Bitcoin Forum

Forex trading is the indicator on financial system worldwide. USDollar/EURO/GBP/Gold/Silver are the pillars of trading and business worldwide. When you buy, for example US dollar, you show your confidence in US economy. Gold and Silver is universally accepted investment which protects people's wealth during wars, inflation etc.. So investing in forex is investing in a country and not in a company. In stock markets, you invest in a company and 150 of Fortune 500 companies have closed down since year 2006.

Gold is preserve of wealth. After 100 years of industrial revolution, Gold has seen and survived many wars, economic crashes, 9/11 terrorist attacks, economic booms, technology revolutions and more.. There is $10 to $90 worth of Gold in each computer/laptop processor.

Bitcoin future does not look good since it is decentralized and it is trying to eliminate world's most powerful currencies.

What are you saying, that bitcoin isn't a safe investment because it is not supported by anything? What about by people wanting to use it, that's the exact same as the USD, its price is determined by money supply and money demand.

Look at the "big names" is world trade and commerce and Forex. Bitcoin is the small fish that will be eaten.

Forex,also known as foreign exchange,fx or currency trading,is a decentralized global market where all the world's currencies trade. The forex market is the largest,most liquid market in the world with an average daily trading volume exceeding $5 trillion.

I agreed with more or less everything you said up until that last bolded line.   :)

It might be accurate to say that bitcoin isn't attempting to eliminate the world's most powerful currencies but is rather attempting to compete with them and through competition create more stable, reliable, markets. Give consumers more options. And through the utilization of free markets between currencies perhaps lower transaction fees, fairer taxes on funds imported into foreign countries, encourage faster and more reliable transactions.

Of course, one major reaction to bitcoin is global banks beginning to rollout services which offer faster transaction services with lower fees. Already we see the competition introduced by bitcoin having a positive effect upon how banking is done. Perhaps over the long term bitcoin's stability will also incentivize more balanced and responsible spending on the part of states and governments, so that budgets can be maximized in terms of cost effectiveness and efficiency. Cutting waste and bloat from budgets may be one of the most dire dangers facing civilization and society at large.

And so while bitcoin being small and the underdog isn't in a position to wage a war or attempt to eliminate more established and traditional currencies, it doesn't imply that the opposite is not occurring. As we see banks and others attempting to gain regulatory powers or outright bans on crypto worldwide.

What you see as problem or difficulty, I see as higher quality. You are saying that the decentralization of Cryptocurrency would be a problem since investing in it means trusting nobody. Contrary to investing in the dollar where you trust in the US government and to invest in stocks where you trust in the companies.

Investing in BTC means: code is the law. Yes, simple as that. Do not trust anyone, verify.

We are moving into an era where you can be an individual who does not depend on the big institutions and government for everything.

What an empty argument

It may look more profitable, but it is also MUCH MUCH MUCH MORE RISKY. It's not something you're going to want to get into if you can't handle the risk tolerance that comes along with Crypto. This is why people stick to traditional investments, because they can't handle the risk financially and emotionally.

So yeah, don't get into bitcoin and other cryptos if you can't handle the fact that it could all be gone in an instant.

Bitcoin $1 to $10,000 in 9 years, has all the signs of money from thin air. What kind of economics is that ??

Americans are losing jobs to $8,000/month foreign workers (H1-B visas). Bitcoin at $100 looks OK.

He may be saying that and if that is what he is saying he'll soon notice that no stock is backed by anything, it's just backed by the full faith of the company which isn't anything anyway -- most stocks are worth more in stock then the company is worth with all of the assets. So yeah, if the company is liquidated nit everyone can get everything.

Everything is risky, that's how investments work. Bitcoin may be more risky then other investments, though they're all a big risk.

I know stock markets are known as gambling hub/casinos etc..

Supply and demand??? Don't get me wrong, I think it's ridiculous too, but it is what it is. That doesn't take away from its utility, nor from its future potential. It's not taking on fiat either. If you read the white paper, it's not much more than a peer-to-peer electronic cash system that was built as an alternative so that people won't need to pay mediation fees for payment processors.


What does this job stealing argument have to do with Bitcoin? You can't peg Bitcoin's value, a decentralized currency, to one number either, what kind of economics would that be?

And what were those big names before they became big names? They were small fish.


So then what point is it that you are trying to make? That bitcoin will be killed by the US government or by large corporations because it is attempting to compete with them?

forex is the best idea but in forex you need a large amount of money to make some dollars dont tell me trade with leverag cuz all brokers are scammers

All those talks about Bitcoin killing banks, US dollar, gold etc.. and Bitcoin $1 to $10,000 in 9 years. All the signs of giant scam.

I guess you don't care to have a logical discussion and instead just want to make connections from nothing as long as it ends with fudding bitcoin. To clarify, bitcoin was much less than $1 initially, in fact under $0.01. It would not rise so high if it was simply a scam, nor would it last for 9 years. If it does not replace banks or the US dollar it is not because it is a scam, it's just because it didn't reach such heights.

"When you buy, for example US dollar, you show your confidence in US economy."

