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Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....

leo23
Aug 16 2017 at 06:03
567 postów
This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex.

Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.

We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain is possible in cryptos which is absolutely impossible in forex and many people might have been struggling for years to achieve that % gains, but provided you don't day trade in cryptos.

As long as you have invested in some top cryptos there is no chance of price going to zero and hence, just need to hold and you are always safe as long as ONLY you have access to your wallet.

Anyone who loves to trade cryptos can make their views and update latest information about crypto market.
Artificial General Intelligence
leo23
Aug 16 2017 at 10:22
567 postów
Bitcoin seems to oscillate around the price range of 4000 USD per BTC. I expect the price to reach 5000 USD within a couple of weeks, but of course there might be pull backs around 3500 USD before it reaches 5000 USD per BTC.

Etherium is the next competitor after Bitcoin and there are also so many altcoins rallying to reach near the top 10 coins. Currently, the total market capital is around 135 Billion USD with a 24 hours volume of 5 Billion per day which is of course a very small number compared to 5 trillion a day of forex market.
Artificial General Intelligence
leo23
Aug 22 2017 at 06:19
567 postów
Now, Bitcoin is all set to rally for the next target 5000 USD per BTC. But pull back can be still expected till 3700 or even 3500 USD before it hits 5000 USD.

Large traders have made enough money by moving their money back and forth from Bitcoin to Bitcoin cash and vice versa within a matter of few weeks.
Artificial General Intelligence
leo23
Sep 03 2017 at 06:54
567 postów
Finally, Bitcoin has hit 5000 USD per BTC as I posted in my previous post. Of course, a pull back has happened after it hit the 5000 USD resistance.

Now, 5000 USD will act as a support and I expect Bitcoin rate of increase to be accelerated at much higher rate in coming weeks with much higher range of daily volatility. It may vary around 1000 USD per day when it will cross 6000 USD or more.

By end of this year 2017 I expect the BTC price to be at least 10,000 USD per BTC if not higher. But it can be as high as 12,000 USD per BTC as well by end of December 2017.
Artificial General Intelligence
michalinaobrien
Sep 06 2017 at 06:37
22 postów
I think the real key is making bitcoin easier to understand for the general public. If a regular person has to worry about security of wallets/exchanges/etc. then it will be hard for bitcoin to get broad circulation. But as any new technology it could take years to work the kinks out and really get the motor going. Here's an article related to this topic https://www.itrader.com/en/article/bitcoin-value
leo23
Sep 06 2017 at 12:58
567 postów
michalinaobrien posted:
I think the real key is making bitcoin easier to understand for the general public. If a regular person has to worry about security of wallets/exchanges/etc. then it will be hard for bitcoin to get broad circulation. But as any new technology it could take years to work the kinks out and really get the motor going. Here's an article related to this topic https://www.itrader.com/en/article/bitcoin-value
Yes, you are correct. Many people just ignore Bitcoin assuming this as another virtual currency like perfectmoney owned by a company and people don't realize the difference between virtual currency and cryptocurrency.

Rather than just a currency, Bitcoin is the biggest and first example of a new technology by which money can be decentralised and not having any control by any particular government which is a very good thing for everyone. Following and imitating Bitcoin now hundreds of other cryptocurrencies are developed and now used as well, but only in specific countries and specific companies.

So even though Bitcoin may not be widely used, one of the other cryptocurrencies will take over the global market and may be within a matter of another 10 to 20 years the cryptocurrency market will compete with Forex market.

For storing cryptocurrencies like Bitcoin and Etherium I think hardware wallet 'Ledge Nano S' is the best though I never used it.

My next target for Bitcoin is to quickly reach to 8000 USD within next 1 to 2 months.
Artificial General Intelligence
AniLorak
Sep 06 2017 at 14:53
920 postów
Thank you very much for your decision, never used cryptocurrencies! But, I am very interested to see your market analysis, all the best!
AmDiab
Sep 06 2017 at 14:53
718 postów
Crypto instruments are different from general trading instruments! Till now, many brokers don’t add this trading instrument into their platform! But I really appreciate your effort.
leo23
Sep 07 2017 at 06:18
567 postów
AmDiab posted:
Crypto instruments are different from general trading instruments! Till now, many brokers don’t add this trading instrument into their platform! But I really appreciate your effort.
@AmDiab
Please note that cryptocurrency trading is completely different than forex trading. So never try to margin trade or day trade cryptocurrency using a forex broker. The best way to make money from cryptocurrencies in long run is to buy the cryptocurrencies and keep it in a hardware wallet by exchange trading.

