Reasons why you should NOT trade cryptocurrencies

Elanbani posted:

Adribaasmet posted:
I see, there have so many account’s link in there, but the problem is; more than 80% account are too young; even less than 3 months.

I didn't get your point why you are saying that 80% accounts are young, I mean what you actually want to say.

BaldoN posted:

Elanbani posted:

Adribaasmet posted:
I see, there have so many account’s link in there, but the problem is; more than 80% account are too young; even less than 3 months.

I didn't get your point why you are saying that 80% accounts are young, I mean what you actually want to say.

Probably he means, that 80% of users here are new registered accounts (in the last 3 months). If these new registered accounts are newbies in the forex industry as well, it will be too risky for them to trade crypto :)

balticrain posted:
I think crypto is still worth it for a newbie.

BaldoN posted:

Elanbani posted:

Adribaasmet posted:
I see, there have so many account’s link in there, but the problem is; more than 80% account are too young; even less than 3 months.

I didn't get your point why you are saying that 80% accounts are young, I mean what you actually want to say.

Probably he means, that 80% of users here are new registered accounts (in the last 3 months). If these new registered accounts are newbies in the forex industry as well, it will be too risky for them to trade crypto :)

Some of investors’ worst fraud concerns around ICOs backed by Penn study (Aug 6, 2018)
https://www.marketwatch.com/story/some-of-investors-worst-fraud-concerns-around-icos-backed-by-penn-study-2018-08-06?siteid=rss&rss=1

Bitcoin price falls below $7,000, nears 3-week low (Aug 6, 2018)
https://www.marketwatch.com/story/bitcoin-price-falls-below-7000-loses-10-billion-in-value-over-the-weekend-2018-08-06?siteid=rss&rss=1

DFisher posted:

BaldoN posted:

Elanbani posted:

Adribaasmet posted:
I see, there have so many account’s link in there, but the problem is; more than 80% account are too young; even less than 3 months.

I didn't get your point why you are saying that 80% accounts are young, I mean what you actually want to say.

Probably he means, that 80% of users here are new registered accounts (in the last 3 months). If these new registered accounts are newbies in the forex industry as well, it will be too risky for them to trade crypto :)

Hey @Adribaasmet and @BaldoN I am a newbie on this forum but i am not new to the trading world, i think the same case might be with others also.

NotyaBusiness posted:
I avoid trading Crypto. Did it once but yeah it just is a money sucker. ESMA kinda fixed that now anyway.

CarlosMZ posted:

NotyaBusiness posted:
I avoid trading Crypto. Did it once but yeah it just is a money sucker. ESMA kinda fixed that now anyway.

Could you elaborate please? How is ESMA helping you not lose money?

davidwatson posted:
Maybe @NotyaBusiness think that restriction to leverage helps not losing the money.

NotyaBusiness posted:

CarlosMZ posted:

NotyaBusiness posted:
I avoid trading Crypto. Did it once but yeah it just is a money sucker. ESMA kinda fixed that now anyway.

Could you elaborate please? How is ESMA helping you not lose money?

I didn't say that. What I meant was, if you lose, you lose less than before. When the market goes against you it takes a smaller bite.

ICO Market More Than Doubled But Half Of ICOs Failed (11 Aug, 2018)
https://www.rttnews.com/story.aspx?Id=2925680

Bitcoin looks ‘very sick’ and the pain is not over, says analyst (10 Aug, 2018)
https://www.marketwatch.com/story/bitcoin-looks-very-sick-and-the-pain-is-not-over-says-analyst-2018-08-10?siteid=rss&rss=1

Crypto’s technical backdrop is deteriorating (10 Aug, 2018)
https://www.marketwatch.com/story/cryptos-technical-backdrop-is-deteriorating-2018-08-09?siteid=rss&rss=1

Adribaasmet posted:

NotyaBusiness posted:

CarlosMZ posted:

NotyaBusiness posted:
I avoid trading Crypto. Did it once but yeah it just is a money sucker. ESMA kinda fixed that now anyway.

Could you elaborate please? How is ESMA helping you not lose money?

I didn't say that. What I meant was, if you lose, you lose less than before. When the market goes against you it takes a smaller bite.

Hello mate; I am really interested to know more! Can you please elaborate more with the details?

LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!