psiman
Junior Member
Posts: 54
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Bitcoin
Nov 1, 2017 19:02:42 GMT -8
Post by psiman on Nov 1, 2017 19:02:42 GMT -8
Correct me if I'm wrong, but why hasn't there been any kind of bitcoin group formed amongst the APP people? Yes, I'm just as guilty. I'm a newb in viewing, so I'm not so confident managing/judging such ... Cryptocurrency is easier to trade than FOREX. Much more potential profit than lottery, stocks, forex, sports, horses, etc. The past year it has exploded. It's gone past 6K, .. approaching 7K. I remember buying them at $25 a piece obviously not knowing what would truly happen. If we are ALLLL about the future, then we should harness digital currency. It's the greatest thing since the email.
Email did to the post office ...
Amazon did to the retail market (inc walmart) in which saved the post office in return ...
Bitcoin is and will be doing to corrupt fiat currencies and banks. In fact, healthcare is benefiting from digital blockchain's security. Also, such technology will do away with centralized companies like equifax, etc.
Do ya see a trend here? Technology ...
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Bitcoin
Nov 5, 2017 14:45:46 GMT -8
Post by Jon K on Nov 5, 2017 14:45:46 GMT -8
Hi,
I finally got interested in cryptocurrency, the blockchain, etc. and have been exploring it, and buying a little. I didn't pay proper attention about 18 months ago.
I've dialoged with four or five people in APP who are interested and/or buying/trading, but from what I can gather it does not appear...a group wants to form. But one person in particular has been very very helpful in learning how to navigate this field.
I find it actually was a lot harder to get set up to buy and exchange than to do Forex. And I'm not fully there yet re wallets, exchanges, coins, etc.
I've also been looking into what the potential of blockchain is. For example, will it be subsumed by the present dominant economic system? Does it represent a new form of commodity and service exchange that will eventually uproot and replace our present system? Will countries large or small go against the dominant order and launch their own coins and blockchains? Will the US, China and others governments in combination with their banking institutions coopt, crush or exist alongside the mushrooming cryptocoin and blockchain communities? It's the Wild NESW on Planet Earth.
Jon
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Igor
New Member
Posts: 5
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Bitcoin
Nov 7, 2017 10:45:07 GMT -8
Post by Igor on Nov 7, 2017 10:45:07 GMT -8
In terms of trading - executing trades.. it is the same (easy) whatever you trade (FX, crypto, stock, commodity, gold CFD) because it just placing a market order (buy/sell).
FX is easier to open & manage your account. With crypto there are wallets, exchanges + paying too high fees IFAIK vs FX fees. For instance, with most FX brokers no deposit fee, very low withdraw fee. Plus the additional risk of keeping coins on exchange if you are daily trader. In the past coin exchanges were hacked. You can of course keep 'em in wallet, but AFAIK each time you pay a fee when moving exchange <-> wallet. And with FX, all is on your account from where you trade.
Regarding RVing / ARVing cryptos vs Forex:
a) If you do binary ARV with 1:1 risk to reward trade setup meaning Take Profit = Stop Loss then it does not matter what your 'wagering vehicle' is. One should use the market with lowest fees/commisions. For me personally, for this purpuse I will always choose FX.
b) If one uses RV to find out general direction of a coin market or a specific currency pair, then yes, coins can provide much higher profits as coinmarket is more volatile and currently rising high (BTC). But, if your prediction is wrong you still got to use Stop Loss orders and if one 'plays' with this without proper money management and without TP/SL strategy and you find yourself in a period with poor RV predictions then you can get in trouble.
For coins I think is best to try to use RV to identify several coins which will/can raise in the future, then buy them and stick to them (months, even years).
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