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Author Topic: Cryptocurrency btc futures leverage trading is scam  (Read 278 times)
Polo7 (OP)
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September 17, 2020, 11:50:17 AM
 #1

Leverage trading is big scam??

Every time I Go for long the market goes short.
And it seems to me that bot is Reading and will make quick buy or sell order If the price Get close to profit price!!

And then we hear After few days that 70% long traders Got liqutated.  

It looks like no matter If we follow the indicators or Price analysis someone there have the Price fixed.

And what Else is seems to me that the exchangers Will make the Direction to the opposite the bets.

It Can't be true just mathematically that biggest% Leversge traders getting liquitated everytime by

70-90% of the traders.  



I Don't mind that as exchangers have Right to make money but I Want to Know at least they Can tell me so I Can make money Together with them

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September 17, 2020, 11:54:11 AM
 #2

The whole trading this is very fishy. There are big groups who manipulate coin price. They pump and dump coins with their groups and not to mention the whales will always manipulate the market. Best practice is if you are into bitcoin then hold it!

Do not fall for these scams. Very few people can make money from trading. 

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September 17, 2020, 12:59:15 PM
 #3

To OP, have you tried to counter your trade? Like when you have a long trade, you try to short it, lol. It's kinda funny, but sometimes I also think like that especially when I have consecutive losses on trades.

The whole trading this is very fishy. There are big groups who manipulate coin price. They pump and dump coins with their groups and not to mention the whales will always manipulate the market. Best practice is if you are into bitcoin then hold it!
Do not fall for these scams. Very few people can make money from trading. 
I also think about this, especially when you are in some social medias, some "traders" there are used to flex their gains for their own trades, and some of them are selling courses or paid signals which really fishy.

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Polo7 (OP)
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September 17, 2020, 01:34:01 PM
 #4

If Everybody start to undestood this they stop trading or Even they Get away from cryptocurrency! 

As nobody Don't like to be the one who Get scammed. 
rexxarofmoknathal
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September 17, 2020, 01:38:30 PM
 #5

Futures leverage trading as it is a little more complicated than normal day trading, so it may not be for everyone. But what you're describing sounds strange and I've not come across this before. What I suspect is happening is large movements in the market caused by large liquidity which is messing with your leverage trading not allowing you to get a healthy profit. This could also be caused by the volatility of the exchange. Test out the system with lower volumes, see what happens then.





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September 17, 2020, 02:45:43 PM
 #6

When you visit a casino, place bets and make consecutive losses, does it turn into scam?

Religiously following Technical Indicators alone is not enough when it comes Margin trading, you will get rekt every now and then until you learn a lesson. Remember you are not the only one following the charts, making Technical Analysis and anticipating price movements in a certain direction. There are so many players in the game, huge and small. You have to think smart. Margin trading is not all about just TA and opening positions. You need to up your game on risk management, learn to put up stop-losses to avoid getting liquidated, Keep emotions in check etc

Certain institutions and big players know the psychology at play of the small fish in the sea, they can sometimes set Bull traps or bear traps once the small fish get caught in the trap by opening positions, the price reverses.

Most legit exchanges make money through fees. When you make profits, it means someone out there has lost, not the exchange. When you make a loss, it means someone on the other side has won, not the exchange. What is the point of blaming the exchange for your loss due to poor decisions?

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Ucy
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September 17, 2020, 02:52:51 PM
 #7

This could be more likely with centralized, non-transparent exchanges with alot of data, assuming it's true. I think it could be considered a crime if the intention of the bots creators is to have them do exactly what you posted. So you'll need solid proofs to back up your claim.
In ideal situation, the trading platforms would be accountable and punished by organized decentralized communities for bad behavior.
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September 17, 2020, 04:30:57 PM
 #8

leverage trading (margin trading) is not considered a scam. If you take a look at it and you will surely realize that many people can still get rich through full time trading. The important thing this is the game of gambling, it affects the psychology a lot. The initial loss is a sure thing for all traders, this industry is really hard to make money. So you should not accuse margin trading as a scam, just because you do not have enough knowledge and experience to make money.


