Bitcoin Forum

I started trading forex in the year 2000, at that time online trading platform was newly introduced to traders.
Most stock traders migrated to forex market due to high volatility and high leverage up to (400:1) traders was distracted by news, signals, robots, social trading etc....
Most if not all traders i used to know lost all their investments in this market. Governments was fighting forex and in some countries they started to close forex accounts.
Any way i noticed that most of traders are seeking fast profits not based on knowledge but it depends on luck.
Now what? Most traders are losing money and the governments are fighting forex so what?
How the banks mafia will attract new traders to the market to drain all their funds???
Humans are greedy by nature and banks used this to attract new naive traders so they started option trading but also didn't hit the target. Until they came up with the idea of DECENTRALIZED CURRENCY which is very convincing to traders, actually is not decentralized at all for instance BITMAIN TEC the company that produce ASIC miners is controlling the market and many other things i will mention later in separate post.
The crypto market now is having more than 2000 coins, BTC dominance almost 70%. we have POS coins POW coins and we see coins changing protocols doing forks and swaps a lot of Asic miners (DASH LITECOIN ETC...) this what i call market distraction.
CONCLUSION:
The conclusion is the crypto market is cloned from forex market which is high profitable market because of its leverage although crypto is 1:1 but the spikes that happened in the past was the reason which made crypto gain the fame.
I think that the bubble already burst and we will never see those spikes again the market will be moving sideways till those 2000 coins become not more than 100 coins, after that we can see thing moving. The strong justification to my theory is... Most of big forex brokers in the market now are trading and accepting crypto.
I know it might be frustrating but this is my view and time will tell.
If u like it please comment.
BTC ADDRESS 1C7Q75Stufzw7uFdvsQ3g1DTn4w7dXe4TX

In my opinion, for trading Forex is more better. way more technical and fundamental. Forex markets are way more mature and have much more data to back-test so If you know technical analysis sure go for Forex. technical analysis works much better here than in Cryptocurrencies because crypto market is much more emotion driven. Further, Cryptocurrencies are as of now still too unregulated, so the risk is a lot higher. All it takes is a lot of countries outlawing it and you'll be left with nothing. you don't have the same risk when it comes to Forex.

Both are good but you've got to make a decision which one you favor to try counting on what you wish, your thoughts, and your experience, it depends on what you'll do or do. But in both cases there are several advantages and drawbacks which will be both good or bad, everything depends on you.

Looks like you are in your own bubble of thinking. Bitcoin is not clone from forex or not introduced by banks. It was created to revolutionize the financial market however banks and other institution that are involved with forex are now using cryptocurrency as tool to make more money by fooling others.

You have bitcoin address for donation with all the negative comment on cryptocurrency?😁😁

I have been trading forex for a long time, but there has never been news of the government fighting forex, from the beginning until now forex is still operating in my area, forex is not the same as crypto because forex prices are still controlled by the government, I don't really like leverage because that is what usually becomes a boomerang for traders, so I moved to crypto trading, but now many exchanges have begun to adopt the forex system by providing leverage trading, in terms of analysis I prefer forex because the price is easier to predict.

Lately I had read news on how cryptos market being manipulated by the "whales" of course this would have impact on traders due to high volatility thus defies technical analysis resulting to losses meanwhile forex trading has a stable volatility and most in cases in line with both technical and fundamental analysis.

Yes, I do agree that there are many forex traders who have entered into crypto. I analysed this in trading view. There were many traders whom I had visited and spoken to in Trading view who back then said we only deal with forex now their profile on Trading view started showing that they even started Crypto and the percent of the crypto is more than the percent of forex chart they publish. Now when I revisited and spoke to them they said 'they have started crypto as well'

The major reason they shared was they traders and are not much into technology. The they here about crypto randomly scared them like

• Exchange getting hacked
• If you lose private key funds gone for ever
• Transaction are irreversible
• Every coin has different address and sending coin you different are very difficult to recover
• Malware attacks bla bla bla.

After all this discussion what I felt personally was it just took time for adopting this technology. As and when people are reading and getting aware or getting exposed the big investor and adopters are flowing in. This is my understanding. Rest is open to all and depends on individual opinion.

Well I disagree.

