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Topic: Bitcoin traders, why don't you just trade forex? - page 12. (Read 25219 times)

sr. member
Activity: 476
Merit: 250
It is because Forex is not hotter than Bitcoin nowadays. Gone are the days where people rely on the old means to earn money. People of today are now trying to generate income from other sources that are not necessarily generated by governments but by the innovation of today's technology. Like for instance, people earn through cryptocurrencies. The latter is a product of technology and people utilize the same in an attempt to boost their investments in it regardless of the lack of governmental support to it. Considerably, too, more people are into cryptos than Forex because of the higher chances at increasing their wealth. Hence, to pick between the two, they would obviously gamble with Bitcoin, it being in demand today.

On the other hand, Forex has the immense advantage of managing extremely high leverages that allow you to multiply your earnings potential, as well as being a regulated business with fewer possibilities of scam.

True. Leverages is the Forex key feature. I even know the place with 1 to 1000 leverage. However only person with experience has to deal with such huge leverages
using high leverage very risky to us.sometime we are uncontroll make buy or sell order.maybe our free margin still available to make new transaction, but while market move opposite with our open , we could suffering margin call.so be wise using leverage.
full member
Activity: 490
Merit: 100
It is because Forex is not hotter than Bitcoin nowadays. Gone are the days where people rely on the old means to earn money. People of today are now trying to generate income from other sources that are not necessarily generated by governments but by the innovation of today's technology. Like for instance, people earn through cryptocurrencies. The latter is a product of technology and people utilize the same in an attempt to boost their investments in it regardless of the lack of governmental support to it. Considerably, too, more people are into cryptos than Forex because of the higher chances at increasing their wealth. Hence, to pick between the two, they would obviously gamble with Bitcoin, it being in demand today.

On the other hand, Forex has the immense advantage of managing extremely high leverages that allow you to multiply your earnings potential, as well as being a regulated business with fewer possibilities of scam.

True. Leverages is the Forex key feature. I even know the place with 1 to 1000 leverage. However only person with experience has to deal with such huge leverages
full member
Activity: 392
Merit: 105
It is because Forex is not hotter than Bitcoin nowadays. Gone are the days where people rely on the old means to earn money. People of today are now trying to generate income from other sources that are not necessarily generated by governments but by the innovation of today's technology. Like for instance, people earn through cryptocurrencies. The latter is a product of technology and people utilize the same in an attempt to boost their investments in it regardless of the lack of governmental support to it. Considerably, too, more people are into cryptos than Forex because of the higher chances at increasing their wealth. Hence, to pick between the two, they would obviously gamble with Bitcoin, it being in demand today.
Completely agree with you regarding to this one.For sure OP if hes still aware on this forum and realized on the things he do mention back in year 2011 for sure he would really get those words back to his own mouth seeing on the current price on most cryptocurrencies on the entire market. We can really see the difference when it comes on making profits between forex and cryptos. It might not be considered as legal or backed by government but people would normally seek out for things which they do see that can give the opportunity on getting rich.

It does not seem appropriate to assume that the simple fact that the crypto market has shown great volatility throughout its first years of existence is a clear sign that it is a more profitable or convenient business than the Forex market.

Many new investors who have joined the crypto universe moved by the great popularity of bitcoin in recent years, are making the mistake of assuming that the behavior seen so far in the crypto market will persist forever, but just take a look at coinmarketcap to check that the large pumps that used to be seen in dozens of cryptos every day, are not happening as often, a sign that this market is entering a period of consolidation that will lead to mitigate volatility.

