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Crypto Trading
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By (user no longer on site)
over a year ago
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Yes, btc in the early days when it was $78!
More recently dogecoin however i sold them just before the peak, im staying away now still playing with shares but not crypto.
There will be a colossal crash later this year, asia are trying to ban it atm and i predict the bubbles done it will be worthless.
Treat is as gambling... only play what your willing to loose. Also remember when using coinbase ect your not physically buying crypto just shares within crypto which is a major misconception.
Be carefull.  |
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By (user no longer on site)
over a year ago
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Same as anything new, should have got in early doors.
I still buy small amounts of the cheapest crypto currency and I intend hanging on to it for a few years..I live in hope |
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Telcoin TEL is worth holding - check out LB649 - Nebraska's bill to establish a statewide cryptocurrency and digital asset bank framework, has been signed into law.
Clarity on XRP is coming, another one to hold.
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By (user no longer on site)
over a year ago
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"Same as anything new, should have got in early doors.
I still buy small amounts of the cheapest crypto currency and I intend hanging on to it for a few years..I live in hope"
What do you mean by the 'cheapest' crypto currency? They aren't directly comparable. |
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By (user no longer on site)
over a year ago
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Hi OP, I've been told off for offering advice on this in the past but I'll happily talk over PM if you would like some sage advice. No rude stuff, I promise. For whatever reason, I'm actually pretty good at the tradey thing. |
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By (user no longer on site)
over a year ago
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"Same as anything new, should have got in early doors.
I still buy small amounts of the cheapest crypto currency and I intend hanging on to it for a few years..I live in hope
What do you mean by the 'cheapest' crypto currency? They aren't directly comparable."
By ‘cheapest’ I don’t mean Bitcoin or Ethereum..more
like ‘cheapest’ as cheaper than them |
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By (user no longer on site)
over a year ago
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"Same as anything new, should have got in early doors.
I still buy small amounts of the cheapest crypto currency and I intend hanging on to it for a few years..I live in hope
What do you mean by the 'cheapest' crypto currency? They aren't directly comparable.
By ‘cheapest’ I don’t mean Bitcoin or Ethereum..more
like ‘cheapest’ as cheaper than them "
Not all crypto is the same. If you look at the price of a car compared to the price a banana, the banana will be cheaper. But they are completely different and saying one is cheaper than the other is meaningless. That is the same with all these different cryptos. They are all different technologies that do different things. |
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It’s the same as dealing with shares, do your research, know the risks (in share buying its basically the companies fundamentals) and buy at the right price.
Currently several government especially China are looking at crypto currencies and deciding what to do with it. For all we know they could embrace one like ETH and then the price would sky rocket or the opposite and ban it all together and it would crash.
There’s no real experts in crypto, if you look into the history of Bitcoin you’ll see it’s volatility and those who held during the crashes of the past made significant gains on their investments. However that’s no guarantee this time by holding you’ll repeat history.
My advice is to take profit when you can, so eventually you’re just trading with your gains.
Good luck with whatever you do  |
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I’m out the crypto market. It’s going for a crash in my limited opinion.
I made a fair bit on Chainlink when a chan board did a pump and dump. Which to me showed how easy it was to manipulate.
Couple the manipulation with Bitcoin now being a dirty word ecologically speaking I won’t dabble again unless I see something special.
Wish I had got in on Bitcoin early doors though. |
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By (user no longer on site)
over a year ago
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I trade but not crypto, I’m afraid.
Mentality: be prepared to cut loss and take profit. Don’t get greedy. Discipline, discipline, discipline.
Be very careful and good luck.  |
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"I’m out the crypto market. It’s going for a crash in my limited opinion.
I made a fair bit on Chainlink when a chan board did a pump and dump. Which to me showed how easy it was to manipulate.
Couple the manipulation with Bitcoin now being a dirty word ecologically speaking I won’t dabble again unless I see something special.
Wish I had got in on Bitcoin early doors though. "
TEL is something special you should look in to  |
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By *ack4NinaCouple
over a year ago
Carmarthen |
"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino. "
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
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"Also remember when using coinbase ect your not physically buying crypto just shares within crypto which is a major misconception.
Be carefull. "
When you buy crypto on coinbase, it’s real crypto which you can remove off the platform, so this isn’t true. If you buy on Revolut or some other platforms, you can’t actually do anything with the crypto so you could argue that it’s not real crypto. |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino. "
Lol 3 to 4% is no big deal in crypto |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
"
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble. |
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"Are there any other traders in here? I'm just starting out, any tips or good people to follow, let me know! Thanks!
