Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
Vistas 15,064
490 Replies
Miembro desde Jun 10, 2017   posts 36
Feb 11, 2019 at 06:47
I love to trade it due to its volatility, much more potential for profits, of course managing risk is still important.
Miembro desde Apr 06, 2018   posts 254
Feb 11, 2019 at 06:48
BluePanther posted:
Cryptocurrency executive dies; takes access codes with him (4 Feb, 2019)
https://www.investmentnews.com/article/20190204/FREE/190209982/cryptocurrency-executive-dies-takes-access-codes-with-him
😁
The market will trade through it’s path of least resistance .
Miembro desde Feb 16, 2019   posts 30
Feb 18, 2019 at 11:34
I think crypto trading is just as risky/ complicated as trading anything else
Miembro desde Oct 15, 2018   posts 1
Feb 18, 2019 at 14:34
If you only buy bitcoin you're miles ahead of anyone else
I love 2 AM
Miembro desde Jan 25, 2010   posts 1360
Feb 20, 2019 at 07:14
Crashzx posted:
If you only buy bitcoin you're miles ahead of anyone else

Miles ahead? You mean to lose everything? You don't have to buy BTC to do that.
Miembro desde Feb 08, 2019   posts 21
Feb 22, 2019 at 07:37
BluePanther posted:
Crashzx posted:
If you only buy bitcoin you're miles ahead of anyone else

Miles ahead? You mean to lose everything? You don't have to buy BTC to do that.

What makes you think you will lose everything buying BTC? Especially at these prices.
Miembro desde Jan 25, 2010   posts 1360
Feb 24, 2019 at 07:10
CRPA9 posted:
What makes you think you will lose everything buying BTC? Especially at these prices.

Please read the thread to find your answer.
Miembro desde Jul 31, 2018   posts 530
Feb 24, 2019 at 07:57
its too volatile for leveraged and small accounts.
Work hard and play hard
Miembro desde Feb 08, 2019   posts 213
Mar 11, 2019 at 07:26
You just need to adjust your strategy to trade cryptos. It's doable alright
Miembro desde Jan 25, 2010   posts 1360
Mar 11, 2019 at 10:55
Treeny posted:
You just need to adjust your strategy to trade cryptos. It's doable alright

Make posts consistent with thread topic.
Miembro desde Mar 11, 2019   posts 10
Mar 12, 2019 at 08:03
GermanyFX posted:
its too volatile for leveraged and small accounts.

Most broker don't have leverage for crypto now any more anyway. I worry that current volatility on crypto is low and many trader will start trading with large lots but when volatility spikes again they will lose all their money
Miembro desde Aug 27, 2017   posts 994
Mar 12, 2019 at 15:15
FaridAnwer posted:
GermanyFX posted:
its too volatile for leveraged and small accounts.

Most broker don't have leverage for crypto now any more anyway. I worry that current volatility on crypto is low and many trader will start trading with large lots but when volatility spikes again they will lose all their money

That’s the reality! Really, it’s hard to use crypto as regular basis since we are the retail traders.
volumemaster
forex_trader_689635
Miembro desde Mar 03, 2019   posts 32
Mar 14, 2019 at 07:31
No need for leverage on crypto, the market quite volatile, leverage can kill your account for sure
Miembro desde Mar 14, 2019   posts 11
Mar 15, 2019 at 08:10
Magelaus posted:
Unfortunately, I do not understand cryptocurrency. Although I read the article here https://bitcoinbestbuy.com/bitcoin-mining-guide/ . I plan to start mining, even if it sounds very difficult. I want to try :D

Love it. Just like everyone else. You don't understand crypto but because of one article you decide that it is worth investing in. Madness!
Miembro desde Dec 21, 2018   posts 17
Mar 15, 2019 at 09:48
volumemaster posted:
No need for leverage on crypto, the market quite volatile, leverage can kill your account for sure

Absolutely agree, no need to leverage on crypto.

Somethings I learnt over 3 years trading on crypto:

- Don't use any broker that offer crypto CFD because their spread is crazy (sometimes 1-2%), just trade with own money in exchange like Bitfinex, Binance.

- Truth be told, I gave up predict the trend of crypto since early 2018, instead, in such volatile market, you can make money without predicting the trend of market. Use mathematics, you will find crazy unreasonable volatility in market that you can take advantages by some simple statistical arbitrage strategy.

- One more thing, understand Value at Risk (VAR) theory is critical when you trade in any bubble market like crypto.

ATB,
have fun trading









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Miembro desde Jan 25, 2010   posts 1360
Mar 17, 2019 at 06:53
JesusSaves posted:
Magelaus posted:
Unfortunately, I do not understand cryptocurrency. Although I read the article here https://bitcoinbestbuy.com/bitcoin-mining-guide/ . I plan to start mining, even if it sounds very difficult. I want to try :D

Love it. Just like everyone else. You don't understand crypto but because of one article you decide that it is worth investing in. Madness!

True! omg... lol
Miembro desde Mar 18, 2019   posts 11
Mar 18, 2019 at 15:11
psnowfox posted:
volumemaster posted:
No need for leverage on crypto, the market quite volatile, leverage can kill your account for sure

Absolutely agree, no need to leverage on crypto.

Somethings I learnt over 3 years trading on crypto:

- Don't use any broker that offer crypto CFD because their spread is crazy (sometimes 1-2%), just trade with own money in exchange like Bitfinex, Binance.

- Truth be told, I gave up predict the trend of crypto since early 2018, instead, in such volatile market, you can make money without predicting the trend of market. Use mathematics, you will find crazy unreasonable volatility in market that you can take advantages by some simple statistical arbitrage strategy.

- One more thing, understand Value at Risk (VAR) theory is critical when you trade in any bubble market like crypto.

ATB,
have fun trading










I am really interested in your idea of using statistical averages. Could you please explain a bit more about how you do this? Do you think it would work with Forex because I mainly trade Forex not crypto
Miembro desde Dec 21, 2018   posts 17
Mar 19, 2019 at 07:07
LeBuffon posted:

I am really interested in your idea of using statistical averages. Could you please explain a bit more about how you do this? Do you think it would work with Forex because I mainly trade Forex not crypto

Theretically, you may. To be able to stat-arb, you need to find pairs those are cointegrated, then you trade everytime they diverge. But I never find any forex pair sets which highly cointegrated for a long-term.

You can find some basic knowledge here:
https://gekkoquant.com/2012/10/21/statistical-arbitrage-correlation-vs-cointegration/
https://jonathankinlay.com/2018/09/developing-statistical-arbitrage-strategies-using-cointegration/
https://www.quantinsti.com/blog/johansen-test-cointegration-building-stationary-portfolio
Miembro desde Dec 26, 2018   posts 34
Apr 11, 2019 at 07:56
Yep, I thought it's all finished and we just went smoothly with all established crypto currencies, yet like 2 years ago till now they are still popping up everywhere, so please explain this to me ? Somebody just virtually want to increase that interest. Some homemade currency which were issuing there tokens already closed 6 month ago. So it's artifical boom for another....
Miembro desde Jul 31, 2018   posts 530
Apr 11, 2019 at 08:15
uxStyle posted:
Yep, I thought it's all finished and we just went smoothly with all established crypto currencies, yet like 2 years ago till now they are still popping up everywhere, so please explain this to me ? Somebody just virtually want to increase that interest. Some homemade currency which were issuing there tokens already closed 6 month ago. So it's artifical boom for another....

cryptos are like fancy toys anyone can make his own crypto and start his own market and bump and dump whenever he wants to.
Work hard and play hard
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