Of course, no one has to follow my advice and this is just my personal opinion that cryptocurrency should be traded only in exchange trading mode and not through margin trading due to high volatility and you can easily get stopped out no matter whatever is your stoploss since it varies upto 50% within a matter of few days or weeks.
Artificial General Intelligence
Nutter21
Sep 07 2017 at 14:55
13 postów
Crypto trading is much riskier than normal Forex. I would take caution
Tiffany (TiffanyK)
Sep 08 2017 at 06:24
427 postów
Is really the crypto trading much riskier? Is it because it's more unknown or new? No arguments here - I am interested to see your point of view guys :)
Accept the loss as experience
leo23
Sep 10 2017 at 06:40
567 postów
TiffanyK posted:
Is really the crypto trading much riskier? Is it because it's more unknown or new? No arguments here - I am interested to see your point of view guys :)
I will say that cryptotrading using Margin trading is risky, but exchange trading is 99% safe if you save your cryptos in a hardware wallet. It is like you buy some other currency notes and saving it in your purse.

But in margin trading, for example if you are trading EURUSD it is very unlikely for EURUSD price to be half or double in few days. But if you are trading BTCUSD or cryptos, then it is possible for the price to double or half in few days or weeks and hence, any stoploss may not work.

Another risk is lack of liquidity in cryptocurrencies which is not is the case in forex trading. So in my view point cryptocurrency through margin trading is risky, but exchange trading is safe.
Artificial General Intelligence
vontogr (togr)
Sep 10 2017 at 06:41
4862 postów
leo23 posted:
This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex.

Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.

We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain is possible in cryptos which is absolutely impossible in forex and many people might have been struggling for years to achieve that % gains, but provided you don't day trade in cryptos.

As long as you have invested in some top cryptos there is no chance of price going to zero and hence, just need to hold and you are always safe as long as ONLY you have access to your wallet.

Anyone who loves to trade cryptos can make their views and update latest information about crypto market.

 just need to hold and you are always safe as long as ONLY you have access to your wallet.

Thats is a pure nonsense. When you buy BTC at some point lets say $4000 and you speculate it will go to $6000 and it will go to $2000
you loose 50% in a week. SO it is the very same as trading gold. Price of the commodity(btc or gold) in USD (or other currencies) fluctuates up and down.
Lex Smirnoff (SmirnoffLex)
Sep 10 2017 at 07:10
1 postów
Trading crypto is riskier than any other financial instrument:
1. New instrument with NO (small) history, what means no behaviours and clear characteristic.
2. To many panic around it with no understand where and why it should go. Yeah, sure UP! But why? Ah yes, crypto panic 'new technologies', 'revolution' and etc.
3. Might crush any moment (so volatility is unpredictable), cause there is a groop of people who control it. Now they have interest to push up until...? They will decide this.
Robots (AI) our future, there we invest
Osiris (kebayamwamba)
Sep 10 2017 at 09:34
116 postów



Załączniki:

can the pursuit of wealth be automated?
leo23
Sep 10 2017 at 11:41
567 postów
togr posted:
leo23 posted:
This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex.

Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.

We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain is possible in cryptos which is absolutely impossible in forex and many people might have been struggling for years to achieve that % gains, but provided you don't day trade in cryptos.

As long as you have invested in some top cryptos there is no chance of price going to zero and hence, just need to hold and you are always safe as long as ONLY you have access to your wallet.

Anyone who loves to trade cryptos can make their views and update latest information about crypto market.

 just need to hold and you are always safe as long as ONLY you have access to your wallet.

Thats is a pure nonsense. When you buy BTC at some point lets say $4000 and you speculate it will go to $6000 and it will go to $2000
you loose 50% in a week. SO it is the very same as trading gold. Price of the commodity(btc or gold) in USD (or other currencies) fluctuates up and down.
You will loose 50% if you sell the BTC at 2000 USD, otherwise, NOT. So your argument is pointless.

Crytpotrading like BTC or any other cryptos is NOT for you:
1.If you want speculate for few days or weeks expecting for profit.
2.If you want to day trade or margin trade like forex
3.If you want to make consistent steady gains every week or every month like forex
4.If you are worried about drawdowns

You should ONLY invest in cryptos which you are 100% sure to hold for at least for few months or 1 to 2 years, Otherwise, never invest in cryptos. That sudden increase in price from 2000 USD to 4000 USD was because of fundamental reason which very few traders take advantage of and they don't sell of BTC at low price if they have bought at high price.

It is not like a forex trading and neither it is a commodity trading like gold. It is like trading a new technology which is blockchain technology.

Also, what if the BTC price will go 100,000 USD per BTC in 2020 as some market analyst say.

