Is FX Trading on the way out for Cryptos? - Page 2
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Thread: Is FX Trading on the way out for Cryptos?

  1. #11
    Quote Originally Posted by ;
    HeyforexintuitiveMembers, Here's a question I have been hearing a lot lately. Are FX traders going away from FX and looking to Cryptos? Cryptos possess all the hype these days and oh boy have some mad volatility. I personally have retained my FX trading going strong while dabbing in a little Cryptos and ICO's. Would be interested to hear exactly what you and your trading classes ideas on this. I personally have retained my FX trading going strong while dabbing in a little Cryptos and ICO's.
    Simple answer is no.

    If anything more individuals will move away from trading gold and begin playing crypto.

    Me personally I could never work out gold so no possibility of me enjoying crypto but best of luck to those who do

  2. #12

  3. #13
    Quote Originally Posted by ;
    Cryptos are the new Binary Options
    A great opportunity for Professionals offering signals by the way

  4. #14
    Quote Originally Posted by ;
    quote A excellent opportunity for gurus offering signs by the way
    Really, this is what it is all about.
    Gurus and all, are constantly seeking to offer new products to the herd that is gullible.

  5. #15
    Quote Originally Posted by ;
    quote Yes! Penny inventory egy is good way to describe how I transaction. ( I trade penny stocks too they are super fun ) I apply this egy in my standard day to day fx trading. I am not much into diversifiion. Instead I prefer the hit and run egy hoping to ride the latest trends. Or when possible - to market short as soon as the mania is over. Everything comes down to the ability to comprehend the current condition of every bubble. This way you can make the most of this audience. To a large stretch you have to be contrarian to triumph...
    Hmmm, now I can not unsee the pump and dump cycles going on in charts. I will attempt to measure it in to waves I guess. They usually look like an S form. Thanks for the response )

  6. #16
    Quote Originally Posted by ;
    Cryptos Would Be the new Binary Options
    Not exactly.

    Binary options are simply a online gaming game with predetermined odds against the player.

    Cryptos (blockchain) is new technology that's a real game changer in the world of finance, and contracts.

    What most individuals do not know is that, the coins of today are not the coins of the tomorrow. What we see right now is just the early phase of a very large trend (bubble?) . Most likely 99% of the coins today will disappear in the future.

    The leaders in this business don't exist yet.

    How many of you remember the tech bubble in the calendar year 1999?

    How many of those super innovative web companies still exist today?

    Only a few. This is the situation with blockchain today. There will be lots of MANY new coins. And some of those coins will become the actual leaders. They'll surpass everything we see today.

    My prediction is that in the long run, all businesses will issue their own coin. And these coins will serve double function. They'll be like stocks and currency in the exact same time.
    If you would like to shop in particular chain store you'll have to buy their coin .

  7. #17
    Quote Originally Posted by ;
    quote Not exactly. Binary options are simply a online gambling game with predetermined chances against the player. Cryptos (blockchain) is new technology that's a real game changer in the world of finance, and contracts. What most people do not know is that, the coins of now are not the coins of tomorrow. What we see now is only the early phase of a rather large tendency (bubble?) . Most probably 99 percent of those coins now will disappear later on. The actual leaders in this industry do not exist. How many of you recall the tech bubble...
    if you would like to store in particular chain store you'll have to buy their money first....and what are you going to use to buy their coins....euros? dollars? So far as I am worried until my wages and my loans have been paid in crypto's then that is all hysteria that'll die a natural death. Only takes time

  8. #18
    Alphaomega this is surely an interesting dialog on FX versus Cryptos. How do you let me in on your cryptos insights? I'm down and looking for the method to go up. I feel that more years of cryptos is time enough for it to be taken or considered seriously. Please, let me continue some tips if you're able to. I truly admire your guts.

  9. #19
    Quote Originally Posted by ;
    quote Not Precisely. Binary options are only a online gaming game with predetermined chances against the participant. Cryptos (blockchain) is new technology which is really a game changer in the realm of finance, and contracts. What most people do not understand is thatthe coins of now aren't the coins of the tomorrow. What we see right now is only the early phase of a rather large tendency (bubble?) . Most likely 99% of the coins now will disappear later on. The actual leaders in this business don't exist yet. How many of you remember the tech bubble...
    Interesting view there on every firm offering their particular coin. I believe this tendency is exciting now with the new money pouring into Crypto and businesses able to raise money on nothing other than an idea/whitepaper.

    I believe there will be a crash and it'll hurt for a lot of people however that is where the leaders at blockchain will emerge. The companies/coins which have been able to deliver what they've promised. Everything will end up worthless.

    I believe that there will need to be some sort of universal coin/s as needing to buy a coin for every company sounds a bit of a leap for the normal consumer.

    Coins may become the future stocks of firms with smart contracts paying out losses however this will likely become less exciting when regulation kicks in and people believe, well what was wrong with the stock market??

    There's a tide now and it is a thrilling ride, just make sure that you know when to jump off your board or you'll be whitewashed.

    All IMO of course.

    Upgraded thoughts on the above topic:

    That being said, I do not believe the Foreign Exchange business is dead. There's familiarity in it that people enjoy, regulation, more predictable volatility etc.. The professionals will stick around and continue being consistent with their trading and profits, the people that think they are going to make 100% daily profits on Foreign Exchange will proceed to crypto and will lose money irrespective of where they trade.

  10. #20
    Quote Originally Posted by ;
    quote Interesting perspective there on each company offering their own coin. I believe this trend is exciting now with the new money pouring into Crypto and businesses able to increase money on nothing aside from an idea/whitepaper. I believe there will be a crash and it will hurt for a lot of people however that's where the leaders in blockchain will emerge. The companies/coins which have been able to deliver what they have promised. Everything else will become worthless. I think that there will need to be some type of universal coin/s as needing to buy...
    Yes, I agree with you.

    Right now the whole crypto trend is based on high expectations concerning the bright future of the blockchain technology.
    But, I believe that in the long run (3-5 years) even more advanced and more effective technologies will begin to emerge. They'll surpass blockchain.

    So that it's important to grab the trend and also to get in, but it's even more important to recognize when to get out.
    That's why I said in the previous articles that my approach is run and hit. I get in, I make profit, I get out. Simple.

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