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Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Feb 01 2018 at 05:15
1356 posts
Matt (BluePanther)
Feb 03 2018 at 07:30
1356 posts
What are some of my best options to recoup the money I have put in my investment in cryptocurrency? I've put in about two thousand of my stash away money which I want to recoup since I'm holding on to my shares for a minimum of a year? (31 Dec, 2017)

https://www.quora.com/What-are-some-of-my-best-options-to-recoup-the-money-I-have-put-in-my-investment-in-cryptocurrency-Ive-put-in-about-two-thousand-of-my-stash-away-money-which-I-want-to-recoup-since-Im-holding-on-to-my-shares-for-a-minimum-of-a-year
Matt (BluePanther)
Feb 03 2018 at 09:41
1356 posts
Opinion: Why these early retirees won’t touch bitcoin or other cryptos — and neither should you (2 Feb, 2018)
https://www.marketwatch.com/story/why-these-early-retirees-wont-touch-bitcoin-or-other-cryptos-and-neither-should-you-2018-02-02

Worries Grow That the Price of Bitcoin Is Being Propped Up (31 Jan, 2018)
https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html

Bitcoin briefly tumbles below $8,000, as cryptos crater (2 Feb, 2018)
https://www.marketwatch.com/story/no-letup-for-bitcoin-as-cryptocurrency-drops-further-below-9000-2018-02-02
Matt (BluePanther)
Feb 05 2018 at 13:30
1356 posts
Bitcoin drops below $8,000 after another bank ban on credit-card buying hits (5 Feb, 2018)
https://www.marketwatch.com/story/bitcoin-drops-below-8000-after-another-bank-ban-on-credit-card-buying-hits-2018-02-05

Cryptocurrencies resume sell-off, Bitcoin down to test $ 8k mark (5 Feb, 2018)
https://www.fxstreet.com/news/cryptocurrencies-resume-sell-off-bitcoin-down-to-test-8k-mark-201802050700
Matt (BluePanther)
Feb 06 2018 at 03:34
1356 posts
Bitcoin plummets below $7,000, hits 2-month low (5 Feb, 2018)
https://www.marketwatch.com/story/bitcoin-plummets-below-7000-hits-2-month-low-2018-02-05

Cryptocurrency hearing will have SEC, CFTC chiefs trying to juggle allowing innovation with protection against fraud (5Feb, 2018)
https://www.marketwatch.com/story/cryptocurrency-hearing-will-have-sec-cftc-chiefs-trying-to-juggle-allowing-innovation-with-protection-against-fraud-2018-02-05

Crypto has a bad case of the Mondays, Bitcoin dips below 7,000 (5Feb, 2018)
https://www.fxstreet.com/news/crypto-has-a-bad-case-of-the-mondays-bitcoin-dips-below-7-000-201802052232
Matt (BluePanther)
Feb 06 2018 at 05:23
1356 posts
Matt (BluePanther)
Feb 06 2018 at 23:36
1356 posts
Bitcoin Trades Below $6,000 Briefly, Lowest In 3 Months (6 Feb, 2018)
https://www.rttnews.com/story.aspx?Id=2859429

Bitcoin savaged by BIS as ‘a bubble, Ponzi scheme and an environmental disaster’ (6 Feb, 2018)
https://www.cnbc.com/2018/02/06/bitcoin-and-cryptocurrencies-are-ponzi-bubbles-says-bis.html

Some striking similarities in principles can be applied to cryptocurrency:

Opinion: The stock market’s plunge isn’t the sound of a bubble bursting (5 Feb, 2018)
https://www.marketwatch.com/story/heres-some-good-news-about-the-stock-markets-plunge-2018-02-05

Follow-on:

Opinion: The chance of a bitcoin crash is greater than 80% (29 Nov, 2017)
https://www.marketwatch.com/story/the-chance-of-a-bitcoin-crash-is-greater-than-80-2017-11-27
Toothed
Feb 07 2018 at 06:38
10 posts
It doesn't matter if no retailer accepts bitcoin. It is not really a currency it is an investment commodity
Matt (BluePanther)
Feb 07 2018 at 22:01
1356 posts
Economist Roubini: 'Crypto Crazies' Are 'Cyber Terrorists' (6 Feb, 2018)
https://www.coindesk.com/economist-roubini-cryptocrazies-cyber-terrorists/

