cryptocurrency trading is safe than forex trading - page 5.

mk4

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Quote from: stompix on November 10, 2021, 07:15:44 AM

Exactly, in a bull market where everything goes up the chances of actually buying something that is losing value are pretty slim unless you go and buy shitcoisn that had been just pumped already 100x times in a flash.
A fair comparison would be when the market is at a standpoint like it was last year, nobody was then bragging how good it was, how trading could replace any job how millions could make living out of it. If a serious drop happens out of a blue in the next weeks a lot of poeple will be again caught by surprise and end up losing everything they've gained over the year. Overconfidence is really really bad when doing this.

It's pretty much 2017 all over again; just in a smaller scale as of now. New peeps going in thinking that they're so smart because 90% of their picks go up. Admittedly, I also thought I was some investing prodigy as well back in 2017 lol. But yea, people should just learn from what happened in the past, rather than making the exact same mistakes the 2017 peeps had.

palle11

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Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I made post here when i ask how to trade cryptocurrency many people answer me well. I don’t knw if there is how i will link that post to this new one.

Yes you can do that by copying the thread link and pasting here on your thread post so interested readers can easily click on it to see what you are explaining. But meanwhile the bull market can get any body in profit if they enter the trend. You can speak more when the season is over.

Quote from: ?? on ??

Crypto trading is more profitable than forex if you learn about coins and learn Technical Analysis. There is the same scenario in Forex trading but the stocks have less volatility than crypto and the Crypto market is open for 24 hours but in forex trading, there is a time of opening and closing market. So my favorite is Crypto.

I think the difference between cryptocurrency and forex is if you are hodling the coin and waiting for when to sell but as to trading, I believe they are same because you can lose the portion that you are trading to the market but if you are hodling, you don't lose everything you have only the value can reduce.

so98nn

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Quote from: mk4 on November 09, 2021, 10:04:46 AM

Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell.

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

Yup definitely true. The misconception is literally seed for the worst trading enigma one can get! I mean the point at which you buy and you sell matters a lot. Someone could just be under impression that they made good trade by entering and applying some X strategies. However, they have not seen worst trades ever. The long waits, the stuck investments and the negative portfolio. That bloodbath must be experienced by true investor, and on top of that they must be able to recover their investment to show that they can work on different TA, and Fundamentals as well.

Well as far as forex is considered that market and crypto are literally not matching pairs. One is the most volatile the other one is lethargic and could be turtle speed really. Both of them has their own factual analysis based on real world vs virtual world usage.

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Quote from: GreatArkansas on November 09, 2021, 06:41:55 PM

Second, I think this time will differ on how you approach and handle cryptocurrency trading compare to forex trading. I can't tell because I haven't tried to trade Forex. But I know some people who started from Forex and started to trade cryptocurrency which they really admit the risk is high in cryptocurrency.

I'll tell you, because I've tried Forex. And many I know who did also moved to crypto.

It's way, way riskier in crypto. The exchanges are more dangerous, the volatility is higher, and even the fees/commissions are bigger (so you need to have bigger bankroll or volume to justify trading costs).

And if you're into defi then even more risk of rugpulls.

Ararbermas

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Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I made post here when i ask how to trade cryptocurrency many people answer me well. I don’t knw if there is how i will link that post to this new one.
I just understand that cryptocurrency trading is very well safe compare to forex trading. In cryptocurrency when bitcoin is high like this time, everyone will fine in the market. But greedy trader will not be fine. Everyone will be fine because if you loose don’t sell on loss just wait and the market will come back. i read about fundamental and technical analysis but I use different one which I dnt knw the name.
I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell. But in forex if the market is against you, its against you. What is the name of my style, is it fundamental or analization.

well you're new and you need more experience how crypto market really works, because you know its not necessary to hold all the time when you made mistakes because some crypto really going very dip, even you see binance or what ever exchanges its that listing some sort coin that has potential it still skeptical in my personal opinion. wherein you need specific information what will be the real direction of the growth rate.. Follow news and etc that can help you to determine the growth rate to assure everything will gonna be alright even you hold there's no worries in it..
And fyi to crypto market is more risky mate it's base on my experienced to be honest..

stompix

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Quote from: mk4 on November 09, 2021, 10:04:46 AM

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

Exactly, in a bull market where everything goes up the chances of actually buying something that is losing value are pretty slim unless you go and buy shitcoisn that had been just pumped already 100x times in a flash.
A fair comparison would be when the market is at a standpoint like it was last year, nobody was then bragging how good it was, how trading could replace any job how millions could make living out of it. If a serious drop happens out of a blue in the next weeks a lot of poeple will be again caught by surprise and end up losing everything they've gained over the year. Overconfidence is really really bad when doing this.

Quote from: ?? on ??

It cannot be said that my $1000 can come to 0 in a few days. Which is never possible in crypto. It is possible to keep any asset with you as long as you want. So crypto trading is definitely safe then forex trading.

squid token... Roll Eyes

carrigan

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I think the two assets have equally large risks, all of which have their own pluses and minuses. However, there are people who think that forex trading is safer than bitcoin or other cryptocurrencies because there is control from the central bank of each country. But that's just an opinion that is not yet clear, so that doesn't mean forex is safer than crypto or vice versa.If you choose to trade crypto, I recommend. If a beginner wants to buy crypto currency, I think there are types other than Bitcoin that have a valuation basis, so they are much safer than Bitcoin.

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They each have their own pros and cons though. Crypto has volatility which is both imo, if you can take advantage of it you can pretty much profit big in just one single trade, but the opposite could also be the same. I guess Forex is just more stable when compared to crypto, though said stability is probably also one of the factors that make it difficult to actually do it. Not to mention that just comparing the possible profits one could gain (and lose) on both sides, crypto would naturally stand out. Especially since bull markets in crypto happen, which makes it easy to profit.

