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Topic: Bitcoin and forex market / Delete thread (Read 566 times)

member
Activity: 686
Merit: 30
June 15, 2019, 07:57:29 AM
#26
most of all are same i guess , just different player and name xD , but on forex our capital can be zero CMIIW
member
Activity: 602
Merit: 11
Same factors? I don't trade forex but there probably might be some factors that affects both but it does not happen most of the time. Both markets are different and they have certain affection for each economy but they don't have relation.

It is about trading so that what makes people think that they have the same factors which makes them move is prolly because of that. Just like the other comparison that we've been discussing before, centralized markets vs. decentralized.


I think basically every trade is the same on the chart. there is support, resistance, candles, etc. we just have to choose the one that is convenient for us. indeed bitcoin and forex have nothing to do, both have different basic characteristics.

hero member
Activity: 3038
Merit: 634
Same factors? I don't trade forex but there probably might be some factors that affects both but it does not happen most of the time. Both markets are different and they have certain affection for each economy but they don't have relation.

It is about trading so that what makes people think that they have the same factors which makes them move is prolly because of that. Just like the other comparison that we've been discussing before, centralized markets vs. decentralized.

member
Activity: 420
Merit: 10
I think almost the same factors drives both or you think any different?
I don't think these two markets are related. but the crypto market and stock market will complement each other. it will be a more reasonable comparison when the mechanisms of the two markets are very similar, but only in concentration and decentralization.
businesses in crypto are attracting businesses in the stock market and this is called reasonable complementarity.
sr. member
Activity: 896
Merit: 250
I think they have a slight difference though both are almost similar when it comes to trading. It's just that the forex market is well stabilized because it came first and it is I think much more riskier too compared to bitcoin.
right what you say in your opinion and in my opinion investment with crypto or other digital currencies all have risks and as investors must be able to choose the smallest risk and benefit
sr. member
Activity: 1624
Merit: 341
Buzz App - Spin wheel, farm rewards
Somehow Yes, Forex and crypto-market trading mechanism is almost same with some difference like FOREX work  24*5 where as crypto trading remain open 24*7. Crypto market is totally decentralized, where as FOREX is semi-centralized. Crypto market is way more volatile than Forex market. Forex exchanges are regulated, on the other hand crypto exchanges are run by private co. and there are no as such rules and regulation for them
forex market full of manipulation i think.forex price too many easy to played by whales and large speculator.forex trading was issue playing by them.i think crypto and forex has much similarity.
we have to understand about market participant in forex market and cryptocurrency market.it has significant difference about it, government could participate in forex market to stablize their currency.meanwhile it crypto it didnt happen.
sr. member
Activity: 784
Merit: 250
Somehow Yes, Forex and crypto-market trading mechanism is almost same with some difference like FOREX work  24*5 where as crypto trading remain open 24*7. Crypto market is totally decentralized, where as FOREX is semi-centralized. Crypto market is way more volatile than Forex market. Forex exchanges are regulated, on the other hand crypto exchanges are run by private co. and there are no as such rules and regulation for them
forex market full of manipulation i think.forex price too many easy to played by whales and large speculator.forex trading was issue playing by them.i think crypto and forex has much similarity.
newbie
Activity: 12
Merit: 0
BITCOIN AND FOREX MARKET?   BITCOIN IS NOT REGULATED WHILE FOREX IS, IS EASIER TO TRADE BTC THAN FRX, BTC DEALS WITH INVESTORS WHILE FRX DEALS WITH CURRENCIES .
sr. member
Activity: 630
Merit: 257
January 30, 2018, 05:12:29 PM
#16
Somehow Yes, Forex and crypto-market trading mechanism is almost same with some difference like FOREX work  24*5 where as crypto trading remain open 24*7. Crypto market is totally decentralized, where as FOREX is semi-centralized. Crypto market is way more volatile than Forex market. Forex exchanges are regulated, on the other hand crypto exchanges are run by private co. and there are no as such rules and regulation for them
sr. member
Activity: 994
Merit: 257
January 30, 2018, 05:02:14 PM
#15
I think almost the same factors drives both or you think any different?
Bitcoin is not trying to reinvent our economic theory, bitcoin is just the best of what we know about economics so it makes sense that is bound to the same principles, it is not really surprising that bitcoin is compared most of the time to gold except that bitcoin has the advantage of being easier to carry and to conceal than gold, but in everything else bitcoin is still subject to the same laws of supply and demand as any other currency.
full member
Activity: 924
Merit: 148
August 29, 2017, 03:26:14 PM
#14
In general they are similar to each other but cryptomarket is more unstable so you should analyze it in a bit different way than forex. Also as i noticed  in forex most people are using a bit leverage. As I've seen a typical newb mistake on forex is to set a huge leverage and get a call from the bank with saying that you now have a huge debt.
sr. member
Activity: 1316
Merit: 257
August 29, 2017, 01:28:29 PM
#13
I think almost the same factors drives both or you think any different?
almost the same in terms of trading function is also almost the same but his vision and mission are different Iam sure and know for sure bitcoin trading is almost the same as forex market because it deals with money
sr. member
Activity: 1050
Merit: 252
August 29, 2017, 12:54:38 PM
#12
I personally thinks that the concept can be consider the same but how the market has been played is really big difference bitcoin volatility is really huge
and a good analyzer can bring millions out of a single spike from this system while in forex there's a big influence before a certain movement will take
and it can be anticipated by those who understand but not that huge unlike to bitcoin.
newbie
Activity: 35
Merit: 0
August 29, 2017, 12:51:15 PM
#11
I think they have a slight difference though both are almost similar when it comes to trading. It's just that the forex market is well stabilized because it came first and it is I think much more riskier too compared to bitcoin.