Most cryptocurrencies are heading to zero, says Goldman analysts (7 Feb, 2018)
https://www.marketwatch.com/story/most-cryptocurrencies-are-heading-to-zero-says-goldman-analysts-2018-02-07

Australia To Ban Cryptocurrency Gambling (7 Feb, 2018)
https://www.rttnews.com/story.aspx?Id=2860213

Winklevoss: If you can’t see bitcoin at $320,000, you just lack imagination (7 Feb, 2018)
https://www.marketwatch.com/story/winklevoss-if-you-cant-see-bitcoin-at-320000-you-just-lack-imagination-2018-02-07


Attachments:

kieran (snapdragon1970)
Feb 07 2018 at 22:40
1948 posts
Bitcoin could become a ‘leading indicator for broader financial markets and risk appetite,’ Morgan Stanley speculates
"They mistook leverage with genius".
Matt (BluePanther)
Feb 07 2018 at 22:49
1356 posts
snapdragon1970 posted:
Bitcoin could become a ‘leading indicator for broader financial markets and risk appetite,’ Morgan Stanley speculates

Yes, it very well could... though perhaps an exaggerated leading indicator of risk appetite. There is a bubble of global liquidity that is searching for the easiest outlet... it seems to have found it now in ICOs and cryptocurrency.

The Emperor's New Coins: How Initial Coin Offerings Fueled A $100 Billion Crypto Bubble (10 July, 2017)
https://www.forbes.com/sites/laurashin/2017/07/10/the-emperors-new-coins-how-initial-coin-offerings-fueled-a-100-billion-crypto-bubble/#590614b86ece


Attachments:

kieran (snapdragon1970)
Feb 07 2018 at 23:22
1948 posts
BluePanther posted:
snapdragon1970 posted:
Bitcoin could become a ‘leading indicator for broader financial markets and risk appetite,’ Morgan Stanley speculates

Yes, it very well could... though perhaps an exaggerated leading indicator of risk appetite. There is a bubble of global liquidity that is searching for the easiest outlet... it seems to have found it now in ICOs and cryptocurrency.

The Emperor's New Coins: How Initial Coin Offerings Fueled A $100 Billion Crypto Bubble (10 July, 2017)
https://www.forbes.com/sites/laurashin/2017/07/10/the-emperors-new-coins-how-initial-coin-offerings-fueled-a-100-billion-crypto-bubble/#590614b86ece


Interesting,I think a lot of us that came through a few crashes take these crypto's with a large pinch of salt.
"They mistook leverage with genius".
Matt (BluePanther)
Feb 08 2018 at 08:33
1356 posts
World Bank Chief: Cryptocurrencies are basically Ponzi schemes - BBG (8 Feb, 2018)
https://www.fxstreet.com/news/world-bank-chief-cryptocurrencies-are-basically-ponzi-schemes-bbg-201802080650

Reminds me of HYIPs... I lost AUD$120,000 in 2013 with those - good luck with this! (count me out this time TYVM).
mlawson71
Feb 09 2018 at 15:07
1487 posts
Well, whether it’s a bubble or not Facebook decided to play it safe and banned the ads of cryptocurrencies, including bitcoin, initial coin offerings (ICOs) and binary options across its network and partnering sites. (https://www.forexbrokerz.com/news/Facebook-bans-cryptocurrency-ICO-binary-options-ads)
According to the new company policy, “ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency“ are prohibited. The ban will apply to all platforms of the company, including Facebook, Audience Network that places ads on third party apps, and Instagram.
There were a lot of scammers looking for gullible people on FB, I am not surprised they did this.
Matt (BluePanther)
Feb 10 2018 at 03:42
1356 posts
mlawson71 posted:
Well, whether it’s a bubble or not Facebook decided to play it safe and banned the ads of cryptocurrencies, including bitcoin, initial coin offerings (ICOs) and binary options across its network and partnering sites. (https://www.forexbrokerz.com/news/Facebook-bans-cryptocurrency-ICO-binary-options-ads)
According to the new company policy, “ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency“ are prohibited. The ban will apply to all platforms of the company, including Facebook, Audience Network that places ads on third party apps, and Instagram.
There were a lot of scammers looking for gullible people on FB, I am not surprised they did this.