By the way, BTC trading is not for small investors any more since the price has gone to 4000 USD and above. But there are hundreds of new potential coins based on blockchain which can be bought and hold at very low cost for thousands of % gain within 1 to 2 years and that's why I created this thread to inform about other cryptos as well.

BTC will anyway go up, but up to what price nobody knows and will go below what price also nobody know. Just need to buy and hold if someone want to and if he can handle any drawdown.





Artificial General Intelligence
Osiris (kebayamwamba)
Sep 10 2017 at 12:44
116 postów
btc will fall to 200-450

it's now a suckers market




Załączniki:

can the pursuit of wealth be automated?
leo23
Sep 11 2017 at 06:33
567 postów
@kebayamwamba
The analysis and representation is very funny.

The BTC is ready to rally for a 50K per BTC or 100K per BTC in coming 1 to 2 years. My nearest target will be 6K,7K,8K very soon.

Of course, for every drawdown in BTC people have been telling the same thing that BTC will be dead and it will go to zero etc from the date of creation of BTC from 2009, but it will not and will continue to grow more and more.

Sometimes hype is being created by big players to make the BTC price fall just for them to get a better BTC buy rate before it hit's big highs for sell off for quick gains and that's all.
Artificial General Intelligence
Osiris (kebayamwamba)
Sep 11 2017 at 08:26
116 postów
leo23 posted:
@kebayamwamba
The analysis and representation is very funny.

The BTC is ready to rally for a 50K per BTC or 100K per BTC in coming 1 to 2 years. My nearest target will be 6K,7K,8K very soon.

Of course, for every drawdown in BTC people have been telling the same thing that BTC will be dead and it will go to zero etc from the date of creation of BTC from 2009, but it will not and will continue to grow more and more.

Sometimes hype is being created by big players to make the BTC price fall just for them to get a better BTC buy rate before it hit's big highs for sell off for quick gains and that's all.

it's okay

the way you firmly believe it's a buy, it's the same way i believe it's a sell

time will prove either of us
can the pursuit of wealth be automated?
vontogr (togr)
Sep 11 2017 at 08:26
4862 postów
leo23 posted:
togr posted:
leo23 posted:
This topic I am creating to keep on updating about the latest news of cryptocurrencies who love to trade cryptos rather than forex.

Finally, Bitcoin has crossed a price level of 4000 USD and now at the time of writing this post, the price is around 4300 USD per BTC which is absolutely insane. Just few weeks ago it was below 2000 USD and so it is a 100% gain in few weeks.

We love to trade cryptos because you can simply buy and hold the cryptos in your wallet and there is no question of margin call which generally happens in forex trading if price goes significantly against you. Almost any % gain is possible in cryptos which is absolutely impossible in forex and many people might have been struggling for years to achieve that % gains, but provided you don't day trade in cryptos.

As long as you have invested in some top cryptos there is no chance of price going to zero and hence, just need to hold and you are always safe as long as ONLY you have access to your wallet.

Anyone who loves to trade cryptos can make their views and update latest information about crypto market.

 just need to hold and you are always safe as long as ONLY you have access to your wallet.

Thats is a pure nonsense. When you buy BTC at some point lets say $4000 and you speculate it will go to $6000 and it will go to $2000
you loose 50% in a week. SO it is the very same as trading gold. Price of the commodity(btc or gold) in USD (or other currencies) fluctuates up and down.
You will loose 50% if you sell the BTC at 2000 USD, otherwise, NOT. So your argument is pointless.

Crytpotrading like BTC or any other cryptos is NOT for you:
1.If you want speculate for few days or weeks expecting for profit.
2.If you want to day trade or margin trade like forex
3.If you want to make consistent steady gains every week or every month like forex
4.If you are worried about drawdowns

You should ONLY invest in cryptos which you are 100% sure to hold for at least for few months or 1 to 2 years, Otherwise, never invest in cryptos. That sudden increase in price from 2000 USD to 4000 USD was because of fundamental reason which very few traders take advantage of and they don't sell of BTC at low price if they have bought at high price.

It is not like a forex trading and neither it is a commodity trading like gold. It is like trading a new technology which is blockchain technology.

Also, what if the BTC price will go 100,000 USD per BTC in 2020 as some market analyst say.

By the way, BTC trading is not for small investors any more since the price has gone to 4000 USD and above. But there are hundreds of new potential coins based on blockchain which can be bought and hold at very low cost for thousands of % gain within 1 to 2 years and that's why I created this thread to inform about other cryptos as well.

BTC will anyway go up, but up to what price nobody knows and will go below what price also nobody know. Just need to buy and hold if someone want to and if he can handle any drawdown.






It is obvious you have no idea what are you talking about
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