Topic: Bitcoin traders, why don't you just trade forex? (Read 24931 times)
The main advantage of cryptocurrencies is the presence of DEX and at least some degree of anonymity. In addition, you can keep your funds in your own wallet, the private keys of which are at your disposal. In addition, you do not need to fill out all sorts of papers, work through intermediaries (brokers)
You might also want to inquire about why some vendors only sell bananas when they can also sell apples. When you can also have Mountain Dew, why drink Sprite? Instead of just getting a management degree, you could try at being an accountant. Regardless, it comes down to personal preference. Instead of trading in a forex exchange market they are unfamiliar with and are not interested in, crypto traders will stick according to their market of comfort. Numerous traders also hold crypto assets and are likely to hold long-term coins. There are DEXes and CEXes that offers no KYC at all and some asking minor details only unlike forex exchanges that are carrying out high degrees of KYC.
Currency trading is undoubtedly one of the best in the world, but when compared to Bitcoin and its market there are always some things that currency traders do not dare to do because they do not know how to handle volatility, plus the volume is not consolidated. in Bitcoin, unless you have the resources to do it, which the whales do have, all these things are what make both markets different in a sense, apart from the fact that the Bitcoin market is hardly accepted by some economists, but it is something that can be dealt with.
Bitcoin is also a currency but as you said, it is more volatile but this isn't a bad thing. If there are people who don't have experience in Forex but have entered immediately in Bitcoin trading, then why not those Forex traders? They already know the concept of buying low and selling high, but Bitcoin is only more extreme in terms of it but if they master it, they can earn faster and better than in Forex.Bitcoins are not a new thing anymore. Many people around the world have engaged with it so its volume is now huge. Forex traders have a capital and in Bitcoin, a big capital is not necessarily needed because we can still buy Bitcoin in smaller portions. We must only take note of the transaction fees. Some economists can hate BTC but will their opinion matter? No. Bitcoin is still legal on many countries and as long as our country is one of it, we can be able to try it.
I have a friend who has been in the forex market for 7 years and is making a lot of profit from it. I mentioned that he should try trading with bitcoin, but after much research, he still refuses. His reason is that he can analyze all forex trading pairs. But he can't make an exact judgment on bitcoin, as bitcoin is still a market manipulated rather than determined by supply and demand. Therefore, determining the direction of bitcoin will be more difficult with forex.
Bitcoin has a large trading volume compared to altcoins but is still very small compared to forex and more susceptible to manipulation, so I agree with my friend's argument.
Currency trading is undoubtedly one of the best in the world, but when compared to Bitcoin and its market there are always some things that currency traders do not dare to do because they do not know how to handle volatility, plus the volume is not consolidated. in Bitcoin, unless you have the resources to do it, which the whales do have, all these things are what make both markets different in a sense, apart from the fact that the Bitcoin market is hardly accepted by some economists, but it is something that can be dealt with.
Bitcoin is also a currency but as you said, it is more volatile but this isn't a bad thing. If there are people who don't have experience in Forex but have entered immediately in Bitcoin trading, then why not those Forex traders? They already know the concept of buying low and selling high, but Bitcoin is only more extreme in terms of it but if they master it, they can earn faster and better than in Forex.Bitcoins are not a new thing anymore. Many people around the world have engaged with it so its volume is now huge. Forex traders have a capital and in Bitcoin, a big capital is not necessarily needed because we can still buy Bitcoin in smaller portions. We must only take note of the transaction fees. Some economists can hate BTC but will their opinion matter? No. Bitcoin is still legal on many countries and as long as our country is one of it, we can be able to try it.
There are many reasons why traders may prefer to trade in the Bitcoin market over Forex.
First, the bitcoin market is not regulated, which means that its prices and trading opportunities can change much faster than in regulated markets. This may provide more opportunities for profit, but it may also involve more risk.
Secondly, the bitcoin market is still relatively young and rapidly developing, which may attract traders looking for new opportunities and risks.
Third, the bitcoin market is more decentralized than the forex market, which may appeal to those looking for a freer, more independent market.
Finally, it's important to note that not all bitcoin exchanges are "shady" or "unsafe", and many of them provide a high quality service to their clients. However, as with any market, there are risks associated with Bitcoin trading and traders should be prepared for this risk and have a risk management plan in place.
First, the bitcoin market is not regulated, which means that its prices and trading opportunities can change much faster than in regulated markets. This may provide more opportunities for profit, but it may also involve more risk.
Secondly, the bitcoin market is still relatively young and rapidly developing, which may attract traders looking for new opportunities and risks.
Third, the bitcoin market is more decentralized than the forex market, which may appeal to those looking for a freer, more independent market.
Finally, it's important to note that not all bitcoin exchanges are "shady" or "unsafe", and many of them provide a high quality service to their clients. However, as with any market, there are risks associated with Bitcoin trading and traders should be prepared for this risk and have a risk management plan in place.
Currency trading is undoubtedly one of the best in the world, but when compared to Bitcoin and its market there are always some things that currency traders do not dare to do because they do not know how to handle volatility, plus the volume is not consolidated. in Bitcoin, unless you have the resources to do it, which the whales do have, all these things are what make both markets different in a sense, apart from the fact that the Bitcoin market is hardly accepted by some economists, but it is something that can be dealt with.