On the other hand, Forex has the immense advantage of managing extremely high leverages that allow you to multiply your earnings potential, as well as being a regulated business with fewer possibilities of scam.
hero member
Activity: 2968
Merit: 687
It is because Forex is not hotter than Bitcoin nowadays. Gone are the days where people rely on the old means to earn money. People of today are now trying to generate income from other sources that are not necessarily generated by governments but by the innovation of today's technology. Like for instance, people earn through cryptocurrencies. The latter is a product of technology and people utilize the same in an attempt to boost their investments in it regardless of the lack of governmental support to it. Considerably, too, more people are into cryptos than Forex because of the higher chances at increasing their wealth. Hence, to pick between the two, they would obviously gamble with Bitcoin, it being in demand today.
Completely agree with you regarding to this one.For sure OP if hes still aware on this forum and realized on the things he do mention back in year 2011 for sure he would really get those words back to his own mouth seeing on the current price on most cryptocurrencies on the entire market. We can really see the difference when it comes on making profits between forex and cryptos. It might not be considered as legal or backed by government but people would normally seek out for things which they do see that can give the opportunity on getting rich.
Hes not online for 6 years showing off    February 29, 2012, 01:06:41 AM he might not able to re-open this account or fully leave out cryptocurrency and focus into forex on what hes trying to explain on here.This is already a 7 year old thread but still worth to make a discussion.Been glad to read up on previous post on what they are trying to argue or explain between on earlier times of crypto-exchangers compared to forex brokers.
member
Activity: 273
Merit: 10
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?
We can see that the cryo market is a great combination of stock and forex, so you can be completely flexible in trading bitcoin based on the knowledge of stock and forex. I think the more you can operate in many areas, the more flexible you can be in managing your capital and be flexible in any situation that can occur if risk occurs.
hero member
Activity: 2996
Merit: 609
It is because Forex is not hotter than Bitcoin nowadays. Gone are the days where people rely on the old means to earn money. People of today are now trying to generate income from other sources that are not necessarily generated by governments but by the innovation of today's technology. Like for instance, people earn through cryptocurrencies. The latter is a product of technology and people utilize the same in an attempt to boost their investments in it regardless of the lack of governmental support to it. Considerably, too, more people are into cryptos than Forex because of the higher chances at increasing their wealth. Hence, to pick between the two, they would obviously gamble with Bitcoin, it being in demand today.
Completely agree with you regarding to this one.For sure OP if hes still aware on this forum and realized on the things he do mention back in year 2011 for sure he would really get those words back to his own mouth seeing on the current price on most cryptocurrencies on the entire market. We can really see the difference when it comes on making profits between forex and cryptos. It might not be considered as legal or backed by government but people would normally seek out for things which they do see that can give the opportunity on getting rich.
sr. member
Activity: 743
Merit: 250
Forex is more risky than trading Bitcoin and crypto currency, and also you cant expect big profits from forex if you dont start with really big budget. Trading Bitcoin and crypto is less risky and more profitable, because crypto prices are volatile, while the prices of fiat currencies are stable or going up really slowly, compared to crypto markets.
hero member
Activity: 882
Merit: 506
It is because Forex is not hotter than Bitcoin nowadays. Gone are the days where people rely on the old means to earn money. People of today are now trying to generate income from other sources that are not necessarily generated by governments but by the innovation of today's technology. Like for instance, people earn through cryptocurrencies. The latter is a product of technology and people utilize the same in an attempt to boost their investments in it regardless of the lack of governmental support to it. Considerably, too, more people are into cryptos than Forex because of the higher chances at increasing their wealth. Hence, to pick between the two, they would obviously gamble with Bitcoin, it being in demand today.
member
Activity: 599
Merit: 10
I already have some ideas about trading with bitcoin, so,  I am more capable in trading with bitcoin than trading in forex. Both are profitable but i find it more risky to trade in forex.
why?? Have u ever heard about scam of forex brockers? Personally me not. But I heard a lof of hacks and scams of different crypto exchnages
then Answer the question, How many positive reviews about the Forex Project from ordinary traders? Almost half of all reviews Speak only about the fact that only a certain caste of people earn on Forex, and all newcomers only lose their finances.
in general, initially you need to try to use their opportunities in Forex, And then do the analysis and write a review about this project. Apparently many Who wrote negative comments, do not even know about Forex trading and what kind of Project this prospect gives.
member
Activity: 448
Merit: 10
I already have some ideas about trading with bitcoin, so,  I am more capable in trading with bitcoin than trading in forex. Both are profitable but i find it more risky to trade in forex.
why?? Have u ever heard about scam of forex brockers? Personally me not. But I heard a lof of hacks and scams of different crypto exchnages
then Answer the question, How many positive reviews about the Forex Project from ordinary traders? Almost half of all reviews Speak only about the fact that only a certain caste of people earn on Forex, and all newcomers only lose their finances.
newbie
Activity: 308
Merit: 0
Personaly me trade both and Im satisfied. When there will be more brockers on the market which will have crypto trading pairs I will switch to forex at all
member
Activity: 406
Merit: 10
I already have some ideas about trading with bitcoin, so,  I am more capable in trading with bitcoin than trading in forex. Both are profitable but i find it more risky to trade in forex.
why?? Have u ever heard about scam of forex brockers? Personally me not. But I heard a lof of hacks and scams of different crypto exchnages
full member
Activity: 420
Merit: 100
I already have some ideas about trading with bitcoin, so,  I am more capable in trading with bitcoin than trading in forex. Both are profitable but i find it more risky to trade in forex.
member
Activity: 328
Merit: 39
Forex can be very boring, as some currencies are very stable. You stay hours in front of the monitor just to earn some pips.
(this in case you make day trading)
Crypto is more risky, but it's very dinamic and you can make big gains.
full member
Activity: 490
Merit: 100
I very like forex but it is impossible there to make a fortune thats why I prefer crypto. However if brockers integrate crypto in their platform I will consider the opportunity of switching
member
Activity: 406
Merit: 10
Forex itself is awesome market but it is outdated as for now.. The crypto is replacing it. Forex has already has its golden yeras however if crypto will be added as trading pairs agains fiat..well, maybe forex will get the 2nd chance though
newbie
Activity: 77
Merit: 0
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. I would never choose forex because it's too risky and there are so many fake and fraudulent forex platforms
member
Activity: 238
Merit: 10
I would honestly choose the most recommended forex broker even it's required to verify to identity because it's for the sake of my money and not going to go to shitty forex broker which often don't require verification. I don't have so much knowledge about trading but I Think there's much risk on Forex than bitcoin or alt coin trading
newbie
Activity: 130
Merit: 0
I really don't think someone just say, I'm going do this trade just because it feels right, there must be some kind of analysis behind the decision, we cannot just use our instinct and the trade to me that will be like gambling. I really don't think someone just say, I'm going do this trade just because it feels right, there must be some kind of analysis behind the decision
member
Activity: 406
Merit: 29
Forex is not as fun and it has a lot of limitations . risk takers would rather crypto world because we would rather to swim in the deep water , the fish you see on the water is dead.
Forex could be as fan as crypto but only for prefessionals. Newbue users have to trade crypto on exchanges without any leverage. Then more chanses to save ur depo
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