Rating: Full Star Empty Star Empty Star Empty Star Empty Star
Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....
Previous 1 2 3 4 5 .. 18 Next
TiffanyK

Member Since Feb 12, 2016  424 posts Tiffany (TiffanyK) Sep 08 2017 at 06:24
Is really the crypto trading much riskier? Is it because it's more unknown or new? No arguments here - I am interested to see your point of view guys :)

Accept the loss as experience
leo23

Member Since Oct 12, 2016  384 posts leo23 Sep 10 2017 at 06:40
TiffanyK posted:
Is really the crypto trading much riskier? Is it because it's more unknown or new? No arguments here - I am interested to see your point of view guys :)

I will say that cryptotrading using Margin trading is risky, but exchange trading is 99% safe if you save your cryptos in a hardware wallet. It is like you buy some other currency notes and saving it in your purse.

But in margin trading, for example if you are trading EURUSD it is very unlikely for EURUSD price to be half or double in few days. But if you are trading BTCUSD or cryptos, then it is possible for the price to double or half in few days or weeks and hence, any stoploss may not work.

Another risk is lack of liquidity in cryptocurrencies which is not is the case in forex trading. So in my view point cryptocurrency through margin trading is risky, but exchange trading is safe.

togr

Member Since Feb 22, 2011  4017 posts vontogr (togr) Sep 10 2017 at 06:41
leo23 posted:
This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex.

Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.

We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain is possible in cryptos which is absolutely impossible in forex and many people might have been struggling for years to achieve that % gains, but provided you don't day trade in cryptos.

As long as you have invested in some top cryptos there is no chance of price going to zero and hence, just need to hold and you are always safe as long as ONLY you have access to your wallet.

Anyone who loves to trade cryptos can make their views and update latest information about crypto market.


 just need to hold and you are always safe as long as ONLY you have access to your wallet.

Thats is a pure nonsense. When you buy BTC at some point lets say $4000 and you speculate it will go to $6000 and it will go to $2000
you loose 50% in a week. SO it is the very same as trading gold. Price of the commodity(btc or gold) in USD (or other currencies) fluctuates up and down.

I like what I trade, I trade what I like
SmirnoffLex

Member Since Apr 03, 2017  1 posts Lex Smirnoff (SmirnoffLex) Sep 10 2017 at 07:10
Trading crypto is riskier than any other financial instrument:
1. New instrument with NO (small) history, what means no behaviours and clear characteristic.
2. To many panic around it with no understand where and why it should go. Yeah, sure UP! But why? Ah yes, crypto panic 'new technologies', 'revolution' and etc.
3. Might crush any moment (so volatility is unpredictable), cause there is a groop of people who control it. Now they have interest to push up until...? They will decide this.

Robots (AI) our future, there we invest
kebayamwamba

Member Since Sep 16, 2009  115 posts Osiris (kebayamwamba) Sep 10 2017 at 09:34


Attachments:

can the pursuit of wealth be automated?
leo23

Member Since Oct 12, 2016  384 posts leo23 Sep 10 2017 at 11:41
togr posted:
leo23 posted:
This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex.

Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.

We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain is possible in cryptos which is absolutely impossible in forex and many people might have been struggling for years to achieve that % gains, but provided you don't day trade in cryptos.

As long as you have invested in some top cryptos there is no chance of price going to zero and hence, just need to hold and you are always safe as long as ONLY you have access to your wallet.

Anyone who loves to trade cryptos can make their views and update latest information about crypto market.


 just need to hold and you are always safe as long as ONLY you have access to your wallet.

Thats is a pure nonsense. When you buy BTC at some point lets say $4000 and you speculate it will go to $6000 and it will go to $2000
you loose 50% in a week. SO it is the very same as trading gold. Price of the commodity(btc or gold) in USD (or other currencies) fluctuates up and down.

You will loose 50% if you sell the BTC at 2000 USD, otherwise, NOT. So your argument is pointless.

Crytpotrading like BTC or any other cryptos is NOT for you:
1.If you want speculate for few days or weeks expecting for profit.
2.If you want to day trade or margin trade like forex
3.If you want to make consistent steady gains every week or every month like forex
4.If you are worried about drawdowns

You should ONLY invest in cryptos which you are 100% sure to hold for at least for few months or 1 to 2 years, Otherwise, never invest in cryptos. That sudden increase in price from 2000 USD to 4000 USD was because of fundamental reason which very few traders take advantage of and they don't sell of BTC at low price if they have bought at high price.

It is not like a forex trading and neither it is a commodity trading like gold. It is like trading a new technology which is blockchain technology.

Also, what if the BTC price will go 100,000 USD per BTC in 2020 as some market analyst say.

