Cryptos are risky - we all know this. But those symbols are still tradable and getting more popular each day. Cryptos are definitely something different on the market. Also you have a lot of options, entertainment with the price changing - something which is considered by the 'rich' traders as interesting. I consider the cryptos non-tradable for the average trader and very much tradable for the traders who like to risk a lot and that do not care about the account balance. It's up to you guys - trade what you like and don't take someone's opinion as a must :) GL
Currently Bitcoin software is still in beta with many incomplete features in active development. New tools, features, and services are being developed to make Bitcoin more secure and accessible to the masses. Some of these are still not ready for everyone. Most Bitcoin businesses are new and still offer no insurance. Currently its bit risky to invest in bitcoins rather I would prefer to invest in Gold.
Not at all :) Just the brokers will apply for licenses in exotic places in the world... and then will attract clients with high leverage but in different legal entity. To bring some more clearance, here is an example: Company 'A' is a solid EU regulated broker with many clients and the same broker establish company 'AA' in Marshal Islands. Now when a client (new, but this is valid also for current clients as well) comes to them asking to open a trade account, the company representative will explain - if the client open account with company 'A' then EU regulation should be applicable, but if he select company 'AA' which is the same company, the client may use conditions offered by 'AA'. :)
That won't kill Forex. Forex trading is here to stay. There are restrictions like that in the US and there are still plenty of Forex traders. Just because there are leverage restrictions it won't stop people putting in money
Derivatives are being regulated, and the same approach needs to be taken with cryptocurrency - the sooner the better. Cryptocurrency is currently where Binary Options were five or ten years ago...
(Spot) Forex is not 'dead'. Get your facts straight.
This thread is a collection of cryptocurrency-related articles that illustrate reasons why the 'crypto' market is a pure speculation play, and highlight the risks involved with cryptocurrency. Please contribute articles relevant to this thread's topic.
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