Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....
Jun 25, 2019 at 05:56
leo23 posted:AmDiab posted:Forex traders usually don't like crypto, because there is almost no leverage in crypto as compared to forex. But forex traders don't have any choice, because as I predicted before few years forex trading will be dead within few years since there will be no liquidity in the market when all fiat currencies will be dead and banks will be dead.
Leo; you are doing outstanding job (posting of crypto) by adding valuable words! But I see; mostly Forex traders aren’t interested on crypto; as I think; it’s really unfortunate!
Because all money from forex will switch to crypto market. Since it is the banks who provide liquidity to the forex market and when there will be very few users for the banks, then liquidity will naturally dry out.
One of the early signs are like ESMA rules for europian forex brokers for leverage reduction and next coming behind ASIC brokers now and people discuss that forex brokers will be dead, but it is not true entirely. Rather forex trading will be dead and those brokers who will switch to crypto trading will survive and others will die.
Finally, it doesn't matter whether someone is a forex trader or not, because for day to day expenditures people have to use crypto since there will be hardly any companies accepting fiat money after few years. Those companies accepting fiat will have much higher fees compared to crypto and hence, people will naturally switch to crypto.
Also, now even while sufficient liquidity is there in the forex market more than 90% of retail traders loose money and when there will be no liquidity in the forex market, then 99% of traders will loose money except those big hedge funds using highly sophisticated algos for trading.
So Forex trading and traders really don't matter for crypto anymore since forex trading will be dead within a matter of couple of years. The quicker forex trader will switch to crypto, it is better for them. Because at least in crypto you can't loose more money since there is no big leverage available, but still you can loose in crypto as well. So I don't recommend crypto margin trading as well and I recommend only crypto holding and crypto usage.
You honestly think that within a 'few years' all fiat currency and banks will be dead. That seems very unlikely to me
Jun 25, 2019 at 06:14
EmilioV posted:Please don't go by my words and think for yourself.leo23 posted:AmDiab posted:Forex traders usually don't like crypto, because there is almost no leverage in crypto as compared to forex. But forex traders don't have any choice, because as I predicted before few years forex trading will be dead within few years since there will be no liquidity in the market when all fiat currencies will be dead and banks will be dead.
Leo; you are doing outstanding job (posting of crypto) by adding valuable words! But I see; mostly Forex traders aren’t interested on crypto; as I think; it’s really unfortunate!
Because all money from forex will switch to crypto market. Since it is the banks who provide liquidity to the forex market and when there will be very few users for the banks, then liquidity will naturally dry out.
One of the early signs are like ESMA rules for europian forex brokers for leverage reduction and next coming behind ASIC brokers now and people discuss that forex brokers will be dead, but it is not true entirely. Rather forex trading will be dead and those brokers who will switch to crypto trading will survive and others will die.
Finally, it doesn't matter whether someone is a forex trader or not, because for day to day expenditures people have to use crypto since there will be hardly any companies accepting fiat money after few years. Those companies accepting fiat will have much higher fees compared to crypto and hence, people will naturally switch to crypto.
Also, now even while sufficient liquidity is there in the forex market more than 90% of retail traders loose money and when there will be no liquidity in the forex market, then 99% of traders will loose money except those big hedge funds using highly sophisticated algos for trading.
So Forex trading and traders really don't matter for crypto anymore since forex trading will be dead within a matter of couple of years. The quicker forex trader will switch to crypto, it is better for them. Because at least in crypto you can't loose more money since there is no big leverage available, but still you can loose in crypto as well. So I don't recommend crypto margin trading as well and I recommend only crypto holding and crypto usage.
You honestly think that within a 'few years' all fiat currency and banks will be dead. That seems very unlikely to me
If you want to transfer money whether few thousand dollars or millions dollars from your country to other country for whatever reason which one will you prefer out of the 2 options below?
1.You will go to the bank, probably fill some forms and do the currency conversion and pay the conversion fees from your currency to the destination country currency and transfer the money. Not only that every country has certain limits on how much money you can transfer from one country to another country. I know online wire transfers are possible in many countries in many banks, but still there are yearly transaction limits and conversion fees are involved.
2.You will just ask the receiver his crypto wallet address and directly send the money from your mobile wallet to his mobile wallet almost no fees just like you send a picture or video or email to someone. You can do this unlimited without any upper transaction limits or any permissions from your country government. This is one of the aims of the facebook coin 'Libra' launching next year.
So 99% of the case people will choose the second option especially large corporations when there is a huge currency conversion fees are involved in each money transfer. Now banks will get no liquidity which now they are getting due to currency conversion. So how banks will survive and how forex brokers will survive if no one will do the currency conversion?
