Bitcoin traders, why don't you just trade forex? - page 15.

Black_bl

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Quote from: Celebrity on January 12, 2018, 07:25:11 PM

Quote from: rickadone on January 11, 2018, 10:34:21 AM

Quote from: Itjoker on December 30, 2017, 11:05:36 AM

Trading on forex is more difficult then trading on cryptomatket. On forex you can catch margin call and that is mean that game is over. You can not recover your money. But on trading with altcoins or bitcoin you always have a chance that fallen price will recover.

That is just the point. Recovering your losses in Forex is something you cannot even do, while you can even manage to just bag hold your losses from the coins and then see them get pumped later on, no matter how long you have to wait. Wait like that for Forex, and you will be wiped out even before you know it, unless you decide to stop loss, or you have some pretty good amount to trade with.

Basically forex trading is more cruel in terms of managing as well finding profit making opportunities. At the same time, we can be sure about making profits with crypto trading as in long term crypto trading will be profitable given that we have chosen a well established coin for our trading.

If you use leverage like 10x 20x in forex, and if you open wrong positions, the rest will be a chaos for you. The chance for recovery is very low there. In coins, the chance for recovery is higher than forex.

Don't forget that whole crypto market cap is illusion....how much people invested into the cryptos? Who knows, but the market cap is definitely leverage thanks to Tether and thanks to a lot of developers directly coordinate their acts with whales. Haters of bitcoin has right in one thing...cryptos is leverage minimal 1:50, 1:100 or even more. If you have control under a coin you easily bubble its marketcap hunderd times

wagi

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Quote from: netrin on July 09, 2011, 09:28:45 AM

Quote from: AyeYo on July 09, 2011, 08:53:57 AM

what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

Because at the end of the day, I want to be holding bitcoin, not Zimbabwe dollars.

So you more interesting to keep bitcoin rather than dollars. Why? I think you are more interesting in new technology because bitcoin and other cryptocurremcy is our future technology.

Black_bl

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Quote from: AyeYo on July 09, 2011, 08:53:57 AM

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?

The answer is simple, because when people see that some currency can appropriate ten, twenty or hunderd times per year. The other hand is that traders can use leverage 1:1000 or 1:5000 even 1:10 000. Anyway as mentiod whales, there is a lot if dumb money so the whales do what they do in Forex. No rocket science, just can easy way to manipulate markets and we sre dumb...so we give them our money as in Forex

Celebrity

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Quote from: rickadone on January 11, 2018, 10:34:21 AM

Quote from: Itjoker on December 30, 2017, 11:05:36 AM

Trading on forex is more difficult then trading on cryptomatket. On forex you can catch margin call and that is mean that game is over. You can not recover your money. But on trading with altcoins or bitcoin you always have a chance that fallen price will recover.

That is just the point. Recovering your losses in Forex is something you cannot even do, while you can even manage to just bag hold your losses from the coins and then see them get pumped later on, no matter how long you have to wait. Wait like that for Forex, and you will be wiped out even before you know it, unless you decide to stop loss, or you have some pretty good amount to trade with.

Basically forex trading is more cruel in terms of managing as well finding profit making opportunities. At the same time, we can be sure about making profits with crypto trading as in long term crypto trading will be profitable given that we have chosen a well established coin for our trading.

If you use leverage like 10x 20x in forex, and if you open wrong positions, the rest will be a chaos for you. The chance for recovery is very low there. In coins, the chance for recovery is higher than forex.

Orino Suimuri

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RedTube & Rasputin Party Mansion

The currency on forex are very stable, and - out in special cases, as brexit or Trump election - it's difficult to make big gains.
In crypto, with good strategy and some luck, you can become rich very fast.

rickadone

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Quote from: Itjoker on December 30, 2017, 11:05:36 AM

Trading on forex is more difficult then trading on cryptomatket. On forex you can catch margin call and that is mean that game is over. You can not recover your money. But on trading with altcoins or bitcoin you always have a chance that fallen price will recover.

That is just the point. Recovering your losses in Forex is something you cannot even do, while you can even manage to just bag hold your losses from the coins and then see them get pumped later on, no matter how long you have to wait. Wait like that for Forex, and you will be wiped out even before you know it, unless you decide to stop loss, or you have some pretty good amount to trade with.

Basically forex trading is more cruel in terms of managing as well finding profit making opportunities. At the same time, we can be sure about making profits with crypto trading as in long term crypto trading will be profitable given that we have chosen a well established coin for our trading.

Coin12

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1st of May

Quote from: Grant on July 09, 2011, 09:16:21 AM

Quote from: AyeYo on July 09, 2011, 08:53:57 AM

So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

With bitcoin you get volatility to make daytrading attractive and no shady central bank rigging the prices. Forex trading is simply a game of chance, reading the brain of central banks (and the volatility is crap).

I think that your opinion is right because guess central bank brain is impossible. Regarding the exchanger, we can choose between best exchanger so we can reduce the risk of the exchanger.
However i have another reason, i choose this cryptocurrency trading because there is no something call "Margin Call ". We can hold the crypto as long as i want.

