scorling Posted December 31, 2017 Share Posted December 31, 2017 as an experienced trader my advice is clear and simple, stay away from crypto currencies people, it is not safe by any stretch of the imagination, the currencies have no financial merit or strong hold support. its a simple suck in and blow out option, its happening already, your money is in air and in no physical assett. i can go into much more detail but the bubble will burst very soon, a lot of people are already seeing the damaging sides, take this warning and do something much safer with your money! Binary options maybe? Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted December 31, 2017 Share Posted December 31, 2017 (edited) Binary options maybe? how long will this trumpet be blown, i left binary over 4 years ago whilst i was learning. i trade straight forex and indicies (not individual stocks) on a spreads platform on credible assets. i have a 100k client base that i make small steady returns for, this hype and craziness on crypto is a recipe for clean disaster. we have seen this time and time again happen, hence the reason why u get crazy fluctuations in the price, jumping up and down on pure fundamental crap, there is no technical stand points, no reason for the price to go up, other than huge hype, everyone flooding in, a few major players will fuel its value, manipulate the movement, when the time is right, when the public have funded all thier money in, they will reverse their positions (buy low sell high, then sell high and buy low) they will earn a double wami as we call it, leaving everyone out of pocket and ur money in their pockets, easiest manipulation move in the last 10 years. how about you watch bloomberg and get a real understanding of exactly what bitcoin is, why its being refereed to by big investments specialists as a legal suck blow situation, the smart people will pull out in profit. GUYS best advice i can give you, DO NOT LET YOUR GREED STOP YOU FROM PROFITING, otherwise your GREED will result in a GO to losses. make your moneys, pull out when you have profited, do not leave it because the crypto bubble can burst at any time, and it will fall and be worth nothing in less that 20 seconds. seen this too much and seen a lot of people loose a fortune in this racket. trust me be safe! one thing I would like to add, are all of you looking for a one hit wonder get rich quick option or would have something that can generate you steady income on a monthly basis for years to come. thats bitcoin vs trading (investing). Example:- Im a daily trader, a few of my clients asked for a long term growth trade last year in november, i entered on my long term account a 0.50p a pip on the Dow Jones before the election, despite the heavy dips and rises during the election, i have profited a few thousand points over this year, why:- 1. Donald Trump was always going to win the election, US politics have gradually changed over the years, were the economy dictates the countries moves, its not about how many votes you get, its about how many $$$'s you can throw. 2. Company merges predicted for this year have been the biggest ever. 3. Companies like Amazon and Apple with newer products with DEMAND all over the place. 4. Tax reduction promises and the fact that Donald has his finger in almost every Dow SP and Nasdaq listing out there was a huge move for the upside. 5. The markets after the elections, showed credible technical outlooks, all year the US news has been good. $ has seen better days but overall with the mess europe US also became a little safe haven, the amount of trades over the year moved from the ftse, cac and dax into US indicies has been incredible. 6. i use the example or amazon and apple because they are easy to understand and everyone knows them, WILL you wake up tomorrow morning and these firms are bankrupt? record after record breaking boosts up? if anything does wrong, you have tonnes of reasons and time to bail. 7. as for my dow position, i closed out on the 14th december, i leave u guys to work out how much i possibly made from that, that was with a 50p trade, £300 investment for it........my risk to reward ratio is phenomenal. 8. finally on the 14th i opened a new position were by with the same £300 investment level i'm selling the dow jones for the year, why? a) its now proven that Donald trump is an utter prat b) all his promises are pretty much done, there is nothing more he can do other than mess things up, hes out of promises c) US is really pushing other countries whereby WAR could be on the cards. d) what goes up must come down. the US indicies are now very expensive, resulting in failing new business and the general unattractiveness of it for new investors. e) technical indicators, combined with fundamental and sentiment are all pointing clearly towards a large retracement, atleast 60% of the gain made this year. f) many many more more reasons...... Edited December 31, 2017 by adnanshah247 (see edit history) Quote Link to comment Share on other sites More sharing options...
