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Crypto Vs Currency

  • Post #1
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  • First Post: Edited Sep 7, 2021 12:31am Sep 6, 2021 11:35pm | Edited Sep 7, 2021 12:31am
  •  Fxforum
  • | Joined Mar 2017 | Status: Member | 106 Posts
Which one has more volatility? I am little tired of the currencies lack of movement. If someone with experience on crypto currencies could share the experience, that would be great.
  • Post #2
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  • Edited 3:35am Sep 7, 2021 2:35am | Edited 3:35am
  •  rockit
  • Joined Oct 2013 | Status: Member | 917 Posts
Quoting Fxforum
Disliked
Which one has more volatility?
Ignored
Seriously? Where you lived so far? On the backside of the moon?
It's crypto, of course. There you have daily moves of several percentage points. Look here: https://coinmarketcap.com/
..
 
3
  • Post #3
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  • Sep 7, 2021 6:16pm Sep 7, 2021 6:16pm
  •  Fxforum
  • | Joined Mar 2017 | Status: Member | 106 Posts
Thank you for the information. I am going to checkout is the only way to really know.
 
 
  • Post #4
  • Quote
  • Sep 8, 2021 4:13am Sep 8, 2021 4:13am
  •  louiseking
  • | Joined Jun 2021 | Status: Member | 55 Posts
Crypto has higher volatility and offers high risk and high rewards. But don't just look at the shiny part. Many people have lost their savings due to cryptocurrencies because of high price movements which are very unpredictable.
 
 
  • Post #5
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  • Sep 8, 2021 4:31am Sep 8, 2021 4:31am
  •  4for4
  • | Joined Apr 2017 | Status: 38737526 / 29052019 | 1,245 Posts
Don’t play crypto on margin and play it with the money you can afford to lose …
Market is not random but unpredictable
 
 
  • Post #6
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  • Sep 16, 2021 8:15am Sep 16, 2021 8:15am
  •  CurrencyAnalyst
  • | Joined May 2006 | Status: Dynamic Expansion & Contraction | 360 Posts
CryptoCurrency is the new kid on the block so to speak.. There are about 11,000 variants though most are not sensible to trade. Best advice from a veteran trader is this. Use an established reputable broker. Never Trade On MARGIN. Don't simply trade based on price and hype. "Know What the Units are and Intend to facilitate. Are they Smart Money or Store Of Value Digital Ventures.

Until you have experience and technical understanding, stick to the top 20.. BitcoinCash (BCH) given it's mirror image of BitCoin, with enhanced coding increasing block size, thus making it more suitable for daily spending. Moves well..however is a bit expensive per coin for typical traders coming from leveraged forex trading.
As for lower priced coins, very active ones to consider. Some current good round the clock movers I consistently trade.. Solana (SOL) apx $160 per coin. Another well positioned unit called ChainLink (LINK) apx $31.00 per token.

Also a highly anticipated long term one to look into is Cardano (ADA) apx $2.50 per coin. Both Solana and Cardano are smart contract enabled functional blockchain independent competing ecosystems.

If you want ultra cheap consider Amp #65 (AMP) at a nickel .05 cent a token with high volume and established developing infrastructure. I've traded this one many times. Sometimes I held it for days.

I'd not advise delving into "Meme" coins until you have experience with this market. However many millions have been made by several people. Take the hint on this one.

Basically understand the all inclusive slang titled "Crypto" market is likened to a bunch of extreme high tech stocks, with many interdependencies by nature. Also take a very keen realization the entire block chain, crypto market complex is just that "Complex". Contrived of a moody and prejudiced consortium of variably inclined moving parts. Not just a new market craze advocated by retail speculation. A lot is going on behind the scenes round the clock literally 24/7/365
Tokens are NOT coins in a literal crypto money sense. Better described as multi function smart value units. With before and after price "Push Pull" dynamics. Most traders get lost in this translation of momentum. "Tokenomics' ' is the backbone of the entanglement ecosystem network. Smart contracts..NFT, DEFI, STAKING and so forth. Apply whatever technical analysis you already use with Forex. Adjust as you see fit.

Anthony
"Look Left Think Right"
 
3
  • Post #7
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  • Apr 3, 2022 1:08pm Apr 3, 2022 1:08pm
  •  Michaellea
  • | Joined Mar 2022 | Status: Junior Member | 1 Post
It is not strange that people started using cryptocurrencies because of the bonuses they could bring you.
 
 
  • Post #8
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  • Apr 3, 2022 1:54pm Apr 3, 2022 1:54pm
  •  navyforex
  • Joined Mar 2016 | Status: Member | 42 Posts
I hate trading crypto those pairs are so unpredicatble.
 
