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Reasons why you should NOT trade cryptocurrencies
Členom od Aug 18, 2018
9 príspevkov
Aug 22, 2018 at 05:23
LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!
Still there are some brokers who are offering leverage up to 5X on cryptos.
Členom od May 23, 2018
13 príspevkov
Aug 22, 2018 at 06:51
kacper5 posted:LeadPellet posted:
Thanks to ESMA, leverage on crypto is now something like 1:1 Who can afford 1 bitcoin at $8000!
Still there are some brokers who are offering leverage up to 5X on cryptos.
Those are either not located in the EU, or they are unregulated.
I wouldn't trust an unregulated broker, or one regulated on some vacation island like Vanuatu, St Vincent and the Grenadines...
Členom od Jun 27, 2014
98 príspevkov
Aug 22, 2018 at 08:51
The regulated ones on 'vacation islands' I am using for a long time on Forex. Never had an issue - BUT wiring money to US bank accounts doesn't work. US banks will not accept the funds and send them back. True for TD America and Bank of America.
You haven't been around lately.
Členom od Aug 14, 2018
11 príspevkov
Aug 23, 2018 at 06:19
Brokers on 'vacation islands' are probably fine 90% of the time but the problem is if something goes wrong and they go bankrupt or there is a black swan event. Then you are screwed
Členom od Oct 21, 2016
50 príspevkov
Aug 23, 2018 at 06:52
fastdrive55 posted:
... wiring money to US bank accounts doesn't work. US banks will not accept the funds and send them back. True for TD America and Bank of America.
So, how do you solve the issue?
A third-party payment provider?
Trade with determination!
Členom od Feb 22, 2011
4573 príspevkov
Aug 23, 2018 at 10:55
fastdrive55 posted:
The regulated ones on 'vacation islands' I am using for a long time on Forex. Never had an issue - BUT wiring money to US bank accounts doesn't work. US banks will not accept the funds and send them back. True for TD America and Bank of America.
USA regulation sucks
European is getting closer
Členom od Feb 12, 2016
507 príspevkov
Sep 04, 2018 at 08:04
Bohdan73 posted:fastdrive55 posted:
... wiring money to US bank accounts doesn't work. US banks will not accept the funds and send them back. True for TD America and Bank of America.
So, how do you solve the issue?
A third-party payment provider?
This is why too many brokers directly don't accept US clients :)
Členom od Sep 28, 2018
9 príspevkov
Oct 05, 2018 at 10:18
Crypto prioce has been sideways for months now. It this a time to stay our or a good time to buy at a lower price? I like the idea of getting into crypto but not sure if now is right
Členom od Dec 28, 2013
160 príspevkov
Oct 05, 2018 at 10:19
If you look at the daily chart of BTCUSD one can see that it is almost dead by now. No significant movements to any direction. In engineering language one can describe it as an exponential overshoot curve followed by attenuated oscillations (ringing). I wonder if this is a permanent situation?
Členom od Oct 09, 2017
21 príspevkov
Oct 07, 2018 at 05:58
IMHO, it's just a matter of time until it breaks out in one of the two possible directions... It's been in that triangle for quite some time.
We'll just have to wait and see.
We'll just have to wait and see.
Členom od Aug 30, 2018
24 príspevkov
Oct 07, 2018 at 06:01
Crypto currency implementation still needs government scrutiny. Crypto currency needs legal further language for the world of economic. as we can see, not many economic conductors use CC so the price still drop and go up, very very fragile.
The true meaning of CC world for the time being is the blockchain technology. We need to implement this technology soon.
The true meaning of CC world for the time being is the blockchain technology. We need to implement this technology soon.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Členom od Feb 22, 2011
4573 príspevkov
Oct 07, 2018 at 06:03
niceGLer posted:
If you look at the daily chart of BTCUSD one can see that it is almost dead by now. No significant movements to any direction. In engineering language one can describe it as an exponential overshoot curve followed by attenuated oscillations (ringing). I wonder if this is a permanent situation?
The crucial is $6,000 level. If it drops below that line then BTC is dead.
Why?
As the cost to mine 1 BTC is about $6,000
Členom od Sep 01, 2018
20 príspevkov
Oct 07, 2018 at 06:08
Bitcoin like trading a pump and dump penny stock after it was pump and dumped.
If you want the currency we got the advantage.
Členom od Apr 18, 2017
659 príspevkov
Oct 07, 2018 at 06:26
niceGLer posted:
If you look at the daily chart of BTCUSD one can see that it is almost dead by now. No significant movements to any direction. In engineering language one can describe it as an exponential overshoot curve followed by attenuated oscillations (ringing). I wonder if this is a permanent situation?
That doesn’t mean, BTCUSD is over! Mate, the value of crypto market is really incredible! Maybe very soon, we’ll see such an outstanding move like 2017 for sure.
Členom od Sep 12, 2015
1933 príspevkov
Oct 08, 2018 at 13:03
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
"They mistook leverage with genius".
Členom od Jan 25, 2010
1288 príspevkov
Oct 09, 2018 at 10:04
snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
SELL BTC!!! It will only go down! 😎
Členom od Oct 09, 2018
41 príspevkov
Oct 10, 2018 at 08:08
Thinking about risks related to crypto’s for a while now. Thanks for sharing, this was a great help.
Členom od Feb 22, 2011
4573 príspevkov
Oct 10, 2018 at 10:01
BluePanther posted:snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
SELL BTC!!! It will only go down! 😎
The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
Členom od Sep 12, 2015
1933 príspevkov
Oct 10, 2018 at 11:28
There will be opportunities in both directions ,I never rule out that possibility,charts can tell a lot but it only takes some positive data/news to flip direction.
"They mistook leverage with genius".
Členom od May 23, 2018
13 príspevkov
Oct 10, 2018 at 13:37
togr posted:BluePanther posted:snapdragon1970 posted:
Weekly chart don't look good for BTC ,I'll sit on the side line till it breaks much lower.
SELL BTC!!! It will only go down! 😎
The expectations are quite opposite.
https://cryptodaily.co.uk/2018/08/why-bitcoin-btc-might-still-hit-60000-by-july-2019/
On top of that:
https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/
https://finance.yahoo.com/news/yale-university-invested-two-cryptocurrency-122602108.html
Bitcoin and cryptos are here to stay. Where the prices will go - we'll have to wait and see. But the way I see it in the longterm - it will only go up.
