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.
@leo23 I am confused between ETH & BTC. Where should I invest? I just read about ETH price hike at profitconfidential.com here https://goo.gl/D8gXjd can any one plzz suggest
ETH is also a good opportunity to invest. But BTC will be my first priority in terms of long term investment since BTC price is expected to rise at least 10 times in between few months to 1 to 2 years.
Of course, ETH will be the second option if you can't afford the high price of BTC now and next, comes EOS and IOTA investment as well.
But note that these are all for long term investment only and not for day trading.
Finally, these are not financial advice from me. You should do proper research and analysis before investing in anything and I don't provide any specific financial advice for investment.
AmDiab posted: Cryptocurrencies are too much volatile; how we can rely on only these currencies? I like to use only major Forex pairs, they are much reliable than others instruments.
What you are calling as reliability that can be called as profit potential or trading opportunity. Cryptotrading is not like forex trading expecting for 0.1% or 0.2% market movement on daily basis.
In fact, in cryptos it is possible for the crypto to make a movement of 20% to 50% in a single day. Apart from that if someone picks up the right price deeps, then it is very easy to double the money once in every month which is almost impossible for a forex trader.
But cryptotrading is not suitable for margin trading or day trading. It can be highly profitable with exchange trading.
Cryptcurrency has become popular because of the one reason and that is it can't be regulated by any government. So every now and then, many authorities and governments can try to regulate which may have temporary effect on market, but no effect in long run.
But regulation of crypto exchanges may bring trust for crypto users and in return more and more users can trust to use cryptocurrencies instead of regular fiat currencies.
BTC price was about to hit my next target 7K per BTC. I congratulate all who hold BTC.
I projected the price as 6K,7K,8K in this thread when the price reached 3K before around a month or more. As I mentioned it before in this thread I hope at least the BTC price to be 8K by end of this year.
BTC just reached near 8K price. It has not yet hit 8K, because once it crosses 8K it will rally for 9K. So it just bounced back from around 7900 USD.
Here are few price projections by end of consecutive years. This is the minimum expected price by end of each year and can go even higher: 1. 2018----------30,000 USD/BTC 2. 2019-----------80,000 USD/BTC 3. 2020------------1,50,000 USD/BTC
ПРЕДУПРЕЖДЕНИЕ О ВЫСОКОМ УРОВНЕ РИСКА: торговля иностранной валютой связана с высоким уровнем риска, который может подходить не для всех инвесторов.
Кредитное плечо создает дополнительный риск и вероятность убытков. Прежде чем принять решение о торговле иностранной валютой, тщательно проанализируйте свои инвестиционные цели, уровень опыта и толерантность к риску.
Вы можете потерять часть или все свои первоначальные инвестиции. Не вкладывайте деньги, которые вы не можете позволить себе потерять. Ознакомьтесь с рисками, связанными с торговлей иностранной валютой, и обратитесь за советом к независимому финансовому или налоговому консультанту, если у вас возникнут вопросы.
Любые данные и информация предоставляются 'как есть' исключительно в информационных целях и не предназначены для торговых целей или консультаций.
Прошлые показатели не являются признаком будущих результатов.