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Reasons why you should NOT trade cryptocurrencies
Membre depuis Jan 25, 2010
posts 1360
May 23, 2021 at 16:50
Membre depuis Jan 25, 2010
posts 1360
Tether fraud waiting to blow up Crypto markets (MAY 23, 2021)
https://globalintelhub.com/tether-fraud-waiting-to-blow-up-crypto-markets/
https://globalintelhub.com/tether-fraud-waiting-to-blow-up-crypto-markets/
Membre depuis Apr 28, 2021
posts 9
Membre depuis Jan 25, 2010
posts 1360
May 24, 2021 at 15:22
Membre depuis Jan 25, 2010
posts 1360
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/
https://globalintelhub.com/people-behind-crypto-protocol-defi100-may-have-absconded-with-32m-in-investor-funds/
Membre depuis May 25, 2021
posts 9
May 27, 2021 at 07:33
Membre depuis Oct 16, 2020
posts 137
LemonFeather posted:- Although I have lost half of the money that I put in Crypto, I am still hopeful that the prices will rise once again 😊.
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
Membre depuis Apr 05, 2021
posts 9
Jun 19, 2021 at 23:24
Membre depuis Mar 15, 2019
posts 82
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
Membre depuis Jan 25, 2010
posts 1360
Jun 20, 2021 at 11:46
Membre depuis Jan 25, 2010
posts 1360
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/
https://globalintelhub.com/the-tether-scandal-the-biggest-threat-to-the-crypto-ecosystem/
Membre depuis Jan 25, 2010
posts 1360
Jul 07, 2021 at 07:35
Membre depuis Jan 25, 2010
posts 1360
Brothers Abscond With $4 Billion In Crypto Stolen From South African Exchange (JULY 6, 2021)
https://globalintelhub.com/brothers-abscond-with-4-billion-in-crypto-stolen-from-south-african-exchange/
https://globalintelhub.com/brothers-abscond-with-4-billion-in-crypto-stolen-from-south-african-exchange/
Membre depuis Jan 25, 2010
posts 1360
Jul 18, 2021 at 07:01
Membre depuis Jan 25, 2010
posts 1360
The Creator of Dogecoin Says He Now Believes That All Cryptocurrency Is Horrible (JULY 15, 2021)
https://futurism.com/creator-dogecoin-cryptocurrencies-horrible
https://futurism.com/creator-dogecoin-cryptocurrencies-horrible
Membre depuis Jun 08, 2021
posts 10
Jul 26, 2021 at 11:25
Membre depuis Jun 08, 2021
posts 10
There are both pros and cons for trading cryptos. But like @LemonFeather said, there are chances for cryptos to gain more value as well. Whether or not to trade cryptos is up to every individual choice, but I personally think they have good growth prospects in the technology driven future.
Membre depuis Jan 25, 2010
posts 1360
Jul 28, 2021 at 02:23
Membre depuis Jan 25, 2010
posts 1360
Tether Executives Said to Face Criminal Probe Into Bank Fraud (JULY 26, 2021)
https://globalintelhub.com/tether-executives-said-to-face-criminal-probe-into-bank-fraud/
https://globalintelhub.com/tether-executives-said-to-face-criminal-probe-into-bank-fraud/
Membre depuis Jun 17, 2021
posts 11
Jul 29, 2021 at 11:37
Membre depuis Jun 17, 2021
posts 11
Here are a few reasons that can hold you back from investing in cryptocurrency.
• It is highly volatile
• It is an unregulated space
• Legal issues can pop up
• The market is prone to illegal activities
• Do not invest if you do not understand the market and its working procedure
• It is highly volatile
• It is an unregulated space
• Legal issues can pop up
• The market is prone to illegal activities
• Do not invest if you do not understand the market and its working procedure
Membre depuis Jul 20, 2020
posts 399
Sep 10, 2021 at 07:04
Membre depuis Jul 20, 2020
posts 399
gwendolyncole posted:
Here are a few reasons that can hold you back from investing in cryptocurrency.
• It is highly volatile
• It is an unregulated space
• Legal issues can pop up
• The market is prone to illegal activities
• Do not invest if you do not understand the market and its working procedure
Completely agree with this. You need to know what you're doing and not go in half heartedly. You need to make sure you can afford what you risk and also you can stomach the volatility. 10% swings are very comment and that not might sound like a lot with a couple of hundred at stake but if you have a couple of thousand those swings hit a lot differently
Membre depuis Sep 14, 2021
posts 1
Membre depuis Sep 13, 2021
posts 8
Membre depuis Jun 14, 2021
posts 53
Membre depuis Jun 14, 2021
posts 28
Sep 23, 2021 at 07:34
Membre depuis Jun 14, 2021
posts 28
CraigMcG2020 posted:I believe traders already are risk takers. When you are trading, you are not doing anything with 100% certainty. Confident traders are those who don't expose themselves to the risk they can’t afford to take.gwendolyncole posted:
Here are a few reasons that can hold you back from investing in cryptocurrency.
• It is highly volatile
• It is an unregulated space
• Legal issues can pop up
• The market is prone to illegal activities
• Do not invest if you do not understand the market and its working procedure
Completely agree with this. You need to know what you're doing and not go in half heartedly. You need to make sure you can afford what you risk and also you can stomach the volatility. 10% swings are very comment and that not might sound like a lot with a couple of hundred at stake but if you have a couple of thousand those swings hit a lot differently
Sep 23, 2021 at 10:25
Membre depuis Sep 14, 2021
posts 9
necolesilvers posted:CraigMcG2020 posted:I believe traders already are risk takers. When you are trading, you are not doing anything with 100% certainty. Confident traders are those who don't expose themselves to the risk they can’t afford to take.gwendolyncole posted:
Here are a few reasons that can hold you back from investing in cryptocurrency.
• It is highly volatile
• It is an unregulated space
• Legal issues can pop up
• The market is prone to illegal activities
• Do not invest if you do not understand the market and its working procedure
Completely agree with this. You need to know what you're doing and not go in half heartedly. You need to make sure you can afford what you risk and also you can stomach the volatility. 10% swings are very comment and that not might sound like a lot with a couple of hundred at stake but if you have a couple of thousand those swings hit a lot differently
There is risk in everything we do. The important thing is to understand and manage the risk. Nothing can be gained without risk
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