Trading cryptocurrency is much more better than trading fiat currency, why, it is because the fiat currency is much harder to predict or even if you predicted it right, the profits you could make is smaller than what you could make if you hit the right spot when Trading in cryptocurrency because of its volatility that could be either a blessing to someone or not, it depends actually on someone's intellect.

Governments don't "fight forex", but they do manipulate things like interest rates, QE and so on to manipulate the price of their currencies.

One of the most famous is the Swiss National Bank, which printed Swiss francs and then sold them against the dollar and euro, in order to weaken the franc. They then parked that money in bonds and stocks.

The created so many francs (which then got sold for dollars), that those dollars then purchased $87bn of US stock. Here is the Swiss National Bank's own statement about this:

https://snbchf.com/2018/08/durden-swiss-national-bank-owns-87-5-billion-stocks-after-q2-tech-spree/

If you were trading the Swiss franc against the dollar in 2012 and you didn't know this was going on (it only came out in 2016 when the SEC made them declare their American holdings), you would have been taken to the cleaners.

By contrast govts don't really intervene in the cryptocurrency markets because they're too small and insignificant.

Actually i do able to finish to read up the entire long post due to forex topic. What the heck is that government fight forex? I just dont get it on what you mean.

I dont see for crypto do mimic out forex yet it do build its own reputation due to decentralization and more volatile. Manipulation is somewhat common but not as severe with forex and stocks where news or fundamentals do really affect much the movement.

Laslty, i do really hate when someone post up something then having an address in the end. Question in mind. - - for what?

Well yea I'd suppose most would consider Forex with its developed market and community, but as you said, traders are trading for the profit, and BTC provided it when it appeared, or at least, a few years after it did anyway. Still, you can freely trade within Forex and Crypto just that, it may take up more of your time and analysis may become a pain since your studying different markets altogether.
As for government fighting Forex, haven't heard of it before. Manipulation, yes I've heard of news about it in the passing, but directly head butting with the market? Nope.

Forex business has been dominated by biggest whales who take control with the system. Traders won't earn better and sustainable profit due to their strategic approach, which eventually blasted off trader's asset when it's not gaining at perfect price. However, you can't determine which specific value might pursue a strong momentum.

It might be a major reason to be considered. We have a lot of big whales in the crypto markets who have accumulated at some approx entry points and who can really manipulate the markets by creating false bull traps or bear traps which does include a lot of new traders and who loses their funds into such traps.

Big whales are the ones who hold majority of the portion and who can easily place huge buy/sell orders which itself would create a bull/bear trap and many peoples following the trend will land up in loses. Which in comparison with the forex markets can rarely be seem. They have comparatively stable markets which actually make them understanding the graphs and the price fluctuations much easier.

Forex with crypto market has same situation, a lot of whales create bait to collect other trader fund and if they fail monopoly will become next step. Forex and crypto already become business and there's no honest there, you should prepare for the worst.In general situation to avoid bigger lost we can use long term period strategy with small amount we have, set stop loss and let the movement begin. We can't face whales but god money management and patient will create profit, others strategy I can't say nothing.

I do like how you look at things but there is still a big difference for me.
I use to trade forex before and it is really frustrating since I didn't make something out of it.
I really like doing things my way. Self taught.

Here, it had been easier, I don't need a someone to teach me how to do things.
Stepped on the trading website on Voila! I already understood things.

I think it was at IDEX which I really learned a lot but that was way back with altcoins soaring.
But as time flies you learn to adapt with new things.

I don't really get how people could "lose all their money", I mean sure there could be people who lose their money but at the same time someone else earns that money as well in the end. Surely it could be another individual or it could be banks, exchanges, anyone really, money doesn't go out of the system, it is not burning down and thrown to garbage, it is still right there, just held by someone else.

Hopefully, people will realize that before they criticize how the bitcoin or crypto trading ecosystem works, you may end up losing a lot of money when you get here, but that is not bitcoins fault nor it is anyone elses, because while you are losing money someone else is getting richer at the same time which means you could have been the one that gets richer if you picked the right option.

20 years ago the forex brokers accepted the deals with telephones and only few lucky people had access to the buy/sell buttons on the personal computer. Now the situation is different, governments don't have the interest to fight with the traders who provide the main liquidity on the market. Spot forex was introduced by many bucket-shop brokers which don't pass the trader's orders to the global market because of the centralization. Decentralized crypto exchanges don't have interest to make the money from your lost trades, your win is not their loss or vice versa.