So when I say banks and forex trading will be dead, please don't take it literally. Yes, there might be banks and forex brokers there, but the usage will be minimal or negligible so much.
The phenomena is equivalent or analogous to usage of mobile phone verses land phone. Land phones are not dead yet and used in offices, but compared to the individual use case of mobile phones we hardly even notice the land phones these days and similarl situation will happen to fiat currencies. Fiat currencies might be used just for paying government salary etc after few years.
Artificial General Intelligence
Membro Desde Aug 27, 2017
994 posts
Jun 25, 2019 at 07:54
Good point leo; it’s a hassle to transfer such a big amount with traditional currency! So, BTC will be 1st choice.
keeping patience.......
Jun 25, 2019 at 08:19
(editado Jun 25, 2019 at 08:19)
Adribaasmet posted:By the way, if I am not completely wrong in my guess, then this bullish move started immediately after the US china trade war of increasing tarrifs for import and export of goods and services between US and China.
Good point leo; it’s a hassle to transfer such a big amount with traditional currency! So, BTC will be 1st choice.
That means huge corporations and institutions are probably already dealing directly with Bitcoin and avoiding dollar completely to get a double benefit of tax avoidance as well as currency conversion fees. So huge amounts of products and service exchanges are happening between US and China using Bitcoin which is increasing the Bitcoin demand forcefully.
Some people say that this Bitcoin move is because of institutional money moving into it. But the way it is moving I suspect it is mainly because of usage of BTC and not because of putting money in BTC directly.
Because if money would be poured directly into BTC without cash out, then we would have seen a direct shoot up in price without pull back or slowdown which is not happening. Rather Bitcoin is moving just slowly and steadily because of usage of BTC.
However, these are just my guesses and I don't have any proof on these things to back up my words. But if I am correct in my guess, then BTC should continue to rise with slight pull backs like this what is going on now.
Artificial General Intelligence
Jun 25, 2019 at 10:25
leo23 posted:Adribaasmet posted:By the way, if I am not completely wrong in my guess, then this bullish move started immediately after the US china trade war of increasing tarrifs for import and export of goods and services between US and China.
Good point leo; it’s a hassle to transfer such a big amount with traditional currency! So, BTC will be 1st choice.
That means huge corporations and institutions are probably already dealing directly with Bitcoin and avoiding dollar completely to get a double benefit of tax avoidance as well as currency conversion fees. So huge amounts of products and service exchanges are happening between US and China using Bitcoin which is increasing the Bitcoin demand forcefully.
Some people say that this Bitcoin move is because of institutional money moving into it. But the way it is moving I suspect it is mainly because of usage of BTC and not because of putting money in BTC directly.
Because if money would be poured directly into BTC without cash out, then we would have seen a direct shoot up in price without pull back or slowdown which is not happening. Rather Bitcoin is moving just slowly and steadily because of usage of BTC.
However, these are just my guesses and I don't have any proof on these things to back up my words. But if I am correct in my guess, then BTC should continue to rise with slight pull backs like this what is going on now.
Interesting analysis. Either way it looks positive for BTC and could be another burst up in price coming. Be amazing if we reached $100k
Jun 26, 2019 at 17:20
(editado Jun 26, 2019 at 17:26)
As I mentioned before few times in this thread, the price of Bitcoin works like a spring which means the more time it is suppressed it shoots up more violently upon recovery.
So we can expect a sudden and sharp rise in price if BTC settles above the all time high somewhere above 21K or more, because it has been suppressed for more than 1.5 years. Looking into the current speed, it seems to achieve may be within few days or weeks probably. If a sudden and sharp break out happens above 21K, then we can expect an easy 80K to 100K target may be within few weeks or a couple of months.
But BTC investment is no more for the retail investors, because it is never going to be a straight line up and up and hence, sudden and big price ups as well as downs might be seen. So it is better for retail investors to be active in alt coins which will even give 5 to 10 times more return than Bitcoin with less investment.
Also, probably my previous guess is correct about BTC in my previous post. It means large corporations are using BTC for daily buying of goods and services between countries and for payment settlements and avoiding fiat currencies completely. That is one of the main reasons why BTC is rallying more rapidly than alt coins, but previously alt coins used to rally more rapidly compared to Bitcoin, but this time it is Bitcoin which is rallying much faster and BTC dominance is also over 62%.
NOTE:: All the price analysis and predictions are only my personal opinion and not any financial advice to invest in crypto and hence, everyone reading this thread should carefully consider the risks before investing anything in crypto.
