Is FX Trading on the way out for Cryptos?
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Thread: Is FX Trading on the way out for Cryptos?

  1. #1
    HeyforexintuitiveMembers,

    Here's a question I've been hearing a lot lately.

    Are FX traders moving from FX and looking to Cryptos?

    Cryptos have all of the hype these days and oh boy have some mad volatility.

    I have retained my FX trading going strong while dabbing at a bit of Cryptos and ICO's.

    Would be interested to hear what you and your trading groups thoughts on this.


    I have retained my FX trading going strong while dabbing at a bit of Cryptos and ICO's.

  2. #2
    1 Attachment(s) As you may see, here I made a remark on the topic in May 8, 2017.

    BTC was just breaking above 1500, and I said we will make a killing with this market. (And we did, or a few people ) Current price is 14700
    https://forexintuitive.com/forex-tra...0-journal.html

    Unfortunately very few people paid attention to my post. The majority of participants of the forum remain stuck in the old method of thinking.

    We all hear is it is a scam it is a bubble....

    WHO CARES! Just buy the damn item at low price, sell it high price and enjoy the show!

    People are too afraid to try new things. Because of this they miss the greatest chances.

  3. #3
    For me it is not there yet.
    Way to volatile, no regulation and it isn't established sufficient yet.

  4. #4
    Quote Originally Posted by ;
    For me it's not quite there yet. Means to volatile, no regulation and it's not established enough yet.
    Hahah

    There is no such thing as too volatile! High Volatility = great! Plus these new markets are exchanged without leverage. And if you feel that the risk is too high - only trade smaller size. No need to place trades that are large. With crypto you can trade very very tiny sizes. Just like 100$. . Or even smaller.

    Regulation!? You serious? Man, authorities are wicked! The crypto coins are made for the purpose to ESCAPE regulations.

    These markets are so attractive NOW, since they are new! When they become established and mature, the opportunities will dry up.

    Remember! The early bird ches the worm.

    For instance, if you grab some new exotic coin at $0.01 and sell at $5.01 you earn 50 000% therefore a tiny risky investment of $100 can return $50 000

    This is the kind of opportunity we are talking about. Expansion potential. Buy when the price is low. Sell when the term is out. (In the news).

    This is the new game!

  5. #5
    1 Attachment(s) You miss XRP / USD at $0.006 last year? The current price is $2.5
    https://forexintuitive.com/forex-tra...ng-levels.html

    Don't worry! There'll be several different opportunities in this way in the near future.
    Just keep your eyes open, and do not' be afraid to take risks.

  6. #6
    Quote Originally Posted by ;
    quote Hahah There is not any such thing as too volatile! Volatility = great! Plus these new markets have been traded without leverage. And if you think that the risk is too high - only trade smaller size. It's not necessary to place large trades. With crypto you may trade very very tiny sizes. Just like 100$. . Or even smaller. Legislation!? You serious? Man, authorities are evil! The crypto coins are all made for the very purpose to ESCAPE regulations. These markets are so attractive NOW, as they are new! When they become mature and established, the opportunities...
    Your arrogance is disgusting. You got a run - great. Enjoy.

    But fretting about mentionable DISADVANTAGES cryptos are having is just disrespectful.

    No regulation means no securities. Getting your crpyto exchange hacked means game over. Getting restrictions on withdrawals or even rejections signifies bad luck and nothing you can do about. Your FX broker is messing up? At least you have somebody you may refer to in this case.

    Enormous gains aren't guaranteed and past performance is nothing to take as prediction for the long run. I can boast with my extremely profitable FX egy as well, friend. Leverage could be your friend!

    But profit isn't everything people are making their minds up about when thinking about risky investements.

  7. #7
    Quote Originally Posted by ;
    quote Your arrogance is disgusting. You got a run - great. Enjoy. But fretting about mentionable DISADVANTAGES cryptos are having is just disrespectful. No securities are not meant by any regulation. Having your crpyto exchange hacked means over game. Having limitations on withdrawals or even bad luck and nothing else you can do about. Your FX broker is messing up? At least you've got somebody you may refer to in this circumstance. Big gains aren't guaranteed and past performance is not anything to take as prediction for the long run. I can boast with my really profitable...
    Arrogance? What the hell are you referring to?

    I'm just pointing the chances of the future. Open your eyes!

    Maybe for you it is Ok to sit on the sidelines, and also to see the man beside you while he gets countless....

    But not me! I run with all the winners. ALWAYS!

    I did it with the stock market throughout the dot-com bubble.
    I did it with the property market a few years back.
    I did it with the Forex market in the early 2000s as it had been possible to do arbitrage.
    NOW, I'm doing it AGAIN with the crypto currencies. (Already made a little fortune with BTC).

    I'm not saying all this just because I want to brag about how great I am. That is NOT ABOUT ME!
    I need YOU to make money as well.

    The greatest chance in you life is right in front of you. Can you say NO?
    This forum is totally asleep and it appears that only a few people here know what's going on right now.

  8. #8
    Did you refer to the mentioned problems cryptos have in ANY KIND?

    Who just tells you, that (like ) I might not be more succesful than you are? I exclude cryptos ON PURPOSE due to the problems that are presented and am doing well.

    I'm happy for you or in general people beeing able to grab a big fish. However, that doesn't make them better or extremely wise although it might be working for you.
    It is still possible to be effective without cryptos. Especially now, where the hype might already be over.


    Btw: However, not me! I run with the winners. ALWAYS! This really is arrogance.

  9. #9
    Quote Originally Posted by ;
    You overlook XRP / USD at $0.006 last calendar year? The current price is $2.5 image Do not worry! There will be many different opportunities in this way in the near future. Just keep your eyes open, and do not' be afraid to take risks.
    Are you currently using a penny inventory approach on (possible) bubbles?
    Was diversifiion among your most important edges to achievement in the cases you have mentioned such as dot com?

  10. #10
    Quote Originally Posted by ;
    quote Are you currently using a penny stock approach on (possible) bubbles? Was diversifiion one of your advantages you've mentioned like dot com?
    Yes! Stock approach is good way. ( I exchange penny stocks too they're super entertaining )
    I apply this approach in my typical day daily fx trading.

    I'm not much into diversifiion. Instead I prefer the hit and run approach hoping to ride the latest trends. Or when potential - to market short whenever the mania is over.

    It all comes down to the ability to comprehend the current state of each bubble. This way it is possible to take advantage of the crowd.
    To a large extend you've got to be contrarian to be successful in this game.

    Over time I came to the conclusion that the normal pump and dump model is EVERYWHERE! It's the basis of all speculation and it's the most dependable pattern. The main principles of the pattern can be applied to any market, and even in business generally.

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