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Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....
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leo23

Member Since Oct 12, 2016  348 posts leo23 Sep 12 2017 at 07:17
@togr
It is because you have no idea about cryptos trading or what cryptos are really and thinking these as commodity and may be you are trying to compare it with forex trading and that's why you are obviously free to think so.

togr

Member Since Feb 22, 2011  3807 posts vontogr (togr) Sep 12 2017 at 14:45
leo23 posted:
@togr
It is because you have no idea about cryptos trading or what cryptos are really and thinking these as commodity and may be you are trying to compare it with forex trading and that's why you are obviously free to think so.


so enlighten me
Did you postulate you can hold cryptos long for years and make profit.
Imagine you spend 4000 to buy 1 btc
Hold it for years
Each year it will drop one thousand
So 2017 you spend 4000
2018 the value will be 3000
2019 2000
2020 1000
what would you do in 2021?

I like what I trade, I trade what I like
leo23

Member Since Oct 12, 2016  348 posts leo23 Sep 13 2017 at 06:35
@togr

I can only try to explain to you, but I can't guarantee as how much you will understand since it depends entirely on you based on what you already know about the foundation of cryptos.

Here is your answer in a very simplistic way:
1.If you are trading BTC or any other cryptocurrency or stocks or forex or whatever, then once you have put any money to any one of these, then you have to 100% accept that you have already lost that money the moment you have invested so there is no question of expecting what you will do after sometime if something happens etc etc. If you can't accept that as a loss from the beginning, then you should never invest at all from the beginning. That is the fundamental rule in any trading and at least in forex I assume you already know that and the fundamental law doesn't change very much in cryptotrading as well.

2. So before you buy you must have a plan when to exit or exit at all or not based on fundamental analysis and crypto news etc.

3.But my point what I am repeatedly trying to tell in many posts is that there is 99% of chance that BTC will never go to zero and it may rally much higher. Hence, you have to buy and hold. I am claiming it because of a profound reason that is because of the technology involved it .

I am not a big fan of BTC nor I am mad about holding BTC, but since it is the first cryptocurrency based on blockchain technology and there are thousands of other cryptos now based on that technology which may revolutionise the entire world in coming future and so chances of the first crypto to decrease in value is negligible until another crypto surpass BTC value. And of course, this analysis is based on my opinion, but the technology is a fact.

4.Finally, if you are very much sure that BTC price will drop then you should never buy it just because I say this or any other analyst say this, because I am not a financial adviser. I am just trying to create awareness among forex traders about the cryptocurrency and the blockchain technolgy involved which has a great future if someone just picks up some good cryptos at the right time and right price holding it for few years.


togr

Member Since Feb 22, 2011  3807 posts vontogr (togr) Sep 13 2017 at 13:45
leo23 posted:
@togr

I can only try to explain to you, but I can't guarantee as how much you will understand since it depends entirely on you based on what you already know about the foundation of cryptos.

Here is your answer in a very simplistic way:
1.If you are trading BTC or any other cryptocurrency or stocks or forex or whatever, then once you have put any money to any one of these, then you have to 100% accept that you have already lost that money the moment you have invested so there is no question of expecting what you will do after sometime if something happens etc etc. If you can't accept that as a loss from the beginning, then you should never invest at all from the beginning. That is the fundamental rule in any trading and at least in forex I assume you already know that and the fundamental law doesn't change very much in cryptotrading as well.

2. So before you buy you must have a plan when to exit or exit at all or not based on fundamental analysis and crypto news etc.

3.But my point what I am repeatedly trying to tell in many posts is that there is 99% of chance that BTC will never go to zero and it may rally much higher. Hence, you have to buy and hold. I am claiming it because of a profound reason that is because of the technology involved it .

I am not a big fan of BTC nor I am mad about holding BTC, but since it is the first cryptocurrency based on blockchain technology and there are thousands of other cryptos now based on that technology which may revolutionise the entire world in coming future and so chances of the first crypto to decrease in value is negligible until another crypto surpass BTC value. And of course, this analysis is based on my opinion, but the technology is a fact.

4.Finally, if you are very much sure that BTC price will drop then you should never buy it just because I say this or any other analyst say this, because I am not a financial adviser. I am just trying to create awareness among forex traders about the cryptocurrency and the blockchain technolgy involved which has a great future if someone just picks up some good cryptos at the right time and right price holding it for few years.



Don understand a word what are you trying to say
then you have to 100% accept that you have already lost that money the moment you have invested?

