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Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Apr 18 2018 at 00:43
1358 posts
Matt (BluePanther)
Apr 27 2018 at 09:02
1358 posts
Matt (BluePanther)
Apr 27 2018 at 16:39
1358 posts
niceGLer
Apr 27 2018 at 19:22
170 posts
I thought trading bitcoin would be a nice plan for a weekend while forex exchanges are closed. It proved wrong for a couple of reasons. Cryptocurrencies are very volatile in all time frames, and they are very unpredictable, too. The spread is unbearably high with my broker, which prevents scalping. One simply cannot use technical indicators with at least BTCUSD.
Hzardous
Apr 28 2018 at 22:09
19 posts
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing
Never Miss an Opportunity
Matt (BluePanther)
Apr 29 2018 at 08:51
1358 posts
Hzardous posted:
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing

Are you insinuating HODL is any better? Good luck with that sir. 😁
Hzardous
Apr 29 2018 at 13:04
19 posts
My friend... Trend will always be my friend
Never Miss an Opportunity
Adribaasmet
Apr 30 2018 at 06:13
994 posts
Hzardous posted:
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing

Crypto currency is much challenging, I see so many traders already lost a huge amount of money in 2018, because they expected such a bullish move here as like 2017.
Matt (BluePanther)
May 15 2018 at 18:47
1358 posts
balut
May 16 2018 at 01:39
2 posts
BluePanther posted:
 
Cryptocurrencies will be banned on a global scale (16 May 2018)
https://secure.caseyresearch.com/chain?cid=MKT355976&eid=MKT359555&encryptedSnaid=&snaid=&step=start

I'm not sure about banning but maybe they can regulate it because the cryptocurrency is also useful in some areas like anonymity. I know that Google will ban all cryptocurrency advertisement in July 2018 which is good to elimiate those ponzi scheme advertisement link to Bitcoin. I still believe that cryptocurrency specially Bitcoin that it's a great e-currency but worst as an investment.
Matt (BluePanther)
May 17 2018 at 19:57
1358 posts
'Raymond Merriman, president of Arizona-based Merriman Market Analyst — which bases market timing services for independent traders on astrological and other factors — said he expects bitcoin BTCUSD, -1.45% to fall to a new low before March 6, 2019, because Uranus will bounce back into Aries later this year before moving fully into Taurus on March 6. He told his clients they should not buy bitcoin unless it drops below 77% of its high of nearly $20,000 in December 2017. Bitcoin was worth $8,200 when this story was published, but Merriman expects it to drop to between $4,400 and $1,300 based astrology alone.'

People are buying bitcoin — because their horoscope said so (17 May 2018)
https://www.marketwatch.com/story/people-are-buying-bitcoin-because-their-horoscope-said-so-2018-05-17
Matt (BluePanther)
May 17 2018 at 20:39
1358 posts
balut posted:
BluePanther posted:
 
Cryptocurrencies will be banned on a global scale (16 May 2018)
https://secure.caseyresearch.com/chain?cid=MKT355976&eid=MKT359555&encryptedSnaid=&snaid=&step=start

I'm not sure about banning but maybe they can regulate it because the cryptocurrency is also useful in some areas like anonymity. I know that Google will ban all cryptocurrency advertisement in July 2018 which is good to elimiate those ponzi scheme advertisement link to Bitcoin. I still believe that cryptocurrency specially Bitcoin that it's a great e-currency but worst as an investment.

You were saying?...

European Union Approves Regulation To Combat Cryptocurrency Anonymity (17 May 2018)
https://www.ethnews.com/european-union-moves-against-cryptocurrency-anonymity

FEDS EYEING REGULATIONS TO HIT ANONYMITY OF CRYPTOCURRENCY (17 May 2018)
https://bitcoinist.com/feds-eyeing-regulations-to-hit-anonymity-of-cryptocurrency/
Matt (BluePanther)
May 17 2018 at 21:47
1358 posts
Matt (BluePanther)
May 23 2018 at 00:29
1358 posts
AI and BitCoin...
Is this true? Is BitCoin a good thing or a bad thing?

Matt (BluePanther)
Jun 19 2018 at 07:29
1358 posts
JamesAnderson
Jun 21 2018 at 10:53
31 posts
Mistakes to Avoid Trade Cryptocurrencies

- Failing to keep up with information
- Investing everything at once
- Investing without an exit strategy
- Getting carried away by coin publicity
- Don’t put all of your eggs in one basket
- Start trading on Small money
StanfordB
Jun 22 2018 at 09:11
10 posts
What do you mean by 'Start trading on Small money '. I like all the other points though
Matt (BluePanther)
Jun 22 2018 at 10:17
1358 posts
StanfordB posted:
What do you mean by 'Start trading on Small money '. I like all the other points though

I suppose invest according to your risk appetite: more investment = more risk.

@JamesAnderson Thank you for contributing.
Matt (BluePanther)
Jun 24 2018 at 21:28
1358 posts
Crypto-Collapse Resumes After Japan's Largest Exchange Halts Account Creation (23 June 2018)
https://protradingresearch.com/2018/06/22/crypto-collapse-resumes-after-japans-largest-exchange-halts-account-creation/

Cryptos tumble after Japanese exchanges ordered to improve practices (22 June 2018)
https://www.marketwatch.com/story/cryptos-tumble-on-news-japanese-exchanges-ordered-to-improve-practices-2018-06-22
Adribaasmet
Jun 25 2018 at 06:12
994 posts
StanfordB posted:
What do you mean by 'Start trading on Small money '. I like all the other points though

May be, start the live trading with a ordinary trading balance since almost 98% new traders lose their 1st account.
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