Can you elaborate why do you think bitcoin market been safer than forex market. Thanks for your opinion in advance.
sr. member
Activity: 972
Merit: 255
Bear season or just the beginning
August 29, 2017, 12:36:21 PM
#10
I think they have a slight difference though both are almost similar when it comes to trading. It's just that the forex market is well stabilized because it came first and it is I think much more riskier too compared to bitcoin.
newbie
Activity: 39
Merit: 0
August 29, 2017, 12:26:33 PM
#9
I think almost the same factors drives both or you think any different?


Almost the same type of market.

However, there is huge difference that we all know and that's the decentralised market of crypto currency. This is huge difference because it allows us to fluctuate the market with the help of investments, more the investment we can really pump the specific assets in the market, grab the profits and let it dump itself again.

In case of forex, everything is centralised and the market depends on worlds investment where market can not be altered with big investment. That's because worlds market is big and it gets altered only if big news comes about the asset making alarming people to invest throughout the world.

The market for bitcoin is way small and anyone with major bitcoin holding so called as whales can alter the market as and when needed which we call as pump and dump in current market.

Forex market is not centralized as it happen to be made by banks and financial institutions all over the world. There are four FOREX sessions (Sydney, Tokyo, London, New York) where all together operate 24/5. Both system, crypto and forex are peer to peer, the only difference is that FOREX is open only for instututional invstors. Retail customers rerly operate on FOREX they mostly hold the CFD (derivative) on forex products. Subsequently crypto market is small drop in capitalization when comparing to forex. Bottom line is that FOREX doesnt operate on central exchange but among many nodes same as cryptocoins.
legendary
Activity: 1918
Merit: 1728
August 29, 2017, 12:23:50 PM
#8
I think almost the same factors drives both or you think any different?

Forex are depend more on geographical reasons whereas Bitcoin is more driven by demand factor. In case of Forex, market forces work as secondary force.
Like China devalued Yuan 2 years ago which depreciated its value against foreign currencies but if Bitcoin is being affected in any specific region, it affect whole global market. Like Japan legalized Bitcoin and global prices surged.
So both markets are quite different.
sr. member
Activity: 868
Merit: 266
August 29, 2017, 11:17:19 AM
#7
I think almost the same factors drives both or you think any different?
I don't think so when it comes to Forex which is basically about the trading of currencies,  the strength and the weakness of the currency is totally dependent on the economy of the said currency.But bitcoins strength and weakness is based on the investors and their demand for the cryptocurrency.
full member
Activity: 378
Merit: 100
August 29, 2017, 11:01:38 AM
#6
The Foreign Exchange market (Forex) is the world’s center for exchanging currencies. Traders gauge currencies’ health and attempt to exploit its volatility in exchange rates with other currencies to make a profit. The more a currency varies, the bigger the profit (and risk).  Bitcoin trading is similar as traders are essentially exchanging a cryptocurrency for another currency, which is the principle Forex is built on. However Bitcoin’s more unpredictable volatility and influential price-driving factors are divergent from Forex.
sr. member
Activity: 594
Merit: 250
August 29, 2017, 03:51:33 AM
#5
I think almost the same factors drives both or you think any different?
Forex is much more risk than bitcoin. They are differ into one another also, because in Forex it is centralized while in bitcoin is decentralized as we all know about it.
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