To use chat, please login.
Back to contacts

Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Jan 17 2018 at 17:17
1356 posts
Don't get involved.
If it sounds too good to be true, it probably is.

kieran (snapdragon1970)
Jan 17 2018 at 17:35
1946 posts
I would say there are a lot of buy orders at 10k with stops sitting just below,sitting ducks for whales.
"They mistook leverage with genius".
Matt (BluePanther)
Jan 17 2018 at 18:11
1356 posts
‘This can’t be happening’: Suffering and schadenfreude in crypto community (17 Jan, 2018)
Matt (BluePanther)
Jan 19 2018 at 07:44
1356 posts
Bitcoin more likely to ‘totally collapse’ – Robert Shiller (19 Jan, 2018)

US SEC: Bitcoin funds raise 'investor protection issues' - RTRS (19 Jan, 2018)
Matt (BluePanther)
Jan 20 2018 at 14:37
1356 posts
Bitcoin’s recent drop underlines a major fear: fraud in the cryptocurrency market (19 Jan, 2018)

CFTC brings two more cases against bitcoin fraud schemes (19 Jan, 2018)

Now that’s a crypto crash: BitConnect Coin dives 90% as company shuts exchange (17 Jan, 2018)

Why bitcoin is now the biggest bubble in history, in one chart (14 Dec, 2017)

Bitcoin is ‘a bubble that is bound to burst,’ analysts warn (27 Nov, 2017)

$4 Billion Crypto-Promoter Ordered to Halt Fraudulent Sales (4 Jan, 2018)

North Carolina Secretary of State - Cease and Desist Orders (9 Jan, 2018)

SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors (Sept. 25, 2017)

Staff Letter: Engaging on Fund Innovation and Cryptocurrency-related Holdings (18 Jan, 2018)

'Market manipulation 101': Wolf of Wall Street-style 'pump and dump' scams plague cryptocurrency markets (15 Nov, 2018)

Could Bitcoin’s 'Whales' Manipulate the Market? (10 Dec, 2017)

One of the Biggest Crypto Exchanges Goes Dark and Users Are Getting Nervous (13 Jan, 2018)

WALKTHROUGH: How traders 'pump and dump' cryptocurrencies (15 Dec, 2017)

Bitcoin’s Big Compromise Is Unravelling As a Contentious Upgrade Threatens to Split the Network (14 Oct, 2017)

Cryptsy Founder Paul Vernon Speaks Out About Millions in Lost Customer Funds (5 Jul, 2016)
Matt (BluePanther)
Jan 20 2018 at 15:38
1356 posts
SEC shoots down idea of bitcoin ETFs, citing volatility (18 Jan, 2018)

Beware Crypto Traders !! Pump & Dump Group on Telegram (1 Jul, 2017)

Know Your Cryptocurrency Scams: Pump and Dump Cryptocurrencies (Aug, 2017)

China just banned initial coin offerings, calling them illegal fundraising (4 Sep, 2017)

UK finance watchdog warns on ICOs: Be 'prepared to lose your entire stake' (12 Sep, 2017)

Jan 21 2018 at 07:52
1 posts

1) Everybody on Myfxbook has probably seen the newsfeed. No need to copy all of the content here.
2) Everybody knows Google and knows probably how to use it.
3) Everybody knows your point by now, and if they don't they're not interested.
Matt (BluePanther)
Jan 21 2018 at 12:19
1356 posts
Whitepablo posted:

1) Everybody on Myfxbook has probably seen the newsfeed. No need to copy all of the content here.
2) Everybody knows Google and knows probably how to use it.
3) Everybody knows your point by now, and if they don't they're not interested.


To say 'everybody' is to generalise and make a big assumption, especially when you can only really speak for yourself.

I am glad to know you are well-informed. As for 'everybody' else, they may not be as informed as you or I - hence the reason for this thread. This thread will help them by collating much of the important information in one place as an easy resource.

You are welcome to contribute constructively to my thread by sharing relevant content to this thread's purpose.
If cryptocurrency is not a subject you are interested in, I suggest this thread would not be for you.

Thank you for your feedback.

