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Reasons why you should NOT trade cryptocurrencies

Wingandprayer
Mar 27 2018 at 13:39
13 posts
That won't kill Forex. Forex trading is here to stay. There are restrictions like that in the US and there are still plenty of Forex traders. Just because there are leverage restrictions it won't stop people putting in money

TiffanyK (TiffanyK)
Mar 28 2018 at 14:16
427 posts
togr posted:
Trading crypto is like driving F1 - lot of adrenalin, lot of profit.
Trading forex is calm and stable income, but boring.

I absolutely agree with this.... :)

Accept the loss as experience
BluePanther (BluePanther)
Mar 28 2018 at 14:45
1353 posts
johndoe2016 posted:
Like I said

https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors

Forex is dead in the EU.

Now crypto will rise.


The link you provided is NOT referring to Spot Forex.
The link you provided refers to DERIVATIVES of Spot Forex, namely CFDs (Contract For Difference) and Binary Options.

An explanation of the difference between Spot Forex and Forex CFDs:
https://money.stackexchange.com/questions/45576/what-is-the-difference-between-spot-forex-trading-and-cfd-forex-trading?utm_medium=organic&utm_source=google_rich_qa&utm_campaign=google_rich_qa

Derivatives are being regulated, and the same approach needs to be taken with cryptocurrency - the sooner the better. Cryptocurrency is currently where Binary Options were five or ten years ago...

(Spot) Forex is not 'dead'. Get your facts straight.

This thread is a collection of cryptocurrency-related articles that illustrate reasons why the 'crypto' market is a pure speculation play, and highlight the risks involved with cryptocurrency. Please contribute articles relevant to this thread's topic.

BluePanther (BluePanther)
Mar 28 2018 at 15:27
1353 posts
SloveniaRules
Mar 29 2018 at 11:12
9 posts
Interesting chart but I would take a 26000% gain one year and a -76% fall the next any day of the week

togr (togr)
Mar 29 2018 at 11:53
4862 posts
BluePanther posted:
Crypto market-cap dips below $300 billion as doom and gloom continues (27 Mar 2018)
https://www.marketwatch.com/story/crypto-market-cap-dips-below-300-billion-as-bitcoin-nears-long-term-support-2018-03-27





You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)

BluePanther (BluePanther)
Apr 01 2018 at 04:04
1353 posts
BluePanther (BluePanther)
Apr 01 2018 at 04:06
1353 posts
togr posted:
You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)


True, the comparison chart only displays partial results for 2018 compared to whole year results for 2017. Early days yet for this year (things may only get worse).

Keep in mind: a loss of 50% requires a gain of 100% to recover.

AmDiab
Apr 11 2018 at 06:50
718 posts
togr posted:
BluePanther posted:
Crypto market-cap dips below $300 billion as doom and gloom continues (27 Mar 2018)
https://www.marketwatch.com/story/crypto-market-cap-dips-below-300-billion-as-bitcoin-nears-long-term-support-2018-03-27





You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)


Maybe, it will! But, right now it’s under 7000 USD. Really frustrating.

togr (togr)
Apr 11 2018 at 13:43
4862 posts
AmDiab posted:
togr posted:
BluePanther posted:
Crypto market-cap dips below $300 billion as doom and gloom continues (27 Mar 2018)
https://www.marketwatch.com/story/crypto-market-cap-dips-below-300-billion-as-bitcoin-nears-long-term-support-2018-03-27





You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)


Maybe, it will! But, right now it’s under 7000 USD. Really frustrating.


Do you know in JAN 17 it was under 1,000 :)
at $880

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