I don't think the cryptocurrency market is cloned from the forex market, but I agree with your point that the cryptocurrency market will grow similar to the forex market, many coins will disappear, more stable. But that will be a long way

I think you are in the assumption of the same banks you are talking about controlling fuat currencies are also the one who have developex digital currencies which is really a mistake on your part. Modt digital assets we have seen are controlled and created by independent companies/projects not working for the banks or their governments they simlly are creating cryptocurrencies to be used or invested by their users. Aside from that the firex market is way different compared to the crypto market in terms of volatility as well as the way it is being analyzed they aren't exactly the two things you want to compare with.

I don't know if the address OP attached to his post is his btc address and for what reason that is.
Meanwhile, what I would say to these two markets is simply that one is regulated and the other is not. Regulation helps speculation work more, but in the days people lost huge money in forex which is regulated but now, because of the understanding of TA it is now clearer.

I also remember then in the past, you couldn't do a mobile trading via your mobile phone but now, things have got better.

Yeah, dude. I think it's true, that crypto doesn't mimic forex at all, even though forex is an old trading system but that doesn't mean the new trading system imitates it, there must be something different. If crypto imitates forex, then why would traders go to crypto if it's the same as forex, yeah it's clear that crypto is known for its decentralization. And the crypto market is not regulated like forex, the crypto market is more free.

If they cannot search for knowledge and only depend on luck, they will not make a profit because trading is not based on luck itself. A crypto trader and forex trader need to learn many things in regard to make a profit. But we cannot compare a crypto trader and forex trader because the lesson will be different, and the experience will also be different. But I think crypto trading will not difficult to learn than the forex trading, and in crypto trading, we have much opportunity to make a profit from many coins.

I think some of the forex traders now move into crypto trading because they see that the opportunity to make a profit will be bigger in the crypto trading so they can start to make that profit.

Forex markets are actually easy to understand as making an deep analysis can make us believe the price and also studying the current market affairs can make us able to predict the future demand for the stock which would also derive us the pricing which makes it beneficial for the forex traders.

Crypto markets are a way similar to forex markets but due to their high volatility is makes it a bit difficult to understand the markets. We have to follow a lot of things like following the trend, volume, etc makes it easier to understand the crypto which does not actually impress the stock holders and they yet find trading with cryptocurrencies a bit difficult and inconvenient in comparison with forex markets.

in my opinion, understanding forex is bit simpler than crypto. the volatility alone in crypto is hard to understand for most newbies. with thousand of alts in the market, you can only follow few of them as you have said, you need to follow a lot of things for each and everyone of them so you will not be left behind about what's going on. 24-hour turnaround in crypto is like months in forex especially if you stumbled in a pump and dump coin. but both systems have advantages if you are a trader, just learn how to use their positive sides.

Well, I started with Forex myself and right now I'm trading crypto on binance.
You will need to do real technical analyze and and read the news like wall-street journal. Also the mark won't move that much each day(lower risk than cryto). For example, I remember the the best profit I had on Forex in one day was 14.8% while in crypto trading I had 139% profit in one day and I could even get more (I didn't risk more than this).
So, depends on yourself and how you feel about these two markets. But I chose crypto myself.

Don’t rely too much on TA when trading cryptocurrency because its too volatile and simple news and manipulations the price can go up and down. I tried forex trading its also volatile and I know it is being manipulated too its just that forex are more safe compare to cryptocurrency. Technical analysis still works, but not always in cryptomarket.

crypto is too volatile and its hard to predict it , thats why people look for guides such as t.a to help them predict the price in a smart way   .

 forex is not also volatile but its stable , thats why you said its safer than crypto   .  like predictions  , t.a can sometimes failed so we must not fully depend on it all the time  .

I think the best part of forex is that you remain tension free all the time, as forex don't move like tsunami.
But with risk comes reward. Take risk in crypto and you can earn a lot of profit within few days.
If you have capital would suggest choose both. Invest majority in Forex while remaining in crypto.

No pain no gain.
Exactly, I believe if you take more risk, you will get more reward. Also if people are really sure about the trade positions they won't afraid of the huge movements and if they are not sure they need to do some more research.
And I forgot to say: In Crypto, A whale can change the market and make a huge movement on the chart but on Forex... will there are a few people who can make it more. For example Donald Trump and his tweets usually move the gold market.

