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Reasons why you should NOT trade cryptocurrencies

CleanTrader
Feb 21 2018 at 12:36
posts 13
There is money to be mad in cryto but it is all very speculative. I would never dream of putting any serious funds into it
Adribaasmet
Feb 21 2018 at 14:33
posts 994
CleanTrader posted:
There is money to be mad in cryto but it is all very speculative. I would never dream of putting any serious funds into it

So true, but I think it’s a good option as a long time investment!
DrVodka
Feb 22 2018 at 05:52
posts 297
crypto is to risky for training !!!! i use crypto is my long investment/retirement
DrVodka
Feb 22 2018 at 05:52
posts 297
Tiffany (TiffanyK)
Feb 28 2018 at 16:08
posts 427
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
Accept the loss as experience
AmDiab
Feb 28 2018 at 16:39
posts 718
DrVodka posted:
crypto is to risky for training !!!! i use crypto is my long investment/retirement

It’s a good plan! For short-term trading cryto is too much risky; I have also a buy trade from 2K (BTC/USD)! I am holding this trade with a long time target.
viveks75
Mar 11 2018 at 15:11
posts 1
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.

https://yourstory.com/mystory/06eb393550-rajesh-exports-md-a-b
https://innertowords.com/rajesh-exports-md-investing-gold-far-better-option-crypto-currencies/
johndoe2016
Mar 27 2018 at 08:20
posts 58
Baldo (BaldoN)
Mar 27 2018 at 13:33
posts 522
johndoe2016 posted:
Like I said

https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors

Forex is dead in the EU.

Now crypto will rise.

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'. :)

This is just very basic example :)
vontogr (togr)
Mar 27 2018 at 13:33
posts 4862
Trading crypto is like driving F1 - lot of adrenalin, lot of profit.
Trading forex is calm and stable income, but boring.
Wingandprayer
Mar 27 2018 at 13:39
posts 13
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
Tiffany (TiffanyK)
Mar 28 2018 at 14:16
posts 427
togr posted:
Trading crypto is like driving F1 - lot of adrenalin, lot of profit.
Trading forex is calm and stable income, but boring.
I absolutely agree with this.... :)
Accept the loss as experience
Matt (BluePanther)
Mar 28 2018 at 14:45
posts 1356
johndoe2016 posted:
Like I said

https://www.esma.europa.eu/press-news/esma-news/esma-agrees-prohibit-binary-options-and-restrict-cfds-protect-retail-investors

Forex is dead in the EU.

Now crypto will rise.

The link you provided is NOT referring to Spot Forex.
The link you provided refers to DERIVATIVES of Spot Forex, namely CFDs (Contract For Difference) and Binary Options.

An explanation of the difference between Spot Forex and Forex CFDs:
https://money.stackexchange.com/questions/45576/what-is-the-difference-between-spot-forex-trading-and-cfd-forex-trading?utm_medium=organic&utm_source=google_rich_qa&utm_campaign=google_rich_qa

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.
Matt (BluePanther)
Mar 28 2018 at 15:27
posts 1356
SloveniaRules
Mar 29 2018 at 11:12
posts 9
Interesting chart but I would take a 26000% gain one year and a -76% fall the next any day of the week
vontogr (togr)
Mar 29 2018 at 11:53
posts 4862
BluePanther posted:
Crypto market-cap dips below $300 billion as doom and gloom continues (27 Mar 2018)
https://www.marketwatch.com/story/crypto-market-cap-dips-below-300-billion-as-bitcoin-nears-long-term-support-2018-03-27



You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)
Matt (BluePanther)
Apr 01 2018 at 04:04
posts 1356
Matt (BluePanther)
Apr 01 2018 at 04:06
posts 1356
togr posted:
You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)

True, the comparison chart only displays partial results for 2018 compared to whole year results for 2017. Early days yet for this year (things may only get worse).

Keep in mind: a loss of 50% requires a gain of 100% to recover.
AmDiab
Apr 11 2018 at 06:50
posts 718
togr posted:
BluePanther posted:
Crypto market-cap dips below $300 billion as doom and gloom continues (27 Mar 2018)
https://www.marketwatch.com/story/crypto-market-cap-dips-below-300-billion-as-bitcoin-nears-long-term-support-2018-03-27



You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)

Maybe, it will! But, right now it’s under 7000 USD. Really frustrating.
vontogr (togr)
Apr 11 2018 at 13:43
posts 4862
AmDiab posted:
togr posted:
BluePanther posted:
Crypto market-cap dips below $300 billion as doom and gloom continues (27 Mar 2018)
https://www.marketwatch.com/story/crypto-market-cap-dips-below-300-billion-as-bitcoin-nears-long-term-support-2018-03-27



You are comparing the whole year of 2017 with couple of months of 2018. At the end of 2018 these number will look completely different. Hopefully better :)

Maybe, it will! But, right now it’s under 7000 USD. Really frustrating.

Do you know in JAN 17 it was under 1,000 :)
at $880
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