Ps. I'm asking on here cos you guys are the nicest "
The best advice for someone thinking of trading crypto is buy bitcoin and hold it for the next 5 years in that time do research and more research and when your done do some more research and when the 5 years is up you should already be in profit and have money to play with with a basic knowledge of trading good luck buy low sell high or just hodle thems the rules  |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
"
Oh and there are no "fundamentals" in crypto. There are technicals yes, but no fundamentals. |
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"Buy BTC & HODL "
Or if you just want to earn interest you can use a stable coin pinned to the dollar or gold and get fantastic interest rates or suply liquidity to a market and earn dividends trading is high risk and takes years to learn and a hint of luck |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble. "
Realising profit is one of the hardest things to do as it challenges our natural instinct for always wanting more. |
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By (user no longer on site)
over a year ago
|
"Are there any other traders in here? I'm just starting out, any tips or good people to follow, let me know! Thanks!
Ps. I'm asking on here cos you guys are the nicest "
I'm currently holding XRP at the moment I'm in for the long run. |
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By *ack4NinaCouple
over a year ago
Carmarthen |
"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Oh and there are no "fundamentals" in crypto. There are technicals yes, but no fundamentals. "
That’s funny!
Now you are demonstrating with enormous clarity that you do not know what you are posting about. Do you actually know what the crypto space is about?
|
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Oh and there are no "fundamentals" in crypto. There are technicals yes, but no fundamentals.
That’s funny!
Now you are demonstrating with enormous clarity that you do not know what you are posting about. Do you actually know what the crypto space is about?
"
Yep, I talk to top people about this sort of thing. |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Oh and there are no "fundamentals" in crypto. There are technicals yes, but no fundamentals.
That’s funny!
Now you are demonstrating with enormous clarity that you do not know what you are posting about. Do you actually know what the crypto space is about?
Yep, I talk to top people about this sort of thing. "
There are fundamentals though: smart contracts, defi, hash rate, payments, staking, etc. It’s not all speculation and technical analysis trading. |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Oh and there are no "fundamentals" in crypto. There are technicals yes, but no fundamentals.
That’s funny!
Now you are demonstrating with enormous clarity that you do not know what you are posting about. Do you actually know what the crypto space is about?
Yep, I talk to top people about this sort of thing.
There are fundamentals though: smart contracts, defi, hash rate, payments, staking, etc. It’s not all speculation and technical analysis trading."
The only minor fundamentals there are all trend down, eg payments - fewer retail transactions now use crypto than 8 years ago.
A quarter of all bitcoins in 'circulation' have been lost or stolen. Its Uninsurable.
Unfortunately as it crashes it will probably take a chunk of the rest of the world economy with it. |
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By *ack4NinaCouple
over a year ago
Carmarthen |
"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble. "
Replying to these the wrong way around . So, firstly apologies de clarity/understanding.
However. I still feel that you are missing the point. Most traders speculate it’s just some or rather a few do it with more precision that most and thus with R/R in their favour. And in turns profits. Then there’s investing and not being bothered about Daily SPs . For me some Crypto is tradeable and some just buy and hold. We’re heading into the Exponential Age.
The thing with crypto and in particular Blockchain its a game changer. This is what governments and bankers don’t like. This because of many factors but the ones that stand out are loss of control over FIAT currency. So the £ or the $ for that matter. FIAT means forced! Which in turn means you are forced to use it. Yet it’s value is set by the government and bankers as they print more of it. So what you earn today should buy the same products and services in the future right? It won’t and that’s because of debasement ! You probably call it inflation and most likely expect it. Money printing. More money in supply means it’s worth less and if it’s worth less then the products and services it can buy will rise In cost. Some things hedge against that . PMs with AU being a good example but going forward CU and AG will do well. Crypto will also do well . This is because it’s not funny money like that in your pocket. It’s , in the case of BTC limited and finite in supply unlike the £.
So what’s all that about. Well, it’s a rebuild !!! For example Financial systems and public records of ownership will all end up on the blockchain. Think, no more market maker manipulation as order books on the blockchain. Think about all the application that can, and will and are being built now. Yes some will fail but some will be hugely successful. Look at dfinity iCP or Orion or many other amazing platform and /service providers etc. They ALL solve problems, provide a service and all have Fundamentals.
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Oh and there are no "fundamentals" in crypto. There are technicals yes, but no fundamentals.
