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Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
14,761 Views
490 Replies
Member Since May 05, 2017   15 posts
Jun 25, 2018 at 11:54
Does anyone know if ESMA affect crypto or is that just Forex?
Member Since Jan 25, 2010   1360 posts
Jun 25, 2018 at 12:50 (edited Jun 25, 2018 at 12:55)
MyNewBank posted:
Does anyone know if ESMA affect crypto or is that just Forex?

ESAS WARN CONSUMERS OF RISKS IN BUYING VIRTUAL CURRENCIES (12 Feb 2018)
https://www.esma.europa.eu/press-news/esma-news/esas-warn-consumers-risks-in-buying-virtual-currencies

New ESMA Measures Impose 2:1 Restriction on Leverage for Crypto CFDs (Mar 31, 2018)
https://news.bitcoin.com/esma-measures-impose-21-restriction-leverage-crypto-cfds/
Member Since Mar 02, 2017   50 posts
Jun 26, 2018 at 06:36
Start trading on Small money means, trade what you can afford to lose...
Trade safely... Remember, a high Drawdown means a high risk!
Member Since Jan 25, 2010   1360 posts
Jul 01, 2018 at 06:28 (edited Jul 01, 2018 at 06:30)
Bitcoin’s meteoric fall means calls for rallies to $25,000 by year-end are in dire jeopardy (30 June, 2018)
https://www.marketwatch.com/story/bitcoins-plunge-means-one-thing-calls-for-rallies-to-25000-by-year-end-are-fadingfast-2018-06-29
Member Since Jan 25, 2010   1360 posts
Jul 01, 2018 at 08:06
Alibaba's Jack Ma Supports Blockchain, But Warns Of Potential Bitcoin Bubble (27 June, 2018)
https://www.rttnews.com/2908688/alibaba-s-jack-ma-supports-blockchain-but-warns-of-potential-bitcoin-bubble.aspx?refresh=1

India's Zebpay Crypto Exchange Warns Fiat Withdrawals Could Stop (25 June, 2018)
https://www.rttnews.com/2908038/india-s-zebpay-crypto-exchange-warns-fiat-withdrawals-could-stop.aspx?type=cryp

Australia & New Zealand Central Banks Unimpressed With Cryptocurrencies (26 June, 2018)
https://www.rttnews.com/2908485/australia-new-zealand-central-banks-unimpressed-with-cryptocurrencies.aspx?type=cryp
Member Since Jun 21, 2018   10 posts
Jul 01, 2018 at 12:42
So do you think that crypto regulation will start to kill it off?
Member Since Jan 25, 2010   1360 posts
Jul 01, 2018 at 16:07
SpacePower posted:
So do you think that crypto regulation will start to kill it off?

...if it hasn't already! 😉
Member Since Jan 25, 2010   1360 posts
Jul 03, 2018 at 07:07
Member Since Jan 25, 2010   1360 posts
Jul 03, 2018 at 17:03 (edited Jul 03, 2018 at 17:09)
Major Korean Crypto Exchange: $31 Million Vanishes (20 June, 2018)
https://news.bitcoin.com/korean-major-crypto-exchange-hacked-us-31-5-million-gone/

Turcoin Ponzi Scheme Exposed, Founders Flee with Millions (19 June, 2018)
https://news.bitcoin.com/turcoin-ponzi-scheme-exposed-founders-flee-with-millions/
Member Since Jan 25, 2010   1360 posts
Jul 03, 2018 at 17:37
Why 70% of ICO Tokens Are Not Exchange Listed and Probably Never Will Be (29 June, 2018)
https://news.bitcoin.com/why-70-of-ico-tokens-are-not-exchange-listed-and-probably-never-will-be/
Member Since Feb 12, 2016   522 posts
Jul 11, 2018 at 15:01
The cryptocurrencies are high-risk trading instruments. This is why the spreads usually are very wide and the margin is too high. Not in my style :)
Member Since Jul 12, 2018   12 posts
Jul 12, 2018 at 09:56
Crypto is more of an investment product than a trading product. I treat it like gold or oil
Member Since Jan 25, 2010   1360 posts
Jul 13, 2018 at 07:42
ChristianWay posted:
Crypto is more of an investment product than a trading product. I treat it like gold or oil

Crypto is more of a scam than an investment product. I treat it like HYIPs or binary options.
Member Since Dec 28, 2013   171 posts
Jul 15, 2018 at 04:57
The most useful way for cryptocurrencies would have been its use as an alternative payment method for those concerned with the privacy issues. But now since its value is fluctuating so heavily it is not good even for that. No question about owning it.
Member Since Jan 25, 2010   1360 posts
Jul 15, 2018 at 08:10
ChristianWay posted:
Crypto is more of an investment product than a trading product. I treat it like gold or oil

Crypto is more of a scam than an investment product. I treat it like HYIPs or Binary Options.

This is the second time I am posting this. Someone deleted my first post (seems they didn't like my analogy of crypto).
Member Since Aug 27, 2017   994 posts
Jul 16, 2018 at 05:46
BluePanther posted:
ChristianWay posted:
Crypto is more of an investment product than a trading product. I treat it like gold or oil

Crypto is more of a scam than an investment product. I treat it like HYIPs or Binary Options.

This is the second time I am posting this. Someone deleted my first post (seems they didn't like my analogy of crypto).

Maybe you are right; but I see day by day the popularity of crypto has been increasing gradually whole over the world.
Member Since Jan 25, 2010   1360 posts
Jul 16, 2018 at 07:20
Adribaasmet posted:
Maybe you are right; but I see day by day the popularity of crypto has been increasing gradually whole over the world.

'Whatever the reason, they’ve now become the latest in a reverse 2014 trend where global companies that begun accepting bitcoin for payment now drop the digital currency.'

https://www.trustnodes.com/2018/06/27/expedia-stops-accepting-bitcoin-payments
Member Since Jul 12, 2018   19 posts
Jul 16, 2018 at 11:44
Adribaasmet posted:
BluePanther posted:
ChristianWay posted:
Crypto is more of an investment product than a trading product. I treat it like gold or oil

Crypto is more of a scam than an investment product. I treat it like HYIPs or Binary Options.

This is the second time I am posting this. Someone deleted my first post (seems they didn't like my analogy of crypto).

Maybe you are right; but I see day by day the popularity of crypto has been increasing gradually whole over the world.
You are right cryptocurrencies are gaining popularity day by day, Forex traders are showing more interest in crypto trading. That is the reason why the topic is being discussed here.
Member Since Aug 27, 2017   994 posts
Jul 17, 2018 at 10:57
I see, there have so many account’s link in there, but the problem is; more than 80% account are too young; even less than 3 months.
Member Since Jul 12, 2018   19 posts
Jul 18, 2018 at 07:07
Adribaasmet posted:
I see, there have so many account’s link in there, but the problem is; more than 80% account are too young; even less than 3 months.
I didn't get your point why you are saying that 80% accounts are young, I mean what you actually want to say.
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