Rating: Full Star Empty Star Empty Star Empty Star Empty Star
Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....
Previous 1 2 3 4 5 6 7 .. 13 Next
leo23

Member Since Oct 12, 2016  300 posts leo23 Sep 17 2017 at 08:19
togr posted:
BTW
BTC dropped from 4600 to 3000 just at the moment you recommend to go long :)

Yes, you can, but only at your own risk. As I said it earlier, I am not a financial adviser and I don't advise for buying and selling BTC or any cryptos.

I created this thread just to discuss the potential behind the cryptos and the technology involved in it.

kebayamwamba

Member Since Sep 16, 2009  115 posts Osiris (kebayamwamba) Sep 17 2017 at 08:22
leo23 posted:
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.


ok. time will prove who is right

can the pursuit of wealth be automated?
leo23

Member Since Oct 12, 2016  300 posts leo23 Sep 17 2017 at 08:24
Hzardous posted:
I have one question. What makes you think BTC will reach 8k in 3 months?

Before I give an answer let me repeat that I am not a financial adviser here and this is my personal opinion and not a financial advice. You should make your own trading decision based on your own risk management and market analysis.

Now, I don't know whether BTC will go 8K or 9K or more in 3 months and there are no exact numbers, but I do know some basic facts based on which I deal with BTC.

Here is the list:
1. BTC is the first cryptocurrency based on blockchain technology and there are thousands of other cryptos already available. So until some other crypto currency surpass the value of BTC I will be always expecting the price to go higher and higher may be 50K or 500K per BTC within 2 to 3 years and at least I expect it to continue till 2020.

2. I study both fundamental news and do technical analysis from mt4 chart using trendlines. But I don't trade BTC in mt4. I only buy BTC from exchange and save in hard wallet which eliminates the possibility of margin call or account wipe out in case of huge drawdown.

3.Anything which is fixed in its amount has a tendency to follow exponential growth based on supply and demand. So for BTC which is maximum 21 million BTC of fixed amount, as per my study BTC price has been doubling it's value approximately every 9 months from the year 2009. Now, it doesn't double exactly on 9th month, but an approximate calculation of exponential growth.

4.Now, whether it will go 8K or not within 3 months is because there was a lot of uncertainty due to Bitcoin hardfork due to which BTC price was not going up as expected in past couple of months and after everything was settled BTC price shoot up from 1800 USD to 5000 USD and this is the first big drop to 3000 USD after that hardfork settlement which is obvious after such a big rally. So there is a lot of sharp price increase is expected may be 9K or 10K or even more within a couple of months, but there are not exact times.

togr

Member Since Feb 22, 2011  3398 posts vontogr (togr) Sep 19 2017 at 07:07
leo23 posted:
Hzardous posted:
I have one question. What makes you think BTC will reach 8k in 3 months?

Before I give an answer let me repeat that I am not a financial adviser here and this is my personal opinion and not a financial advice. You should make your own trading decision based on your own risk management and market analysis.

Now, I don't know whether BTC will go 8K or 9K or more in 3 months and there are no exact numbers, but I do know some basic facts based on which I deal with BTC.

Here is the list:
1. BTC is the first cryptocurrency based on blockchain technology and there are thousands of other cryptos already available. So until some other crypto currency surpass the value of BTC I will be always expecting the price to go higher and higher may be 50K or 500K per BTC within 2 to 3 years and at least I expect it to continue till 2020.

2. I study both fundamental news and do technical analysis from mt4 chart using trendlines. But I don't trade BTC in mt4. I only buy BTC from exchange and save in hard wallet which eliminates the possibility of margin call or account wipe out in case of huge drawdown.

3.Anything which is fixed in its amount has a tendency to follow exponential growth based on supply and demand. So for BTC which is maximum 21 million BTC of fixed amount, as per my study BTC price has been doubling it's value approximately every 9 months from the year 2009. Now, it doesn't double exactly on 9th month, but an approximate calculation of exponential growth.

