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Reasons why you should NOT trade cryptocurrencies

Balint364674yy
Feb 26 2020 at 13:27
posts 10
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.

Matt (BluePanther)
Feb 27 2020 at 14:14
posts 1354
The Mad Quant (madquant)
Feb 27 2020 at 15:15
posts 52
I tested trading BTC but my problem with it is liquidity and the data is not enough.

Ekvador
Feb 28 2020 at 08:03
posts 11
Cryptocurrencies hard to predict than other assets.

saturdayresearch
Feb 28 2020 at 10:52
posts 9
BTC needs to be a long term Buy or a Long term sell, that is it. NO day trading as it too volatile and costs are too high

Matt (BluePanther)
Mar 08 2020 at 01:37
posts 1354
Maidas888
Mar 08 2020 at 20:38
posts 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.


I find crypto way to unpredictable at times

Maidas888
Mar 08 2020 at 20:39
posts 24
saturdayresearch posted:
BTC needs to be a long term Buy or a Long term sell, that is it. NO day trading as it too volatile and costs are too high


I agree mate it’s a hard grind, I’ve made most money shorting

Matt (BluePanther)
Mar 09 2020 at 04:42
posts 1354
Matt (BluePanther)
Mar 09 2020 at 08:46
posts 1354
BITCOIN MANIPULATION BY CME?! STOLEN BITCOIN DUMPED! BITCOIN DUMP PRICE PREDICTION! BTC & ETH TA (MAR 9, 2020)

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