That’s funny!
Now you are demonstrating with enormous clarity that you do not know what you are posting about. Do you actually know what the crypto space is about?
Yep, I talk to top people about this sort of thing.
There are fundamentals though: smart contracts, defi, hash rate, payments, staking, etc. It’s not all speculation and technical analysis trading.
The only minor fundamentals there are all trend down, eg payments - fewer retail transactions now use crypto than 8 years ago.
A quarter of all bitcoins in 'circulation' have been lost or stolen. Its Uninsurable.
Unfortunately as it crashes it will probably take a chunk of the rest of the world economy with it. "
Think you’re talking to the wrong people.
Lost coins wouldn’t be in circulation, for a start. And that statistic is made up, because you can’t tell if people lost their keys or are they just holding for years. |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble.
Replying to these the wrong way around . So, firstly apologies de clarity/understanding.
However. I still feel that you are missing the point. Most traders speculate it’s just some or rather a few do it with more precision that most and thus with R/R in their favour. And in turns profits. Then there’s investing and not being bothered about Daily SPs . For me some Crypto is tradeable and some just buy and hold. We’re heading into the Exponential Age.
The thing with crypto and in particular Blockchain its a game changer. This is what governments and bankers don’t like. This because of many factors but the ones that stand out are loss of control over FIAT currency. So the £ or the $ for that matter. FIAT means forced! Which in turn means you are forced to use it. Yet it’s value is set by the government and bankers as they print more of it. So what you earn today should buy the same products and services in the future right? It won’t and that’s because of debasement ! You probably call it inflation and most likely expect it. Money printing. More money in supply means it’s worth less and if it’s worth less then the products and services it can buy will rise In cost. Some things hedge against that . PMs with AU being a good example but going forward CU and AG will do well. Crypto will also do well . This is because it’s not funny money like that in your pocket. It’s , in the case of BTC limited and finite in supply unlike the £.
So what’s all that about. Well, it’s a rebuild !!! For example Financial systems and public records of ownership will all end up on the blockchain. Think, no more market maker manipulation as order books on the blockchain. Think about all the application that can, and will and are being built now. Yes some will fail but some will be hugely successful. Look at dfinity iCP or Orion or many other amazing platform and /service providers etc. They ALL solve problems, provide a service and all have Fundamentals.
"
Thankyou for taking the time to write that, however...
If that's true, why have the number of retail transactions decreased over the past 8 years? Why is it not being used? |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Oh and there are no "fundamentals" in crypto. There are technicals yes, but no fundamentals.
That’s funny!
Now you are demonstrating with enormous clarity that you do not know what you are posting about. Do you actually know what the crypto space is about?
Yep, I talk to top people about this sort of thing.
There are fundamentals though: smart contracts, defi, hash rate, payments, staking, etc. It’s not all speculation and technical analysis trading.
The only minor fundamentals there are all trend down, eg payments - fewer retail transactions now use crypto than 8 years ago.
A quarter of all bitcoins in 'circulation' have been lost or stolen. Its Uninsurable.
Unfortunately as it crashes it will probably take a chunk of the rest of the world economy with it.
Think you’re talking to the wrong people.
Lost coins wouldn’t be in circulation, for a start. And that statistic is made up, because you can’t tell if people lost their keys or are they just holding for years."
It is absolutely known how many were stolen at Mt Gox and other thefts. It is estimated with a fair degree of knowledge how many keys have been lost, how many hard drives have crashed etc.
I use the term "circulation" as it's more meaningful than "issued". |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble.
Replying to these the wrong way around . So, firstly apologies de clarity/understanding.
However. I still feel that you are missing the point. Most traders speculate it’s just some or rather a few do it with more precision that most and thus with R/R in their favour. And in turns profits. Then there’s investing and not being bothered about Daily SPs . For me some Crypto is tradeable and some just buy and hold. We’re heading into the Exponential Age.
The thing with crypto and in particular Blockchain its a game changer. This is what governments and bankers don’t like. This because of many factors but the ones that stand out are loss of control over FIAT currency. So the £ or the $ for that matter. FIAT means forced! Which in turn means you are forced to use it. Yet it’s value is set by the government and bankers as they print more of it. So what you earn today should buy the same products and services in the future right? It won’t and that’s because of debasement ! You probably call it inflation and most likely expect it. Money printing. More money in supply means it’s worth less and if it’s worth less then the products and services it can buy will rise In cost. Some things hedge against that . PMs with AU being a good example but going forward CU and AG will do well. Crypto will also do well . This is because it’s not funny money like that in your pocket. It’s , in the case of BTC limited and finite in supply unlike the £.
