Disliked{quote} Fine tuning the Bitcoin skills maybe a tweet to musk for a spare 2m during the next drop. {image}Ignored
Could you share which broker you are using to trade the BTCUSD instrument
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Disliked{quote} Fine tuning the Bitcoin skills maybe a tweet to musk for a spare 2m during the next drop. {image}Ignored
Disliked{quote} Is that true? Your broker took your USD and put it without authorisation in BTC? Oh shit.... But luckily enough you are in profit. :-)Ignored
Disliked{quote} Not lucky at all the first time a forex broker went bust on me I had over $46,000 in my account and because the broker didn't have a guarantee fund in case of bankruptcy so I lost all the $46k. This is why my main account is with a broker that has the best guarantee in the industry. I also deal with smaller brokers that offer better trading conditions but I withdraw profits just in case something bad happens. If a broker doesn't have a guarantee fund in case it goes belly up only open a small account and withdraw profits often.Ignored
Disliked{quote} you can also look for broker with offer segregated accounts Dukascopy for example offers segregated accountsIgnored
Disliked{quote} Unless there is a regulator that makes sure that all customers' accounts are always segregated, and I doubt that this happens, a broker statement that the accounts are segregated is meaningless.Ignored
Disliked{quote} No, that is false. Segregated accounts should work in this way: you have a money account at bank A all your money stays at bank A this bank A gives guarantee to your broker B the money does not lie on your broker B accountIgnored
DislikedBTC (Bitcoin) n H1 Chart Found RISING WEDGE Pattern ... And H & S Formation's NOTE : In H4 Chart's Found H and S Formation's too {image} {image}Ignored
Disliked{quote} Sorry to say but it's not false at all. I agree with you when you say "Segregated accounts should work ..." but, unfortunately, should work doesn't cut it and here is the proof. A forex broker called SkyFx and regulated by CySec had segregated accounts in accordance with CySec rules and it still went bankrupt when the manager of the firm transferred the large majority of the broker and traders' funds to another country and flee from Cyprus. It took me 3 months to get my money back only because traders' funds were guaranteed by CySec. Had...Ignored
DislikedHave you read the following article: long read but worth the time https://crypto-anonymous-2021.medium...e-f8dcf78a64d3 Very interesting observations there. Despite the fact, that different EW counts gave flashing warnings for some weeks now, the circumstances mentioned in above linked article may fuel the decline at the moment. Popcorn, HODL, and keep fresh powder dry :-)Ignored
Disliked{quote} Hmmm, I have to ask Dukascopy. I think they only get hands on my money when I take a position via order. And they only get that amount. Also Duka has on the accounts in Switzerland a protection of 100.000 CHF per client, whereas the European accounts only have max. 20.000 Euro. But as always the question is: is there enough money for all customers when the broker/bank goes belly up. Under normal circumstances, when only one or a few banks go belly up, there should be enough money there. But in case of a big banking crisis I suspect that....Ignored
Disliked{quote} maybe I mixed something up: primarily I was thinking about the bank guarantee quote from Duka: The bank guarantee solution provides great flexibility and efficiency to Dukascopy Bank clients and allows you to keep the funds with your trusted bank in order to access them immediately when required. Bank guarantee can be issued for several accounts, provided they are under the same name for which the Bank Guarantee is issued. Dukascopy Bank accepts bank guarantees for deposits starting from 100'000 USD. All bank guarantee cases are considered...Ignored