Pour utiliser le chat, veuillez vous connecter.
Retour aux contacts

Reasons why you should NOT trade cryptocurrencies

Edith1995
Oct 07 2018 at 06:21
posts 10
I have been looking for this... thanks for sharing. But to be honest cryptos carry a greater risk
AmDiab
Oct 07 2018 at 06:26
posts 718
niceGLer posted:
If you look at the daily chart of BTCUSD one can see that it is almost dead by now. No significant movements to any direction. In engineering language one can describe it as an exponential overshoot curve followed by attenuated oscillations (ringing). I wonder if this is a permanent situation?

That doesn’t mean, BTCUSD is over! Mate, the value of crypto market is really incredible! Maybe very soon, we’ll see such an outstanding move like 2017 for sure.
jamesgwyther
Oct 08 2018 at 12:23
posts 289
I trade Crypto. I enjoy it.
kieran (snapdragon1970)
Oct 08 2018 at 13:03
posts 1948
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
"They mistook leverage with genius".
Matt (BluePanther)
Oct 09 2018 at 10:04
posts 1358
snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.

SELL BTC!!! It will only go down! 😎
yellowman94
Oct 10 2018 at 08:08
posts 41
Thinking about risks related to crypto’s for a while now. Thanks for sharing, this was a great help.
vontogr (togr)
Oct 10 2018 at 10:01
posts 4862
BluePanther posted:
snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.

SELL BTC!!! It will only go down! 😎

The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
kieran (snapdragon1970)
Oct 10 2018 at 11:28
posts 1948
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
"They mistook leverage with genius".
Pipperidge
Oct 10 2018 at 13:37
posts 13
togr posted:
BluePanther posted:
snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.

SELL BTC!!! It will only go down! 😎

The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
On top of that:
https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/
https://finance.yahoo.com/news/yale-university-invested-two-cryptocurrency-122602108.html

Bitcoin and cryptos are here to stay. Where the prices will go - we'll have to wait and see. But the way I see it in the longterm - it will only go up.
jamesgwyther
Oct 10 2018 at 18:16
posts 289
snapdragon1970 posted:
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.

WHy I trade it up and down :)
vontogr (togr)
Oct 11 2018 at 08:07
posts 4862
snapdragon1970 posted:
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
@Kieran I like your motto
Matt (BluePanther)
Oct 11 2018 at 14:52
posts 1358
Pipperidge posted:
togr posted:
BluePanther posted:
snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.

SELL BTC!!! It will only go down! 😎

The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
On top of that:
https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/
https://finance.yahoo.com/news/yale-university-invested-two-cryptocurrency-122602108.html

Bitcoin and cryptos are here to stay. Where the prices will go - we'll have to wait and see. But the way I see it in the longterm - it will only go up.

You HODLer. 😀
'Everything' goes up - it's called INFLATION. 😝
Tiffany (TiffanyK)
Oct 11 2018 at 14:55
posts 427
BluePanther posted:
You HODLer. 😀
'Everything' goes up - it's called INFLATION. 😝

Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.
Accept the loss as experience
Matt (BluePanther)
Oct 12 2018 at 05:52
posts 1358
TiffanyK posted:
Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.

1. 'I [would] HODL some too.' Do you HODL or not? You either DO or you DON'T.
2. Fine if you HODL, but don't be an investor that 'diversifies':

“Wide diversification is only required when investors do not understand what they are doing.”
- Warren Buffet

'The most successful investors don't diversify. Rather, they FOCUS and specialize. They get to know the investment category they invest in and how the business works better than anyone else.'
- Robert Kiyosaki

https://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/July-2016/Why-Diversification-is-Bad-Investment-Advice.aspx
kieran (snapdragon1970)
Oct 12 2018 at 12:11
posts 1948
togr posted:
snapdragon1970 posted:
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
@Kieran I like your motto

Cheers, I see you have lots of work on different accounts, that's what I call good learning.
"They mistook leverage with genius".
jamesgwyther
Oct 12 2018 at 16:39
posts 289
BluePanther posted:
TiffanyK posted:
Can you blame him?
I'd HODL some too.
Just enough that it doesn't hurt much if/when it crashes.
And at the same to a good enough number so that it can bring in a handsome profit if it ever blows up like it did last December.

1. 'I [would] HODL some too.' Do you HODL or not? You either DO or you DON'T.
2. Fine if you HODL, but don't be an investor that 'diversifies':

“Wide diversification is only required when investors do not understand what they are doing.”
- Warren Buffet

'The most successful investors don't diversify. Rather, they FOCUS and specialize. They get to know the investment category they invest in and how the business works better than anyone else.'
- Robert Kiyosaki

https://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/July-2016/Why-Diversification-is-Bad-Investment-Advice.aspx

Surely spreading your risk is a good idea though?
Matt (BluePanther)
Oct 14 2018 at 06:47
posts 1358
jamesgwyther posted:
Surely spreading your risk is a good idea though?

Results speak for themselves. Conventional advice recommends spreading risk: ergo the lack-luster results most people.
tradeFX4btc
Oct 14 2018 at 10:00
posts 140
I don't see any issue with trading crypto currencies that have a fixed supply. It's better long term(store of value) than holding fiat that slowly inflates.
Adribaasmet
Oct 21 2018 at 07:05
posts 994
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!
RichPort
Oct 23 2018 at 11:06
posts 9
I theory that makes sense but crypto is not a mature market. It is stull developing. It could be banned or regulated or there could be some huge theft of funds that drives away investors. These things could all mean that crypto like Bitcoin could go from $6000 to $0
Veuillez vous connecter pour commenter .