YOSHIE

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What is certain is that forex and crypto trading have their own parameters in conducting transactions, crypto trading has no terms, you buy cheap prices sell high prices, it's a different story with forex he has terms in trading exchange rates and foreign exchange.

Crypto and foreign exchange trading security is clear as you said crypto does not have a third party or controller, while forex can still be controlled by: entities, individuals, countries and internationally based on economic growth, of course in trading and also when making transactions, indicators in terms of security are better crypto than forex.

trickys

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I'd say it's the opposite, forex trading is safer as cryptos are too volatile. Crypto's can easily go up and down 5%-10% a DAY and wipe out many traders whereas 1% for forex majors is a big move.
It's just now there's too much crypto hype but when the dust finally settles we'll see the true amount of crypto losers. I bet it'll be over 80%.

GreatArkansas

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Ok, I think this time it is already flipped, which before I always hear and believe that trading cryptocurrency is riskier because of volatility of cryptocurrency, and cryptocurrency is known as the most volatile asset in the world.

Second, I think this time will differ on how you approach and handle cryptocurrency trading compare to forex trading. I can't tell because I haven't tried to trade Forex. But I know some people who started from Forex and started to trade cryptocurrency which they really admit the risk is high in cryptocurrency.

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Quote from: mk4 on November 09, 2021, 10:04:46 AM

Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell.

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

It's very risky man. If you look at LRC right now that did 10x rise in two weeks and doesn't seem to stop, then I would say that you have to be very, very, very lucky to find that kind of coin. Always remember that every hot gainer coin becomes hot loser but not every hot loser coin becomes hot gainer.

And as mk4 said, in bull run almost everyone is the winner until the FOMO effect. There is a moment when FOMO starts, it usually happens when the price has tremendous risen and that's the moment when the most unexperienced traders or newbies enter the market with all of their capital, the smarter ones sell all of their coins to these newbies, these newbies buy and then when small fall happens, these newbies panic sell because they saw 4-5% loss in their capital, then the market crashes.

Lanatsa

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Quote from: mk4 on November 09, 2021, 10:04:46 AM

Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell.

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

People wont know until they had faced up the reality of this market on how fast it do shifts when it comes to trend from bullish to bearish on almost an instant or few minutes or hours which they would definitely say that it is way more riskier that forex/stocks.

I have experience on dealing with forex which I could say that price movement isn't really that harsh but doesn't mean that its easy.There are still people who burnt out their accounts because of that one.How much more in crypto?

I don't really consider the word "safe" on any investment specially on trading field.

Silberman

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Quote from: mk4 on November 09, 2021, 10:04:46 AM

Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell.

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

Many traders mistake for skill the fact the market has been moving positively for some time already and they have obtained profits when this could not be further from the truth, almost anyone that has invested since March of 2020 is experimenting profits or at least breaking even, the only ones that are losing money are the ones that panicked and sold when bitcoin experimented a correction and those that bought at the ATH, and when that is the case it is impossible to determine by our profits alone if we are good traders or not.

tippytoes

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Quote from: el kaka22 on November 09, 2021, 02:06:41 PM

I doubt that people would call crypto trading a bad thing in a forum called "bitcointalk", if there is a "forextalk" then go ahead and check that out and ask the same question and they will tell you that forex is more safe and crypto is bad. This question has answers based on who you are asking and not based on data.

If you are a good trader in crypto you will be great in crypto, if you are a bad trader in crypto then you will lose money, if you are great at forex you will profit there, bad at forex means lose there. All in all it depends on you and how you can do it, there is really nothing that makes everyone be the same and suddenly this is better or that is better collectively.

We can't really generalize this aspect because every trader has their own strengths and weaknesses. I do agree that if you ask those forex guys, they will have the opposite opinion. For them, it is safe to do forex trading rather than crypto trading especially if they haven't done any crypto trading yet. But if you are a long time crypto user and haven't been in forex trading, you will be more comfortable to trade in crypto. But it doesn't mean, you are guaranteed safe because it depends on the coins that you are going to trade with. So in this case, this depends on the person, the capability, his knowledge and skills towards these 2 types of trading.

el kaka22

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I doubt that people would call crypto trading a bad thing in a forum called "bitcointalk", if there is a "forextalk" then go ahead and check that out and ask the same question and they will tell you that forex is more safe and crypto is bad. This question has answers based on who you are asking and not based on data.

If you are a good trader in crypto you will be great in crypto, if you are a bad trader in crypto then you will lose money, if you are great at forex you will profit there, bad at forex means lose there. All in all it depends on you and how you can do it, there is really nothing that makes everyone be the same and suddenly this is better or that is better collectively.

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Quote from: mk4 on November 09, 2021, 10:04:46 AM

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

Interestingly they will make more money if they don't trade at all by just HODLing itself when they are in bull market. Wink

@OP no matter what kind of trading it always comes with the risk so there is no safe asset to trade at all and if there is any asset which keeps increasing then its not a trading asset.

mk4

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Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell.

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

uchegod-21

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I made post here when i ask how to trade cryptocurrency many people answer me well. I don’t knw if there is how i will link that post to this new one.
I just understand that cryptocurrency trading is very well safe compare to forex trading. In cryptocurrency when bitcoin is high like this time, everyone will fine in the market. But greedy trader will not be fine. Everyone will be fine because if you loose don’t sell on loss just wait and the market will come back. i read about fundamental and technical analysis but I use different one which I dnt knw the name.
I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell. But in forex if the market is against you, its against you. What is the name of my style, is it fundamental or analization.

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