4.Now, whether it will go 8K or not within 3 months is because there was a lot of uncertainty due to Bitcoin hardfork due to which BTC price was not going up as expected in past couple of months and after everything was settled BTC price shoot up from 1800 USD to 5000 USD and this is the first big drop to 3000 USD after that hardfork settlement which is obvious after such a big rally. So there is a lot of sharp price increase is expected may be 9K or 10K or even more within a couple of months, but there are not exact times.


Only safe investment according to your postulate would be hard gold under your pillow.
Even though BTC value has risen significantly you can always loose money with it
be it technical failure, hacker or another

I like what I trade, I trade what I like
togr

Member Since Feb 22, 2011  3398 posts vontogr (togr) Sep 19 2017 at 07:07
leo23 posted:
togr posted:
BTW
BTC dropped from 4600 to 3000 just at the moment you recommend to go long :)

Yes, you can, but only at your own risk. As I said it earlier, I am not a financial adviser and I don't advise for buying and selling BTC or any cryptos.

I created this thread just to discuss the potential behind the cryptos and the technology involved in it.


SO you are not trading.
You are gambling.
It might give you big profits
OR NOT :)

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

Member Since Oct 12, 2016  300 posts leo23 Sep 19 2017 at 14:25
@togr
I don't take trading as an academic subject to discuss what is gambling and what is trading. You may think gambling what I call as trading and what I think gambling you may call that as trading. I am not interested in such debates.

I am only concerned about making profits and I have my own way of analysing the market different for cryptos and different for forex and accordingly I enter into market completely different in forex and completely different in crypto.

But if you think that only if I will give financial advice, then only I am trading, otherwise, I am gambling, then you can think so. As I said I am only concerned about making profit and not in making arguments.

For example, last time I said the price will go from 3000 USD to above and if I would have told you yes, you must buy now, then you might have come here and praised me since price shoot up exactly from around 2950 USD up to 4000 USD in few days which is a huge gain obviously in short time.

But if it would have gone below 2000 USD, then you would have come here saying that I don't know anything about BTC trading etc etc.

But in both the cases it doesn't matter much for me, because I am looking for big gains in long term for my BTC which I have hold and I am not going to sell BTC even if it goes below 100 USD or above 8000 USD. So I say that everyone should do their own analysis before trading and I don't give financial advice and at least not here in this thread.

togr

Member Since Feb 22, 2011  3398 posts vontogr (togr) Sep 20 2017 at 06:21
leo23 posted:
@togr
I don't take trading as an academic subject to discuss what is gambling and what is trading. You may think gambling what I call as trading and what I think gambling you may call that as trading. I am not interested in such debates.

I am only concerned about making profits and I have my own way of analysing the market different for cryptos and different for forex and accordingly I enter into market completely different in forex and completely different in crypto.

But if you think that only if I will give financial advice, then only I am trading, otherwise, I am gambling, then you can think so. As I said I am only concerned about making profit and not in making arguments.

For example, last time I said the price will go from 3000 USD to above and if I would have told you yes, you must buy now, then you might have come here and praised me since price shoot up exactly from around 2950 USD up to 4000 USD in few days which is a huge gain obviously in short time.

But if it would have gone below 2000 USD, then you would have come here saying that I don't know anything about BTC trading etc etc.

But in both the cases it doesn't matter much for me, because I am looking for big gains in long term for my BTC which I have hold and I am not going to sell BTC even if it goes below 100 USD or above 8000 USD. So I say that everyone should do their own analysis before trading and I don't give financial advice and at least not here in this thread.

whatever

I like what I trade, I trade what I like
AniLorak

Member Since Apr 18, 2017  188 posts AniLorak Sep 20 2017 at 06:21
Nutter21 posted:
Crypto trading is much riskier than normal Forex. I would take caution


I agree with you! That’s why I am trading with only Forex major currencies!

leo23

Member Since Oct 12, 2016  300 posts leo23 Sep 21 2017 at 06:40
togr posted:
leo23 posted:
Hzardous posted:
I have one question. What makes you think BTC will reach 8k in 3 months?

