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Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Dec 04 2018 at 13:39
1356 příspěvků
John McAfee Among Defendants Named in Pump and Dump Lawsuit (Oct 3, 2018)
https://www.financemagnates.com/cryptocurrency/news/john-mcafee-among-defendants-named-in-pump-and-dump-lawsuit/


Settlements should award $0 damages to those that that got scammed.
The risks are CONSPICUOUSLY obvious to any sensible investor.

Matt (BluePanther)
Dec 05 2018 at 08:00
1356 příspěvků
togr posted:
There are more cryptos to trade than just BTCUSD
While BTCUSD is had dropped a lot there are other interesting pairs where you can still buy


jamesgwyther posted:
Just trade it both ways :)


AmDiab posted:
Yes; but I am more excited on crypto. Even I see, so many impressive new coins.


Paquito posted:
Already got a strong bounce from BTC up $1000 in a couple of days. Could be the start of a rally up to $20,000 again.


AniLorak posted:
Crypto currency doesn’t mean only BTC. There have so many coins; so I think, there have a good future for crypto.


Vali12 posted:
Guys, how do you think, what is the difference in dependencies of currency and cryptocurrence markets?


How are these 'reasons why you should NOT trade crypto'?
Read the THREAD TITLE. Read the FIRST POST.

This thread is NOT A DISCUSSION.
This thread is simply a collection of negative reasons that traders should consider before they pursue crypto.

Please post in Leo23's thread if you want to discuss the viability of trading crypto.

jamesgwyther
Dec 06 2018 at 15:33
289 příspěvků
Matt (BluePanther)
Dec 06 2018 at 15:55
1356 příspěvků
IG Client Sentiment: Contrarian Bias













Přílohy :


kieran (snapdragon1970)
Dec 06 2018 at 18:09
1945 příspěvků
5 nice trades to choose from ,that will keep you busy till close.

"They mistook leverage with genius".
Matt (BluePanther)
Dec 09 2018 at 08:02
1356 příspěvků
'...For many of them, including not a few on this boat, screwing over other people for your own gain is not just a side effect of economic philosophy, or proof of concept. It is a sacred calling. To them, the presence of thieves and Ponzi scheme dealers means the new free market is thriving.'


'...This is no less bonkers and a lot more good-hearted than the five talks I’ve just sat through where people in suits declared, and I am barely paraphrasing, that bitcoin will go up forever, taking everyone in the room with it until we leave this mortal plane and ascend into the ionosphere where ICOs rain chocolate money and there is no death.'


Four Days Trapped at Sea With Crypto’s Nouveau Riche (DEC 5, 2018)
https://breakermag.com/trapped-at-sea-with-cryptos-nouveau-riche/

SaltaLargo
Dec 10 2018 at 13:26
11 příspěvků
The sentiment charts are very interesting but I do not understand why 'we take a contrarian view to crowd sentiment'? Surely if everyone is buying then this means that price will go up? Please explain as I do not understand

Matt (BluePanther)
Dec 11 2018 at 07:35
1356 příspěvků
SaltaLargo posted:
The sentiment charts are very interesting but I do not understand why 'we take a contrarian view to crowd sentiment'? Surely if everyone is buying then this means that price will go up? Please explain as I do not understand


You need to educate yourself:
1. Watch this video:
2. Read this article: https://optimusfutures.com/tradeblog/archives/3-tips-to-trading-unpredictable-markets/

... this explains why there are usually buyers and sellers willing to participate at most price levels. If this was not the case, we would really just be witnessing large gaps and erratic price action. In fact, you should find merit in this case as you compare a liquid futures market to an illiquid one that has fewer participants. The illiquid markets will have more gaps and volatility with more unpredictable price action.

Matt (BluePanther)
Dec 16 2018 at 11:07
1356 příspěvků
Nouriel Roubini @Nouriel
'Your pseudo logic is totally idiotic. Yes I am not a scatologist buying cans of shitcoins worth 0 or rather negative with their environmental externalities. It is an investment choice: I am not a masochist HODLer losing 95% of my wealth in a year. Get a life u conflicted lakey'

Cryptos or the S&P? A $1-million ‘Buffett Bet 2.0’ is brewing as Twitter feud erupts (Dec 10, 2018)
https://www.marketwatch.com/story/cryptos-or-the-sp-a-1-million-buffett-bet-20-is-brewing-as-twitter-feud-erupts-2018-12-10


Bitcoin fans troll Warren Buffett with ‘Rat Poison Squared’ clothing line (May 15, 2018)
https://www.marketwatch.com/story/bitcoin-fans-troll-warren-buffett-with-rat-poison-squared-clothing-line-2018-05-15


Opinion: Heed Warren Buffett’s warning: Bitcoin is pure FOMO (Feb 10, 2018)
https://www.marketwatch.com/story/heed-warren-buffetts-warning-bitcoin-is-pure-fomo-2017-12-26

AniLorak
Dec 16 2018 at 11:19
920 příspěvků
BluePanther posted:
togr posted:
There are more cryptos to trade than just BTCUSD
While BTCUSD is had dropped a lot there are other interesting pairs where you can still buy


jamesgwyther posted:
Just trade it both ways :)


AmDiab posted:
Yes; but I am more excited on crypto. Even I see, so many impressive new coins.


Paquito posted:
Already got a strong bounce from BTC up $1000 in a couple of days. Could be the start of a rally up to $20,000 again.


AniLorak posted:
Crypto currency doesn’t mean only BTC. There have so many coins; so I think, there have a good future for crypto.


Vali12 posted:
Guys, how do you think, what is the difference in dependencies of currency and cryptocurrence markets?


How are these 'reasons why you should NOT trade crypto'?
Read the THREAD TITLE. Read the FIRST POST.