I like what I trade, I trade what I like
kebayamwamba

Member Since Sep 16, 2009  115 posts Osiris (kebayamwamba) Sep 15 2017 at 10:01
$13 a piece



Attachments:

can the pursuit of wealth be automated?
kebayamwamba

Member Since Sep 16, 2009  115 posts Osiris (kebayamwamba) Sep 15 2017 at 12:27
i revise my outlook

btc will fall to $13

time horizon 1-2 years

can the pursuit of wealth be automated?
togr

Member Since Feb 22, 2011  3807 posts vontogr (togr) Sep 15 2017 at 12:28
BTW
BTC dropped from 4600 to 3000 just at the moment you recommend to go long :)

I like what I trade, I trade what I like
leo23

Member Since Oct 12, 2016  348 posts leo23 Sep 15 2017 at 13:17
togr posted:
leo23 posted:
@togr

I can only try to explain to you, but I can't guarantee as how much you will understand since it depends entirely on you based on what you already know about the foundation of cryptos.

Here is your answer in a very simplistic way:
1.If you are trading BTC or any other cryptocurrency or stocks or forex or whatever, then once you have put any money to any one of these, then you have to 100% accept that you have already lost that money the moment you have invested so there is no question of expecting what you will do after sometime if something happens etc etc. If you can't accept that as a loss from the beginning, then you should never invest at all from the beginning. That is the fundamental rule in any trading and at least in forex I assume you already know that and the fundamental law doesn't change very much in cryptotrading as well.

2. So before you buy you must have a plan when to exit or exit at all or not based on fundamental analysis and crypto news etc.

3.But my point what I am repeatedly trying to tell in many posts is that there is 99% of chance that BTC will never go to zero and it may rally much higher. Hence, you have to buy and hold. I am claiming it because of a profound reason that is because of the technology involved it .

I am not a big fan of BTC nor I am mad about holding BTC, but since it is the first cryptocurrency based on blockchain technology and there are thousands of other cryptos now based on that technology which may revolutionise the entire world in coming future and so chances of the first crypto to decrease in value is negligible until another crypto surpass BTC value. And of course, this analysis is based on my opinion, but the technology is a fact.

4.Finally, if you are very much sure that BTC price will drop then you should never buy it just because I say this or any other analyst say this, because I am not a financial adviser. I am just trying to create awareness among forex traders about the cryptocurrency and the blockchain technolgy involved which has a great future if someone just picks up some good cryptos at the right time and right price holding it for few years.



Don understand a word what are you trying to say
then you have to 100% accept that you have already lost that money the moment you have invested?

If you don't understand from the above explanation, then I am sorry I can't explain it anything much simpler. It may be because you are lacking some fundamental of trading or if you assume that you are already very successful in trading, then probably both of our trading approach are completely different to each other.

But I will try a little more to explain.

When I trade forex or cryptos or anything else for that matter, the moment I put the trade I accept 100% that I have already lost that trade, because market can do anything what it wants and it only depends on me what I will do. But I don't do anything because I have my stop and takeprofit plans ahead of entering the trade and I don't think much about the trade after I enter the trade which helps me to avoid wrong trading decision. Either it hits the stop or takeprofit. That's all.

Now, coming to cryptos or BTC for that matter I am very much sure that BTC price will not go to zero and there is no question of margin call when I buy BTC and hold and I don't care whatever drawdown will be there. So I just buy and hold BTC when the price goes lower and lower. For example, now it is an excellent opportunity to buy BTC at 3000 USD and I don't care if goes below 100 USD also.

But if you are considering this as my BTC trading advice, then you are wrong. I am not here to give any financial advice, you have to make your own decision to BUY BTC or any other cryptos. When I say 'Buy and hold' I mean there is no question of margin call which usually happens in forex and can even wipe out the whole balance with one price spike and there is no such thing at all in crypto trading when someone buys and holds cryptos in his hard wallet. That's why say it is safe.

If this also doesn't make any sense to you, then I can't explain any more.

leo23

Member Since Oct 12, 2016  348 posts leo23 Sep 15 2017 at 13:17
kebayamwamba posted:
$13 a piece




Nice looking chart.., but obviously funny.

BTC to go from 3K to 6K,7K,8K or even more may be within 2 to 3 months.

Hzardous

Member Since Jan 12, 2014  19 posts Hzardous Sep 15 2017 at 14:05
I have one question. What makes you think BTC will reach 8k in 3 months?

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