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Reasons why you should NOT trade cryptocurrencies

LemonFeather
May 25 at 12:38
posts 9
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

yana hansen (78678676)
May 27 at 07:33
posts 137
LemonFeather posted:
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

- Although I have lost half of the money that I put in Crypto, I am still hopeful that the prices will rise once again 😊.

milletplum
Jun 03 at 09:28
posts 9
It is that mindset that prevents bitcoin from hitting the floor .. Please do not sell they just see it as a blip and soon they will be millionaires . For many bitcoin is like a lottery ticket

Karlos Fandango (Smith2525)
Jun 19 at 23:24
posts 77
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?

Matt (BluePanther)
Jun 20 at 11:46
posts 1354
Matt (BluePanther)
Jul 07 at 07:35
posts 1354
Matt (BluePanther)
Jul 18 at 07:01
posts 1354
The Creator of Dogecoin Says He Now Believes That All Cryptocurrency Is Horrible (JULY 15, 2021)
https://futurism.com/creator-dogecoin-cryptocurrencies-horrible

karlaelliott
Jul 26 at 11:25
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.

Matt (BluePanther)
Jul 28 at 02:23
posts 1354
gwendolyncole
Jul 29 at 11:37
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

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