Sheefa Posted December 31, 2017 Share Posted December 31, 2017 (edited) as an experienced trader my advice is clear and simple, stay away from crypto currencies people, it is not safe by any stretch of the imagination, the currencies have no financial merit or strong hold support. its a simple suck in and blow out option, its happening already, your money is in air and in no physical assett. i can go into much more detail but the bubble will burst very soon, a lot of people are already seeing the damaging sides, take this warning and do something much safer with your money!Thanks for your useful advice, it's been ignored but duly noted. Assume you know Siam Kidd then ex Forex trader who knows his stuff inside out and is a massive advocate and investor in cryptocurrency? He actually was strongly against crypto until he understood the tech behind it and growth prospects (rapid and inevitable). A fall across the spectrum in less than 20 seconds? [emoji23][emoji23][emoji23][emoji23][emoji23] Across all the various exchanges and 1000s of cryptos you truly believe this is possible? Not a chance. You sound to me like another Trader who knows very little about the emerging crypto market. Edited December 31, 2017 by Sheefa (see edit history) Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted December 31, 2017 Share Posted December 31, 2017 (edited) Thanks for your useful advice, it's been ignored but duly noted. Assume you know Siam Kidd then ex Forex trader who knows his stuff inside out and is a massive advocate and investor in cryptocurrency? He actually was strongly against crypto until he understood the tech behind it and growth prospects (rapid and inevitable). A fall across the spectrum in less than 20 seconds? [emoji23][emoji23][emoji23][emoji23][emoji23] Across all the various exchanges and 1000s of cryptos you truly believe this is possible? Not a chance. You sound to me like another Trader who knows very little about the emerging crypto market. /QUOTE] Thats perfectly fine Sheefa buddy, i honestly respect and value your reply. Hold your position, im not saying dont, what i am trying to say is when in strong profits, reduce your holding, bank some profits incase it does swing on you. Buddy the financial world is extremely dirty when it comes to who you can believe and who you cant, there is no such thing as somebody knowing there bits inside out, if they did, they would get busted for knowing something that we all dont......(ill leave that there) I know a lot trust me about the emerging crypto market because i had a position, well 5 of them in bitcoin long term, i closed them all out when bitcoin surged, the surge was too hard and fast, it was no longer emerging buddy, in technical terms. anyways i dont want to argue with you at all, your all correct there are many pros and cons to this debate, just remember not to put your eggs in one basket, profit while times are good, atleast 50% incase of sharp pullbacks and retracements you can always re-enter. just get in the habit of banking banking banking profits! you will regret if you dont. as for me $15,000 on bitcoin was my target long term (which is was supposed to do over a longer period of time, done it in months from were i bought in), its hit that, im done with bitcoin all together now. Set a target, hit a target, study and find a new target.... Edited December 31, 2017 by adnanshah247 (see edit history) Quote Link to comment Share on other sites More sharing options...
SupraD06 Posted December 31, 2017 Share Posted December 31, 2017 Surely this Siam Kidd is at the upper half of this scheme though, he's charging you to watch videos of him telling you how to hand over your real money for digital currency that is next to useless in the real world...... As mentioned, if overnight people started pulling their money out the value of these coins would plummet and those that sold to late wouldn't get anywhere near the value of their portfolio out. It's amazing how every time a new coin or brand of currency comes out it grows stupidly fast....... is that not obviously to good to be true? It's just thousands jumping in and upping the value of literally nothing. Your all chasing monopoly money and yes some can cash out and have doubled their investment but that's it. Anyone who thinks putting it onto a drive and waiting 5 years is gonna be very disappointed when they go to get it out in 5 years. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted December 31, 2017 Share Posted December 31, 2017 That's a genuinely good reply and sensible advice, thank you. I started with risk capital of £5k and have made and banked in true FIAT currency over £9k profit. I now have a £10k fund which I effectively class as near enough free money. I'm certainly careful about greed and looking back I've sold many cryptos for a good profit but not like I 'could' of done. For example NXT (4000 holding) rose to £1.03 and I sold for 1/3 of that but still generated a £1.4k profit. Totally agree about greed and ultimately risk vs reward. Thank you. Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted December 31, 2017 Share Posted December 31, 2017 Surely this Siam Kidd is at the upper half of this scheme though, he's charging you to watch videos of him telling you how to hand over your real money for digital currency that is next to useless in the real world...... As mentioned, if overnight people started pulling their money out the value of these coins would plummet and those that sold to late wouldn't get anywhere near the value of their portfolio out. It's amazing how every time a new coin or brand of currency comes out it grows stupidly fast....... is that not obviously to good to be true? It's just thousands jumping in and upping the value of literally nothing. Your all chasing monopoly money and yes some can cash out and have doubled their investment but that's it. Anyone who thinks putting it onto a drive and waiting 5 years is gonna be very disappointed when they go to get it out in 5 years. this is exactly my point in a nutshell. your money is in air, take a bitcoin to go buy a pint of milk, tell the cashier, in years to come it will be the way we will pay for things, guess what you will be eating dry cornflakes when you get home..... This is precisely the reason why i pulled out on my target, the growth was ridiculous with no credible backing, i dont even class it as a trade on my part, it was a fluke. it doesnt matter who is used to push the product, even if its waren buffet, because as history has taught us, if bitcoin flops, Siam Kidd, will he pay you back, hes guna put a blog saying hes sorry, the current times arent ready for crypto currencies yet, destroy his reputation and sail off in his million pound yachts with the billions hes made for life sucking everyone else in, not a bad exchange hey? reputation for a few billion bucks....... Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted December 31, 2017 Share Posted December 31, 2017 That's a genuinely good reply and sensible advice, thank you. I started with risk capital of £5k and have made and banked in true FIAT currency over £9k profit. I now have a £10k fund which I effectively class as near enough free money. I'm certainly careful about greed and looking back I've sold many cryptos for a good profit but not like I 'could' of done. For example NXT (4000 holding) rose to £1.03 and I sold for 1/3 of that but still generated a £1.4k profit. Totally agree about greed and ultimately risk vs reward. Thank you. /QUOTE] your very welcome pal, i meant no offence at all, apologies if it sounded that way, but ive seen too many people get stung in the years and it breaks my heart watching it happen time and time again.... Quote Link to comment Share on other sites More sharing options...
Sheefa Posted December 31, 2017 Share Posted December 31, 2017 Siam Kidd is the genuine article. I know him and have attended one event and my best mate at least 5-6. He's extremely open about all his trades including significant losses, rebalancing portfolio, which coins are to be extinct etc. I and many others trust him as his advice is sound and has paid dividends 90% of the time. I like the fact he is a genuine bloke and is transparent about crypto investment mistakes. Please don't accuse me of being naive because I believe him and in the crypto and blockchain market - I'm not. The nativity firmly rests with those who haven't undertaken thorough research and invest wisely, and those who don't understand the market at all! Quote Link to comment Share on other sites More sharing options...
Sheefa Posted December 31, 2017 Share Posted December 31, 2017 Oh Jesus so far all I've seen mentioned is Bitcoin this and Bitcoin that. I have ZERO holding in Bitcoin. How about you research NEO, ADA and Ripple as a start and gain a better understanding of their real world applications first. Assume you know about the Ripple bank partnerships agreement and Chinas plan for a standardised digital currency, in light of ICO ban, which is likely to be NEO. Stop thibking purely about Bitcoin - that alone rings extreme nativity. Quote Link to comment Share on other sites More sharing options...
adnanshah247 Posted December 31, 2017 Share Posted December 31, 2017 (edited) Siam Kidd is the genuine article. I know him and have attended one event and my best mate at least 5-6. He's extremely open about all his trades including significant losses, rebalancing portfolio, which coins are to be extinct etc. I and many others trust him as his advice is sound and has paid dividends 90% of the time. I like the fact he is a genuine bloke and is transparent about crypto investment mistakes. Please don't accuse me of being naive because I believe him and in the crypto and blockchain market - I'm not. The nativity firmly rests with those who haven't undertaken thorough research and invest wisely, and those who don't understand the market at all! /QUOTE] ripple for me was awesome earner, had a position in this as well..... i have read his stuff and done a lot of research in the guy, he does seem genuine, but as a proffessional trader, he should not be pushing crypto, simply because of the risk element, a proper traders rule book is to keep risk as low as possible and the mistake that traders want to keep profits as high as possible is the wrong fact. so people believe minimal risk for maximum return is what true traders are after......WRONG, the correct fact is this, keep the risk low and profit consistent...... for this reason bitcoin and cypto's dont follow the rules, the risks are massive and returns are inconsistent due to the ridiculous fluctuations and no technical or fundamental analysis. crypto currencies are running on pure sentiment.............. anyways guys if anybody needs any advice or help, understanding technical terms and risk/reward your more than welcome to ask me and ill aid you all, dont be affraid to ask before parting with your moneys..... thanks for your time sheefa, atleast a lot of valuable information has been put out there for people to read and understand.... Edited December 31, 2017 by adnanshah247 (see edit history) Quote Link to comment Share on other sites More sharing options...