I leave you with this quote: 'Bad men need nothing more to compass their ends, than that good men should look on and do nothing.' Edmund Burke

This thread is the least I can do to highlight the risks inherent with cryptocurrencies, so people are more informed.
Matt (BluePanther)
Jan 21 2018 at 18:10
1356 posts
Forget Tulips: Bitcoin Is The Biggest Bubble In History (18 Jan, 2018)

Don't buy the hype: some proponents still push 'pump and dumps'. Ask the question: who ends up losing their money? It may be you. Learn their arguments: then run a mile the other way!

Extreme Crypto-Trader: If you’re not doing this already, why not??? (Bitcoin down -12%, Flip Trade Portfolio: UP 44%)
Matt (BluePanther)
Jan 21 2018 at 20:58
1356 posts
Goldman Sachs CFO R. Martin Chavez:

'Blockchain will likely be added to the important drivers of innovation in a few years, he said, and will be more important than bitcoin or any of the other cryptocurrencies, or baskets of cryptocurrencies, that have been introduced on exchanges.'

'As far as trading of individual cryptocurrencies goes, there are a number of topics that must first be addressed...'

Now even Goldman Sachs wants in on cryptocurrencies and blockchain (21 Jan, 2018)
Matt (BluePanther)
Jan 22 2018 at 02:37
1356 posts
Matt (BluePanther)
Jan 22 2018 at 05:20
1356 posts
Bitcoin Created by U.S. Government, says Natalya Kaspersky (19 Jan, 2018)

Russian Blogosphere 'Reveals' True Identity of Bitcoin Founder Satoshi Nakamoto (24 Dec, 2017)
Matt (BluePanther)
Jan 22 2018 at 08:16
1356 posts
Matt (BluePanther)
Jan 23 2018 at 00:04
1356 posts
South Korean Banks May Require Crypto Exchanges To Share User Data (22 Jan, 2018)

Leading Indian Banks Suspend Accounts Of Bitcoin Exchanges (22 Jan, 2018)

This troubling stat should put crypto investors on high alert (22 Jan, 2018)

Goldman issues a warning on bitcoin -- and an even bigger warning on Ethereum (22 Jan, 2018)

Crypto Today: Sell-off in crypto space gathers momentum on Monday (22 Jan, 2018)

'Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, impartial ratings can provide,' Weiss Ratings Founder Martin Weiss, said.

Weiss Ratings Set To Grade Cryptocurrencies (22 Jan, 2018)
Matt (BluePanther)
Jan 23 2018 at 15:13
1356 posts
Goldman Sachs Warns High Networth Clients Of Bitcoin Bubble (23 Jan, 2018)

Bitcoin firmer but struggles to take $11,000 as South Korea announces cryptocurrency crackdown (23 Jan, 2018)
Matt (BluePanther)
Jan 26 2018 at 08:52
1356 posts
Most ICOs are unjustified, but soaring due to FOMO (24 Jan, 2018)

Opinion: Bitcoin is crashing and could bottom as low as $2,000 (24 Jan, 2018)

South Korea now requires verified ID to trade cryptocurrencies (23 Jan, 2018)

Stripe To Cease Supporting Bitcoin Payments (24 Jan, 2018)

UBS chairman warns against bitcoin investment as cryptocurrency falls 12% (24 Jan, 2018)

S Korea Issues Guidelines To Curb Virtual Crypto Trading, Money Laundering (24 Jan, 2018)

Bitcoin earns ‘C+’ from ratings agency, while the competition scores higher (24 Jan, 2018)

CFTC Sues Obscure Crypto Scheme 'My Big Coin' for Fraud (24 Jan, 2018)

Russia Drafts Bill To Regulate Cryptocurrency And ICOs (25 Jan, 2018)

Bank of America, Citi, others consider blocking bitcoin purchases with their credit cards (25 Jan, 2018)
Jan 29 2018 at 14:33
174 posts
I personally trade stocks/companies that are in the blockchain technology arena but not in the currency side of things. Blockchain tech is around to stay I believe, the currencies are yet to be determined so if you are looking for less risk, go with the technology side that is useful to companies.
See my profile or message me for my latest EA
Jan 31 2018 at 07:59
21 posts
I said earlier that bitcoin had to survive for a couple of years. But his turnovers are growing. And it scares me. I do not know what will happen in a few years. But while I'm not ready to trade bitcoin.
Jan 31 2018 at 15:42
13 posts
That boat has already sailed anyway
Matt (BluePanther)
Feb 01 2018 at 04:23
1356 posts
Please login to comment .