Let's take a look what makes it volatile, different speculation. As you may know, crypto is in very young age compared to forex and crypto market is in creating a price cycle. Once the price cycle is generated, I am pretty sure the it will be less volatile cause people might have same basis, source, to speculate.

Crypto is indeed volatile compared to Forex and more stable thus everyone chooses to invest in forex. Crypto is riskier than forex but that what I like about crypto because the more the riskier it is the more profit you'll get. If you prefer to invest in the safest way then probably forex trading is much better for you but if you want more profit then go for Crypto trading. Crypto trading, however, requires a lot of knowledge and experience in order to survive in this kind of market due to the fact that the market is unpredictable and full of surprises, unlike forex.

I understand what you wish to say with that "price cycle", but where it is? Can we say that Bitcoin finished the "price cycle" after 10 years, or we can expect a higher price? There are many unknown variables, but that gives us free space for the endless possibilities, we can hope for million-dollar price for 1 Bitcoin, and we can find enough arguments for that.
I know nothing about forex, I never was interested in that. Cryptocurrencies are what I believe in and like most of the people here I don't wish to change them for forex!

Each of them has different advantages and strategies. Although they are all trading, you need to know the specific methods in order to make money from them. In forex, I believe that trend is the key lead you to success. Trend is always your friend. In the other hand, holding the right coin gives you a great profit over time.
However, they are al risky. Therefore, you need to have a good strategy with a great money management so that you can have consecutive days of profit. If you forget to do this, you can easily suffer a huge loss

All markets are manipulated by whales, but the forex market is less manipulated because this market is highly capitalized compared to the cryptocurrency market. I have also tried trading at forex for a while, but honestly it was a lot harder than the cryptocurrency market, very seldom the technical analysis is accurate

I don’t think they are both the same thing, both of them are different, although they both do share some similar features.
Forex trading has unlimited supply as it consists of world global, whereas cryptocurrency has finite supply, and having a limited supply (example BTC) increases the demand.

Another thing is that Forex trading can be influenced by news, earning reports, announcements, etc. And this makes it easy to use technical analysis in predicting what the price would be. As for cryptocurrency, the story is different , though I have seen a few people predict accurately, it’s mostly a difficult case to predict the future of cryptocurrency.

They are really different aspect, different approach as crypto is more volatile compare to Forex trading, some crypto traders are transferring to forex trading as they find it less risk compare to crypto, same as forex trader, some were switching to crypto trading as they said, higher the risk the higher profit they can have.

Crypto rank one if you ask me
"If you have high goal you need to take high risks." - Leviathan 2020 ;D

That's your own conclusion and view so I'm not against on that.

But for the donation part, there is no tip for making a long post.

On topic, there's no need for debate about "Crypto VS Forex" as they have different market behavior and associated risks. If you found you are comfortable doing Forex or Crypto then continue with your purpose. The most important thing here is managing our money. Whether you do Forex or Crypto, your money is always at risk once you involved here.

Yet, we are still looking at spikes in bitcoin.  ;D
Don't tell $1k is not a spike? Even a hundred is a lot when it is gold which makes that happen. But there will be not much talk about it right?
With bitcoin, a little movement up and it goes wild in every news outlet about financial industry.  ;D

If it is altcoins though which you are talking about, then I might agree. It is a bloodbath out there. Not much of a movement up is happening.

forex or cryptocurrency, all depends on the wishes and tastes of traders,
because both have different market conditions, so we cannot say which is good and which is bad, because both have advantages and disadvantages, and that lies in the decisions and desires of traders.

Crypto currency trading and forex are have their oen advantages and disadvantages like on cryptocurrency trading the msrket flows are too volatile you can make a huge profit by a single move but you can also loss big money if your position was againt the trend.
But no need to compare this two as long as you earn money by doing trafing then this is good for you we all here to make a financial freedom.

I think both are trading only so forex and cryptocurrency is depends on demand. Majority of the peoples are stay in Forex trading because it will occupy entire world but cryptocurrencies newly updated platform so those are know the profit ratio and upcoming prediction they are all buy and hold  the cryptocurrency. You are right, both have advantages and disadvantages so many peoples are think trading is risky platform, But risk make more profit so experts are know the facts.

