I can’t agree with this. I think that any financial instrument deserves buying and it’s possible to earn decent money on it. You can do this if you are able to predict the market correctly.
However, a lack of experience is the only reason not to trade cryptos if you are a novice trader because cryptos are very volatile and therefore there’s a high probability of losing money trading cryptos if you are an inexperienced trader. Respectively, if you have some experience, you shouldn’t give up trading cryptos.
However, a lack of experience is the only reason not to trade cryptos if you are a novice trader because cryptos are very volatile and therefore there’s a high probability of losing money trading cryptos if you are an inexperienced trader. Respectively, if you have some experience, you shouldn’t give up trading cryptos.
Even though cryptocurrencies have challenged the traditional ways of earning profits, it still has a number of drawbacks like cryptocurrency can be a volatile investment and has scalability issues etc. Moreover, comprehending terms and analysing the crypto market can often turn to be really overwhelming for newbies. So, yes, trading cryptocurrencies is not a win-win battle.
Mar 02 2022 at 11:53
BluePanther posted:Personbally I don’t use cryptocurrency trading pairs in my trading because it’s too volatile & I see, the technical factors (till now) are not working here as like major FX pairs! so, I don’t think it’s a goods option to the new traders!
This thread is in response to Leo23's discussion: 'Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....'
https://www.myfxbook.com/community/general/trading-cryptocurrencies-bitcoinetherium-litecoin-etc/1513362,1
I am blocked and unable to post in his thread, but I would like to share some important information related to cryptocurrencies that all investors/traders should be made aware of prior to their foray into this new market.
My only questions are:
- Is this another case of Tulip-mania?
- Does Leo23 have a vested interest in garnering support for investment interest in cryptocurrencies?
Here is an important article I think the community should read to get a better understanding of recent growth in cryptocurrency demand (specifically BTC):
https://protradingresearch.com/2017/12/14/one-bank-believes-it-found-the-identity-of-who-is-propping-up-the-bitcoin-market/
Sharing (information) is caring. 😎 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.
Full disclosure: I have invested $0 in cryptocurrencies, and have 0 intention to do so any time soon. The phenomenal gains are the only reason it has caught my curiosity. I will continue to trade 'normal' forex only TYVM.
Mar 19 2022 at 01:32
Mar 29 2022 at 08:02
Crypto currency is considered the future by many, still many people have their reservations for this type of currency. It’s highly volatile and risky to trade. Hackers can hack and you may lose money at any point. It is not a regulated form of digital currency and the owner is unclaimed. Scams are around everywhere, so you may end up losing money.
BluePanther posted:You were wrong about cryptocurrencies. It's been 5 years now, and it has remained as a profitable topic as it has been.
This thread is in response to Leo23's discussion: 'Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....'
https://www.myfxbook.com/community/general/trading-cryptocurrencies-bitcoinetherium-litecoin-etc/1513362,1
I am blocked and unable to post in his thread, but I would like to share some important information related to cryptocurrencies that all investors/traders should be made aware of prior to their foray into this new market.
My only questions are:
- Is this another case of Tulip-mania?
- Does Leo23 have a vested interest in garnering support for investment interest in cryptocurrencies?
Here is an important article I think the community should read to get a better understanding of recent growth in cryptocurrency demand (specifically BTC):
https://protradingresearch.com/2017/12/14/one-bank-believes-it-found-the-identity-of-who-is-propping-up-the-bitcoin-market/
Sharing (information) is caring. 😎 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.
Full disclosure: I have invested $0 in cryptocurrencies, and have 0 intention to do so any time soon. The phenomenal gains are the only reason it has caught my curiosity. I will continue to trade 'normal' forex only TYVM.
Now that the crypto market is in decline, many traders are buying in the dip. But I am not sure for myself that this is the right decision. I believe that now it is important to hodl existing assets and wait for growth, since until you sell cheaper than you bought, you have not actually lost anything, and making new investments is now quite dangerous.
Sep 01 2022 at 19:35
The Great Reset and crypto...
https://supersoldiertalk.com/intel-drop-weve-gotten-the-attention-of-the-cabal-huge-usdr-in-flows-seen/
https://supersoldiertalk.com/intel-drop-weve-gotten-the-attention-of-the-cabal-huge-usdr-in-flows-seen/
Cryptocurrency is highly profitable only if you know how to use it properly. In fact, the unpredictability and risk factor of crypto is much greater than other markets. But with the right knowledge, plan, and slow steady progress, you can surely win in the crypto game.
Sep 13 2022 at 11:41
In spite of the market's volatility and fluctuations, cryptocurrencies are considered to be very lucrative in the long run.
There is no reason to not invest in cryptos! In Fact crypto can be a great investment if you know what you are doing. You can invest in big currency coins like BTC, XRP and other nice crypto coins. Have great trading.
Jan 07 at 21:27
13:00 'I have never known a legitimate crypto project ever. All crypto is based on nothing.'
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