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How to Avoid Forex Trading Scams - The Balance
Genuine XRP potential? Single, double or triple $digits?
I see daily posts about this but very little substance providing mathematical justifications for XRP price potential. Can anyone offer some decent insight here? I keep thinking back to six months ago when bitcoin market cap was pretty much one tenth of what it is now, and people saying “it won’t surpass bitcoin market cap” Well it pretty much has past that market cap this week. Hindsight is great. So, does anyone have proper mathematical judgements on price points for XRP? My view: 1) Current demand should push prices up beyond $1.50-2.00 in the short term. Basing this on the fact that there is an unbelievable amount of users still unable to trade and that many exchanges have reported 000,000’s backlog of new customer verifications. Market cap becomes c$58Bn bottom end. 2) Coinbase (basically inevitable now, despite the hoax images, XRP is a good fit for them and there’s incredible demand for XRP) should push price about double, if not possibly a tad more. So pragmatically we go from $1.50 to $3.00. Market cap goes to $116Bn, still pretty low. 3) Some demand ports from BCH and BTC, possibly Short-middle term puts price at $3.5-4.5Bn. Market cap becomes $135Bn bottom end. 4) Testing with banks gets through into alpha and beta. Liquidity increases and supply inevitably drops due (inspite of regular escrow release) to banks holding a higher fixed quantity of XRP for cross-boarder payments. This is the big one, even smaller end bank demand could need billions of XRP to Service it (assuming no alternative IOU used). Figure the price could be anywhere from $4.5-$15.00 here depending on adopt rate and necessary XRP-flow (currency cash flow) requirements. Let’s say really pragmatically, just $7.00 due to slow adoption and some banks opting for IOU or another non-Ripple inter-ledger based solution. Market cap becomes $266Bn. Still pretty low really, lower than BTC is now (well... it’s close...). 5) It’s easy to forget but this is still very much an emerging technology and we’re all pretty much early adopters here. I’d be surprised if we have seen even 5% of the adoption thus far in crypto and specifically into XRP. Let’s for the sake of being hyper-pragmatic call it a moderately (as opposed to emergent) adopted market. It’s realistic to envisage that there’s at least a x3-4 consumer demand-base. Let’s shoot low and say x2 volume demand adopt. That potentially puts the $7.00 to $14.00. Market cap still really rather modest (considering the crypto market cap growth from $50.00Bn > $100.00Bn > $200.00Bn > $300.00Bn etc), at $532Bn. 6) We could have some massive retailer such as the much muted Amazon/UbeAirBnB/Apple etc innovate the market and adopt the ledger tech, even if not for consumer-facing services (e.g. just for their business transactions). Let’s say a less exciting retailer, such as maybe Huawei or maybe eBay adopts it and drives the innovation here. That could foreseeably add 20-200% on the demand due to expanded and demonstrable real-use case. Let’s say it add just 20% short term (and ignore long term for now, as it’s ridiculously speculative). $14.00 becomes $16.80 and market cap still well within one trillion at $638Bn. 7) Let’s not even mention replacement of SWIFT, VISA and international forex demand which exceeds $5Tn daily volume. Again, way too speculative. 8) Let’s consider that large portions of the supply are being hoarded by investors and banks, or even retailers along with many Ripple employees and associates. This could and should create a vacuum and compound demand easily by 10-50%. Lets day 10%. $18.48, or market cap at $792Bn. 9) I won’t mention depreciation and burn rate of XRP because I’ve not mentioned release of escrow, which could (but is unlikely to) max at 1Bn new XRP per month for a few years. But burn rate significantly increases as liquidity does. 10) XRP used more widely for a significantly increased number of currency pairings on the larger exchanges, e.g. XRP/ETH, XRP/LTC, XRP/BCH etc. Immediately much more accessible and lower transaction costs to trade/move currency. Really unsure of how this could affect the price but it’s clear it will improve liquidity, burn rate, demand and exposure of XRP. I’ll leave this one out of the maths here. Just some basic linear maths (excluding escrow release), with some fairly reasonable and pragmatic assumptions can quite easily put XRP well above $10.00. I really don’t see how XRPs price is as low as $1.00-1.25? I’m sure I’ve probably missed loads off this too but the way I (perhaps wishfully) see things is that there’s an offensively large amount of growth here, and hence so many awesome hodlers kicking around in Reddit. 🍻 🥂 Keen to understand the more reasonable community feedback on this topic. Rather than the usual “YEA MAN IT’LL BE $1,000.00 IN THREE DAYS” crew. PS I do hope it’s $1,000.00 in three days but I won’t hold my breath!
