Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
16,674 Views
490 Replies
Biedrs kopš   8 ieraksti
Apr 11, 2019 at 10:46
So many ICOs right now. Everyone is trying to get in on the excitement of crypto. I would only consider trading the top 5 crypto and even then only in small amounts. More of a gamble than anything else. Even the oldest crypto BTC is very volatile
Biedrs kopš   5 ieraksti
Apr 17, 2019 at 11:37
To the people saying you don't need leverage to trade with Bitcoin, that's untrue.

Higher risks come with higher rewards... If you know what you're doing, and you work within the industry, you will be able to see the ups and down trends so you can push for short orders.

There's a lot of content and step-by-step tutorials you can read on the internet about trading with Bitcoin.

https://insidebitcoins.com/trading/bitcoin for instance, has a few brokers and explains the basics to beginners.
Biedrs kopš   17 ieraksti
Apr 17, 2019 at 11:45
JuanJoel posted:
To the people saying you don't need leverage to trade with Bitcoin, that's untrue.

Higher risks come with higher rewards... If you know what you're doing, and you work within the industry, you will be able to see the ups and down trends so you can push for short orders.

There's a lot of content and step-by-step tutorials you can read on the internet about trading with Bitcoin.

https://insidebitcoins.com/trading/bitcoin for instance, has a few brokers and explains the basics to beginners.

Have you ever looked at daily volatility of any coin, how many times you can survive before blowing up your accounts?

If you are talking about leveraging at 1:2 or 1:3 for shorting purpose as well, it is okay. But more than that for 'high risk high return' illusion is simply just insane, a small dump/pump will blow your accounts. If you know the fundamental of any Value at Risk (VAR) model, then you know what I mean.
Biedrs kopš   10 ieraksti
Apr 18, 2019 at 06:01
Can you explain more about the 'Value at Risk (VAR) model' - I have not head of that before? is it a way to trade crypto?
Biedrs kopš   17 ieraksti
Apr 18, 2019 at 06:26
MotoGP posted:
Can you explain more about the 'Value at Risk (VAR) model' - I have not head of that before? is it a way to trade crypto?

It is a factor to consider when you build trading strategy. VAR is common risk management model.

VaR are models that study the extreme events of your investment assets (Btc,eth in this case). Basically you divide the whole history data of BTC to equal-length periods (days - weeks), pick extreme point (up or down) in each period. And then build the model to simulate those extreme points arrays.

It answers the question what is the probability you will lose x% of your accounts in next period (days-weeks) if you trade y position.

There are many VaR model. I personally use Extreme Value Theory because it is easy to apply.

You may find some useful resources here:

- https://en.wikipedia.org/wiki/Extreme_value_theory
- https://www.statisticshowto.datasciencecentral.com/extreme-value-distribution/

A bit complicated but I hope it is helpful.
Apr 18, 2019 at 06:26
MotoGP posted:
Can you explain more about the 'Value at Risk (VAR) model' - I have not head of that before? is it a way to trade crypto?

https://en.wikipedia.org/wiki/Value_at_risk
Biedrs kopš   14 ieraksti
May 15, 2019 at 12:06
So you think it's all scam all this crypto world or how it's to explain ? I haven't read whole 42 pages of this thread, but basically I see forex like more stable source of income since it depends on real currencies and that's it, it's backed by something real.
delesh4889@
May 16, 2019 at 06:31



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Oct 05, 2019 at 13:48
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Oct 05, 2019 at 14:04
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Biedrs kopš   39 ieraksti
Oct 08, 2019 at 06:16
If you don’t have an emergency cash fund, you should not invest in cryptocurrency,. Don’t treat cryptocurrencies as an equivalent. While cryptocurrencies may be ‘liquid’ to trade against other cryptocurrency, they are not so liquid in real life. Withdrawing cryptocurrency and exchanging them for fiat always takes longer than you think. It can be an extremely arduous process.
Jan 07, 2020 at 08:14
CFTC has trouble locating director of fraudulent crypto scheme Control-Finance (6 Jan 2020)
https://financefeeds.com/cftc-trouble-locating-director-fraudulent-crypto-scheme-control-finance
Biedrs kopš   11 ieraksti
Jan 08, 2020 at 11:27
Gabriel99 posted:
If you don’t have an emergency cash fund, you should not invest in cryptocurrency,. Don’t treat cryptocurrencies as an equivalent. While cryptocurrencies may be ‘liquid’ to trade against other cryptocurrency, they are not so liquid in real life. Withdrawing cryptocurrency and exchanging them for fiat always takes longer than you think. It can be an extremely arduous process.
.


Crypto is still a very high risk asset. Sure you could make big gains but there could also be losses. I see crypto as a novelty speculation assets. Worth a few % of your account but no more
Biedrs kopš   27 ieraksti
Jan 27, 2020 at 19:54
I do not even understand what is this thread is about honestly. I thought it was about cryptos or something like that and now I see it's completely about something like your opinion and some other person opinion anyway so what gives honestly ?
Jan 28, 2020 at 08:33
Thines1 posted:
I do not even understand what is this thread is about honestly. I thought it was about cryptos or something like that and now I see it's completely about something like your opinion and some other person opinion anyway so what gives honestly ?

A valid opinion, but please back up your statements with links to articles or evidence.
Jan 28, 2020 at 08:35
As per Opening Post:

BluePanther posted:
...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.

Posted 19:35pm 28/01/2020
Jan 28, 2020 at 08:46
Thines1 posted:
I do not even understand what is this thread is about honestly. I thought it was about cryptos or something like that and now I see it's completely about something like your opinion and some other person opinion anyway so what gives honestly ?

This thread intends to balance the overly-optimistic perspectives on Cryptocurrencies as portrayed in other threads (especially Leo23s).

It is important that all aspects (both positive and negative) are considered before making an objective decision to invest. Discussion is fine, except when contrarian perspectives or information is censored. People should be permitted to make up their own minds and not be silenced simply because they speak the truth or hold opposing views.

Thank you for supporting free speech.
Jan 28, 2020 at 08:49
In other words, this thread is intended as the forum where those participants that have been censored in Leo23s post, have an opportunity to contribute their contrarian perspectives (with evidence please).
Jan 31, 2020 at 22:29
Uncovering the dark side of cryptocurrency | 60 Minutes Australia (posted Dec 28, 2019)



Timestamp: 09:30am 01/02/2020
Jan 31, 2020 at 22:53
Bitcoin: Beyond The Bubble - Full Documentary (posted Apr 20, 2018)



Timestamp: 09:53am 01/02/2020
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