Reasons why you should NOT trade cryptocurrencies

Also listen from 54:00...

Also listen from 1:00:30.

Document for reading: https://libra.org/en-US/white-paper/#introducing-libra

(related to previous posts)

Interesting thoughts, but I think that with Bitcoin everything is not so clear

I do not think that the current collapse of the market can not be profitable for ordinary people. Most likely, this is an artificial phenomenon, and I do not even assume today how it will all end for us.

BluePanther posted:
Also listen from 54:00...



Also listen from 3:04:50

3:06:00

'All cryptocurrency were created by the CIA, NSA (which is GCHQ) and IBM. It has tracking and data-mining qualities as laid out earlier. Look at the word: they call it 'crypto', meaning 'dead currency'. Why? Because it's for 'dead people'.

Block, or 'all capital letters', means you are dead, like all names on a head stone. Because they declare you dead.

And they gave themselves the right to control your estate - of which everyone has millions in it, and keep it to themselves, and this was done by the control of your birth certificates.

It is being launched now as a test then, to see how far they will get with it. They don't have the funding to do this, and will rely upon people to hand over cash in exchange for their tokens, which they store for you in your digital wallet.

But it's not yours. Because they control it as they stated.'

3:08:50

Perhaps this reason, not to trade, can be called ignorance and misunderstanding of this process.

From all the things I have found out about cryptocurency all over the web. It is very clear that it is not a safe way to trade. There are a lot of potential hazards associated with cryptocurency. Then again it is not the safest method to trade. Anyone who trades in cryptocurency should do so while watching their back.

I have had my own experience with cryptocurency and I will say that it was not a good one. Cryptocurency is very complicated and confusing at times. Wht you do not understand can be used to take advantage of you. Trade in cryptocurency only of you are keen.

There will always be positive and negative sides to trade.

The only reason I could think of is volatility. That might affect your account completely.

Buy and hold crypto as a sepculativ asset with only a small investment. If it goes to zero who cares but it it x10 in price you have made some good money

I believe that cryptocurrencies are the near future of the world economy.

Mateusz36354 posted:
I believe that cryptocurrencies are the near future of the world economy.

I think the same, If we look at its increasing adaptability then even i feel it has a bright future.

Mateusz36354 posted:
I believe that cryptocurrencies are the near future of the world economy.

I agree with you. cryptos are the future of the world economy as a means of payment. But I think trading crypto is another concept.

Trading Cryptocurrencies have their own pros and cons. It is highly volatile and risky in nature. Only good for those who have extensive knowledge and experience in trading. Cryptocurrencies such as Bitcoin and Ethereum are in much demand. It depends on trader to trader that they want to trade such volatile instruments or not. It’s better to gain knowledge and experience before stepping into crypto trading.

The industry is not regulated and the currency is not backed up by any kind of government or central bank, Even though cryptocurrencies are designed to be theft-proof, there's still a considerable risk for fraud and cyber-crime.