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September 17, 2020, 05:31:47 PM
 #9

This could be more likely with centralized, non-transparent exchanges with alot of data, assuming it's true. I think it could be considered a crime if the intention of the bots creators is to have them do exactly what you posted. So you'll need solid proofs to back up your claim.
In ideal situation, the trading platforms would be accountable and punished by organized decentralized communities for bad behavior.
I think they worked together for a long time. The typical example is Binance exchange, when the market has great volatility, almost everyone cannot trade because of lag. The strange thing is that there were a lot of coins traded during that time and our traders just looked at the price and couldn't do anything. There have been many theories that claim the founders of exchange used gimmicks and support for whales to manipulate. personally in my opinion I believe in this manipulation cooperation, what about you?


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September 17, 2020, 06:59:23 PM
 #10

This could be more likely with centralized, non-transparent exchanges with alot of data, assuming it's true. I think it could be considered a crime if the intention of the bots creators is to have them do exactly what you posted. So you'll need solid proofs to back up your claim.
In ideal situation, the trading platforms would be accountable and punished by organized decentralized communities for bad behavior.
I think they worked together for a long time. The typical example is Binance exchange, when the market has great volatility, almost everyone cannot trade because of lag. The strange thing is that there were a lot of coins traded during that time and our traders just looked at the price and couldn't do anything. There have been many theories that claim the founders of exchange used gimmicks and support for whales to manipulate. personally in my opinion I believe in this manipulation cooperation, what about you?
Possible but we cant make out conclusions when it comes to collaboration between exchange owners and whales when it comes to this matter.This is one of the factors or reasons why i dont really tend to touch
futures trading due to this possible reason but actually there are really people who do still make money out of this one.

Just like on what being said above on when you do find you trading analysis or calls is on loss then do try to revert or go oppose with it and you will find if there would be such changes when it comes to profitability.
Ive been doing this since when im still on forex and market day and it do somehow works.

Calling it scam is inappropriate though but i cant blame out the feeling that would come out when you do deal with leverage.When price movement do always turn against you.

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September 17, 2020, 07:52:03 PM
 #11

leverage trading (margin trading) is not considered a scam. If you take a look at it and you will surely realize that many people can still get rich through full time trading. The important thing this is the game of gambling, it affects the psychology a lot. The initial loss is a sure thing for all traders, this industry is really hard to make money. So you should not accuse margin trading as a scam, just because you do not have enough knowledge and experience to make money.

The moment you start thinking of trading as gambling, that is when you start making mistakes in your trades, because ultimately there is no strategy for succeeding in gambling, it is a fact that the house has a long term edge against you in ever game you play, but trading is not like that at all.

Trading is supposed to be a science of estimating what range the price is going to be. You're not supposed to treat it like a black and white win/loss outcome. In gambling there are only these two possibilities, nothing in between. But given a deposit amount to an exchange you can gain more money, or part of it back, in one shot. This is why trading and gambling are not good analogies.

OP: you wrote:

Quote
Cryptocurrency btc futures leverage trading is scam

The problem is you are trading with leverage, maybe even high leverage, which makes big profits but also big losses. The golden rule all serious regulated exchanges tell you is that using leverage is risky and might leave you with less money than what you started with, or no money at all. So when you use leverage use it only with a small portion of your portfolio.

(And yet, there are some exchanges out there that market high leverage on their platforms like it's a good thing!)

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September 18, 2020, 10:25:56 AM
 #12

The whole trading this is very fishy. There are big groups who manipulate coin price. They pump and dump coins with their groups and not to mention the whales will always manipulate the market. Best practice is if you are into bitcoin then hold it!

Do not fall for these scams. Very few people can make money from trading. 


The solution is? Buy the dip when they dump, and HODL! With enough HODLers, there will be less and less sell pressure from the whale-cumulators, talking Bitcoin's 200-week SME higher and higher.

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September 18, 2020, 10:55:11 AM
 #13

Just because you lose some money, doesn't mean it is a scam. I do agree that is highly risky and you can't know for sure whether the price is suppressed by some interested parties or not, but the concept itself is not really new and scammy. You should always use stop-loss to avoid being trapped in a loss position. If not, who knows what will happen.