First trading bitcoin is safe as long as you know what you are doing, use a famous exchange and care about your security. I like trading in crypto because there's a lot of people here that are new to trading and they don't know what they are doing. I feel like it's easier to read the price movement based on the rumor and market sentiment compared to forex.
Top Exchanges in crypto matters like binance, the same thing applies to forex and its called Brokers. Bitcoin is an important project when it comes to cryptocurrency because it have the largest trading volume and compact with high volatility in the space. Pro traders that understands the market easily trade Bitcoin without FUD and earned enormous profits from their trading positions been triggered with to their TP. While forex traders make more gains than crypto traders, however it depends on the market movement. XAAUSDm is what keeps me running every single day because I've already map out my flip zones on the charts and I know when to enter and when to opt out. 
First trading bitcoin is safe as long as you know what you are doing, use a famous exchange and care about your security. I like trading in crypto because there's a lot of people here that are new to trading and they don't know what they are doing. I feel like it's easier to read the price movement based on the rumor and market sentiment compared to forex.
Top Exchanges in crypto matters like binance, the same thing applies to forex and its called Brokers. Bitcoin is an important project when it comes to cryptocurrency because it have the largest trading volume and compact with high volatility in the space. Pro traders that understands the market easily trade Bitcoin without FUD and earned enormous profits from their trading positions been triggered with to their TP. While forex traders make more gains than crypto traders, however it depends on the market movement. XAAUSDm is what keeps me running every single day because I've already map out my flip zones on the charts and I know when to enter and when to opt out. I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill. It makes me wonder, why don't you guys just trade real forex? You can open micro accounts with as little as $25. You get security far better than these shady exchanges. You get real customer service with a real business that won't disappear and leave you only an email address to cry to. You get real trading platforms with reliable data, not some ghetto hack stuff. You get plenty of liquidity, which allows of smooth trading. And, best of all, you don't have to worry whether it's legal or not! Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.
So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
For me, I don't care what could other says about me. But doing trade in bitcoin trading industry is much more better rather than Forex.
It is also easy to understand compare in the Forex as well too. Besides, all the resources which I had invested was came all in the result of bitcoin trading through altcoins.
All broker that offer trading pair forex is leverage trading so the level risk will be higher because of leverage. We can see alot of trader got margin call in forex trading because that is CFDs trading product that use leverage. I trade on forex margin trading only when crypto turn in to down trend and will be more focus in crypto trading if all crypto already oversold.
many trade in both but for me I will continue to trade on cryptocurrency because I can focus and the money I use to trade is not much so I prefer crypto only
First trading bitcoin is safe as long as you know what you are doing, use a famous exchange and care about your security. I like trading in crypto because there's a lot of people here that are new to trading and they don't know what they are doing. I feel like it's easier to read the price movement based on the rumor and market sentiment compared to forex.
i got the concept of cryptocurrency trading better than forex. i can invest a long time and wait for eventual profit from it. bitcoin trading is bae
I have been in forex trading in 2 years but until now I can not reach consistent profit , but when i move to cryprocurrency trading i can reach it because in my opinion crypto trading much easy to gain profit than forex trading because mostly all coin has tren up trend.
I did both, to maximum profit we should know more about situation of crypto market because in spot crypto trading we can make profit only from uptrend. And when crypto on downtrend i prefer to trade in others asset like forex, commodities and stocks market. To trade in some different platform is not hard because i only use technical analysis, so all open potition according to it. And i better to trade these all asset in spot trading and avoid margin trading because margin trading will be more risk.
The forex world is too crowded, the movements are microscopic , and the "real" whales move here: the central banks eat any crypto whale.
So, while it is certainly more stable, it is also more difficult to make big gains.
However, it is important to learn how to work in forex, because the techniques used are also very useful in crypto.
So, while it is certainly more stable, it is also more difficult to make big gains.
However, it is important to learn how to work in forex, because the techniques used are also very useful in crypto.
I trade crypto currency, and not Forex, because I really like how the crypto currency changes our world and the entire financial system and I want to support it in any ways.
There are differences but you would stand as expert trader when you handle such hard situations. People are coming into this world from different backgrounds, some are more oriented towards business mind but many are dull. They have only one thing in hand and that is money. They mustn’t be surprised with their own strategies rather these must be implemented in best possible way.I trade crypto currency, and not Forex, because I really like how the crypto currency changes our world and the entire financial system and I want to support it in any ways.
There are differences but you would stand as expert trader when you handle such hard situations. People are coming into this world from different backgrounds, some are more oriented towards business mind but many are dull. They have only one thing in hand and that is money. They mustn’t be surprised with their own strategies rather these must be implemented in best possible way.
Because foreign exchange is less fluctuating in price, it is harder to earn foreign exchange than BTC, although BTC is risky so we invest in it because the price fluctuates for us.
Actually, forex trading is an option. In fact, a lot of people I know do both stuff. In fact, some of them are trading all kinds of goods such as crypto, stocks, forex, silver and gold, etc. However, if I am not mistaken, they have made a lot of money in crypto trading rather than on forex or stocks. In crypto, if you fail, and you do not know what to do anymore, and you ended up leaving your coins in your wallet, you might just wake up one day having gained 500% of what you originally have. Now, that's not gonna happen somewhere else.
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