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Reasons why you should NOT trade cryptocurrencies

Raymond7456
Mar 16 2020 at 12:04
3 posts
It’s still not clear what caused such a failure of Bitcoin.


Matt (BluePanther)
Mar 16 2020 at 12:14
1354 posts
Raymond7456 posted:
It’s still not clear what caused such a failure of Bitcoin.


See earlier posts this thread, especially:

BluePanther posted:
Bitcoin pumpers forced to admit it’s not digital gold (FEB 26, 2020)
www.dprogram.net/peter-schiff/bitcoin-pumpers-forced-to-admit-its-not-digital-gold

Sacha36454
Mar 16 2020 at 12:59
4 posts
Thorgahuginn posted:
Hmm, there are bright fans of these assets among my acquaintances, particularly Bitcoin, but there are also those who never trade this asset. It seems to me that a lot depends on personal preferences and experience, and only you should decide whether it was worth it or not;

I agree with your thoughts, Bitcoin is a specific currency and not everyone likes to trade it. For an amateur. But I personally signs with many people who have made good money on bitcoin.


Ethan63446372
Mar 16 2020 at 13:50
3 posts
Sacha36454 posted:
Thorgahuginn posted:
Hmm, there are bright fans of these assets among my acquaintances, particularly Bitcoin, but there are also those who never trade this asset. It seems to me that a lot depends on personal preferences and experience, and only you should decide whether it was worth it or not;

I agree with your thoughts, Bitcoin is a specific currency and not everyone likes to trade it. For an amateur. But I personally signs with many people who have made good money on bitcoin.

Yes and yes again. This is an artificially deboned market. I don’t know to whom only this can be beneficial.

Matt (BluePanther)
Mar 16 2020 at 14:05
1354 posts
Thorgahuginn posted:
Hmm, there are bright fans of these assets among my acquaintances, particularly Bitcoin, but there are also those who never trade this asset. It seems to me that a lot depends on personal preferences and experience, and only you should decide whether it was worth it or not;


Sacha36454 posted:
I agree with your thoughts, Bitcoin is a specific currency and not everyone likes to trade it. For an amateur. But I personally signs with many people who have made good money on bitcoin.


Ethan63446372 posted:
Yes and yes again. This is an artificially deboned market. I don’t know to whom only this can be beneficial.

Thank you for contributing, but please include references (hyperlinks to articles, information) and ensure you provide material related to the subject of this thread: Reasons why you should NOT trade cryptocurrency.

There are many other places to support cryptocurrency, but the risks are not always so easy to find. That is the purpose of this thread.

Nil2589
Mar 16 2020 at 15:43
10 posts
Because it is unstable currency. Because of high volatility. It is rather an unjustified risk to trade on crypto...

Gavinrarad
Apr 02 2020 at 19:10
17 posts
Very big volatility is a big main reason for everything else out there completely and entirely. It's not stable and not backed by something thus why totally unpredictable in any possible case absolutely.

Matt (BluePanther)
Apr 03 2020 at 05:00
1354 posts
Crypto Exchange volumes are fake?
(listen from 16:00)


diskdillinger
Apr 03 2020 at 12:38
9 posts
For me the main reason not to trade crypto is that the bubble has burst and since then there has basically been no interest in pushing price back up to the 20k levels. Previously BTC has huge upside potential which made up for the huge risk that it would go to zero. The upside potential no longer exists but there is still downside risk.

Matt (BluePanther)
Apr 05 2020 at 12:58
1354 posts
23:00 'Bitcoin was launched in 2009 by the same people who destroyed the banking with their greed.'
Listen from 23:00 onwards...



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