By the way, BTC trading is not for small investors any more since the price has gone to 4000 USD and above. But there are hundreds of new potential coins based on blockchain which can be bought and hold at very low cost for thousands of % gain within 1 to 2 years and that's why I created this thread to inform about other cryptos as well.

BTC will anyway go up, but up to what price nobody knows and will go below what price also nobody know. Just need to buy and hold if someone want to and if he can handle any drawdown.






kebayamwamba

Member Since Sep 16, 2009  115 posts Osiris (kebayamwamba) Sep 10 2017 at 12:44
btc will fall to 200-450

it's now a suckers market



Attachments:

can the pursuit of wealth be automated?
leo23

Member Since Oct 12, 2016  384 posts leo23 Sep 11 2017 at 06:33
@kebayamwamba
The analysis and representation is very funny.

The BTC is ready to rally for a 50K per BTC or 100K per BTC in coming 1 to 2 years. My nearest target will be 6K,7K,8K very soon.

Of course, for every drawdown in BTC people have been telling the same thing that BTC will be dead and it will go to zero etc from the date of creation of BTC from 2009, but it will not and will continue to grow more and more.

Sometimes hype is being created by big players to make the BTC price fall just for them to get a better BTC buy rate before it hit's big highs for sell off for quick gains and that's all.

kebayamwamba

Member Since Sep 16, 2009  115 posts Osiris (kebayamwamba) Sep 11 2017 at 08:26
leo23 posted:
@kebayamwamba
The analysis and representation is very funny.

The BTC is ready to rally for a 50K per BTC or 100K per BTC in coming 1 to 2 years. My nearest target will be 6K,7K,8K very soon.

Of course, for every drawdown in BTC people have been telling the same thing that BTC will be dead and it will go to zero etc from the date of creation of BTC from 2009, but it will not and will continue to grow more and more.

Sometimes hype is being created by big players to make the BTC price fall just for them to get a better BTC buy rate before it hit's big highs for sell off for quick gains and that's all.


it's okay

the way you firmly believe it's a buy, it's the same way i believe it's a sell

time will prove either of us

can the pursuit of wealth be automated?
togr

Member Since Feb 22, 2011  4017 posts vontogr (togr) Sep 11 2017 at 08:26
leo23 posted:
togr posted:
leo23 posted:
This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex.

Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.

We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain is possible in cryptos which is absolutely impossible in forex and many people might have been struggling for years to achieve that % gains, but provided you don't day trade in cryptos.

As long as you have invested in some top cryptos there is no chance of price going to zero and hence, just need to hold and you are always safe as long as ONLY you have access to your wallet.

Anyone who loves to trade cryptos can make their views and update latest information about crypto market.


 just need to hold and you are always safe as long as ONLY you have access to your wallet.

Thats is a pure nonsense. When you buy BTC at some point lets say $4000 and you speculate it will go to $6000 and it will go to $2000
you loose 50% in a week. SO it is the very same as trading gold. Price of the commodity(btc or gold) in USD (or other currencies) fluctuates up and down.

You will loose 50% if you sell the BTC at 2000 USD, otherwise, NOT. So your argument is pointless.

Crytpotrading like BTC or any other cryptos is NOT for you:
1.If you want speculate for few days or weeks expecting for profit.
2.If you want to day trade or margin trade like forex
3.If you want to make consistent steady gains every week or every month like forex
4.If you are worried about drawdowns

You should ONLY invest in cryptos which you are 100% sure to hold for at least for few months or 1 to 2 years, Otherwise, never invest in cryptos. That sudden increase in price from 2000 USD to 4000 USD was because of fundamental reason which very few traders take advantage of and they don't sell of BTC at low price if they have bought at high price.

It is not like a forex trading and neither it is a commodity trading like gold. It is like trading a new technology which is blockchain technology.

Also, what if the BTC price will go 100,000 USD per BTC in 2020 as some market analyst say.

By the way, BTC trading is not for small investors any more since the price has gone to 4000 USD and above. But there are hundreds of new potential coins based on blockchain which can be bought and hold at very low cost for thousands of % gain within 1 to 2 years and that's why I created this thread to inform about other cryptos as well.

BTC will anyway go up, but up to what price nobody knows and will go below what price also nobody know. Just need to buy and hold if someone want to and if he can handle any drawdown.







It is obvious you have no idea what are you talking about

I like what I trade, I trade what I like
Previous 1 2 3 4 5 .. 18 Next
API Weekly Crude Oil Stock (4h 51min)
ECB's Knot: Impact of economic slowdown ...(6h 39min ago)
EURUSD 1.13123 GBPUSD 1.30209
USDJPY 113.704 USDCAD 1.32373

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2018 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.