 
  • Post #9
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  • Apr 15, 2022 4:45am Apr 15, 2022 4:45am
  •  Natalia
  • | Joined Apr 2022 | Status: Junior Member | 2 Posts
Quoting Fxforum
Disliked
Which one has more volatility? I am little tired of the currencies lack of movement. If someone with experience on crypto currencies could share the experience, that would be great.
Ignored
The crypto market is relatively newer, while forex trading has been in practice for much longer. It's no surprise that trading in cryptocurrencies comes with a higher degree of risk, compared to forex trading. Forex usually offers more liquidity, while crypto is known for being more volatile, which can mean a higher reward with a higher risk.

So, you should make your choice based on your preferences and risk tolerance.
 
 
  • Post #10
  • Quote
  • Oct 7, 2022 9:22am Oct 7, 2022 9:22am
  •  felicebehavi
  • | Joined Oct 2022 | Status: Junior Member | 1 Post
Dude. I'm genuinely surprised at your displeasure. Where have you seen at least one stable exchange rate over the years?
 
 
  • Post #11
  • Quote
  • Oct 10, 2022 8:42am Oct 10, 2022 8:42am
  •  1hr
  • | Joined Jun 2022 | Status: Member | 17 Posts
Crypto only trades against USD... And the major pair is USD/BTC... In the future I would love to see 10 or 20 viable cryptos decouple from one another and trade independently, something similar to forex pairs
 
 
  • Post #12
  • Quote
  • Oct 21, 2022 3:49am Oct 21, 2022 3:49am
  •  ScalpWithMe
  • | Joined Oct 2022 | Status: Junior Member | 3 Posts
If they push the manipulation too far in Forex - questions will be asked. When they do it in crypto, there's nothing anyone can say as there is no regulation.
Trade the Manipulation
 
 
  • Post #13
  • Quote
  • Nov 1, 2022 9:25am Nov 1, 2022 9:25am
  •  Christinermn
  • | Joined Apr 2022 | Status: Member | 12 Posts
Cryptos are more volatile and riskier than currencies. Therefore, you are likely to get higher profits from crypto in a short time. Personally, if you follow the crypto market well, you will have fun while trading, but you should be careful with the speculators as well (!)
 
 
  • Post #14
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  • Nov 1, 2022 10:32am Nov 1, 2022 10:32am
  •  YellowFellow
  • | Commercial Member | Joined Aug 2015 | 579 Posts
Quoting Christinermn
Disliked
Cryptos are more volatile and riskier than currencies. Therefore, you are likely to get higher profits from crypto in a short time. Personally, if you follow the crypto market well, you will have fun while trading, but you should be careful with the speculators as well (!)
Ignored
> Cryptos are more volatile and riskier than currencies.

----> You are right, however as of late, cryptos have been kinda sluggish and sideways most of the time on H4.
Meditate -> Workout -> Good Food = Good Life!
Double [/Rep]: Fully Blown i (FBi) All Time Return: 20.7%
 
 
  • Post #15
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  • Nov 3, 2022 2:06am Nov 3, 2022 2:06am
  •  Eelse16
  • | Joined Oct 2022 | Status: Member | 41 Posts
[quote=Christinermn;14204581]Cryptos are more volatile and riskier than currencies. Therefore, you are likely to get higher profits from crypto in a short time. Personally, if you follow the crypto market well, you will have fun while trading, but you should be careful with the speculators as well (!)[/quote
Yes I agree with you cryptos are more volatile in comparison to others. Today, bitcoin and ethereum prices are holding steady after the latest big fed rate hike.
 
 
  • Post #16
  • Quote
  • Nov 4, 2022 12:18am Nov 4, 2022 12:18am
  •  AbdullahBin
  • | Joined Jan 2022 | Status: Member | 61 Posts
No doubt, Crypto is so volatile; right now I use BTCUSD for my scalping trading with my tight money management plan! On the other hand, I’m bullish on Crypto’s future!
 
 
  • Post #17
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  • Nov 28, 2022 3:45am Nov 28, 2022 3:45am
  •  Kevinstark
  • | Joined Nov 2022 | Status: Junior Member | 2 Posts
With cryptocurrency, you can make transactions whenever you want (any time of the day or night), and there are no limits on purchases and withdrawals.
 
 
  • Post #18
  • Quote
  • Nov 30, 2022 4:13am Nov 30, 2022 4:13am
  •  Eelse16
  • | Joined Oct 2022 | Status: Member | 41 Posts
Cryptocurrency is fast moving and volatile and can be traded anytime.
 
 
  • Post #19
  • Quote
  • Last Post: Dec 13, 2022 6:04am Dec 13, 2022 6:04am
  •  Kim86
  • | Joined Feb 2022 | Status: Junior Member | 14 Posts
Looking at cryptocurrency conditions, which are dropping and have not shown any improvement, it is better to move to currency trading.
 
 
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