This is unacceptable and exchanges as such must be uncovered! They are what we wanted to leave behind, coming to crypto.
Ranking exchanges in term of reported volume doesn't mean anything since nowadays several of them fake their daily transactions using wash trading bots. BitForex is a disgrace in this industry. And they aren't the only one. Im waiting for regulation to step in or DEX development to wipe out all this hoax. We need to start acknowledging the problem and support projects as coinstruction for example, that found a way to strengthen the core values of exchanges’ initial purpose. It creates a consolidated orderbook out of the current top 20 exchanges, performs order books clearance and proposes matching orders for each trader according to their goals. Exchanges these days flooded by biased volume retranscription, lack of liquidity transparency, wash trading, front running and tailgating... Crypto has no future adoption if all these before mentioned problems are not taken in matters. Say f*&k it to exchanges as BitForex and make the future better. https://preview.redd.it/sab4sn978yp11.jpg?width=945&format=pjpg&auto=webp&s=df569df1c165969d0bfd961bdc830f67f272f007
Hello everyone, let me start by saying this: Manual trading, any trading, be it forex, stocks, cryptos.. is 100% destined to fail. Millions of retail traders get punished everyday, and the only winners are wallstreet & bank traders.. why? because they don't trade manually. Educate yourself on how whales, banks & wallstreet traders actually trade, they are not glued to their screens looking for ridiculous shapes to form on charts.. analytical analysis and manual trading is a BIG HOAX. They use auto-trading tools like this one Actually, that's why Auto trading has a bad reputation and for a good reason to be honest. Wallstreet sharks and bank traders only trade with HFT algorithms, computers that make decisions, not humans. That's why all manual traders lose in the end, they can't keep up with robots' computing powers! I personally, had a good strategy that made me lose -$30K on MT4 brokers! and with the same strategy tweaked into a robot I am now making +$17K profits a month on autopilot. Here's the HFT robot maker I use Wake up and stop being naive! Just quit looking for pin-bars on charts.. wallstreet knows better my friend./ Just my 2 cents, fellow traders.
LOL. Hello there, OnTheStreetsIRan. Are you still considering bitcoin trading, instead of hodling and hoping for the best? my advice is to stay away from manual trading and go automated route. No headaches, everything is automated, and excruciatingly profitable. Manual trading, any trading, be it forex, stocks, cryptos.. is 100% destined to fail. Millions of retail traders get punished everyday, and the only winners are wallstreet & bank traders.. why? because they don't trade manually. Educate yourself on how whales, banks & wallstreet traders actually trade, they are not glued to their screens looking for ridiculous shapes to form on charts.. analytical analysis and manual trading is a BIG HOAX. They use auto-trading tools like this one Actually, that's why Auto trading has a bad reputation and for a good reason to be honest. Wallstreet sharks and bank traders only trade with HFT algorithms, computers that make decisions, not humans. That's why all manual traders lose in the end, they can't keep up with robots' computing powers! I personally, had a good strategy that made me lose -$30K on MT4 brokers! and with the same strategy tweaked into a robot I am now making +$17K profits a month on autopilot. Here's the HFT robot maker I use Wake up and stop being naive! Just quit looking for pin-bars on charts.. wallstreet knows better my friend./ Just my 2 cents friend.
Small risk, high rewards. What are great investments?
