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Reasons why you should NOT trade cryptocurrencies
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Adribaasmet

Member Since Aug 27, 2017  116 posts Adribaasmet Dec 18 2017 at 09:53
I think, the uptrend on crypto currencies is unrealistic; not enough reversal pattern! That’s way, till now I am not trading on there.

BluePanther

Member Since Jan 25, 2010  823 posts Matt (BluePanther) Dec 18 2017 at 13:36 (edited Dec 18 2017 at 13:37 )
Bitcoin futures trade near $20,000 in debut on world’s biggest exchange

https://www.marketwatch.com/story/bitcoin-futures-debut-on-worlds-biggest-exchange-at-20000-then-pull-back-2017-12-18

“Introducing futures contracts in the U.S. was meant to give short-sellers access to the market and improve liquidity, but availability is still fairly restricted,” said Lee Wild, head of equity strategy at Interactive Investor, in a note to clients. “The introduction of bitcoin futures on the Chicago Mercantile Exchange over the weekend may help, but it will take time.”

The ability to place a short bet on bitcoin without having to first borrow the underlying security is one of the appeals of the futures market. Trading volumes on the Cboe have been fairly low, which to some observers isn’t much of a surprise as the initial margin required to get exposure on both Cboe and CME is so big participation is largely dominated by institutional and high net-worth traders.

What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
BluePanther

Member Since Jan 25, 2010  823 posts Matt (BluePanther) Dec 18 2017 at 13:51
'The most popular conversions of Bitcoin are BTC/Indian rupee BTC/Nigerian naira BTC/Indonesian rupiah.'

What? Some of the most worthless fiat currencies are backing up the BTC at the moment. I'm keeping my AUD then.



What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
VladoIvo

Member Since Nov 16, 2017  8 posts VladoIvo Dec 18 2017 at 14:43
I wish I had got in to Crypto earlier but the train has already left the station and it is way to risk to trade now

BluePanther

Member Since Jan 25, 2010  823 posts Matt (BluePanther) Dec 19 2017 at 12:26 (edited Dec 19 2017 at 12:39 )
'We saw it drop 21% from November 8 through November 12.

And bitcoin doesn’t produce anything. Its price is based purely on what other people want to pay for it. And when people aren’t willing to pay that next price hike — and we will finally reach that point — bitcoin’s price will tumble.

At its heart, bitcoin is a speculation. It’s a bet. It’s a chance to risk a sum of money on the belief that something will happen.

You see that? Speculation. Bet. Risk.

Those aren’t words that you’d normally associate with a safe haven investment.'

https://banyanhill.com/gold-vs-bitcoin-invest/


ING... is this block chain technology at work?




What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
BluePanther

Member Since Jan 25, 2010  823 posts Matt (BluePanther) Dec 19 2017 at 12:45

What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
BluePanther

Member Since Jan 25, 2010  823 posts Matt (BluePanther) Dec 20 2017 at 14:25
First this...



Then this...



Watch out!

What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
togr

Member Since Feb 22, 2011  3578 posts vontogr (togr) Dec 21 2017 at 08:51
BluePanther posted:
'The most popular conversions of Bitcoin are BTC/Indian rupee BTC/Nigerian naira BTC/Indonesian rupiah.'

What? Some of the most worthless fiat currencies are backing up the BTC at the moment. I'm keeping my AUD then.




It is quite logical
that people from countries where there is weak fiat currency and hyperinflation
look to BTC as saviour

I like what I trade, I trade what I like
AmDiab

Member Since Apr 18, 2017  243 posts AmDiab Dec 21 2017 at 16:52
VladoIvo posted:
I wish I had got in to Crypto earlier but the train has already left the station and it is way to risk to trade now

Same opinion! I was also looking for a good buy entry point with my trading system; but this instrument is ultra volatile.

BluePanther

Member Since Jan 25, 2010  823 posts Matt (BluePanther) Dec 21 2017 at 20:39 (edited Dec 21 2017 at 20:40 )
Sovereign Man: 'But in the short term, holding at least some physical cash makes sense as a hedge against financial calamity.'

https://www.sovereignman.com/international-diversification-strategies/why-you-need-to-have-physical-cash-now-18523/

Some will argue this is support for crypto, but the problem is crypto is not accepted as widely as cash. Perhaps if it became as ubiquitous as cash then crypto would have the same supporting argument - however crypto is nowhere near that yet!

What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power. - 50 Cent
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