Topic: Bitcoin traders, why don't you just trade forex? - page 12. (Read 25308 times)
I don't trade forex because it is more high risk than bitcoin trading, i can't hold position in forex if i am wrong making prediction but i can hold bitcoin if bitcoin's price going down and i can use bitcoin for trading altcoins there are choice on bitcoin.
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?
My very own reason is Forex is something more riskier thing than crypto in comparison they are both trading while the coins or currency is also different. I don't like forex for the thing that it may loss my money in just seconds or minutes. The bottom line here is you or we can't push others to switch to forex trading if they didn't like it. So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
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
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
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.
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.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. So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
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.
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.
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.
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 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
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
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 
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.
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.
(this in case you make day trading)
Crypto is more risky, but it's very dinamic and you can make big gains.
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
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
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
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
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