So what’s all that about. Well, it’s a rebuild !!! For example Financial systems and public records of ownership will all end up on the blockchain. Think, no more market maker manipulation as order books on the blockchain. Think about all the application that can, and will and are being built now. Yes some will fail but some will be hugely successful. Look at dfinity iCP or Orion or many other amazing platform and /service providers etc. They ALL solve problems, provide a service and all have Fundamentals.
Thankyou for taking the time to write that, however...
If that's true, why have the number of retail transactions decreased over the past 8 years? Why is it not being used? "
You’d be a fool to spend your crypto on retail when it has gone up so much. Retail transactions is one use case for crypto, but it’s not high on the list of important use cases. |
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By *ack4NinaCouple
over a year ago
Carmarthen |
"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble.
Replying to these the wrong way around . So, firstly apologies de clarity/understanding.
However. I still feel that you are missing the point. Most traders speculate it’s just some or rather a few do it with more precision that most and thus with R/R in their favour. And in turns profits. Then there’s investing and not being bothered about Daily SPs . For me some Crypto is tradeable and some just buy and hold. We’re heading into the Exponential Age.
The thing with crypto and in particular Blockchain its a game changer. This is what governments and bankers don’t like. This because of many factors but the ones that stand out are loss of control over FIAT currency. So the £ or the $ for that matter. FIAT means forced! Which in turn means you are forced to use it. Yet it’s value is set by the government and bankers as they print more of it. So what you earn today should buy the same products and services in the future right? It won’t and that’s because of debasement ! You probably call it inflation and most likely expect it. Money printing. More money in supply means it’s worth less and if it’s worth less then the products and services it can buy will rise In cost. Some things hedge against that . PMs with AU being a good example but going forward CU and AG will do well. Crypto will also do well . This is because it’s not funny money like that in your pocket. It’s , in the case of BTC limited and finite in supply unlike the £.
So what’s all that about. Well, it’s a rebuild !!! For example Financial systems and public records of ownership will all end up on the blockchain. Think, no more market maker manipulation as order books on the blockchain. Think about all the application that can, and will and are being built now. Yes some will fail but some will be hugely successful. Look at dfinity iCP or Orion or many other amazing platform and /service providers etc. They ALL solve problems, provide a service and all have Fundamentals.
Thankyou for taking the time to write that, however...
If that's true, why have the number of retail transactions decreased over the past 8 years? Why is it not being used? "
Julia , I’m not going to argue or continue the conversation as it’s unequal. I just don’t think you know much about the space and are in fact just trolling. Plus we’re in the last hours trading LSE and I need to be on it. Good luck anyway.
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By *ack4NinaCouple
over a year ago
Carmarthen |
"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble.
Replying to these the wrong way around . So, firstly apologies de clarity/understanding.
However. I still feel that you are missing the point. Most traders speculate it’s just some or rather a few do it with more precision that most and thus with R/R in their favour. And in turns profits. Then there’s investing and not being bothered about Daily SPs . For me some Crypto is tradeable and some just buy and hold. We’re heading into the Exponential Age.
The thing with crypto and in particular Blockchain its a game changer. This is what governments and bankers don’t like. This because of many factors but the ones that stand out are loss of control over FIAT currency. So the £ or the $ for that matter. FIAT means forced! Which in turn means you are forced to use it. Yet it’s value is set by the government and bankers as they print more of it. So what you earn today should buy the same products and services in the future right? It won’t and that’s because of debasement ! You probably call it inflation and most likely expect it. Money printing. More money in supply means it’s worth less and if it’s worth less then the products and services it can buy will rise In cost. Some things hedge against that . PMs with AU being a good example but going forward CU and AG will do well. Crypto will also do well . This is because it’s not funny money like that in your pocket. It’s , in the case of BTC limited and finite in supply unlike the £.
So what’s all that about. Well, it’s a rebuild !!! For example Financial systems and public records of ownership will all end up on the blockchain. Think, no more market maker manipulation as order books on the blockchain. Think about all the application that can, and will and are being built now. Yes some will fail but some will be hugely successful. Look at dfinity iCP or Orion or many other amazing platform and /service providers etc. They ALL solve problems, provide a service and all have Fundamentals.
Thankyou for taking the time to write that, however...