Olatunjex

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If should look into volatility aspect of both trading forex is safer but the risk of forex trading is huge, i will rather go into bitcoin trading than forex trading.

Jackblack90909

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Bitcoin's trading is less risky than Forex, and its price is going up highly and a lot faster than fiat currencies. You can make making good profit by trading Bitcoin in short amount of time and with lowest risks. Forex is more risky and if you dont start with big amount you can't expect real profit.

atjiat

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Quote from: raven7886 on January 06, 2018, 12:17:41 PM

Quote from: Makest on December 30, 2017, 09:31:30 AM

Bitcoin trading is a good way of making money and if we can hold we should make lot of profit from it.

It is even easier to lose so much on Forex than losing so much on crypto trading. Once you make the wrong decision and unless you make a stop loss, your stuffs are all gone, but with crypto, you can even just decide to hold and then see you getting your value back probably later on. I understand the OP's perspective, but seriously, there is a lot more opportunity to gain trading crypto to me than trading Forex when it comes to making pretty huge profit.

I completely agree with you and really understand how problematic is the work on Forex. Once I came across this and realized that there can make a profit. Only the elite. But working with a crypto currency on ordinary trading exchanges, almost everyone has a chance of a good salary, as well as a beginner and a real pro.

Andrej Peiboski

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We trade crypto because - even more risky - there are much more opportunities here than in forex: volatility is high, and this - for an experienced forex trader - is just heaven :-)

raven7886

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Quote from: Makest on December 30, 2017, 09:31:30 AM

Bitcoin trading is a good way of making money and if we can hold we should make lot of profit from it.

It is even easier to lose so much on Forex than losing so much on crypto trading. Once you make the wrong decision and unless you make a stop loss, your stuffs are all gone, but with crypto, you can even just decide to hold and then see you getting your value back probably later on. I understand the OP's perspective, but seriously, there is a lot more opportunity to gain trading crypto to me than trading Forex when it comes to making pretty huge profit.

zarados

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Quote from: EdenHazard on January 04, 2018, 02:54:58 PM

Quote from: TERA2 on January 03, 2018, 03:50:57 AM

Bitcoin is low risk high reward.

Forex is HUGE risk medium reward.

I saw this becuase in order to make the kind of gains you make in bitcoin (like 500%), with forex, you have to leverage your forex account 50 times. This means you take 50 times MORE RISK. If it moves down even 1% you ARE LIQUIDATED. Meanwhile bitcoin can lose all of its value and then come back and you can still make 1000%

that is wrong in my opinion , i mean bitcoin are not something that has low risk.

it is high risk with high gain , besides forex available in limited days only , trading bitcoin have much more chance to make money with its volatility, the price keep moving on drastically up and down and that is what makes people love it i think.

He said low risk and high reward may be at different angles. For example, in cryptocurrency, prices can go up and down sometimes, but as long as you do not sell your coins at the lowest price, you have nothing to lose, you just need to wait for the price to rise again. In forex, there's a multiplier, which can multiply profits and losses, so you could lose money instantly if using leverage at the wrong time.

Partizanai

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Quote from: AyeYo on July 09, 2011, 08:53:57 AM

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?

can you double, triple or quadruple your profits in forex overnight? i doubt it

Freezingel

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I feel like crypto has more volatily than fx so the return that you can get is better, also you can get information much easier than on fx. It's also easy to drive the price based on rumour on crypto so there's a lot of rumour going on and you just have to trade according to it. The last thing is there's a lot of people who don't understand how economic works in crypto so the amount of stupid money is a lot and i can profit from their trade mistakes.

dxbcoin

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Hey, I love your post honestly. I am a first time trader as well, Id love to trade FX but no idea how to start, will it be the same way to trade with crypto?

Genrix

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So, volatility is a key point, only in crypto you can gain 100% for a month. But speaking about day trading and liquidity, forex is beyond competition

Mpamaegbu

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I like forex trading but the gains are not comparable to what Bitcoin affords its traders. Again, in forex you lose and that's it. There is no way for a pump to resurrect a losing position/trade. Forex trading is more complex and riskier than crypto trading and that's why a lot of people avoid it. Nevertheless, I believe every Bitcoin trader should also trade forex to balance it up. That combination should make it a complete work at home job experience.

Nasty23

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Quote from: AliCris on January 06, 2018, 02:00:54 AM

Forex has long become boring and boring. There are no such sharp ups and downs of currency pairs. All currencies have long been known and long predicted. And in the crypto currency you never know what coin can take off tomorrow. And this spurs the excitement of many traders.

Yes trading cryptocurrency is very exciting it also gives a big chance to earn a big profit and also if you loss some money because of the dump you can have a chance to get this losses by waiting for the pump of the price and can get new all time high that provides a big amount of money if you hold this coin.

AliCris

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Forex has long become boring and boring. There are no such sharp ups and downs of currency pairs. All currencies have long been known and long predicted. And in the crypto currency you never know what coin can take off tomorrow. And this spurs the excitement of many traders.

Topic: Bitcoin traders, why don't you just trade forex? - page 15. (Read 25308 times)