"Bitcoin future does not look good since it is decentralized and it is trying to eliminate world's most powerful currencies"

Who told you those non-senses?!

99% of FOREX trades are made by speculative reasons and with profit goals. When I'm open a sell order on USD then what? Or JPY/GBP?

For me Forex trading is a Scam. I will never use their services. Cryptocurrency exchanges are much better. If we solve the communication problem within the bitcoin community and bitcoin will be used as a currency we will be able to solve a lot of issues. Monsters of the currency and stock market are United and act as a United front. We need to learn from them to achieve good results.

Bitcoin in no way is attempting to ELIMINATE worlds major currencies at all. Thats a vague accusition. It is an alternate means of money. Its similar to gold and silver. Why would you trust gold? Isnt one gram of gold worth more than 1$? Now would you say gold is trying to eliminate dollor?

These assets and monetary exchanges work side by side without really harming each others. If theres a user new to bitcoin, how do you think they buy it? Obviouly by using their local currency. Now its anyways in governments power to completely allow transactions in digital currencies or not. Bitcoin has really no power over governments. They can ban it in one stroke. Certainly government is getting some kimd of revenue out of bitcoin, thats why it is so successful.

Not sure. I never got to earn money on Forex. I did my best. Perhaps because there were no good teachers.

i think trading in forex is almost similar to trading cryptocurrency. but to analyze i think it will be easier forex, because obviously that affects currency is the economic conditions in a country, unlike cryptocurrency of pure demand and supply

Well forex is centralised investment, it's true that if you invest in forex you kind of helping the country but there are too many rules in forex, I prefer a decentralized investment that out from governments supervision, I want an investment that got limitless rising, and Bitcoin doesn't intended to eliminate any currency, and Bitcoin got no power to do that, both forex and crypto got it's own supporters and advantages

Forex trading is similar to the top most investment strategies. It's basic concept remains same, which means that a trader should buy a currency when the prices are low and should sell when the market get rise. A trader is allowed to buy the currency with another and have rights to exchange his/her starting currency for the one that he/she believes to increase in value. With more than billions of dollars which is worth of currencies are traded globally every day. The foreign exchange market is highly traded in the world that makes a forex trading one of the liquid and dynamic markets. The very popular method for Forex trading is on the spot market. In this, the currencies are brought and sold at the updated price according to the current market. The price of the stocks and shares are dependent on many factors such as political stability, interest rates, inflation level, economic performance etc.

A country's economic and trade trends also have an impact on the value of the country's currency, and similarly, investors can make gains by selling low and buying a country's currency.

This is the essence of foreign exchange investment! With the exchange rate, the country's economy!

Bitcoin is the turning point for the entire financial industry and considering that Bitcoin is only temporary, you make a big mistake.

I think bitcoin being characterized as a "threat" attempting to "eliminate" other currencies is an inaccurate way to view things. Bitcoin is a competitor to fiat currency. This does not represent a negative. If fiat currencies are well managed by governments and effectively regulated than bitcoin may have no role and nothing to offer society. But if the opposite is true, and fiat is poorly managed and ineffectively regulated then the door is open to bitcoin and other crypto currencies providing some tangible benefit. Bitcoin's success or failure partly hinges upon how well its competition does its job.

Don't forget. Many of the world's best and most useful innovations have come from competition between rival groups.

Nikola Tesla and Thomas Edison's AC versus DC current battle contributed significant gains to civilization and society at large.

Bitcoin being in competition with fiat could offer similar benefits to society and so one might ask what's the point of casting a negative light on this? Do we embrace competition as it has the potential to create powerful benefits and innovation? What is the mentality being displayed when people say bitcoin is a "threat"? Who and what is bitcoin a "threat" to exactly? And why should they feel threatened?

On the contrary, I think bitcoin  is the future for same reasons, mainly decentralized systems.the world will favour decentralisation in the future as trust with government  schemes are taking a graduation fall

Foreign exchange investment is the exchange of one country's currency for another country's currency.
Foreign exchange is endorsed by the state as a credit! The foreign exchange market is currently the world's largest financial market!
The foreign exchange market has shown great development prospects!

There is no connection between Forex and investments in the country. From the growth of the capitalization of the Forex, the standard of living of the population is improving nowhere.

Bitcoin futures is like gambling with a large amount of money. I am prefer like on cryptoxchange right now where price can not be manipulated. In futures, investor with large money can control the price and in real cryptomarket that will not happen

i think it will still be manipulated for whales, like in the forex world there is also a black market that manipulates it, but it is not in long duration. until now the government does not yet have a policy on bitcoin, and what i worry about is that too

Bitcoin may have not good future in this industry but consider the fact that its main goal is to be used as a currency and not as an investment scheme. Though it fail to do its goal, but still there are improvements and othet crypto that can replace it.

Decentralization is something we should embraced of because it means freedom. Freedom to make choices and not limited by some rules and regulations by anyone.

You are right when you say that investing in the currency of a country is in a way investing in that country since most currencies can only be used locally but this is precisely why I do not want to have fiat, I do not trust in the governments and their printing machines that do not stop printing money so we need to hold something they cannot print, gold and silver are great and I believe bitcoin is great to hold as well.

