Topic: Forex is investment is a country - page 3. (Read 435 times)

"When you buy, for example US dollar, you show your confidence in US economy."

"Bitcoin future does not look good since it is decentralized and it is trying to eliminate world's most powerful currencies"

Who told you those non-senses?!

99% of FOREX trades are made by speculative reasons and with profit goals. When I'm open a sell order on USD then what? Or JPY/GBP?

I guess you don't care to have a logical discussion and instead just want to make connections from nothing as long as it ends with fudding bitcoin. To clarify, bitcoin was much less than $1 initially, in fact under $0.01. It would not rise so high if it was simply a scam, nor would it last for 9 years. If it does not replace banks or the US dollar it is not because it is a scam, it's just because it didn't reach such heights.

All those talks about Bitcoin killing banks, US dollar, gold etc.. and Bitcoin $1 to $10,000 in 9 years. All the signs of giant scam.

forex is the best idea but in forex you need a large amount of money to make some dollars dont tell me trade with leverag cuz all brokers are scammers

And what were those big names before they became big names? They were small fish.


So then what point is it that you are trying to make? That bitcoin will be killed by the US government or by large corporations because it is attempting to compete with them?

Supply and demand??? Don't get me wrong, I think it's ridiculous too, but it is what it is. That doesn't take away from its utility, nor from its future potential. It's not taking on fiat either. If you read the white paper, it's not much more than a peer-to-peer electronic cash system that was built as an alternative so that people won't need to pay mediation fees for payment processors.


What does this job stealing argument have to do with Bitcoin? You can't peg Bitcoin's value, a decentralized currency, to one number either, what kind of economics would that be?

I know stock markets are known as gambling hub/casinos etc..

He may be saying that and if that is what he is saying he'll soon notice that no stock is backed by anything, it's just backed by the full faith of the company which isn't anything anyway -- most stocks are worth more in stock then the company is worth with all of the assets. So yeah, if the company is liquidated nit everyone can get everything.

Everything is risky, that's how investments work. Bitcoin may be more risky then other investments, though they're all a big risk.

Bitcoin $1 to $10,000 in 9 years, has all the signs of money from thin air. What kind of economics is that ??

Americans are losing jobs to $8,000/month foreign workers (H1-B visas). Bitcoin at $100 looks OK.

It may look more profitable, but it is also MUCH MUCH MUCH MORE RISKY. It's not something you're going to want to get into if you can't handle the risk tolerance that comes along with Crypto. This is why people stick to traditional investments, because they can't handle the risk financially and emotionally.

So yeah, don't get into bitcoin and other cryptos if you can't handle the fact that it could all be gone in an instant.

What an empty argument

What you see as problem or difficulty, I see as higher quality. You are saying that the decentralization of Cryptocurrency would be a problem since investing in it means trusting nobody. Contrary to investing in the dollar where you trust in the US government and to invest in stocks where you trust in the companies.

Investing in BTC means: code is the law. Yes, simple as that. Do not trust anyone, verify.

We are moving into an era where you can be an individual who does not depend on the big institutions and government for everything.

I agreed with more or less everything you said up until that last bolded line.   

It might be accurate to say that bitcoin isn't attempting to eliminate the world's most powerful currencies but is rather attempting to compete with them and through competition create more stable, reliable, markets. Give consumers more options. And through the utilization of free markets between currencies perhaps lower transaction fees, fairer taxes on funds imported into foreign countries, encourage faster and more reliable transactions.

Of course, one major reaction to bitcoin is global banks beginning to rollout services which offer faster transaction services with lower fees. Already we see the competition introduced by bitcoin having a positive effect upon how banking is done. Perhaps over the long term bitcoin's stability will also incentivize more balanced and responsible spending on the part of states and governments, so that budgets can be maximized in terms of cost effectiveness and efficiency. Cutting waste and bloat from budgets may be one of the most dire dangers facing civilization and society at large.

And so while bitcoin being small and the underdog isn't in a position to wage a war or attempt to eliminate more established and traditional currencies, it doesn't imply that the opposite is not occurring. As we see banks and others attempting to gain regulatory powers or outright bans on crypto worldwide.

Forex,also known as foreign exchange,fx or currency trading,is a decentralized global market where all the world's currencies trade. The forex market is the largest,most liquid market in the world with an average daily trading volume exceeding $5 trillion.

Look at the "big names" is world trade and commerce and Forex. Bitcoin is the small fish that will be eaten.

What are you saying, that bitcoin isn't a safe investment because it is not supported by anything? What about by people wanting to use it, that's the exact same as the USD, its price is determined by money supply and money demand.

Forex trading is the indicator on financial system worldwide. USDollar/EURO/GBP/Gold/Silver are the pillars of trading and business worldwide. When you buy, for example US dollar, you show your confidence in US economy. Gold and Silver is universally accepted investment which protects people's wealth during wars, inflation etc.. So investing in forex is investing in a country and not in a company. In stock markets, you invest in a company and 150 of Fortune 500 companies have closed down since year 2006.

Gold is preserve of wealth. After 100 years of industrial revolution, Gold has seen and survived many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more.. There is $10 to $90 worth of Gold in each computer/laptop processor.

Bitcoin future does not look good since it is decentralized and it is trying to eliminate world's most powerful currencies.