A few months ago, I was struggling on how to find a good business (https://www.reddit.com/Philippines/comments/7opvfx/self_made_business_and_self_made_men/) and by the grace of God my business picked up and currently gives me a passive income of around 120-150k/month. Things have been going great and I've stopped working and currently enjoy being a full time dad. One recent FB post I saw was about Forex, asked around and a trader friend told me it was a hoax. A pipe dream. Anyhow, asmuch as I would enjoy just saving my money, I would like to be able to earn more to give a better life for my kids. I'm currently all out of ideas. Looking for inspiration. 😃  As suggested by the lady/gentleman below, I shouldn't really rely on random internet strangers for financial advise, so any professionals out there who wants to share their two cents? 😁
04-08 01:04 - 'Manual trading is a HOAX. Go automated.' (self.Bitcoin) by /u/risor55 removed from /r/Bitcoin within 0-10min
''' Manual Trading Is A Hoax Hello everyone, let me start by saying this: Manual trading, any trading, be it forex, stocks, cryptos.. is 100% destined to fail. Millions of retail traders get punished everyday, and the only winners are wallstreet & bank traders.. why? because they don't trade manually. Educate yourself on how whales, banks & wallstreet traders actually trade, they are not glued to their screens looking for ridiculous shapes to form on charts.. analytical analysis and manual trading is a BIG HOAX. They use auto-trading tools like this one Actually, that's why Auto trading has a bad reputation and for a good reason to be honest. Wallstreet sharks and bank traders only trade with HFT algorithms, computers that make decisions, not humans. That's why all manual traders lose in the end, they can't keep up with robots' computing powers! I personally, had a good strategy that made me lose -$30K on MT4 brokers! and with the same strategy tweaked into a robot I am now making +$17K profits a month on autopilot. Here's the HFT robot maker I use Wake up and stop being naive! Just quit looking for pin-bars on charts.. wallstreet knows better my friend./ Just my 2 cents, fellow traders. ''' Manual trading is a HOAX. Go automated. Go1dfish undelete link unreddit undelete link Author: risor55
04-09 11:52 - 'Today I received my first spam message on Reddit, Thanks u/risor55' (self.Bitcoin) by /u/mzzntn removed from /r/Bitcoin within 65-75min
''' Here is the message for curious: Hello there, mzzntn. Are you still considering bitcoin trading,xxxxxxxxxxxxxx instead of hodling and hoping for the best? my advice is to stay away from manual trading and go automated route. No headaches, everything is automated, and excruciatingly profitable. Manual trading, any trading, be it forex, stocks, cryptos.. is 100% destined to fail. Millions of retail traders get punished everyday, and the only winners are wallstreet & bank traders.. why? because they don't trade manually. Educate yourself on how whales, banks & wallstreet traders actually trade, they are not glued to their screens looking for ridiculous shapes to form on charts.. analytical analysis and manual trading is a BIG HOAX. They use auto-trading tools like [this one]1 Actually, that's why Auto trading has a bad reputation and for a good reason to be honest. Wallstreet sharks and bank traders only trade with HFT algorithms, computers that make decisions, not humans. That's why all manual traders lose in the end, they can't keep up with robots' computing powers! I personally, had a good strategy that made me lose -$30K on MT4 brokers! and with the same strategy tweaked into a robot I am now making +$17K profits a month on autopilot. Here's the [HFT robot maker]2 I use Wake up and stop being naive! Just quit looking for pin-bars on charts.. wallstreet knows better./ Just my 2 cents friend. ''' Today I received my first spam message on Reddit, Thanks u/risor55 Go1dfish undelete link unreddit undelete link Author: mzzntn 1: auto**ofits**etl*fy*com/ 2: *uto*rofi**.n*tlify.co*/ Unknown links are censored to prevent spreading illicit content.
Blockchain Technology: To Democratize Traditional System.
Blockchain is expected to make transaction faster and safer. The core of blockchain is its token. These tokens are traded on most of the crypto-exchanges. More and more exchange come to cryptocurrency world, providing new feature and benefits to the communities. As it is the core of blockchain, to democratize every traditional system. A lot of blockchains with specific objective have been making cryptoworld more crowded and intense. Most traditional system like insurance, heathcare, media, banking etc now can be found on blockchain. Take this as the example:
Insurance in the blockchain : PolicyPal Insurance ($PAL), Aigang Network ($AIX), etc. $PAL, provides flight delay insurance healthcare insurance, more to come.