Before I give an answer let me repeat that I am not a financial adviser here and this is my personal opinion and not a financial advice. You should make your own trading decision based on your own risk management and market analysis.

Now, I don't know whether BTC will go 8K or 9K or more in 3 months and there are no exact numbers, but I do know some basic facts based on which I deal with BTC.

Here is the list:
1. BTC is the first cryptocurrency based on blockchain technology and there are thousands of other cryptos already available. So until some other crypto currency surpass the value of BTC I will be always expecting the price to go higher and higher may be 50K or 500K per BTC within 2 to 3 years and at least I expect it to continue till 2020.

2. I study both fundamental news and do technical analysis from mt4 chart using trendlines. But I don't trade BTC in mt4. I only buy BTC from exchange and save in hard wallet which eliminates the possibility of margin call or account wipe out in case of huge drawdown.

3.Anything which is fixed in its amount has a tendency to follow exponential growth based on supply and demand. So for BTC which is maximum 21 million BTC of fixed amount, as per my study BTC price has been doubling it's value approximately every 9 months from the year 2009. Now, it doesn't double exactly on 9th month, but an approximate calculation of exponential growth.

4.Now, whether it will go 8K or not within 3 months is because there was a lot of uncertainty due to Bitcoin hardfork due to which BTC price was not going up as expected in past couple of months and after everything was settled BTC price shoot up from 1800 USD to 5000 USD and this is the first big drop to 3000 USD after that hardfork settlement which is obvious after such a big rally. So there is a lot of sharp price increase is expected may be 9K or 10K or even more within a couple of months, but there are not exact times.


Only safe investment according to your postulate would be hard gold under your pillow.
Even though BTC value has risen significantly you can always loose money with it
be it technical failure, hacker or another

What you are saying is same like you can loose money when you save in your bank account by someone hacking your bank account and so don't keep money in bank account. Also, you can loose money if you loose your purse where you keep money. That's what you are saying. Very funny:))

Let me give you some information that it will be very easy for a hacker to hack a bank account if he can actually hack Bitcoin blockchain, because it will require thousand times more computer power to hack Bitcoin network as compared to hacking a bank itself.

No one can ever hack Bitcoin as per current computing power though there are rumours regarding Bitcoin to be hacked where as actually Bitcoin exchanges were hacked which are similar to banks.

That's why I keep repeating that if anyone buys BTC he should keep it in hard wallet and so if you loose your private key, then only you will loose the BTC, otherwise, not. It is similar to keeping money in your purse or in your house and so if someone will steal your purse, then only you will loose.

There are only 3 scenarios where I will give up BTC and sell all BTC:
1.If some other crypto currency will surpass the value of BTC.
2.Or the year 2020 is reached by which all BTC will be mined.
3.Or in case a successful quantum computer will be commercially available in the market which can not only hack BTC or cryptos, but also can hack each and every bank or any security system which is available in the entire world in a matter of seconds. This might be also possible by next 2 to 3 years.

leo23

Member Since Oct 12, 2016  300 posts leo23 Oct 06 2017 at 09:47
Bitcoin price quickly bounced back exactly from 3000 USD and now oscillating around 4300 USD which it was previously before hitting 5000 USD.

It is very much obvious that when it hits higher highs so quickly it gives some big retracements before hitting another high.

I hope the Bitcoin price to hit 6K,7K or 8K immediately after the next hardfork which is expected to occur in October I guess.I don't remember the exact date. But before the hard fork as usual some price deeps may be possible.

Previous 1 2 3 4 5 6 7 .. 13 Next
EU Norm Inflation (MoM) (37 min)
USD/JPY: intraday rallies are indicated ...(11 min ago)
EURUSD 1.22218 GBPUSD 1.37689
USDJPY 110.813 USDCAD 1.24498
FxPro

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2014 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.