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Reasons why you should NOT trade cryptocurrencies

Adolis
Mar 12 2020 at 16:39
33 комментариев
Well, I can say about any asset and give you ten reasons why you shouldn't use it to trade, in fact, any Forex trading has certain risks and each of us understands it, so use small amounts to assess the situation, no one says that it is worth risking too large amounts.
NihadMunif
Mar 12 2020 at 18:02
18 комментариев
Let me disagree, crypto currencies are very interesting assets and they are rare, but still open up strong prospects that allow you to earn a large enough amount at a time. That's true, if you know it. You just have to give it a try.
Malohuginn
Mar 12 2020 at 18:22
23 комментариев
Crypto currencies are dangerous and this is a fact, just look at it:
a. they rarely have a strong movement, so you have to wait all the time, not the best option.
b. Cryptov currencies do not have regulatory bodies, so it is difficult to track them, it is a game of one goal.
с. There are scandals and scandals and stuff like that aren't safe...
Matt (BluePanther)
Mar 12 2020 at 18:22
1357 комментариев
Adolis posted:
Well, I can say about any asset and give you ten reasons why you shouldn't use it to trade, in fact, any Forex trading has certain risks and each of us understands it, so use small amounts to assess the situation, no one says that it is worth risking too large amounts.

Thank you for your contribution.

Please be advised, this thread relates specifically to cryptocurrency. Please note the OP of this thread:

'Sharing (information) is caring. cool 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.'
Matt (BluePanther)
Mar 12 2020 at 18:23
1357 комментариев
Malohuginn posted:
Crypto currencies are dangerous and this is a fact, just look at it:
a. they rarely have a strong movement, so you have to wait all the time, not the best option.
b. Cryptov currencies do not have regulatory bodies, so it is difficult to track them, it is a game of one goal.
с. There are scandals and scandals and stuff like that aren't safe...

Thank you for your contribution.
Thorgahuginn
Mar 12 2020 at 18:32
21 комментариев
Hmm, there are bright fans of these assets among my acquaintances, particularly Bitcoin, but there are also those who never trade this asset. It seems to me that a lot depends on personal preferences and experience, and only you should decide whether it was worth it or not;
Matt (BluePanther)
Mar 12 2020 at 23:08
1357 комментариев
Debtless
Mar 13 2020 at 10:53
11 комментариев
Fall in price continues. Why is this happening?
Matt (BluePanther)
Mar 14 2020 at 06:41
1357 комментариев
Matt (BluePanther)
Mar 16 2020 at 09:37
1357 комментариев
Raymond7456
Mar 16 2020 at 12:04
3 комментариев
It’s still not clear what caused such a failure of Bitcoin.

Matt (BluePanther)
Mar 16 2020 at 12:14
1357 комментариев
Raymond7456 posted:
It’s still not clear what caused such a failure of Bitcoin.

See earlier posts this thread, especially:

BluePanther posted:
Bitcoin pumpers forced to admit it’s not digital gold (FEB 26, 2020)
www.dprogram.net/peter-schiff/bitcoin-pumpers-forced-to-admit-its-not-digital-gold
Sacha36454
Mar 16 2020 at 12:59
4 комментариев
Thorgahuginn posted:
Hmm, there are bright fans of these assets among my acquaintances, particularly Bitcoin, but there are also those who never trade this asset. It seems to me that a lot depends on personal preferences and experience, and only you should decide whether it was worth it or not;
I agree with your thoughts, Bitcoin is a specific currency and not everyone likes to trade it. For an amateur. But I personally signs with many people who have made good money on bitcoin.

Ethan63446372
Mar 16 2020 at 13:50
3 комментариев
Sacha36454 posted:
Thorgahuginn posted:
Hmm, there are bright fans of these assets among my acquaintances, particularly Bitcoin, but there are also those who never trade this asset. It seems to me that a lot depends on personal preferences and experience, and only you should decide whether it was worth it or not;
I agree with your thoughts, Bitcoin is a specific currency and not everyone likes to trade it. For an amateur. But I personally signs with many people who have made good money on bitcoin.

Yes and yes again. This is an artificially deboned market. I don’t know to whom only this can be beneficial.
Matt (BluePanther)
Mar 16 2020 at 14:05
1357 комментариев
Thorgahuginn posted:
Hmm, there are bright fans of these assets among my acquaintances, particularly Bitcoin, but there are also those who never trade this asset. It seems to me that a lot depends on personal preferences and experience, and only you should decide whether it was worth it or not;

Sacha36454 posted:
I agree with your thoughts, Bitcoin is a specific currency and not everyone likes to trade it. For an amateur. But I personally signs with many people who have made good money on bitcoin.

Ethan63446372 posted:
Yes and yes again. This is an artificially deboned market. I don’t know to whom only this can be beneficial.
Thank you for contributing, but please include references (hyperlinks to articles, information) and ensure you provide material related to the subject of this thread: Reasons why you should NOT trade cryptocurrency.

There are many other places to support cryptocurrency, but the risks are not always so easy to find. That is the purpose of this thread.
Nil2589
Mar 16 2020 at 15:43
10 комментариев
Because it is unstable currency. Because of high volatility. It is rather an unjustified risk to trade on crypto...
Gavinrarad
Apr 02 2020 at 19:10
23 комментариев
Very big volatility is a big main reason for everything else out there completely and entirely. It's not stable and not backed by something thus why totally unpredictable in any possible case absolutely.
Matt (BluePanther)
Apr 03 2020 at 05:00
1357 комментариев
Crypto Exchange volumes are fake?
(listen from 16:00)

diskdillinger
Apr 03 2020 at 12:38
9 комментариев
For me the main reason not to trade crypto is that the bubble has burst and since then there has basically been no interest in pushing price back up to the 20k levels. Previously BTC has huge upside potential which made up for the huge risk that it would go to zero. The upside potential no longer exists but there is still downside risk.
Matt (BluePanther)
Apr 05 2020 at 12:58
1357 комментариев
23:00 'Bitcoin was launched in 2009 by the same people who destroyed the banking with their greed.'
Listen from 23:00 onwards...


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