If that's true, why have the number of retail transactions decreased over the past 8 years? Why is it not being used?
You’d be a fool to spend your crypto on retail when it has gone up so much. Retail transactions is one use case for crypto, but it’s not high on the list of important use cases."
I’m staying away from FIAT. |
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"Well there was an “expert” posted his recommendations on here at 8am yesterday and by midday they’d all lost between 3 and 4% (check my posts).
Absolute casino.
Assuming they all showed you their accounts ?
You only loose if you sell at a loss. Did they sell or is their position negative by 4% ?
I am an investor and FT markets trader. Equities, PMs, FX and crypto. If someone takes the time, does the research and understand both the fundamentals and technicals then being 4% down in a trade is not unusual. It’s all about R/R, being unemotional and decisive.
Not disputing that, but one particularly obvious problem with crypto is because it is all a notional value, none of it can be priced accurately, hence the speculation. Which then means generally people don't sell it because there's no way to know if its a good price or not.
Unless someone publishes accounts to prove otherwise, I conclude that everyone who has claimed to make money on crypto is still holding the bag for the long term. They may have a paper profit if they've been holding a few years, but 99% of folk are gonna get wiped out as in every other bubble.
Replying to these the wrong way around . So, firstly apologies de clarity/understanding.
However. I still feel that you are missing the point. Most traders speculate it’s just some or rather a few do it with more precision that most and thus with R/R in their favour. And in turns profits. Then there’s investing and not being bothered about Daily SPs . For me some Crypto is tradeable and some just buy and hold. We’re heading into the Exponential Age.
The thing with crypto and in particular Blockchain its a game changer. This is what governments and bankers don’t like. This because of many factors but the ones that stand out are loss of control over FIAT currency. So the £ or the $ for that matter. FIAT means forced! Which in turn means you are forced to use it. Yet it’s value is set by the government and bankers as they print more of it. So what you earn today should buy the same products and services in the future right? It won’t and that’s because of debasement ! You probably call it inflation and most likely expect it. Money printing. More money in supply means it’s worth less and if it’s worth less then the products and services it can buy will rise In cost. Some things hedge against that . PMs with AU being a good example but going forward CU and AG will do well. Crypto will also do well . This is because it’s not funny money like that in your pocket. It’s , in the case of BTC limited and finite in supply unlike the £.
So what’s all that about. Well, it’s a rebuild !!! For example Financial systems and public records of ownership will all end up on the blockchain. Think, no more market maker manipulation as order books on the blockchain. Think about all the application that can, and will and are being built now. Yes some will fail but some will be hugely successful. Look at dfinity iCP or Orion or many other amazing platform and /service providers etc. They ALL solve problems, provide a service and all have Fundamentals.
Thankyou for taking the time to write that, however...
If that's true, why have the number of retail transactions decreased over the past 8 years? Why is it not being used?
Julia , I’m not going to argue or continue the conversation as it’s unequal. I just don’t think you know much about the space and are in fact just trolling. Plus we’re in the last hours trading LSE and I need to be on it. Good luck anyway.
"
Not at all, I'm just pulling back the curtain.
Unequal conversation just lol that's pretty funny I grant you. |
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I think crypto currency is here to stay. Its much safer than centralised banking and you can be in control of your own money. I think the people who think it's just a fad haven't done the research or don't know what it is about. Trading is completely about being consistent and taking the edge and calculated risk reward strategie fine tuned to each cycle. Trading is a zero sum game there's a reason 90 percent of people fail. Xx |
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Xrp, EOS are going to run hard soon probably $10-$12 xrp and $90 EOS. Then bear market. Pick up some more crypto after 70-80% retrace but this time only fundamentally sound crypto like xrp, HBar, Algo, XDC, etc as regulations could be in soon. |
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By (user no longer on site)
over a year ago
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I trade mainly in shares but on the last dip in crypto I decided I needed to get in there and buy some. I currently hold
XRP
BITCOIN
ETHEREUM
VECHAIN
CAKE
NU
And the end of the day don’t invest more than you can afford to lose and sets targets for profits taking DON’T get greedy |
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I have made more profit by farming coins on Pancakeswap. Then ever did on trading. Anything Ethereum based I also play apps via wombat to earn. I started with with £20 worth of EOS. Now 6 months later have £400+. |
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ethereum looking good if China do decide to use it for their cryptocurrency 
I don't trade but makes me feel sick... I mined a bitcoin back in the early days but the computer that had it on was thrown by the ex before I could pick it up