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Reasons why you should NOT trade cryptocurrencies
Anggota Sejak Jan 25, 2010
1360 pos
May 23, 2021 at 16:50
Anggota Sejak Jan 25, 2010
1360 pos
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/
Anggota Sejak Apr 28, 2021
9 pos
Anggota Sejak Jan 25, 2010
1360 pos
May 24, 2021 at 15:22
Anggota Sejak Jan 25, 2010
1360 pos
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/
Anggota Sejak May 25, 2021
9 pos
May 27, 2021 at 07:33
Anggota Sejak Oct 16, 2020
137 pos
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
Anggota Sejak Apr 05, 2021
9 pos
Jun 19, 2021 at 23:24
Anggota Sejak Mar 15, 2019
82 pos
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
Anggota Sejak Jan 25, 2010
1360 pos
Jun 20, 2021 at 11:46
Anggota Sejak Jan 25, 2010
1360 pos
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/
Anggota Sejak Jan 25, 2010
1360 pos
Jul 07, 2021 at 07:35
Anggota Sejak Jan 25, 2010
1360 pos
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/
Anggota Sejak Jan 25, 2010
1360 pos
Jul 18, 2021 at 07:01
Anggota Sejak Jan 25, 2010
1360 pos
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
Anggota Sejak Jun 08, 2021
10 pos
Jul 26, 2021 at 11:25
Anggota Sejak Jun 08, 2021
10 pos
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.
Anggota Sejak Jan 25, 2010
1360 pos
Jul 28, 2021 at 02:23
Anggota Sejak Jan 25, 2010
1360 pos
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/
Anggota Sejak Jun 17, 2021
11 pos
Jul 29, 2021 at 11:37
Anggota Sejak Jun 17, 2021
11 pos
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
Anggota Sejak Jul 20, 2020
399 pos
Sep 10, 2021 at 07:04
Anggota Sejak Jul 20, 2020
399 pos
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
Anggota Sejak Sep 14, 2021
1 pos
Anggota Sejak Sep 13, 2021
8 pos
Anggota Sejak Jun 14, 2021
53 pos
Anggota Sejak Jun 14, 2021
28 pos
Sep 23, 2021 at 07:34
Anggota Sejak Jun 14, 2021
28 pos
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
Anggota Sejak Sep 14, 2021
9 pos
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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