Now trade war started by U.S President Donald Trump with China, Canada, European Union, India, Mexico.....

Forex will be BIG NEWS for coming years......

Because bitcoin is decentralized that did not make it not to have impact on country economy!  We read from Japan last year how the country make they GDP growth with the legalization of bitcoin.  I believe that investments into forex is investing into the country economy and I also believe that investments into bitcoin or cryptocurrencies is investments into humanity.

In your last statement, does Bitcoin doesn't really look good? In what aspect does it not looking good? I think it is not trying to eliminate the powerful currencies but it simply give another chance to those less fortunate in lives to have a decent financial dependability.

Forex trading is $4,000,000,000,000 every day. How will Bitcoin get near that, I fail to understand. US Dollar, Gold, Silver have seen 100 years of world trade and commerce, world war 2, 9/11 terrorists attacks in USA, economic crisis and much more.....

You can earn on the stock exchange if you understand.  But if you're just learning how to learn, you can use beta wallets and play.

Forex deal with currencies and so are exchanges in crypto market. Bitcoin is considered currency just like USD. There is not much difference to Forex and cryptocurrency market. We can also store our wealth in bitcoin which is exactly what you also mean with GOLD. Bitcoin is even better than gold because it can easily be bought unlike gold that you have to transact differently.

Bitcoin is not a currency, it's a risky investment. Those who want to invest in the cryptocurrency, they must understand that they are risking their own means. Someone will win and make a profit, but someone will remain with nothing. This is a kind of virtual casino, but raised to a completely different level.

Well, gold standard ended far ago, that is why decentralization is not a problem nowadays. As to your last sentence, i believe btc is not gonna cut off fiat currencies, it just adds more features to global money system for wide needs of people.

There is lots people who gain profits through forex trading. If you are not able to gain profit then there is something wrong with you strategy. Not only the forex trading, crypto trading is also unpredictable here also we have to apply both fundamental and technical analysis.

I think all the investments you mentioned have different risks, so choose the investment that you think best fits you, choose the investment that you think is good. I think the risk of the smallest and has existed since the first is gold investment, usually investment that has a high risk then the profits are also high

Internet started globalization. U.S President is the leader of the free world.

Yes,USD is also determined by supply and demand,but there is something behind it "USA";therefore USD isn't volatile.No fiat is volatile because it's backed by a government.Bitcoin is backed by nothing,only sensitive to news and emotions traders who decide the price of Bitcoin.We should stop being hypocrites and tell the facts as they are.

I think its not a new cryptocurrency is the future. Cause we have been working on your time. The real problem is a good idea, I believe that they are respectable in this day of cryptocurrency and it is a start of cryptocurrency and especially the future, I support that bitcoin is the right now

In my opinion, forex market different with cryptocurrency market. Forex fluctuation still controlled by central banks because its related with interest rates and economic growth. Different with forex, bitcoin doesnt need banks because its peer to peer transaction and no one control the supply and no one can control fluctuation in market

Bitcoin is a paradigm shift in the currency world. History shows that every international reserve currency lasts only a few centuries. Before the USD became omnipresent, the British Pound was King. And a few centuries before that, it was the Spanish Peseta. For the first time, people have the option of choosing a currency which is not linked to any country.

I prefer working with bitcoin too. Because really centralized investment is not good. They have too many rules.

Actually, I have a lot of belief in bitcoin, so we have the opportunity to increase our sales. It's more valuable than the hidden gold inside. It's a strong, robust force that has many uses for people and the investor community to use,

It is even more risk-free with Forex with forex. But forex is the best investment. Foreign Currency Investment is a big advantage for a country 's economy .Forex and crypto are no big changes. Both of them can make a big profit for investors. But I'm hoping to invest in bitcoin. I can invest it with any risk.

US Dollar is getting stronger day by day.

i think forex is more realistic, because whales can't do much like in bitcoin, besides that i think forex is clearer news that will happen, we can see that schedule in forex factory, while bitcoin is pure from buying and selling.

Forex,also known as foreign exchange,fx or currency trading,is a decentralized global market where all the world's currencies trade. The forex market is the largest,most liquid market in the world with an average daily trading volume exceeding $5.3 trillion.

So maybe buy US dollar instead of complaining? The market is a simple thing. If you believe in something put your money where your mouth is and nobody will try to make you change your mind. I find it annoying when people come here only to complain, without any viable arguments or questions. If your mind is made up and you think BTC is going down, just forget about it. We'll see who was right in a couple years. I'm pretty sure we'll know everything within the next 3-5 years. It will be in another rally far above 20k USD or it will be below 1k USD and you'll be able to laugh in our faces.

Although not exactly, there is a truth. As a matter of fact, I am a short-term trader and i only believe my own knowledge, then do my trade.
If you don't believe Bitcoin isn't future of money, what are you doing here? Do you really believe that paper money will be used in the future?

FOREX transactions are $4,000,000,000,000 everyday but Bitcoin is worth 150 billion so whales/big trader rule bitcoin.