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Reasons why you should NOT trade cryptocurrencies

Matt (BluePanther)
Apr 18 2018 at 00:43
1356 príspevkov
Matt (BluePanther)
Apr 27 2018 at 09:02
1356 príspevkov
Matt (BluePanther)
Apr 27 2018 at 16:39
1356 príspevkov
niceGLer
Apr 27 2018 at 19:22
169 príspevkov
I thought trading bitcoin would be a nice plan for a weekend while forex exchanges are closed. It proved wrong for a couple of reasons. Cryptocurrencies are very volatile in all time frames, and they are very unpredictable, too. The spread is unbearably high with my broker, which prevents scalping. One simply cannot use technical indicators with at least BTCUSD.

Hzardous
Apr 28 2018 at 22:09
19 príspevkov
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing

Never Miss an Opportunity
Matt (BluePanther)
Apr 29 2018 at 08:51
1356 príspevkov
Hzardous posted:
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing


Are you insinuating HODL is any better? Good luck with that sir. 😁

Hzardous
Apr 29 2018 at 13:04
19 príspevkov
My friend... Trend will always be my friend

Never Miss an Opportunity
Adribaasmet
Apr 30 2018 at 06:13
994 príspevkov
Hzardous posted:
That's why you should NOT 'DAY' trade crypto currencies, unless you know what you are doing


Crypto currency is much challenging, I see so many traders already lost a huge amount of money in 2018, because they expected such a bullish move here as like 2017.

Matt (BluePanther)
May 15 2018 at 18:47
1356 príspevkov
balut
May 16 2018 at 01:39
2 príspevkov
BluePanther posted:
 
Cryptocurrencies will be banned on a global scale (16 May 2018)
https://secure.caseyresearch.com/chain?cid=MKT355976&eid=MKT359555&encryptedSnaid=&snaid=&step=start


I'm not sure about banning but maybe they can regulate it because the cryptocurrency is also useful in some areas like anonymity. I know that Google will ban all cryptocurrency advertisement in July 2018 which is good to elimiate those ponzi scheme advertisement link to Bitcoin. I still believe that cryptocurrency specially Bitcoin that it's a great e-currency but worst as an investment.

Matt (BluePanther)
May 17 2018 at 19:57
1356 príspevkov
'Raymond Merriman, president of Arizona-based Merriman Market Analyst — which bases market timing services for independent traders on astrological and other factors — said he expects bitcoin BTCUSD, -1.45% to fall to a new low before March 6, 2019, because Uranus will bounce back into Aries later this year before moving fully into Taurus on March 6. He told his clients they should not buy bitcoin unless it drops below 77% of its high of nearly $20,000 in December 2017. Bitcoin was worth $8,200 when this story was published, but Merriman expects it to drop to between $4,400 and $1,300 based astrology alone.'

People are buying bitcoin — because their horoscope said so (17 May 2018)
https://www.marketwatch.com/story/people-are-buying-bitcoin-because-their-horoscope-said-so-2018-05-17

Matt (BluePanther)
May 17 2018 at 20:39
1356 príspevkov
balut posted:
BluePanther posted:
 
Cryptocurrencies will be banned on a global scale (16 May 2018)
https://secure.caseyresearch.com/chain?cid=MKT355976&eid=MKT359555&encryptedSnaid=&snaid=&step=start


I'm not sure about banning but maybe they can regulate it because the cryptocurrency is also useful in some areas like anonymity. I know that Google will ban all cryptocurrency advertisement in July 2018 which is good to elimiate those ponzi scheme advertisement link to Bitcoin. I still believe that cryptocurrency specially Bitcoin that it's a great e-currency but worst as an investment.


You were saying?...

European Union Approves Regulation To Combat Cryptocurrency Anonymity (17 May 2018)
https://www.ethnews.com/european-union-moves-against-cryptocurrency-anonymity

FEDS EYEING REGULATIONS TO HIT ANONYMITY OF CRYPTOCURRENCY (17 May 2018)
https://bitcoinist.com/feds-eyeing-regulations-to-hit-anonymity-of-cryptocurrency/

Matt (BluePanther)
May 17 2018 at 21:47
1356 príspevkov
Matt (BluePanther)
May 23 2018 at 00:29
1356 príspevkov
AI and BitCoin...
Is this true? Is BitCoin a good thing or a bad thing?


Matt (BluePanther)
Jun 19 2018 at 07:29
1356 príspevkov
JamesAnderson
Jun 21 2018 at 10:53
31 príspevkov
Mistakes to Avoid Trade Cryptocurrencies

- Failing to keep up with information
- Investing everything at once
- Investing without an exit strategy
- Getting carried away by coin publicity
- Don’t put all of your eggs in one basket
- Start trading on Small money

StanfordB
Jun 22 2018 at 09:11
10 príspevkov
What do you mean by 'Start trading on Small money '. I like all the other points though

Matt (BluePanther)
Jun 22 2018 at 10:17
1356 príspevkov
StanfordB posted:
What do you mean by 'Start trading on Small money '. I like all the other points though


I suppose invest according to your risk appetite: more investment = more risk.

@JamesAnderson Thank you for contributing.

Matt (BluePanther)
Jun 24 2018 at 21:28
1356 príspevkov
Adribaasmet
Jun 25 2018 at 06:12
994 príspevkov
StanfordB posted:
What do you mean by 'Start trading on Small money '. I like all the other points though


May be, start the live trading with a ordinary trading balance since almost 98% new traders lose their 1st account.

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