Healthcare in the blockchain : Medibloc ($MED), MedicalChain ($MTN), Docademic ($MTC), etc. $MED, provides personal medical record on blockchain, so you don’t have to re-examine or re-scan your body if it is not necessary.
Media in the blockchain : Content Net Neutrality ($CNN), Primas ($PST), Watchdog ($DOG), etc. $CNN, $PST and $DOG, build a network, where you will be rewarded to report hoax.
Banking in the blockchain : Crypterium ($CRPT), Bankex ($BKX), TradeToken ($TIO), etc. $CRPT, $BKX provides you a fast payment in crypto.
All of these technologies aim to make our world better.
Trade.io What takes my interest is TradeToken ($TIO). Looking from their website, they had a successful ICO in 2017, acquired more than $30 million, and now just launched their very highly anticipated exchange, which is built combined with community ideas. Consist of financial and banking veteran’s people, trade.io is not only an exchange, they are a modern financial services firm. This means, now small company can launch their ICO if they pass banking-high qualification by trade.io. Also, other asset classes such as forex, commodities and others will follow in due course, making trade.io a ‘one-stop-shop’ for traders of all experience levels. Plus, the only unique feature on crypto-exchange, the Liquidity Pool is on trade.io. This underline the objective of blockchain industry. To democratize the traditional financial system. With the Liquidity Pool(LP), everyone can participate in it by holding the tokens, to be shared 50% of LP’s profits. What we can understand from this situation is the room for blockchain to grow is huge. With more technologies getting involved in blockchain, we are sure that future will be good to us.
Worrying ICOs of Spot Option and IQ Option WARNING
Hi I am glad icocrypto exists because as a crypto trader and a big enthusiast I want to do my part to keep this space clean. I have been observing a worrying trend that I wanted to share my opinion on and alert fellow investors and traders on giving real hard facts that could save us all, collectively, a lot of money and emotional pain. There are some major fraudsters, conmen and scam artists that are soon looking to ICO and not 1 dollar of the crypto currency communities money should be given to them ESPECIALLY after the STOX ICO which later was exposed as a scam. Read here for those who missed it: https://www.reddit.com/Bancocomments/6o34fz/heads_up_for_those_who_intend_to_invest_in_the/ Around 9 months ago I lost a friend. He was around my age and also a consultant to one of my fledgeling businesses in the Quebec region. At first I thought it was some hoax or prank but he had mentioned to me about some personal problems he was going through during our working relationship. Little did I know the situation was far darker and serious than he had led on, otherwise I would have helped. I am talking about Fred Turbide who killed himself in his garage leaving behind a sad and bankrupt family. He was lied to and cheated out of his live savings by an Israeli binary options company called 23Traders. You can read the whole story here none of this is made up https://www.timesofisrael.com/fleeced-by-israeli-binary-options-firm-canadian-man-commits-suicide/ Based on my research 23Traders is a brand of Spot Option, an Israeli company that owns 70 percent of the binary option trading market. The founders of this company known as Pini Peter and Oren Shabat and some guy called Semi Vahap, have been indicted for fraud/money laundering and their subsidiary brands like Banc De Binary (one of the biggest binary option scams that was ejected from USA and shut down). You can read about this in their OWN WIKIPEDIA page: https://en.wikipedia.org/wiki/SpotOption For those who were taken in by the STOX ICO scam where they swindled around 30 million dollars from crypto investors, you will never see any return on that share again. STOX as the reddit thread i have posted above proves, is basically the same team of ANY OPTION another SPOT OPTION brokerage. ANY OPTION has scammed thousands of clients, been fined repeatedly and was "bought out" yeah right. They rebranded to invest.com and ICO'd a company that has no real traffic, lying about their figures. Having dabbled in binary options before, I knew it was a fun way to trade where one could make a lot of money but after my broker IQ option (I will talk a little bit more about them later in this post because they are planning to ICO!) decided to lock me out and deny me my wins, that is where i knew I was dealing with a sinister set of people. To my dismay, since I hang out at Forex Peace Army which helps keeps traders like me alert for new scams, I found out that these Isreali binary scam brokers are now looking to ICO so they can pull off a giant scam only this time with THE PUBLIC'S