Hitbox Junkie Posted December 31, 2017 Share Posted December 31, 2017 (edited) Kraken have verified my account to tier 2. Ive been buying eth from coinbase and using it to buy on binance. Once sorted it seems to be relatively easy. Hopefully ripple will go up in 2018. Once the nano turns up can store it on that. Crypto is just like trading. Do your research buy in and sale when you are happy with the profit or when it turns. Like others have said use what you can afford to lose. Edited December 31, 2017 by Hitbox Junkie (see edit history) Quote Link to comment Share on other sites More sharing options...
Sheefa Posted December 31, 2017 Share Posted December 31, 2017 His opening advice in the RT Crypto Group is "Please guys only use RISK CAPITAL this is an extremely volatile market and totally unknown". He did a whole 10 minute video on the importance of risk capital obky and being prepared to lose it all. So, again people that follow him and pool together as true group sharing advice and knowledge, no different to this forum, are all fully aware of the risk and reward factor. Answer me this, do you believe people in Africa or LEDCs will still be using Wester Union to received wired money from overseas? Or will another digital currency take over......? Quote Link to comment Share on other sites More sharing options...
Sheefa Posted January 1, 2018 Share Posted January 1, 2018 Example of his genuine honesty.... Quote Link to comment Share on other sites More sharing options...
Tyson Posted January 1, 2018 Share Posted January 1, 2018 I don’t have the stomach but wish I did as it looks like you “can” make good money. How much time a week do you dedicate to monitoring what’s happening Greg ? Quote Link to comment Share on other sites More sharing options...
Dnk Posted January 1, 2018 Share Posted January 1, 2018 Its a crazy game, XRP heading for 10% loss at the moment but how far will it drop Quote Link to comment Share on other sites More sharing options...
el_bandido Posted January 1, 2018 Share Posted January 1, 2018 Well holding huge bags of REQ has done me really well. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted January 1, 2018 Share Posted January 1, 2018 Its a crazy game, XRP heading for 10% loss at the moment but how far will it dropLoss against what? All depends on price you bought in at and exchange Quote Link to comment Share on other sites More sharing options...
Sheefa Posted January 1, 2018 Share Posted January 1, 2018 I don’t have the stomach but wish I did as it looks like you “can” make good money. How much time a week do you dedicate to monitoring what’s happening Greg ?I spend a couple of hours a day mate researching and trading sometimes much more. My portfolio is in a strong place for holding now so hopefully I'll be spending less time on it. Quote Link to comment Share on other sites More sharing options...
Ric Posted January 1, 2018 Share Posted January 1, 2018 Its a crazy game, XRP heading for 10% loss at the moment but how far will it drop As mentioned, all depends what you bought at. Im almost 350% up on that. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted January 1, 2018 Share Posted January 1, 2018 Yeo. Decent amount here too. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted January 1, 2018 Share Posted January 1, 2018 Info on Etoro. Stay away. Quote Link to comment Share on other sites More sharing options...
Hitbox Junkie Posted January 1, 2018 Share Posted January 1, 2018 If xrp get contracts with mastercard and visa for transaction fees the value could shoot up. Even looking to Google and Amazon to try get partnerships with them. Promising if any of these happen. Quote Link to comment Share on other sites More sharing options...
el_bandido Posted January 1, 2018 Share Posted January 1, 2018 Well gents, I've made just over $10,000 since Friday. If 2018 continues like this, I might be going v12 instead of v8 Quote Link to comment Share on other sites More sharing options...
stevie_b Posted January 1, 2018 Share Posted January 1, 2018 Well gents, I've made just over $10,000 since Friday. If 2018 continues like this, I might be going v12 instead of v8 Well played! How much time do you devote to monitoring it? Quote Link to comment Share on other sites More sharing options...
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