This hold true in crypto market also. Remember last year Chinese president address on blockchain adoption that took price of bitcoin to approx 12000$ and those who have bought bitcoin earlier in 2019, when it was around 4000 USD were the true beneficiary of that bull run.

I liked your analysis until I got to the end of your post and oh boy! That beggarly last line spoilt it. Why the heck do you want to be tipped? Really? Anyway, back to your post. The way various governments fought the advent of the Forex Trading industry globally is the same way the cryptocurrency industry is being fought now by different governments. But it's obvious that since the Forex industry succeeded, the crypto industry will also survive.

It most likely they are just the same. Traders will suffer losses and profit as well. The only reason why some traders are quite more interested in crypto trading is because of the chance of gaining high profit. But of course, it matters how we manage our trades, crypto's used to trade and also the capital. Its runs usually the same...

Could that really be the case?
Any proof that it is just a clone of the forex trading?

As I see it, crypto trading had been a lot easier for me. Also, the market here is unpredictable, you wont need to look at analysts telling what could happen but you make your own prediction which sometimes suit how the market will flow.
We have our own kind of whatever we will like or what we are comfortable with and I see crypto trading as a better one.

Cryptocurrency market and forex is different. (The real)Cryptocurrency market is not controlled by third party. Forex most likely centralized, there is a price refinement in the market, so prices in the forex market are not real.
Both have advantages and disadvantages.
In the cryptocurrency market, prices are more difficult to predict but the prices are real, the profit obtained are in accordance with the market should be.
In the forex market, prices are easier to predict, with technical analysis is enough to reap the profit, the other analyzes it can be optional, but prices on the forex market are not real.

Actually this is true!
Even there are people can't predict forex because it is volatile than stocks in local, it can be also learned and anticipated. There are also third parties that can make the price manipulated. Cryptocurrency prices are also manipulated by whales but unlike with forex there are times that there are no liquidity at all.

Do you have valid proof that crypto market is clone of forex trading? There are so many difference between crypto and forex. You already added btc addy.do you want donation for this post 😁       

1. Crypto currency and Forex in both volatility is present.
2. It has both positive and negative
3. Both tends to fluctuates cryptocurrency market and
    Forex market.

Forex - Unlimited supply of currencies available to trade.
Cryptocurrency - Infinite supply available, there is a cap on how many Crypto currencies can be created and the value also increases.

In Cryptocurrency in short term we can gain more  profit. 

I had to trade both in forex and cryptocurrency markets. Personally, for myself, I have identified one main difference that greatly affects the manner of trading.
This is volatility. In the crypto market, the entire market is based on the price of bitcoin and most often follows it. Bitcoin, in turn, is an extremely manipulative asset, which creates enormous difficulties in predicting the movement of prices.

I have a friend whose uncle makes his living of forex, basically dude has a huge chunk of money he saved up thanks to his low level forex deals back in the day, by the time dude was 50 he had a seperate forex account aside from his regular job (selling natural herbs etc) so he retired from his first job, had a regular retirement fund that paid him enough to live and just had a separate forex account that he could do whatever he wanted, he could lose all of it and would still be fine, so he dealt with forex on a comfortable level.

In the end he went as high as 250 thousand dollars, which is an INSANE level of money here and dude lost it all in the span of few months as well. Later that year he died of heart attack, we all knew he had too much stress over it and everyone around him tried to comfort him but I guess it didn't helped.

All I am saying is, if you are dealing with either, try to remember this is not end of your life, whatever you lose, doesn't matter how much, doesn't matter how terrible life becomes because of it, please remember that living is better than dying.

Forex or crypto both trading platforms are bigger and well known to everyone nowadays, but Forex is way better than crypto trading! There are many noobs in crypto who just buying coins at a low price and keeps holding without having common knowledge about crypto! But in forex, a mature market with limited options, scams are few there! Expert forex easily can make money from the Crypto, but a crypto trader can't achieve well in forex within a short time!

Forex market is almost stable but Cryptocurrency market is huge volatile this is big difference i think. If you want to comparing, forex is very faithful platform than crypto because it's a stable market and trillions market.

Crypto is unpredictable market here you can rich one day and poor anything can happen very quickly depend on your luck. But we have no chances to rich man overnight in the forex market.