So we can expect a sudden and sharp rise in price if BTC settles above the all time high somewhere above 21K or more, because it has been suppressed for more than 1.5 years. Looking into the current speed, it seems to achieve may be within few days or weeks probably. If a sudden and sharp break out happens above 21K, then we can expect an easy 80K to 100K target may be within few weeks or a couple of months.
But BTC investment is no more for the retail investors, because it is never going to be a straight line up and up and hence, sudden and big price ups as well as downs might be seen. So it is better for retail investors to be active in alt coins which will even give 5 to 10 times more return than Bitcoin with less investment.
Also, probably my previous guess is correct about BTC in my previous post. It means large corporations are using BTC for daily buying of goods and services between countries and for payment settlements and avoiding fiat currencies completely. That is one of the main reasons why BTC is rallying more rapidly than alt coins, but previously alt coins used to rally more rapidly compared to Bitcoin, but this time it is Bitcoin which is rallying much faster and BTC dominance is also over 62%.
NOTE:: All the price analysis and predictions are only my personal opinion and not any financial advice to invest in crypto and hence, everyone reading this thread should carefully consider the risks before investing anything in crypto.
Artificial General Intelligence
Membro Desde Aug 27, 2017
994 posts
Jun 27, 2019 at 06:13
This time the Bull Run is quite different since. altcoin struggling! BTC is going to the moon manually!
keeping patience.......
Membro Desde May 04, 2019
23 posts
Jun 30, 2019 at 06:54
I really woud love to invest now in some crypto currency lately. They are growing mad really with all that schemes. It costs today something like $11000 or more really with everything you posted here and current state of the market for that matter.
Jun 30, 2019 at 09:52
Nuadahuginn posted:
I really woud love to invest now in some crypto currency lately. They are growing mad really with all that schemes. It costs today something like $11000 or more really with everything you posted here and current state of the market for that matter.
It’s not too late buddy! It’s just beginning! Go for it! But you must have a long term plan on crypto!
Oct 30, 2019 at 08:45
btc will finish its bear run soon , but still has more downside before the climb begins, there has been some beautiful volatility in the market as of lat showing the big boys are back in town .... but the biggest moves are yet to come .... plenty more of what we have seen 1st .... tricking those pesky retail traders before we see btc do its thing and retest this years highs sometime next year ..... 10k is the key level to watch out for atm .
Membro Desde Sep 04, 2019
10 posts
Oct 30, 2019 at 12:41
All the big ones are strongly correlated. Just pick one and go for it. BTC seems to be most popular
Membro Desde May 14, 2019
30 posts
Mar 25, 2020 at 19:13
I do hope that something will happen lately with all this entirely. I am waiting fall of all this cryptos to buy even more a bit later on all this progress entirely and possibly anyway. I do hope we really can make something like investing later. For now let it roll back to 10 years ago.
Apr 12, 2020 at 17:56
How all crosscourses works now with all that strange currencies? Do you really see any progress with that matter? I do hope that activity may fall and their overall value as well, so I am stopping that for now, thanks I am not doing that full time.
Membro Desde Apr 23, 2020
3 posts
Apr 24, 2020 at 06:51
Today the price for a bitcoin reaches at $7000. While watching its growth and decline I observed that its oscillation can be unpredictable. Taking that in consideration, it’s hard to know what will happen in a year or two.
Membro Desde Mar 23, 2020
9 posts
Apr 24, 2020 at 11:58
In 1 year BTC could be worthless or it could be $20k. No one knows. But whoever lucks in with the right answer will be quick to say 'I told you so'
Apr 24, 2020 at 18:18
(editado Apr 24, 2020 at 18:19)
adamroberson posted:
Today the price for a bitcoin reaches at $7000. While watching its growth and decline I observed that its oscillation can be unpredictable. Taking that in consideration, it’s hard to know what will happen in a year or two.
As of today, bitcoin’s price hits $7500. How about that? Yes, two years it hit almost $20,000 and comparing it to today makes it feel like a giant among dwarves. It just so happens that all of my friends are involved in crypto exchanges. So obviously I couldn’t stand beside and just watch as they possibly take part in something that might represent our future. I’m still new at this but I already (with the help of my friends) found some platforms for exchanging cryptocurrency like https://oqex.io. I can’t predict the future, but I like to think that cryptocurrencies will replace regular money. We’ll have to wait and see.
Apr 28, 2020 at 12:08
Ok, so cryptotrading is cheaper than forex but it is certainly not the safest, Cryptotrading is the riskiest form of trading that I know of online. Forget about only you having access to the wallet. There are so many hackers out there that canget acess to your wallet. A lot of scammers also roam around cryptotrading. I am not agains it but whoever gets involved in it should take caution.
