Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
Vues 15,190
490 Replies
Membre depuis Jan 25, 2010   posts 1360
Apr 18, 2018 at 00:43
Membre depuis Jan 25, 2010   posts 1360
Apr 27, 2018 at 09:02
Cash (April 26, 2018)
https://qz.com/email/quartz-obsession/1260498/

‘OK, I’ll say it: bitcoin is a scam,’ says the former CEO of PayPal and Intuit (April 25, 2018)
https://www.marketwatch.com/story/this-is-the-greatest-scam-ever-according-to-former-ceo-of-both-paypal-and-intuit-2018-04-24
Membre depuis Jan 25, 2010   posts 1360
Apr 27, 2018 at 16:39
India Bans Bitcoin Wallets, Bank Funding, All Cryptocurrency Services (April 5, 2018)
https://protradingresearch.com/2018/04/05/india-bans-bitcoin-wallets-bank-funding-all-cryptocurrency-services/
Membre depuis Dec 28, 2013   posts 171
Apr 27, 2018 at 19:22
I thought trading bitcoin would be a nice plan for a weekend while forex exchanges are closed. It proved wrong for a couple of reasons. Cryptocurrencies are very volatile in all time frames, and they are very unpredictable, too. The spread is unbearably high with my broker, which prevents scalping. One simply cannot use technical indicators with at least BTCUSD.
Membre depuis Jan 12, 2014   posts 19
Apr 28, 2018 at 22:09 (édité Apr 28, 2018 at 22:10)
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing
Never Miss an Opportunity
Membre depuis Jan 25, 2010   posts 1360
Apr 29, 2018 at 08:51 (édité Apr 29, 2018 at 08:53)
Hzardous posted:
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing

Are you insinuating HODL is any better? Good luck with that sir. 😁
Membre depuis Jan 12, 2014   posts 19
Apr 29, 2018 at 13:04
My friend... Trend will always be my friend
Never Miss an Opportunity
Membre depuis Aug 27, 2017   posts 994
Apr 30, 2018 at 06:13
Hzardous posted:
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing

Crypto currency is much challenging, I see so many traders already lost a huge amount of money in 2018, because they expected such a bullish move here as like 2017.
Membre depuis Jan 25, 2010   posts 1360
May 15, 2018 at 18:47 (édité May 15, 2018 at 18:47)
Membre depuis Mar 30, 2011   posts 2
May 16, 2018 at 01:39
BluePanther posted:
 
Cryptocurrencies will be banned on a global scale (16 May 2018)
https://secure.caseyresearch.com/chain?cid=MKT355976&eid=MKT359555&encryptedSnaid=&snaid=&step=start

I'm not sure about banning but maybe they can regulate it because the cryptocurrency is also useful in some areas like anonymity. I know that Google will ban all cryptocurrency advertisement in July 2018 which is good to elimiate those ponzi scheme advertisement link to Bitcoin. I still believe that cryptocurrency specially Bitcoin that it's a great e-currency but worst as an investment.
Membre depuis Jan 25, 2010   posts 1360
May 17, 2018 at 19:57 (édité May 17, 2018 at 19:58)
'Raymond Merriman, president of Arizona-based Merriman Market Analyst — which bases market timing services for independent traders on astrological and other factors — said he expects bitcoin BTCUSD, -1.45% to fall to a new low before March 6, 2019, because Uranus will bounce back into Aries later this year before moving fully into Taurus on March 6. He told his clients they should not buy bitcoin unless it drops below 77% of its high of nearly $20,000 in December 2017. Bitcoin was worth $8,200 when this story was published, but Merriman expects it to drop to between $4,400 and $1,300 based astrology alone.'

People are buying bitcoin — because their horoscope said so (17 May 2018)
https://www.marketwatch.com/story/people-are-buying-bitcoin-because-their-horoscope-said-so-2018-05-17
Membre depuis Jan 25, 2010   posts 1360
May 17, 2018 at 20:39
balut posted:
BluePanther posted:
 
Cryptocurrencies will be banned on a global scale (16 May 2018)
https://secure.caseyresearch.com/chain?cid=MKT355976&eid=MKT359555&encryptedSnaid=&snaid=&step=start

I'm not sure about banning but maybe they can regulate it because the cryptocurrency is also useful in some areas like anonymity. I know that Google will ban all cryptocurrency advertisement in July 2018 which is good to elimiate those ponzi scheme advertisement link to Bitcoin. I still believe that cryptocurrency specially Bitcoin that it's a great e-currency but worst as an investment.

You were saying?...

European Union Approves Regulation To Combat Cryptocurrency Anonymity (17 May 2018)
https://www.ethnews.com/european-union-moves-against-cryptocurrency-anonymity

FEDS EYEING REGULATIONS TO HIT ANONYMITY OF CRYPTOCURRENCY (17 May 2018)
https://bitcoinist.com/feds-eyeing-regulations-to-hit-anonymity-of-cryptocurrency/
Membre depuis Jan 25, 2010   posts 1360
May 17, 2018 at 21:47
Bitcoin may fall below $8,000 as crypto confab fails to stoke buying, analyst says (17 May 2018)
https://www.marketwatch.com/story/bitcoin-may-fall-below-8000-as-crypto-confab-fails-to-stoke-buying-analyst-says-2018-05-17
Membre depuis Jan 25, 2010   posts 1360
May 23, 2018 at 00:29 (édité May 23, 2018 at 00:29)
AI and BitCoin...
Is this true? Is BitCoin a good thing or a bad thing?

Membre depuis Jan 25, 2010   posts 1360
Jun 19, 2018 at 07:29
Bitcoin may fall victim to its own popularity, BIS says (18 Jun, 2018)
https://www.forexcrunch.com/bitcoin-may-fall-victim-to-its-own-popularity-bis-says/
Membre depuis Mar 26, 2018   posts 31
Jun 21, 2018 at 10:53
Mistakes to Avoid Trade Cryptocurrencies

- Failing to keep up with information
- Investing everything at once
- Investing without an exit strategy
- Getting carried away by coin publicity
- Don’t put all of your eggs in one basket
- Start trading on Small money
Membre depuis Jun 14, 2018   posts 10
Jun 22, 2018 at 09:11
What do you mean by 'Start trading on Small money '. I like all the other points though
Membre depuis Jan 25, 2010   posts 1360
Jun 22, 2018 at 10:17
StanfordB posted:
What do you mean by 'Start trading on Small money '. I like all the other points though

I suppose invest according to your risk appetite: more investment = more risk.

@JamesAnderson Thank you for contributing.
Membre depuis Jan 25, 2010   posts 1360
Jun 24, 2018 at 21:28
Crypto-Collapse Resumes After Japan's Largest Exchange Halts Account Creation (23 June 2018)
https://protradingresearch.com/2018/06/22/crypto-collapse-resumes-after-japans-largest-exchange-halts-account-creation/

Cryptos tumble after Japanese exchanges ordered to improve practices (22 June 2018)
https://www.marketwatch.com/story/cryptos-tumble-on-news-japanese-exchanges-ordered-to-improve-practices-2018-06-22
Membre depuis Aug 27, 2017   posts 994
Jun 25, 2018 at 06:12
StanfordB posted:
What do you mean by 'Start trading on Small money '. I like all the other points though

May be, start the live trading with a ordinary trading balance since almost 98% new traders lose their 1st account.
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