Cryptocurrency poll - Cryptocurrency Trading | futures io social day trading
futures io futures trading


Cryptocurrency poll
Updated: Views / Replies:1,527 / 32
Created: by Big Mike Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Cryptocurrency poll

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,041 since Jun 2009
Thanks: 29,184 given, 82,301 received

Cryptocurrency poll

What do you think about Cryptocurrencies?

 


Please vote and discuss.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #2 (permalink)
Elite Member
london, United Kingdom
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: CL
 
Posts: 8 since Mar 2017
Thanks: 9 given, 7 received

I think with much more regulation and control that crypto currencies can replace our current system. But as with most currencies, I don't think it will get far without any real backing.

Many currencies have fallen when they stopped tying them to gold or silver. Inflation due to over printing/creation is a massive problem, but with paper currency, you need to be able to print what tears to ensure that wear and tear of paper currency don't collapse the economy.

With Crypto, the need for control of the creation of it is a must.

What I'm uncertain of is the fact that people can just create it using a farm. How would a government properly regulate this?



Last edited by Skaddoosh; July 20th, 2017 at 06:20 AM. Reason: Fat fingers
Reply With Quote
The following user says Thank You to Skaddoosh for this post:
 
  #3 (permalink)
Elite Member
Reno Nevada
 
Futures Experience: Advanced
Platform: tradestation, amibroker
Favorite Futures: emini ES, forex
 
Posts: 1 since Dec 2016
Thanks: 1 given, 1 received


I've been trading Cryptos and have had some unfortunate losses (MtGox) and some spectactular gains (Ethereum last month and the month before), and even dabbled in mining.

I don't think Cryptos will replace fiat (what people in Cryptos call the gov't issued currencies) any time soon, but I do think that they will make fiat less important, just as the US dollar has not replaced other currencies even though the US dollar is the reserve currency for most of the world, but we still have GBP, Euro, Yen, Aussie, New Zealand dollar, etc. etc.

I see Cryptos as being just another asset class. More importantly, which ones will be the most important in the future?

Reply With Quote
The following user says Thank You to Prototyper for this post:
 
  #4 (permalink)
Elite Member
Atlanta, GA USA
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: Crude, NG
 
FXSurf's Avatar
 
Posts: 13 since Aug 2016
Thanks: 5 given, 2 received


Skaddoosh View Post
I think with much more regulation and control that crypto currencies can replace our current system. But as with most currencies, I don't think it will get far without any real backing.

Many currencies have fallen when they stopped tying them to gold or silver. Inflation due to over printing/creation is a massive problem, but with paper currency, you need to be able to print what tears to ensure that wear and tear of paper currency don't collapse the economy.

With Crypto, the need for control of the creation of it is a must.

What I'm uncertain of is the fact that people can just create it using a farm. How would a government properly regulate this?


Trading Bitcoin and Altcoins is how i got started in trading. I eventually progressed into FX and commodities and no longer trade them...and have no desire to anymore.

Its going to be nearly impossible to have ultimate regulatory control over cryptocurrency. Any programmer with half a brain can create their own altcoin genesis block and get started. There's a pretty vibrant community of traders and that will remain so.

How far into the future it will last is anyone's guess. I thought it was over when Bitcoin crashed from $1000 to $200.

Now its pushing back up towards $3000

\_(ツ)_/

Reply With Quote
 
  #5 (permalink)
Market Wizard
St Thomas, USVI
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,977 since Dec 2013
Thanks: 1,661 given, 3,041 received
Forum Reputation: Legendary

If price is dependent upon supply and demand aren't cryptocurrencies in some ways more like commodities than a currency?

Reply With Quote
 
  #6 (permalink)
Elite Member
Surrey, UK
 
Futures Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker/Data: Kinetick, InteractiveBrokers
Favorite Futures: Equities, Futures
 
Posts: 122 since Jun 2010
Thanks: 65 given, 55 received

Currently, any Tom, Dick or Harry can do what they want with cryptocurrencies whether its for good or bad. I do think cryptocurrencies are the ways of the future and in the very near future, there will be massive regulation as govts take control for transaction monitoring plus of course they will want their own cuts (taxes). For people who think it will now be too difficult, I say nay! Govts might not be able to stop you having illegal cryptocurrency but they can certainly control which retail outlets and institutions are allowed to take it.

Reply With Quote
 
  #7 (permalink)
Elite Member
Atlanta, GA USA
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: Crude, NG
 
FXSurf's Avatar
 
Posts: 13 since Aug 2016
Thanks: 5 given, 2 received


SMCJB View Post
If price is dependent upon supply and demand aren't cryptocurrencies in some ways more like commodities than a currency?

Basically yes. Until the point where grandma can pay for her groceries with it, then its just a commodity to trade.

Reply With Quote
 
  #8 (permalink)
Elite Member
Atlanta, GA USA
 
Futures Experience: Beginner
Platform: Metatrader
Favorite Futures: Crude, NG
 
FXSurf's Avatar
 
Posts: 13 since Aug 2016
Thanks: 5 given, 2 received


iq200 View Post
Currently, any Tom, Dick or Harry can do what they want with cryptocurrencies whether its for good or bad. I do think cryptocurrencies are the ways of the future and in the very near future, there will be massive regulation as govts take control for transaction monitoring plus of course they will want their own cuts (taxes). For people who think it will now be too difficult, I say nay! Govts might not be able to stop you having illegal cryptocurrency but they can certainly control which retail outlets and institutions are allowed to take it.

Exactly, they want to have ultimate control when any cryptocurrency gets exchanged to fiat. As it is the IRS wants unrestricted access to customer accounts at Coinbase.

The IRS is Due to Present its Digital Currency Strategy to Congress Next Week - CoinDesk

Reply With Quote
 
  #9 (permalink)
Elite Member
london, United Kingdom
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: CL
 
Posts: 8 since Mar 2017
Thanks: 9 given, 7 received


FXSurf View Post
Basically yes. Until the point where grandma can pay for her groceries with it, then it's just a commodity to trade.

Wouldn't that mean we are regressing in types of trade? When we had very little structure to the economy people traded cows for a tool or something like that.

That's a weird thought. If we accept something like that then wouldn't that mean rejecting our current economic structure?

Reply With Quote
 
  #10 (permalink)
Market Wizard
St Thomas, USVI
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,977 since Dec 2013
Thanks: 1,661 given, 3,041 received
Forum Reputation: Legendary



FXSurf View Post
Basically yes. Until the point where grandma can pay for her groceries with it, then its just a commodity to trade.

Obviously not all crypto's are the same, but with the current crypto's inorder for Grandma to use it for her groceries, the demand for the currency will have exploded, and since they can't just create new currency, the price will also have had to explode, so does that make it a ponzi scheme? Everybody making money off the last one in? Maybe not but hopefully I make my point.

Reply With Quote

Reply



futures io > > > > Cryptocurrency poll

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cryptocurrency Trading Platforms jupiejupe Cryptocurrency Trading 15 July 11th, 2017 04:29 PM
Looking for CryptoCurrency historical price data Dionysus Cryptocurrency Trading 4 June 20th, 2017 06:17 PM
Poll about profitability Lord Sidious Traders Hideout 3 June 10th, 2012 09:44 AM
Ice Cream poll Sunil P Traders Hideout 3 March 7th, 2012 03:05 PM
NinjaTrader version poll Big Mike NinjaTrader 1 February 16th, 2010 06:59 AM


All times are GMT -4. The time now is 03:33 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-08-19 in 0.08 seconds with 18 queries on phoenix via your IP 107.22.30.57