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Topic: Bitcoin traders, why don't you just trade forex? - page 24. (Read 24933 times)

capoeira
legendary
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Re: Bitcoin traders, why don't you just trade forex?
July 07, 2014, 10:25:27 PM
#60
Quote from: ?? on ??
I don't trade forex because the 10:1 or higher margin is too risky.

At least with bitcoin if it goes to $100 usd, that same bitcoin if I hold it, can go back to my original value, say $650 per btc.

In forex, that same drop will wipe out my account because of the leverage. Multiplicative losses beats any gains. It's essentially gambling.

position sizing is the answer
capoeira
legendary
Activity: 2388
Merit: 1003
Re: Bitcoin traders, why don't you just trade forex?
July 07, 2014, 06:55:03 PM
#59
Quote from: bitminister123 on July 07, 2014, 05:13:39 PM
Forex is fiat bitcoin is the future  Cheesy

if Bitcoin is the future it will be in Forex  Grin
bitminister123
newbie
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Re: Bitcoin traders, why don't you just trade forex?
July 07, 2014, 05:13:39 PM
#58
Forex is fiat bitcoin is the future  Cheesy
Fireball
hero member
Activity: 674
Merit: 500
Re: Bitcoin traders, why don't you just trade forex?
July 07, 2014, 06:51:52 AM
#57
Quote from: capoeira on July 05, 2014, 09:17:13 AM
you can't trade Forex pairs in them.....but I hope this will come soon

Speaking of which, we are measuring interest in such service. In your (this topic readers/writers) opinion, are you interested in trading USD/BTC pair with BTC being your account currency. E.g. you buy the base currency of the pair (USD), and sell quote currency of the pair, which is BTC.
Quotes would be like 1.5898, which means that for every 1.5898 BTC that you sell, you purchase US $1000.

or

are you interested in trading BTC/USD pair, with USD being your account currency. Quotes would be like 628, which means that for every $628 that you sell, you purchase 1 BTC.

It would be interesting to get this kind of feedback, as each way has its own pros and cons.
capoeira
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Activity: 2388
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Re: Bitcoin traders, why don't you just trade forex?
July 05, 2014, 09:17:13 AM
#56
Quote from: leancuisine on July 04, 2014, 07:03:03 PM
Quote from: capoeira on July 02, 2014, 07:10:07 AM
Quote from: cxz on May 20, 2014, 12:13:23 PM
Quote from: ?? on ??
Quote from: AyeYo on July 10, 2011, 04:45:56 PM

Who said MtGox doesn't trade against people?  There's no regulation, remember?  No laws against conflict of interest, nothing like that.  Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land.  But yet people think regular FX is too rigged and risky?   Cheesy

Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.

Lol turns out mtgox didn't have any long term interest in anything else either


hahaha


I realy hope we get crypto based forex trading soon. Guess FxOpen will have it one day
Sorry for the two day bump. Wink I believe FXOpen already has crypto-based forex trading, using their crypto accounts you can have Bitcoin or Litecoin denominated accounts. 


you can't trade Forex pairs in them.....but I hope yhis will come soon
leancuisine
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Re: Bitcoin traders, why don't you just trade forex?
July 04, 2014, 07:03:03 PM
#55
Quote from: capoeira on July 02, 2014, 07:10:07 AM
Quote from: cxz on May 20, 2014, 12:13:23 PM
Quote from: ?? on ??
Quote from: AyeYo on July 10, 2011, 04:45:56 PM

Who said MtGox doesn't trade against people?  There's no regulation, remember?  No laws against conflict of interest, nothing like that.  Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land.  But yet people think regular FX is too rigged and risky?   Cheesy

Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.

