Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
Przeglądane 16,171
490 Replies
Uczestnik z Feb 12, 2016   522 postów
Jul 31, 2018 at 14:49
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 :)
Uczestnik z Aug 27, 2017   994 postów
Aug 01, 2018 at 06:28
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 :)

Thank Baldo, yes you are right! Exactly, you got my points.
Uczestnik z Aug 01, 2018   11 postów
Aug 02, 2018 at 06:15
I think crypto is still worth it for a newbie. If you enter something small like a few hundred $$ and then see it as a purely speculative investment
Uczestnik z Jan 25, 2010   1360 postów
Aug 03, 2018 at 07:21
balticrain posted:
I think crypto is still worth it for a newbie.

Worth as much as a gamble at the casino. You are 99% certain to lose your money.

Not worth the effort of opening up a wallet. Don't waste your time.
Uczestnik z Jul 21, 2018   12 postów
Aug 03, 2018 at 07:27
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.
Uczestnik z Aug 03, 2018   10 postów
Aug 05, 2018 at 05:45
I think the 80% figure was just a guess. I think what he is trying to say is that most people on these forums don't know what they are talking about!
Uczestnik z Jan 25, 2010   1360 postów
Aug 07, 2018 at 06:16
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
Uczestnik z Jan 25, 2010   1360 postów
Aug 07, 2018 at 06:41
Uczestnik z Aug 06, 2018   19 postów
Aug 08, 2018 at 07:07
I avoid trading Crypto. Did it once but yeah it just is a money sucker. ESMA kinda fixed that now anyway.
The man who wants nothing is invincible.
Uczestnik z Feb 12, 2016   522 postów
Aug 09, 2018 at 13:04
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.
Surely, there are many users, which are newbies here but not new in the trading sector But if someone is newbie in the both places, should be careful with which instruments he will start trading :)
Uczestnik z Apr 07, 2015   55 postów
Aug 09, 2018 at 13:54
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?
Uczestnik z Aug 06, 2018   19 postów
Aug 10, 2018 at 07:19
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.
The man who wants nothing is invincible.
Uczestnik z Jul 27, 2018   16 postów
Aug 10, 2018 at 07:32
Maybe @NotyaBusiness think that restriction to leverage helps not losing the money.
Uczestnik z Aug 06, 2018   19 postów
Aug 10, 2018 at 10:42
davidwatson posted:
Maybe @NotyaBusiness think that restriction to leverage helps not losing the money.

Again! I never said that it 'helps not losing the money.'
The man who wants nothing is invincible.
Uczestnik z Aug 27, 2017   994 postów
Aug 12, 2018 at 05:50
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?
Uczestnik z Jan 25, 2010   1360 postów
Aug 12, 2018 at 09:55
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
Uczestnik z Aug 06, 2018   19 postów
Aug 13, 2018 at 06:24
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?

I explained my point about that here: https://www.myfxbook.com/community/general/esma-its-implication/1627551,14

Feel free to read it but I made my position and done arguing it. :)
The man who wants nothing is invincible.
Uczestnik z Aug 14, 2018   11 postów
Aug 14, 2018 at 10:41
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!
Uczestnik z Aug 14, 2018   6 postów
Aug 20, 2018 at 13:34
LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!

you can go with the brokers who don't fall under the arena of ESMA, if you want to enjoy leverage.
Uczestnik z Apr 07, 2015   55 postów
Aug 21, 2018 at 06:46
LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!
The leverage on cryptos is 2:1.
They are highly volatile, so that leverage makes sense.
You don't have to buy the whole bitcoin, nor do you have to trade bitcoins... You can always trade ETH, LTC, XRP and other coins.
I don't see what the problem is?
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