crypto currency doesn’t mean only BTC. There have so many coins; so I think, there have a good future for crypto.


Vali12 posted:
Guys, how do you think, what is the difference in dependencies of currency and cryptocurrence markets?


How are these 'reasons why you should NOT trade crypto'?
Read the THREAD TITLE. Read the FIRST POST.

This thread is NOT A DISCUSSION.
This thread is simply a collection of negative reasons that traders should consider before they pursue crypto.

Please post in Leo23's thread if you want to discuss the viability of trading crypto.

jamesgwyther
Dec 06 2018 at 15:33
289 posts
Matt (BluePanther)
Dec 06 2018 at 15:55
1354 posts
IG Client Sentiment: Contrarian Bias













Attachments:


kieran (snapdragon1970)
Dec 06 2018 at 18:09
1944 posts
5 nice trades to choose from ,that will keep you busy till close.

"They mistook leverage with genius".
Matt (BluePanther)
Dec 09 2018 at 08:02
1354 posts
'...For many of them, including not a few on this boat, screwing over other people for your own gain is not just a side effect of economic philosophy, or proof of concept. It is a sacred calling. To them, the presence of thieves and Ponzi scheme dealers means the new free market is thriving.'


'...This is no less bonkers and a lot more good-hearted than the five talks I’ve just sat through where people in suits declared, and I am barely paraphrasing, that bitcoin will go up forever, taking everyone in the room with it until we leave this mortal plane and ascend into the ionosphere where ICOs rain chocolate money and there is no death.'


Four Days Trapped at Sea With Crypto’s Nouveau Riche (DEC 5, 2018)
https://breakermag.com/trapped-at-sea-with-cryptos-nouveau-riche/

SaltaLargo
Dec 10 2018 at 13:26
11 posts
The sentiment charts are very interesting but I do not understand why 'we take a contrarian view to crowd sentiment'? Surely if everyone is buying then this means that price will go up? Please explain as I do not understand

Matt (BluePanther)
Dec 11 2018 at 07:35
1354 posts
SaltaLargo posted:
The sentiment charts are very interesting but I do not understand why 'we take a contrarian view to crowd sentiment'? Surely if everyone is buying then this means that price will go up? Please explain as I do not understand


You need to educate yourself:
1. Watch this video:
2. Read this article: https://optimusfutures.com/tradeblog/archives/3-tips-to-trading-unpredictable-markets/

... this explains why there are usually buyers and sellers willing to participate at most price levels. If this was not the case, we would really just be witnessing large gaps and erratic price action. In fact, you should find merit in this case as you compare a liquid futures market to an illiquid one that has fewer participants. The illiquid markets will have more gaps and volatility with more unpredictable price action.

Matt (BluePanther)
Dec 16 2018 at 11:07
1354 posts
Nouriel Roubini @Nouriel
'Your pseudo logic is totally idiotic. Yes I am not a scatologist buying cans of shitcoins worth 0 or rather negative with their environmental externalities. It is an investment choice: I am not a masochist HODLer losing 95% of my wealth in a year. Get a life u conflicted lakey'

Cryptos or the S&P? A $1-million ‘Buffett Bet 2.0’ is brewing as Twitter feud erupts (Dec 10, 2018)
https://www.marketwatch.com/story/cryptos-or-the-sp-a-1-million-buffett-bet-20-is-brewing-as-twitter-feud-erupts-2018-12-10


Bitcoin fans troll Warren Buffett with ‘Rat Poison Squared’ clothing line (May 15, 2018)
https://www.marketwatch.com/story/bitcoin-fans-troll-warren-buffett-with-rat-poison-squared-clothing-line-2018-05-15


Opinion: Heed Warren Buffett’s warning: Bitcoin is pure FOMO (Feb 10, 2018)
https://www.marketwatch.com/story/heed-warren-buffetts-warning-bitcoin-is-pure-fomo-2017-12-26

AniLorak
Dec 16 2018 at 11:19
920 posts
BluePanther posted:
togr posted:
There are more cryptos to trade than just BTCUSD
While BTCUSD is had dropped a lot there are other interesting pairs where you can still buy


jamesgwyther posted:
Just trade it both ways :)


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


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.


AniLorak posted:
Crypto currency doesn’t mean only BTC. There have so many coins; so I think, there have a good future for crypto.


Vali12 posted:
Guys, how do you think, what is the difference in dependencies of currency and cryptocurrence markets?


How are these 'reasons why you should NOT trade crypto'?
Read the THREAD TITLE. Read the FIRST POST.

This thread is NOT A DISCUSSION.
This thread is simply a collection of negative reasons that traders should consider before they pursue crypto.

Please post in Leo23's thread if you want to discuss the viability of trading crypto.


I think, only long term trading is possible in crypto industry till now!

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