Lol turns out mtgox didn't have any long term interest in anything else either


hahaha


I realy hope we get crypto based forex trading soon. Guess FxOpen will have it one day
Sorry for the two day bump. Wink I believe FXOpen already has crypto-based forex trading, using their crypto accounts you can have Bitcoin or Litecoin denominated accounts. 
capoeira
legendary
Activity: 2388
Merit: 1003
Re: Bitcoin traders, why don't you just trade forex?
July 02, 2014, 10:36:41 AM
#54
Quote from: DavidHume on July 02, 2014, 10:24:33 AM
Forex is a lot harder to trade than bitcoin.




it sure is
DavidHume
full member
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Re: Bitcoin traders, why don't you just trade forex?
July 02, 2014, 10:24:33 AM
#53
Forex is a lot harder to trade than bitcoin.

capoeira
legendary
Activity: 2388
Merit: 1003
Re: Bitcoin traders, why don't you just trade forex?
July 02, 2014, 07:55:11 AM
#52
Quote from: davellolzz on July 02, 2014, 07:31:42 AM
Quote from: AyeYo on July 09, 2011, 09:53:57 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?
Yah Im also wondering about this. Do BTC FOREX TRADERS earn fast than a normal real forex trading?


if you can handel Forex than it makes no sense to trade BTC...while BTC offers oportunity to trade like once a day, on Forex you have one once a minute
davellolzz
jr. member
Activity: 43
Merit: 10
Re: Bitcoin traders, why don't you just trade forex?
July 02, 2014, 07:31:42 AM
#51
Quote from: AyeYo on July 09, 2011, 09:53:57 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?
Yah Im also wondering about this. Do BTC FOREX TRADERS earn fast than a normal real forex trading?
capoeira
legendary
Activity: 2388
Merit: 1003
Re: Bitcoin traders, why don't you just trade forex?
July 02, 2014, 07:10:07 AM
#50
Quote from: cxz on May 20, 2014, 12:13:23 PM
Quote from: ?? on ??
Quote from: AyeYo on July 10, 2011, 04:45:56 PM

Who said MtGox doesn't trade against people?  There's no regulation, remember?  No laws against conflict of interest, nothing like that.  Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land.  But yet people think regular FX is too rigged and risky?   Cheesy

Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.

Lol turns out mtgox didn't have any long term interest in anything else either


hahaha


I realy hope we get crypto based forex trading soon. Guess FxOpen will have it one day
cxz
newbie
Activity: 48
Merit: 0
Re: Bitcoin traders, why don't you just trade forex?
May 20, 2014, 12:13:23 PM
#49
Quote from: ?? on ??
Quote from: AyeYo on July 10, 2011, 04:45:56 PM

Who said MtGox doesn't trade against people?  There's no regulation, remember?  No laws against conflict of interest, nothing like that.  Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land.  But yet people think regular FX is too rigged and risky?   Cheesy

Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.

Lol turns out mtgox didn't have any long term interest in anything else either
timmey
newbie
Activity: 28
Merit: 0
Re: Bitcoin traders, why don't you just trade forex?
July 28, 2011, 05:20:55 PM
#48
Quote from: AyeYo on July 09, 2011, 09:53:57 AM
It makes me wonder, why don't you guys just trade real forex? You can open micro accounts with as little as $25.
[...]
what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
Gambling. I personally don't trade bitcoins for a living(yet), i do it in my spare time. I actually started trading out of pure boredom while browsing the interweb and reading some article about bitcoins. Like when you go to a Casino... "I have a hundred bucks that i don't care about, let's gamble". It's a nice experience to feel a little like a broker at Wallstreet. Sure i could do the same with a micro account and real forex but that would make it somehow "official" and not just for fun anymore.
flix
legendary
Activity: 1227
Merit: 1000
Re: Bitcoin traders, why don't you just trade forex?
July 28, 2011, 01:12:11 PM
#47
Quote from: AyeYo on July 09, 2011, 09:53:57 AM

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

I want to trade FX with bitcoin.

The most annoying thing about most brokerage accts is the slow fund/withdraw process, together with the mass of financial regulations, AML, KYC, etc.