MONEY!. https://www.financemagnates.com/fintech/news/exclusive-spotoption-announces-blockchain-based-trading-via-spotchain/ Spot Option is the first one that is looking to ICO and then I found out today that IQ Option, the company that stole my deposit and regularly stops traders from being awarded their RIGHTFUL gains and wins, is also looking to do an ICO. http://www.financemagnates.com/forex/brokers/iq-option-teases-upcoming-ico-limited-tokens/ Here is the truth about IQ Option: They pay hundreds of people including their employees to write good reviews including affiliates who write fake 5 star reviews. The truth however is very dark you can read it here http://brokerscamalert.com/iq-options-review/ and most importantly, Forex Peace Army which actively hunts down these bucket shops paints a very different reality. You will see in this post that there are hundreds of threads of customer complaints of outright denial of withdrawals, manipulation of price data and even threats issued by this company to clients: http://www.forexpeacearmy.com/community/search/6362854/?q=iqoption&o=relevance Only the problem is you don't find these reviews on page 1 or 2 of google so easily so many people get duped. If you know where to look, you can easily find them and the truth emerges. Before Spot Option and IQ option type of brokers entered binary options actually it was fun and fair and regulated brokers existed but these firms completely destroyed everything by greed and praying upon the hope of the desperate. Do not fuel their intentions or fall prey to their lies. I have so much evidence if any one has questions I will post more. Please DO NOT give these scammers any money, they have already swindled millions from poor people around the world and now want to use the "lack of information" in the crypto currency about what really went on in the binary options space to create scarcity value and try and hype up their scam. Please post here your responses. I am not promoting anything here I just don't want these leeches to steal any more money. -danpirung
Pump & Dump is "no longer" an acceptable term in crypto currency
Greetings Yung Astronauts! I would like to start by saying, "There is no such thing as a bad child". I believe that children learn what they live and are products of their everyday surroundings whether it be poverty or prosperity. With that said, "There is a such thing as a bad child in crypto currency". A "wild child" who is rapidly creating new coins, mining at the speed of light and then reaping rewards through fraudulent methods of exchange trading. This means of trading is called a "Pump & Dump Scheme" and is a criminal offense on Wall Street that comes with fines, forfeiture, incarceration, parole and restitution. I know your yung minds are saying, "It's unregulated, we can do whatever we want!" But the reality is if crypto currency were regulated you would be considered a criminal. Understanding crypto is one thing, understanding securities law & regulation is another. My point is obvious to a seasoned investor, but would be inconceivable to a yung crypto investor. NYS will be the first to basically take control of Bitcoin in the form of a license and adopted rules which I believe to be a hoax. They haven't a clue on what they are doing from the public eye and are cooperating wanting Bitcoin to work. I believe this to be true, but I also believe it to be a slight of hand on their behalf. Why? NYS regulation has nothing to do with CFTC, Federal, FINRA, or SEC regulation in the US. Ex: Medical Marijuana is legal in some US states, but not federally legalized in "any" US states, same premise will apply to Bitcoin. So now we have COIN? The brainchild of the Winklevoss stooges, a joke when they got robbed of Facebook and a still a joke today in my book. Money doesn't come with brains, these guys pay "so-called" trusted advisors, for me to take these guys serious would be a cardinal sin. They are giving Bitcoin away to it's natural born enemy, "the state" and selling it out commercially for their own personal financial agenda and objectives. Much like MC Hammer or Vanilla Ice were accused of. Hey, "Let's give this kitten to the pitbull's." I wonder what Satoshi Nakamoto is thinking? Remember Bitcoin was created for equality, not for the rich to get richer, while gaining MORE control. Why even support BTC? It will become another version of USD if we are not careful. However, COIN which is an ETF created by the Winklevoss twins is a Bitcoin oriented Exchange Traded Fund based on the WinDex market price of Bitcoin which is Winklevoss created. I believe in the concept completely, but I believe COIN should have been launched on Coinbase as their "second" investment product which would have helped in the "self regulation" of Bitcoin, not the "joint regulation". Coinbase has enough capital and support to do this and the Winklevoss twins are in bed