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Reasons why you should NOT trade cryptocurrencies

davidwatson
Oct 23 2018 at 11:06
16 ieraksti
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!


I'm with you on this.

togr (togr)
Oct 23 2018 at 11:25
4862 ieraksti
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!


I'm with you on this.


Well it should be
Crypto is down a lot know but in nearby years it should change

BluePanther (BluePanther)
Oct 24 2018 at 06:19
1347 ieraksti
RichPort posted:
I theory that makes sense but crypto is not a mature market. It is stull developing. It could be banned or regulated or there could be some huge theft of funds that drives away investors. These things could all mean that crypto like Bitcoin could go from $6000 to $0


I quite agree.

tradeFX4btc posted:
I don't see any issue with trading crypto currencies that have a fixed supply. It's better long term(store of value) than holding fiat that slowly inflates.


'Fixed' supply you say? I do not agree: supply can be manipulated as easily as IP addresses were increased from IPV4 to IPV6 (source: https://en.wikipedia.org/wiki/IP_address).

Anything in a computer can be manipulated. Only physical assets (eg. gold, silver) cannot be.

BluePanther (BluePanther)
Oct 24 2018 at 10:21
1347 ieraksti
86% of 2017 ICOs are now in the red, Ernst & Young study finds (22 Oct, 2018)
https://www.marketwatch.com/story/86-of-2017-icos-are-now-in-the-red-ernst-young-study-finds-2018-10-20


ICO swindlers have absconded with some $100 million in investor dough, research firm says (15 Aug, 2018)
https://www.marketwatch.com/story/ico-swindlers-have-absconded-with-some-100-million-in-investor-dough-research-firm-says-2018-08-15


SEC fines, bars alleged fraudulent ICO promoter (14 Aug, 2018)
https://www.marketwatch.com/story/sec-fines-bars-alleged-fraudulent-ico-promoter-2018-08-14


The SEC created a fake ICO website to show just how easy it is to scam investors (16 May, 2018)
https://www.marketwatch.com/story/the-sec-created-a-mock-ico-website-to-show-just-how-easy-it-is-for-investors-to-get-fleeced-2018-05-16


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

yellowman94
Oct 24 2018 at 14:29
41 ieraksti
togr posted:
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!


I'm with you on this.


Well it should be
Crypto is down a lot know but in nearby years it should change

who knows what will happen in nearby years. i think crypto's will again make a great jump.

jamesgwyther
Oct 25 2018 at 14:18
289 ieraksti
Trade it up and down is the best way ;)

Faneel (Faneel)
Nov 06 2018 at 11:14
11 ieraksti
yellowman94 posted:
togr posted:
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!


I'm with you on this.


Well it should be
Crypto is down a lot know but in nearby years it should change

who knows what will happen in nearby years. i think crypto's will again make a great jump.


I would have forgotten about cryptocurrencies. They have already reached their peak. It is time to return to trading with conventional currencies. 😄

Adribaasmet
Nov 20 2018 at 07:58
937 ieraksti
Faneel posted:
yellowman94 posted:
togr posted:
davidwatson posted:
Adribaasmet posted:
I think, investing on crypto with a long term view (like couple of years) would be much profitable than trading!


I'm with you on this.


Well it should be
Crypto is down a lot know but in nearby years it should change

who knows what will happen in nearby years. i think crypto's will again make a great jump.


I would have forgotten about cryptocurrencies. They have already reached their peak. It is time to return to trading with conventional currencies. 😄


Actually, trading with the major FX currency is the best practice! But, I like invest my money on Crypto instead of trading.

togr (togr)
Nov 20 2018 at 08:57
4862 ieraksti
When the BTC price was stable around 6,500 there was not much to trade.
Nowadays market are crazy, just check XRP - new favourite for investors.
may overcome BTC one day.

BluePanther (BluePanther)
Nov 20 2018 at 15:24
1347 ieraksti
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