I want to be able to send BTC and withdraw them with a click. Like cash.
qikaifu
full member
Activity: 168
Merit: 100
God creats math and math creats bitcoin.
Re: Bitcoin traders, why don't you just trade forex?
July 27, 2011, 11:56:50 AM
#46
Please let me know if there is some forex that has a limited supply with a set up number and global acceptance.
AyeYo
full member
Activity: 154
Merit: 103
Re: Bitcoin traders, why don't you just trade forex?
July 25, 2011, 03:40:16 PM
#45
Quote from: GamblingPurveyor on July 19, 2011, 04:42:15 AM
Quote from: AyeYo on July 15, 2011, 11:17:32 AM
I get that and I even agree.  What I don't understand is how people trust these exchanges.  I'd trade BTC too for the exact same reasons, but it's the safety of the exchanges and why people trust them that doesn't make sense to me.

You could ask the same questions of mainstream stock brokers, and the answer would be no better. The fact is that "real exchanges" as you call them are not in "full compliance" with the law as you have tried to claim. The entire U.S. financial industry is known to have committed some pretty serious crimes. Every single stock brokerage, and every single FOREX broker in the United States is either a criminal organization, or secretly insolvent, and the only thing keeping them out of jail is the fact that they count many powerful politicians in their ranks.



And you can provide proof of this, right?  Every single one, huh?  I can't wait to see the many citations you'll provide to back up that claim.
NetTecture
full member
Activity: 140
Merit: 100
Re: Bitcoin traders, why don't you just trade forex?
July 19, 2011, 06:15:22 AM
#44
I don't touch forex with a 10 foot pole - unregulated and the trade software even has "fuck the customer" modules.

Wink If I want to trade, I use the CME GROUP and trade on CME, CBOT, NYMEX etc. Wink Regulated, decent prices.
GamblingPurveyor
member
Activity: 280
Merit: 10
Re: Bitcoin traders, why don't you just trade forex?
July 19, 2011, 04:42:15 AM
#43
Quote from: AyeYo on July 15, 2011, 11:17:32 AM
I get that and I even agree.  What I don't understand is how people trust these exchanges.  I'd trade BTC too for the exact same reasons, but it's the safety of the exchanges and why people trust them that doesn't make sense to me.

You could ask the same questions of mainstream stock brokers, and the answer would be no better. The fact is that "real exchanges" as you call them are not in "full compliance" with the law as you have tried to claim. The entire U.S. financial industry is known to have committed some pretty serious crimes. Every single stock brokerage, and every single FOREX broker in the United States is either a criminal organization, or secretly insolvent, and the only thing keeping them out of jail is the fact that they count many powerful politicians in their ranks.
Fireball
hero member
Activity: 674
Merit: 500
Re: Bitcoin traders, why don't you just trade forex?
July 16, 2011, 12:13:03 PM
#42
Quote from: AyeYo on July 15, 2011, 11:15:59 AM
Cool.  What's your point?

Trollism detected? You started this topic, you made some incorrect statements which I politely explained, you brought market making into account.

I just want every post in this forum to be a source of useful information, not just useless arguing or discussion.
AyeYo
full member
Activity: 154
Merit: 103
Re: Bitcoin traders, why don't you just trade forex?
July 15, 2011, 01:43:33 PM
#41
Quote from: ascent on July 15, 2011, 11:45:53 AM
Quote from: AyeYo on July 15, 2011, 11:17:32 AM
I get that and I even agree.  What I don't understand is how people trust these exchanges.  I'd trade BTC too for the exact same reasons, but it's the safety of the exchanges and why people trust them that doesn't make sense to me.

I'm not seeing much potential to scale in the Bitcoin market. It's fine as a sandbox, but can you really ramp up the size of your trades? Not only is the liquidity not there, but what if you did make some real money? Do you really want to have hundreds of thousands of dollars sitting on their servers?

And even as a sandbox, is it really a good sandbox if it doesn't move like the real markets do?

My points exactly.  Judging by the responses here, a lot of people think it's a good first step to learn trading more popular markets, but it's really not because it doesn't at all behave like normal markets.
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