Reasons why you should NOT trade cryptocurrencies

Dec 15, 2017 at 19:13
15,127 Visa
490 Replies
Medlem sedan Aug 18, 2018   10 inlägg
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.
Medlem sedan May 23, 2018   13 inlägg
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...
Medlem sedan Jun 27, 2014   103 inlägg
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.
Medlem sedan Aug 14, 2018   11 inlägg
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
Medlem sedan Oct 21, 2016   51 inlägg
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!
Medlem sedan Feb 22, 2011   4862 inlägg
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
Medlem sedan Feb 12, 2016   522 inlägg
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 :)
Medlem sedan Sep 28, 2018   10 inlägg
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
Medlem sedan Dec 28, 2013   171 inlägg
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?
Medlem sedan Oct 09, 2017   23 inlägg
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.
Medlem sedan Aug 30, 2018   25 inlägg
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.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Medlem sedan Feb 22, 2011   4862 inlägg
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
Medlem sedan Sep 01, 2018   18 inlägg
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.
Medlem sedan Apr 18, 2017   718 inlägg
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.
Medlem sedan Sep 12, 2015   1948 inlägg
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".
Medlem sedan Jan 25, 2010   1360 inlägg
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! 😎
Medlem sedan Oct 09, 2018   41 inlägg
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.
Medlem sedan Feb 22, 2011   4862 inlägg
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/
Medlem sedan Sep 12, 2015   1948 inlägg
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".
Medlem sedan May 23, 2018   13 inlägg
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.
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