Agreed. Thank you for sharing this information with everyone!
Matt (BluePanther)
Feb 11 2018 at 15:55
1356 posts
Bitcoin: How the skeptics and believers grew so far apart (9 Feb, 2018)
https://www.marketwatch.com/story/bitcoin-how-the-skeptics-and-believers-grew-so-far-apart-2018-02-09

Bitcoin $1 million! Cybersecurity legend John McAfee ramps up NSFW wager (29 Nov, 2017)
https://www.marketwatch.com/story/bitcoin-1-million-cybersecurity-legend-jon-mcafee-ramps-up-his-nsfw-wager-2017-11-29

Opinion: Bitcoin could bankrupt you, but could it trigger a recession? (11 Dec, 2017)
https://www.marketwatch.com/story/theres-no-way-bitcoins-bust-would-trigger-a-recession-2017-12-11

Opinion: Only ‘sheeple’ are buying bitcoin at this point (7 Dec, 2017)
https://www.marketwatch.com/story/only-sheeple-are-buying-bitcoin-at-this-point-2017-12-05
Matt (BluePanther)
Feb 12 2018 at 04:36
1356 posts
Matt (BluePanther)
Feb 13 2018 at 06:20
1356 posts
On Bitcoin and the new futures markets for it, Trader/analyst Gregory Mannarino says, “Right now, Wall Street with its hand on Bitcoin, means to me that it’s going to be gamed. (Bitcoin) It’s very thinly traded, it’s not widely held. Very few people actually hold this, and the bulk of this is held by very few. So, to game Bitcoin through the exchanges, someone out here with deep pockets, like a bank with unlimited fiat currency, could run the biggest pump and dump the world has ever seen with regard to Bitcoin. They are going to play it using the futures market. Wall Street is going to game this. How do we know this? Wall Street games everything.”

Gregory Mannarino - Bitcoin Futures Biggest Pump and Dump Ever (12 Dec, 2017)



Beware these cryptocurrency dangers, say European regulators (12 Feb, 2018)
https://www.marketwatch.com/story/european-watchdogs-warn-consumers-of-virtual-currency-risk-2018-02-12

Bitcoin may not be done collapsing, but it has bounced back from worse (12 Feb, 2018)
https://www.marketwatch.com/story/bitcoin-may-not-be-done-collapsing-but-it-has-bounced-back-from-worse-2018-02-12

New Jersey Issues Cease And Desist Order To Bitstrade (12 Feb, 2018)
https://www.rttnews.com/story.aspx?Id=2861673

Bank of Thailand bans banks and financial institutions from trading in cryptocurrencies (12 Feb, 2018)
https://www.fxstreet.com/news/bank-of-thailand-bans-banks-and-financial-institutions-from-trading-in-cryptocurrencies-201802121007
Matt (BluePanther)
Feb 15 2018 at 20:56
1356 posts
Charlie Munger Calls Bitcoin 'Noxious Poison'; Wants It Destroyed (15 Feb, 2018)
https://www.rttnews.com/story.aspx?Id=2863092

CFTC: Beware cryptocurrency pump-and-dump schemes (15 Feb, 2018)
https://www.marketwatch.com/story/cftc-beware-virtual-currency-pump-and-dump-schemes-2018-02-15
AniLorak
Feb 18 2018 at 07:20
920 posts
BluePanther posted:
Charlie Munger Calls Bitcoin 'Noxious Poison'; Wants It Destroyed (15 Feb, 2018)
https://www.rttnews.com/story.aspx?Id=2863092

CFTC: Beware cryptocurrency pump-and-dump schemes (15 Feb, 2018)
https://www.marketwatch.com/story/cftc-beware-virtual-currency-pump-and-dump-schemes-2018-02-15

I see, right now there have so many pro traders are doing crypto trading; even smartly!
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