This thread is NOT A DISCUSSION.
This thread is simply a collection of negative reasons that traders should consider before they pursue crypto.

Please post in Leo23's thread if you want to discuss the viability of trading crypto.


I think, only long term trading is possible in crypto industry till now!

Matt (BluePanther)
Dec 17 2018 at 07:25
1356 příspěvků
Matt (BluePanther)
Dec 19 2018 at 14:29
1356 příspěvků
Vitalik Buterin Bashes Nouriel Roubini: Prominent Economist and Cryptocurrency Skeptic (Oct 15, 2018)
https://blockonomi.com/vitalik-buterin-vs-nouriel-roubini/


Roubini Goes Head-To-Head With Pompliano In Twitter Feud As ‘Bitcoin Buffet Bet 2’ Lives (Dec 12, 2018)
https://bitcoinexchangeguide.com/roubini-goes-head-to-head-with-pompliano-in-twitter-feud-as-bitcoin-buffet-bet-2-lives/

Matt (BluePanther)
Dec 19 2018 at 14:37
1356 příspěvků
Demetriof
Dec 20 2018 at 12:59
7 příspěvků
S&P looks very tempting right now. Looks like it will close down on the year. S&P is a safer bet than crypto I reckon. Lower potential profits but lower risks as well.

Matt (BluePanther)
Dec 21 2018 at 08:57
1356 příspěvků
' In a very accurate review, the CFA Institute says of Bitcoin “Whatever it is, it is not a legitimate investment.” Indeed it is, and then some.

Ever since the pseudonymous and illusive inventor of Bitcoin unleashed what should perhaps be regarded as a rebellious tool for mavericks and anarchists to place a dark and indecipherable peer to peer economy into their untrained hands some 10 years ago, digital currency has left behind a trail of destruction in the form of disappearing virtual exchanges, illicit marketplace seizures, plundering of e-wallets by self-imposed, inexperienced and unregulated ‘exchange’ owners and jail sentences for ponzi and false token schemes.'

' The CFA Institute does not consider Bitcoin as an asset class at all, but instead marks it out as “too inefficient to be a currency.” '

' 'In my view” said one CFA Institute contributor, “most of those who invest in bitcoin are effectively participating in a pyramid scheme either as a future victim or a perpetrator. Some no doubt truly believe that bitcoin will function as a currency for enabling transactions, rather than a “store of value.” But I wonder whether such people truly understand economics, our monetary system, or our business environment.' '

'Just two months ago, Goldman Sachs proved FinanceFeeds correct in stating that it will never engage in any form of cryptocurrency trading.

At that time, we stated that this is enough proof that whilst blockchain-type technology can be institutionalized, digital assets cannot.'

Bitcoin “a pyramid scheme” says CFA Institute (Dec 20, 2018)
https://financefeeds.com/bitcoin-pyramid-scheme-says-cfa-institute/



Matt (BluePanther)
Dec 21 2018 at 08:57
1356 příspěvků
Goldman Sachs proves us right: The institutions will never embrace Bitcoin (Sep 6, 2018)
https://financefeeds.com/goldman-sachs-proves-us-right-institutions-will-never-embrace-bitcoin/


Despite the clamour, Bitcoin has NO CHANCE of becoming a reserve currency – Op Ed (Nov 5, 2015)
https://financefeeds.com/despite-the-clamour-bitcoin-has-no-chance-of-becoming-a-reserve-currency-op-ed/


'Simply, the binary options business was sitting tight and waiting, before doing what the orchestrators of most scams do, reinvent itself as something else which appears to be a ‘too good to miss’ opportunity, and in this case appearing innovative so that it catches the attention of the young bloggers and ‘tech’ publications to propagate it as the next big thing.

Airware – sarcastic software industry terminology used in the late 1990s for a non-existent product – could be an appropriate label for the latest buzzword that is proliferating the internet, that being ICO.'

Binary options ‘ban’ is pure hysteria. The bandits will carry on as normal (Oct 24, 2017)
https://financefeeds.com/binary-options-ban-pure-hysteria-bandits-will-carry-normal/

Matt (BluePanther)
Dec 21 2018 at 08:57
1356 příspěvků
'In terms of opinion, we would strongly advise not to enter into ICO schemes, or crypto-startups of any kind. Yes, Bitcoin may well be a commodity, however there is a huge difference between a properly managed, compliant FX firm in Britain, Australia or America, to a startup touting false tokens in a non-existent scheme to raise capital for a non-existent pipe dream, which when all is over and the money has been stolen, will reduce Bitcoin values to a point at which anyone trading them, broker or client, will catch a very severe cold.

If you as a retail broker want to take the word of a professional for it, simply make a call to one of the few genuine prime of prime brokerages, and see if you can get a liquidity channel for Bitcoin. Not a price feed, an actual liquidity channel where trades can be cleared at prime of prime level. The answer will be no.

FinanceFeeds reached out to senior executives at the firm concerned, and no response was provided.'

Some brokers lost a fortune on crypto currency trading yet have remained silent. Our advice: Stay away (Dec 19, 2017)
https://financefeeds.com/some-brokers-lost-a-fortune-on-crypto-currency-trading-yet-have-remained-silent-our-advice-stay-away/

AmDiab
Dec 23 2018 at 08:00
718 příspěvků
I see, now the uptrend is already started! & the buying momentum is really high. Nice to see, the buyers.

Matt (BluePanther)
Dec 23 2018 at 08:31
1356 příspěvků
AmDiab posted:
I see, now the uptrend is already started! & the buying momentum is really high. Nice to see, the buyers.


Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Dec 23 2018 at 08:32
1356 příspěvků
AmDiab posted:
I see, now the uptrend is already started! & the buying momentum is really high. Nice to see, the buyers.


wrong thread

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