Btw, I don't see holding as something closely related to futures. I think we're talking about different things here, since there is a bigger risk with holding your position if the market is against you.

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September 18, 2020, 12:22:51 PM
 #14

Leverage trading is not a scam because if you have skills to analyze the bitcoin moves, you will know when you should enter the market. The risk in leveraged trading will be bigger than normal trading, and you should have more skills to trade. I don't recommend people who don't have the skills to leverage trading because they will only give their money without making a profit.

If you can do leverage trading with good, I am sure you will profit because the potential to make a profit will be bigger.

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lixer
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September 18, 2020, 05:37:24 PM
 #15

They should tell you so you can make money? Huh If they will have to tell you, then they will also have to tell other people as well, and that means they are probably f*** themselves up pretty badly. Before now I have always been seeing people that are saying that these exchanges are always controlling the market so that a lot of people will lose, because when traders are losing , that means a lot of money for them, but if people are winning, then they will likely be the ones to be losing, so they everything in their power to change it.

If you can’t go with it, it would be better for you to just quit and look for better things to do than keep on wasting your money.

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September 18, 2020, 08:24:28 PM
 #16

The solution is? Buy the dip when they dump, and HODL! With enough HODLers, there will be less and less sell pressure from the whale-cumulators, talking Bitcoin's 200-week SME higher and higher.
Problem is you never know when is the deep. When BTC price gone down to $3,200 everyone thought it will go more down and waited but then it came back again to $8k. Now it's on and off to $11k. I think the best strategy is, when you have extra free money, buy the coin no matter the price.

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September 19, 2020, 09:11:05 AM
 #17

The solution is? Buy the dip when they dump, and HODL! With enough HODLers, there will be less and less sell pressure from the whale-cumulators, talking Bitcoin's 200-week SME higher and higher.

Problem is you never know when is the deep. When BTC price gone down to $3,200 everyone thought it will go more down and waited but then it came back again to $8k. Now it's on and off to $11k. I think the best strategy is, when you have extra free money, buy the coin no matter the price.


Dollar-cost-averaging is your friend. Buy more as the price goes deeper down. Plus yeah, you should have a job to regularly HODL and save some of your monthly salary in Bitcoin, unless most of the posters in the forum are only students without jobs?


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September 19, 2020, 10:47:56 AM
 #18

The solution is? Buy the dip when they dump, and HODL! With enough HODLers, there will be less and less sell pressure from the whale-cumulators, talking Bitcoin's 200-week SME higher and higher.

Problem is you never know when is the deep. When BTC price gone down to $3,200 everyone thought it will go more down and waited but then it came back again to $8k. Now it's on and off to $11k. I think the best strategy is, when you have extra free money, buy the coin no matter the price.


Dollar-cost-averaging is your friend. Buy more as the price goes deeper down. Plus yeah, you should have a job to regularly HODL and save some of your monthly salary in Bitcoin, unless most of the posters in the forum are only students without jobs?





If you Don't do it as your full time income then better focus on your Job and Get at it and Don't waste your Only Precisios free time to play with cryptocurrency or either Get at cryptocurrency and make it as your full time Job!!
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September 19, 2020, 11:08:47 AM
 #19

If you Don't do it as your full time income then better focus on your Job and Get at it and Don't waste your Only Precisios free time to play with cryptocurrency or either Get at cryptocurrency and make it as your full time Job!!
Bitcoin is not only for trading, so you can't force people to doing trading if they want to start buy Bitcoin. I'd say most of people who buy Bitcoin is to HODL rather than trading. Trading is very risky and not all people can do it, while Holding is quite easy.

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September 19, 2020, 02:25:21 PM
 #20

If you Don't do it as your full time income then better focus on your Job and Get at it and Don't waste your Only Precisios free time to play with cryptocurrency or either Get at cryptocurrency and make it as your full time Job!!
Bitcoin is not only for trading, so you can't force people to doing trading if they want to start buy Bitcoin. I'd say most of people who buy Bitcoin is to HODL rather than trading. Trading is very risky and not all people can do it, while Holding is quite easy.



yes btc is for dark market dealings sure i forget about it lol:D
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