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Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Dec 17 2018 at 07:25
1354 posts
Matt (BluePanther)
Dec 19 2018 at 14:29
1354 posts
Vitalik Buterin Bashes Nouriel Roubini: Prominent Economist and Cryptocurrency Skeptic (Oct 15, 2018)
https://blockonomi.com/vitalik-buterin-vs-nouriel-roubini/


Roubini Goes Head-To-Head With Pompliano In Twitter Feud As ‘Bitcoin Buffet Bet 2’ Lives (Dec 12, 2018)
https://bitcoinexchangeguide.com/roubini-goes-head-to-head-with-pompliano-in-twitter-feud-as-bitcoin-buffet-bet-2-lives/

Matt (BluePanther)
Dec 19 2018 at 14:37
1354 posts
Demetriof
Dec 20 2018 at 12:59
7 posts
S&P looks very tempting right now. Looks like it will close down on the year. S&P is a safer bet than crypto I reckon. Lower potential profits but lower risks as well.

Matt (BluePanther)
Dec 21 2018 at 08:57
1354 posts
' In a very accurate review, the CFA Institute says of Bitcoin “Whatever it is, it is not a legitimate investment.” Indeed it is, and then some.

Ever since the pseudonymous and illusive inventor of Bitcoin unleashed what should perhaps be regarded as a rebellious tool for mavericks and anarchists to place a dark and indecipherable peer to peer economy into their untrained hands some 10 years ago, digital currency has left behind a trail of destruction in the form of disappearing virtual exchanges, illicit marketplace seizures, plundering of e-wallets by self-imposed, inexperienced and unregulated ‘exchange’ owners and jail sentences for ponzi and false token schemes.'

' The CFA Institute does not consider Bitcoin as an asset class at all, but instead marks it out as “too inefficient to be a currency.” '

' 'In my view” said one CFA Institute contributor, “most of those who invest in bitcoin are effectively participating in a pyramid scheme either as a future victim or a perpetrator. Some no doubt truly believe that bitcoin will function as a currency for enabling transactions, rather than a “store of value.” But I wonder whether such people truly understand economics, our monetary system, or our business environment.' '

'Just two months ago, Goldman Sachs proved FinanceFeeds correct in stating that it will never engage in any form of cryptocurrency trading.

At that time, we stated that this is enough proof that whilst blockchain-type technology can be institutionalized, digital assets cannot.'

Bitcoin “a pyramid scheme” says CFA Institute (Dec 20, 2018)
https://financefeeds.com/bitcoin-pyramid-scheme-says-cfa-institute/



Matt (BluePanther)
Dec 21 2018 at 08:57
1354 posts
Goldman Sachs proves us right: The institutions will never embrace Bitcoin (Sep 6, 2018)
https://financefeeds.com/goldman-sachs-proves-us-right-institutions-will-never-embrace-bitcoin/


Despite the clamour, Bitcoin has NO CHANCE of becoming a reserve currency – Op Ed (Nov 5, 2015)
https://financefeeds.com/despite-the-clamour-bitcoin-has-no-chance-of-becoming-a-reserve-currency-op-ed/


'Simply, the binary options business was sitting tight and waiting, before doing what the orchestrators of most scams do, reinvent itself as something else which appears to be a ‘too good to miss’ opportunity, and in this case appearing innovative so that it catches the attention of the young bloggers and ‘tech’ publications to propagate it as the next big thing.

Airware – sarcastic software industry terminology used in the late 1990s for a non-existent product – could be an appropriate label for the latest buzzword that is proliferating the internet, that being ICO.'

Binary options ‘ban’ is pure hysteria. The bandits will carry on as normal (Oct 24, 2017)
https://financefeeds.com/binary-options-ban-pure-hysteria-bandits-will-carry-normal/

Matt (BluePanther)
Dec 21 2018 at 08:57
1354 posts
'In terms of opinion, we would strongly advise not to enter into ICO schemes, or crypto-startups of any kind. Yes, Bitcoin may well be a commodity, however there is a huge difference between a properly managed, compliant FX firm in Britain, Australia or America, to a startup touting false tokens in a non-existent scheme to raise capital for a non-existent pipe dream, which when all is over and the money has been stolen, will reduce Bitcoin values to a point at which anyone trading them, broker or client, will catch a very severe cold.

If you as a retail broker want to take the word of a professional for it, simply make a call to one of the few genuine prime of prime brokerages, and see if you can get a liquidity channel for Bitcoin. Not a price feed, an actual liquidity channel where trades can be cleared at prime of prime level. The answer will be no.

FinanceFeeds reached out to senior executives at the firm concerned, and no response was provided.'

Some brokers lost a fortune on crypto currency trading yet have remained silent. Our advice: Stay away (Dec 19, 2017)
https://financefeeds.com/some-brokers-lost-a-fortune-on-crypto-currency-trading-yet-have-remained-silent-our-advice-stay-away/

AmDiab
Dec 23 2018 at 08:00
718 posts
I see, now the uptrend is already started! & the buying momentum is really high. Nice to see, the buyers.

Matt (BluePanther)
Dec 23 2018 at 08:31
1354 posts
AmDiab posted:
I see, now the uptrend is already started! & the buying momentum is really high. Nice to see, the buyers.


Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Dec 23 2018 at 08:32
1354 posts
AmDiab posted:
I see, now the uptrend is already started! & the buying momentum is really high. Nice to see, the buyers.


wrong thread

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