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Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
Vistas 10,702
522 Replies
Miembro desde Oct 15, 2020   posts 37
Nov 11, 2020 at 05:56
It can be profitable but it is also quite unpredictable. Cryptocurrencies like Bitcoin are highly volatile so anything can happen. The prices keep going up and down.
Miembro desde Oct 13, 2020   posts 34
Nov 12, 2020 at 05:56
It is difficult trading crypto and if you’re not on the right track, you might even keep losing.
Matt (BluePanther)
Miembro desde Jan 25, 2010   posts 1359
Dec 30, 2020 at 04:46
Crypto.com to Delist, Suspend XRP in the US After SEC’s Ripple Suit
(Wed, 30 December 2020)
https://au.finance.yahoo.com/news/crypto-com-delist-suspend-xrp-200653135.html
Balint (Balint564r65)
Miembro desde Feb 20, 2020   posts 8
Dec 30, 2020 at 09:14
I will give my personal opinion about crypto trading. Several years ago I discovered this klondike. Thanks to the large fluctuations in the exchange rate, I have earned a decent capital. But I have always understood and accepted the risks associated with this trade. My opinion if your profession is a trader. Then you can develop for yourself a trading strategy for trading almost everything. Good luck to all. And happy holidays.
Miembro desde Oct 26, 2020   posts 33
Jan 19, 2021 at 09:02
It is good that you decided to share this information here. Keep posting more.
Miembro desde Dec 15, 2020   posts 12
Feb 12, 2021 at 05:23
It is good that you decided to share some information here. Thanks for sharing.
Lee Baxter (bax699)
Miembro desde Oct 23, 2018   posts 29
Mar 03, 2021 at 13:11
i think you should trade cryprtocurrencies, its very profitable
Miembro desde Mar 25, 2019   posts 21
Apr 08, 2021 at 10:43
just like any investment, you should be prepared to lose the whole lot. If you are buying coings then it's not an issue, but if you are buying into a scheme with unrealistic %APY then you should know better
Miembro desde Jul 23, 2020   posts 759
Apr 10, 2021 at 16:24
bax699 posted:
i think you should trade cryprtocurrencies, its very profitable
In my opinion, it is risker than any other trading market. So, trade carefully.
Matt (BluePanther)
Miembro desde Jan 25, 2010   posts 1359
May 14, 2021 at 23:56
BITCOIN GREENWASHING: No, Bitcoin mining isn’t mostly powered by clean, renewable energy, but the cult-like self-delusion of Bitcoin apologists is itself a fascinating science experiment (MAY 14, 2021)

https://globalintelhub.com/bitcoin-greenwashing-no-bitcoin-mining-isnt-mostly-powered-by-clean-renewable-energy-but-the-cult-like-self-delusion-of-bitcoin-apologists-is-itself-a-fascinating-science-experiment/
Matt (BluePanther)
Miembro desde Jan 25, 2010   posts 1359
May 16, 2021 at 04:23
IRS Launches Crackdown To Ensure Crypto Investors Pay Their Taxes (MAY 16, 2021)

https://globalintelhub.com/irs-launches-crackdown-to-ensure-crypto-investors-pay-their-taxes/
Matt (BluePanther)
Miembro desde Jan 25, 2010   posts 1359
May 23, 2021 at 16:50
The Bit Short: Inside Crypto’s Doomsday Machine (MAY 23, 2021)

https://globalintelhub.com/the-bit-short-inside-cryptos-doomsday-machine/
Matt (BluePanther)
Miembro desde Jan 25, 2010   posts 1359
May 23, 2021 at 16:50
Tether fraud waiting to blow up Crypto markets (MAY 23, 2021)

https://globalintelhub.com/tether-fraud-waiting-to-blow-up-crypto-markets/
Miembro desde Apr 28, 2021   posts 9
May 24, 2021 at 12:24
So do you think that crypto has now peaked and is now on a downward slide?
Matt (BluePanther)
Miembro desde Jan 25, 2010   posts 1359
May 24, 2021 at 15:22
People Behind Crypto Protocol DeFi100 May Have Absconded With $32M in Investor Funds (MAY 24, 2021)

https://globalintelhub.com/people-behind-crypto-protocol-defi100-may-have-absconded-with-32m-in-investor-funds/
Miembro desde May 25, 2021   posts 9
May 25, 2021 at 12:38
Maybe there are good reasons to not trade Crypto but the fact is that the price has rocketed and people have made millions. I think crypto can be traded but only as a small % of your portfolio
yana hansen (78678676)
Miembro desde Oct 16, 2020   posts 137
May 27, 2021 at 07:33
LemonFeather posted:
Maybe there are good reasons to not trade Crypto but the fact is that the price has rocketed and people have made millions. I think crypto can be traded but only as a small % of your portfolio
- Although I have lost half of the money that I put in Crypto, I am still hopeful that the prices will rise once again 😊.
Miembro desde Apr 05, 2021   posts 9
Jun 03, 2021 at 09:28
It is that mindset that prevents bitcoin from hitting the floor .. Please do not sell they just see it as a blip and soon they will be millionaires . For many bitcoin is like a lottery ticket
Karlos Fandango (Smith2525)
Miembro desde Mar 15, 2019   posts 82
Jun 19, 2021 at 23:24
BluePanther posted:
This thread is in response to Leo23's discussion: 'Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....'
https://www.myfxbook.com/community/general/trading-cryptocurrencies-bitcoinetherium-litecoin-etc/1513362,1

I am blocked and unable to post in his thread, but I would like to share some important information related to cryptocurrencies that all investors/traders should be made aware of prior to their foray into this new market.

My only questions are:
- Is this another case of Tulip-mania?
- Does Leo23 have a vested interest in garnering support for investment interest in cryptocurrencies?

Here is an important article I think the community should read to get a better understanding of recent growth in cryptocurrency demand (specifically BTC):

https://protradingresearch.com/2017/12/14/one-bank-believes-it-found-the-identity-of-who-is-propping-up-the-bitcoin-market/

Sharing (information) is caring. 😎 Feel welcome to share your personal and professional opinion on cryptocurrencys, especially if Leo23 has blocked you from his thread. Please backup all opinions with evidence where possible. Unfounded opinions, posts contrary to generally-accepted social norms of respect, and posts in breach of myfxbook's Terms of Use are deemed inappropriate and may be reported.

Full disclosure: I have invested $0 in cryptocurrencies, and have 0 intention to do so any time soon. The phenomenal gains are the only reason it has caught my curiosity. I will continue to trade 'normal' forex only TYVM.


How's that going for you these days?
All or nothing
Matt (BluePanther)
Miembro desde Jan 25, 2010   posts 1359
Jun 20, 2021 at 11:46
The Tether Scandal: The Biggest Threat To The Crypto-Ecosystem (JUNE 20, 2021)
https://globalintelhub.com/the-tether-scandal-the-biggest-threat-to-the-crypto-ecosystem/
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