with them. Their sole reason for listing on NASDAQ is to gain mainstream "investor" exposure and trap real whales or bag holders they so "urgently seek" to profit tangibily on Bitcoin. The twins cannot possibly sell off their BTC, it would kill it! They need to "cross out" of their position at equal pricing (both buyeseller) to keep the price stabilized the old fashioned way, the Wall Street way. They need new blood, new money. The 2 stooges own a total of 1% of all Bitcoin's mined, so new capital will allow them to "gently liquidate" their valuable holdings and convert them to USD. They do not believe in Bitcoin, they believe in capitalism and this is their EXIT strategy. By their doing, Bitcoin will now be sanctioned by a whole "new" set of rules outside of NYS. These rules will be enforced by FINRA and the SEC if the COIN ETF gets a NASDAQ listing, it is mandatory or the Winklevoss ETF cannot list and that is a fact. My reasoning, You cannot get half pregnant! Without boring you with all of the stock market rules and regulations, upon COIN's listing I would have to believe any NYS/US Bitcoin related exchange and/or investment vehicle will eventually fall under strict FINRA/SEC federal regulation. NYS regulation will act somewhat like the Investment Advisory Act Of 1940 to govern states individually. FINRA/SEC regulation will cover the markets in general like other investments. We might see CFTC regulation enforced if ever Bitcoin is reclassified as a commodity. So it is important to understand they are going to enforce similar regulation to Bitcoin as they did FOREX, gold, and other precious metals in which the physical side is still the wild west. They want to enforce the sale of Bitcoin, so they can weed out some who have made bad decisions in the past which is about 50% of adult crypto. Restricting people who have a criminal past or securities related charges is a standard position taking on Wall Street for investor protection purposes. While they appear to be protecting the public, their white shoe friends will take over Bitcoin and sell it through all the major wire houses generating commission checks and capital gain tax for everybody!!! I see Bitcoin's future, I really do. It's gonna work well, but we will lose our foot hold as a community, It will just become another form of Paypal. So my rant on regulation is simple. When the IRS classified Bitcoin as an asset everything was "retroactive". Let's say they impose federal regulation and do the same thing? We are looking at many crimes committed in crypto currency and many people going to crypto prison. My main objective of this post is to educate our youth on the future laws to come. Pump & Dump is "no longer" an acceptable term in crypto currency, it cheapens this technological innovation that will change our financial landscape as we know it yesterday. When an investment trades higher in value on Wall Street it's called a "price increase", "surge in value" or something of that nature. Please understand Yung Astronauts you were taught wrong, choose your words wisely. Become the good children of crypto currency and make more money developing the alt coin side of Bitcoin, it is "our" only hope for a future with anonymity. Talk at cha' Gordan @GordanCrypto
Offering trading services in over 150 countries with offices located worldwide. AvaTrade is a forex broker that is committed to providing a safe trading environment and is fully regulated and licensed in the EU and BVI, with additional regulation in Australia, South Africa and Japan. While foreign exchange (forex) investing is a legitimate endeavor and not a scam, plenty of scams have been associated with trading forex. As with many industries, plenty of predators exist out there, looking to take advantage of newcomers. Regulators have put protections in place over the years and the market has improved significantly, making such scams increasingly rare. Dan Brownsword / Getty images. Forex management funds have proliferated, but most of these are scams. They offer investors the "opportunity" to have their forex trades carried out by highly-skilled forex traders who can offer outstanding market returns in exchange for a share of the profits. Forex is not a scam, but there are plenty of scams associated with forex. Scams are a big problem faced by everyone in the forex industry. Forex trading is a real business that can be profitable, but it must be treated as such. People choosing forex because they can easily earn their living costs from this market place. Volatility in Forex is a source of opportunities. With over 5.1 trillion dollars per day, Forex is the largest market by volume in the world. Besides, volatility in Forex is high as violent movements happen every single second. It provides investors with lots of opportunities every second.
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